State Street Global Advisors Limited Complaints Handling
State Street Global Advisors Limited (SSGAL) and State Street Global Advisors Europe Limited (SSGAEL) are committed to handling any complaint fairly, impartially and expediently. Complaints can be submitted free of charge.
What is a Complaint
A complaint is defined as any oral or written expression of dissatisfaction or grievance communicated by, or on behalf of, a client or potential client, about the provision of, or failure to provide, a financial service which alleges that the complainant has suffered financial loss, material distress or inconvenience.
To ensure concerns or complaints are handled in the most effective manner possible and in accordance with relevant regulatory requirements, you can register a complaint in a number of ways, as detailed below.
Further steps are available to the complainant if you do not receive a response or are dissatisfied with the response received, as detailed below:
Alternatively, you can directly contact your dedicated Client Relationship Manager who will review, and where necessary, escalate such a complaint to the Business Unit Complaints Supervisor or Delegate.
Step 2: Complaints Handling – what to expect Acknowledgement
Within 5 business days after the submission of the complaint you should receive an acknowledgement of receipt of your complaint.
For Ireland Complainants, in the event you have not received a response within the 5 business days, please escalate your complaint to the SSGAEL compliance team at: GADublinCompliance@StateStreet.com.
For State Street Global Advisors Limited clients:
Final Response or Escalation – State Street Global Advisors Limited
Within 8 weeks after the submission of your complaint, you should have received a final written response or an indication of when a final response can be expected.
If you are an Eligible Complainant (defined below) and 8 weeks has passed since the submission of a complaint and you have not received a final response, or you are not satisfied with the response, you may escalate your complaint to the UK’s Financial Ombudsmen Service (FOS).
Eligible Complainants – State Street Global Advisors Limited
An eligible complainant is: a consumer who is a natural person acting for purposes outside of their trade, business or profession; certain micro-enterprises; certain small charities; a trustee of a small trust or a Consumer Buy to Let (CBTL) consumer; who, in any case, is not categorized as a professional client or eligible counterparty. SSGAL will advise you if are an Eligible Complainant who can refer to the FOS.
Eligible complainants are permitted to submit complaints to the FOS from eight weeks after the submission of a complaint up to 6 months from the date of receipt of a final response from SSGAL (if no final response received, it will be six months from the last response from SSGAL).
Complaints can only be submitted no later than 6 years of the complaint event occurring or, if later, 3 years from when the complainant knew they had cause to complain.
Details of the Financial Ombudsmen Service contact details:
For State Street Global Advisors Europe Limited clients:
Final Response or Escalation – State Street Global Advisors Europe Limited
Within 40 business days after the submission of your complaint, you should receive a final written response or an indication of when a final response can be expected.
If 40 business days have passed since the submission of a complaint and you have not received a final response or indication of when you will receive a final response; or if you are not satisfied with the response, you should escalate your complaint to the compliance team at GADublinCompliance@StateStreet.com
If you are an Eligible Complainant (as defined below) and 40 business days have passed since the submission of a complaint, and you have not received a final response, or you are not satisfied with the response, you may also escalate this to the Irish Financial Services and Pensions Ombudsman (“FSPO” or the “Ombudsman”).
Eligible Complainants – State Street Global Advisors Europe Limited
The following may submit a Complaint to the Irish Financial Services and Pensions Ombudsman:
A private individual – personal policy/account holder; or
A limited company, a sole trader, a trust, a club, a charity (not being a body corporate) or a partnership with an annual turnover of less than €3,000,000.
Complaints can normally only be submitted no later than 6 years after the event giving rise to the complaint. For long-term products, however, you can make a complaint to the Ombudsman up to 3 years after the complainant knew, or ought reasonably to have become aware, that he/she had cause to complain; or for a longer period where it appears to the Ombudsman that there are reasonable grounds for a longer period and that it would be just and equitable in the circumstances to extend the time limit. A long-term product is a financial product with a minimum term of 5 years and 1 month.
Contact details for the Irish Financial Services and Pensions Ombudsman:
SPDR ETF is the exchange traded funds ("ETF") platform of State Street Global Advisors and is comprised of funds that have been authorised by European regulatory authorities as open-ended UCITS investment companies. SPDR ETFs may not be available or suitable for you.
ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns.
Changes in exchange rates may have an adverse effect on the value, price or income of an investment. Further, there is no guarantee an ETF will achieve its investment objective.
SHARES IN THE FUNDS OF THE SPDR® ETF SICAV, SSGA SPDR ETFS EUROPE I AND SSGA SPDR ETFS EUROPE II PLC MAY NOT BE AVAILABLE FOR OR SUITABLE FOR YOU. THE VIEWS EXPRESSED IN THIS SITE DO NOT CONSTITUTE INVESTMENT ADVICE. INDEPENDENT ADVICE SHOULD BE SOUGHT IN CASES OF DOUBT. NEITHER THE INFORMATION NOR ANY OPINION CONTAINED ON THIS SITE CONSTITUTES A SOLICITATION OR OFFER TO BUY OR SELL SHARES OF THE FUNDS OR ANY OTHER FINANCIAL INSTRUMENT.
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SPDR ETFs may be offered and sold only in those jurisdictions where authorised, in compliance with applicable regulations.
Information related to Mexico
This information does not constitute and is not intended to constitute marketing or an offer of securities and accordingly should not be construed as such. The Funds referenced herein have not been, and will not be, registered under the Mexican Securities Market Law (Ley del Mercado de Valores) and may not be publicly offered or sold in the United Mexican States. Disclosure documentation related to any of the aforementioned Funds may not be distributed publicly in Mexico and shares of the Funds may not be traded in Mexico.
You should obtain and read a prospectus and KIID relating to the SPDR ETFs prior to investing. Further information and the prospectus/KIID describing the characteristics, costs and risks of SPDR ETFs are available for residents of countries where SPDR ETFs are authorised for sale on the SPDRs website and from your local SSGA office.