Modern Slavery - Countdown to compliance

Modern Slavery - Countdown to compliance

Published:

Author: Ron Reid

Applies to: UK wide

Transitional provisions are running out fast. Organisations with a financial year end from 31 March 2016 must publish their statement within 6 months of that year end. Is your organisation ready?

The Modern Slavery Act 2015 requires commercial organisations, supplying goods or services, with a turnover of £36 million or above to publish an annual statement setting out what they are doing to ensure that there is no modern slavery both in their own organisation and in any of their supply chains. The turnover calculation includes those organisations that are only carrying out part of their business in the UK, as well as including the turnover of foreign subsidiaries, so supply chains can be complex particularly as services are caught as well as goods.

Although the provisions come into force on 29 October 2015, organisations were given some breathing space because transitional provisions provided that organisations with a financial year-end from 29 October up to and including 30 March 2016 are not required to make a slavery and human trafficking statement for the financial year 2015/16.

However organisations with a financial year-end of 31 March 2016 onwards are required to publish a slavery and human trafficking statement for the financial year 2015/16 within 6 months of their financial year. For some, this could be as early as the end of September 2016. Time is ticking to comply.

We have previously reported on what organisations need to do to comply. An e-learning course is available to assist.

The race to the top to drive up standards is gathering pace.

For advice on Modern Slavery Act compliance, please contact Ron Reid on 03700 86 8471 or Jos Kirkwood on 03700 86 8347

Disclaimer

This document is for informational purposes only and does not constitute legal advice. It is recommended that specific professional advice is sought before acting on any of the information given.

About the author

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Ronald Reid

Consultant

03700 868471

Ron is a consultant with Shoosmiths having previously headed the regulatory & compliance team advising clients on non contentious matters as well as those facing investigation or prosecution for breaches of regulatory legislation. He has considerable experience of crisis management. He has over 40 years' experience including having prosecuted complex matters on behalf of the Health and Safety Executive giving him considerable insight into the enforcement process and the major causes of prosecution.

Ron also formed part The Law Society Steering Group on the Modern Slavery Act practice note and spoke alongside Kevin Hyland, OBE, at the Law Society on the 6th December 2016.

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