|
| SECTION
J |
FINANCIAL
INTERMEDIATION
|
| 65
|
FINANCIAL
INTERMEDIATION, EXCEPT INSURANCE AND PENSION FUNDING
This
division includes:
- the activity of obtaining and redistributing funds other
than for the purpose of insurance or pension funding or compulsory
social security
NOTE:
- Credit card activities are classified according to type
of operator
|
| 65.1 |
Monetary intermediation
This
group includes:
- the obtaining of funds in the form of transferable deposits
|
| 65.11
|
Central
banking
This
class includes:
- monetary intermediation of the Bank of England
|
| 65.12 |
Other monetary intermediation
|
| 65.12/1
|
Banks
This
subclass includes:
- monetary intermediation of banks other than the Bank of
England
This
subclass also includes:
- monetary intermediation of discount houses
- monetary intermediation of the National Savings Bank
|
| 65.12/2 |
Building societies
This
subclass includes:
- monetary intermediation of building societies
This
subclass excludes:
- activities of specialist mortgage finance companies cf.
65.22/3
- activities of housing associations cf. 70.11, 70.20/9
|
| 65.2 |
Other financial intermediation
This group includes:
- financial intermediation other than that conducted by banks
and building societies
|
| 65.21 |
Financial leasing
This
class includes:
- 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, and the lessee's rental payments virtually
cover the whole of the purchase price of the asset. The asset
may or may not eventually be transferred
This
class excludes:
- operating leasing cf. 71 according to type of goods leased
|
| 65.22
|
Other
credit granting
|
| 65.22/1 |
Credit granting by non-deposit taking finance houses and other
specialist consumer credit grantors
This
subclass includes:
- activities of non-deposit taking finance houses
- activities of hire purchase and loan companies not in the
UK banking sector
- activities of check traders
- activities of money lenders
- pawnbroking where the primary activity is in lending money
- activities of building societies' personal finance subsidiaries
- other consumer credit granting where the main business is
the direct financing (other than finance leasing) of instalment
credit sales mainly to persons, together with farm, industrial
and building plant equipment to unincorporated businesses
This
subclass excludes:
- activities of pawn shops where the primary activity is in
dealing in second-hand goods cf. 52.50
- financial leasing cf. 65.21
- operating leasing cf. 71
|
| 65.22/2 |
Factoring
This
subclass includes:
- activities of companies specialising in debt factoring and
invoice discounting
|
| 65.22/3 |
Activities of mortgage finance companies
This
subclass includes:
- activities of specialist mortgage finance companies other
than banks and building societies
|
| 65.22/4 |
This code is no longer in use
|
| 65.22/9
|
Other
credit granting not elsewhere classified
This
subclass includes:
- activities of banking institutions in the Channel Islands
and the Isle ofMan not included in the UK banking sector
- activities of other institutions not in the UK banking sector
whose main activity is to extend credit abroad
- activities of other special finance agencies and export
credit companies
|
| 65.23 |
Other financial intermediation not elsewhere classified
This
class includes:
- other financial intermediation primarily concerned with
distributing funds other than by making loans
|
| 65.23/1
|
Activities
of investment trusts
This
subclass includes:
- activities of investment trust companies recognised as such
by the Inland Revenue for tax purposes
- activities of investment funds authorised by the Channel
Islands and the Isle of Man authorities
|
| 65.23/2 |
Activities of unit trusts and property unit trusts
This
subclass includes:
- activities of unit trusts authorised by the Securities and
Investment Board under the terms of the Financial Services
Act 1986
- activities of property unit trusts
- activities of open-ended unit trusts authorised by the Channel
Islands and the Isle of Man authorities
- activities of unauthorised unit trusts such as "in-house"
trusts (i.e. funds run on unit trust lines by, for example,
stockbrokers and merchant banks which are designed for their
own clients)
|
| 65.23/3 |
Security dealing on own account
This
subclass includes:
- dealing for own account by securities dealers
- activities of gilt-edged market makers
- activities of Stock Exchange money brokers
- activities of inter-dealer brokers
- dealing in financial futures, options and other derivatives
for own account
This
subclass excludes:
- security and other dealing on behalf of others cf. 67.12
|
| 65.23/4
|
Activities
of bank holding companies
This
subclass includes:
- activities of holding companies which are not themselves
part of the UK banking sector and whose main subsidiaries
are UK banks
This
subclass excludes:
- activities of other financial holding companies cf. 65.23/9
- activities of non-financial holding companies cf. 74.15
|
| 65.23/5 |
Activities of venture and development capital companies
This
subclass includes:
- activities of venture and development capital companies
and funds
|
| 65.23/6 |
This code is no longer in use
|
| 65.23/9 |
Financial intermediation not elsewhere classified
This
subclass includes:
- activities of non-specific financial holding companies
This
subclass excludes:
- activities of bank holding companies cf. 65.23/4
- trade, leasing and renting of property cf. 70
- management activities of non-financial holding companies
cf. 74.15
|
| 66 |
INSURANCE AND PENSION FUNDING, EXCEPT COMPULSORY SOCIAL SECURITY
|
| 66.0
|
Insurance
and pension funding, except compulsory social security
This group includes:
- long and short term risk spreading with or without a savings
element
|
| 66.01 |
Life insurance
This
class includes:
- life insurance and life reinsurance, with or without a substantial
savings element, including life insurance undertaken by corporate
and quasi-corporate insurers such as Lloyd's underwriting
syndicates
|
| 66.02 |
Pension funding
This
class includes:
- the provision of retirement incomes
This
class excludes:
- non-contributory schemes where the funding is largely derived
from public sources cf. 75.12
- compulsory social security schemes cf. 75.30
|
| 66.03 |
Non-life insurance
This
class includes:
- insurance and reinsurance of non-life business, including
non-life insurance undertaken by corporate insurers and quasi-corporate
insurers such as Lloyd's underwriting syndicates:
. accident, fire
. health
. property
. motor, marine, aviation, transport
. pecuniary loss and liability insurance
|
| 67 |
ACTIVITIES AUXILIARY TO FINANCIAL INTERMEDIATION
This
division includes:
- provision of services involved in or closely related to
financial intermediation, but not themselves involving financial
intermediation
|
| 67.1 |
Activities auxiliary to financial intermediation, except insurance
and pension funding
|
| 67.11 |
Administration of financial markets
This
class includes:
- operation and supervision of financial markets other than
by public authorities:
. activities of stock exchanges
. activities of other bodies that regulate or supervise the
financial markets, including exchanges for commodity future
contracts
|
| 67.12
|
Security
broking and fund management
|
| 67.12/1
|
Fund
management activities
This
subclass includes:
- portfolio management services provided by fund managers
on behalf of clients, including decisions about the content
of the portfolios
This
subclass excludes:
- security dealing on own account cf. 65.23/3
|
| 67.12/2
|
Security
broking and related activities
This
subclass includes:
- dealing in financial markets on behalf of others (e.g. stock
broking) and related activities other than fund management
This
subclass excludes:
- security dealing on own account cf. 65.23/3
|
| 67.13
|
Activities
auxiliary to financial intermediation not elsewhere classified
This
class includes:
- activities auxiliary to financial intermediation not elsewhere
classified:
. mortgage brokers
. bureaux de change, etc.
|
| 67.2
|
Activities
auxiliary to insurance and pension funding
|
| 67.20 |
Activities auxiliary to insurance and pension funding
This
class includes:
- activities involved in or closely related to insurance and
pension funding other than financial intermediation:
. activities of insurance agents
. activities of insurance brokers
. activities of insurance risk and damage evaluators
. activities of Lloyd's underwriting brokers; and of managing
and underwriting agents of Lloyd's syndicates
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