SIC Codes in Category K: Financial and insurance activities

Kxxxxx
Financial and Insurance Activities

This section includes financial service activities, including insurance, reinsurance and pension funding activities, and activities to support financial services. This section also includes the activities of holding assets, such as activities of holding companies and the activities of trusts, funds and similar financial entities.

Codes in this category used at Companies House
K64xxx
Financial Service Activities, Except Insurance and Pension Funding

This division includes the activities of obtaining and redistributing funds other than for the purpose of insurance or pension funding or compulsory social security. Note: National institutional arrangements are likely to play a significant role in determining the classification within this division.

Codes in this category used at Companies House
K641xx
Monetary Intermediation

This group includes the obtaining of funds in the form of transferable deposits, i.e. funds that are fixed in money terms, obtained on a day-to-day basis and, apart from central banking, obtained from non-financial sources.

Codes in this category used at Companies House
K6411x
Central Banking

The activities of central banks will vary for institutional reasons.

Includes
  • issuing and managing the country's currency
  • monitoring and control of the money supply
  • taking deposits that are used for clearance between financial institutions
  • supervising banking operations
  • holding the country's international reserves
  • acting as banker to the government
Codes in this category used at Companies House
K6419x
Other Monetary Intermediation
Includes
  • receiving of deposits and/or close substitutes for deposits and extending of credit or lending funds. The granting of credit can take a variety of forms, such as loans, mortgages, credit cards etc. These activities are generally carried out by monetary institutions other than central banks, such as:
    • banks
    • building societies
    • savings banks
    • credit unions
    • postal giro and postal savings bank activities
    • credit granting for house purchase by specialised deposit-taking institutions
    • money order activities
Excludes
  • credit granting for house purchase by specialised non-depository institutions, see 64.92
  • credit card transaction processing and settlement activities, see 66.19
Codes in this category used at Companies House
K64191
Banks
Includes
  • monetary intermediation by those institutions other than the Bank of England, authorised by the Financial Services Authority under the Banking Act of 1987 to accept deposits in the UK
  • monetary intermediation by those European authorised institutions which are entitled to accept deposits through a branch in the UK on the basis of their home state authorisation
  • monetary intermediation of the National Savings Bank
  • monetary intermediation of the Savings Certificate Office
Codes in this category used at Companies House
K64192
Building Societies
Includes
  • monetary intermediation by those institutions authorised by the Financial Services Authority under the Building Societies Acts of 1986 and 1997
Excludes
  • activities of specialist mortgage finance companies see 64.92/2
  • activities of housing associations see 41.10, 68.20/1
Codes in this category used at Companies House
K642xx
Activities of Holding Companies
Codes in this category used at Companies House
K6420x
Activities of Holding Companies

This class includes the activities of holding companies, i.e. units that hold the assets (owning 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 manage other units.

Excludes
  • active management of companies and enterprises, strategic planning and decision making of the company, see 70.10
Codes in this category used at Companies House
K64201
Activities of Agricultural Holding Companies
Codes in this category used at Companies House
K64202
Activities of Production Holding Companies
Codes in this category used at Companies House
K64203
Activities of Construction Holding Companies
Codes in this category used at Companies House
K64204
Activities of Distribution Holding Companies
Codes in this category used at Companies House
K64205
Activities of Financial Services Holding Companies
Codes in this category used at Companies House
K64209
Activities of Other Holding Companies (Not Including Agricultural, Production, Construction, Distribution and Financial Services Holding Companies) Not Elsewhere Classified
Codes in this category used at Companies House
K643xx
Trusts, Funds and Similar Financial Entities
Codes in this category used at Companies House
K6430x
Trusts, Funds and Similar Financial Entities

This class includes legal entities organised to pool securities or other financial assets, without managing, on behalf of shareholders or beneficiaries. The portfolios are customised 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.

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
Excludes
  • funds and trusts that earn revenue from the sale of goods or services, see SIC class according to their principal activity
  • activities of holding companies, see 64.20
  • pension funding, see 65.30
  • management of funds, see 66.30
Codes in this category used at Companies House
K64301
Activities of Investment Trusts
Includes
  • those investment trust companies recognised as such by HM Revenue & Customs for tax purposes
Codes in this category used at Companies House
K64302
Activities of Unit Trusts
Includes
  • activities of unit trusts authorised by the Financial Services Authority under the terms of the Financial Services Act 1986 and 2000
  • activities of unauthorised unit trusts such as "in-house" trusts (i.e. funds run on unit trust lines by, e.g., stockbrokers and merchant banks which are designed for their own clients)
Codes in this category used at Companies House
K64303
Activities of Venture and Development Capital Companies
Includes
  • activities of venture and development capital companies and funds
Excludes
  • activities of venture capital investment trusts, see 64.30/1
  • activities of authorised and unauthorised unit trusts, see 64.30/2
  • activities of open-ended investment companies, see 64.30/4
Codes in this category used at Companies House
K64304
Activities of Open-Ended Investment Companies
Includes
  • open-ended investment companies authorised by the Financial Services Authority under the Open-Ended Investment Companies (Companies with Variable Capital) Regulations
Codes in this category used at Companies House
K64305
Activities of Property Unit Trusts

Property Unit Trusts have an open-ended share capital structure and hold, manage and maintain real estate portfolios (which could consist of a single property), for investment purposes (for renting to tenants), but could also be used to hold property for development or under construction. Units in these vehicles are typically traded through the fund manager and are not traded on a stock exchange.

Codes in this category used at Companies House
K64306
Activities of Real Estate Investment Trusts

Real Estate Investment Trust Vehicles are companies with closed-ended share capital that mainly hold, manage and maintain real estate portfolios, for investment purposes (for renting to tenants) and whose shares are listed and traded on a stock exchange.

Codes in this category used at Companies House
K649xx
Other Financial Service Activities, Except Insurance and Pension Funding

This group includes financial service activities other than those conducted by monetary institutions

Excludes
  • insurance and pension funding, see division 65
Codes in this category used at Companies House
K6491x
Financial Leasing
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. The ownership of the asset may or may not eventually be transferred. Such leases cover all or virtually all costs including interest.
Excludes
  • operational leasing, see division 77, according to type of goods leased
Codes in this category used at Companies House
K6492x
Other Credit Granting
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 specialised non-depository institutions
    • pawnshops and pawnbrokers where the principal activity is lending money
Excludes
  • credit granting for house purchase by specialised institutions that also take deposits, see 64.19
  • operational leasing, see division 77, according to type of goods leased
  • grant giving activities by membership organisations, see 94.99
  • pawnshops and pawnbrokers where the principal activity is dealing in second hand goods, see 47.79/9
Codes in this category used at Companies House
K64921
Credit Granting By Non-Deposit Taking Finance Houses and Other Specialist Consumer Credit Grantors
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
Excludes
  • activities of pawn shops where the primary activity is dealing in second-hand goods, see 47.79/9
  • financial leasing, see 64.91
  • operating leasing, see 77
Codes in this category used at Companies House
K64922
Activities of Mortgage Finance Companies
Includes
  • activities of specialist mortgage finance companies other than banks and building societies
Codes in this category used at Companies House
K64929
Other Credit Granting (Not Including Credit Granting By Non-Deposit Taking Finance Houses and Other Specialist Consumer Credit Grantors and Activities of Mortgage Finance Companies) Not Elsewhere Classified
Includes
  • 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
Codes in this category used at Companies House
K6499x
Other Financial Service Activities, Except Insurance and Pension Funding, Not Elsewhere Classified
Includes
  • other financial service activities primarily concerned with distributing funds other than by making loans:
Codes in this category used at Companies House
K64991
Security Dealing on Own Account
Includes
  • dealing for own account by securities dealers
  • activities of Stock Exchange money brokers
  • activities of inter-dealer brokers
  • dealing in financial futures, options and other derivatives for own account
  • dealing in commodities for investment purposes
Excludes
  • security and other dealing on behalf of others, see 66.12
Codes in this category used at Companies House
K64992
Factoring
Includes
  • activities of companies specialising in debt factoring and invoice discounting
Excludes
  • bill collection without debt buying up, see 82.91
Codes in this category used at Companies House
K64999
Other Financial Service Activities, Except Insurance and Pension Funding, (Not Including Security Dealing on Own Account and Factoring) Not Elsewhere Classified
Includes
  • activities of underwriters of stock and share issues
  • securitisation activities
  • writing of swaps, options and other hedging arrangements
  • activities of viatical settlement companies
Excludes
  • activities of financial holding companies, see 64.20/5
  • trade, leasing and renting of real estate property, see 68
  • financial leasing, see 64.91
  • management activities of non-financial holding companies, see 64.20
  • grant-giving activities by membership organisations, see 94.99
Codes in this category used at Companies House
K65xxx
Insurance, Reinsurance and Pension Funding, Except Compulsory Social Security

This division includes the underwriting of annuities and insurance policies and investing premiums to build up a portfolio of financial assets to be used against future claims. Provision of direct insurance and reinsurance are included.

Codes in this category used at Companies House
K651xx
Insurance

This group includes life insurance with or without a substantial savings element and non-life insurance.

Codes in this category used at Companies House
K6511x
Life Insurance
Includes
  • underwriting annuities and life insurance policies, disability income insurance policies, and accidental death and dismemberment insurance policies (with or without a substantial savings element).
Codes in this category used at Companies House
K6512x
Non-Life Insurance
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
Codes in this category used at Companies House
K652xx
Reinsurance
Codes in this category used at Companies House
K6520x
Reinsurance
Codes in this category used at Companies House
K65201
Life Reinsurance

This subclass includes the activities of assuming all or part of the risk associated with existing insurance policies originally underwritten by other insurance carriers.

Includes
  • those institutions authorised by the Financial Services Authority under the Insurance Companies Act 1982 and whose main activity is the carrying on of life re-insurance
  • those institutions in the European Economic Area entitled to carry on insurance business in the UK on the basis of their home state authorisation and whose main activity is life re-insurance
Codes in this category used at Companies House
K65202
Non-Life Reinsurance

This subclass includes the activities of assuming all or part of the risk associated with existing insurance policies originally underwritten by other insurance carriers.

Includes
  • those institutions authorised by the Financial Services Authority under the Insurance Companies Act 1982 and whose main activity is the carrying on of non-life re-insurance business
  • those institutions in the European Economic Area entitled to carry on insurance business in the UK on the basis of their home state authorisation and whose main activity is non-life re-insurance
Codes in this category used at Companies House
K653xx
Pension Funding
Codes in this category used at Companies House
K6530x
Pension Funding
Includes
  • employee benefit plans
  • pension funds and plans
  • retirement plans
Excludes
  • management of pension funds, see 66.30
  • compulsory social security schemes, see 84.30
Codes in this category used at Companies House
K66xxx
Activities Auxiliary to Financial Services 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.

Codes in this category used at Companies House
K661xx
Activities Auxiliary to Financial Services, 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 contracts.

Codes in this category used at Companies House
K6611x
Administration of Financial Markets
Includes
  • the 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
Codes in this category used at Companies House
K6612x
Security and Commodity Contracts Brokerage
Includes
  • dealing in financial markets on behalf of others (e.g. stock broking) and related activities
  • securities brokerage
  • commodity contracts brokerage
  • activities of bureaux de change etc.
Excludes
  • dealing in markets on own account, see 64.99
  • portfolio management, on a fee or contract basis, see 66.30
Codes in this category used at Companies House
K6619x
Other Activities Auxiliary to Financial Services, Except Insurance and Pension Funding

Activities auxiliary to financial service activities not elsewhere classified.

Includes
  • financial transaction processing and settlement activities, including for credit card transactions
  • investment advisory services
  • activities of mortgage advisers and brokers
  • trustee, fiduciary and custody services on a fee or contract basis
Excludes
  • activities of insurance agents and brokers, see 66.22
  • management of funds, see 66.30
Codes in this category used at Companies House
K662xx
Activities Auxiliary to Insurance and Pension Funding

This group includes acting as agents (i.e. brokers) 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.

Codes in this category used at Companies House
K6621x
Risk and Damage Evaluation

This class includes the provision of administration services of insurance.

Includes
  • assessing insurance claims
    • claims adjusting
    • risk assessing
    • risk and damage evaluation
    • average and loss adjusting
  • settling insurance claims
Excludes
  • appraisal of real estate, see 68.31
  • appraisal for other purposes, see 74.90
  • investigation activities, see 80.30
Codes in this category used at Companies House
K6622x
Activities of Insurance Agents and Brokers
Includes
  • activities of insurance agents and brokers (insurance intermediaries) in selling, negotiating or soliciting of annuities and insurance and reinsurance policies.
Codes in this category used at Companies House
K6629x
Other Activities Auxiliary to Insurance and Pension Funding
Includes
  • activities involved in or closely related to insurance and pension funding (except financial intermediation, claims adjusting and activities of insurance agents): salvage administration, actuarial services
Excludes
  • marine salvage activities, see 52.22
Codes in this category used at Companies House
K663xx
Fund Management Activities
Codes in this category used at Companies House
K6630x
Fund Management Activities
Includes
  • portfolio and fund management activities on a fee or contract basis, for individuals, businesses and others, such as:
    • management of mutual funds
    • management of other investment funds
    • management of pension funds
Codes in this category used at Companies House

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