Class 6430 - Trusts, funds and other financial vehicles
PSIC Class 6430 covers Trusts, funds and other financial vehicles. Current child subclasses include Investment Company Operation, Investment House Operation, and Securities Dealership, Own Account. This four-digit layer...
Child codes
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Practical summary
Class 6430 sits in the PSIC 2019 hierarchy under K Financial and Insurance Activities > 64 Financial Service Activities, except Insurance and Pension Funding > 643 Trusts, funds and other financial vehicles. This class usually fans out into more specific subclasses such as Investment Company Operation, Investment House Operation, and Securities Dealership, Own Account. It is the level people use when they already know the activity family but still need the exact five-digit match.
Official note
Source-backed description
This class includes legal entities organized to pool securities or other financial assets, without managing, on behalf of shareholders or beneficiaries. The portfolio is customized to achieve specific investment characteristics, such as diversification, risks, 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. This class excludes: Funds and trusts that earn revenue from the sale of goods or services, see PSIC class according to their principal activity; Activities of holding companies, see 6420; Pension funding, see 6530; management of funds, see 6630.