Federal regulations require Investigators to disclose certain financial interests (defined below) to ensure that the design, conduct or reporting of federally-funded projects will not be biased. The financial interests disclosed by UCSF Investigators are preliminarily reviewed by the Designated Official (or designee) and may be reviewed by the UCSF Conflict of Interest Advisory Committee (COIAC).
This policy describes the conditions under which these financial interests should be disclosed by all Investigators. The procedure is applicable to all research and educational activities supported by sponsors and programs, including the National Science Foundation, who continue to follow the 1995 regulations on Objectivity in Research [See 60 F.R. 35810 (July 11, 1995), 42 C.F.R. Part 50, Subpart F, (application/pdf, 40.1 kB, info)45 C.F.R. Part 94, and (application/pdf, 40.1 kB, info)60 F.R. 35820 (July 11, 1995 (application/pdf, 40.1 kB, info))]. The University of California and UCSF maintain a separate conflict of interest policy applicable to Public Health Service (PHS) and other non-federal sponsors that adopt the PHS policy.
The UCSF faculty committee charged with determining whether Significant Financial Interests are related to the proposed research and whether they constitute Financial Conflicts of Interest. The COIAC is appointed and is advisory to the Executive Vice Chancellor and Provost. The Chancellor designated the Executive Vice Chancellor and Provost as the official who receives and approves recommendations from the COIAC regarding Financial Conflicts of Interest.
Campus official (or designee) designated to solicit and conduct review of disclosures of Significant Financial Interests from each Investigator who is planning to participate in, or is participating in a PHS Activity. The Designated Official at UCSF is the Associate Vice Chancellor, Ethics and Compliance.
Any individual responsible for the design, conduct, or reporting of the results of work performed or to be performed under the sponsored project. This includes the Principal Investigator, Co-Investigators, Collaborators, Consultants, and any other individual who has responsibility for designing, conducting, or reporting of funded research or proposed such funding.
The individual ultimately responsible for the appropriate scientific and financial conduct of a sponsored research project. On occasion, co-principal investigators who share responsibility for a project.
Consistent with the University of California’s definition (See University of California Policy On Disclosure of Financial Interests and Management of Conflicts of Interest Related to Sponsored Projects) Significant Financial Interest means anything of monetary value including, but not limiting to:
A. Income or other payment for services including: salary, consulting payments, honoraria, reimbursement of expenses, royalty payments, dividends, loans from the entity, or any other payments or consideration with value, including payments made to the Health Sciences Compensation Plans, during the prior twelve months, of $10,000 or more when aggregated for an Investigator and the Investigator’s spouse or registered domestic partner, and dependent children;
B. Equity in the form of stock, stock options, real estate, warrants, or any other investment or ownership interest exceeding either $10,000 (current market value if publicly traded; internal estimate of value if not publicly traded; otherwise, amount of investment) or a 5% ownership interest, for any one enterprise when aggregated form an Investigator and the Investigator’s spouse or registered domestic partner and dependent children;
C. A management position, whether paid or unpaid, such as a board member, director, officer, partner, or trustee, held by the Investigator; or
D. Intellectual property interest in the form of a patent, patent application or copyright held by the Investigator, or the Investigator’s spouse or registered domestic partner, or dependent children on a patent, patent application, assigned or to be assigned to a party other than The Regents.
Specifically excluded from the definition of Significant Financial Interest are payments made by The Regents, including salary, stipends, royalty payments, honoraria, reimbursement of expenses, or any other remuneration from the University. Also excluded is income from public or nonprofit entities for seminars, lectures, teaching engagements, or service on advisory committees or review panels.
- In accordance with University policies and federal regulations, Investigators are required to disclose all Significant Financial Interests that would reasonably appear to be related to the sponsored project to COIAC.
- In all cases, reporting is required for the individual, his/her spouse or registered domestic partner, and any dependent children.
- Additionally, investigators are required to update their financial disclosure form(s) either annually or as new Significant Financial Interests that are related to the sponsored project are obtained through the period of the award.
- Significant Financial Interests that are not related to the sponsored project do not need to be disclosed.
B. Review of Disclosures
- Prior to expenditure of funds, the disclosure of Significant Financial Interests related to the sponsored project will be evaluated by the Designated Official and/or the Conflict of Interest Advisory Committee (COIAC) to determine whether they may directly and significantly affect the design, conduct or reporting of projects and thereby constitute a financial conflict of interest that may need to be managed, reduced or eliminated. Upon completion of the review, recommendations are forwarded to the Executive Vice Chancellor and Provost who makes the final decision regarding the conditions for acceptance.
C. Reporting Financial Conflicts of Interest
- Public Health Service (PHS) “Objectivity in Research,” 60 F.R. 35810 (July 11, 1995), 42 C.F.R. Part 50, Subpart F and (application/pdf, 40.1 kB, info)45 C.F.R. Part 94
- National Science Foundation (NSF) "Investigator Financial Disclosure Policy," 60 F.R. 35820 (July 11, 1995)
- Public Health Service (PHS) “Responsibility of Applicants for Promoting Objectivity in Research for which Public Health Service Funding is Sought and Responsible Prospective Contractors,” 76 F.R. 53256 (August 25, 2011); See also 42 C.F.R. Part 50, Subpart F and 45 C.F.R. Part 94
- NIH Financial Conflict of Interest Website with Revised Regulations and 1995 Regulations
- California Public Records Act, Government Code Section 6250 et. seq.
- UCSF Conflict of Interest in Research
- UCSF Conflict of Interest Advisory Committee
- University of California Policy on Disclosure of Financial Interests and Management of Conflicts of Interest Related to Sponsored Projects
- University of California Policy Disclosure of Financial Interests & Management of Conflicts of Interest, Public Health Service Research Awards
- University Policy Related to Disclosure by Academic Appointees of Financial Conflicts of Interest in Private Sponsors of Research (pursuant to the State Political Reform Act), See Academic Personnel Manual APM-028/
- UC Business & Finance Bulletin, RPM-1, University Records Management Program
- UC Business & Finance Bulletin, RPM-2, Records Retention and Disposition
- UCOP Memo on Administrative Records Relating to Research: Retention Disposition and Requirements
- University Policy on Faculty Conduct and the Administration of Discipline (Academic Personnel Manual, APM-016)
- Academic Personnel Manual, APM-015 The Faculty Code of Conduct
- University Conflict of Interest Policy Related to State Public Records Act Conflict of Interest Requirements, See University of California's Conflict of Interest Code
- University Policy on Conflict of Commitment and Outside Activities of Faculty Members (APM 025), See http://www.ucop.edu/acadpersonnel/apm/apm-025-07-01.pdf
- Related forms, templates and guidance, please access the UCOP Research Policy Analysis and Coordination website