What is Financial Conflict of Interest?

Financial Conflict of Interest refers to a framework of financial disclosure and reporting requirements imposed by United States Federal regulations with the aim of ensuring objectivity in research. 

They apply to individual Investigators and to institutions that apply for, and participate in, grants, cooperative agreements and research contracts funded by awarding components of the United States Public Health Service (“PHS”).  These include the National Institutes of Health and the US Food and Drug Administration.

In order to meet its obligations under the regulations, the University of Edinburgh has taken the following steps:-

  • Adopting a Policy and Procedure to identify and manage Financial Conflicts of Interest with respect to all research projects for which funding is sought or received from PHS Awarding Components.
  • Promoting and enforcing Investigator compliance with the regulation's requirements, including those relating to the disclosure of relevant financial interests.
  • Adopting processes to identify and manage Financial Conflicts of Interest, provide initial and ongoing Financial Conflict of Interest reports to funders and ensure that all funder disclosure requirements are complied with.

Please note that the requirements of the Financial Conflict of Interest Policy and Procedure apply separately from, and in addition to, the University’s Policy on Conflict of Interest.

 

You can find out more about University compliance processes by reading the University of Edinburgh Financial Conflict of Interest Policy and Procedure.

Go to the University of Edinburgh FCOI Policy and Procedure webpage

 

To access staff guidance and compliance forms, please visit the University of Edinburgh Financial Conflict of Interest hub (University login required).

University of Edinburgh Financial Conflict of Interest hub  - staff access only  

Funder specific information is also available from the National Institutes of Health: