Modern Slavery Policy

Modern slavery and human trafficking policy statement 2025

This statement is made by Validus Risk Management Limited and its subsidiaries (together referred to as “Validus”) pursuant to section 54 of the Modern Slavery Act 2015 (the “Statement”). Validus is committed to conducting business in an ethical and honest manner, and to implementing and enforcing systems that ensure slavery and/or human trafficking is prevented. The Statement was approved by the Board of Directors of Validus for the financial year ending December 2024 and will continue to apply until amended. The Board of Directors of Validus will review it at least once a year.

Introduction from the Founding Partners

Validus operates in the financial services sector as a provider of independent market risk advisory services specialising in the management of currency, interest rate and commodity price risk. It is authorised by the Financial Conduct Authority (the “FCA”) as a MiFIDPRU investment services firm (FRN: 555972).

Validus considers its legal and corporate responsibilities of great importance in relation to its investors, its partners, its employees and its wider community. Validus acknowledges that modern slavery and human trafficking are punishable by up to life imprisonment.

Validus faces a very low risk of involvement in slavery or human trafficking in the territories in which the firm is active. However, Validus is focused on maintaining its zero-tolerance approach to these issues.

Policies

Validus operates a number of internal policies and procedures which are relevant for mitigating the risk of modern slavery and human trafficking occurring in its business or any of its supply chains. In particular, the following policies contribute towards mitigating the risk of modern slavery and human trafficking:

(I) Recruitment Policy. Validus follows a robust recruitment policy, including conducting eligibility-to-work checks for all employees to safeguard against human trafficking or individuals being forced to work against their will. Only specified, reputable recruitment agencies are used to source labour and any new agency is verified before being used.

(II) Whistleblowing Policy. This ensures all employees are aware that they can raise concerns about how colleagues are being treated, or practices within the organisation, without fear of reprisals. Employees are encouraged to report any breaches of policies or any other concerns that have come to their attention.

(III) Third Party Risk Management Policy. Validus sets clear standards for how third-party suppliers are selected, assessed and monitored to manage any risks they may pose. This includes ongoing reviews to ensure they operate safely, legally and in line with our business practices and regulatory expectations. Controls are in place to identify and address any issues that may arise throughout the relationship.

Risk assessment for slavery and human trafficking

Validus applies risk assessment policies and procedures that are proportionate to its size, structure and location. Validus is of the opinion that it faces a low risk of slavery and human trafficking in its business and supply chains.