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Bribery Act 2010

House of Lords written question – answered on 7th July 2011.

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Photo of Lord Moynihan Lord Moynihan Conservative

To ask Her Majesty's Government what assessment they have made of the cost to United Kingdom corporations of complying with the Bribery Act 2010.

Photo of Lord McNally Lord McNally Deputy Leader of the House of Lords, The Minister of State, Ministry of Justice, Liberal Democrat Leader in the House of Lords

We have been determined to ensure that the Act is implemented in a way which tackles bribery without imposing unnecessary cost and uncertainty on legitimate trade or business. An impact assessment was published by the then Secretary of State for Justice in 2009 for the introduction of the Bribery Bill. We obtained further representations on the subject in the course of the consultation process on the guidance about commercial organisations preventing bribery. The guidance and a response to the consultation were published on 30 March this year and can be found at: http://www.justice.gov.uk/guidance/making-and-reviewing-the-law/bribery.htm and http://www.justice.gov. uk/consultations/543.htm.

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