S.D. Admin. R. 20:75:07:05

Current through Register Vol. 50, page 159, June 17, 2024
Section 20:75:07:05 - Equivalent reviews

If a firm undergoes an equivalent peer review during its three-year review cycle, it may request that the board accept the review as fulfilling the requirements of § 20:75:07:02.

The request must be submitted on forms provided by the board and must set forth the name of the reviewing body, the date of the review, and any other information requested by the board. If the review has not been completed, the reviewer must agree to retain all materials associated with the peer review until notice from the board of the acceptance of the review. The request for acceptance of an equivalent review form must be received by the board by June 1 or be postmarked by June 1. If the firm has not engaged a reviewer by June 1 the firm must submit a copy of the request for equivalent review form without the reviewer's signature and submit the original form with the reviewer's signature within 30 days after engaging the reviewer. If the original form with the reviewer's signature is not received within 30 days, a late fee of $50 will be charged.

If the board approves the request for an equivalent review, the firm subject to review must submit to the board the reviewer's report; the findings for further consideration, if any; the reviewed firm's response to the findings for further consideration, if any; the final letter of approval; and a description of the status of any disciplinary action prescribed by the particular reviewing body. If the equivalent peer review was completed prior to the firm's request, the firm must submit the required information to the board within 30 days after the date on the board's letter confirming the request. If the equivalent peer review will be completed after the firm receives board confirmation of the request, the firm must submit the required information within 30 days after the date of the final letter of approval from the reviewing body. If the information is filed after 30 days from the date of the final letter of approval from the reviewing body, it must be accompanied by a fee of $50.

Following receipt of the required information, the board shall proceed in accordance with § 20:75:07:15 or 20:75:07:16.

S.D. Admin. R. 20:75:07:05

29 SDR 16, effective 8/14/2002; 30 SDR 119, effective 2/9/2004; 35 SDR 165, effective 12/22/2008; 36 SDR 216, effective 7/6/2010.

General Authority: SDCL 36-20B-12(9)(10)(11).

Law Implemented: SDCL 36-20B-36.