SSIC 64201—Holding companies of firms engaged in financial and insurance activities

Where 64201 sits

1. L Financial and insurance activities
2. 64 Financial service activities (except insurance and pension funding)
3. 642 Activities of holding companies
4. 6420 Activities of Holding Companies
5. 64201 Holding companies of firms engaged in financial and insurance activities

What 64201 includes

• This sub-class includes the holding companies of firms engaged in financial and/or insurance activities, i.e., units that hold the assets (owning controlling-levels of equity) of a group of subsidiary corporations and whose principal activity is owning the group. The holding companies in this sub-class generally do not provide any other service to the businesses in which the equity is held, i.e., they do not administer or manage other units and have little or no employment and revenue from the sale of goods and services. This sub-class also includes the activities of financing conduits where units are created by a financial group to raise or borrow funds (often on the open market) and to remit those funds to their parent or another entity within the group.

What 64201 excludes

• Holding companies of firms engaged in non-finance and insurance activities (e.g., real estate, construction, production, distribution, etc.), see 64202
• Personal investment holding companies, units for holding and managing wealth of individuals and families, see 64300
• Securitisation companies, see 64999
• Activities of asset management on a fee or contract basis, see 6630
• Active management of companies and enterprises, strategic planning and decision making of the company, see 70101

64201 in other systems