Financial Conflict of Interest
Financial Conflict of Interest
University Corporation at Monterey Bay is in compliance with federal and state requirements which require principal investigators and other key personnel on certain sponsored projects to disclose financial interests.
Financial Conflict of Interest Policy - Government Funding
The U.S. Department of Health and Human Services and the Public Health Service issued new financial conflict of interest disclosure regulations in 2012. These new FCOI regulations establish standards and thresholds for financial disclosures that must be followed by institutions that apply for or receive research support from PHS agencies, including the National Institutes of Health. These rules also apply to a handful of non-federal sponsors. In addition, the National Science Foundation has their own regulations and FCOI disclosure requirements. Please review the Financial Conflict of Interest Policy-Government funding linked above.
PHS Mandatory Financial Disclosure
The new FCOI regulations differ in several significant ways from the existing rules, including reduced disclosure thresholds and more onerous review and reporting obligations.
What else is required?
Mandatory Training: The PHS FCOI regulations also include new requirements for mandatory and ongoing education and training certification. A component of this training will satisfy the mandatory training under the new FCOI rules. All PHS investigators, as defined by the rule, must complete certification prior to beginning work on a PHS-funded project with a Notice of Award issue date after August 24, 2012. To assist researchers with compliance, CSUMB subscribes to the Collaborative Institutional Training Initiative (CITI) on-line certification program. Any researcher affiliated with CSUMB may complete CITI Program training.