1. The jurisdiction of the Board to investigate and initiate a hearing before the Commission pursuant to NRS 463.310, and the jurisdiction of the Commission to conduct proceedings and impose discipline in accordance with NRS 463.310 to 463.3145, inclusive, is fully retained and may only be divested pursuant to regulations adopted by the Commission for any circumstance where a person licensed, registered, found suitable or preliminarily found suitable by the Board or Commission pursuant to this chapter or chapter 462, 464 or 466 of NRS is no longer engaged in the activity or in the position for which Board or Commission approval was issued or granted.
2. The surrender or attempted surrender of a license, registration, finding of suitability or preliminary finding of suitability is not effective until accepted by the Board in the manner provided in the regulations of the Commission.
3. The Commission shall adopt regulations that prescribe a reasonable period:
(a) After which the jurisdiction of the Board and Commission is divested and that govern the continuing jurisdiction of the Board and Commission pursuant to subsection 1; and
(b) For the Board to accept a surrender or attempted surrender of a license, registration, finding of suitability or preliminary finding of suitability and that govern the surrender or attempted surrender pursuant to subsection 2.