NIC 643302 - Activities of companies holding financial assets for individuals and families (family trusts), home office
NIC 643302 classifies activities of companies holding financial assets for individuals and families (family trusts), home office as a final six-digit financial service activity under Section L and Division 64. Use it...
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Official note
Class 6433 note from source layer
This class includes legal entities, not acting as collective investment schemes, organised to pool securities, estates and other financial assets, without managing, on behalf of shareholders or beneficiaries. The portfolios are customised to achieve specific investment characteristics, e.g. diversification, risk, rate of return and price volatility. These entities earn interest, dividends and other property income, but have little or no employment and no revenue from the sale of services. This class excludes: - raising funds by issuing shares or units and acting as collective investment schemes, see 6431 and 6432 - carrying out securitisation transactions by issuing of financial instrument, see 6494 - trust, estate and agency accounts, that earn revenue from the sale of goods or services, see ISIC class according to their principal activity