WZ 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 encompasses the activities of holding companies that own the assets (controlling majority) of one or more subsidiaries and whose sole purpose is to own subsidiaries ("participating companies"). Holding companies in this subclass do not provide any other services to the companies in which they hold shares; that is, they have no administrative or management function.

What 64.21.0 excludes

• Activities of companies with ownership interests but without controlling interest, see 64.32.0
• Financial market transactions for own account, see 64.99.9
• Asset management activities for remuneration or on a contractual basis, see 66.30.0
• Provision of management services (e.g., strategic planning, decision-making, and administrative services of a head office), see 70.10
• Active management of enterprises, strategic planning, and decision-making of the enterprise, see 70.10

64.21.0 in other systems