SSIC 64140—Merchant banks

Where 64140 sits

1. L Financial and insurance activities
2. 64 Financial service activities (except insurance and pension funding)
3. 641 Monetary intermediation
4. 6414 Merchant Banks
5. 64140 Merchant banks

What 64140 includes

• This sub-class includes banks that are approved under the Monetary Authority of Singapore (MAS) Act and operate within the Guidelines for Operation of Merchant Banks. Typical activities include corporate finance, underwriting of share and bond issues, mergers and acquisitions, portfolio investment management, consultancy and/or other fee-based activities.

What 64140 excludes

• Banks that carry out retail banking activities, see 64120, 64130
• Credit granting by specialised non-depository institutions, e.g., for house purchases, see 6492

64140 in other systems