NAF 64.3—Activities of trusts, funds and similar financial entities

Where 64.3 sits

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

Contains 2 narrower codes

• 64.31 The activities of investment funds on the market, monetary or non-monetary
• 64.32 Trust activities, accounts and heritage agency

What 64.3 includes

• This group includes the legal entities organized to pool securities or other financial assets, without managing or administering, on behalf of shareholders or beneficiaries.The portfolios are customized to achieve the characteristics of specific investment (for example, diversification, risk, rate of return, volatility in the price). These entities receive interest, dividends and other property income, but have little or no employees and do not derive any income from the sale of services.

What 64.3 excludes

• Transactions of securitization through the issuance of financial instruments, see 64.92Y
• The securitization of assets, other than loans through the issuance of financial instruments, see 64.99Y
• The accounts of the trust, estate, and agency, which derive their income from the sale of goods or services, to see which classes NAF relevant according to their main activity

64.3 in other systems