Ongoing compliance under ‘modern slavery act,’ implications for junior issuers

By Nafeesa Valli-Hasham and Manveer Sall (June 25, 2024, 10:20 AM EDT) -- Canada’s new modern slavery act, Fighting Against Forced Labour and Child Labour in Supply Chains Act (the Act), came into force on Jan. 1, 2024, and it was enacted to combat forced labour and child labour by requiring certain government institutions and private entities to disclose their efforts to address these issues within their operations and supply chains. While the initial reporting deadline under the Act has passed as of May 31, 2024, businesses must stay attentive to the evolving nature of the Act and stay proactive in meeting ongoing compliance requirements....