SBI 64.21—Activities of holding companies

Where 64.21 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

Contains 1 narrower code

• 64.21.0 Activities of holding companies

What 64.21 includes

• This class 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 class 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 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 in other systems