Fi Section K Finance
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Group 642 - Activities of holding companies

PSIC Group 642 covers Activities of holding companies. Direct children below it include Activities of holding companies. It clusters closely related activities and helps compare nearby classes before choosing the most...

Level Group
Hierarchy depth 3/5
Children 1
Last verified 2026-05-12
About this level

Practical summary

Group 642 sits in the PSIC 2019 hierarchy under K Financial and Insurance Activities > 64 Financial Service Activities, except Insurance and Pension Funding. This group usually narrows the choice to a small family of classes such as Activities of holding companies. It is useful when two or three neighboring activities look similar but should not be collapsed into one code.

Administrative context

Where this code is used

This group is used when reviewers compare a short list of classes such as Activities of holding companies and need to decide which family is the closest fit. It is common in internal classification review and administrative lookup work.

Selection note

How to choose it

Use this group when the activity sits between similar classes such as Activities of holding companies. The safest choice is the one whose wording matches the actual production, service or operating model most closely.

FAQ

What does PSIC Group 642 cover?

PSIC Group 642 clusters a smaller family of classes under Activities of holding companies and is useful when the business sits between closely related options.

How do I compare Group 642 with sibling groups?

Look at the parent class and the nearby sibling groups. On this page, the most relevant nearby options are 641 Monetary intermediation and 643 Trusts, funds and other financial vehicles.

Why is Group 642 useful for classification?

It sits at the point where a broad sector is already narrowed enough to compare a small family of similar classes before the final code choice.