Key facts
Code summary
Code 6420
Official title Activities of holding companies
Version PSIC 2019
Source layer PSA / BSP
Fi
PSIC 2019 Navigation-first hub Class 6420 - Activities of holding companies
PSIC Class 6420 covers Activities of holding companies. Current child subclasses include Activities of Holding Companies. This four-digit layer is useful when comparing neighboring activities before landing on the...
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Child codes
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About this level
Practical summary
Class 6420 sits in the PSIC 2019 hierarchy under K Financial and Insurance Activities > 64 Financial Service Activities, except Insurance and Pension Funding > 642 Activities of holding companies. This class usually fans out into more specific subclasses such as Activities of Holding Companies. It is the level people use when they already know the activity family but still need the exact five-digit match.
Administrative context
Where this code is used
This class is used when a business can already narrow the activity family and only needs to compare the final subclasses such as Activities of Holding Companies. It is the level most often checked before a five-digit decision is finalized.
Selection note
How to choose it
Use this class to choose between its final subclasses such as Activities of Holding Companies. If two options look close, compare the exact activity, the outputs and the way the business actually earns revenue.
Official note
Source-backed description
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. This class excludes active management of companies and enterprises, strategic planning and decision making of the company, see 7010.
FAQ
What does PSIC Class 6420 cover?
PSIC Class 6420 is the four-digit layer that sits just above the final subclasses and usually defines the activity family for Activities of holding companies.
How do I compare Class 6420 with the sibling classes?
Read the neighboring classes and compare the exact wording of the child subclasses. Nearby options include nearby sibling codes.
Why does Class 6420 matter for a filing decision?
It is usually the last broad checkpoint before the five-digit subclass choice, so it is the right place to catch near-miss classifications.