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Classification of Economic Activities rev. 2 (CZ-NACE)

Abbreviation	Name	Version	Valid from	Valid to	Family
CZ-NACE_KL	Classification of Economic Activities rev. 2 (CZ-NACE)	1	01.01.2008	09.09.9999	Activities

Classification Item:

Trusts, funds and similar financial entities

Level	Code	Name
4	6430	Trusts, funds and similar financial entities

Definition of item:

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.

This class includes:
- open-end investment funds
- closed-end investment funds
- unit investment trust funds
- trusts, estates or agency accounts, administered on behalf of the beneficiaries under the terms of a trust agreement, will or agency agreement

This class excludes:
- funds and trusts that earn revenue from the sale of goods or services, see NACE class according to their principal activity
- activities of holding companies, see 64.20
- pension funding, see 65.30
- management of funds, see 66.30

Correspondences

Classification of Economic Activities rev. 2 (CZ-NACE) - level 3 - Group	643	Trusts, funds and similar financial entities
Classification of Economic Activities rev. 2 (CZ-NACE) - level 5 - Sub-class	64300	Trusts, funds and similar financial entities