Disclosure of Company Links to Forced Labor in Xinjiang Region
New rules require publicly traded companies to disclose if their products or supply chains are linked to forced labor in China's Xinjiang region. This aims to increase transparency and consumer awareness, potentially affecting product availability and purchasing decisions.
Key points
Companies must disclose if their products originate from Xinjiang or involve forced labor.
Independent verification of this information by auditors is required.
This data will be publicly available, enabling citizens to make informed consumer choices.
Companies failing to comply or misrepresenting information may face penalties, including a one-year ban on re-filing stock registration applications.
Status:
Expired
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