SSIC Sub-class 64201 – Holding companies of firms engaged in financial and insurance activities

Companies in this sub-class are holding companies whose subsidiaries carry out financial or insurance activities. The holding company owns the group, but does not run or give services to the businesses it owns.

The sub-class also covers financing conduits, which a financial group sets up to raise or borrow money and pass it to the parent or another group company. Head offices that actively manage group companies are classified elsewhere.