Hargreaves27 Jan 2026 16:34
From HL:
If you still hold the shares at the close of market of Thursday 12 February 2026, we’ll automatically transfer them to our global custodian, HSBC, so that we’re still able to offer you a facility to hold and sell the shares on the Australian stock market. The shares will continue to show in your Hargreaves Lansdown portfolio, but as the underlying custodian will be HSBC, or a sub-custodian of HSBC, there will be certain implications you should be aware of:
We’ll only allow sale instructions to be processed and all purchase requests will be rejected.
You’ll be able to sell your shares on the Australian Securities Exchange once they have been successfully transferred into our HSBC Australian Account. This process is likely to take a number of weeks to complete, although we’ll work to ensure the transfer is concluded as quickly as possible. Please note that this is just an estimated timeframe and so, depending on the nature of the transfer it may take longer than usual to complete in some cases. We’ll contact you again once the transfer is complete.
You’ll only be able to sell your shares over the phone by calling our Dealers on 0117 980 9800. Your order will be left to sell ‘at best’ during Australian Market hours. These trades are carried out by our overseas counterparty. The proceeds will be converted into Sterling, subject to the prevailing exchange rate at that time. Full details of our overseas dealing service are available at here.
The following three charges will be applied to a sale:
Our telephone commission of 1% of the consideration, subject to a minimum of £20 and a maximum of £50.
Our overseas counterparty will charge commission of 0.35% of the overall deal, subject to a minimum of AUD200.00, which is currently approximately £101.
HSBC will also charge a transaction fee of £15 per sale.
The shares will be held with our third-party custodian, HSBC, who may in turn hold the shares through a sub-custodian in the home country of the investment. The settlement, legal or regulatory requirements that apply to the shares may differ from those applicable in the UK. Your investment may not benefit from the same protections in the event of the insolvency of the third party that may apply under UK law. A more detailed explanation of these additional risks is provided in section A25 of our terms & conditions, which are available at hl.co.uk/terms-and-conditions.
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