High Quality Translucency Reflections not working in 5.3.1

Hi. I have noticed that High Quality Translucency Reflections is not working in Unreal 5.3.1.

Did you find an answer? I opened a 5.2 project in 5.3.1 and now toggling on/off High Quality Translucency Reflections does nothing, whereas in 5.2 you could see the difference.