This page of our website featured our article of 24 April 2015 on the UK’s Modern Slavery Act 2015. It has now been overtaken since the Act is in force. You can find out more about this legislation in our FAQs and film here.
The UK government is currently consulting in connection with the Modern Slavery Act, which received Royal Assent on 26 March 2015.
We’ve made a short film on what this means for businesses – you can see the film below or here.
This new Act is aimed at combatting slavery and human trafficking and includes amongst its compliance requirements that all businesses over a certain size must disclose what steps they have taken to ensure that their businesses and supply chains are slavery free.
One of the key points of the consultation is which companies the new law should apply to. It is proposed that the laws will apply to any business operating in the UK even if based outside the UK. The consultation looks at a number of different turnover thresholds. The consultation closes on 7th May.
We think that this will be a significant extra compliance burden for many businesses. We’ve been advising businesses already on the new legislation. As well as our film there’s an introduction to the new law and the current consultation here.
Jonathan Armstrong, Cordery, Lexis House, 30 Farringdon Street, London, EC4A 4HH
Office: +44 (0)207 075 1784