MSIC 6619—Other activities auxiliary to financial service activities, except insurance/takaful and pension funding

Where 6619 sits

1. L Financial and Insurance/Takaful Activities
2. 66 Activities auxiliary to financial service and insurance activities
3. 661 Activities auxiliary to financial services, except insurance and pension funding
4. 6619 Other activities auxiliary to financial service activities, except insurance/takaful and pension funding

Contains 4 narrower codes

• 66191 Investment advisory services
• 66192 Financial consultancy services
• 66193 Activities of transaction/ payment processing services (online payment)
• 66199 Activities auxiliary to finance n.e.c.

What 6619 includes

• Financial transaction processing and settlement activities, including digital (or internet based) payment provision and settlement activities for credit card transactions
• Investment advisory services including robo-advisory services
• Activities of mortgage and loan advisors
• Activities of digital currency wallet providers
• Activities of financial advisors in relation to mergers and acquisition services
• Validation and mining for crypto assets deemed financial assets
• Securities custody
• Tokenisation of digital assets including security token offerings (STO) , initial coin offerings (ICO)
• Trustee, fiduciary and custody services on a fee or contract basis
• Activities of tax refund offices
• Consumer credit intermediation
• Activities of payment providers, e.g. electronic funds transfer services, including peer-to-peer payment services
• Analysing financial markets as an advisory service

6619 in other systems