Modern Slavery Act 2015: Requirement for Annual Statements on Slavery and Human Trafficking in Businesses and their Supply Chains
New rules in the UK Modern Slavery Act 2015 require organisations to publish an annual slavery and human trafficking statement for financial years ending on or after 31 March 2016. This Client Alert looks at what the new rules are, who they apply to and the steps organisations will need to take in order to comply.
The requirement applies to all 'commercial organisations' that provide goods or services with an annual global turnover above £36m. 'Commercial organisations' means companies or partnerships, wherever incorporated or formed, carrying on their business, or part of their business, in the UK. Non-UK companies with any part of their business in the UK are subject to the rules. However a common sense approach means that organisations without a demonstrable business presence in the UK will not be caught by the requirement.
Click here to download PDF.
This publication is provided for your convenience and does not constitute legal advice. This publication is protected by copyright.
© 2015 White & Case LLP