With regard to any publicly traded entity, an SFI exists if the value of any remuneration received from the entity in the twelve months preceding the disclosure and the value of any equity interest in the entity as of the date of disclosure, when aggregated,
exceeds $5,000
.
What is the lower limit or financial threshold for disclosure of financial interest?
Require investigators to disclose to their institutions all of their significant financial interests related to their institutional responsibilities. Lower the monetary threshold at which significant financial interests require disclosure, generally from
$10,000 to $5,000
.
What is considered a significant financial interest?
Financial interest means
anything of monetary value, including but not limited to compensation
, equity, gifts, and intellectual property of an investigator or the immediate family member of an investigator, whether or not the value is readily ascertainable. …
How many days of acquiring or discovering a significant financial interest is the investigator required to submit an updated disclosure to the institution?
The institution must also require each Investigator who is participating in NIH-funded research to submit an updated disclosure of SFIs within
thirty days
of discovering or acquiring a new SFI.
What types of financial interests must be disclosed?
- Compensation/Remuneration.
- Equity Interests.
- Royalty Payments.
- Special Relationships.
- Sponsored Travel.
- Other Financial Interests (e.g., certain intellectual property rights)
What is considered a significant financial interest SFI that must be reported?
The term “Significant Financial Interest” (SFI) includes an equity interest that
when aggregated for the Investigator and the Investigator’s spouse and dependent children exceeds $10,000 in value as determined through
reference to public prices or other reasonable measures of fair market value, or represents more than …
What is a conflict of interest quizlet personal finance?
A conflict of interest is
a set of circumstances that creates the risk that one’s professional judgment or actions regarding a primary interest will be unduly influenced by a secondary interest
.
What is a mitigation report?
A wind mitigation report
informs the insurance company of a home’s construction in order to determine its stability in the event of strong winds
. A homeowner with windstorm insurance can often submit the results of this report to their insurer and obtain discounts on their windstorm insurance.
What is a conflict of interest committee?
The Conflict of Interest Committee (COIC) is
an academic committee acting under authority from the Chancellor to review potential financial conflicts of interest and make recommendations to the Vice Chancellor
for Research for acceptance, acceptance with conditions, or disapproval of the gift, grant or contract.
Which statement most accurately describes a conflict of commitment?
Which of the following most accurately describes a conflict of commitment?
It occurs when outside activities interfere with obligations to one’s primary employer
. Which of following is true about the management of conflicts of interest? Management plans are often created to reduce the impact of conflicts of interest.
Who is responsible for disclosing significant financial interests?
2.1. 1.1 An individual who, regardless of title or position, is responsible for the design, conduct, or reporting of research, including a
principal investigator
, co-investigator, or project director, must file and update financial disclosure statements under this policy.
Do you have to disclose your mutual funds accounts as a significant financial interest?
Significant Financial Interests does not include
(do not disclose): … Equity Interests in or income from “passive investments”, such as mutual funds and retirement accounts, so long as the Investigator does not directly control the investment decisions for these investment vehicles.
What is an institution required to do if it fails to identify a financial conflict of interest in a timely manner?
Whenever an
FCOI
is not identified or managed in a timely manner, including failure by the Investigator to disclose an SFI, failure by the Institution to review or manage an FCOI, or failure to comply with the management plan, the institution shall within 120 days of the determination of noncompliance, complete a …
What is financial interest in a company?
A financial interest is
an ownership stake in an equity security or debt security issued by an entity
, including the rights and obligations to acquire such an interest.
What is effective equity interest?
Equity interest is the ownership share
of a shareholder in a business
. For example, having a 15% equity interest in a company means that a shareholder owns 15% of the business. An equity interest does not necessarily mean that a shareholder is entitled to a proportionate share of the income generated by an investee.
What is a financial credit?
The most popular form is bank credit or financial credit. This kind of credit includes car loans, mortgages, signature loans, and lines of credit. Essentially,
when the bank lends to a consumer, it credits money to the borrower
, who must pay it back at a future date.
