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 first of the year in which the peer review is due with the one-hundred twenty-five dollar fee. If the firm subject to review has not engaged a reviewer by June first, the firm must submit a copy of the request for equivalent review form, with the fee and without the reviewer's signature and submit the original form with the reviewer's signature within thirty days after engaging the reviewer. If the original form with the reviewer's signature is not received within thirty days, the firm must submit an additional late fee of seventy-five dollars.

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 thirty days after the date on the board's letter confirming the request. If the equivalent peer review is to be completed after the firm receives board confirmation of the request, the firm must submit the required information within thirty days after the date of the final letter of approval from the reviewing body. If the information is submitted after thirty days from the date of the final letter of approval from the reviewing body, it must be accompanied by a fee of one hundred dollars.

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

Source: 29 SDR 16, effective August 14, 2002; 30 SDR 119, effective February 9, 2004; 35 SDR 165, effective December 22, 2008; 36 SDR 216, effective July 6, 2010 ; 51 SDR 141, effective July 1, 2025 .

General Authority: SDCL 36-20B-12 .

Law Implemented: SDCL 36-20B-36 .

Prior versions effective: 2010-07-06.