16. (1) An Independent practice licence may be issued if the following requirements are satisfied: 1. The applicant has a degree in medicine. 2. The applicant, i. has successfully completed Parts 1 and 2 of the Medical Council of Canada Qualifying Examination, and ii. is certified, by examination, by the Royal College of Physicians and Surgeons of Canada or by the College of Family Physicians of Canada. 3. The applicant is a Canadian citizen or a permanent resident.  O. Reg. 366/93, s. 1. (2) An Independent practice licence may be issued to an applicant who does not satisfy the requirement in paragraph 2 of subsection (1) if, instead of that requirement, the following requirements are satisfied: 1. Throughout the three years preceding the application the applicant has, i. held an academic licence, ii. held a geographical full-time appointment to the academic staff of an accredited medical school in Ontario as a professor or associate professor, and iii. maintained an active medical practice in a clinical teaching unit formally affiliated with the medical school referred to in subparagraph ii. 2. The applicant has permanent certification or certification by examination, by the Royal College of Physicians and Surgeons of Canada or by the College of Family Physicians of Canada.  O. Reg. 366/93, s. 1. (3) An Independent practice licence may be issued to an applicant who does not satisfy the requirement in subparagraph i of paragraph 2 of subsection (1) if, instead of that requirement, the applicant has, continuously throughout the ten years preceding the application, held an Academic or Hospital Practice licence issued before October 31, 1992, been certified by examination by the Royal College of Physicians and Surgeons of Canada and maintained an active medical practice.  O. Reg. 366/93, s. 1; O. Reg. 705/93, s. 2. (4) An Independent practice licence may be issued to an applicant who does not satisfy the requirements in paragraph 2 of subsection (1) if, instead of those requirements, the following requirements are satisfied: 1. The applicant has held an Independent practice licence for a period of at least one continuous year. 2. The licence referred to in paragraph 1 was cancelled because the applicant resigned his membership or for non-payment of a fee. 3. The applicant submits the application form and fee required by subsection 14 (1) within one year after the licence referred to in paragraph 1 was cancelled.  O. Reg. 366/93, s. 1. (5) It is a term and condition of an Independent practice licence that the licence terminates when the licensee ceases to satisfy the requirement in paragraph 3 of subsection (1).  O. Reg. 366/93, s. 1. (6) An Independent practice licence may be issued to an applicant who has applied before January 1, 1994, and has satisfied the requirements of subsection (1) except for the requirement in subparagraph i of paragraph 2 of subsection (1) before January 1, 1994, if, instead of that requirement, the applicant has successfully completed Part 1 of the Medical Council of Canada Qualifying Examination.  O. Reg. 366/93, s. 1. (7) A person who, on June 30, 1993, held a General licence shall be deemed to hold an Independent practice licence.  O. Reg. 366/93, s. 1.