Financial Conflict of Interest

Conflicts of interest in research may occur when outside financial interests compromise, or have the appearance of compromising, the professional judgment of a researcher when designing, conducting, or reporting research.

Chicago State University’s Financial Conflict of Interest Policy seeks to maintain the appropriate balance among all competing interests that have the potential to produce bias in the design, conduct, or reporting of the research or distort technology transfer transactions.

The 2011 US Public Health Service (PHS) revised financial conflict of interest (FCOI) regulations (42 CFR 50) became effective August 24, 2012,. These regulations apply to any institution receiving funds from a PHS entity, the National Science Foundation (NSF) or other organizations that follow these requirements, such as the American Heart Association.

What are an investigator’s responsibilities?

Who is an investigator?

  • The definition of an “investigator includes the Principal Investigator (PI) and any other person (regardless of title or position) that the PI identifies as independently responsible for the design, conduct, or reporting of the research.
  • If an investigator is associated with another institution that requires and manages financial conflicts of interest, he/she does not have to repeat training and disclosure at CSU.

When should FCOI training and disclosure be completed?

  • When a proposal is submitted to a PHS, NSF or other organization that follows the regulations.
    • Disclosure is completed annually, in accordance with annual reports or within 30 days of discovering or acquiring a new Significant Financial Interest.
    • Training is completed every four years unless significant changes to a policy require additional training.
    • Training and disclosure records will be maintained and monitored by the Office of Sponsored Research.  Training and disclosure will incorporated into the proposal submission process as well as the annual report process for funded projects.

For more information, contact the CSU Office of Sponsored Programs at 773-995-2497.

Note: It is the responsibility of the Primary Investigator (PI) to inform the IRB, at the time of initial submission, if a study is being funded or has been funded by a federal or non-federal research grant.