What is the basis of the financial disclosure requirement?
UAB’s policy complies with regulations published by the National Science Foundation [NSF] and the Department of Health and Human Services [DHHS], which includes the Public Health Service [PHS] and the National Institutes of Health [NIH]. These agencies issued regulations effective October 1, 1995, requiring institutional recipients of their funding to evaluate the private, financial interests of investigators for potential conflicts of interest. CIRB has determined that a potential conflict exists when there is any equity I.E. stock, stock options, equity positions (e.g., member of a scientific advisory board), or any intellectual property (I.P.) for which a patent application has been made to the U.S. Patent Office and royalties received from I.P. to all investigators involved in extramurally supported research and educational activities, regardless of sponsorship.
