A waiver pharmacy is restricted to the pharmaceutical specialty services approved by the Board in the waiver permit. A waiver pharmacy may not perform functions of a full service pharmacy. A full service pharmacy may perform pharmaceutical specialty services as long as the full service pharmacy is able to demonstrate competency in performing the pharmaceutical specialty. A full service pharmacy and a waiver pharmacy may operate on the same premises provided that the full service pharmacy and the waiver pharmacy: Obtain separate permits from the Board; Are supervised by separate licensed pharmacists who are responsible for the operations of their respective pharmacies at all times the pharmacies are in operation; and Maintain separate inventory and record keeping for each pharmacy permit.