WZ 70.10.1—Management activities of holding companies with predominantly financial shareholdings

Where 70.10.1 sits

1. N Professional, scientific and technical activities
2. 70 Activities of head offices and management consultancy
3. 70.1 Activities of head offices
4. 70.10 Activities of head offices
5. 70.10.1 Management activities of holding companies with predominantly financial shareholdings

What 70.10.1 includes

• This subclass encompasses the management of companies within a holding company whose equity interests consist predominantly of financial corporations. If a holding company's equity interests comprise a mix of non-financial and financial subsidiaries, it is considered a holding company with predominantly financial equity interests if the majority of the value creation is generated by the financial subsidiaries. These entities oversee and manage other units of the company or group; that is, they act as a central hub, assume the strategic or organizational planning and decision-making functions of the company or group, exercise operational control, and manage the day-to-day business of their affiliated units. These activities are the same regardless of the activities of the managed units (financing, production, trading, etc.).
• Central administrative offices
• Group offices
• District and regional offices
• Subsidiary administrations

What 70.10.1 excludes

• Activities of holding companies that do not carry out operational activities, see 64.21.0

70.10.1 in other systems