MSIC 6421—Activities of holding companies

Where 6421 sits

1. L Financial and Insurance/Takaful Activities
2. 64 Financial service activities, except insurance and pension funding
3. 642 Activities of holding companies and financing conduits
4. 6421 Activities of holding companies

Contains 1 narrower code

• 64210 Activities of holding companies

What 6421 includes

• The activities of holding companies, i.e. units that hold the assets (owning controlling - levels of equity) of one or more subsidiaries and whose only purpose is owning subsidiaries. The holding companies in this class do not provide any other service to the enterprises in which the equity is held, i.e. they do not administer or manage other units

What 6421 excludes

• Dealing in financial markets on own account, see 64999
• Activities of asset management on a fee or contract basis, 66302
• Provision of managerial services, e.g. strategic planning, decision making and administrative services of a head office, see 70100
• Active management of companies and enterprises, strategic planning and decision making of the company, see 70100

6421 in other systems