NIC 6433—Activities of trust, estate and agency accounts

Where 6433 sits

1. L Financial and insurance activities
2. 64 Financial service activities, except insurance and pension funding
3. 643 Activities of trusts, funds and similar financial entities
4. 6433 Activities of trust, estate and agency accounts

Contains 5 narrower codes

• 643301 Trusts (other than family Trusts), estates or agency accounts, administered on behalf of the beneficiaries under the terms of a trust agreement, will or agency agreement
• 643302 Activities of companies holding financial assets for individuals and families (family trusts), home office
• 643303 Activities of shareholding companies, not owning controlling levels of equity
• 643304 Venture companies where the only financing is by shares and no fee is received
• 643399 Activities of other trust, estate and agency accounts n.e.c.

What 6433 includes

• 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.

What 6433 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

6433 in other systems