So I'm pretty sure this is a solid pass - I think it will be official at 5:13PM? - but with the caveat that revamps be included. So I think the final wording would be something like (although I couldn't think of a better word than "revamp"):
Judge and peer review of characters shall only be mandatory in the following circumstances:
* When the PC is created
* When a PC concludes his association with a DM (and doesn't retire).
* If the current DM requests it.
* If the PC is revamped (typically on first gained level).