SBI 64.21.0—Activities of holding companies

Where 64.21.0 sits

1. L Financial and insurance activities
2. 64 Financial service activities, except insurance and pension funding
3. 64.2 Activities of holding companies and financing conduits
4. 64.21 Activities of holding companies
5. 64.21.0 Activities of holding companies

What 64.21.0 includes

• This subclass comprises holdings, i.e. entities that hold the assets of one or more subsidiaries (possess a majority interest) and whose sole function is the ownership of the subsidiaries. The holdings in this subclass do not provide other services to the enterprises in which they hold a capital interest, i.e. they do not manage or control other entities.

What 64.21.0 excludes

• Shareholder companies that do not possess a majority interest, 6432
• Trading in financial markets for own account, 6499
• Asset management, performed for a fixed fee or on a contract basis, 6630
• Provision of management services, e.g. strategic planning, decision-making and administrative services to a head office, 7010
• Active management of enterprises, strategic planning and decision-making related to the business, 7010

64.21.0 in other systems