Detailed structure and explanatory notes 217 642 Activities of holding companies See class 6420. 6420 Activities of holding companies This class includes the activities of holding companies, i.e. units that hold the assets (own- ing controlling-levels of equity) of a group of subsidiary corporations and whose principal activity is owning the group. The holding companies in this class do not provide any other service to the businesses in which the equity is held, i.e. they do not administer or man- age other units. This class excludes: active management of companies and enterprises, strategic planning and decision mak- — — ing of the company, see 7010 643 Trusts, funds and similar financial entities See class 6430. 6430 Trusts, funds and similar financial entities This class includes legal entities organized to pool securities or other financial assets, with- out managing, on behalf of shareholders or beneficiaries. The portfolios are customized to achieve specific investment characteristics, such as 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 includes: open-end investment funds — — closed-end investment funds — — trusts, estates or agency accounts, administered on behalf of the beneficiaries under — — the terms of a trust agreement, will or agency agreement unit investment trust funds — — This class excludes: funds and trusts that earn revenue from the sale of goods or services, see ISIC class accord- — — ing to their principal activity activities of holding companies, see 6420 — — pension funding, see 6530 — — management of funds, see 6630 — — 649 Other financial service activities, except insurance and pension funding activi- ties This group includes financial service activities other than those conducted by monetary institutions. This group excludes: insurance and pension funding activities, see division 65 — — 6491 Financial leasing This class includes:
International Standard Industrial Classification of All Economic Activities (ISIC), Revision 4 218 leasing where the term approximately covers the expected life of the asset and the — — lessee acquires substantially all the benefits of its use and takes all the risks associated with its ownership. The ownership of the asset may or may not eventually be trans- ferred. Such leases cover all or virtually all costs including interest. This class excludes: operational leasing, see division 77, according to type of goods leased — — 6492 Other credit granting This class includes: financial service activities primarily concerned with making loans by institutions not — — involved in monetary intermediation, where the granting of credit can take a variety of forms, such as loans, mortgages, credit cards etc., providing the following types of services: granting of consumer credit international trade financing provision of long-term finance to industry by industrial banks money lending outside the banking system credit granting for house purchase by specialized non-depository institutions pawnshops and pawnbrokers This class excludes: credit granting for house purchase by specialized institutions that also take deposits, see — — 6419 operational leasing, see division 77, according to type of goods leased — — grant-giving activities by membership organizations, see 9499 — — 6499 Other financial service activities, except insurance and pension funding activi- ties, n.e.c. This class includes: other financial service activities primarily concerned with distributing funds other than — — by making loans: factoring activities writing of swaps, options and other hedging arrangements activities of viatical settlement companies own-account investment activities, such as by venture capital companies, investment — — clubs etc. This class excludes: financial leasing, see 6491 — — security dealing on behalf of others, see 6612 — — trade, leasing and renting of real estate property, see division 68 — — bill collection without debt buying up, see 8291 — — grant-giving activities by membership organizations, see 9499 — — 65 Insurance, reinsurance and pension funding, except compulsory social security This division includes the underwriting annuities and insurance policies and investing premiums to build up a portfolio of financial assets to be used against future claims. Pro- vision of direct insurance and reinsurance are included.
Detailed structure and explanatory notes 219 651 Insurance This group includes life insurance and life reinsurance with or without a substantial sav- ings element and other non-life insurance. 6511 Life insurance This class includes: underwriting annuities and life insurance policies, disability income insurance policies, — — and accidental death and dismemberment insurance policies (with or without a sub- stantial savings element). 6512 Non-life insurance This class includes: provision of insurance services other than life insurance: — — accident and fire insurance health insurance travel insurance property insurance motor, marine, aviation and transport insurance pecuniary loss and liability insurance 652 Reinsurance See class 6520. 6520 Reinsurance This class includes: activities of assuming all or part of the risk associated with existing insurance policies — — originally underwritten by other insurance carriers 653 Pension funding See class 6530. 6530 Pension funding This class includes legal entities (i.e. funds, plans and/or programmes) organized to pro- vide retirement income benefits exclusively for the sponsor’s employees or members. This includes pension plans with defined benefits, as well as individual plans where benefits are simply defined through the member’s contribution. This class includes: employee benefit plans — — pension funds and plans — — retirement plans — — This class excludes: management of pension funds, see 6630 — — compulsory social security schemes, see 8430 — —
International Standard Industrial Classification of All Economic Activities (ISIC), Revision 4 220 66 Activities auxiliary to financial service and insurance activities This division includes the provision of services involved in or closely related to financial service activities, but not themselves providing financial services. The primary breakdown of this division is according to the type of financial transaction or funding served. 661 Activities auxiliary to financial service activities, except insurance and pension funding This group includes the furnishing of physical or electronic marketplaces for the purpose of facilitating the buying and selling of stocks, stock options, bonds or commodity con- tracts. 6611 Administration of financial markets This class includes: operation and supervision of financial markets other than by public authorities, such — — as: commodity contracts exchanges futures commodity contracts exchanges securities exchanges stock exchanges stock or commodity options exchanges 6612 Security and commodity contracts brokerage This class includes: dealing in financial markets on behalf of others (e.g. stock broking) and related activi- — — ties securities brokerage — — commodity contracts brokerage — — activities of bureaux de change etc. — — This class excludes: dealing in markets on own account, see 6499 — — portfolio management, on a fee or contract basis, see 6630 — — 6619 Other activities auxiliary to financial service activities This class includes activities auxiliary to financial service activities not elsewhere classi- fied, such as: financial transaction processing and settlement activities, including for credit card — — transactions investment advisory services — — activities of mortgage advisers and brokers — — This class also includes: trustee, fiduciary and custody services on a fee or contract basis — — This class excludes: activities of insurance agents and brokers, see 6622 — — management of funds, see 6630 — —
Detailed structure and explanatory notes 221 662 Activities auxiliary to insurance and pension funding This group includes acting as agent (i.e. broker) in selling annuities and insurance policies or providing other employee benefits and insurance and pension related services such as claims adjustment and third party administration. 6621 Risk and damage evaluation This class includes the provision of administration services of insurance, such as assessing and settling insurance claims. This class includes: assessing insurance claims — — claims adjusting risk assessing risk and damage evaluation average and loss adjusting settling insurance claims — — This class excludes: appraisal of real estate, see 6820 — — appraisal for other purposes, see 7490 — — investigation activities, see 8030 — — 6622 Activities of insurance agents and brokers This class includes: activities of insurance agents and brokers (insurance intermediaries) in selling, negoti- — — ating or soliciting of annuities and insurance and reinsurance policies 6629 Other activities auxiliary to insurance and pension funding This class includes: activities involved in or closely related to insurance and pension funding (except claims — — adjusting and activities of insurance agents): salvage administration actuarial services This class excludes: marine salvage activities, see 5222 — — 663 Fund management activities See class 6630. 6630 Fund management activities This class includes portfolio and fund management activities on a fee or contract basis, for individuals, businesses and others. This class includes: management of pension funds — — management of mutual funds — — management of other investment funds — —
International Standard Industrial Classification of All Economic Activities (ISIC), Revision 4 222 Section L Real estate activities This section includes acting as lessors, agents and/or brokers in one or more of the following: sell- ing or buying real estate, renting real estate, providing other real estate services such as apprais- ing real estate or acting as real estate escrow agents. Activities in this section may be carried out on own or leased property and may be done on a fee or contract basis. Also included is the build- ing of structures, combined with maintaining ownership or leasing of such structures. This section includes real estate property managers. 68 Real estate activities See section L. 681 Real estate activities with own or leased property See class 6810. 6810 Real estate activities with own or leased property This class includes: buying, selling, renting and operating of self-owned or leased real estate, such as: — — apartment buildings and dwellings non-residential buildings, including exhibition halls, self-storage facilities, malls and shopping centers land provision of homes and furnished or unfurnished flats or apartments for more perma- — — nent use, typically on a monthly or annual basis This class also includes: development of building projects for own operation, i.e. for renting of space in these — — buildings subdividing real estate into lots, without land improvement — — operation of residential mobile home sites — — This class excludes: development of building projects for sale, see 4100 — — subdividing and improving of land, see 4290 — — operation of hotels, suite hotels and similar accommodation, see 5510 — — operation of campgrounds, trailer parks and similar accommodation, see 5520 — — operation of workers hostels, rooming houses and similar accommodation, see 5590 — — 682 Real estate activities on a fee or contract basis See class 6820. 6820 Real estate activities on a fee or contract basis This class includes the provision of real estate activities on a fee or contract basis includ- ing real estate related services. This class includes: activities of real estate agents and brokers — —
Detailed structure and explanatory notes 223 intermediation in buying, selling and renting of real estate on a fee or contract basis — — management of real estate on a fee or contract basis — — appraisal services for real estate — — activities of real estate escrow agents — — This class excludes: legal activities, see 6910 — — facilities support services, see 8110 — — management of facilities, such as military bases, prisons and other facilities (except com- — — puter facilities management), see 8110 Section M Professional, scientific and technical activities This section includes specialized professional, scientific and technical activities. These activities require a high degree of training, and make specialized knowledge and skills available to users. 69 Legal and accounting activities This division includes legal representation of one party’s interest against another party, whether or not before courts or other judicial bodies by, or under supervision of, persons who are members of the bar, such as advice and representation in civil cases, advice and representation in criminal actions, advice and representation in connection with labour disputes. It also includes preparation of legal documents such as articles of incorporation, partnership agreements or similar documents in connection with company formation, patents and copyrights, preparation of deeds, wills, trusts, etc. as well as other activities of notaries public, civil law notaries, bailiffs, arbitrators, examiners and referees. It also includes accounting and bookkeeping services such as auditing of accounting records, preparing financial statements and bookkeeping. 691 Legal activities See class 6910. 6910 Legal activities This class includes: legal representation of one party’s interest against another party, whether or not — — before courts or other judicial bodies by, or under supervision of, persons who are members of the bar: advice and representation in civil cases advice and representation in criminal cases advice and representation in connection with labour disputes general counselling and advising, preparation of legal documents: — — articles of incorporation, partnership agreements or similar documents in connec- tion with company formation patents and copyrights preparation of deeds, wills, trusts etc. other activities of notaries public, civil law notaries, bailiffs, arbitrators, examiners and — — referees This class excludes: law court activities, see 8423 — —