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"This Statement is being published in accordance with Section 54 of the Modern Slavery Act 2015. It outlines the steps taken by Morgan Stanley1 during the 2019 financial year to ensure that modern slavery2 is not taking place in any part of our own operations or, to the maximum extent possible, in any of our supply chains, as well as our future plans in that regard. This Statement applies to the global operations and supply chain of Morgan Stanley and our consolidated subsidiaries."