In a previous blog post, we discussed the recently enacted Fighting Against Forced Labour and Child Labour in Supply Chains Act, also known as the Modern Slavery Act (the "Act"). As a reminder, for those entities to whom the Act applies, the deadline for filing their first annual report under the Act is fast approaching - May 31, 2024.
To help you navigate this new requirement, we have created a helpful applicability flowchart and FAQ document. These resources will guide you through the process of assessing whether your organization is required to file a report under the Act. The purpose of the report is to outline the steps you haven taken to identify and mitigate the risks of forced labour or child labour existing within your supply chain. You can access the applicability flowchart and FAQ here.
For those familiar with the Act and its requirements that would like further information regarding the form and content of the filing requirements, we are ready and able to assist with templates providing guidance to comply with the regulatory requirements. If you are interested in learning more or have any questions, please do not hesitate to contact the authors or any member of our Corporate Finance and Securities Group. We are happy to provide further information and tailored guidance for your specific situation.