For each report to PHS of a FCOI RFMH shall provide the PHS Awarding Component with an annual FCOI report that addresses the status of the FCOI and any changes to the management plan for the duration of the PHS-funded research project. This annual report shall specify whether the financial conflict is still being managed or explain why the FCOI no longer exists. Annual reports must be made for the duration of the project period, including no cost extensions.