Hsbc Global Funds: Shareholder Notice - Overseas Fund Regime

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18/09/2025 09:26

RNS Number : 8796Z

HSBC Global Funds ICAV

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 The TMPR has now been replaced by the OFR and all EEA UCITS that are currently operating under the TMPR, excluding EEA UCITS that have been authorised as money market funds, must transition to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 29 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 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 Fund's application and, if considered appropriate, grant OFR recognition. Once the Fund is granted OFR recognition, the relevant share classes, except those listed below in Appendix 1, 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 a 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) will 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 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 are invested, 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 on 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.

The clarification detailed above are sent to you for your information only. 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 ICAV (the "Directors") 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 ICAV dated 17 November 2023, as may be amended from time to time (the "Prospectus").

 

 

Yours sincerely,

               

 

Director               

For and on behalf of

the ICAV

 

 

Appendix 1

Fund Name
ISIN
Deregistered Share Class
UK Fund Reporting Status
HSBC Global Funds ICAV - China Government Local Bond UCITS ETF
IE00BLH1RT05
S7CEUR
NO
HSBC Global Funds ICAV - China Government Local Bond UCITS ETF
IE00BNDNYH11
S7C
NO
HSBC Global Funds ICAV - China Government Local Bond UCITS ETF
IE00BH4GHH87
HCHKD
NO
HSBC Global Funds ICAV - China Government Local Bond UCITS ETF
IE000672Y0V6
ZQ1HJPY
NO
HSBC Global Funds ICAV - Cross Asset Trend Fund
IE000N38Z259
XCH
NO
HSBC Global Funds ICAV - Cross Asset Trend Fund
IE000YXJNDW2
SCH
NO
HSBC Global Funds ICAV - Cross Asset Trend Fund
IE0005MTJ7R7
BDGBP
NO
HSBC Global Funds ICAV - Digital Leaders Equity Fund
IE000P4QDOK2
ACHEUR
NO
HSBC Global Funds ICAV - Digital Leaders Equity Fund
IE000UNTAWR7
ACHHKD
NO
HSBC Global Funds ICAV - Digital Leaders Equity Fund
IE000I7NMIR9
BC
NO
HSBC Global Funds ICAV - Digital Leaders Equity Fund
IE000BR5ZUH5
SC
NO
HSBC Global Funds ICAV - Digital Leaders Equity Fund
IE0008GMLSX4
TC
NO
HSBC Global Funds ICAV - Digital Leaders Equity Fund
IE000PJPLJM8
XCHEUR
NO
HSBC Global Funds ICAV - Digital Leaders Equity Fund
IE000TGRB3E3
XCHHKD
NO
HSBC Global Funds ICAV - Digital Leaders Equity Fund
IE000H8W9FF9
AC
NO
HSBC Global Funds ICAV - Euro Corporate Bond UCITS ETF
IE000QODJG43
XCHCHF
NO
HSBC Global Funds ICAV - Euro Corporate Bond UCITS ETF
IE000UMQ24N2
ZQFIX8.5HJPY
NO
HSBC Global Funds ICAV - Euro Corporate Bond UCITS ETF
IE000LI0SXX1
AC
NO
HSBC Global Funds ICAV - Euro Government Bond UCITS ETF
IE000DEKT3P6
XCHCHF
NO
HSBC Global Funds ICAV - Euro Government Bond UCITS ETF
IE00082FSJC6
AC
NO
HSBC Global Funds ICAV - Euro Lower Carbon Government 10+ Year Bond UCITS ETF
IE000ZDZ2R55
SCHCHF
NO
HSBC Global Funds ICAV - Euro Lower Carbon Government 10+ Year Bond UCITS ETF
IE000JFE68P7
SC
NO
HSBC Global Funds ICAV - Euro Lower Carbon Government 10+ Year Bond UCITS ETF
IE000A2623Y9
AC
NO
HSBC Global Funds ICAV - Euro Lower Carbon Government 1-3 Year Bond UCITS ETF
IE0007ALDAT4
SCHCHF
NO
HSBC Global Funds ICAV - Euro Lower Carbon Government 1-3 Year Bond UCITS ETF
IE000WU4DEM9
SC
NO
HSBC Global Funds ICAV - Euro Lower Carbon Government 1-3 Year Bond UCITS ETF
IE000R8B5GD4
AC
NO
HSBC Global Funds ICAV - Global Aggregate Bond ESG UCITS ETF
IE000MLDJ6D6
XCHEUR
NO
HSBC Global Funds ICAV - Global Aggregate Bond ESG UCITS ETF
IE000L5V7MP4
S6CHCHF
NO
HSBC Global Funds ICAV - Global Aggregate Bond UCITS ETF
IE00BJXS6M75
HCHKD (HUSD)
NO
HSBC Global Funds ICAV - Global Aggregate Bond UCITS ETF
IE00BF0Q3D68
ACH
NO
HSBC Global Funds ICAV - Global Aggregate Bond UCITS ETF
IE000KK4WM10
S6CHCHF
NO
HSBC Global Funds ICAV - Global Corporate Bond UCITS ETF
IE00BJXS6N82
HCH
NO
HSBC Global Funds ICAV - Global Corporate Bond UCITS ETF
IE00BJXS6P07
HCHKD (HUSD)
NO
HSBC Global Funds ICAV - Global Corporate Bond UCITS ETF
IE000CH7EYG1
XCHEUR
NO
HSBC Global Funds ICAV - Global Corporate Bond UCITS ETF
IE00BL0BM692
ZQ1HJPY
NO
HSBC Global Funds ICAV - Global Corporate Bond UCITS ETF
IE00BMQ5F416
ZM1HJPY
NO
HSBC Global Funds ICAV - Global Corporate Bond UCITS ETF
IE000S5VHT68
SCHCHF
NO
HSBC Global Funds ICAV - Global Corporate Bond UCITS ETF
IE000DZG6F14
ZQFIX8.5HJPY
NO
HSBC Global Funds ICAV - Global Emerging Market Government Bond Index Fund
IE00BH4GHJ02
HC
NO
HSBC Global Funds ICAV - Global Emerging Market Government Bond Index Fund
IE00BH4GHK17
HCHKD
NO
HSBC Global Funds ICAV - Global Emerging Market Government Bond Index Fund
IE00BL0BMW58
ZQ1HJPY
NO
HSBC Global Funds ICAV - Global Emerging Market Government Bond Index Fund
IE00BMQ5F630
ZM1HJPY
NO
HSBC Global Funds ICAV - Global Emerging Market Government Bond Index Fund
IE000JYSFHB3
ZQFIX8.5HJPY
NO
HSBC Global Funds ICAV - Global Equity Index Fund
IE00BGN96T65
ZC
NO
HSBC Global Funds ICAV - Global Equity Index Fund
IE00BGNBPY04
BC
NO
HSBC Global Funds ICAV - Global Equity Index Fund
IE00BJLML261
HCHKD
NO
HSBC GLOBAL FUNDS ICAV - GLOBAL ESG GOVERNMENT BOND UCITS ETF
IE000RWOCAZ0
XCHEUR
NO
HSBC GLOBAL FUNDS ICAV - GLOBAL ESG GOVERNMENT BOND UCITS ETF
IE00049W2VK7
SCHCHF
NO
HSBC GLOBAL FUNDS ICAV - GLOBAL ESG GOVERNMENT BOND UCITS ETF
IE000MIM86H7
ZQHCHF
YES
HSBC Global Funds ICAV - Global Government Bond UCITS ETF
IE00BL0BM700
ZQ1HJPY
NO
HSBC Global Funds ICAV - Global Government Bond UCITS ETF
IE00BLGYBK92
ZCHHKD
NO
HSBC Global Funds ICAV - Global Government Bond UCITS ETF
IE000GH11407
XCHEUR
NO
HSBC Global Funds ICAV - Global Government Bond UCITS ETF
IE000N2XUA64
WCHKD
NO
HSBC Global Funds ICAV - Global Government Bond UCITS ETF
IE00BMQ5F523
ZM1HJPY
NO
HSBC Global Funds ICAV - Global Government Bond UCITS ETF
IE000QL3QEM2
ETFCHEUR
NO
HSBC Global Funds ICAV - Global Government Bond UCITS ETF
IE000MWV1H63
ZQFIX8.5HJPY
NO
HSBC Global Funds ICAV - Global Sukuk UCITS ETF
IE000I865OW2
AQ
NO
HSBC Global Funds ICAV - Global Transition Resources Equity Fund
IE000WNXMAP0
ACHEUR
NO
HSBC Global Funds ICAV - Global Transition Resources Equity Fund
IE000EF3K119
ACHGBP
NO
HSBC Global Funds ICAV - Global Transition Resources Equity Fund
IE000C9DBWB0
ACHHKD
NO
HSBC Global Funds ICAV - Global Transition Resources Equity Fund
IE0009ACT1I6
AC
NO
HSBC GLOBAL FUNDS ICAV - HSBC MSCI EMERGING MARKETS SMALL CAP SCREENED FUND
IE000MHWH4A2
XC
NO
HSBC GLOBAL FUNDS ICAV - HSBC MSCI EMERGING MARKETS SMALL CAP SCREENED FUND
IE000A0WNSG3
S1CGBP
NO
HSBC GLOBAL FUNDS ICAV - HSBC MSCI EMERGING MARKETS SMALL CAP SCREENED FUND
IE000VYTWY88
S1DGBP
NO
HSBC GLOBAL FUNDS ICAV - HSBC MSCI EMERGING MARKETS SMALL CAP SCREENED FUND
IE0006N67QR9
XCGBP
NO
HSBC GLOBAL FUNDS ICAV - HSBC MSCI EMERGING MARKETS SMALL CAP SCREENED FUND
IE000PZUQIL7
XDGBP
NO
HSBC GLOBAL FUNDS ICAV - HSBC MSCI EMERGING MARKETS VALUE SCREENED FUND
IE000U81YDK1
XC
NO
HSBC GLOBAL FUNDS ICAV - HSBC MSCI EMERGING MARKETS VALUE SCREENED FUND
IE000CVG6720
S1CGBP
NO
HSBC GLOBAL FUNDS ICAV - HSBC MSCI EMERGING MARKETS VALUE SCREENED FUND
IE000LQYISI9
S1DGBP
NO
HSBC GLOBAL FUNDS ICAV - HSBC MSCI EMERGING MARKETS VALUE SCREENED FUND
IE000OE2LAL6
XCGBP
NO
HSBC GLOBAL FUNDS ICAV - HSBC MSCI EMERGING MARKETS VALUE SCREENED FUND
IE0002TJJLA3
XDGBP
NO
HSBC Global Funds ICAV - HSBC MSCI World Fund
IE000YJVEGZ1
SC
NO
HSBC Global Funds ICAV - HSBC MSCI World Fund
IE0004SOX6Z4
SD
NO
HSBC Global Funds ICAV - HSBC MSCI World Fund
IE000JW3NSV6
SCHCHF
NO
HSBC Global Funds ICAV - HSBC MSCI World Fund
IE000KMPZZ44
ACEUR
NO
HSBC Global Funds ICAV - HSBC MSCI World Fund
IE000T9O7LI9
S6C
NO
HSBC Global Funds ICAV - HSBC MSCI World Fund
IE000AM82245
S6D
NO
HSBC Global Funds ICAV - HSBC MSCI World Fund
IE000A6LI147
S3C
NO
HSBC Global Funds ICAV - HSBC MSCI World Fund
IE000WTR8SS6
S3D
NO
HSBC Global Funds ICAV - Multi Factor US Equity Fund
IE000L0O3NR1
AC
NO
HSBC Global Funds ICAV - Multi Thematic Equity Fund
IE000RUP2AY1
AC
NO
HSBC Global Funds ICAV - Multi-Factor EMU Equity Fund
IE00BN0T3979
ZC
NO
HSBC Global Funds ICAV - Multi-Factor EMU Equity Fund
IE000W1OUET0
ZQFIX8.5HJPY
NO
HSBC Global Funds ICAV - Multi-Factor EMU Equity Fund
IE000ADS74X3
ZQ1HJPY
NO
HSBC Global Funds ICAV - Shariah Multi Asset Fund
IE000VHCH4V1
AM
NO
HSBC Global Funds ICAV - Shariah Multi Asset Fund
A share classes not sold in UK as bundled
AC
NO
HSBC Global Funds ICAV - Sustainable Development Bank Bonds UCITS ETF
IE000MNKMLN0
SCHCHF
NO
HSBC Global Funds ICAV - Sustainable Development Bank Bonds UCITS ETF
IE0008BHR5J2
ZSHCHF
NO
HSBC Global Funds ICAV - Sustainable Development Bank Bonds UCITS ETF
IE000S9GVI68
ZS1HCHF
YES
HSBC Global Funds ICAV - Sustainable Development Bank Bonds UCITS ETF
IE0002XHLRA2
ZCHCHF
NO
HSBC Global Funds ICAV - US Corporate Bond UCITS ETF
IE00040G5NI0
XCHCHF
NO
HSBC Global Funds ICAV - US Corporate Bond UCITS ETF
IE00040UL011
ZQFIX8.5HJPY
NO
HSBC Global Funds ICAV - US Corporate Bond UCITS ETF
IE000NWJRRD8
XCHEUR
NO
HSBC Global Funds ICAV - US Corporate Bond UCITS ETF
IE00032NJHS4
ACHEUR
NO
HSBC Global Funds ICAV - US Equity Index Fund
IE00BGN96X02
ZC
NO
HSBC Global Funds ICAV - US Equity Index Fund
IE00BGNBPW89
BC
NO
HSBC Global Funds ICAV - US Equity Index Fund
IE00BK4W5M84
HCHKD
NO
HSBC Global Funds ICAV - US Equity Index Fund
IE00BJBYL440
ACEUR
NO
HSBC Global Funds ICAV - US Equity Index Fund
IE00BK4W5L77
HC
NO

 

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