Changes to NIH Financial Conflict of Interest Regulations – Key Highlights from Dr. Sally Rockey’s Webinar
Date: November 26, 2011
Dr. Sally Rockey, NIH Deputy Director for Extramural Research, and colleagues held a webinar to discuss the recently published financial conflict of interest (FCOI) regulations on December 1, 2011. The webinar was largely an overview concerning the changes to the original 1995 regulations. Some key highlights from the webinar include:
1. The de minimis threshold for significant financial interests will now focus on aggregate interests from the previous 12 months, in contrast to the former regulations that required investigators to anticipate 12 months into the future.
2. In the absence of posting FCOI on the web, institutions will have to respond to all requests for such information within five days.
3. An institution will have to file annual updates on each case of FCOI it identifies, until the conflict is eliminated.
4. Investigators will be required to receive FCOI training prior to beginning NIH funded work and to participate in quadrennial refresher courses. The training requirement will be instituted on August 25th, 2012.
5. The new policies will also apply to trainees (e.g. NRSA fellows) directly receiving NIH funds.
For more information about the 2011 Revised Financial Conflict of Interest Regulations, visit the FCOI website.