NACE-BEL 64.3—Activities of trusts, funds and similar financial entities

Where 64.3 sits

1. L Financial and insurance activities
2. 64 Financial service activities, except insurance and pension funding
3. 64.3 Activities of trusts, funds and similar financial entities

Contains 2 narrower codes

• 64.31 Activities of money market and non-money market investments funds
• 64.32 Activities of trust, estate and agency accounts

What 64.3 includes

• This group includes legal entities organized to pool securities or other financial assets, without managing or administering them, on behalf of shareholders or beneficiaries. The portfolios are designed to achieve specific investment characteristics (e.g., diversification, risk, rate of return, price volatility). These entities receive interest, dividends, and other income from assets, but they have few or no employees and derive no income from the sale of services.

What 64.3 excludes

• The activities of entities that derive their income from the sale of goods or services. These types of entities are therefore classified according to their principal activity in other parts of the NACE (such as Division 66 for fund management, Division 68 for the rental and operation of real estate, or Division 77 for the leasing and hire-purchase of ships or aircraft).
• The execution of securitization transactions through the issuance of financial instruments, see 64.92
• Securitization transactions of assets other than loans through the issuance of financial instruments, see 64.99
• Trust, estate, and agency accounts, which derive their income from the sale of goods or services, see the corresponding NACE subclasses according to their principal activity

64.3 in other systems