How quickly must any change of ownership be reported to the BOP?

The requirement to report any change of ownership to the Board of Pharmacy (BOP) within 10 days after the occurrence ensures that the regulatory body is informed in a timely manner about significant changes that could affect the operation and compliance of a pharmacy. Reporting within this timeframe helps to maintain transparency and allows the BOP to monitor the pharmacy’s adherence to laws, regulations, and standards that govern pharmaceutical practice.

Failure to report any ownership changes promptly could lead to potential non-compliance issues, jeopardizing the pharmacy’s ability to operate lawfully and the integrity of the public trust in the pharmacy profession. Timely reporting is a crucial aspect of regulation, allowing for necessary updates in licensing and oversight by the BOP.