REG - HSBC ETFs PLC - Shareholder Notice - Overseas Fund Regime

HSBC HoldingsAnnouncement

18/09/2025 10:30

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RNS Number : 8790Z  HSBC ETFs PLC  18 September 2025

 

IMPORTANT INFORMATION ABOUT THE DEREGISTRATION OF SHARE CLASSES FROM THE UK
TEMPORARY MARKETING PERMISSIONS REGIME (TMPR). THIS DOCUMENT CONTAINS
IMPORTANT INFORMATION ABOUT THE SHARE CLASS(ES) IN WHICH YOU ARE INVESTED. IF
YOU ARE IN ANY DOUBT AS TO THE ACTION YOU SHOULD TAKE, YOU SHOULD IMMEDIATELY
CONSULT YOUR STOCKBROKER, BANK MANAGER, SOLICITOR, ACCOUNTANT OR FINANCIAL
ADVISER.

 

18 September 2025

 

 

Dear Investor,

 

We, the board of directors of the Company (the "Board"), are writing to let
you know that your investment in one or more of the sub-funds of the Company
listed in Appendix 1 (each a "Fund" and together the "Funds") . We are writing
to let you know that your investment in the Fund may be impacted as a result
of the Fund's transition to the Overseas Fund Regime ("OFR") in the United
Kingdom ("UK"). This letter is intended to explain the possible impact of the
Fund's transition into the OFR on your investment.

Background

The share classes listed below in Appendix 1 are currently registered under
the Temporary Marketing Permissions Regime ("TMPR") in the UK. The TMPR was
introduced as an integral part of Brexit where its purpose was to allow
investment firms located in the European Economic Area ("EEA") to continue to
market certain of their investment funds in the UK following the UK's
departure from the European Union. The TMPR has now been replaced by the OFR
and all EEA UCITS that are currently operating under the TMPR, excluding EEA
UCITS that have been authorised as money market funds, must transition to the
OFR by 31 December 2026 to remain authorised for distribution to the public in
the UK.

Application for OFR Recognition

On 19 August 2025 the Management Company, HSBC Investment Funds (Luxembourg)
S.A. (as the "Operator" of the Company under the OFR regulation), applied for
OFR recognition for certain share classes of the Funds that were in the TMPR.
However, due to the limited number of UK shareholders in the share classes
listed below in Appendix 1, these share classes have not been included in the
Funds' OFR application (each a "deregistered share class"). The Financial
Conduct Authority ("FCA"), the UK's financial regulator, has up to two months
to review the Funds' application and, if considered appropriate, grant OFR
recognition. Once the Fund is granted OFR recognition, the relevant share
classes, except those listed in Appendix 1 below, will be recognised under the
OFR.

Options Available to you

Our records show that you hold shares in one or more of the deregistered share
classes listed below. You are not required to take any action and may continue
to hold your shares. However, please note that the Operator will no longer be
actively marketing the deregistered share classes in the UK and will also
request that its platform providers cease to distribute the deregistered share
classes in the UK.

If your shares are held in an Individual Savings Account ("ISA") or Child
Trust Fund, (together a "wrapper"), they remain qualifying investments for
these wrappers as the Fund itself is recognised under the OFR.

However, if you are a UK investor, you should be aware that with effect from
31 December 2025 the deregistered share class(es) may no longer have UK
reporting fund status unless specified otherwise in Appendix 1 below.  This
may impact the amount of tax you are liable to pay in the UK. If you are in
any doubt about your potential tax liability, you should seek professional
advice regarding the tax implications of this change.

Should you decide that the deregistered share class(es) in which you hold your
investment no longer meet your needs, you may wish to (i) apply for redemption
of your shares or (ii) consider switching your existing shares to a share
class of the Fund that will be registered in the OFR, subject to meeting the
eligibility criteria of such share class.

If you wish to ensure your switch or redemption is completed before the change
of UK reporting fund status of the deregistered share class(es) in which you
invest, instructions must be received before 2.00 p.m. Irish time on the
Dealing Day prior to 31 December 2025.

Reportable income for the period ending 31 December 2025 will be made
available at https://www.assetmanagement.hsbc.co.uk/en/.

You can view the list of share classes at
www.assetmanagement.hsbc.com/fundinfo
(http://www.assetmanagement.hsbc.com/fundinfo) which currently lists all share
classes registered in the UK. This list will be updated to exclude the share
classes listed below at the appropriate time.

The prospectus of the Company as well as the annual and semi-annual reports of
the Company are also available on www.assetmanagement.hsbc.com/fundinfo.

Regardless of which option you choose, you will not be charged any switching
or redemption fees by HSBC. However, please note that some distributors,
paying agents, correspondent banks or intermediaries might charge switching
and/or transaction fees or expenses at their own discretion.

Please take a moment to review the above information. If you still have
questions, please contact your local agent or HSBC Asset Management office.

 

If you have sold or transferred all of your interests in the share classes
(listed below in Appendix 1), please pass this letter at once to the purchaser
or transferee or to the stockbroker, bank or other agent through whom the sale
or transfer was affected for transmission to the purchaser or transferee as
soon as possible.

 

This letter has not been reviewed by the Central Bank of Ireland (the "Central
Bank") and it is possible that changes may be necessary to meet the Central
Bank's requirements. The board of directors of the Company accepts
responsibility for the information contained in this letter. To the best of
the knowledge and belief of the Directors (who have taken all reasonable care
to ensure that such is the case) the information contained in this document is
in accordance with the facts and does not omit anything likely to affect the
import of such information.

 

Capitalised terms used in this letter and not defined shall having the meaning
given to those terms in the prospectus for the ETFs dated 17 November 2023, as
may be amended from time to time (the "Prospectus").

 

 

Yours sincerely,

 

 

Director

For and on behalf of

HSBC ETFs plc

Appendix 1

 Fund Name                                                    ISIN          Deregistered share class  UK Fund

                                                                                                      Reporting Status
 HSBC BLOOMBERG GLOBAL ESG AGGREGATE 1-3 YEAR BOND UCITS ETF  IE0008ANIRC7  EUR Hedged(Acc)           NO
 HSBC DEVELOPED WORLD SCREENED EQUITY UCITS ETF               IE000QWXU0Z6  CHF Hedged(Acc)           NO
 HSBC FTSE EPRA NAREIT DEVELOPED ISLAMIC UCITS ETF            IE000XW7UWW4  Eur Hedged (Acc)          NO
 HSBC FTSE EPRA NAREIT DEVELOPED ISLAMIC UCITS ETF            IE000E3TEIN5  EURHedged(Dist)           NO
 HSBC FTSE EPRA NAREIT DEVELOPED UCITS ETF                    IE0009YEDMC6  CHF Hedged Acc            NO
 HSBC MSCI CHINA A UCITS ETF                                  IE000C8OT4V7  HKD Hedged(Acc)           NO
 HSBC MSCI RUSSIA CAPPED UCITS ETF                            IE00B5LJZQ16  USD                       NO

 

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