The Department of Health and Human Services has issued an updated final rule on conflict of interest to use in identifying, managing, and avoiding investigators’ financial conflicts of interest. The regulations will be implemented after publication of the final rule in the Federal Register.
Major changes to the regulations include:
- A requirement for investigators to disclose to their institutions all of their significant financial interests related to their institutional responsibilities.
- Lowering the monetary threshold at which significant financial interests require disclosure, generally from $10,000 to $5,000.
- Requiring institutions to report to the PHS awarding component additional information on identified financial conflicts of interest and how they are being managed.
- Requiring institutions to make certain information accessible to the public concerning identified SFIs held by senior/key personnel.
- Requiring investigators to complete training related to the regulations and their institution’s financial conflict of interest policy.
See this site, http://www.nih.gov/news/health/aug2011/od-23.htm, for more information and a full description of the major changes to the regulations.