NYSE Files Form 25 Notification for HSBC Listing Removal

Rhea-AI Filing Summary

New York Stock Exchange filed a Form 25 to remove the class of securities of HSBC Holdings PLC from listing and/or registration under Section 12(b) of the Securities Exchange Act of 1934. The filing lists HSBC's principal office at 8 Canada Square, London, and cites compliance with the Exchange's rule provisions under 17 CFR 240.12d2-2 and related procedures. The form references an attached notice for compliance with 17 CFR 240.19d-1. The signature block on the filing form appears in the document template but contains no filled name, date, or title.

Positive

• None.

Negative

• Form 25 notification that HSBC securities are being removed from listing/registration on the NYSE
• Filing text does not state the effective date, the reason for removal, or which specific class of securities is affected
• Signature, name, date, and title fields in the provided filing text are not populated

Insights

Financial Analyst

TL;DR: NYSE submitted a Form 25 to remove HSBC securities from listing; the filing states procedural compliance but gives no reason or effective date.

The filing is procedural: it notifies the SEC that the Exchange is striking a class of HSBC securities from listing/registration and cites specific rule sections relied upon. The document provides issuer contact details and references an attached Notice for compliance with listing withdrawal procedures. Material details that investors typically need—such as the reason for removal, the effective date, and which class of securities is affected—are not stated in this text.

Corporate Governance Expert

TL;DR: Form 25 indicates a listing withdrawal action and claims regulatory compliance, but the filing text lacks critical transactional details and signatures.

From a governance perspective the form documents the Exchange's assertion of procedural compliance under 17 CFR provisions and references an attached notice. The visible form fields for the authorized signatory, date, and title are not populated in the provided content, limiting verification of authorization. The filing does not disclose whether the withdrawal is voluntary or involuntary, nor does it include supporting rationale.

UNITED STATES

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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 25

NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION
UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934.

Commission File Number

001-14930

Issuer:	HSBC HOLDINGS PLC
Exchange:	NEW YORK STOCK EXCHANGE LLC

(Exact name of Issuer as specified in its charter, and name of Exchange where security is listed and/or registered)

Address:	8 CANADA SQUARE
	LONDON
Telephone number:					44-207-991-2652

(Address, including zip code, and telephone number, including area code, of Issuer's principal executive offices)

4.250% Subordinated Notes Due 2025

(Description of class of securities)

Please place an X in the box to designate the rule provision relied upon to strike the class of securities from listing and registration:

17 CFR 240.12d2-2(a)(1)

17 CFR 240.12d2-2(a)(2)

17 CFR 240.12d2-2(a)(3)

17 CFR 240.12d2-2(a)(4)

Pursuant to 17 CFR 240.12d2-2(b), the Exchange has complied with its rules to strike the class of securities from listing and/or withdraw registration on the Exchange. ¹

Pursuant to 17 CFR 240.12d2-2(c), the Issuer has complied with its rules of the Exchange and the requirements of 17 CFR 240.12d-2(c) governing the voluntary withdrawal of the class of securities from listing and registration on the Exchange.

Pursuant to the requirements fo the Securities Exchange Act of 1934, NEW YORK STOCK EXCHANGE LLC certifies that it has reasonable grounds to believe that it meets all of the requirements for filing the Form 25 and has caused this notification to be signed on its behalf by the undersigned duly authorized person.

2025-08-18	By	Anthony Sozzi		Analyst, Market Watch
Date		Name		Title

¹ Form 25 and attached Notice will be considered compliance with the provisions of 17 CFR 240.19d-1 as applicable. See General Instructions.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What does the Form 25 filed for HSBC (HSBC) state?

The Form 25 notifies the SEC that the New York Stock Exchange is striking a class of HSBC Holdings PLC securities from listing and/or registration under Section 12(b) of the Exchange Act and cites compliance with 17 CFR 240.12d2-2.

Does the filing explain why HSBC securities are being removed from the NYSE?

No. The provided filing text does not state the reason for the removal.

Is an effective date for the removal included in the document?

No. The provided content does not include an effective date for the removal.

Does the filing indicate whether HSBC consented to the withdrawal?

The filing text includes the provision stating that pursuant to 17 CFR 240.12d2-2(c) the issuer has complied with Exchange rules governing voluntary withdrawal, but the document does not explicitly state the issuer's express consent or provide supporting details.

Where can I find more details about the listed removal action?

The form references an attached Notice to satisfy 17 CFR 240.19d-1 compliance; that attached Notice and the complete Form 25 filing on the SEC EDGAR system should contain further details if available.