MSIC L—Financial and Insurance/Takaful Activities

Where L sits

1. L Financial and Insurance/Takaful Activities

Contains 3 narrower codes

• 64 Financial service activities, except insurance and pension funding
• 65 Insurance, reinsurance and pension funding, except compulsory social security
• 66 Activities auxiliary to financial service and insurance activities

What L includes

• This section includes financial service activities, insurance/takaful activities and financial auxiliary activities, regardless of the technologies used to conduct these activities or support services.
• Three principal types of activities are classified in this section: raising, obtaining and providing funding in division 64, pooling of risk by underwriting insurance/takaful and annuities in division 65 and providing specialized services facilitating or supporting financial or insurance/takaful service activities in division 66.
• This section also includes activities of holding assets, such as activities of holding companies and financing conduits and the activities of trusts, funds and similar financial entities (in division 64) , as well as the activities of reinsurance/retakaful and pension funds (in division 65) .

What L excludes

• This section excludes support activities to financial services but not financial in nature (e.g. IT services supporting banking activities) .

L in other systems