KBLI 64210—Parent Company Activities

Where 64210 sits

1. L Financial and Insurance Activities
2. 64 Financial Services Activities, Except Insurance and Pension Funds
3. 642 Parent Company Activities and Conduit Financing
4. 6421 Parent Company Activities
5. 64210 Parent Company Activities

What 64210 includes

• The activities of holding companies. For example, a unit that holds the assets (owns and manages the equity level) of one or more subsidiaries and is solely responsible as the owner of the subsidiaries. The holding company in this group does not provide other services to the companies whose equity is held by the parent company, for example, the parent company does not regulate and manage other units. This holding company may perform activities such as controlling, financial consolidation, and responsibility for the activities of each subsidiary, but not active management activities of the subsidiary, for example, the holding company of a financial conglomerate.

What 64210 excludes

• Transacting in financial markets with the parent company's own account, see class 6499;
• Asset management activities on a fee or contract basis, see class 6630;
• Provision of managerial services, for example strategic planning, decision making, and head office administration services, see class 7010;
• Active management of companies and corporate units, strategic planning, and decision making of companies, see class 7010.

64210 in other systems