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Shareholder Rights Directive II

The revised Shareholder Rights Directive (SRD II) is a European Union (EU) directive aimed at promoting effective stewardship and long-term investment decision making with respect to listed companies in Europe. SRD II updates the Shareholder Rights Directive (SRD I), which entered into force in 2007.

Overview

SRD II seeks to promote shareholder engagement and is part of a series of EU- wide measures intended to improve stewardship and corporate governance.

The Directive aims to encourage effective stewardship, in part, by improving transparency about how stewardship is exercised across the institutional investment community. Underpinning it is an assumption that greater transparency will make effective stewardship a differentiating factor across firms, and that this will encourage higher standards.

Among other things, the Directive imposes requirements on asset owners and asset managers to develop and publicly disclose (on a comply or explain basis) an engagement policy. It also requires them to disclose annually how this policy has been implemented.

The links below will take you to the engagement policies of Global Private Banking businesses in the EU. Please note that the below policies are applicable to HSBC’s Global Private Banking business. For other lines of business within HSBC please refer to the disclosures on their respective websites.

Engagement policies

GPB BUSINESS
ENGAGEMENT POLICY
HSBC UK Bank plc, Private Banking
Engagement policy of HSBC UK Bank plc, Private Banking (206KB, PDF)
HSBC Private Bank Luxembourg SA
Engagement policy of HSBC Private Bank Luxembourg SA (120KB, PDF)
HSBC Private Bank France www.privatebank.hsbc.fr

Engagement policies

GPB BUSINESS
HSBC UK Bank plc, Private Banking
ENGAGEMENT POLICY Engagement policy of HSBC UK Bank plc, Private Banking (206KB, PDF)
GPB BUSINESS
HSBC Private Bank Luxembourg SA
ENGAGEMENT POLICY Engagement policy of HSBC Private Bank Luxembourg SA (120KB, PDF)
GPB BUSINESS
HSBC Private Bank France
ENGAGEMENT POLICY www.privatebank.hsbc.fr
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