MONETARY FINANCIAL INSTITUTIONS AND MARKETS STATISTICS SECTOR MANUAL MARCH 2007

GUIDANCE FOR THE STATISTICAL

ISSN 1830703-5 CLASSIFICATION OF CUSTOMERS

9 771830 703003 THIRD EDITION MONETARY FINANCIAL INSTITUTIONS AND MARKETS STATISTICS SECTOR MANUAL MARCH 2007

GUIDANCE FOR THE STATISTICAL CLASSIFICATION OF CUSTOMERS

In 2007 all ECB publications feature a motif THIRD EDITION taken from the €20 banknote. © European Central Bank, 2007

Address Kaiserstrasse 29 60311 Frankfurt am Main Germany

Postal address Postfach 16 03 19 60066 Frankfurt am Main Germany

Telephone +49 69 1344 0

Website http://www.ecb.int

Fax +49 69 1344 6000

Telex 411 144 ecb d

All rights reserved. Reproduction for educational and non-commercial purposes is permitted provided that the source is acknowledged.

ISSN 1830-7035 (online) CONTENTS CONTENTS FOREWORD 4

PART ONE – INTRODUCTION 7 1 General principles of sectorisation 7 2 Residence principles 7 3 Sectorisation in the euro area 8 4 Sectorisation in the “Rest of the world” 10 5 Borderline cases in the delimitation of the euro area 11 6 Additional sources of information and contact persons 11 Annex: International organisations 12 Summary table of the sectoral breakdown of euro area monetary, financial institutions and markets statistics 14

PART TWO – COUNTRY-BY-COUNTRY EXPLANATORY NOTES 17 Belgium 17 Bulgaria 25 Czech Republic 33 Denmark 43 Germany 51 Estonia 61 Ireland 67 Greece 75 Spain 80 France 90 Italy 100 Cyprus 106 Latvia 112 Lithuania 120 Luxembourg 129 Hungary 133 Malta 137 Netherlands 145 Austria 151 Poland 156 Portugal 166 Romania 175 Slovenia 181 Slovakia 187 In accordance with Community Finland 194 practice, Member States are listed using Sweden 201 the alphabetical order of the national United Kingdom 207 languages.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 3 FOREWORD located in other EU Member States by sector. The requirement that all EU Member States had BACKGROUND to implement the ESA 95 in 1999 and 2000 has facilitated EU-wide conceptual consistency The ECB Regulation concerning the concerning the national rules for domestic consolidated balance sheet of the “Monetary sectorisation. However, the practical problem financial institutions” sector (ECB/2001/13), of how to classify counterparties located in as amended, requires monetary financial other EU Member States still remains, owing to institutions (MFIs) to report statistical data for the lack of a common and easily accessible the purposes of compiling euro area MFI EU-wide source of information on the domestic balance sheet statistics from 1 January 1999 sector classification of non-MFIs. onwards. In this context, reporting MFIs have to classify their domestic counterparties and AIM those in other euro area Member States according to the same sectoral breakdown The “Sector Manual – Guidance for the following classification principles in line with statistical classification of customers (third the European System of Accounts 1995 (the edition)” is intended to assist reporting MFIs ESA 95). With regard to the monthly data in classifying their non-MFI counterparties needed to compile the consolidated balance located in other EU Member States by sector. sheet of the euro area MFI sector as well as the In comparison with the previous editions of the monetary aggregates and counterparts for the Manual, which were published in November euro area, an initial breakdown into MFIs and 1999 and April 1998, this third edition non-MFIs is required, with a further breakdown incorporates the country chapters of the ten of non-MFIs into the “General government” Member States that joined the EU in May 2004, sector (with “Central government” identified as well as Bulgaria and Romania, which joined separately in deposit liabilities) and the “Other in January 2007. In addition, the full residents” sector. A more detailed breakdown implementation of the ESA 95 has resulted in of the “General government” sector is required further amendments to the country-by-country on a quarterly basis. A further disaggregation explanatory notes and definitions. Finally, this of the “Other residents” sector is required at a third edition also incorporates numerous monthly frequency for deposits held and loans website references and online registers, granted by MFIs, whereas this level of detail is providing its readers with useful and efficient only required for other financial instruments at tools concerning how to obtain further a quarterly frequency. information.

In practical terms, reporting MFIs can identify The Manual complements but is not intended counterparties that are also defined as MFIs for to replace more detailed national instructions statistical purposes by using the EU List of on the classification by MFIs of domestic MFIs. This list provides a full enumeration of counterparties. all MFIs located in the EU.1 In addition, the Manual presents the current Reporting MFIs can also identify other domestic national rules for the domestic sectorisation of counterparties classified under the non-MFI counterparties in accordance with ECB/2001/13, sector by using the existing instructions of the as amended, following classification principles national central banks (NCBs) on the that are consistent with the ESA 95 as far as classification of resident customers. possible.

1 A complete “List of MFIs” is published on the ECB’s website MFIs may, however, face difficulties in under http://www.ecb.int/stats/money/mfi/list/html/index.en. correctly classifying non-MFI counterparties html

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 4 March 2007 FOREWORD STRUCTURE brackets in order to facilitate any search for a particular entity. This list is not The Manual is composed of two parts. intended to be exhaustive.

Part One consists of an introduction prepared (iv) Borderline cases: The main inclusions/ by the ECB, which includes general references exclusions (if any) are mentioned here. In to the sectoral classification as presented in the case of exclusions, reference is made Regulation ECB/2001/13, as amended, and in to their appropriate classification. the ESA 95. It aims to provide general guidance References to national peculiarities, in on the practical classification of institutional terms of individual existing institutions units, and additionally makes a clear-cut and their classification, are also covered. distinction between the euro area and the “Rest of the world”, following international In addition, the country-by-country explanatory standards. notes provide guidance on how to identify the boundaries of the domestic area in cases where Part Two contains explanatory notes for each difficulties are likely to arise owing to the EU Member State respectively on the sectoral existence of offshore financial centres or the classification of resident institutions, based on treatment of any other territories attached to, or national contributions provided by NCBs, associated with, the Member State in question. where necessary in cooperation with national statistical institutes (NSIs). These national Finally, the Manual refers to further sources of explanatory notes provide the following information available at the national level (e.g. information for each sector/sub-sector: website references, online registers, exhaustive lists of certain sectors available from NSIs), as (i) Definition: A short description is given, well as the details of contact persons at the according to national features, of the national level to be contacted in the event of delimitation of the domestic sectors/sub- questions regarding specific classification sectors. cases.

(ii) Types of entities belonging to the sector: STATUS OF THE MANUAL Groups and classes of entities of the same type which are more likely to be involved The Manual is available to all reporting MFIs in intra-EU business are enumerated, in the EU Member States from their respective together with a short description where NCB. Other interested parties can also request possible. This list of examples, which is as copies from the ECB or any of the EU NCBs. exhaustive as possible, is presented in the national language and, where appropriate, The Manual can also be viewed on the ECB’s a translation is given in brackets in order website (http://www.ecb.int/pub/pub/stats/html/ to help reporting institutions when index.en.html). It is only available in English searching for a particular type of entity. (with the exception of the names of individual institutions or groups of institutions of the (iii) Entities belonging to the sub-sector same kind, all of which are presented in the (illustrative list): This contains the largest national language). Translations into national resident entities and/or those considered languages are left to the discretion of the NCBs by the NCBs and NSIs as the most likely concerned. to be involved in intra-EU business. This list contains the full names of the entities in the national language and, where appropriate, a translation is given in

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 5 For more information on the status of the Manual, please contact:

European Central Bank Press Division Kaiserstrasse 29 D - 60311 Frankfurt am Main Tel.: + 49 (69) 13 44 7455 Fax: + 49 (69) 13 44 7404 E-mail: [email protected]

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 6 March 2007 INTRODUCTION INTRODUCTION Although they do not meet the above-mentioned conditions, the following entities are also 1 GENERAL PRINCIPLES OF SECTORISATION considered to be institutional units:

For the purposes of compiling the consolidated i) households; balance sheet of the euro area “Monetary financial institutions” (MFI) sector and the ii) quasi-corporations (entities without monetary and credit aggregates for the euro independent legal status, but which keep a area (henceforth “monetary statistics”), the complete set of accounts and have decision- positions of customers on the books of MFIs making autonomy vis-à-vis the units that are classified according to their sector of legally control them). economic activity, on the basis of their principal activity and function. The table presented at the Each customer should be classified by end of this chapter contains the summary format reporting MFIs as belonging to one and only for the data to be transmitted from national one sector, according to its principal activity central banks (NCBs) to the European Central and function. Bank (ECB), based on the data collected from reporting MFIs. 2 RESIDENCE PRINCIPLES The ECB Regulation of 22 November 2001, as amended, concerning the consolidated balance The country of residence of a customer is sheet of the “Monetary financial institutions” determined by its centre of economic interest. sector (ECB/2001/13) constitutes the reference This means that a company is considered for monetary statistics in the euro area. The resident in a territory when it has engaged for sectorisation follows the European System of a year or more in economic activity in that Accounts 1995 (the ESA 95)2 as a tool for territory, or when it has registered or indicated achieving consistency in definitions across an intention to operate permanently in that different, but related, national statistical territory. The same applies to natural persons, systems. which means that they may or may not be nationals of the territory in which they In this context, it is important to introduce the operate. ESA concept of an institutional unit, i.e. an entity with: i) autonomy of decision in respect The following are examples of borderline cases of its principal activity and function; and ii) a in the determination of residence: complete set of accounts (or the capacity to compile these, if required).3 (i) Staff of embassies or military bases are to be classified as residents of their country The most common entities deemed to be of origin, thereby ensuring that a distinction institutional units are: is made between local (host country) staff and staff from the country which the (i) public and private corporations; embassy or military base represents;

(ii) units recognised as independent legal entities 2 Council Regulation (EC) No 2223/96 of 25 June 1996 on the (e.g. cooperatives and partnerships). European system of national and regional accounts in the Community, Official Journal of the European Communities, L 310, Volume 39, 30 November 1996. 3 For the purposes of this Manual, the term “entities” is also used to denote “institutional units”.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 7 (ii) When undertaking cross-border from entities other than MFIs and, on their own transactions in land and/or buildings (e.g. account, to grant credits and/or invest in holiday homes), the owner is treated as if securities (e.g. money market funds). As he has transferred his ownership to a previously noted, the EU NCBs and the ECB notional institutional unit that is actually are also classified as MFIs. resident in the country where the property is located. The notional unit is to be treated The institutions contained in the list are all as being owned and controlled by the non- MFIs, regardless of whether or not the Member resident owner; State in which they are located belongs to the euro area. However, in the data reported for (iii) In the absence of any significant physical compiling euro area statistics, MFIs located in dimension to an entity, e.g. investment EU Member States not participating in Monetary funds (as distinct from their managers), Union are classified under the “Rest of the securitisation vehicles, and some special world”, and are referred to as banks rather than purpose entities, its residence is determined as MFIs, in order to conform to the methodology according to the economic territory under applied to the “Rest of the world” (see summary whose laws the entity is incorporated. If table and Section 4). the entity is not incorporated, legal domicile is used as a criterion, namely the b. Non-MFIs country whose legal system governs the The category of non-MFIs comprises the creation and continued existence of the following sectors and sub-sectors (see examples entity. of types of entities in the summary table at the end of Part One):

3 SECTORISATION IN THE EURO AREA • The “General government” sector, which comprises all resident units that are The euro area corresponds to the territory of principally engaged in the production of the EU Member States participating in non-market goods and services that are Economic and Monetary Union (EMU)4 and the intended for individual and collective ECB. The ECB is classified as a central bank consumption and/or in the redistribution of within the MFI sector of the euro area. However, national income and wealth (the ESA 95, for convenience in the classification within the paragraphs 2.68 to 2.70). The “General reporting scheme for monetary statistics, the government” sector is sub-divided into the classification of the ECB as an MFI resident in following sub-sectors: Germany has been adopted as a convention. – “Central government”, which contains the administrative departments of the For customers resident in the euro area, the State and other central agencies whose main distinction required in the sectoral competence extends over the whole classification is between MFIs and non-MFIs economic territory, except for the (see summary table at the end of Part One).

a. MFI sector 4 The Council of the European Union (EU Council), unanimously decided on 3 May 1998 that 11 Member States, namely Belgium, The EU List of MFIs comprises an exhaustive Germany, Spain, France, Ireland, Italy, Luxembourg, the enumeration of MFIs located in the EU.5 MFIs Netherlands, Austria, Portugal and Finland, had fulfilled the include not only banks and other credit necessary conditions for the adoption of the single currency on 1 January 1999. The number of participating Member States in institutions as defined in Community Law, but the euro area increased first to 12 on 1 January 2001, when also other financial institutions located in the Greece entered the third stage of EMU, and most recently to 13 on 1 January 2007, with the adoption of the euro by Slovenia. euro area whose business is both to receive 5 List published on the ECB website: http://www.ecb.int/stats/ deposits and/or close substitutes for deposits money/mfi/list/html/index.en.html

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 8 March 2007 INTRODUCTION administration of social security funds liabilities in forms other than currency, (ESA 95, paragraph 2.71). deposits and/or close substitutes for – “State government” (also named deposits from institutional units other “Regional government” according to the than MFIs (ESA 95, paragraphs 2.53 to ESA 95), which consists of separate 2.56). Also included in this category are institutional units exercising some of the financial auxiliaries consisting of all functions of government at a level below financial corporations and quasi- that of central government and above corporations that are principally engaged that of local government, except for the in auxiliary financial activities (e.g. administration of social security funds financial consultants and advisers, (ESA 95, paragraph 2.72). This level of managers of pension funds and mutual government does not exist in all EU funds, entities providing guarantees, Member States (see Part 2 of the country- brokers, etc.), but which are not by-country explanatory notes). themselves financial intermediaries – “Local authorities” (also named “Local (ESA 95, paragraphs 2.57 to 2.59). government” according to the ESA 95), – “Insurance corporations and pension which covers those public administrations funds”, which contains all non-monetary whose competence only extends to a financial corporations and quasi- local part of the economic territory, corporations, the main activity of which excluding local agencies of social is financial intermediation as a security funds (ESA 95, paragraph 2.7). consequence of the pooling of risks – “Social security funds”, which comprises (ESA 95, paragraphs 2.60 to 2.67). This schemes managed by central entities, category covers both life and non-life state entities or local public institutional insurance activity. Only pension schemes entities, the principal objective of which with autonomy of decision and a is to provide the population of the complete set of accounts are included country with social benefits (ESA 95, here; otherwise they remain part of the paragraph 2.74). Certain population entity that has set them up (e.g. company groups are obliged to pay contributions pension funds). Also excluded are to these schemes. Social security funds schemes classified within “Social are not separately identifiable as being security funds” (see above). provided by the central, state/regional or – “Non-financial corporations”, which local government in some EU Member consists of those corporations and quasi- States (see Part 2 of the country-by- corporations that are not engaged in country explanatory notes). financial intermediation but rather in the production of goods and non-financial • The “Other residents” sector, which consists services (ESA 95, paragraphs 2.21 to of all institutional units located in the euro 2.31). area, other than MFIs and entities belonging – “Households”, which contains individuals to the “General government” sector. This or groups of individuals acting as: i) sector is sub-divided into the following sub- consumers; ii) producers of goods and sectors: non-financial services exclusively for – “Other financial intermediaries (OFIs) their own final consumption; and iii) and financial auxiliaries”, which small-scale market producers (such as comprises all non-monetary financial sole proprietorships and partnerships corporations and quasi-corporations without independent legal status, usually (excluding insurance corporations and drawing on own labour and financial pension funds) principally engaged in resources). For the purposes of monetary financial intermediation by incurring statistics (Regulation ECB/2001/13),

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 9 non-profit institutions serving entity (the parent institution) owns a majority households are merged within the or has full participation, whereas branches are “Households” sub-sector. These entities without independent legal status comprise those institutions principally (i.e. wholly owned by the parent institution). engaged in the production of non-market However, when branches are located in a goods and services intended for particular different country from that in which the groups of households (ESA 95, company controlling them is located, they are paragraphs 2.75 and 2.88). deemed to be separate institutional units.

For more details on the sectoral classification Central banks located outside the euro area are and definitions, please refer to Regulation classified as banks in the “Rest of the world”, ECB/2001/13 and to Chapter II entitled “Units including the NCBs of EU Member States and groupings of units” of the ESA 95. not participating in Monetary Union. Some international organisations that undertake banking activities as central monetary 4 SECTORISATION IN THE “REST OF THE authorities (i.e. the BIS and the IMF), are also WORLD” to be classified under the “Rest of the world” within the “Banks” sector for the purpose of The “Rest of the world” corresponds to the compiling monetary statistics. territory outside the euro area (EU Member States not participating in Monetary Union, Should there be any doubt as to whether to plus non-EU countries). classify a financial institution outside the EU as a bank, readers should firstly contact their For customers located in the “Rest of the home NCB and request that the necessary world”, a breakdown is required between banks measures be taken to clarify the classification. and non-banks, this latter one sub-divided into General Government and Other resident sectors b. Non-banks (see summary at the end of Part One). The term “non-MFI” only applies to those in Member States participating in Monetary a. Banks Union; for other countries, the term “non- MFIs located in EU Member States that are not banks” is to be used. in the euro area and banks outside the EU are referred to as “banks” rather than as MFIs. A further breakdown into the sectors “General Institutions that are classified as banks in the government” and “Other residents” is required “Rest of the world” comprise: (see summary table). In this respect, the standard for sectoral classification is the same (i) MFIs located in EU Member States not as that described in Section 3 on sectorisation participating in Monetary Union, including in the euro area: subsidiaries and branches, the parent institution of which is an MFI located in • General government, encompassing the the euro area; sub-sectors “Central government”, “State government”, “Local authorities” and “Social (ii) banks located outside the EU, including security funds” as defined in Section 3; and those subsidiaries and branches, the parent institution of which is an MFI located in • Other residents, comprising the sub-sectors the euro area. “OFIs and financial auxiliaries”, “Insurance corporations and pension funds”, “Non- Subsidiaries are separate institutional units financial corporations” and “Households” with independent legal status, of which another as defined in Section 3.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 10 March 2007 INTRODUCTION Most of the international organisations listed in c. Territories associated with EU Member the annex at the end of this introduction States not participating in the euro area to (including those physically located in the euro be included in the “Rest of the world” area), are classified within the “General • The Channel Islands, the Isle of Man, government” in the “Rest of the world” for the Anguilla, Montserrat, the British Virgin purposes of euro area monetary statistics. Islands, the Turks and Caicos Islands and Several other international organisations which the Cayman Islands (not the United undertake some type of “banking activities” as Kingdom) development banks, mainly providing long- • The Faroes, Greenland (not Denmark) term financing for capital investment projects (i.e. the EIB and the EBRD), are to be classified within the “Other Sector Residents” in the 6 ADDITIONAL SOURCES OF INFORMATION “Rest of the world”. AND CONTACT PERSONS

For further details concerning the general 5 BORDERLINE CASES IN THE DELIMITATION principles of sectoral classification and OF THE EURO AREA definitions, see Regulation ECB/2001/13 and Chapter II entitled “Units and groupings of Some territories belonging to, or countries units” of the ESA 95. associated with, EU Member States give rise to some difficulties in terms of statistical In respect of the residence principles, further classification. These can be divided into three guidance is provided by the SNA 93, Chapter groups: XIV; the ESA 95, Chapter 2; and the IMF Balance of Payments Manual, 5th edition (from a. Territories forming part of the euro area 1993; a revised version of the Manual will be • Helgoland: Germany published by end-2008), Chapter 4 (6th edition • Islas Canarias, Ceuta and Melilla: Spain available by end-2008).6 • Monaco, French overseas departments (Guyana, Guadeloupe, Martinique and For additional details referring to EU Member Réunion), Saint-Pierre-et-Miquelon and States, see Part 2 of this Manual (the country- Mayotte: France by-country explanatory notes). Readers should • Madeira, the Azores: Portugal consult the contact persons indicated in these • The Åland Islands: Finland explanatory notes (Section 5) via their home NCB in the event of any outstanding queries. b. Territories associated with euro area Member States to be included in the “Rest of the world” • Büsingen (not Germany) • Andorra (neither Spain nor France) • The Netherlands Antilles and Aruba (not the Netherlands) • French overseas territories (French Polynesia, New Caledonia and the Wallis and Futuna Islands) (not France) • San Marino and the Vatican City (not Italy) • Macao (not Portugal)

6 These sources refer to national residency concepts. Euro area MFI statistics and the “Sector Manual” address residency from a euro area perspective.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 11 ANNEX: INTERNATIONAL ORGANISATIONS • European Economic and Social Committee • Committee of the Regions Most supranational and international • Office for Official Publications organisations, including those physically • European Personnel Selection Office located within the euro area, are to be classified • European Administrative School under the “Rest of the world”, within the “General government” sector for the purposes OTHER EUROPEAN ORGANISATIONS of compiling monetary statistics. • European Atomic Energy Community (Euratom) However, exceptions exist for a number of • Council of Europe (CE) international organisations that undertake some • European Free Trade Association (EFTA) type of “banking activities”. This type of • European Organization for Nuclear Research organizations are not to be classified as “RoW- (CERN) General government” but rather as “RoW- • European Space Agency (ESA) Banks”, if they undertake banking activities as • European Telecommunications Satellite central monetary authorities, or as “RoW-Other Organization (EUTELSAT) resident sectors”, if their activities have • Western European Union (WEU) features of a development bank (mainly involving long-term financing for capital INTERGOVERNMENTAL ORGANISATIONS investment projects). • African Union (AU) • Association of Southeast Asian Nations The list below classifies the most important (ASEAN) international organisations according to these • Caribbean Community and Common Market categories. It is not intended to be exhaustive. (CARICOM) • Central American Common Market “ROW-BANKS”1 (CACM) • Economic Community of West African • Bank for International Settlements (BIS) States (ECOWAS) • International Monetary Fund (IMF) • Latin American Integration Association • Arab Monetary Fund (AMF) (LAIA) • West African Monetary Agency (WAMA) • League of Arab States (LAS) • Latin American Reserve Fund (LARF) • North Atlantic Treaty Organisation • Central Bank of West African States (NATO) (BCEAO) • Organisation for Economic Co-operation • Banque des Etats de l’Afrique Central and Development (OECD) (BEAC) • Organization of American States (OAS) • Organization of Central American States “ROW-NON-BANKS, GENERAL GOVERNMENT” (OCAS) • Organisation of Eastern Caribbean States EU INSTITUTIONS AND BODIES (OECS) • European Commission • South Asian Association for Regional • European Parliament Cooperation (SAARC) • Council of the European Union • West African Economic Community – Presidency (WAEC)

• Court of Justice of the European 1 By convention in the IT systems, it can be specified that these communities international organisations are located in Switzerland, United • European Court of Auditors States, United Arab Emirates, Sierra Leone, Colombia, Senegal and Cameroon respectively. However, owing to their status as • European Ombudsman international organisations they are not residents of the • European Data Protection Supervisor mentioned countries.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 12 March 2007 INTRODUCTION UNITED NATIONS (UN) OTHER • United Nations Conference on Trade and • International Committee of the Red Cross Development (UNCTAD) (ICRC) • United Nations Children’s Fund (UNICEF) • World Council of Churches (WCC) • Food and Agriculture Organization (FAO) • International Maritime Satellite Organization • International Atomic Energy Agency (INMARSAT) (IAEA) • International Civil Aviation Organization “ROW-NON-BANKS, OTHER RESIDENT SECTORS” (ICAO) • International Fund for Agricultural • European Investment Bank (EIB) Development (IFAD) • European Bank for Reconstruction and • International Labour Organization (ILO) Development (EBRD) • International Maritime Organization (IMO) • International Bank for Reconstruction and • International Telecommunication Union Development (IBRD) (ITU) • International Development Association • United Nations Educational, Scientific and (IDA) Cultural Organization (UNESCO) • International Finance Corporation (IFC) • Universal Postal Union (UPU) • African Development Bank Group • World Health Organization (WHO) • Andean Development Corporation (ADC) • World Intellectual Property Organization • Arab Bank for Economic Development in (WIPO) Africa (BADEA) • World Meteorological Organization • Arab Fund for Economic and Social (WMO) Development (AFESD) • World Tourism Organization (UN WTO) • Asian Development Bank (ADB) • World Trade Organization (WTO) • Caribbean Development Bank (CDB) • Central African States Development Bank COMMODITY ORGANISATIONS (CASDB) • Intergovernmental Council of Copper • Central American Bank for Economic Exporting Countries (CIPEC) Integration (CABEI) • International Cocoa Organization (ICCO) • Council of Europe Development Bank • International Coffee Organization (ICO) • East African Development Bank (EADB) • International Cotton Advisory Committee • Inter-American Development Bank (IADB) (ICAC) • Islamic Development Bank (IDB) • International Jute Study Group (IJSG) • Nordic Investment Bank (NIB) • International Lead and Zinc Study Group • OPEC Fund for International Development (ILZSG) (OFID) • International Olive Oil Council (IOOC) • International Rubber Study Group (IRSG) • International Sugar Organization (ISO) • International Grains Council (IGC) • Latin American Energy Organization (OLADE) • Organization of Arab Petroleum Exporting Countries (OAPEC) • Organization of the Petroleum Exporting Countries (OPEC)

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 13 Sectoral breakdown for euro area monetary, financial institutions and markets statistics in the data transmitt institutions

Euro area Member States MFIs Non-MFIs General government sector Central State Local Social security OFIs government government authorities funds Of which: Financial (1) (2) (3) (4) (5) auxiliaries Receive deposits Produce Produce non-market Produce Central, state and Channel funds Facilitate or close non-market goods goods and services, non-market goods local institutions (other than financial substitutes of and services, under public and services, that provide social currency, deposits intermediation deposits and under public control, for part of under public benefits for the and/or close grant credits and/ control, for the the economic control, for a population, substitutes of or invest in entire economic territory, (below the restricted local derived from deposits) from securities territory central government part of the compulsory institutional units and above the local economic territory contributions other than MFIs government) to borrowers MFIs in the EU Government State authorities Local authorities Pension schemes Leasing and Insurance and List of MFIs departments (e.g. regional (e.g. district managed by the factoring pension located in euro (e.g. Treasuries) councils) – applies councils) state (does not companies consultants area Member to BE, DE, ES, PT apply to IE, UK (other than those States (including and AT and MT) that are MFIs) NCBs and the Courts of justice Regionally Municipally Insurance, loans Insurance, loans ECB) controlled controlled and securities and securities agencies agencies dealers on their brokers own account

Armed forces Regional courts Local courts Mutual funds Investment (other than advisers MMFs)

National museums Regional police Local police Financial vehicle Managers of forces forces corporations pension funds and mutual funds National police Venture and Public exchanges forces development and connected capital companies services

Public universities Import/export Financial financing guarantee corporations corporations Hire-purchase Corporations companies arranging (not issuing) derivatives

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 14 March 2007 INTRODUCTION ted from NCBs to the ECB – Main activities and functions by sector/sub-sector and examples of types of

Rest of the World Banks Non-banks Other residents sector General Other residents Insurance Non-financial Households government sector sector corporations and corporations Of which: pension funds NPISH (6) (7) (8)

Undertake Not engaged in Consume and Produce non- For non-euro area (1) to (4) (5) to (8) financial financial produce for own market goods and EU Member States: intermediation as intermediation but consumption or on services for receive deposits or the consequence in the production a small scale households close substitutes of of the pooling of of market goods deposits and grant risks and non-financial credits and/or services invest in securities Other: SNA (S.122) Life assurance Private companies Individuals Trade unions MFIs in the (1) to (4) (5) to (8) corporations EU List of MFIs located in non-euro area Member States Non-life insurance Public companies Sole Professional Banks outside the Most Other corporations proprietorships societies EU and other supranational and international international international organisations with organisations as organisations features of a the BIS and IMF development bank Autonomous Cooperatives Partnerships Consumer Branches and pension funds without associations subsidiaries, of independent legal which the parent status institutions are euro area MFIs Reinsurance Legally Political parties corporations independent partnerships Non-profit Churches or institutions serving religious societies non-financial companies Holding companies, Charities primarily market producers

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 15

COUNTRY CHAPTERS

BELGIUM BELGIUM 1 INTRODUCTION Fédéral/Federaal see “Central government”

1.1 GENERAL REMARKS Fonds de pension/Pensioenfonds see “Insurance corporations and pension funds” With the aim of offering guidance to the MFIs on the sectoral classification of intra-euro area Location financement/Financiële Leasing positions in money and banking statistics, this see “OFIs” chapter outlines the sectoral classification of institutions located in Belgium. This Ministère/Ministerie see “Central classification is based on the definitions of government” and “State government” institutional sectors and sub-sectors according to the ESA 95 criteria. For each sector or sub- Province/Provincie see “Local government” sector, an overview of all groups and classes of entities of the same type is given, as well as a Région/Gewest see “State government” list illustrating which entities belong to each sector or sub-sector. SA/NV see “OFIs”, “Insurance corporations and pension funds” and “Non-financial With regard to the classification of the Belgian corporations” institutional units under sectors, two facts should be noted: Sociétés de bourse/Beursvennootschappen see “OFIs” • “Financial auxiliaries” are considered in the national accounts as a separate sub-sector SPRL/BVBA see “Non-financial within the financial sector. However, for the corporations”. purposes of euro area money and banking statistics, they will be grouped together 1.3 ENTITIES AND SECTORS with “OFIs”. The CIS (Classification of Institutional Sectors) • The “General government” sector contains application allows the user to find out the ESA a “State government” sub-sector, which 95 institutional sector of an entity, through VAT must be identified separately. or national numbers, name or abbreviation.

1.2. KEY WORDS FOR SECTORISATION The CIS provides three options:

ASBL/VZW see “Non-profit institutions • Sector definitions and criteria serving households” • Nominative content per (sub)sector Assurance/Verzekering see “Insurance corporations and pension funds” • Search tool (to determine the sectoral classification of an entity). Communauté/Gemeenschap see “State government” For more information and nominative content by (sub)sector, please refer to the website of Commune/Gemeente see “Local the Nationale Bank van België/Banque government” Nationale de Belgique, at http://www.nbb.be, and search for CIS. Centre de Coordination/Coördinatiecentrum see “Non-financial corporations”

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 17 2 CLASSIFICATION OF ENTITIES BELONGING • Legislative bodies (Organes législatifs/ TO THE “GENERAL GOVERNMENT” SECTOR Wetgevende lichamen)

Definition: The “General government” sector • Government departments (Départements includes all institutional units which are non- ministériels/ Ministeries) market producers, the output of which is intended for individual and collective • Federal government agencies (Services consumption, and which are mainly financed publics fédéraux/Federale by compulsory payments made by units Overheidsdiensten) belonging to other sectors, and/or all institutional units principally engaged in the • Programming government agencies redistribution of national income and wealth. (Services publics de programmation/ The “General government” sector includes the Programmatorische Overheidsdiensten) following sub-sectors: “Central government”, “State government”, “Local government” and • Scientific and cultural institutions “Social security funds”. Institutional units (Institutions scientifiques et culturelles/ belonging to the “General government” sector Wetenschappelijke en culturele or to the “State government” sub-sector are not instellingen) identified by their legal form, but are classified according to their territory of competence. • Public institutions belonging to category A (Organismes d’intérêt public catégorie A/ According to the degree of (in)dependence of Instellingen van openbaar nut categorie A) the government departments, many public institutions in the “General government” sector • Public institutions belonging to category B are classified as categories A, B or C, as referred (Organismes d’intérêt public catégorie B/ to in the Law of 16 March 1954. Depending on Instellingen van openbaar nut categorie B) the classification of the related government departments, these types of public institutions • Public institutions belonging to category C are classified as “Central government” or as (Organismes d’intérêt public catégorie C/ “State government”. Public institutions of Instellingen van openbaar nut categorie C) category D are typically, although not exclusively, classified under “Social security • Public institutions belonging to category D funds”. (Organismes d’intérêt public catégorie D/ Instellingen van openbaar nut categorie D) 2.1 CENTRAL GOVERNMENT • Institutions not classified in the Law of 16 Definition: Legislative bodies, government March 1954 departments and state institutions, the competence of which extends over the entire • Services with autonomous accounts economic territory of Belgium (with the (Services à comptabilité autonome/Diensten exception of “Social security funds”). met autonome boekhouding)

Types of entities and entities belonging to this • Economic and social advisory boards sub-sector: (Organismes consultatifs économiques et sociaux/Economische en sociale • Cabinet of the Head of State (Cabinet raadgevende instellingen) du Chef de l’Etat/Kabinet van het Staatshoofd)

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 18 March 2007 BELGIUM • Special corps (Corps spéciaux/Bijzondere • Communauté germanophone/Duitstalige korpsen) Gemeenschap

• Other institutions. • Région de Bruxelles-Capitale/Brussels Hoofdstedelijk Gewest Borderline cases: • Région wallonne/Waals Gewest. As schools and universities are managed and/or financed by the Communautés/ Types of entities belonging to this sub-sector: Gemeenschappen, these institutions are classified as “State government”. Schools • Legislative bodies (Organes législatifs/ organised by provinces and municipalities are Wetgevende lichamen) classified as “Local government”. One exception to this rule is the Royal Military • Government departments (Départements School (Ecole royale militaire/Koninklijke ministériels/Ministeries) militaire school), which is classified as “Central government”. • Scientific and cultural institutions (Institutions scientifiques et culturelles/ 2.2 STATE GOVERNMENT Wetenschappelijke en culturele instellingen) Definition: The various state governments, which are separate institutional units exercising • Public institutions belonging to category A some government functions at a level below (Organismes d’intérêt public catégorie A/ that of the central government and above Instellingen van openbaar nut categorie A) that of the government institutional units existing at the local level. In Belgium this • Public institutions belonging to category B sub-sector consists of regions (Régions/ (Organismes d’intérêt public catégorie B/ Gewesten) and communities (Communautés/ Instellingen van openbaar nut categorie B) Gemeenschappen). • Institutions not classified in the Law of Regions and communities (exhaustive list): 16 March 1954

• Commission communautaire commune/ • Services with autonomous accounts Gemeenschappelijke (Services à comptabilité autonome/Diensten Gemeenschapscommissie met autonome boekhouding)

• Commission communautaire flamande/ • Universities (Institutions universitaires/ Vlaamse Gemeenschapscommissie Universiteiten)

• Commission communautaire française/ • Other institutions. Franse Gemeenschapscommissie 2.3 LOCAL GOVERNMENT • Communauté flamande/Vlaamse Gemeenschap Definition: All types of public administrations, the competence of which only extends across a • Communauté française/Franse local area within the economic territory. For Gemeenschap Belgium, these principally consist of provinces and municipalities.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 19 Types of entities belonging to this sub-sector: classified under this sub-sector in money and banking statistics (see sub-section 3.1.1.). • Provinces (Provinces/Provincies) Types of entities belonging to this sub-sector • Municipalities (Communes/Gemeenten) (illustrative list):

• Other local authorities. • Broker-dealers (Sociétés de bourse/ Beursvenootschappen) 2.4 SOCIAL SECURITY FUNDS • Corporations engaged in factoring Definition: All institutional units whose (Entreprises de factoring/Factoring- principal activity is to provide social benefits, ondernemingen) as regulated by law (under the responsibility of the government); no direct link usually exists • Corporations engaged in financial leasing between the size of the contribution paid and (Entreprises de leasing financier/Financiële the risk to an individual. leasingondernemingen)

Types of entities and entities belonging to this • Corporations engaged in granting sub-sector (illustrative list): mortgages (Entreprises hypothécaires/ Hypotheekondernemingen) • Public institutions belonging to category A (Organismes d’intérêt public catégorie A/ • Corporations engaged in the provision of Instellingen van openbaar nut categorie A) consumer credit (Crédit à la consommation/ Consumentenkrediet) • Public institutions belonging to category D (Organismes d’intérêt public catégorie D/ • Financial holdings (Holdings financiers/ Instellingen van openbaar nut categorie D) Financiële holdings)

• Institutions not classified in the Law of • Mutual funds other than money market 16 March 1954 funds (MMFs) (Organisme de placement collectif non monétaire/ niet-monetaire • Medical insurance funds (Mutualités/ instellingen voor collectieve belegging Ziekenfondsen): only compulsory – Open-end mutual funds (Sociétés insurance d’investissement à capital variable/ Beleggingsvennootschappen met • Other institutions belonging to this sub- veranderlijk kapitaal) sector. – Closed-end investment funds (Sociétés d’ investissement à capital fixe/ Beleggingsvennootschappen met vast 3 CLASSIFICATION OF ENTITIES BELONGING kapitaal) TO THE “OTHER RESIDENTS” SECTOR – Financial vehicle corporations (Organismes de placement en créances/Instellingen voor 3.1 OTHER FINANCIAL INTERMEDIARIES (OFIS) belegging in schuldvorderingen).

Definition: All institutional units, other than MFIs, insurance corporations and pension funds, that are principally engaged in financial intermediation. “Financial auxiliaries” are

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 20 March 2007 BELGIUM 3.1.1 FINANCIAL AUXILIARIES Borderline cases: Definition: All institutional units engaged primarily in activities closely related to Securities dealers, as referred to in the Law financial intermediation, but which do not of 6 April 1995 (Sociétés de bourse/ themselves perform an intermediation role. Beursvennootschappen) are classified as “OFIs” Financial auxiliaries will be identified in their capacity as financial intermediaries (not separately for national accounts purposes, as financial auxiliaries), because they are allowed according to the ESA 95, and treated as a sub- to deal in securities on their own account. sector of “OFIs” in money and banking statistics. Loan brokers, insurance brokers, etc. are classified as “Financial auxiliaries” if they are Types of entities and entities belonging to this corporations (i.e. artificial persons under sub-sector (illustrative list): private law). If the loan brokers, insurance brokers, etc. are individuals (i.e. natural • Managers of mutual funds (Sociétés de persons), they are classified as “Households”. gestion de fonds communs de placements/ Beheersvennootschappen van 3.2 INSURANCE CORPORATIONS AND PENSION gemeenschappelijke beleggingsfondsen) FUNDS

• Corporations engaged in (financial) asset Definition: All institutional units that are management and investment consultancy primarily engaged in financial intermediation (Sociétés de gestion de fortune et de as the consequence of the pooling of risks. conseil en placements/Vennootschappen voor vermogensbeheer en voor Types of entities and entities belonging to this beleggingsadvies) sub-sector (illustrative list):

• Financial instrument broking corporations • Insurance corporations as referred to in the (Sociétés de courtage en instruments Law of 9 July 1975 (Entreprises d’assurance/ financiers/ Vennootschappen voor makelarij Verzekeringsinstellingen) in financiële instrumenten) • Pension funds as referred to in the Law of • Brokerage companies trading in financial 9 July 1975 (Fonds de pension/ instruments (Sociétés de placement d’ordres Pensioenfondsen) en instruments financiers/Vennootschap voor plaatsing van orders in financiële • Other institutions: instrumenten) – Office national du Ducroire/Nationale Delcrederedienst • Foreign exchange offices – legal persons – Fonds de protection des dépôts et des (Bureaux de change – personnes morales/ instruments financiers/Beschermingsfonds Wisselkantoren – rechtspersonen) voor deposito’s en financiële instrumenten

• Representative offices (Bureaux de 3.3 NON-FINANCIAL CORPORATIONS représentation/ Vertegenwoordigingskantoren) Definition: All institutional units, the distributive and financial transactions of which • Other institutions. are distinct from those of their owners, which are market producers, and the principal activity of which is the production of goods and non- financial services.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 21 Types of entities belonging to this sub-sector market producers of goods or non-financial (illustrative list): services.

• Legal persons under private law (Personnes Borderline cases: morales de droit privé/Privaatrechtelijke rechtspersonen), as identified by a national Holding corporations are classified as “Non- or VAT number starting with 4. This group financial corporations” if the corporations that comprises the following types of legal they control and direct, or for which they persons (these types of legal personality do coordinate certain activities, are mostly non- not guarantee that the entity is non-financial, financial market producers. If these corporations see sub-section 3.1): are mostly financial market producers, the holding corporations are classified as “Financial a) Commercial corporations (Sociétés corporations”. commerciales/ Handelsvennootschappen): Coordination centres (Centres de coordination/ Coördinatiecentra), as referred to in the Royal – Société anonyme (SA)/Naamloze Decree of 30 December 1982, are classified as vennootschap (NV) “Non-financial corporations”.

– Société en commandite par actions 3.4 HOUSEHOLDS (SCA)/Commanditaire vennootschap op aandelen (CVA) Definition: All individuals or groups of individuals, both consumers and (possibly) – Société en commandite simple (SCS)/ entrepreneurs, producing market goods and Gewone commanditaire vennootschap offering services, provided that, in the latter (GCV) case, the corresponding activities are not those of separate entities treated as quasi- – Société en nom collectif (SNC)/ corporations. Vennootschap onder firma (VOF) Types of entities belonging to this sub-sector – Société privée à responsabilité limitée (illustrative list): (SPRL)/Besloten vennootschap met beperkte aansprakelijkheid (BVBA) • Natural persons (Personnes physiques/ Natuurlijke personen) or partnerships – SPRL-Unipersonnelle (SPRLU)/ without independent legal status Eenpersoons-BVBA (EBVBA) (Groupement de droit privé non doté de la personnalité juridique/Privaatrechtelijke b) Cooperative corporations (Société groeperingen zonder rechtspersoonlijkheid), coopérative (SC)/Coöperatieve other than those treated as quasi- vennootschap (CV)) corporations, which are market producers liable to VAT regulations. Natural persons c) Agricultural corporations (Société are identified by a VAT number starting agricole (SAGR)/ with 5, 6, 7 or 8. Landbouwvennootschap (LV)) • Natural persons active as agriculturists or • Legal persons in public law (Personnes practising a profession which is not liable to morales de droit public/Publiekrechtelijke VAT regulations: rechtspersonen), as identified by a national – Lawyers (Avocats/Advocaten) or VAT number starting with 2, which are

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 22 March 2007 BELGIUM – Medical professions (Professions c) Those that are non-market producers but are médicales/Medische beroepen) mainly controlled and financed by the – Notaries (Notaires/Notarissen) general government are classified as “General government”. Non-profit • Natural persons other than (independent) associations are classified according to the market producers. sub-sector that controls and finances them.

3.5 NON-PROFIT INSTITUTIONS SERVING Typical examples are schools and universities HOUSEHOLDS managed by non-profit associations; owing to the fact that these schools and universities are Definition: All institutional units which serve financed mainly by the communities, these households as other private other non-market non-profit associations are classified under producers and which are neither controlled nor “State government”. financed (for the most part) by the general government. 4 BORDERLINE CASES IN THE DELIMITATION Types of entities belonging to this sub-sector OF THE DOMESTIC AREA (illustrative list): Certain institutional units which are physically • The typical legal form of these types of located within the geographical area of Belgium activities is a non-profit association do not, however, belong to the country’s (Association sans but lucratif (ASBL)/ economic territory. Typical examples of such Vereniging zonder winstoogmerk (VZW)). foreign enclaves are embassies, consulates or The main types of non-profit associations military bases and international organisations included here are as follows: (e.g. the institutions of the EU, NATO and the – Charities, relief and aid organisations Supreme Headquarters Allied Powers Europe – Churches or religious societies (SHAPE)). – Social, cultural, recreational and sports clubs – Trade unions (Syndicats/Vakbonden). 5 ADDITIONAL SOURCES OF INFORMATION AND CONTACT PERSONS Borderline cases: Additional sources of information: According to the ESA 95 criteria, only a certain number of institutions with the legal form of non- For additional information on the contents of profit associations (ASBL/VZW) are classified as the sectoral breakdown, please contact the “Non-profit institutions serving households”. Nationale Bank van België/Banque Nationale These can be divided into three categories: de Belgique by e-mail at nationalaccounts@ nbb.be. A more detailed list illustrating the a) Those that are market producers and sectoral classification of individual entities is principally engaged in the production of available on request. goods and non-financial services are classified as “Non-financial corporations”; b) Those that are market producers and principally engaged in the production of financial services are classified as “Financial corporations”; and

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 23 Contact persons:

Mr N. Motte Tel.: +32 2 221 30 47 E-mail: [email protected]

Mr C. Modart (General government) Tel.: +32 2 221 30 26 Fax: +32 2 221 32 30 E-mail: [email protected]

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 24 March 2007 BULGARIA BULGARIA 1 INTRODUCTION (shareholder company), and “ООД” stands for “дружество с ограничена отговорност” 1.1 GENERAL REMARKS (limited liability company). “ЕАД” and ЕООД” have the same meaning, but they indicate that The sectoral classification of domestic non- the company has only one shareholder. Note MFIs in Bulgaria is consistent with ESA 95 that there practices differ with regard to concepts and definitions. The main non-MFI translating these suffixes into the names of the sectors are “General government” and “Other companies in English. For example, the suffixes residents” (the latter is also referred to as the are translated as plc, Ltd, JSCO, Inc. or simply “Non-government” sector). AD, EAD, OOD or EOOD. The suffix “ET” stands for sole proprietor. Such a company may “General government” consists of the “Central be classified as a non-financial corporation or government”, “Local government” and “Social household, depending on its size and activities security funds” sub-sectors. “State government” (i.e. the scale of its business). is not applicable in Bulgaria. Акционерно дружество със специална “Other residents” comprises the “Non-financial инвестиционна цел, АДСИЦ (joint stock corporations”, “Financial corporations, other special purpose investment companies than MFIs”, “Households” and “Non-profit (JSSPICs)) see the “OFIs” sector institutions serving households” sectors. Пенсионно-осигурителна компания, ПОК or The “Non-financial corporations” sector is Пенсионно-осигурително дружество, ПОД further divided into the “Public non-financial (pension insurance companies (PICs)) see corporations” and “Private non-financial the “Financial auxiliaries” sector corporations” sub-sectors. Професионален пенсионен фонд, ППФ The “Financial corporations, other than MFIs” (occupational pension funds (OPFs)) see the sector is further divided into the “OFIs”, “Insurance companies and pension funds” “Financial auxiliaries” and “Insurance sector corporations and pension funds” sub-sectors. Универсален пенсионен фонд, УПФ The “Households” sector is further divided into (universal pension funds (UPFs)) see the “Employers and self-employed persons” and “Insurance companies and pension funds” “Other types of households” sub-sectors. The sector former includes “Employers” (S.141 + S.142), while the latter includes the “Employees” Доброволен пенсионен фонд, ДПФ (voluntary (S.143), “Recipients of property incomes” pension funds (VPFs)) see the “Insurance (S.1441), “Recipients of pensions” (S.1442), companies and pension funds” sector “Recipients of other transfer incomes” (S.1443) and “Others” (S.145) sub-sectors according to Инвестиционно дружество, ИД (investment ESA 95 definitions. companies) see the “OFIs” sector

1.2 KEY WORDS FOR SECTORISATION Инвестиционен фонд, ИФ (investment funds) see the “OFIs” sector The suffixes “АД”, “ЕАД”, “ООД” and “ЕООД” indicate that an institution should be Договорен фонд, ДФ (translated into English classified within the corporate sector, but do as common funds, contractual funds or mutual not necessarily mean that it is privately owned. funds) see the “OFIs” sector. “АД” stands for “акционерно дружество”

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 25 2 CLASSIFICATION OF ENTITIES BELONGING TO • the National TV and the National Radio, THE “GENERAL GOVERNMENT” SECTOR also autonomous budget entities.

2.1 CENTRAL GOVERNMENT Entities belonging to this sub-sector (illustrative list): Definition: All institutional units that offer public services must also distribute national – Министерски съвет (Council of income and guarantee the operation of a social Ministers) and economic system. These units comprise ministries, institutions and other central – Министерство на финансите (Ministry of agencies, extra-budgetary funds and Finance) administrative departments of the government whose competence extends over the whole – Министерство на отбраната (Ministry of economic territory, except for the administration Defence) of social security funds. – Министерство на вътрешните работи Types of entities belonging to this sub-sector (Ministry of Interior) (illustrative list): – Министерство на външните работи • Народно събрание, Парламент (National (Ministry of Foreign Affairs) Assembly, Parliament) – Държавна агенция за младежта и спорта • Администрация на президента (Office of (Government Agency for Youth and Sport) the President) – Българска национална телевизия • Конституционен съд (Constitutional Court) (Bulgarian National Television)

• Сметна палата (National Audit Office) – Българско национално радио (Bulgarian National Radio) • Министерства (Ministries) – Българска академия на науките (Bulgarian • Държавни агенции (Government Academy of Science) Agencies) – Софийски университет “Св. Климент • Изпълнителни агенции (Executive Охридски” (Sofia University “St. Kliment Agencies) Ohridski”)

• Hospitals which are included within the – Университет за национално и световно administrative and budget structure of a стопанство (University of National and ministry (the Ministry of Transport, the World Economy). Ministry of Defence, the Ministry of Interior etc.) 2.2 STATE GOVERNMENT

• Висш съдебен съвет - The Higher Judicial Not applicable. Council, an autonomous budget entity 2.3 LOCAL GOVERNMENT • Public universities and the Bulgarian Academy of Science, which are autonomous Definition: All institutional units that offer budget entities. public services, deal with the distribution of

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 26 March 2007 BULGARIA national income, and guarantee the operation Social security funds managed by the National of the local social and economic system. These Social Security Institute and the National comprise the local government/authorities, Health Insurance Fund are classified in this whose competence extends to the relevant part sub-sector. of the country’s economic territory, except for the administration of social security funds. 3 CLASSIFICATION OF ENTITIES BELONGING TO Types of entities belonging to this sub-sector THE “OTHER RESIDENTS” SECTOR (illustrative list): 3.1 OTHER FINANCIAL INTERMEDIARIES (OFIS) • Общини (municipalities) Definition: 1. Institutional units which are • Schools and hospitals, mainly financed by principally engaged in financial intermediation the municipal budgets. by:

Entities belonging to this sub-sector (illustrative a) incurring liabilities (in forms other than list): currency, deposits and/or close substitutes for deposits) from institutional units other – Община София (Municipality of Sofia) than MFIs, or

– Община Варна (Municipality of Varna) b) incurring liabilities other than insurance and pension reserves. – Община Пловдив (Municipality of Plovdiv) Types of entities belonging to this sub-sector (illustrative list): – Община Бургас (Municipality of Burgas) • Corporations engaged in financial leasing – Община Русе (Municipality of Rousse) • Corporations engaged in hire purchase and – Община Стара Загора (Municipality of the provision of personal or commercial Stara Zagora). finance

2.4 SOCIAL SECURITY FUNDS • Corporations engaged in factoring

Definition: Central institutional units whose • Securities and derivatives dealers main activity is to provide social benefits and which fulfil each of the following two criteria: • Specialised financial corporations such as venture and development capital companies 1) Certain groups of population are obliged by and export/import financing companies law or by regulation to participate in the scheme or to pay contributions; • Financial vehicle corporations

2) The general government is responsible for • Holding corporations which only control the management of the institution in respect and direct a group of subsidiaries principally of the settlement or approval of the engaged in financial intermediation and/or contributions and benefits independently in auxiliary financial activities, but which from its role as supervisory body or are not themselves financial corporations employer.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 27 • Collective investment undertakings, other – АДВАНС ТЕРАФОНД АДСИЦ than MMFs (Advance Terrafund JSSPIC) – АКТИВ ПРОПЪРТИС АДСИЦ (Active Entities belonging to this sub-sector (illustrative Properties JSSPIC) list): – БЕНЧМАРК ФОНД ИМОТИ АДСИЦ (BenchMark Fund Estates REIT) • Collective investment undertakings – БЛЕК СИЙ ИНВЕСТМЪНТ АДСИЦ (investment funds, common funds, (Black Sea Investment JSSPIC) contractual funds, mutual funds): – ЕЛАНА ФОНД ЗА ЗЕМЕДЕЛСКА – АДВАНС ИНВЕСТ АД (Advance ЗЕМЯ АДСИЦ (Elana Agricultural Invest) Land Opportunity Fund JSSPIC) – ЕЛАНА ВИСОКОДОХОДЕН ФОНД – И АР ДЖИ КАПИТАЛ - 1 АДСИЦ АД (Elana High Yield Fund) (ERG Capital – 1 JSSPIC) – ЕЛАНА ЕВРОФОНД АД (Elana – И АР ДЖИ КАПИТАЛ -2 АДСИЦ Eurofund) (ERG Capital – 1 JSSPIC) – ИД ЗЛАТЕН ЛЕВ АД (Zlaten Lev – ИНТЕРКАПИТАЛ ПРОПЪРТИ investment company) ДИВЕЛОПМЪНТ АДСИЦ (Intercapital – ТИ БИ АЙ ЕВРОБОНД АД (TBI Property Development JSSPIC) Eurobond Investment Company) – ПРАЙМ ПРОПЪРТИ БГ АДСИЦ – ДОГОВОРЕН ФОНД ТИ БИ АЙ (Prime Properties BG JSSPIC) ДИНАМИК (TBI Dynamic Fund) – ФОНД ЗА НЕДВИЖИМИ ИМОТИ – ДОГОВОРЕН ФОНД ТИ БИ АЙ БЪЛГАРИЯ АДСИЦ (Real Estate Fund ХАРМОНИЯ (TBI Harmony Fund) Bulgaria JSSPIC) – ДФ ЕЛАНА БАЛАНСИРАН ЕВРО • Venture and development capital ФОНД (Elana Balanced Euro Fund) companies: – ДФ РАЙФАЙЗЕН (БЪЛГАРИЯ) – Транс-Болкан Фонд България (Trans БАЛАНСИРАН ФОНД (Raiffeisen Balkan Bulgaria Fund) (Bulgaria) Balanced Fund) – Кеърсбек България (Caresbac – ДФ РАЙФАЙЗЕН (БЪЛГАРИЯ) ФОНД Bulgaria) АКЦИИ (Raiffeisen (Bulgaria) Shares – „Адванс Екуити Холдинг” АД Fund). (Advance Equity Holding).

• Investment intermediaries: 3.1.1 FINANCIAL AUXILIARIES – Бенчмарк Финанс АД (Benchmark Definition: Institutional units that are closely Finance) connected with financial intermediation but are – Булброкърс АД (Bulbrokers AD) not financial intermediaries. – Елана Трейдинг (Elana Trading) – Карол АД (Karoll) Types of entities belonging to this sub-sector – Капман АД (Capman Inc.) (illustrative list): – Първа финансово брокерска къща (First Financial Brokerage House) • Insurance brokers, insurance and pension consultants, etc. • Factoring companies: – Уникредит Факторинг ЕАД (UniCredit • Loan brokers, securities brokers, investment Factoring) advisers, etc.

• Joint stock special purpose investment • Corporations providing infrastructure for companies (JSSPICs): financial markets

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 28 March 2007 BULGARIA • Managers of pension funds, mutual funds, • Management companies – these manage etc. different types of collective investment undertakings and venture capital • Corporations providing stock exchange and companies: insurance exchange – ЕЛАНА ФОНД МЕНИДЖМЪНТ АД (Elana Fund Management) • Non-profit institutions recognised as – КАРОЛ КАПИТАЛ МЕНИДЖМЪНТ independent legal entities serving financial ЕАД (Karoll Capital Management) corporations, but not engaged in financial – БЕНЧМАРК АСЕТ МЕНИДЖМЪНТ intermediation or auxiliary financial АД (BenchMark Asset Management) activities. – РАЙФАЙЗЕН АСЕТ МЕНИДЖМЪНТ (БЪЛГАРИЯ) ЕАД (Raiffeisen Asset Entities belonging to this sub-sector (illustrative Management (Bulgaria)) list): – ТИ БИ АЙ АСЕТ МЕНИДЖМЪНТ ЕАД (TBI Asset Management). – “Българска фондова борса – София” АД (Bulgarian Stock Exchange, Sofia) 3.2 INSURANCE CORPORATIONS AND PENSION FUNDS – Централен депозитар АД (Central Depository AD) Definition: Financial corporations which are engaged in financial intermediation as the – БОРИКА АД (BORICA Ltd) consequence of taking insurance and pension risks (and which incur liabilities in the form of – Фонд за гарантиране на влоговете в insurance and pension reserves). банките (Deposit Insurance Fund) Types of entities belonging to this sub-sector – Фонд за компенсиране на инвеститорите (illustrative list): в ценни книжа (Securities Investor Compensation Fund) • Insurance corporations, which are divided into two groups: (1) general insurance – Асоциация на търговските банки companies, and (2) life assurance companies (Association of Commercial Banks) and mutual insurance cooperative societies

• Pension insurance companies – these • OPFs, UPFs and VPFs. These institutions institutions are managers of the pension represent the second and third tiers of the funds included in the “Insurance companies social security system in Bulgaria. They are and pension funds” sub-sector: managed by pension insurance companies – ПОК „Доверие“ АД (PIC Doverie plc) (PICs). The latter are classified as financial – ПОК „Съгласие“ АД (PIC Saglasie auxiliaries. Social security funds managed plc) by the National Social Security Institute – ПОК „ДСК - Родина“ АД (PIC DSK- (the first tier of the social security system in Rodina plc) Bulgaria) are included in the “Social security – ПОД „Алианц България“ АД (PIC funds” sub-sector within the “General Allianz-Bulgaria plc) government” sector – „Ай Ен Джи ПОД“ ЕАД (ING PIC plc). • Health insurance companies.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 29 Entities belonging to this sub-sector (illustrative – Voluntary pension funds – these are list): financed by voluntary contributions from the employees and/or the • General insurance companies: employers – ЗПАД “Алианц България” АД (ZPAD Allianz Bulgaria AD) Each of these three types of pension funds has – ЗПАД “Булстрад” АД (ZPAD Bulstrad the same name as the managing pension AD) insurance company. – “ДЗИ - Общо застраховане” АД (DZI – General Insurance AD) • Health insurance companies – these are – “Ей Ай Джи България застрахователно financed by voluntary contributions from и презастрахователно дружество” employees and/or employers, and pay for ЕАД (AIG Bulgaria Insurance and additional healthcare services to the insured Reinsurance Company, EAD) persons: – “Интерамерикан България ЗАД” – „Обединен здравноосигурителен фонд (Interamerican Bulgaria ZAD) Доверие“ АД (DOVERIE United Health – “ХДИ” ЗАД (HDI ZAD) Insurance Fund AD) – “Кю Би И Интернешънъл Иншурънс – „ТИ БИ АЙ ЗДРАВНО ОСИГУРЯВАНЕ“ Лимитид – клон София” (QBE АД (TBI – Health Insurance AD) International Insurance Limited – Sofia – „Здравно осигурително акционерно Branch) дружество ДЗИ“ АД (Health Insurance Joint Stock Company DZI AD). • Life insurance joint stock companies and mutual insurance cooperative societies: 3.3 NON-FINANCIAL CORPORATIONS – “ДЗИ” АД (DZI AD) – ЗАД “Алианц България Живот” АД Definition: Institutional units that are market (ZAD Allianz Bulgaria Life AD) producers, and whose main activity is the – “Ей Ай Джи Лайф (България) production of goods and non-financial services. Животозастрахователно Дружество” For the purposes of monetary statistics, non- ЕАД (AIG Life (Bulgaria) Life Insurance financial corporations are presented according Company EAD) to type of ownership – public or private. Public – “Граве България” АД (Grawe Bulgaria corporations are non-financial corporations AD) subject to control by units of the public sector, – ЗАД “Булстрад Живот” АД (ZAD i.e. public units hold 50% or more of the capital Bulstrad Life AD) and are directly or indirectly entitled to define company policy and to appoint directors. • Pension funds – usually each pension Private corporations are non-financial insurance company (see the “Financial corporations subject to control by private auxiliaries” sub-sector) establishes and national or foreign institutional units, i.e. these manages three separate pension funds: units hold 50% or more of the capital, and are – Occupational pension funds – these are directly or indirectly entitled to define company financed by mandatory contributions by policy and appoint directors. the employers for employees with certain occupations (e.g. miners) Types of entities belonging to this sub-sector – Universal pension funds – these are (illustrative list): financed by mandatory contributions (divided between the employer and the • Public corporations employee) for employees born after 31.12.59 • Private non-financial corporations

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 30 March 2007 BULGARIA • Non-profit institutions serving non-financial The sector also includes sole proprietorships corporations. and partnerships without independent legal status which are market producers. Entities belonging to this sub-sector (illustrative list): Types of entities belonging to this sub-sector (illustrative list): • Public corporations: – Национална електрическа компания • Sole proprietors and self-employed persons, ЕАД (National Electric Company) the accounts of which are not separable – Български държавни железници ЕАД from those of the households of which they БДЖ-ЕАД (Bulgarian State Railways form part. These are households for which BDZ-EAD) the incomes from their activity as producers – Национална компания “Железопътна of market goods and services are the largest инфраструктура” (Railway source of income for the household as a Infrastructure National Company) whole, even if this amount does not always – “АЕЦ Козлодуй” ЕАД (“NPP Kozloduy” account for more than a half of total EAD) household income – “Мини Марица Изток” ЕАД (Mini Maritca Iztok EAD) • Households for which the income accruing from compensation of employees is the • Private corporations: largest source of income for the household – Българска телекомуникационна as a whole компания – БТК (Bulgarian Telecommunication Company (BTC)) • Households for which property income is – БТК Мобайл ЕООД (BTC Mobile) the largest source of income for the – Мобилтел АД (Mobiltel) household as a whole – Космо България Мобайл ЕАД (Cosmo Bulgaria Mobile EAD) • Households whose largest income source – Петрол АД (Petrol AD) consists of retirement or other pensions, – Лукойл Нефтохим (LukOil Neftochim) including pensions from previous employers – Солвей-Соди АД (Solvay-Sodi JSC) or other current transfers – Хемус Ер (Hemus Air). • Households whose largest income consists Borderline cases: of all current transfers, other than property income or pensions Some sole proprietors are, according to the scale of their business, classified in this sector • Persons with little or no autonomy of action and not in the “Households” sector. or decision in economic matters who permanently live in institutions (e.g. 3.4 HOUSEHOLDS members of religious orders living in monasteries, long-term hospital patients, Definition: Individuals or groups of individuals long-serving prisoners, permanent residents as consumers and possibly also as entrepreneurs, of retirement homes, etc.). producing market goods and non-financial and financial services (market producers). The 3.5 NON-PROFIT INSTITUTIONS SERVING sector includes individuals or groups of HOUSEHOLDS individuals as producers of goods and non- financial services exclusively for their own Definition: Non-profit institutions that are final use. separate legal entities, whose main activity is

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 31 connected with servicing, supporting and 5 ADDITIONAL SOURCES OF INFORMATION assisting households. Their principal resources, AND CONTACT PERSONS apart from those derived from occasional sales, are derived from voluntary contributions in Additional sources of information: cash or in kind from households in their capacity as consumers, from payments made by the The Bulgarian Financial Supervision general government sector, and from property Commission (FSC) keeps public registers of income. This category includes trade unions, regulated security markets, investment political parties, foundations, associations, companies, management companies, common/ churches or religious societies, and social, contractual funds, insurance and reinsurance cultural and sports clubs. companies, health insurance companies, insurance brokers and insurance agents, Types of entities belonging to this sub-sector supplementary social insurance companies and (illustrative list): funds. More information and a current list of these institutions can be obtained from the FSC • Trade unions website (http://www.fsc.bg).

• Political parties Contact person:

• Churches or religious societies Ms Violeta Peicheva Bulgarian National Bank • Clubs for social, cultural, recreational and Statistics Directorate, Monetary and Banking sporting activities Statistics Division

• Charities, relief and aid organisations. I Alexander Battenberg Sq. Sofia 1000 Entities belonging to this sub-sector (illustrative Tel.: +359 2 9145 1587 list): Fax: +359 2 980 2425 E-mail: [email protected] – Български червен кръст (Bulgarian Red Cross)

– Българска православна църква (Bulgarian Orthodox Church)

– Конфедерация на независимите синдикати в България КНСБ (Confederation of Independent Trade Unions in Bulgaria (CITUB)).

4 BORDERLINE CASES IN THE DELIMITATION OF THE DOMESTIC AREA

Not applicable.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 32 March 2007 THE CZECH REPUBLIC THE CZECH REPUBLIC 1 INTRODUCTION 1.2 KEY WORDS FOR SECTORISATION

1.1 GENERAL REMARKS See “Central government”:

The Czech sectoral classification of non-MFI • Správa státních hmotných rezerv (State domestic sectors can be broadly split into the Material Reserves Administration) following categories: • Státní fondy: životního prostředí, pro • “General government” (public sector) zúrodnění půdy, kultury, pro podporu a rozvoj kinematografie aj. (National funds: • “Other residents” (private sector). National Environmental Fund, National Land Fertilisation Fund, National Cultural Given the way the Czech state is formally Fund, National Fund for the Support and arranged, the “General government” sector is Development of Czech Cinematography, split into three sub-sectors: etc.)

• Central government • Pozemkový fond České republiky (the Land Fund of the Czech Republic) • Local government • Zdravotní pojišťovny (health insurance • Social security funds. companies)

The “Other residents” sector is composed of: • Česká konsolidační agentura (Czech Consolidation Agency). • The “Financial corporations other than MFIs” sector, which consists of financial See “Other financial intermediaries and corporations and quasi-corporations which financial auxiliaries”: are principally engaged in financial intermediation (financial intermediaries) or • Banky v konkursu a v likvidaci (se zaniklou in auxiliary financial activities (financial licencí) (banks in bankruptcy and liquidation auxiliaries); insurance activities (except for (with lapsed licences)) mandatory social and health insurance) are regarded as examples of financial • Fond pojištění vkladů (Deposit Insurance intermediation Fund)

• “Non-financial corporations” – corporations, • Burza cenných papírů Praha (Prague Stock quasi-corporations and similar institutions Exchange) which are market producers and whose principal activity is the production of goods • Středisko cenných papírů (Prague Securities and the provision of non-financial services Centre).

• “Households” Non-profit institutions serving households:

• “Non-profit institutions serving • Člověk v tísni (People in Need – a partner households”. organisation of Czech Television).

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 33 2 CLASSIFICATION OF ENTITIES BELONGING • Akademie věd České republiky (Academy TO THE “GENERAL GOVERNMENT” SECTOR of Sciences of the Czech Republic)

2.1 CENTRAL GOVERNMENT • Domovy důchodců a domovy mládeže – částečně (retirement homes and children’s Definition: All institutional units whose homes – partially) competence normally extends over the whole economic territory of the Czech Republic. • Ústavy Akademie věd České republiky (institutions of the Academy of Sciences of These include, in particular: the Czech Republic)

• All organisational units of the state (e.g. • Základní školy (primary schools – ministries, central agencies and organisations partially) controlled by them) whose competence extends over the whole state and which are • Gymnázia (secondary schools – partially) financed from the state (central) budget, including the State Material Reserves • Dětské diagnostické ústavy (children’s Administration diagnostic institutions)

• National funds (e.g. the National • Fakulty Českého vysokého učení technického Environmental Fund, National Land v Praze (faculties of the Czech Technical Fertilisation Fund, National Cultural Fund, University in Prague) National Fund for the Support and Development of Czech Cinematography) • Fakulty Karlovy university v Praze (faculties of Charles University in Prague) • The Land Fund of the Czech Republic • Fakultní nemocnice s poliklinikou (teaching • Other extra-budgetary funds or institutions hospitals with outpatient departments) that redistribute national income and wealth (provided that they are principally engaged • Hygienická stanice hlavního města Prahy in the allocation of subsidies or act as (Prague Public Health Authority) guarantee institutions controlled and mainly financed by the government) • Hasičské záchranné sbory – částečně (fire brigades – partially) • Subsidised organisations and similar non- profit institutions whose competence • Katastrální úřady (land registries) extends over the whole state, which are linked to the state (central) budget only • Mětské a místní knihovny (municipal and through contributions, which are non- local libraries) market producers and whose operating costs are more than 50% covered from the state • Národní divadlo(National Theatre) budget (e.g. state and public universities). • Národní knihovna České republiky (National Institutional units administering social security Library of the Czech Republic) funds (e.g. health insurance companies) are not included. • Ústavy sociální péče (social care institutions) Types of entities belonging to this sub-sector (illustrative list): • Úřady práce (labour offices)

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 34 March 2007 THE CZECH REPUBLIC • Česká konsolidační agentura Institutional units administering social security (Czech Consolidation Agency) funds (e.g. health insurance companies) are not included. • Český telekomunikační úřad (Czech Telecommunication Office) Types of entities belonging to this sub-sector (illustrative list): • Řízení letového provozu České republiky (Air Navigation Service of the Czech • Mateřské a základní školy (nurseries and Republic) primary schools)

• Ředitelství silnic a dálnic České republiky • Gymnázia – částečně (secondary schools – (Road and Motorway Directorate of the partially) Czech Republic). • Azylové domy pro matky s dětmi (shelters 2.2 STATE GOVERNMENT for mothers with children)

Given the way the Czech state is formally • Centra pro zdravotně postiženou mládež arranged, no institutional units are classified in (centres for disabled young people) this sub-sector. • Centra sociálních služeb (social services 2.3 LOCAL GOVERNMENT centres)

Definition: Local government covers all • Divadla – částečně (theatres – partially) institutional units whose competence normally extends over a defined part of the territory of • Domovy důchodců a domovy mládeže – the Czech Republic. částečně (retirement homes and children’s homes – partially) These include, in particular: • Dobrovolné svazky obcí (voluntary • Local authorities – regional, city and municipal organisations) municipal authorities (or authorities administering larger territorial units) • Galerie výtvarného umění (art galleries)

• Subsidised organisations which are linked • Hasičské záchranné sbory – částečně (fire to local budgets only through contributions, brigades – partially) whose competence normally extends only locally, which are non-market producers • Státní a městská filharmonická tělesa – and whose operating costs are more than částečně (state and muincipal philharmonic 50% covered from local budgets ensembles – partially)

• Voluntary municipal organisations • Školní jídelny (school canteens).

• Other non-profit institutions whose 2.4 SOCIAL SECURITY FUNDS operating costs are more than 50% covered from local budgets and which are non- The “social security funds” sub-sector market producers. comprises all central, national and local institutional units which provide social benefits and fulfil both of the following two criteria:

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 35 • They collect contributions from certain intermediaries) or auxiliary financial activities groups of the population which by law or by (auxiliary financial institutions); insurance regulation are obliged to participate in activities (except for mandatory social and social and health insurance schemes and to health insurance) are regarded as examples of pay contributions; financial intermediation.

• The general government is responsible for 3.1.1 OTHER FINANCIAL INTERMEDIARIES the management of these units in respect of EXCEPT INSURANCE COMPANIES AND the settlement or approval of these social PENSION FUNDS (S.123) contributions, and benefits independently Definition: All financial corporations and from its role as supervisory body or quasi-corporations which are principally employer. engaged in financial intermediation by incurring liabilities in forms other than currency, deposits This sub-sector includes health insurance and/or close substitutes for deposits from companies, associations of health insurance institutional units other than MFIs, or insurance companies, and similar non-profit institutions. technical reserves. They include in particular financial corporations engaged in long-term Types of entities belonging to this sub-sector financing, which distinguishes them from the (illustrative list): MFIs. They are distinguished from insurance companies by the non-existence of liabilities in • Asociace zdravotních pojišťoven the form of insurance technical reserves. (Association of Health Insurance Companies) They include, in particular:

• Všeobecná zdravotní pojišťovna České • Investment funds and corporations, republiky (General Health Insurance including mutual funds, which engage in Company of the Czech Republic) collective investment, e.g. in transferable securities, unless they are classified in the • Oborová zdravotní pojišťovna zaměstnanců MFI sector bank, pojišťoven a stavebnictví (Industrial Health Insurance Company for Employees • Units engaged in financial leasing of Banks and Insurance Companies). • Units engaged in hire purchase Borderline cases: • Units engaged in factoring Social security (i.e. pension, health insurance, etc.) in the Czech Republic is not split into • Security and derivative dealers (on their autonomous funds, but is a part of central own account) government. • Specialised financial corporations such as venture and development capital companies 3 CLASSIFICATION OF ENTITIES BELONGING or export/import financing companies TO THE “OTHER RESIDENTS” SECTOR • Holding corporations which only control 3.1 OTHER FINANCIAL INTERMEDIARIES (OFIs) and manage a group of subsidiaries principally engaged in financial Definition: All non-MFI financial corporations intermediation and/or in auxiliary financial and quasi-corporations which are principally activities, but which are not financial engaged in financial intermediation (financial corporations themselves.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 36 March 2007 THE CZECH REPUBLIC Sub-sector S.123 does not include non-profit • Corporations whose principal function is to institutions serving other financial guarantee, by endorsement, bills and similar intermediaries; such units are instead classified instruments in sub-sector S.124. • Corporations which arrange derivative For monetary and banking statistics purposes, instruments, such as swaps, options and this sector is subdivided into investment funds futures (without issuing them) (other than MMFs), excluding management companies and other institutions. • Corporations that provide the infrastructure for financial markets Types of entities belonging to this sub-sector (illustrative list): • Corporations that provide stock exchange and insurance exchange services • Leasing České spořitelny • Managers of pension funds, investment • Investiční společnost České spořitelny funds, etc.

• Factoring České spořitelny • Non-profit institutions (e.g. associations) serving financial corporations, but not • CETELEM ČR engaged in financial intermediation or auxiliary financial activities themselves • PPF investiční holding • Corporations whose banking licence has • Pražská energetika holding. lapsed, where they have not changed their object of business, and credit unions that Borderline cases: are bankrupt or in liquidation.

Collective investment (management) companies Sub-sector S.124 does not include holding are currently classified together with their corporations which control and direct units mutual funds in sub-sector S.123; however, in engaged in auxiliary financial activities, but the future they should be transferred to sub- which are not auxiliary financial institutions sector S.124 (excluding mutual funds). themselves; these are classified in sub-sector S.123. 3.1.2 FINANCIAL AUXILIARIES (S.124) Definition: All corporations and quasi- Types of entities belonging to this sub-sector corporations that are engaged in activities very (illustrative list): closely related to financial intermediation but which do not provide financial intermediation • Sazka (Sazka – a lottery and betting themselves. company)

These include, in particular: • Banky v konkursu a v likvidaci – se zaniklou licencí (banks in bankruptcy and liquidation • Insurance brokers, salvage and average (with lapsed licences)) administrators, insurance and pension consultants, etc • Fond pojištění vkladů (Deposit Insurance Fund) • Loan brokers, securities brokers, investment advisers, etc.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 37 • Asociace obchodníků s cennými papíry a • Pension funds (autonomous – independent) makléřů (Association of Investment Firms which insure group risks relating to social and Brokers) risks and needs of the insured persons.

• Středisko cenných papírů (Czech Securities Units administering mandatory social and Centre) health insurance are classified in the general government sector. • Česká asociace pojišťoven / Czech Insurance Association Types of entities belonging to this sub-sector (illustrative list): • Asociace fondů a asset managementu České republiky / The Association of Funds and • Česká pojišťovna (Czech Insurance Asset Management of the Czech Republic Company)

• Směnárny (bureaux de change) • NG pojišťovna (ING Insurance Company

• Společnosti pojišťovacího poradenství • Komerční úvěrová pojišťovna EGAP (insurance advisory companies) (Commercial Credit Insurance Company (EGAP)) • PPF Asset Management • Kooperativa, pojišťovna (Kooperativa • Burza cenných papírů Praha (Prague Stock Insurance Company) Exchange) • Penzijní fond České pojišťovny (Pension • 1. Karlovarská komoditní burza (1st Karlovy Fund of Česká pojišťovna). Vary Commodity Exchange). 3.2 NON-FINANCIAL CORPORATIONS Borderline cases: Definition: Corporations and quasi-corporations Non-bank investment firms are predominantly that are market producers and whose principal classified in sub-sector S.124 (regardless of the activity is the production of market goods and share of trading on their own account). the provision of non-financial services (i.e. services except financial intermediation and 3.1.3 NSURANCE CORPORATIONS AND PENSION insurance). Their distributive and financial FUNDS (S.125) transactions are distinct from those of their Definition: The “Insurance corporations and owners. pension funds” sub-sector consists of all financial corporations and quasi-corporations They include: which are principally engaged in financial intermediation as the consequence of the • Private corporations, cooperatives, state pooling of risks. corporations, municipal corporations

They include: • Subsidised organisations and non-profit companies (Czech Television, Czech Radio) • Insurance corporations which engage in life which are market producers or non-life insurance, and reinsurance institutions

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 38 March 2007 THE CZECH REPUBLIC • Market regulatory agencies whose sole or and quasi-corporations which are majority- principal activity is to buy, hold and sell owned by national units, i.e. which are not agricultural and other food products if the controlled by the general government or by costs of market regulation account for at non-resident units. They include private least 50% of the sale of products corporations, non-profit companies and non- profit institutions serving non-financial • Associations of entrepreneurs (specific corporations (particularly associations of interest clubs of legal entities and natural entrepreneurs – non-financial legal entities). persons entered in the Companies Register) which are non-profit institutions, but are The “Foreign-controlled private non-financial market producers and serve non-financial corporations” sub-sector consists of all corporations corporations and quasi-corporations that are controlled by non-resident institutional units. • Holding companies controlling a group of They include foreign persons (legal and natural) non-financial corporations (if their main entered in the Companies Register of the Czech activity, expressed as value added, is the Republic, e.g. subsidiaries of non-resident production of goods and non-financial corporations that are majority-owned by non- services) resident units. They also include unincorporated agencies, e.g. foreign cultural and information • Private corporations owned by natural centres or radio, press and television agencies persons entered in the Companies Register controlled by a non-resident unit (i.e. including – private quasi-corporations (national) a foreign government).

• Corporations of foreign persons. 3.3 HOUSEHOLDS

The “Non-financial corporations” sector is Definition: The “Households” sector covers divided into three sub-sectors: individuals or groups of individuals as final consumers, as well as entrepreneurs producing 1. Public non-financial corporations market goods and non-financial and financial services, provided that the corresponding 2. National private non-financial corporations activities are not those of separate entities treated as quasi-corporations. This sector also 3. Foreign-controlled private non-financial includes individuals or groups of individuals corporations. producing goods and services for their own final use. The “Public non-financial corporations” sub- sector consists of all non-financial corporations The households sector includes: and quasi-corporations that are controlled by general government. They include in particular • Individuals or groups of individuals whose corporations wholly or mostly owned by principal function is consumption general government (state and municipal corporations, joint stock companies or limited- • Individuals or groups of individuals as liability companies, partnerships), subsidised entrepreneurs that are natural persons organisations and non-profit companies which carrying on business under the Trades are market producers. Licensing Act or other legal rules and which are not entered in the Companies Register The “National private non-financial (sole proprietorships, farmers, private corporations” sub-sector consists of all non- doctors, auditors, tax advisers, lawyers, privately privately owned financial corporations artists, etc.), which are market producers,

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 39 which produce market goods and financial households or by non-profit institutions or non-financial services and whose firms themselves. They provide goods and services are not classified as non-financial principally to their members, usually free of corporations or financial institutions charge or at economically insignificant prices.

• Individuals or groups of individuals whose Their principal resources are derived from main function is consumption but who also voluntary contributions (in cash or in kind) produce goods (e.g. vegetables, fruit, etc.) from households as consumers, from payments and non-financial services for their own made by general governments and from final use property income. Additional resources may be derived from occasional sales of goods and • Persons who permanently live in institutions services. and who have little or no autonomy of action or decision in economic matters. These They include, in particular: persons are treated as comprising, together, a single household, i.e. a single institutional • Political parties and political movements unit. (including organisational units thereof)

The “Households” sector is subdivided by main • Trade unions source of income into six sub-sectors: • Church and religious societies (including 1. Employers and other self-employed those financed but not controlled by the persons government), church schools and church health service or charitable institutions 2. Employees • Various charitable (humanitarian) 3. Recipients of property income organisations financed by voluntary transfers (in cash or in kind) from other 4. Recipients of pensions institutional units

5. Recipients of other transfer income • Consumers’ associations

6. Other households. • Professional or learned societies.

The criterion used for allocating households to This sector also includes other institutional sub-sectors is the largest source from the total units which fulfil the criteria for non-market amount of all types of income received by the producers and which serve households or other household (employers’ income, compensation non-profit institutions included in this sector, of employees, pensions, etc.). namely:

3.4 NON-PROFIT INSTITUTIONS SERVING • Social, cultural, recreational and amateur HOUSEHOLDS sports clubs, as well as educational associations and specific-interest clubs (e.g. Definition: This sector consists of non-profit the Union of Gardeners/Fishermen – as institutions which are separate entities (i.e. individuals) institutional units), which provide non-market goods and services to households, and which • Private schools and pre-school facilities are non-market producers. They are set up, financed and controlled principally by • Non-profit companies

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 40 March 2007 THE CZECH REPUBLIC • Foundations • Zájmové svazy – zahrádkáři, vinaři, včelaři (specific-interest clubs – gardeners, wine- • Housing cooperatives, associations of flat growers, beekeepers) owners or associations of unit owners. • Sdružení vlastníků bytů (associations of flat This sector does not include: owners)

• Non-market, non-profit institutions • Člověk v tísni – společnost při České televizi controlled and mainly financed by (People in Need – an partner organisation of government institutions included in the Czech Television) general government sector (e.g. public universities or associations of health • Horské služby (mountain services) insurance companies – see the “General government” sector) • Sbory dobrovolných hasičů (voluntary fire brigades) • Market non-profit institutions included in the non-financial corporations sector • Soukromé školy (private schools) (e.g. various associations of corporations or production cooperatives – see the “Non- • Autoškoly (driving schools) financial corporations” sector) • Aerokluby (flying clubs) • Market non-profit institutions included in the financial corporations sector (e.g. • Agrární komora (Chamber of Agriculture) associations of financial leasing corporations, associations of investment • Nadace židovské náboženské obce (Jewish funds or associations of commercial community foundations) insurance companies, etc. – see the “Financial corporations” sector) • Politické strany a uskupení (political parties and groups) • Private schools, pre-school facilities, non- profit institutions and similar institutions • Český turistický klub (Czech Ramblers’ whose operating costs are more than 50% Club). financed from public budgets (by government units – see the “General government” sector). 4 NON-RESIDENTS

Types of entities belonging to this sub-sector Non-residents are a grouping of units without (illustrative list): any characteristic functions and resources. They consist of non-resident units engaged in • Odborové svazy (trade unions) transactions with resident units in the Czech Republic. • Farnosti – římskokatolické, evangelické (Roman Catholic an d Protestant parishes) The “Non-residents” sector includes in particular the embassies and consulates of • Myslivecká a honební sdružení (hunting foreign countries and international organisations associations) that have registered offices within the geographical territory of the Czech Republic (e.g. the International Union of Students). For banks, non-financial corporations or other

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 41 resident units, the following units are classified 1. The nomenclature of the institutional sectors as non-residents: their subsidiaries and foreign and sub-sectors for the Czech Republic, branches, and clients and other entities with available from the Czech Statistical Office’s their registered offices outside the economic website (http://www.czso.cz/) under the territory of the Czech Republic with which title “Information of the Czech Statistical they have established economic or other Office of 18 December 2003 on the relations (trading, borrowing or lending, publication of the Nomenclature of cultural relationships, etc.). Institutional Sectors and Sub-sectors (Volume 160/2003 Coll.) with reference to The “Non-residents” sector does not include Volume 9/2002 Coll.” foreign-controlled units (legal and natural persons) included in the “Residents” sectors of 2. The complete list of the Czech Republic’s non-financial corporations and financial institutions broken down according to the corporations or in non-profit institutions sectoral classification ESA 95, available at serving households or in households the Czech Statistical Office’s website (particularly foreign institutions and foreign (http://www.czso.cz/) under the title nationals conducting business in the Czech “Registr ekonomických subjektů” (Register Republic under the Trades Licensing Act or of Economic Entities). other legal rules for more than one year). Contact for information: For analytical reasons, the “Non-residents” sector is statistically subdivided into the Any questions regarding the sectoral following groups of units/sub-sectors: classification for monetary and banking statistics purposes should be sent to Česká • The EU národní banka at: [email protected]

• The Member States of the EU

• The institutions of the EU

• Third countries and international organisations.

For monetary and banking statistics purposes, non-residents are subdivided into sectors in the same manner as residents, within a special supplementary sub-sector, “international organisations”.

5 ADDITIONAL SOURCES OF INFORMATION AND CONTACT FOR INFORMATION

The main sources of information for the sectoral classification of the Czech Republic’s institutions are the following documents issued by the Czech Statistical Office:

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 42 March 2007 DENMARK DENMARK 1 INTRODUCTION Brand see “Insurance corporations and pension funds” 1.1 GENERAL REMARKS Finans (finance) see “OFIs” The non-MFI sectors for Danish residents can be broadly classified into the “General Fondsmægler (stockbroker) see “OFIs” government” sector (known in Denmark as the public sector) and the “Other residents” sector Forsikring (insurance) see “Insurance (known in Denmark as the private sector). corporations and pension funds”

The “General government” sector consists of Holding as a suffix or prefix see “Non- authorities, agencies and institutions, etc., the financial corporations” for non-financial main purpose of which is to produce public holding corporations, and “OFIs” for financial output, i.e. non-market-oriented goods and holding corporations services for collective consumption, and to effect income redistribution. I/S as a suffix or prefix see “Non-financial corporations” In Denmark the “General government” sector consists of “Central government” and “Local Investeringsforening (unit trust) see “OFIs” government” only, since the definition of “State/regional government” does not apply to K/S as a suffix or prefix to the name see the Danish economy. “Non-financial corporations”

“Financial auxiliaries” are identified separately Kommune (municipality) see “Local in the reporting systems, but are classified as government” “OFIs” in published euro area money and banking statistics. These entities conduct Leasing see “OFIs” activities that are auxiliary to financial intermediaries and insurance corporations. Pension see “Insurance corporations and pension funds”. The MFIs have access to a register of enterprises and establishments including sectoral classifications to assist them in sectorising the 2 CLASSIFICATION OF ENTITIES BELONGING domestic counterparties. TO THE “GENERAL GOVERNMENT” SECTOR

1.2 KEY WORDS FOR SECTORISATION 2.1 CENTRAL GOVERNMENT

A.m.b.A as a suffix see “Non-financial Definition: Public authorities and institutions. corporations” In addition, the definition of “Central government” includes public employment A/S as a suffix or prefix see “Non-financial services and other non-integrated central corporations”; see also “OFIs” or “Insurance government entities, e.g. the National Church, corporations and pension funds” as well as some quasi-governmental entities, e.g. state secondary schools and technical Amt (county) see “Local government” schools.

Børsmægler (securities dealer) see “OFIs”

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 43 Types of entities belonging to this sub-sector – Rigsrevisionen (illustrative list): – Skatteministeriet • Arbejdsformidlinger (public employment services) – Statsministeriet

• Danske ambassader & konsulater i udlandet – Udenrigsministeriet. (Danish embassies and consulates abroad) 2.2 STATE GOVERNMENT • Forsvaret (the armed forces) Not applicable. • Højere læreanstalter (higher education institutions) 2.3 LOCAL GOVERNMENT

• Ministerier (departments of state) Definition: Local public authorities. In addition, some quasi-county/local authorities are also • Retssystemet (courts of justice). included in “Local government”, e.g. Amtsrådsforeningen and Kommunernes Entities belonging to this sub-sector (illustrative Landsforening. list): Types of entities belonging to this sub-sector – Arbejdsformidlingen (illustrative list):

– Århus Universitet • Regioner (counties)

– DANIDA • Hospitaler (municipally financed hospitals)

– Danmarks Statistik • Kommuner (municipalities)

– Den Sociale Pensionsfond • Skoler (municipally financed schools).

– Direktoratet for Statens Indkøb Entities belonging to this sub-sector (illustrative list): – Finansministeriet – Ålborg Kommune – Folkekirken – Danske Regioner – Folketinget – Århus Kommune – Forsvarskommandoen – Frederiksberg Kommune – Hofmarskallatet – Hovedstadens Sygehusfællesskab – Københavns Universitet – Københavns Kommune – Odense Universitet – Kommunernes Landsforening – Økonomi- og Erhvervsministeriet – Odense Universitetshospital

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 44 March 2007 DENMARK – Rigshospitalet Entities belonging to this sub-sector (illustrative list): – Region Hovedstaden – Arbejdsmarkedets Tillægspension (ATP) – Region Midtjylland – Lønmodtagernes Garantifond. – Region Nordjylland Borderline cases: – Region Sjælland Lønmodtagernes Dyrtidsfond (LD) used to be – Region Syddanmark classified within “Social security funds”, but is now classified under “OFIs”. – Roskilde Kommune,

Borderline cases: 3 CLASSIFICATION OF ENTITIES BELONGING TO THE “OTHER RESIDENTS” SECTOR Sewage removal and disposal used to be classified as “Local government”, but these 3.1 OTHER FINANCIAL INTERMEDIARIES (OFIs) are now classified as “Non-financial corporations”. Definition: Financial entities and quasi-entities which are principally engaged in financial 2.4 SOCIAL SECURITY FUNDS intermediation by incurring liabilities in forms other than currency, deposits and/or close Definition: Entities that finance themselves substitutes for deposits from institutional units through subscriptions from members and other than MFIs, or insurance technical employers and which fulfil both of the following reserves. Financial holding corporations also criteria: belong to this sector. Financial auxiliaries are classified here in money and banking statistics (i) Certain population groups are obliged by (see sub-section 3.1.1.). law or by regulation to participate in the scheme or to pay contributions; Types of entities belonging to this sub-sector (illustrative list): (ii) The general government is responsible for managing the institution in respect of the • Finansielle leasingselskaber (financial settlement or approval of the contributions leasing companies) and benefits, independently of its role as supervisory body or employer. • Finansieringsselskaber (financing companies) Types of entities belonging to this sub-sector (exhaustive list): • Investeringsforeninger (collective investment institutions other than MMFs) • Arbejdsløshedskasser (unemployment funds) • Kreditkortselskaber (credit card companies) • Sociale fonde (social funds). • Finansielle holdingselskaber (financial holding corporations).

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 45 Entities belonging to this sub-sector (illustrative – Nykredit Invest list): – PBS International A/S – Bankinvest Basis – SBK-Invest – Bankinvest Fjernøsten – SEB Invest – Bankinvest udl. aktier – Sydinvest. – Carnegie Worldwide 3.1.1 FINANCIAL AUXILIARIES – Danske Invest Danmark Definition: The stock exchange, securities dealers, stockbrokers and all activities auxiliary – Danske Invest Dannebrog to financial intermediaries and insurance corporations. – Danske Invest Europa Types of entities belonging to this sub-sector – Danske Invest International (illustrative list):

– Danske Invest Verden • Børsmæglerselskaber (securities companies) – Difko A/S • Fondsbørser (stock exchanges) – Diners Club Danmark A/S • Fondsmæglerselskaber (stockbroking – Egns-Invest firms).

– Electrolux Holding A/S Entities belonging to this sub-sector (illustrative list): – Eurocard Danmark A/S – ABN AMRO Asset Management – Finans Nord A/S Fondsmæglerselskab A/S

– Foras Holding A/S – Børsmæglerselskabet Bjørnskov & Co. A/S

– Investeringsgruppen Danmark – Carnegie Assets Management Fondsmæglerselskab A/S – Jyske Invest – Fondsmæglerselskabet Difko Børs A/S – Midtinvest – Fondsmæglerselskabet Hjort A/S – Nordea Finans Danmark A/S – Fondsmæglerselskabet Investering & – Nordea Invest Danbonds Tryghed A/S

– Nordea Invest Direct – Fondsmælgerselskabet London Investment Services A/S – Nordic Air A/S

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 46 March 2007 DENMARK – Garantifonden for Danske Optioner og Entities belonging to this sub-sector (illustrative Futures list):

– Habro Fondsmæglerselskab A/S – Alka A/S

– Alm. Brand Henton – Alm. Brand A/S

– Indskydergarantifonden – AP Pension

– Københavns Fondsbørs – Codan Forsikring A/S

– Hauser Securities – Danica Pension Fondsmæglerselskab A/S – Dansk Kautionsforsikring A/S – Midas Fondsmæglerselskab A/S – Danske Liv og Pension – Formuepleje A/S, Fondsmæglerselskab – Det Kjøbenhavnske Reassurance Compagnie – Prime Management A/S Fondsmæglerselskab A/S – Europæiske Rejseforsikring A/S – Værdipapircentralen. – GF-Forsikring A/S 3.2 INSURANCE CORPORATIONS AND PENSION FUNDS – Industriens Pensionsforsikring A/S

Definition: Institutional entities, the main – International Health Insurance Danmark function of which is to insure, i.e. pooling A/S risks. This comprises all life assurance and general insurance companies, regardless of – Købstædernes Forsikring ownership, company pension funds, pension funds and funeral cooperatives. – Kommunernes Pensionsforsikring

Types of entities belonging to this sub-sector: – Lærernes Pension

• Livsforsikringsselskaber (life assurance – Lærerstandens Brandforsikring companies) – PFA Pensionsforsikringsaktieselskab • Pensionsfonde (pension funds) – Skandia forsikring A/S • Rejseforsikringssselskaber (travel insurance companies) – TopDanmark A/S

• Skadesforsikringsselskaber (general – Tryg A/S. insurance companies). 3.3 NON-FINANCIAL CORPORATIONS

Definition: Enterprises that are economically and legally independent of their owner, the

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 47 main function of which is to produce non- – Aktieselskabet Korn & Foderstof financial market-related goods and services on Kompagniet the premise that their distribution transactions and financial transactions are separate from – Bang & Olufsen A/S those of their owners. Also included here to the extent that they are not included in the public – Carlsberg A/S sector or the financial sector are publicly owned companies, the main function of which consists – Carlsbergfondet in producing non-financial market-related services; trust funds; and self-governing – Danfoss A/S institutions, the main function of which consists in producing non-financial market-related – Danisco A/S goods and services. Employers’ associations and their funds are also classified within “Non- – Danish Crown A.m.b.A financial corporations”. – Dansk Supermarked A/S Types of entities belonging to this sub-sector (exhaustive list): – Dong Energy

• A.m.b.A (andelsselskab med begrænset – Egmont International A/S ansvar) (cooperative societies with limited liability) – Ess-Food A.m.b.A

• Aktieselskaber (A/S) (Ltd/plc) and – FLS Industries A/S anpartsselskaber (ApS) (private limited companies), except for financial corporations – GN Store Nord A/S and insurance corporations, but including publicly owned limited companies, i.e. the – Grundfos A/S production and distribution of electricity, gas, and water, etc. – Hovedstadsregionens Naturgas I/S (HNG)

• Almennyttige boligselskaber (subsidised – ISS A/S housing companies) – J. Lauritzen A/S • Andelsselskab (cooperative societies) – Lego A/S • Holdingselskab (holding companies) – A.P. Møller-Mærsk A/S • I/S (partnerships) – MD Foods A.m.b.A • K/S (limited partnership companies). – Micro Matic A/S Entities belonging to this sub-sector (illustrative list): – Naturgas Midt-Nord I/S

– A/S Storebælt (Great Belt A/S) – NKT Holding A/S

– Aarhus United A/S – Novo Nordisk A/S

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 48 March 2007 DENMARK – Sund og Bælt Holding Types of entities belonging to this sub-sector (illustrative list): – Øresundsforbindelsen A/S • Fagforeninger (trade unions) – Rockwool International A/S • Fonde (kun ikke-erhversmæssige fonde) – Royal Greenland A/S (only non-commercial foundations)

– Skandinavisk Tobakskompagni A/S • Legater (charitable trusts)

– Berendsen Textil Service A/S • Sportsklubber (undtagen den kommercielle del) (sports clubs, with the exception of the – Superfos A/S commercial component).

– Tele Danmark A/S Entities belonging to this sub-sector (illustrative list): – Velux A/S. – AIDS Fondet 3.4 HOUSEHOLDS – Dansk Blinde Samfund Definition: Individuals and groups of individuals (private households) in their – Dansk Røde Kors capacity as consumers and in their potential capacity as economic operators, i.e. sole – Folkekirkens Nødhjælp traders, etc. These enterprises are included in the household sector, as their distribution – Gigtforeningen transactions and financial transactions cannot be separated from those of their owners. – Hjerteforeningen

Types of entities belonging to this sub-sector – Kræftens Bekæmpelse (exhaustive list): – LO (Landsorganisationen) • Enkeltmandsvirksomheder (sole traders) – Ny Carlsbergfondet • Private husstande (private households). – SiD (Specialarbejderforbundet i Danmark). 3.5 NON-PROFIT INSTITUTIONS SERVING HOUSEHOLDS 4 BORDERLINE CASES IN THE DELIMITATION Definition: Institutions, the production/services OF THE DOMESTIC AREA of which are available for consumption by households either at a price that does not cover The Faroes and Greenland are not included in costs, or even provided free of charge. Unions the economic territory of Denmark in the ESA and organisations, the expenses of which are 95, according to the Commission Decision of entirely or partially covered by membership June 1991 (91/450/EEC). contributions, are also included here.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 49 ADDITIONAL SOURCES OF INFORMATION AND CONTACT PERSON

Additional sources of information

The Central Business Register (CVR) is the central register containing primary data on all businesses in Denmark, regardless of economic and organisational structure. The CVR also covers both public and private businesses.

In addition, the CVR contains detailed information on all limited companies, including fiscal reports, management and financial information and their status, etc. All this information is available for purchase and download from this website.

Non-Danish-speaking users are recommended to access the European Business Registry (EBR) if they wish to access information on Danish companies in their own language. The EBR is available in virtually every European country.

If you need to obtain data from the CVR, limited guidance and support is available, either by e-mail or telephone.

Contact information:

CVR Erhvervs- og Selskabsstyrelsen Kampmannsgade 1 1780 København V Tel.: +45 33 30 77 00 Fax: +45 33 30 77 99

Contact person:

Mr Anders Laursen Danmarks Nationalbank Havnegade 5 DK-1093 Copenhagen K Tel.: +45 33 63 68 32 Fax: +45 33 63 71 24 E-mail: [email protected]

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 50 March 2007 GERMANY GERMANY 1 INTRODUCTION • “Non-financial corporations”.

1.1 GENERAL REMARKS “Individuals” covers:

The German sectoral classification of domestic • The “Households” sub-sector non-MFIs, developed within the framework of banking statistics, refers to the “General “Non-profit organisations” includes: government” sector (the public authorities sector in the reporting system in Germany) and • “Non-profit institutions serving to the “Other residents” sector (the private households”. sector in the reporting system in Germany, i.e. enterprises and individuals including non-profit 1.2 KEY WORDS FOR SECTORISATION organisations). AG (abbreviation of Aktiengesellschaft, stock The “General government” sector includes the corporation or public limited company (plc) “Central government”, “Regional government”, see “OFIs”, “Insurance corporations and “Local government” (including special funds) pension funds” and “Non-financial and (compulsory) “Social security funds” sub- corporations” sectors.

• The “Central government”, “Regional GmbH (abbreviation of Gesellschaft mit government” and “Local government” sub- beschränkter Haftung, a limited liability sectors comprise the federal government, company (private legal entity, unquoted)) state governments, local authorities and see “OFIs”, “Insurance corporations and local authority associations, municipal pension funds” and “Non-financial special-purpose associations regardless of corporations” whether they operate in the public sector or not, and the federal special funds. Bund (federal government) see “Central government” • The “Social security funds” sub-sector includes institutions and facilities of the Sondervermögen des Bundes (federal special social security funds which are not operated funds) See “Central government” as enterprises (e.g. sanatoria and hospitals owned by these funds). Länder (federal states) see “State government” In the reporting system in Germany, the “Other residents” sector is further subdivided into Gemeinden (local authorities); “enterprises”, “individuals” and “non-profit Gemeindeverbände (local authority organisations”. associations) see “Local government”.

“Enterprises” includes the following sub- sectors: 2 CLASSIFICATION OF ENTITIES BELONGING TO THE “GENERAL GOVERNMENT” SECTOR • “OFIs” (including “Financial auxiliaries”) 2.1 CENTRAL GOVERNMENT • “Insurance corporations and pension funds” Definition: All constitutional bodies and departments, as well as the administrative authorities of the Bund (federal government),

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 51 the competence of which extends over the – Bundesanstalt für Post und Telekommu- entire economic territory of the Federal nikation (Federal Office for Post and Republic of Germany, with the exception of Telecommunications) bodies responsible for the administration of social security funds; all economic agents – Bundesarchiv which are responsible for offering non-market services to the general public or carrying out – Bundespolizei (Federal Police) transactions designed to redistribute national income and wealth; and the Sondervermögen – Bundesrepublik Deutschland – Finanzagentur des Bundes (federal special funds). GmbH (Federal Republic of Germany – Finance Agency) Types of entities belonging to this sub-sector (illustrative list): – Bundeswertpapierverwaltung (Federal Securities Administration) • Bundestag (Federal Parliament) – Deutsches Patent- und Markenamt (German • Bundesrat (Federal Council of the Länder) Patent and Trade Mark Office)

• Bundespräsident (Federal President) – Statistisches Bundesamt (Federal Statistical Office) • Bundeskanzler (Federal Chancellor) – Zollverwaltung (Customs Authorities) • Bundeskanzleramt (Federal Chancellery) • Federal special funds: • Bundesministerien (Federal departments): – Bundeseisenbahnvermögen (Federal – Auswärtiges Amt (Foreign Office) Railways Fund) – Bundesminister der Finanzen (Federal – Entschädigungsfonds (Indemnification Minister for Finance) Fund) – Bundesminister der Justiz (Federal – Erblastentilgungsfonds (Redemption Minister for Justice) Fund for Inherited Liabilities) – Bundesminister des Innern (Federal – ERP-Sondervermögen (European Minister for the Interior) Recovery Programme Special Fund) – Fonds “Deutsche Einheit” (German • Bundesrechnungshof (Federal Audit Unity Fund) Office) – Lastenausgleichsfonds (Equalisation of Burdens Fund). • Bundesverfassungsgericht (Constitutional Court) Borderline cases:

• Bundesgerichte (Federal Courts) Deutsche Bahn AG (German Railways), – Bundesarbeitsgericht (Federal Labour Deutsche Post AG (German Postal Service), Court). Deutsche Telekom AG (German Telecommunications Service) and the Other entities belonging to this sub-sector Bundesanstalt für Landwirtschaft und (illustrative list): Ernährung (Federal Office for Agriculture and Food) are included in “Non-financial – Bundesanstalt für Finanzdienstleistungs- corporations”. aufsicht (Federal Financial Supervisory Authority)

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 52 March 2007 GERMANY Publicly owned and operated enterprises which • Staatskanzleien (federal state are legally dependent central government chancelleries). establishments fall under “Non-financial corporations”. Other types of entities belonging to this sub- sector (illustrative list): The Bundesagentur für Arbeit (Federal Employment Agency of Germany) is part of • Data protection commissioners of the federal “Social security funds”. states

2.2 STATE GOVERNMENT • District mayors

Definition: All constitutional bodies and • Police authorities of the federal states departments, as well as the administrative authorities of the following 16 federal state • Port authorities governments: Baden-Württemberg, Bavaria, Brandenburg, Hesse, Mecklenburg-Western • Revenue offices Pomerania, Lower Saxony, North Rhine- Westphalia, Rhineland-Palatinate, Saarland, • Road construction authorities Saxony, Saxony-Anhalt, Schleswig-Holstein, Thuringia and the “city states”, i.e. Berlin, • Statistical offices of the federal states. Bremen and Hamburg. The federal state governments are separate institutional units Borderline cases: below the federal government level. They are responsible, for example, for almost all aspects Institutions and establishments of the federal of education and culture, as well as for local state governments (e.g. hospitals and schools) government law and the police. The competence operating and borrowing for their own account of the public administration only extends across must be treated in the same way as enterprises the economic territory of the federal state and included in the sectors in which they concerned. operate. Hospitals, for example, belong to the health and social work sector. Types of entities belonging to this sub-sector (illustrative list): Publicly owned and operated enterprises which are legally dependent federal state government • Gerichte (courts) establishments are classified as “Non-financial – Finanzgerichte (finance courts) corporations”. – Landesarbeitsgerichte (regional labour courts) The Regionaldirektionen der Bundesagentur für Arbeit (federal state employment agencies) • Landesrechnungshöfe (audit offices of the are classified as part of “Social security federal states) funds”.

• Landesregierungen (federal state 2.3 LOCAL GOVERNMENT governments) Definition: All Gemeinden (local authorities), • Landtage (federal state parliaments) including Verbandsgemeinden (amalgamated municipal authorities), Gemeindeverbände • Ministerpräsidenten (prime ministers of the (local authority associations) and kommunale individual federal states) Zweckverbände (municipal special-purpose associations) irrespective of whether they

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 53 operate in the public sector. The public 2.4 SOCIAL SECURITY FUNDS administration powers of these local authorities only cover their geographical area within the Definition: Pension insurance funds, the health economic territory. Local road construction, and accident insurance system, and the work electricity, water and gas supply, town planning, promotion system. Institutions and facilities of as well as the construction and maintenance of the social security funds which are not operated schools, theatres, museums and hospitals are as enterprises are also included here. all subject to self-government. Assorted types of entities belonging to this sub- Types of entities belonging to this sub-sector sector (illustrative list): (illustrative list): • Gesetzliche Krankenversicherung (statutory • District administrators health insurance system)

• District assemblies • Gesetzliche Rentenversicherung (statutory pension insurance fund) • Lord mayors and mayors • Gesetzliche Unfallversicherung (statutory • Municipal authorities accident insurance system).

• Town and community councils Entities belonging to this sub-sector (illustrative list): • Town clerks. – Agenturen für Arbeit (local employment Other types of entities belonging to this sub- agencies) sector (illustrative list): – Berufsgenossenschaften (social occupational • District police accident insurance)

• Fire services – Betriebskrankenkassen (company health insurance funds) • Local statistical offices – Bundesagentur für Arbeit (Federal • Registration offices Employment Agency of Germany)

• Road traffic licensing departments. – Bundesversicherungsanstalt für Angestellte (Federal Social Insurance Office for Salaried Borderline cases: Employees)

Municipal special-purpose associations other – Ortskrankenkassen (local health insurance than those operating in the public sector (e.g. offices). for agriculture and forestry, water supply, electricity and gas supply, and transport) are Borderline cases: included in “Non-financial corporations”. Institutions and establishments of the social Agenturen für Arbeit (local employment security funds (e.g. sanatoria and hospitals agencies) are part of “Social security funds”. owned by these funds) that are operating and borrowing for their own account are included in “Non-financial corporations”.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 54 March 2007 GERMANY The supplementary pension funds of business • Advising enterprises on their structure, their associations, pension schemes and funeral industrial strategy and associated issues; cooperatives of enterprises, as well as advising them and offering them services supplementary pension funds for government in the event of corporate mergers and employees, are included in “Insurance takeovers corporations and pension funds”. • Arranging loans between credit institutions Associations of social insurance carriers (money-broking business) belong to “Non-profit institutions serving households”. • Administering assets invested in securities or in financial derivatives, or advising others on the investment of such assets 3 CLASSIFICATION OF ENTITIES BELONGING TO THE “OTHER RESIDENTS” SECTOR • operating funds of collective investment institutions (CIIs) 3.1 OTHER FINANCIAL INTERMEDIARIES (OFIs) • Controlling and directing a group of Definition: Enterprises which are neither credit subsidiaries principally engaged in financial institutions, as defined in Section 1 (1) of the intermediation and/or in auxiliary financial Banking Act, nor MFIs, insurance corporations activities, but which are not financial or pension funds, the main activities of which corporations themselves. comprise some of the following: Types of entities and entities belonging to this • Acquiring participating interests sub-sector (illustrative list):

• Acquiring money claims against payment • Central securities depositories

• Concluding financial leasing contracts • Credit card companies

• Issuing or administering credit cards or • Credit guarantee associations/guarantee banks travellers’ cheques • Financial holding companies • Trading in or exchanging foreign payment media for their own account or on behalf of • Financial leasing companies: customers (business in foreign banknotes and coins) According to the German Federal Statistical Office, leasing corporations in Germany do • Trading in securities for their own account not carry out financial leasing within the meaning of the ESA 95 definition as their • Trading in forward contracts, options, main business at present (but instead exchange rate or interest rate instruments operating leasing). Therefore leasing for their own account or on behalf of corporations are generally included in the customers category of “Non-financial corporations”.

• Participating in securities issues and • Factoring companies providing the associated services • Securities dealers (for own account)

• Pawnshops.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 55 Entities belonging to this sub-sector (illustrative • Administration, operation and supervision list):1 of financial markets other than by public authorities – DEG Deutsche Investitions- und Entwicklungs-GmbH, Köln • Associations of credit institutions and insurance corporations – DS-Concept Factoring GmbH, Mönchengladbach • CIIs

– FIAT Bank GmbH, Heilbronn • International settlement of banking transactions via telecommunications – Investitions- und Förderbank Niedersachsen services GmbH, Hannover • Investigation activities related to insurance – PLUS-Finanzservice GmbH, Wiesbaden and pension funding (except compulsory social security) – Städtische Pfandleihanstalt Stuttgart AG, Stuttgart • Investment and pension advisers

– Syneco Trading GmbH, München. • Operation of bureaux de change

Borderline cases: • Procurement of mortgage broking

Companies dealing primarily in operational • Procurement of savings and loan contracts leasing are classified as “Non-financial for building purposes corporations”. At present, this applies to all leasing corporations in Germany. Closed-end • Security broking and fund management, real estate funds, as well as property trade and including dealing in financial markets on rental, are classified as “Non-financial behalf of others (e.g. stockbroking). corporations”. Entities belonging to this sub-sector (illustrative 3.1.1 FINANCIAL AUXILIARIES list): Definition: Services involved in or closely related to financial intermediation, but not – Bundesverband deutscher Banken (Federal themselves defined as financial intermediation. Association of German Banks)

Types of entities belonging to this sub-sector – Deka Immobilien Investment GmbH, (illustrative list): Frankfurt am Main

• Activities of insurance agents – Deutsche Börse AG, Frankfurt am Main (German Stock Exchange) • Activities of insurance risk and damage evaluators – Deutscher Sparkassen- und Giroverband (German Savings Banks and Giro • Activities of stock exchanges, commodity Association) exchanges, etc.

1 In principle, it is not possible to identify the type of business by means of the institution’s name.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 56 March 2007 GERMANY – KARSTADT QUELLE Financial Services – Gothaer Lebensvericherung AG, Köln GmbH, Düsseldorf – HUK-COBURG-Allgemeine Versicherungs- – MEAG MUNICH ERGO AG, Coburg Kapitalanlagegesellschaft mbH, München – LVM Krankenversicherungs-AG, Münster – Volkswagen Versicherungsdienst GmbH, Wolfsburg – R + V PENSIONSKASSE AG, Wiesbaden

– WLZ Raiffeisen Versicherungsagentur – Swiss Re Frankona Rückversicherungs-AG, GmbH, München. München

3.2 INSURANCE CORPORATIONS AND PENSION – Wüstenrot & Württembergische AG, FUNDS Stuttgart.

Definition: Life assurance, pension schemes Borderline cases: and funeral cooperatives, and non-life insurance. Non-contributory schemes, the funding for which is largely derived from public sources Types of entities belonging to this sub-sector (e.g. state welfare assistance, pensions and (illustrative list): related benefits for war victims, the equalisation of burdens and compensation) are not included • Life assurance companies offering: here; instead, they are classified under the – insurance for a lump sum payable on appropriate central, regional or local death or in the form of endowment administration. insurance – life assurance Compulsory social security and employment – pension schemes payable on death or in promotion are included in “Social security the form of endowment insurance funds”.

• Pension schemes and funeral cooperatives Enterprise-owned pension schemes, funeral offering: cooperatives for own employees and – the provision of retirement incomes supplementary pension funds for government – supplementary old-age provision employees are included in this category. schemes 3.3 NON-FINANCIAL CORPORATIONS • Other insurance companies offering, for instance: Definition: “Non-financial corporations” – accident insurance (including business organisations) comprises: – health insurance (a) private enterprises, and (b) public enterprises – indemnity insurance. operating under private law, and enterprises operating under private law but majority-owned Entities belonging to this sub-sector (illustrative by and legally dependent on the public sector list): (publicly owned and operated enterprises).

– Allianz SE, München

– DEVK Rechtsschutz-Versicherungs-AG, Köln

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 57 Types of entities belonging to this sub-sector • Business associations (illustrative list): • Chambers of industry and commerce a) Private enterprises: • Employers’ associations • Commercial partnerships (general identifiers: “OHG” and “KG”) • General Medical Council.

• Companies constituted under civil law Entities belonging to this sub-sector (illustrative (“BGB-Gesellschaft”) list):

• Companies participating in non-listed a) Private enterprises: companies – BASF AG, Ludwigshafen am Rhein AEG Hausgeräte GmbH, Nürnberg • Cooperative associations (general identifier: – DaimlerChrysler AG , Stuttgart “eG”) – Deutsche Telekom AG, Bonn – E.ON Ruhrgas AG, Essen • Corporations (general category comprising – Philips GmbH, Hamburg “AG”, “GmbH” or “KGaA”) – Siemens AG, Berlin/München – ThyssenKrupp AG, Essen/Duisburg • Holding corporations, controlling and – Wella AG, Darmstadt. directing a group of non-financial corporations b) Public enterprises: – Bundesanstalt für Landwirtschaft und • Housing associations and companies Ernährung (Federal Office for Agriculture and Food) • Housing enterprises with savings facilities – Deutsche Bahn AG, Berlin – DFS Deutsche Flugsicherung GmbH, • Industrial foundations. Langen/Hessen – Erdölbevorratungsverband (Petroleum b) Public enterprises: Stockpiling Association) – Messe Frankfurt GmbH, Frankfurt am • Institutions and establishments of state Main governments (e.g. hospitals and schools) – Radio and television broadcasting operating and borrowing for their own corporations account – Stadtwerke München GmbH, München c) Business organisations (excluding • Public insurance enterprises (excluding associations of credit institutions and social security funds and supplementary insurance companies): pension funds for government employees) – Bundesverband der Deutschen Industrie – Deutscher Industrie- und • Publicly owned and operated enterprises Handelskammertag (DIHK) e.V. (legally dependent central, regional and (German Chambers of Industry and local authority establishments). Commerce (DIHK)) – Verband der Kali- und Salzindustrie c) Business organisations (excluding e.V. associations of credit institutions and – Spitzenorganisation der Filmwirtschaft insurance companies): e.V.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 58 March 2007 GERMANY – Wirtschaftsvereinigung Bergbau e.V. • Self-employed persons: – Zentralverband der Elektrotechnischen – Farmers Industrie. – Individuals whose income is derived chiefly from property (rentiers and Borderline cases: persons of private means) – Persons running (small) businesses Domestic enterprises also comprise domestic – Self-employed persons in private branches of foreign enterprises, and domestic practice representative offices of foreign credit institutions. • Sole proprietorships (one-person businesses) Municipal special-purpose organisations with economic functions are included in “Local • Other individuals: government”. – Housewives – Infants Associations of credit institutions and insurance – Persons not stating their occupation corporations are included in “Financial – Persons undergoing training auxiliaries”. – Schoolchildren and students.

Non-profit-making companies and savings and Borderline cases: investment clubs constituted under civil law are excluded from this category and included Investment advisers and pension advisers are within “Households”. included in “Financial auxiliaries”.

3.4 HOUSEHOLDS 3.5 NON-PROFIT INSTITUTIONS SERVING HOUSEHOLDS Definition: Natural persons and groups of natural persons (such as joint heirs). Definition: All domestic non-commercial Associations of persons serving a common organisations which serve households, the purpose without the status of a registered principal resources of which are derived from society or unincorporated society (e.g. savings both households and non-profit institutions clubs and free sports groups) are included here constituted under civil law. along with sole proprietorships. Foreign workers and members of diplomatic and Types of institutions belonging to this sub- consular missions recognised in the Federal sector (illustrative list): Republic of Germany who are currently living in Germany (including their families in both • Churches and charitable associations cases) are, as a rule, regarded as German residents. • Foundations (other than industrial foundations) Types of entities belonging to this sub-sector (illustrative list): • Labour unions

• Employees (including unemployed • Political parties persons): – Civil servants • Societies not deemed to be business – Pensioners organisations. – Wage and salary earners

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 59 Entities belonging to this sub-sector (illustrative „Bankenstatistik – Richtlinien und list): Kundensystematik“ is available on the internet at www.bundesbank.de – Arbeiterwohlfahrt (industrial welfare organisation) See the “Kundensystematik” (Customer Classification) section – Automobilclubs • An exhaustive list of German institutions is – Deutsche Forschungsgemeinschaft (German categorised under Section 2, the „General Research Association) government“ sector

– Goethe-Gesellschaft • An overall survey on sectoral classification, a survey on breakdowns by industry or – Max-Planck-Gesellschaft activity, and explanatory notes on the system of customer classification by industry or – Verbraucherorganisationen (consumer activity. (The sections on “Overall survey associations). on sectoral classification”, “Survey on breakdown by industry or activity” and Borderline cases: “Explanatory notes on the system of customer classification by industry or Institutions and non-profit institutions (e.g. activity” are also available in English.) hospitals and schools) that operate and borrow for their own account are included in “Non- financial corporations”. The manual of the Deutsche Bundesbank Statistische Sonderveröffentlichung 2 „Bankenstatistik – Kundensystematik 4 BORDERLINE CASES IN THE DELIMITATION Firmenverzeichnisse“, which is also available OF THE DOMESTIC AREA on the Internet (www.bundesbank.de), contains a comprehensive list of German enterprises The domestic territory is the economic (approximately 12,500 public limited companies area to which the Foreign Trade Law and limited liability companies), including the (Außenwirtschaftsgesetz) applies. The economic appropriate sectoral classification features. area comprises the territory of the Federal Republic of Germany. The toll-free zones Contact for information: (Zollfreigebiete), e.g. the island of Helgoland, are considered part of the economic area, Any queries concerning the sectoral whereas parts of Germany which are classification within the framework of money not subject to German customs control and banking statistics should be addressed to: (Zollausschluss) are not. This applies to Büsingen on the German-Swiss border. Deutsche-Bundesbank/Abteilung Bankenstatistik (S1) Postfach 10 06 02 5 ADDITIONAL SOURCES OF INFORMATION D-60006 Frankfurt am Main AND CONTACT FOR INFORMATION Fax: +49 69 9566 2969 E-mail: [email protected] Additional sources of information:

The manual of the Deutsche Bundesbank Statistische Sonderveröffentlichung 1

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 60 March 2007 ESTONIA ESTONIA 1 INTRODUCTION Elukindlustus (life insurance) see “Insurance corporations and pension funds” 1.1 GENERAL REMARKS Pensionifond (pension funds) see “Insurance With the aim of assisting reporting MFIs in corporations and pension funds” classifying their non-MFI counterparties and presenting current national rules for the FIE (sole proprietors) see “Households” or domestic sectorisation of money and banking “Non-financial corporations”. statistics, this chapter outlines the sectoral classification of institutions located in Estonia. This classification is based on the definitions 2 CLASSIFICATION OF ENTITIES BELONGING TO of institutional sectors and sub-sectors THE “GENERAL GOVERNMENT” SECTOR according to the ESA 95 criteria. For each sector and sub-sector, an overview of all groups Definition: The “General government” sector and classes of entities of the same type is includes all institutional units which are non- provided, as well as a list illustrating which market producers, the output of which is entities belong to each sector or sub-sector. intended for individual and collective consumption, and which are mainly financed With regard to classifying Estonian institutional by compulsory payments and/or all institutional units under sectors, the following should be units principally engaged in the redistribution emphasised: of national income and wealth.

In Estonia, the “General government” sector 2.1 CENTRAL GOVERNMENT comprises three sub-sectors: “Central government”, “Local government” and “Social Definition: All institutional units that are security funds”. The “State/regional financed via the central government budget and government” sub-sector is not applicable in whose competence extends over the entire Estonia. economic territory of Estonia, except for the administration of social security funds. The 1.2 KEY WORDS FOR SECTORISATION sub-sector also includes those non-profit institutions that are controlled and mainly AS (aktsiaselts, a limited liability company) financed by the central government. see OFIs, “Insurance corporations and pension funds” or “Non-financial corporations” Types of entities belonging to this sub-sector (illustrative list): Sihtasutus (foundation) see “Non-profit institutions” or “General government” • Parliament and legislative bodies

Liit (union, association) see “Non-profit • Legal persons in public law, except the institutions” Guarantee Fund, the Estonian Traffic Insurance Foundation, the Estonian Health Varahaldus (asset management) see Insurance Fund and the Estonian “Financial auxiliaries” Unemployment Insurance Fund

Kindlustusmaakler (insurance brokers) see • The State Chancellery, ministries and county “Financial auxiliaries” governments and institutions in their area of government (this category also includes Börs (stock exchange) see “Financial embassies and consulates). auxiliaries”)

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 61 Entities belonging to this sub-sector (illustrative households), depending on each individual list): case.

• Balti Kaitsekolledž (Military School) 2.2 STATE GOVERNMENT

• Eesti Ajaloomuuseum (History Museum) Not applicable.

• Eesti Rahvusraamatukogu (National 2.3 LOCAL GOVERNMENT Library) Definition: “Local government” comprises all • Julgestuspolitsei (Personal Protection local government units that are financed by Service) local or municipal budgets, including agencies governed by them. Their competence only • Nukuteater (Theatre) extends to a local part of the economic territory. The sub-sector also includes those non-profit • Rahandusministeerium (Ministry of institutions that are controlled and mainly Finance) financed by local authorities.

• Riigikogu (Parliament) Types of entities belonging to this sub-sector (illustrative list): • Riigikontroll (State Audit Office) • Municipalities and municipal agencies • Riigikohus (Supreme Court) • Rural municipalities and rural municipality • Tallinna Ülikool (University of Tallinn) agencies

• Tartu Maavalitsus (Tartu County • Foundations controlled and mainly financed Government) by local authorities.

• Udriku Hooldekodu (nursing homes) Entities belonging to this sub-sector (illustrative list): • Vabariigi Presidendi Kantselei (Office of the President of the Republic) • Kesk-Eesti Noortekeskus (Central Estonian Youth Centre) • Õiguskantsler (Chancellor of Justice) • Klooga Lasteaed (kindergartens) • Ämari Vangla (prison) • Läänemaa Omavalitsuste Liit (Association • Ühiskondliku Leppe Sihtasutus (Public of Local Governments of Western Estonia) Understanding Foundation). • Maardu Linnavalitsus (Municipality of Borderline cases: Maardu)

Foundations that are partly financed and • Narva Muuseum (museum) controlled by the government, but for which the majority of control and financing is not • Orava Raamatukogu (library) evident. Such foundations can either be classified under “General government” or • Paljassaare Sotsiaalmaja (social care) “NPISH” (non-profit institutions serving

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 62 March 2007 ESTONIA • Ridala Põhikool (school) Types of entities belonging to this sub-sector (illustrative list): • Väätsa Tevisekompleks (local sports centre). • Financial leasing and factoring companies

2.4 SOCIAL SECURITY FUNDS • Investment funds

Definition: All central and local institutional • financial holding corporations. units whose principal activity is to provide social benefits as decreed by law (under the Entities belonging to this sub-sector (illustrative responsibility of the government). list):

Types of entities belonging to this sub-sector • AS Hansa Liising Eesti (a leasing (illustrative list): company)

• Unemployment Fund • SMS Laen (a short-term financing company) • Health Insurance Fund • Hansa Venemaa Aktsiafond (Hansa Russian • Central and local hospitals. Equity Fund)

Entities belonging to this sub-sector (illustrative • Kawe Investeerimisfond (an investment list): fund).

• Eesti Haigekassa (Estonian Health Insurance Borderline case: Fund) In some cases it can be difficult to separate • Eesti Töötukassa (Estonian Unemployment financial holding corporations from other Insurance Fund) holding corporations. Holding corporations, if not identified as financial holdings, are • Põhja-Eesti Regionaalhaigla (North classified under “Non-financial corporations”. Estonian Regional Hospital) 3.1.1 FINANCIAL AUXILIARIES • Rapla Maakonnahaigla (Rapla County Definition: All financial corporations which Hospital). are principally engaged in activities closely related to financial intermediation, but which are not themselves defined as financial 3 CLASSIFICATION OF ENTITIES BELONGING TO intermediation. THE SECTOR “OTHER RESIDENTS” Types of entities belonging to this sub-sector 3.1 OTHER FINANCIAL INTERMEDIARIES (OFIs) (illustrative list):

Definition: All financial corporations other • Investment firms than MFIs and the “Insurance corporations and pension funds” sub-sector that are principally • Fund management companies engaged in financial intermediation by incurring liabilities. • Insurance brokers and insurance agents

• Foreign exchange offices

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 63 • The Stock Exchange • AS Sampo Elukindlustus (a life insurance company) • Financial consultations. • AS If Eesti Kindlustus (non-life insurance Entities belonging to this sub-sector (illustrative companies) list): • SEB Ühispanga Konservatiivne Pensionifond • Trigon Securities (an investment firm) (a mandatory pension fund)

• AS LHV-Seesam Varahaldus (a fund • LHV Täiendav Pensionifond (a voluntary management company) pension fund).

• Marsh Kindlustusmaakler AS (an insurance 3.3 NON-FINANCIAL CORPORATIONS broker) Definition: Institutional units the principal • Tagatisfond (a guarantee fund) purpose of which is to produce goods and offer non-financial services to be sold in the • AS Tavid (a foreign exchange bureau) market.

• Tallinna Börs (The Stock Exchange). Types of entities belonging to this sub-sector (illustrative list): Borderline case: • Commercial undertakings of the state and Investment firms that also deal with local government: intermediation-like activities are classified Commercial undertakings over which either under the “Financial auxiliaries” sub-sector. the central government, a local government unit or another legal person in public law 3.2 INSURANCE CORPORATIONS AND PENSION has dominant influence (control). Control FUNDS over such legal persons can be achieved either through direct involvement (whereby Definition: All institutional units that are 100% of shares or units or the major primarily engaged in financial intermediation judgement right belong to the central or as a consequence of pooling risks. local government), or indirectly, whereby the central or local government has the right Types of entities belonging to this sub-sector to establish the active policy of a commercial (illustrative list): undertaking or appoint its senior managers.

• Life insurance companies • Private commercial undertakings: The rest of the legal entities in individual • Non-life insurance companies rights engaged in supplying or selling non- financial services and goods with the aim of • Mandatory pension funds making a profit (corporations, partnerships, profit associations) and not included in • Voluntary pension funds. already mentioned institutional sectors.

Entities belonging to this sub-sector (illustrative • Sole proprietors: list): According to the instructions to national reporting forms, only those sole proprietors

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 64 March 2007 ESTONIA who have one or more employees must be Types of entities belonging to this sub-sector classified under non-financial corporations. (illustrative list):

• Holding companies other than financial • Employees holding companies. • Soldiers Entities belonging to this sub-sector (illustrative list): • Pensioners

• Riigimetsa Majandamise Keskus (State • Students Forest Management Centre – a commercial undertaking of the state) • Persons living permanently in institutions

• AS Eesti Energia (a state-owned company • Sole proprietors that are not employers for engaged in the production, sale and other people (taxi drivers, hairdressers, transmission of electric and thermal farmers, etc). power) Borderline case: • AS Tallinna Sadam (The Port of Tallinn, a commercial undertaking of the state) If there is no information available about the employees of a sole proprietor, then it should • Kagu-Eesti Jäätmekeskuse AS (South- be classified under households. Eastern Estonian Recycling Centre, a commercial undertaking of local 3.5 NON-PROFIT INSTITUTIONS SERVING governments) HOUSEHOLDS

• AS Liviko (a private commercial Definition: Non-profit institutions which serve undertaking) households and which are private non-market producers. Their principal resources are derived • Artemark Usaldusühing (a limited from voluntary contributions in cash or in kind partnership) from households in their capacity as consumers, and from property income. • A.U. ja Pojad Täisühing (a trading partnership) For practical reasons, all non-profit institutions, except those that are classified under the • Notar Maive Ottas (a notary) “General government” sector, are classified under the NPISH sector. Non-profit institutions • Kohtutäitur Elin Vilippus (a law enforcement that serve enterprises also exist; however, officer) owing to their unimportance they have not been separately identified. • AS Eesti Telekom (a holding company). Types of entities belonging to this sub-sector 3.4 HOUSEHOLDS (illustrative list):

Definition: Natural persons and sole proprietors • Various member organisations in the form not functioning as employers for any of unions employees. • Associations

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 65 • Cooperatives and foundations 4 BORDERLINE CASES IN THE DELIMITATION OF THE DOMESTIC AREA • Clubs and societies. Not applicable. Entities belonging to this sub-sector (illustrative list): 5 ADDITIONAL SOURCES OF INFORMATION • Korteriühistu Kooli 7 (a housing AND CONTACT PERSONS association); Additional sources of information: • Keemia 38A Garaažiühistu (a garage cooperative) A list of the entities supervised by the Financial Supervision Authority (FSA) can be found on • Aiandusühistu ETA (a gardening its home page (www.fi.ee). Categories of cooperative) supervised entities are:

• Tilsi Küla Taluperede Veeühistu (a water • Credit institutions cooperative) • Insurance companies • EELK Tallinna Toompea Kaarli Kogudus (a congregation) • Insurance intermediaries

• Keskerakond (a political party) • Fund management companies

• Eesti Punane Rist (Estonian Red Cross) • Securities market participants

• Eesti Infotehnoloogia Selts (Estonian • Investment and pension funds Information Technology Society) • Investment firms • Eesti Pekingi Koerte Klubi (Estonian Pekingese Club) • Fund managers.

• Anna Levandi Iluuisutamisklubi (a figure- Contact persons: skating club) Bank of Estonia • Eesti Meestelaulu Selts (an arts society) Financial Stability Department

• Eesti Mittetulundusühingute ja Sihtasutuste Ms Kristel Leo Liit (Association of Non-profit Institutions Tel.: +372 6680642 and Foundations) E-mail: [email protected]

• Sihtasutus Neeme Järvi Fond (Neeme Järvi Mr Ain Paas Foundation) Tel.: +372 6680940 E-mail: [email protected] • Tarbijate kaitse ühendus Ugandi (an association) Internet: Eesti Pank: www.eestipank.info

• Eesti Kennelliit (Kennel Union of Estonia).

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 66 March 2007 IRELAND IRELAND 1 INTRODUCTION • “Non-profit institutions serving households”, comprising charitable organisations, 1.1 GENERAL REMARKS churches and religious organisations.

The main non-MFI sectors in Ireland are the 1.2 KEY WORDS FOR SECTORISATION “General government” sector and the “Other residents” sector (also referred to as non- Department; Roinn see “Central government sectors in Ireland). government”

The “General government” sector comprises Corporation see “Local government”; see the “Central government” sub-sector and the also the “Other residents” sector “Local government” sub-sector. “State government” and “Social security funds” are Borough Council, County Council, Board of not applicable in Ireland. Town Commissioners, Urban District Council see “Local government” Extra-territorial organisations which include supranational and international organisations Limited, Ltd., plc, Teoranta, Teo., cpt. as a are recorded in the “General government” suffix see the “Other residents” sector. sector in the “Rest of the world” even when physically located in Ireland. 2 CLASSIFICATION OF ENTITIES BELONGING The “Other residents” sector is divided into: TO THE “GENERAL GOVERNMENT” SECTOR

• Financial enterprises other than MFIs, 2.1 CENTRAL GOVERNMENT comprising “Other financial intermediaries” (OFIs) such as collective investment Definition: Central government is defined as schemes, financial vehicle corporations, including all bodies established through leasing and hire-purchase companies, and political processes and for whose activities a “Insurance corporations and pension funds”. government minister or other responsible Although “Financial auxiliaries” are placed person is accountable to the people through the in a separate category for the statistics Oireachtas (National Parliament). This prepared by the Central Statistics Office responsibility extends to the presentation of (CSO), they are classified under “OFIs” for detailed audited annual accounts to the money and banking statistics purposes. Oireachtas. Central government includes legislative, judicial and executive bodies • “Non-financial corporations”, comprising established in this manner. The sector does not privately owned non-financial corporate include public corporations or enterprises bodies located in Ireland. Commercial state- engaged in the production of market services or sponsored bodies, comprising state- goods. The main classes of central government sponsored institutions engaged in bodies are: commercial or trading activities are also classified under the “Non-financial a) Departments of State corporations” sub-sector. b) Bodies which are not Departments of State • “Households”, comprising private but which are funded almost entirely from individuals. the Exchequer, are subject to controls and may be regarded as extensions of government departments

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 67 c) Various other non-market bodies. – Garda Siochana (National Police Service) Entities belonging to the central government – Prisons (exhaustive list): – Courts Service – Land Registry and Registry of Deeds a) Departments – Charitable donations and bequests – Department of Agriculture and Food – International cooperation – Department of Arts, Sport and Tourism – Army pensions – Department of Communications, Marine – Superannuation and retirement and Natural Resources allowances. – Department of Community, Rural and Gaeltacht Affairs c) Various other non-market bodies included – Department of Defence in the central government sector – Department of Education and Science – An Bord Pleanala – Department of Enterprise, Trade and – Area Development Management Employment Agency – Department of the Environment, Heritage – Development Cooperation Ireland and Local Government – Bord Bia – Department of Finance – Failte Ireland – Department of Foreign Affairs – Bord Iascaigh Mhara – Department of Health and Children – Central & Regional Fisheries Board – Department of Justice, Equality and Law – Data Protection Commissioner Reform – Dublin Institute For Advanced Studies – Department of Social and Family – Enterprise Ireland/Forbairt Affairs – Environmental Protection Agency – Department of the Taoiseach (Prime – Equality Authority Minister) – Fas – Department of Transport. – Food Safety Authority Of Ireland – Forfas b) Non-departmental bodies funded mainly by – Garda Complaints Board the Exchequer – Higher Education Authority – The President’s Establishment – Horse Racing Ireland – Office of the Attorney General – IDA Ireland – Central Statistics Office – Irish Film Board – Office of the Comptroller and Auditor – Irish Language Institute (Institiuid General Teangeolaiochta Eireann) – Office of the Appeals Commissioners – Irish Sports Council – Office of the Revenue Commissioners – Irish Water Safety Association (Water – Office of Public Works Safety Council) – State Laboratory – Labour Relations Commission – Secret Service – Law Reform Commission – Chief State Solicitor’s Office – Legal Aid Board – Office of the Director of Public – Marine Institute Prosecutions – National Authority for Occupational – Valuation Office Safety & Health – Civil Service Commission – National Development Finance Agency – Office of the Ombudsman – National Roads Authority – National Gallery – National Standards Authority Of Ireland

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 68 March 2007 IRELAND – National Treasury Management Agency – Laois County Council – National Economic & Social Council – Leitrim County Council – National Economic & Social Forum – Limerick County Council – Radiological Protection Institute – Longford County Council – Railway Procurement Agency – Louth County Council – Sports Campus Ireland – Mayo County Council – Teagasc – Meath County Council – The Arts Council – Monaghan County Council – Udaras Na Gaeltachta – North Tipperary County Council – National Disability Authority – Offaly County Council – Medical Bureau Of Road Safety – Roscommon County Council – Ulysses Securitisation plc – Sligo County Council – Western Development Commission. – South Dublin County Council – South Tipperary County Council 2.2 STATE GOVERNMENT – Waterford County Council – Westmeath County Council Not applicable. – Wexford County Council – Wicklow County Council. 2.3 LOCAL GOVERNMENT Borough councils: Definition: Local government incorporates all – Clonmel Borough Council bodies established for the purpose of local – Drogheda Borough Council administration. The principal bodies included – Kilkenny Borough Council are (a) local authorities, (b) health boards – Sligo Borough Council (which existed up to the end of 2004), and – Wexford Borough Council. (c) vocational education committees. Town councils: a) Local authorities – Ardee Town Council – Arklow Town Council City councils: – Athlone Town Council – Cork City CouncIl – Athy Town Council – Dublin City Council – Balbriggan Town Council – Galway City Council – Ballina Town Council – Limerick City Council – Ballinasloe Town Council – Waterford City Council. – Ballybay Town Council – Ballyshannon Town Council County councils: – Bandon Town Council. – Carlow County Council – Bantry Town Council – Cavan County Council – Belturbet Town Council – Clare County Council – Birr Town Council – Cork County Council – Boyle Town Council – Donegal County Council – Bray Town Council – Dun Laoghaire/Rathdown County – Buncrana Town Council Council – Bundoran Town Council – Fingal County Council – Carlow Town Council – Galway County Council – Carrickmacross Town Council – Kerry County Council – Carrick-on-Suir Town Council – Kildare County Council – Cashel Town Council – Kilkenny County Council – Castlebar Town Council

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 69 – Castleblayney Town Council – Tullamore Town Council – Cavan Town Council – Westport Town Council – Clonakilty Town Council – Wicklow Town Council – Clones Town Council – Youghal Town Council. – Cobh Town Council – Cootehill Town Council b) The Health Service Executive – Droichead Nua Town Council – Dundalk Town Council c) Vocational education committees (VECs) – Dungarvan Town Council – 14 Institutes of Technology – Edenderry Town Council – Tipperary Rural and Business – Ennis Town Council Development Institute – Enniscorthy Town Council – Tourism College, Killybegs. – Fermoy Town Council – Gorey Town Council 2.4 SOCIAL SECURITY FUNDS – Granard Town Council – Greystones Town Council Not applicable. – Kells Town Council – Kilkee Town Council – Killarney Town Council 3 CLASSIFICATION OF ENTITIES BELONGING – Kilrush Town Council TO THE “OTHER RESIDENTS” SECTOR – Kinsale Town Council – Leixlip Town Council 3.1 OTHER FINANCIAL INTERMEDIARIES (OFIS) – Letterkenny Town Council – Lismore Town Council Definition: Financial enterprises, other than – Listowel Town Council MFIs, insurance corporations and pension – Longford Town Council funds, in the Irish private resident sector which – Loughrea Town Council are principally engaged in financial – Macroom Town Council intermediation through the incurring of – Mallow Town Council liabilities other than in the form of deposits and – Midleton Town Council the granting of credit. – Monaghan Town Council – Mountmellick Town Council Types of entities belonging to this sub-sector – Muinebheag Town Council (illustrative list): – Mullingar Town Council – Naas Town Council • Collective investment schemes – Navan Town Council – Designated investment companies – Nenagh Town Council – Non-designated investment companies – New Ross Town Council – Undertakings for collective investment – Passage West Town Council in transferable securities (UCITS) – Portlaoise Town Council – Unit trusts – Shannon Town Council – Skibbereen Town Council • Hire-purchase/leasing companies – Templemore Town Council – Thurles Town Council • Mortgage corporations – Tipperary Town Council – Tralee Town Council • Financial vehicle corporations – Tramore Town Council – Trim Town Council • Treasury companies. – Tuam Town Council

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 70 March 2007 IRELAND Entities belonging to this sub-sector (illustrative classified under “OFIs” for money and banking list): statistics purposes, i.e. included in category 3.1. a) Collective investment schemes Types of entities belonging to this sub-sector • UCITS (illustrative list): – AIG American Equity Trust – F.I.T. Galileo Delta Growth Fund • Fund managers – Global SCAP Fund – Korean Growth Fund • Insurance brokers or agents – INVESCO GT India Fund • The Irish Stock Exchange • Unit trusts – GT Asian Warrants and Derivatives Fund • Bureaux de change. Sovereign Value Trust I – Latin American Extra Yield Fund Entities belonging to this sub-sector (illustrative – The Taj Performance Fund list): – Pacific 21st Century Fund – Asian Equity Pioneer Fund • Fund managers – AIB/BNY Fund Management (Ireland) • Designated investment companies Limited – Auda Classic plc – Bank of Ireland Securities Services – IIBU Fund II plc Limited – Apollo Fund plc – BNP Paribas Fund Services Dublin – IIU Convertible Fund plc Limited – The Hansberger Global Fund plc – GAM Fund Management Limited – Hibernian Investment Finance Limited • Non-designated investment companies – International Fund Services (Ireland) – Vega Invest Fund plc Limited – Korea Gearing Fund plc – JP Morgan Administration Services – Aesthetic Investment Fund plc (Ireland) Ltd – LGT Fund Managers (Ireland) Limited b) Hire-purchase/leasing companies – Oasis Global Management Company – Arrow Trust Limited (Ireland) Limited – ICC Finance Limited – Northern Trust International Fund – Irish Permanent Finance Limited Administration Services (Ireland) – National Credit Finance Limited Limited – Smurfit Finance Limited – PFPC International Limited – Western Finance Company Limited. – SEI Investments Global Fund Services Limited 3.1.1 FINANCIAL AUXILIARIES – State Street Fund Services (Ireland) Definition: Financial auxiliaries, i.e. financial Limited institutions which are closely related to – Trinity Fund Administration Limited financial intermediation, but which do not – UBS Fund Services (Ireland) Limited include the function of financial intermediation itself. The financial auxiliary sector is quite • Insurance brokers or agents small in Ireland. Although “Financial – Accident and General Insurances auxiliaries” are placed in a separate category – Abtran Limited for the statistics prepared by the CSO, they are

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 71 • Bureaux de change – Standard Life Assurance Company – EMEX change – The Scottish Legal Life Assurance – Europhil Trading Society Limited – Sun Alliance and London Assurance. 3.2 INSURANCE CORPORATIONS AND PENSION FUNDS 3.3 NON-FINANCIAL CORPORATIONS

Definition: Financial corporations which are Definition: Limited, unlimited and other principally engaged in financial intermediation corporate bodies incorporated in the Republic as a consequence of the pooling of risk. of Ireland which are not classified as financial corporations, while commercial, state- Entities belonging to this sub-sector (illustrative sponsored bodies are included. list): Types of entities belonging to this sub-sector • Insurance companies (illustrative list): – AIG Europe (Ireland) Limited – Ansvar Insurance Company Limited • Accountancy firms – Arig Insurance Company Limited – Ark Life Assurance Company Limited • Cooperatives – Brit Insurance Limited – Canada Life Assurance (Ireland) • Computer consultants Limited – Celltech Insurance (Ireland) Limited • Construction companies – Centre Insurance International Company • Hospitals (other than those run by health – CODEVE Insurance Company Limited boards and public voluntary hospitals) – Commercial Union Assurances – Eagle Star Life Assurance Company of • Hotels and restaurants Ireland Limited – Eagle Star Insurance Company Limited • Management consultants – ECCU Assurance Company Limited – EWA Life SA • Manufacturers – FBD Insurance plc – Friends First Life Assurance Company • Real estate agents Limited – GD Insurance Company Limited • Retailers – Guardian Assurance plc – Hibernian General Insurance Limited • Schools/colleges (other than those run by – Hibernian Life & Pensions Limited VECs) – Insurance Corporation of Ireland – Irish Life International Limited • Trade and professional organisations – Irish Public Bodies Mutual Insurance Limited • Transportation companies – Mediolanum International Life Limited – New Ireland Assurance Company plc • Wholesalers. – Norwich Union Life & Pensions Limited – Primary Insurance Company Limited – Royal Liver Assurance Limited

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 72 March 2007 IRELAND Entities belonging to this sub-sector (illustrative 3.4 HOUSEHOLDS list): Definition: Individuals resident in the Republic – C & C Group plc of Ireland.

– CRH plc 3.5 NON-PROFIT INSTITUTIONS SERVING HOUSEHOLDS – Jefferson Smurfit Group Definition: Non-profit-making bodies serving – Glanbia plc individuals located in the Republic of Ireland.

– Irish Dairy Board Types of entities and entities belonging to this sub-sector (illustrative list): – Eircom • Charitable organisations – Greencore plc – Barnardos – Concern – Independent News and Media – Goal – Gorta – Ryanair Holding plc – Irish Cancer Society – Irish Red Cross Society – Dairygold Co-operative Society Limited – Oxfam Ireland – Rape Crisis Centre – Aer Lingus Group plc – Samaritans – Simon Communities of Ireland – C & C Group plc – Society of St. Vincent de Paul – Trocaire – Fyffes plc • Churches/religious organisations – Glencar Mining plc – Church of Ireland – Church of Jesus Christ of Latter Day – Paddy Power plc Saints – Jewish Community – Viridian Group plc. – Lutheran Church in Ireland – Methodist Church Borderline cases: – Presbyterian Church in Ireland – Religious Society of Friends (Quakers) Leasing companies dealing in operating leases – Roman Catholic Church should be classified here. – Salvation Army

Leasing companies dealing in finance leases • Trade unions should be classified within “OFIs”. – Irish Congress of Trade Unions – Irish Municipal, Public and Civil Trade Small businesses, including family partnerships, Union (IMPACT) e.g. retail corner shops and farms, are also – Irish National Teachers Organisation included here. (INTO) – National Bus and Rail Union – Services, Industrial, Professional, and Technical Union (SIPTU).

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 73 4 BORDERLINE CASES IN THE DELIMITATION OF THE DOMESTIC AREA

Individuals crossing the border from Northern Ireland each day to work in the Republic of Ireland are treated as non-residents.

The International Financial Services Centre (IFSC), which is based in Dublin, is an offshore financial centre. Entities operating in the IFSC should be treated as residents of the Republic of Ireland.

5 ADDITIONAL SOURCES OF INFORMATION AND CONTACT PERSONS

Additional sources of information:

An exhaustive list of collective investment schemes, bureaux de change and insurance corporations and pension funds authorised by the Central Bank and Financial Services Authority of Ireland can be requested from the Financial Regulator of Ireland (Tel.: +353 1 890 200 469).

Contact persons:

Ms Mary Cussen/Ms Aisling Menton Statistics Department The Central Bank and Financial Services Authority of Ireland Dame Street Dublin 2 Tel.: +353 1 6716666 Fax: +353 1 6716561 E-mail: [email protected] [email protected]

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 74 March 2007 GREECE GREECE 1 INTRODUCTION 1.2 KEY WORDS FOR SECTORISATION

1.1 GENERAL REMARKS ΑΕΓΑ, ΑΕΖΑ or the term “insurance” as a suffix see “Insurance corporations and The classification of customers is based on the pension funds” definitions of sectors and sub-sectors according to the ESA 95, which has been fully implemented ΑΕΔΑΚ as a suffix see “OFIs: managers of in all published monetary and financial statistics mutual funds” since the beginning of 2001. ΑΕ, ΑΕΒΕ, ΕΠΕ, ΟΕ, or ΕΕ as a suffix see The domestic non-MFI sector is divided into “Non-financial corporations”; for AE, see also the “General government” sector and the “Other “MFIs” and “OFIs” residents” sector, known in Greece as “Enterprises and households”. The “General AEΠΕΥ, AXE, ΑΧΕΠΕΥ, AEEX, AEEAΠ, government” sector consists of the “Central ΑΕΕΔ as a suffix see “OFIs”. government”, “Local authorities” and “Social security funds” sub-sectors. There is no “State government” sector in Greece. 2 CLASSIFICATION OF ENTITIES BELONGING TO THE “GENERAL GOVERNMENT” SECTOR • “Central government” consists of the administrative departments of the state (i.e. 2.1 CENTRAL GOVERNMENT the ministries), and other public organisations controlled and/or financed by the ministries, Definition: All government ministries and other known as “extra-budgetary bodies”. central agencies, whose competence extends over the whole country, except those responsible • “Local authorities” includes municipalities, for the administration of social security funds. prefectures as well as public entities under their control. Types of entities belonging to this sub-sector (illustrative list): • “Social security funds” includes all organisations that provide social benefits. • Ministries Public hospitals are also included in this sector. • Courts

The “Other residents” sector includes • Parliament “enterprises”, i.e. • State schools, universities and various • “OFIs” (including financial auxiliaries) further education public organisations.

• “Insurance corporations and pension Entities belonging to this sub-sector (illustrative funds” list):

• “Non-financial corporations” – Organisation of School Buildings (ΟΣΚ)

• “Households” including “Non-profit – Public Corporation for the Management of institutions serving households”. Securities (ΔΕΚΑ)

– The National Defence Fund (ΤΕΘΑ)

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 75 – The National Roadways Fund (ΤΕΟ) • Health insurance funds

– The National Tourist Organisation (EOT). • Public hospitals.

2.2 STATE GOVERNMENT Entities belonging to this sub-sector (illustrative list): Not applicable. – IKA (Social Insurance Fund) 2.3 LOCAL GOVERNMENT – NAT (Naval Pension Fund) Definition: All public administration bodies, the authority of which covers a geographical – OΓA (Farmers’ Insurance Fund) area of the economic territory. – OAΕΔ (Organisation for the Employment of Types of entities belonging to this sub-sector: the Labour Force)

• Prefectures and Municipalities – OΕΚ (Workers’ housing organisation).

• Associations of municipalities Borderline cases:

• Harbour funds Also included are old people’s homes, nurseries and kindergartens controlled and financed by • Prefectures’ funds. the state.

Entities belonging to this sub-sector (illustrative list): 3 CLASSIFICATION OF ENTITIES BELONGING TO THE “OTHER RESIDENTS” SECTOR – Municipality of Athens 3.1 OTHER FINANCIAL INTERMEDIARIES (OFIs) – Municipality of Thessaloniki Definition: Financial institutions as defined in 2.4 SOCIAL SECURITY FUNDS Law 2076/92, which are engaged in financial intermediation by incurring liabilities other • Definition: Institutional units that provide than currency, deposits and close substitute of social benefits (pension benefits, deposits. Insurance corporations and pension supplementary pension benefits, health funds are not included in this sector. Financial benefits, unemployment benefits, etc.). auxiliaries are included in the OFI sector. They are managed by the state, and certain groups of the population are obliged to pay Types of entities belonging to this sub-sector contributions. The sector also includes two (illustrative list): investment funds, the shares of which are wholly owned by social security funds. • Portfolio investment companies and real estate investment companies (i.e. closed- Types of entities belonging to this sub-sector: end investment funds) as defined in Laws 3371/2005 and 2778/1999 respectively. The • Pension (insurance) funds Association of Greek Institutional Investors provides a list of these companies at http:// • Supplementary pension (insurance) funds www.agii.gr/eexlist.asp and http://www. agii.gr/aeeaplist.asp.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 76 March 2007 GREECE • Mutual funds other than MMFs (i.e. open- account as well as to carry out underwriting end investment funds), which are further activities; others, by contrast, are only subdivided into equity funds, bond funds, allowed to trade in securities on behalf of mixed funds and funds of funds. “Mutual third parties. They are members of the fund management companies” operate the Athens Stock Exchange, and a list of such funds, in accordance with Law 3283/2004. firms is available at http://www.ase.gr/ The Association of Greek Institutional content/en/Members/Profiles/ Investors provides a list of these funds at http://www.agii.gr/edaklist.asp. 3.1.1 FINANCIAL AUXILIARIES Definition: Institutions engaged in activities • Leasing companies, i.e. corporations closely related to financial intermediation, but engaged in financial leasing. They operate which are not themselves defined as financial according to Law 3483/2006 and are intermediaries. supervised by the Bank of Greece. A list of these companies is available at http://www. Types of entities belonging to this sub-sector bankofgreece.gr/en/epopteia/pdf/3_ (illustrative list): LeasingCompanies.pdf. • Asset management companies, also known • Factoring companies, i.e. corporations as investment services firms. They operate engaged in factoring. They operate according according to Law 2396/1996, and are to Law 1665/1986 and are supervised by the recognisable by their suffix, EΠΕΥ. Some Bank of Greece. A list of these companies of these institutions (those with a minimum is available at http://www.bankofgreece.gr/ share capital of €3 million) are authorised en/epopteia/pdf/4_FactoringCompanies.pdf to carry out underwriting activities. The Association of Greek Institutional Investors • Credit companies, i.e. corporations engaged provides a list of these companies at http:// in providing personal finance. They operate www.agii.gr/aepeylist.asp. according to the Bank of Greece Governor’s Act 2485/31.1.2002. The Bank of Greece • Managers of mutual funds, which are supervises these institutions, a list of them recognisable by their suffix AEΔAK. The is available at http://www.bankofgreece.gr/ Association of Greek Institutional Investors en/epopteia/pdf/5_CreditCompanies.pdf provides a list of these companies at http:// www.agii.gr/edaklist.asp. • Venture capital companies. Only one such company exists at present (Global • Corporations providing investment Finance). intermediation services, which are easily recognisable by their suffix ΑΕΕΔ. • Holding corporations, i.e. corporations that control a group of subsidiaries principally • Foreign exchange offices. They are engaged in financial intermediation, but supervised by the Bank of Greece, and a list which are not financial corporations of these offices is available at http://www. themselves. There are currently only two bankofgreece.gr/en/epopteia/pdf/2_ such corporations (Hellenic Exchanges and ExchangeBureaus.pdf the Marfin Financial Group). • Money transfer mediation companies. They • Security firms (dealers and brokers), which are supervised by the Bank of Greece, and are recognisable by their suffix AXE or their list is available at http://www. ΑΧΕΠΕΥ. Some of these institutions are bankofgreece.gr/en/epopteia/pdf/10_ authorised to hold securities on their own MoneyTransfer.pdf.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 77 • Insurance brokers The Association of Greek Insurance Companies provides a detailed list of • Supervisory authorities of financial markets institutions with contact persons at http:// (e.g. the Hellenic Capital Market www.eaee.gr/web/uploads/eaee-members. Commission). pdf

Borderline cases: Borderline cases:

The “Deposits Insurance Fund” is also included The “Export Credit Insurance Organisation”, in this sub-sector. which does not have liabilities in the form of insurance technical reserves, is not included 3.2 INSURANCE CORPORATIONS AND PENSION in this sub-sector, but rather in “Central FUNDS government”.

Definition: Financial corporations that are 3.3 NON-FINANCIAL CORPORATIONS engaged in financial intermediation as the consequence of the pooling of risks. Their main Definition: Limited liability companies, liabilities are insurance technical reserves. unlimited liability companies, partnerships, Currently there are no pension funds in Greece, and quasi-corporations, which are market only insurance corporations. Enterprises producers and whose principal activity is the belonging to this sub-sector usually have the production of goods and non-financial services. suffix ΑΕΓΑ or ΑΕAΖ attached to their names. Holding corporations controlling a group of non-financial corporations are included in this Types of entities belonging to this sub-sector: sub-sector.

• Life assurance companies Borderline cases:

• Health insurance companies Sole proprietorships and professionals are included in “Non-financial corporations”. • General insurance companies. 3.4 HOUSEHOLDS Entities belonging to this sub-sector (illustrative list): Definition: Individuals (natural persons) as the consumers and purchasers of residential – Agrotici Hellenic General Insurance housing.

– Alico American Life Insurance 3.5 NON-PROFIT INSTITUTIONS SERVING HOUSEHOLDS – Alpha Insurance Definition: All non-profit institutions not – Ethniki General Insurance subject to control by government units.

– European Reliance General Insurance Types of entities belonging to this sub-sector (illustrative list): – Interamerican Hellenic Life Insurance • Trade unions – Phoenix General Insurance. • Professional societies

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 78 March 2007 GREECE • Chambers of commerce and industry

• Political parties

• Charities and aid organisations

• Churches.

4 BORDERLINE CASES IN THE DELIMITATION OF THE DOMESTIC AREA

Not applicable.

5 ADDITIONAL SOURCES OF INFORMATION AND CONTACT FOR INFORMATION

Additional sources of information: None.

Contact persons:

Nicos Kamberoglou Statistics Department Bank of Greece 21, E. Venizelos Avenue GR- 102 50 Athens Tel.: +30 210 3203824 Fax: + 30 210 32 31752 E-mail: [email protected]

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 79 SPAIN

1 INTRODUCTION covering workplace accidents and occupational diseases within the social 1.1 GENERAL REMARKS security system, the National Social Security Institute, the Institute for the Elderly and The main non-MFI sectors in Spain are the Social Services, the National Health Institute “General government” sector and the “Other and the Naval Welfare Institute), as well as residents” sector. the State Employment Public Service and the Wage Guarantee Fund, even though the The “General government” sector includes last two have the legal status of autonomous “Central government”, “Regional government”, administrative agencies. “Local government” and “Social security funds”: The “Other residents” sector is divided into:

• “Central government”, comprising the state • Financial corporations other than MFIs and all administrative and similar (which also includes financial quasi- autonomous agencies reporting to central corporations), comprising “OFIs”, government. It also includes enterprises “Insurance corporations and pension funds” controlled by the state that do not comply and “Financial auxiliaries” with the ESA 95 rules for sectorisation as non-financial corporations. • “Non-financial corporations”, which also includes non-financial quasi-corporations • “Regional (autonomous) governments”, which includes the management institutions • “Households”, including individual trusts of the regional (autonomous) governments and their administrative and similar • “Non-profit institutions serving autonomous agencies, including the households”. universities for which such governments are responsible. As in the case of the state, the 1.2 KEY WORDS FOR SECTORISATION enterprises within the scope of the regional governments that do not comply with the SA (public limited company) see “Non- rules of the ESA 95 for sectorisation as non- financial corporations” financial corporations are included here, as is social security transferred to the regional SGR (mutual guarantee companies) see (autonomous) governments. “OFIs: Financial auxiliaries”

• “Local governments”, comprising the SV (securities dealing company) see provincial, municipal, island, town and “OFIs” minor local authorities, and the groupings to which these units belong. The administrative SVB (securities and stock exchange company) and similar autonomous agencies which see “OFIs” report to them are also included, but not service-producing enterprises (except those FI (capital market mutual funds except money that do not comply with the ESA 95 criteria market mutual funds) see “OFIs” for sectorisation as non-financial corporations, which are included here). SICAVs (open-end investment companies) see “OFIs” • “Social security funds“, comprising the General Treasury and other management FII (real estate mutual funds) see “OFIs” entities (mutual insurance companies

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 80 March 2007 SPAIN FTH (mortgage securitisation funds) See Court or Legal Tribunal Secretariats and the “OFIs” General Deposit Fund should be classified as belonging to the state. SGFT (securitisation funds management company) See “OFIs: Financial auxiliaries” b) Central government agencies

Organismos Autónomos Administrativos Includes all central government administrative (administrative agencies) See “Central agencies, with the exception of those included government” in the list of social security funds. Other entities that are not legally defined as administrative Valores (securities), Capital Riesgo (venture agencies are classified in this section in view of capital), Sociedades (companies), Fondos their similar economic nature (e.g. the State (funds), Garantía recíproca (mutual guarantees), Tax Administration Agency). Gestoras (managements), Titulización Hipotecaria (mortgage credit securitisation) Entities belonging to this sub-sector (illustrative See “OFIs” list):

Mutualidad de previsión Social, Mutual, Mutua, – Agencia Española de Cooperación Montepio (non-profit insurance institutions), Internacional Pension (pensions), Seguros (insurance companies) See “Insurance corporations and – Agencia Estatal de Administración pension funds”. Tributaria

– Agencia para el Aceite de Oliva 2 CLASSIFICATION OF ENTITIES BELONGING TO THE “GENERAL GOVERNMENT” SECTOR – Biblioteca Nacional

The Banco de España’s website publishes a list – Canal de Experiencias Hidrodinámicas de of entities belonging to the “General government El Pardo sector”. This list is permanently updated, and can be consulted at: http://www.bde.es/estadis/ – Centro de Estudios Políticos y estadis.htm, sectorisation of the Spanish constitucionales economy. – Centro de Estudios Jurídicos de la 2.1 CENTRAL GOVERNMENT Administración de Justicia

Definition: The state and central government – Centro de Estudios y Experimentaciones de administrative agencies (those legally defined Obras Públicas as “administrative agencies” and those which, although enterprises controlled by the state, do – Centro de Investigaciones Energéticas, not comply with the ESA 95 rules for Medioambientales y Tecnológicas sectorisation as non-financial corporations). – Centro de Investigaciones Sociológicas a) State – Consejo Económico y Social Includes the budgetary and non-budgetary sections of ministries and the bodies and – Consejo Superior de Deportes services reporting to them. It is expressly stated that the deposit accounts and appropriations of – Entidad Estatal de Seguros Agrarios

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 81 – Fondo de Explotación de los Servicios de Cataluña, the Junta in Andalucía, etc. Cría Caballar y Remonta Companies owned by the regional governments which do not comply with the ESA 95 rules for – Gerencia de Infraestructura y equipamiento classification as non-financial corporations are de la Defensa included here.

– Gerencia de Infraestructuras de Types of entities belonging to this sub-sector Equipamientos de Educación y Cultura (exhaustive list):

– Instituto Cervantes • Regional governments

– Instituto de Contabilidad y Auditoría de • Administrative agencies owned by the Cuentas regional governments

– Instituto de la Cinematografía y de las Artes • Universities within the scope of the regional Audiovisuales governments

– Instituto de la Mujer • Public enterprises owned by the regional – Instituto de Salud Carlos III governments which do not comply with – Instituto Español de Oceanografía ESA 95 rules for classification as non- – Instituto Nacional de Administración financial corporations. Pública – Instituto Nacional de Estadística Entities belonging to this sub-sector (illustrative – Instituto Nacional de Seguridad e list): Higiene en el Trabajo – Instituto Nacional de Investigaciones, – Comunidad Autónoma y Gobierno de las Tecnología Agraria y Alimentaria Islas Baleares – Instituto Nacional de Técnica Aeroespacial “Esteban Terradas” – Comunidad Autónoma de la Región de – Instituto Nacional del Consumo Murcia – Instituto Geológico y Minero de España – Jefatura de Tráfico – Diputación General de Aragón – Museo Nacional Centro de Arte Reina Sofia – Diputación Regional de Cantabria – Museo Nacional del Prado – Oficina Española de Patentes y Marcas – Generalidad de Cataluña – Parques Nacionales – Universidad Internacional Menéndez y – Generalidad Valenciana Pelayo – Universidad Nacional de Educación a – Gobierno de Canarias Distancia. – Gobierno de la Comunidad de Madrid 2.2 STATE GOVERNMENT (COMUNIDADES AUTÓNOMAS) – Gobierno de la Rioja

Definition: Regional governments and their – Gobierno de Navarra administrative agencies and universities. Regional governments are the managing bodies – Gobierno del Principado de Asturias of the regions: the Generalitat in the case of

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 82 March 2007 SPAIN – Gobierno Vasco Definition: Types of public administrations whose competence only extends to a – Junta de Andalucía geographical area within the economic territory. Companies owned by the regional government – Junta de Castilla y León which do not comply with the ESA 95 rules for classification as non-financial corporations are – Junta de Comunidades de Castilla-La included here. Mancha Types of entities belonging to this sub-sector – Junta de Galicia (exhaustive list):

– Junta de Extremadura • Common-regime provincial authorities

– Organismos Autónomos Administrativos • Provincial authorities of the Basque Country dependientes de las Comunidades Territories Autónomas: • Island authorities – Instituto Vasco de Administración Pública • Municipal authorities and other municipal – Instituto Vasco de Estadística groupings

– Instituto Catalán de consumo • Administrative agencies reporting to the municipal authorities – Instituto Catalán de la Mujer • Public enterprises within the scope of the – Biblioteca de Cataluña local governments which do not comply with the ESA 95 rules for classification as – Instituto Gallego de Estadística non-financial corporations.

– Instituto Andaluz de Reforma Agraria Entities belonging to this sub-sector (illustrative list): – Instituto Navarro de Administración Pública – Ayuntamiento de Albacete

– Universidad de Extremadura – Ayuntamiento de Barcelona

– Universidad Complutense de Madrid – Ayuntamiento de Bilbao

– Universidad Politécnica de Madrid – Ayuntamiento de Madrid

– Universidad Autónoma de Madrid – Ayuntamiento de Málaga

– Universidad de Barcelona – Ayuntamiento de Sevilla

– Universidad Autónoma de Barcelona – Ayuntamiento de Valencia

– Universidad Politécnica de Cataluña. – Ayuntamiento de Zaragoza

2.3 LOCAL GOVERNMENT – Consejo Insular de Menorca

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 83 – Diputación Foral de Álava Types of entities belonging to this sub-sector (exhaustive list): – Diputación de Barcelona. • Securities-dealing companies 2.4 SOCIAL SECURITY FUNDS • Collective investment institutions (except Definition: All central institutional units, the money market mutual funds, which are main activity of which involves providing classified as MFIs) social security benefits and which meet the – Capital market mutual funds (FIs except following two criteria: a) specific groups of the money market mutual funds) population are obliged to participate in the – Open-end investment companies system or pay contributions, by virtue of legal (SICAVs) or regulatory provisions; b) apart from the role – Real estate investment companies and they may play as supervisory agencies or mutual funds employers, the general government is responsible for managing these units, in terms • Venture capital companies and funds of establishing and approving contributions and benefits. • Securitisation special purpose vehicles

Entities belonging to this sub-sector (illustrative • Preference share-issuing special purpose list): vehicles (Law 19/2003)

• Units reporting to the central government • Entities whose main activity is to hold – Fondo de Garantía Salarial (FOGASA) interests in financial institutions. – Agencia Estatal para el Empleo – Instituto Nacional de Gestión Sanitaria Entities belonging to this sub-sector (illustrative – Instituto Nacional de Seguridad Social list): (INSS) – Instituto de Mayores y Servicios Sociales • Sociedades de Valores (securities-dealing (IMERSO) companies) – Mutuas de Accidentes de Trabajo y – General de Valores y Cambios, Sociedad Enfermedades Profesionales de la de Valores y Bolsa, S.A. Seguridad Social – Agentes de Bolsa Asociados, Sociedad – Tesorería General de la Seguridad de Valores, S.A. Social. • Instituciones de Inversión Colectiva (collective investment institutions) 3 CLASSIFICATION OF ENTITIES BELONGING TO – Merchfondo, FI THE “OTHER RESIDENTS” SECTOR – CAN Bolsa Europa – BBVA Bolsa desarrollo sostenible, FI 3.1 OTHER FINANCIAL INTERMEDIARIES (OFIs) – Morgan Stanley Renta Internacional, FI – Mutuafondo High Yield, FI Definition: All financial institutions – BBVA Bonos Internacional I, FI (corporations and quasi-corporations), other – Eurovalor doble beneficio than MFIs and insurance corporations and pension funds, which are principally engaged • Sociedades de capital riesgo (venture capital in financial intermediation, incurring liabilities companies) other than cash, deposits and/or close substitutes – BBV Promoción Empresarial SA for deposits. Sociedad de Capital Riesgo

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 84 March 2007 SPAIN – Euroventures España SA Sociedad de • Money brokers Capital Riesgo • Mutual guarantee companies and re- • Fondos de Capital Riesgo (venture capital guarantee companies funds) – BBG Capital I, Fondo de Capital • Pension fund management companies Riesgo – BBG Capital 2, Fondo de Capital • Securities agencies Riesgo • Stock exchange governing companies • Fondos de titulización hipotecaria (mortgage securitisation funds) • UCITS and portfolio management – F.T.H. BBV MBS (I) companies – F.T.H. Hipotebansa (I, II, III y IV) – F.T.H. TDA (I, II y III) • Venture capital fund management companies • Fondos de inversión inmobiliaria (real estate investment funds) • The financial markets and systems holding – BBVA Propiedad, FII companies – Santander Banif Inmobiliario, FII. • Credit card issuers 3.2 FINANCIAL AUXILIARIES • Central counterparties. Definition: All institutions (corporations and quasi-corporations) that are principally engaged Entities belonging to this sub-sector (illustrative in activities which are closely related to list): financial intermediation, but which do not include the function of financial intermediation • Sociedades de tasación (appraisal itself. companies) – Grupo Tasvalor, S.A. Types of entities belonging to this sub-sector – Valoraciones y Tasaciones Hipotecarias, (exhaustive list): S.A.

• Appraisal companies • Sociedades de Garantía Recíproca (mutual guarantee companies) • Securitisation special purpose vehicle – Fianzas y Servicios Financieros, SGR management companies – Sociedad Navarra de Garantía Recíproca • Deposit guarantee funds • Sociedades Gestoras de Instituciones de • Bureaux de change Inversión Colectiva (UCITS and portfolio management companies) • Futures and options market governing – Morgan Stanley Gestión, SGIIC, S.A. companies – Aguilar y de la Fuente Gestión

• Insurance brokers and agents • Sociedades Gestoras de fondos de pensiones (pension fund management companies) • Securities clearing and settlement services – Caja Laboral de Pensiones, S.A. Entidad Gestora de F.P.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 85 – Guipuzcoano, S.A. Entidad Gestora de 3.3 INSURANCE CORPORATIONS AND PENSION F.P. FUNDS

• Casas de Cambio (bureaux de change) Definition: All the financial corporations and – Change center SL quasi-corporations which engage principally in – Change express SA financial intermediation resulting from risk compensation. Both insurance and reinsurance • Sociedades gestoras de fondos de titulización companies are included. hipotecaria (securitisation special purpose vehicle management companies) Types of entities belonging to this sub-sector – BBV Titulización SGFT (exhaustive list): – Santander de Titulización SGFT – Titulización de activos SGFT • Private insurance corporations

• Sociedades Gestoras de Fondos de Capital These companies are engaged in covering Riesgo (venture capital fund management risks independently of the (compulsory) companies) social security system; they include all – AXIS Participaciones Empresariales, private and public insurance companies, S.A. with the exception of the Insurance – Gestión de Capital Riesgo del País Vasco Compensation Consortium.

• Sociedades recoras de bolsas de valores y • Non-profit insurance entities otros mercados oficiales (administration of financial markets) In addition to the charitable entities set up – MEFF Sociedad Rectora de Productos by certain groups and bodies as a form of Financieros Derivados de Renta Variable, corporate support (which pay small benefits S.A. in the event of death, parenthood, etc., and – MEFF Sociedad Rectora de Productos grant small loans), these include the pension Financieros Derivados de Renta Fija, funds (cajas de pensiones) which existed S.A. under Spanish law until 1988 (the date on – Servicio de Compensación y Liquidación which the Pension Funds Law 8/1987 came de Valores into effect). These pension funds are, in – Sociedad de Bolsas, S.A. principle, autonomous funds of the groups – Sociedad Rectora de la Bolsa de Valores and bodies (firms, associations, etc.) which de Barcelona, S.A. set them up. They may be voluntary or – Sociedad Rectora de la Bolsa de Valores compulsory. de Bilbao, S.A. – Sociedad Rectora de la Bolsa de Valores • Insurance Compensation Consortium de Madrid, S.A. – Sociedad Rectora de la Bolsa de Valores This is a state-owned company (Act 21/1990) de Valencia, S.A. which is active in the area of insurance – AIAF Mercado de renta fija, S.A. under private law. It is financed by surcharges on the premia paid by insurance policyholders, and by grants and loans received from the state, and it uses these funds for general compensation purposes (major natural disasters and certain kinds of accident). It also acts as an agent for the state vis-à-vis the Compañía Española de

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 86 March 2007 SPAIN Crédito a la Exportación (Spanish Export • Entidades de previsión social (non-profit Credit Company), a public sector private insurance entities) insurance company which manages, on – Fiatc Mutua Seg. y Reaseg. a Prima behalf of the state, the coverage of so-called Fija political risk and certain commercial risks – Montepío Empleados del Banco de relevant to Spanish exports. Santander

• External pension funds (fondos de • Fondos de pensiones (external pension pensiones) funds) – Argentaria Pensiones Dos These funds were created under Act 8/1987. – Santander Renta fija pensiones Described as being external, they fall under – Caixasabadell 2j. the control of the Directorate General of Insurance, are separate from and independent 3.4 NON-FINANCIAL CORPORATIONS of the entities which promote them, lack separate legal personality, and consist of Definition: Public and private limited the funds assigned for the purposes companies and other incorporated bodies which predetermined in the associated pension are not classified as financial corporations, as schemes. The pensions or capital granted by well as quasi-corporations engaged principally these funds do not in any case replace social in non-financial activities; public sector security benefits. The administration of the corporations which are market producers (as funds is entrusted to a management company defined in the ESA 95) are also included, (financial auxiliary) and to a custodian otherwise they are classified in the “General (normally a credit institution), and their government” sector. It is assumed that this supervision is the responsibility of a control sector includes all firms which have a tax committee. Internal pension funds, identity code beginning with a letter in their established by certain credit institutions and relations with credit institutions and the tax non-financial companies, are not included authorities, with the exception of those which here, but are categorised under the liabilities are financial corporations. of the entities which establish them. Types of entities belonging to this sub-sector Entities belonging to this sub-sector (illustrative (exhaustive list): list): • Public and private limited companies • Empresas de seguros privados (private insurance corporations) • Other incorporated bodies – Aide Asistencia Seguros y Reaseguros, S.A. • Quasi-corporations. – Barclays vida y pensiones, S.A., de Seguros Entities belonging to this sub-sector (illustrative – GENESIS, S.A. de Seguros y list): Reaseguros – MAPFRE Asistencia, Cia. Int. Seg., S.A. – Iberia Líneas Aéreas de España SA – MAPFRE Re, Cía de Reaseguros, S.A. – MAPFRE Seguros Generales, S.A. – Repsol Butano SA – MAPFRE Vida, S.A. Seg. y Reaseg. – Ocaso, S.A. de Seguros y Reaseguros – Compañía Telefónica Nacional de España – Winterthur Vida, S.A. – Transmediterránea

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 87 – Red Eléctrica de España, S.A. payments from the general government and investment income. – Eurovias, Concesionaria Española de Autopistas, S.A. Types of entities belonging to this sub-sector (illustrative list): – Autopistas del Atlántico Concesionaria Española, S.A. • Charitable associations and similar bodies financed by voluntary cash or non-cash – Iberdrola, S.A. transfers from other institutional units

– Tabacalera S.A. • Churches or religious associations (including those financed but not controlled by the Borderline cases: general government)

The Banco de España’s Circular 4/2004 of 22 • Political parties December on public and confidential financial reporting rules and formats for credit institutions • Social, cultural, recreational and sports includes other public bodies within “Other clubs residents”. The list of the Spanish entities and bodies which – for accounting purposes – must • Trade unions. be included in the “General government” sector, as well as the other public bodies which must be included in “Other residents”, is published 4 BORDERLINE CASES IN THE DELIMITATION on the Banco de España’s website (see address OF THE DOMESTIC AREA in Section 2). Spanish territory is understood to mean the 3.5 HOUSEHOLDS Spanish mainland (including the Balearic Islands), the Canary Islands (Islas Canarias) and Definition: In addition to individuals or groups the autonomous provinces of Ceuta and Melilla. of individuals in their capacity as consumers, individual entrepreneurs with a tax identity For the purposes of money and banking code ending in a letter are also included here. statistics, residents of Spain are deemed to be those individuals residing on Spanish territory, Types of entities belonging to this sub-sector legal entities with their headquarters in Spain, (illustrative list): and establishments and branches on Spanish territory of foreign legal entities or of • Individual entrepreneurs with a tax identity individuals resident abroad. Spanish nationals code ending in a letter. are presumed to be resident unless proof of non-residence (certified by an entry in the 3.6 NON-PROFIT INSTITUTIONS SERVING residents’ register of a Spanish consulate HOUSEHOLDS abroad) is provided. In order to be listed in this register, it is necessary to have been previously Definition: Non-profit institutions serving registered as a temporary resident for one year, households which have separate legal and to be domiciled in the territory of the personality and produce non-market services. consulate at which registration was sought. Their principal resources, other than profits Individuals of foreign nationality must provide derived from occasional sales, stem from certification of residence in Spain, issued in voluntary cash or non-cash contributions by accordance with the rules of the Spanish households in their capacity as consumers, Ministry of the Interior.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 88 March 2007 SPAIN Individuals or legal entities with establishments or branches abroad who/which are resident in Spain, international organisations and foreign embassy and consulate services, including their staff, are deemed to be non-residents.

If the parties to a transaction are simultaneously residents and non-residents, they are assigned to the resident sector.

Contact persons:

Banco de españa Oficina de Documentación y Central de Riesgos Alcalá, 50 28014 Madrid (Spain)

Soledad Cruces Tel.: +34 91 338 53 5861 08

Ramón Santillan Tel.: +34 91 338 61 05

Blanca Iglesias-Sarria Tel.: +34 91 338 55 02 Fax: +34 91 338 61 02/+34 91 338 61 03/ +34 91 338 61 50

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 89 FRANCE

1 INTRODUCTION OPCVM (investment funds) see “OFIs” (including financial auxiliaries) 1.1 GENERAL REMARKS

Outside the MFI sector, the French economy 2 CLASSIFICATION OF ENTITIES BELONGING can be divided into two groups: “General TO THE “GENERAL GOVERNMENT” SECTOR government” and the “Other residents”. The former breaks down into “Central government”, 2.1 CENTRAL GOVERNMENT “Local government” and “Social security funds”. The latter comprises the following Definition: The state and central government entities: “OFIs” (including “Financial agencies, government agencies located overseas auxiliaries”), “Insurance corporations and and bodies which are not part of the government, pension funds”, “Non-financial corporations”, but which are controlled by government “Households” (including sole proprietorships) departments and agencies. and “Non-profit institutions serving households”. This breakdown is based upon an Types of entities belonging to the sub-sector examination of the main activities and functions (exhaustive list): undertaken by each entity and the origin of its resources. • Etat (state)

1.2 KEY WORDS FOR SECTORISATION • Organismes divers d’administration centrale – ODAC (other central government Ministère (Ministry), National (National) => organisations) See “Central government” – ODAC culture vie sociale (cultural and social life) Local (local), Communal (municipal), – ODAC d’action économique (economic Départemental (departmental), Régional affairs) (regional) see “Local government” – ODAC de transports et télécommunications (transportation and Assurance maladie (health insurance), telecommunications) Allocations familiales (family allowances), – ODAC des services généraux des Assurance vieillesse (pension scheme), Retraite administrations publiques (general (retirement) see “Social security funds” services) – ODAC développement rural et Eglise (the church), Association de aménagement espace naturel (rural Consommateurs (consumers’ association), planning) Syndicat (union) see “Non-profit institutions – ODAC développement urbain (urban serving households” planning) – ODAC enseignement formation Société (company) see “Non-financial (teaching and training) corporations” – ODAC interventions sociales (social intervention) Assurance (insurance), Réassurance – ODAC logement (housing) (reinsurance), see “Insurance corporations – ODAC santé (health). and pension funds”

Actions (equity), Obligations (bonds), Immobilier (real estate), Financière (financial), Logement (housing), Gestion (management),

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 90 March 2007 FRANCE Entities belonging to the sub-sector (illustrative – Office national interprofessionnel des list): viandes (OFIVAL, National Interprofessional Office for Meat and Farming). – Association nationale pour la diffusion des films à l’étranger (National Association for Borderline cases: Film Distribution in Foreign Countries) The banking departments of the French Treasury – Caisse d’Amortissement de la Dette Sociale are included in “Central government”. (CADES, social debt amortisation fund) 2.2 STATE GOVERNMENT – Carrefour international de la communication (International communication centre) Not applicable.

– Centre de coopération internationale en 2.3 LOCAL GOVERNMENT recherche agronomique pour le développement (CIRAD, Centre for Definition: Local authorities and miscellaneous International Cooperation in Agronomic local public institutions, the activities of which Research) are conducted within a limited part of the national territory and in specialised fields. – Centre français du commerce extérieur (CFCE, French Foreign Trade Centre) Types of entities belonging to this sub-sector (exhaustive list): – Centre national de la recherche scientifique (CNRS, National Scientific Research • Collectivités locales (local authorities) Centre) – Communes (municipal authorities) – Départements (departmental – Centre national d’études spatiales (CNES, authorities) National spatial studies centre) – Régions (regional authorities) – Syndicats et districts urbains (urban Consortium de réalisation (CDR) unions and districts)

– Ecole française d’Extrème-Orient (Far East • Organismes divers d’administration locale French School) – ODAL (miscellaneous local government organisations) Établissement public de financement et de – Chambres d’agriculture (chambers of restructuration (EPFR) agriculture) – Chambres de commerce et d’industrie – Institut international d’administration (chambers of industry and commerce) publique (IIAP, International Institute for – Chambres des métiers (chambers of Public Administration) trade) – ODAL culture vie sociale (cultural and – Office national interprofessionnel des social life) céréales (ONIC, National Interprofessional – ODAL d’action économique (economic Office for Cereals). affairs) – ODAL d’administration générale – Office national interprofessionnel du lait (general administration) (ONILAIT, National Interprofessional – ODAL de transports et Office for Milk and Milk Products) télécommunications (transportation and telecommunications)

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 91 – ODAL développement rural et Types of entities belonging to this sub-sector aménagement espace naturel (rural (exhaustive list): planning) – ODAL développement urbain (urban • Régimes d’assurances sociales (social planning) security schemes) – ODAL enseignement formation (teaching – Fonds spéciaux (special schemes) and training) – Régimes agricoles (farming schemes) – ODAL interventions sociales (social – Régime général de sécurité sociale services) (general schemes) – ODAL logement (housing) – Régimes d’indemnisation du chômage – ODAL santé (health). (unemployment benefit schemes) – Régimes de non salariés non agricoles Entities belonging to this sub-sector (illustrative (schemes for non-farming self-employed list): workers) – Régimes particuliers de salariés non – Chambre de commerce et d’industrie de agricoles (specific schemes for non- Paris (Chamber of Industry and Commerce farming employees) of Paris) • Organismes dépendant des assurances – Conseil régional d’Ile-de-France (Regional sociales (organisations controlled by the Authority of the Ile-de-France) social security authorities) – Hôpitaux publics ou participant au – Institut d’aménagement et d’urbanisme service public hospitalier (public de la région Ile-de-France (Regional hospitals or hospitals operating within Development Institute of the Ile-de- the French Health Service) France) – Oeuvres sociales (social welfare departments of the social security – Lycée international de Saint-Germain-en- funds) Laye (International High School of Saint- – Autres organismes dépendant des Germain-en-Laye) assurances sociales (other organisations controlled by the social security funds). – Ville de Paris (City of Paris) Entities belonging to this sub-sector (illustrative – Office de tourisme de Paris (Paris Office of list): Tourism) – Agence centrale des organismes de sécurité – Syndicat des transports parisiens (Paris sociale (ACOSS, the Central Agency of the Transportation Association). Social Security Organisations)

Borderline cases: – Caisse d’Assurance sociale mutuelle EDF- GDF (EDF-GDF social insurance scheme; Local social security organisations belong to see also borderline cases) “Social security funds”. – Caisse nationale d’allocations familiales 2.4 SOCIAL SECURITY FUNDS (CNAF, Familly Allowance Scheme)

Definition: The resident institutional entities – Caisse nationale d’assurance maladie engaged in granting benefits paid for by social (CNAM, Health Insurance Scheme) taxes and the organisations they control.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 92 March 2007 FRANCE – Caisse nationale d’assurance vieillesse des granting credit and/or investing in securities. travailleurs salariés (CNAVTS, pension For money and banking statistical purposes, scheme) this sector also comprises “Financial auxiliaries” (see sub-section 3.1.1.). – Hôpital américain de Paris (American Hospital in Paris) Types of entities belonging to this sub-sector (illustrative list): – Hôpital d’instruction des armées du Val-de- Grâce (Val-de-Grâce Hospital) • Comités Interprofessionnels du logement (CIL, interprofessional housing – Hôpital Pitié salpétrière (Pitié Salpétrière committees) Hospital) • Entreprises d’investissement (investment – Mutualité Sociale Agricole (CCSMA, firms) CCAFMA, CNAVMA, farming schemes, see also borderline cases) • Fonds Communs de Créances (specialised funds for the securitisation of receivables) – Pharmacie centrale des hôpitaux (Central Hospital Pharmacy) • Groupements de banques pour l’émission d’emprunts obligataires (banking syndicates – Régimes complémentaires de vieillesse set up to issue bonds) (AGIRC, ARRCO, IRCANTEC, complementary pension schemes) • Groupements professionnels de répartition d’emprunts collectifs au profit d’agents non – Union nationale pour l’emploi dans bancaires (professional associations set up l’industrie et le commerce (UNEDIC, to allocate the proceeds of collective loans Unemployment Benefit Fund). among non-banking businesses)

Borderline cases: • Instituts régionaux de participation (regional equity investment institutions) Registration with the “Mutualité Sociale Agricole” organisations and the “Caisse • OPCVM non monétaires (non-monetary d’Assurance sociale mutuelle EDF-GDF” is open and closed-end collective investment mandatory for the workers concerned. institutions) Therefore, these funds, which were originally mutual insurance organisations, are now • Organisations finançant les infrastructures included in “Social security funds”. publiques (organisations financing the public infrastructure)

3 CLASSIFICATION OF ENTITIES BELONGING • Sociétés de capital-risque n’ayant pas le TO THE “OTHER RESIDENTS” SECTOR statut d’établissement de crédit (capital risk corporations which are not credit 3.1 OTHER FINANCIAL INTERMEDIARIES (OFIS) institutions)

Definition: Resident financial corporations and • Sociétés de caution mutuelle (mutual quasi-corporations, other than MFIs, the main guarantee societies). business of which is financial intermediation through the incurring of liabilities other than in the form of deposits, and which specialise in

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 93 Entities belonging to this sub-sector (illustrative • Groupements d’intérêt économique dont la list): fonction économique principale est la production de services financiers (economic – Autoroutes de France (French motorway interest groups, the main business of which organisation) is the provision of financial services)

– BNP arbitrage SNC • Groupement d’intermédiaires financiers dont la fonction économique principale est – BNP Paribas equities france la production de services financiers de compensation et de règlement (community – Caisse Nationale des Autoroutes (CNA, of banks with the mission to provide clearing National Motorway Fund, see also borderline and settlement services) cases) • Sociétés de gestion de portefeuille (portfolio – HSBC securities management corporations)

– Eurocorporate • Sociétés holding financières n’ayant pas le statut d’établissement de crédit (financial – HSBC financial products holding companies which are not credit institutions). – Natexis Arbitrage Entities belonging to this sub-sector (illustrative – Natwest Markets Corporate Finance Ltd list):

– J P Morgan SPA – AXA asset management conseil

– DOMOS 4 – BNP PARIBAS asset management

– Cristalys 03-2001 – CDC gestion

– AutoABS 2002-01 – GIE des cartes bancaires CB

– Loggias. – Association Bancaire pour l’Euro ABE CLEARING (EBA clearing) Borderline cases: – GROUPAMA gestion The CNA, which used to be classified among credit institutions, is now included in “OFIs”. – La Banque Postale asset management

3.1.1 FINANCIAL AUXILIARIES – HSBC Investments France Definition: Entities which are principally engaged in activities closely related to financial – Credit Agricole private equity. intermediation, but which do not include the function of financial intermediation itself. 3.2 INSURANCE CORPORATIONS AND PENSION FUNDS Types of entities belonging to this sub-sector (illustrative list): Definition: Institutional entities which pool individual risks by paying for the losses • Changeurs manuels (bureaux de change) consumers might sustain as a result of any

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 94 March 2007 FRANCE misfortune. Their main resources come from – Mutuelles d’entreprises (insurance the premia and other contributions paid by companies for corporations) consumers and the return on their own – Sociétés mutualistes chirurgicales, portfolio. pharmaceutiques ou médicales (insurance companies specialising in Types of entities belonging to this sub-sector health insurance) (exhaustive list): – Sociétés mutualistes d’accidents sportifs (insurance companies specialising in • Organismes d’assurance et de sporting accident insurance). capitalisation – Caisse Nationale de Prévoyance Entities belonging to this sub-sector (illustrative (National Contingency Fund) list): – Caisses de retraite régies par les décrets du 12 juin 1964 et du 8 mars 1968 – Abeille-Paix Réassurance (pension funds ruled by the decrees of 12 June 1964 and 8 March 1968) – Assurances Générales de France (AGF) – Caisses départementales et Caisse centrale d’assurance et de réassurance – AXA-Union des Assurances de Paris (AXA- mutuelle agricole régies par le décret du UAP) 23 mai 1964 (departmental and central funds for farming insurance and – Caisse centrale de Réassurance (Central reinsurance, ruled by the decree of Reinsurance Fund) 23 May 1964; see also borderline cases) – Caisse Nationale de Prévoyance (CNP, – Sociétés d’assurance et de capitalisation National Contingency Fund) régies par le décret-loi du 14 juin 1938 (insurance and capitalisation companies, – Garantie Mutuelle des Fonctionnaires ruled by the decree-law of 14 June 1938; (GMF) see also borderline cases) – Sociétés spécialisées dans la réassurance – GROUPAMA (reinsurance companies) – Groupe des Assurances Nationales (GAN) • Mutuelles (insurance companies ruled by the Mutuality Code) – Mutuelles du Mans. – Mutuelles accidents-élèves (insurance companies specialising in school Borderline cases: insurance) – Mutuelles d’anciens combattants The Mutualité Sociale Agricole organisations (insurance companies for war veterans) and the Caisse d’Assurance Sociale mutuelle – Mutuelles d’artisans (insurance EDF-GDF are classified under “Social security companies for craftspeople) funds”. – Mutuelles de commerçants et industriels (insurance companies for tradespeople 3.3 NON-FINANCIAL CORPORATIONS and manufacturers) – Mutuelles de fonctionnaires, agents et Definition: Resident institutional entities, ouvriers de l’Etat (insurance companies which mainly produce and sell goods or non- for civil servants; see also borderline financial marketable services. cases)

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 95 Types of entities belonging to this sub-sector – Etablissements marchands (exhaustive list): d’enseignement et de recherche (commercial education and research • Entreprises unipersonnelles et exploitations institutes) agricoles à responsabilité limitée, créées en – Foyers de jeunes travailleurs (hostels for application de la loi n° 85-697 du 11 juillet young workers) 1985 (sole proprietorships and farms set up – Institut français du pétrole (French as limited liability companies in accordance Petroleum Institute) with Law No 85-697 of 11 July 1985) – Organismes de tourisme social (subsidised holiday accommodation) • Organismes privés sans but lucratif, – Sociétés de courses, Pari Mutuel des jouissant de la personnalité morale dont la Hippodromes, Pari Mutuel Urbain (horse vente de biens et services constituent au racing and betting associations) moins 50% de leurs ressources totales ou – Syndicats patronaux et ordres dont l’activité est exclusivement au service professionnels (employers’ federations des entreprises et qui sont financées par and professional bodies) elles (non-profit private organisations which – Touring Club de France derive more than half of their income from the sale of their services, or supply services • Sociétés privées productrices de biens et de to non-financial corporations) services non financiers qui jouissent de la – Ateliers protégés (sheltered workshops) personnalité morale, y compris les sociétés – Automobile Club de France (Automobile holdings non financières (private Club of France) corporations producing goods or non- – Centre de Recherche et de Documentation marketable services which are legal entities, sur la Consommation (CREDOC, a including non-financial holding consumer research centre) corporations, see also borderline cases) – Centres de transfusion sanguine (blood transfusion centres) • Sociétés et quasi-sociétés publiques – Centres techniques bénéficiaires de produisant principalement des biens ou taxes parafiscales professionnelles services marchands non financiers (publicly (technical centres funded by specific controlled corporations and quasi- taxes) corporations mainly producing goods or – Cité universitaire internationale de Paris non-financial marketable services) (Paris International Student Halls of – Grandes entreprises nationales (large Residence) state-owned companies) – Comités d’entreprise (works councils) – Autres sociétés publiques à caractère – Dispensaires, cliniques, hôpitaux ne industriel et commercial (other publicly participant pas au secteur public controlled industrial and commercial hospitalier (medical centres other than corporations) those belonging to public hospitals) – Maisons de retraite (old people’s • Autres sociétés non financières (other non- homes) financial corporations) – Etablissements d’hébergement des – Groupements d’intérêt économique personnes handicapées ou des enfants (economic interest groups) inadaptés (residential homes for people – Sociétés civiles dont la fonction with disabilities or special needs) économique principale est la production – Crèches autonomes (self-sufficient de biens ou la prestation de services non childcare centres) financiers (civil companies, the main

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 96 March 2007 FRANCE business of which is to produce goods or Borderline cases: non-financial services) – Sociétés coopératives agricoles et leurs Sole proprietorships and farms set up as limited unions (agricultural cooperatives). liability companies in accordance with Law No 85-697 of 11 July 1985 are classified under Entities belonging to this sub-sector (illustrative “Non-financial corporations”. list): Previously included in “Central government”, – Aérospatiale the financial activities of the Post Office (giro accounts) have since been transferred to “La – Air France-KLM Banque Postale”, which is a credit institution under French law. – Air Liquide 3.4 HOUSEHOLDS – Alcatel Alsthom Definition: Resident institutional units, the – Carrefour main function of which is consumption. Their resources are based upon wages, capital income, – Cap Gemini transfers from other sectors, or the sale of goods or non-financial marketable services – Compagnie générale des eaux produced by sole traders.

– Dassault électronique Types of entities belonging to this sub-sector (exhaustive list): – Electricité de France (EDF) • Entreprises individuelles (sole – Elf-Aquitaine proprietorships, see also borderline cases) – Artisans (craftspeople) – France Télécom – Commerçants (tradespeople) – Entreprises indépendantes industrielles – L’Oréal et de services (freelance contractors in the industrial and service sectors) – LVMH – Exploitants agricoles (farmers) – Membres de professions libérales – Michelin (professionals) – Personnes morales dont les membres – Peugeot relèvent du régime fiscal du forfait, quelle que soit la catégorie juridique – Renault (legal entities, the members of which are taxed on their estimated income, – Rhône-Poulenc whatever their legal status)

– Saint-Gobain • Particuliers (private individuals) – Personnes physiques à l’exception des – Société nationale des chemins de fer français entrepreneurs individuels (natural (SNCF, national railway company) persons with the exception of sole proprietorships). – Total.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 97 Borderline cases: Entities belonging to this sub-sector (illustrative list): Small non-profit-making private organisations which supply services to households and – Alliance française employ less than two full-time staff are classified under “Households”. – Association pour la recherche sur le Cancer (Association for Cancer Research) 3.5 NON-PROFIT INSTITUTIONS SERVING HOUSEHOLDS – Comité français pour la campagne mondiale contre la faim (French Committee for the Definition: Resident private organisations World Campaign against hunger) which mainly produce non-marketable services intended for specific groups of households and/ – Croix-Rouge Française (French Red Cross) or produce marketable services intended for households without a profit-making motive. – Fondation de France (Foundation of Their resources come from contributions made France) by households on a voluntary basis, property income or the sale of marketable services. – Institut social de France et de l’Union européenne (Social Institute of France and Types of entities belonging to this sub-sector the European Union). (exhaustive list):

• Cultes et communautés religieuses (religious 4 BORDERLINE CASES IN THE DELIMITATION associations) OF THE DOMESTIC AREA

• Entraide et bienfaisance (support and For money and banking statistics purposes, the charitable organisations and foundations) French territory comprises metropolitan France including Monaco, its overseas departments • Partis politiques (political parties) (Guadeloupe, Guyane, Martinique and Réunion), Saint Pierre and Miquelon, and • Représentation et défense des intérêts de Mayotte. French overseas territories are certaines catégories de ménages excluded. – Syndicats de salariés (labour unions) – Syndicats de copropriété (property International organisations, including their owners’ associations) branches or representatives on French territory, – Associations de consommateurs as defined above, are treated as non-residents. (consumer associations) Seasonal workers and people crossing the • Santé (institutions providing medical border every day to work, who live in France support or raising funds to finance medical and work abroad, should be treated as residents, research) whatever their citizenship.

• Soutien des artistes et action culturelle (associations supporting cultural activities)

• Autres loisirs (associations supporting sports and other leisure activities).

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 98 March 2007 FRANCE 5 ADDITIONAL SOURCES OF INFORMATION AND CONTACT PERSONS

Additional sources of information:

• Décision n° 02-01 du 22 mai 2002 du Gouverneur de la Banque de France

• Avis n° 02-01 du 23 mai 2002 modifié par l’avis n° 04-01du 23 juin 2004 du Directeur général des Etudes et des Relations internationales

• Avis n° 02-03 du 10 octobre 2002 du Directeur général des Etudes et des Relations internationales.

Contact persons:

Emmanuel Gervais Banque de France 47-1417 SASM - 75049 PARIS Cedex 01 Fax: +33 1 42 92 27 09 E-mail: [email protected]

Patrick Augeraud Banque de France 47-1421 SESOF - 75049 PARIS Cedex 01 Fax: +33 1 42 92 27 52 E-mail: [email protected]

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 99 ITALY

1 INTRODUCTION 1.2 KEY WORDS FOR SECTORISATION

1.1 GENERAL REMARKS Artigiani (craftspeople) see “Households”; see also “Non-financial corporations” The main non-MFI sectors for Italian residents are the “General government” sector (the public Associazioni see “OFIs”: “Financial sector in Italy) and the “Other residents” auxiliaries”; see also “Non-financial sector. corporations”

The “General government” sector consists of Credito al consumo (consumer credit central government bodies, local government enterprises) see “OFIs” entities and social security funds (there is no “State government” sub-sector in Italy). State- Factoring see “OFIs” owned corporations are only included in the “General government” sector if they do not Finanziarie (holdings) see “OFIs”; see also produce for the market. In the majority of cases, “Non-financial corporations” corporations controlled by the state produce for the market and, as a consequence, they are Fondi pensione (pension funds) see included in the “Other residents” sector. “Insurance corporations and pension funds”

The “Other residents” sector is composed of: Imprese di servizi (service providers) see “Non-financial corporations” • The financial sector, which comprises “OFIs”, “Financial auxiliaries” and “Insurance Imprese manifatturiere (manufacturing firms) corporations and pension funds”. With regard see “Non-financial corporations” to the requirements of euro area money and banking statistics, data on “Financial Imprese pubbliche (state-owned enterprises) auxiliaries” will be included under “OFIs”. see “Central government” or “Local government” (if the enterprises do not produce • “Non-financial corporations” for the market); see also “Non-financial corporations” (if they do produce for the • “Households” market)

• “Non-profit institutions serving Leasing see “OFIs” households”. Organismi di investimento collettivo in valori Since June 1998 banking statistics have been mobiliari (OICVM), Organismi di investimento compiled in accordance with the ESA 95 collettivo del risparmio (OICR) (investment sectorisation. However, the innovations in funds) see “OFIs” sectoral definitions have caused discontinuities in the time series. Breaks are large for the Sanità (health services) see “Local “Households” and “Non-financial corporations” government”; see also “Non-financial sub-sectors. Minor changes have been made to corporations” the “Social security funds” and “Insurance corporations and pension funds” sub-sectors. Società di intermediazione mobiliare (SIM) Banking loans to the sub-sectors are published (investment firms) see “OFIs” monthly in the Banca d’Italia’s Supplement to the Statistical Bulletin (“Banche e fondi comuni Università see “Local government”. monetari”).

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 100 March 2007 ITALY 2 CLASSIFICATION OF ENTITIES BELONGING TO – CNR – Consiglio Nazionale delle ricerche THE “GENERAL GOVERNMENT” SECTOR (National Research Council)

Definition: All institutional units, the output of – CONI – Comitato Olimpico nazionale which is intended for individual and collective Italiano (Italian Olympic Committee) consumption (mainly financed by compulsory payments), and all institutional units mainly – Constitutional court engaged in the redistribution of national income and wealth.1 – CRI – Croce rossa italiana (Italian Red Cross) 2.1 CENTRAL GOVERNMENT – Agenzia Nazionale del Turismo (National Definition: Administrative departments of the Tourism Institute) state and public agencies, the competence of which extends over the entire economic – National Statistical Institute (ISTAT) territory. (The administration of social security funds is considered separately.) – Parliament

The complete list of “Central government” – Treasury. entities is available on request. 2.2 STATE GOVERNMENT Types of entities belonging to this sub-sector (illustrative list): Not applicable.

• Authorities for economic activity 2.3 LOCAL GOVERNMENT

• Constitutional bodies Definition: Public administrations, the competence of which only covers a geographical • Entities subject to the supervision of a area within the economic territory. (Local ministry agencies of social security funds are excluded.) • Ministries Types of entities belonging to this sub-sector • State-owned enterprises that do not produce (illustrative list): for the market and perform their activities at the national level. • Camere di commercio, industria, artigianato e agricoltura Entities belonging to this sub-sector (illustrative list): • Comuni (municipalities)

– ANAS – Azienda Nazionale Autonoma delle • Provinces strade

– The Energy Authority

1 The comprehensive official list of the entities belonging to the – Authority for Information Technology in the “General government” sector is posted on the Italian National Public Sector Institute of Statistics website (http://www.istat.it). At the moment this is only available on the Italian part of the website under: strumenti → definizioni e classificazioni  → elenco delle amministrazioni pubbliche.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 101 • Public enterprises not producing for the – Social security funds for chemists market and performing their activities purely at the local level – Social security funds for journalists.

• Regional health units 3 CLASSIFICATION OF ENTITIES BELONGING TO • Regioni THE “OTHER RESIDENTS” SECTOR

• State-owned universities. 3.1 OTHER FINANCIAL INTERMEDIARIES (OFIs)

Entities belonging to this sub-sector (illustrative Definition: All financial corporations and list): quasi-corporations which are mainly engaged in financial intermediation by incurring – ASL – Aziende sanitarie locali (local health liabilities other than currency, deposits and/or units) close substitutes for deposits from institutional units other than MFIs and insurance technical – Comune di Roma reserves. Holding corporations are classified under this sub-sector if they control and direct – Harbour authorities a group of subsidiaries principally engaged in financial intermediation and/or in auxiliary – Local tourist offices financial activities.

– Parco Nazionale del Gran Paradiso Types of entities belonging to this sub-sector (illustrative list): – Regione Sicilia. • Consumer credit enterprises 2.4 SOCIAL SECURITY FUNDS • Factoring enterprises Definition: Institutional units, the principal purpose of which is to provide social benefits. • Holdings of financial groups These units are managed by the general government, and certain sections of the • Investment funds, OICVM, OICR population are obliged to contribute to them. • Leasing enterprises Types of entities belonging to this sub-sector: • SIM (investment firms). • National social security funds Entities belonging to this sub-sector (illustrative • Other minor bodies that fulfil the list): requirements described above. – Agos S.p.A. Entities belonging to this sub-sector (illustrative list): – Profit SIM S.p.a.

– INAIL – Istituto nazionale infortuni sul – Fondazione Monte dei Paschi di Siena lavoro e malattie professionali – IFIL S.p.A. – INPS – Istituto nazionale della previdenza sociale – Arca BB

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 102 March 2007 ITALY – FIN. ECO Leasing S.p.A. 3.2 INSURANCE CORPORATIONS AND PENSION FUNDS – Intesa Mediofac toring S.p.A. Definition: Corporations and quasi-corporations 3.1.1 FINANCIAL AUXILIARIES which are principally engaged in financial Definition: Entities which are engaged in intermediation as a consequence of the pooling activities closely related to financial of risks. intermediation. Types of entities belonging to this sub-sector Types of entities belonging to this sub-sector (illustrative list): (illustrative list): • Insurance companies (accident and injury • Associations of financial institutions insurance)

• Banking associations • Insurance companies (life assurance)

• Control authorities • Pension funds.

• Exchange market brokers Entities belonging to this sub-sector (illustrative list): • Insurance brokers – Assicurazioni Generali S.p.A. • Management market enterprises and clearing houses. – Ente nazionale di assistenza e previdenza pittori e scultori, musicisti, scrittori, autori Entities belonging to this sub-sector (illustrative drammatici list): – INA S.p.A. – ABI – Associazione Bancaria Italiana (Italian Banking Associations) – RAS S.p.A.

– BORSA S.p.A. – TORO S.p.A.

– Cassa di compensazione e garanzia Spa 3.3 NON-FINANCIAL CORPORATIONS

– CONSOB – Commissione nazionale per le Definition: Institutional units that produce società e la borsa (Institute for the goods and provide non-financial services for Supervision of the Stock Exchange) the market. All corporations are classified under this sector, which also includes state- – ARCA s.g.r. owned companies producing for the market. Associations of non-financial institutions are – ISVAP – Istituto per la vigilanza sulle also included in this sector. The definition also assicurazioni private e di interesse collettivo includes holding corporations which control (institute for the supervision of private and and direct a group of subsidiaries that are collective insurance) mostly non-financial market producers.

– Montetitoli S.p.A.

– Ufficio Italiano Cambi.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 103 Types of entities belonging to this sub-sector 3.4 HOUSEHOLDS (illustrative list): Definition: Consumers and small enterprises • Associations of non-financial institutions (sole proprietorships and informal partnerships without independent legal status and with no • Craftspeople more than five employees).

• Holdings of non-financial groups Types of entities belonging to this sub-sector:

• Imprese individuali (sole proprietorships) • Craftspeople with more than five employees • Professionals • Manufacturing firms • Other households. • Service providers Borderline cases: • Società di capitali (corporations) Non-profit institutions serving households • Società di persone (unincorporated without any employees, and financial auxiliaries partnerships) without any employees.

• Transport firms. 3.5 NON-PROFIT INSTITUTIONS SERVING HOUSEHOLDS Entities belonging to this sub-sector (illustrative list): Definition: Non-profit institutions which are separate legal entities and serve households. – All non-financial corporations, the names of They are only considered to be distinct from which contain S.p.A., S.R.L., S.N.C. or S. households if they have at least one employee. A.S. Types of entities belonging to this sub-sector – ENI S.p.A. (illustrative list):

– Poste italiane S.p.A. • Charity funds

– FIAT S.p.A. • Political parties

– Ferrovie dello Stato S.p.A. • Religious organisations

– Italsiel S.p.A. • Sports associations

– Pirelli S.p.A. • Unions.

Borderline cases: Entities belonging to this sub-sector (illustrative list): All enterprises with more than five employees. – Caritas

– UIL – Unione Italiana Lavoro.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 104 March 2007 ITALY 4 BORDERLINE CASES IN THE DELIMITATION OF THE DOMESTIC AREA

Units located in San Marino and the Vatican City are considered to be non-residents.

5 ADDITIONAL SOURCES OF INFORMATION AND CONTACT PERSONS

Additional sources of information:

“Classificazione della clientela bancaria per settori di attività economica”, Banca d’Italia.

Contact persons:

For further information, please contact:

Banca d’Italia Research Department Direzione per l’Informazione e l’Elaborazione Statistica Divisione Metodi, Indagini e Statistiche Finanziarie Via Nazionale 91 00184 Roma Fax: +39 6 47923611

Mr Riccardo De Bonis Tel.: +39 6 47922335 E-mail: [email protected]

Mr Fabio Farabullini Tel.: +39 6 47922480 E-mail: [email protected]

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 105 CYPRUS

1 INTRODUCTION • “Local government”, including local authorities (municipalities) (S.1313.1) and 1.1 GENERAL REMARKS community councils (S.1313.2)

The Cyprus country chapter has been written • “Social security funds” (S.1314). following the “Directive on the classification of institutional units into institutional sectors “Other residents” is divided into: and sub-sectors in accordance with the European System of Accounts (ESA 95)”, issued in July • Financial corporations other than MFIs, 2003 and revised in October 2003 and March comprising “OFIs” (S.123), “Financial 2005. auxiliaries” (S.124) and “Insurance corporations and pension funds” (S.125). As part of the Directive, an Electronic Register “OFIs” (S.123) is further subdivided into of institutional units was created with the aim “Investment funds” (S.123.1) and “Others” of assisting MFIs in the classification of their (S.123.2), whereas “Insurance corporations customers. Each institutional unit included in and pension funds” (S.125) is further the Register is classified in the appropriate subdivided into “Insurance companies” ESA 95 sectors/sub-sectors. The Electronic (S.125.1) and “Pension funds” (S.125.2) Register was provided to all MFIs and is updated by the Central Bank of Cyprus on a • “Non-financial corporations” (S.11), regular basis. For each institutional unit including public non-financial corporations, included, the Electronic Register contains its national private non-financial corporations name, the corresponding code for the ESA 95 and foreign controlled non-financial institutional sector, sub-sector or category and, corporations; these subdivisions are, where relevant, its registration number at the however, not required at present Registrar of Companies and Official Receiver and the organisation type. The Electronic • “Households” (S.14), which is further Register is available to MFIs in the form of a subdivided into “Employers” (including compact disc from the Central Bank of own account workers) (S.14.1) and “Private Cyprus. individuals” (S.14.2)

The Cypriot sectoral classification of domestic • “Non-profit institutions serving households” non-MFIs refers to the “General government” (S.15). sector and the “Other residents” sector. 1.2 KEY WORDS FOR SECTORISATION In particular, the “General government” sector is subdivided into: Ασφαλιστική εταιρεία (insurance company) see “Insurance corporations and pension • “Central government”, which consists of funds” the ministries and other administrative services (S.1311.1) as well as the semi- Δήμος (municipality) or Κοινοτικό Συμβούλιο governmental organisations (S.1311.2) (community council) see “Local government” • “State government”, which under the Constitution of the Republic of Cyprus does Συνεργατική εταιρεία or Συνεργατικό not apply Παντοπωλείο or Συνεργατικός Οργανισμός (cooperative institution) see “Non-financial corporations”

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classifi cation of customers 106 March 2007 CYPRUS Συνεργατική Πιστωτική Εταιρεία (cooperative Commission and the Educational Service credit society) or Συνεργατικό Ταμιευτήριο Commission. (cooperative savings society) see “MFIs” • Semi-governmental organisations Σχολική Εφορεία (school committee) see – School committees “Central government” – Cyprus Sports Organisation – Cyprus Tourism Organisation Ταμείο Προνοίας (provident fund) or Ταμείο – Cyprus Theatrical Organisation Συντάξεως (pension fund) see “Insurance – University of Cyprus. corporations and pension funds” 2.2 STATE GOVERNMENT Υπουργείο (ministry) see “Central government”. In principle, this sub-sector consists of state governments which are separate institutional units and which exercise some of the functions 2 CLASSIFICATION OF ENTITIES BELONGING of the government at a level below that of the TO THE “GENERAL GOVERNMENT” SECTOR central government, and above that of the government institutional units existing at a 2.1 CENTRAL GOVERNMENT local level, except for the administration of social security funds. Definition: All administrative services of the Republic of Cyprus and the remaining central However, under the Constitution of the Republic agencies/bodies/organisations whose of Cyprus, this sub-sector does not apply. competence extends over the whole economic territory, except for the administration of social 2.3 LOCAL GOVERNMENT security funds. Non-profit institutions which are controlled and mainly financed by the Definition: This includes those types of public central government and whose competence administration whose competence only extends extends over the whole economic territory are to a local part of the economic territory. The also included. local offices of social security funds are excluded. Non-profit institutions which are Entities belonging to this sub-sector (illustrative controlled and mainly financed by local list): governments and whose competence is restricted to the economic territories of the • Ministries and other administrative local government are also included. services – Ministries Entities belonging to this sub-sector (illustrative – Offices and committees falling under the list): Presidency (e.g. the Office of the Government Spokesperson, the Council • Local authorities (municipalities) of Ministers) – Nicosia Municipality – The House of Representatives – Limassol Municipality – The Independent Services (e.g. the Law – Pafos Municipality Office of the Republic, the Supreme Court of Cyprus and other courts, the • Community councils Audit Office, the Office of the – Agios Georgios Community Council Commissioner for Administration – Agios Thomas Community Council (Ombudsman), the Public Service – Kornos Community Council – Nisou Community Council.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 107 2.4 SOCIAL SECURITY FUNDS The borderline with MFIs (S.122) is determined by the non-existence of liabilities in the form Definition: This sub-sector includes all the of deposits or close substitutes of deposits central, state and local institutional units whose vis-à-vis non MFIs, while the borderline with principal activity is to provide social benefits “Insurance corporations and pension funds” and which fulfil each of the following criteria: (S.125) is determined by the non-existence of liabilities in the form of insurance technical b) Certain groups of the population are obliged reserves. by law or by regulation to participate in the scheme or to pay contributions. Types of entities belonging to this sub-sector (illustrative list): c) The general government sector is responsible for the management of these units and for • Investment funds: the settlement or approval of the – Actibond Growth Fund Public Company contributions and benefits, independently Ltd of its role as a supervisory body or – Arcadea Investment Fund employer. – Cytrustees Investment Public Company Ltd The following units are classified under this – T2 Bluehouse Capital GP Ltd sub-sector: – Unigrowth Investments Public Ltd – Vantech Growth Fund Ltd. b) General Benefit Account • Other financial intermediaries (including c) Supplementary Benefit Account financial vehicle corporations engaged in lending, financial vehicle corporations, d) Unemployment Benefit Account financial holding corporations, and securities and derivatives dealers trading on e) Redundancy Fund their own account): – Alpha Asset Finance Ltd f) Central Holiday Fund – Ellinas Finance Ltd – Hellenic Bank (Factors) Ltd g) Medical Treatment and Welfare Scheme for – JCC Payments Systems Ltd hourly paid employees – TFI Public Company Ltd – Universal Leasing and Factoring Ltd. h) Insolvency Fund. 3.2 FINANCIAL AUXILIARIES

3 CLASSIFICATION OF ENTITIES BELONGING Definition: All financial corporations which TO THE “OTHER RESIDENTS” SECTOR are principally engaged in auxiliary financial activities, i.e. activities closely related to 3.1 OTHER FINANCIAL INTERMEDIARIES (OFIs) financial intermediation, but which are not financial intermediation themselves. Definition: This sub-sector consists of all financial corporations which are principally The following financial corporations should be engaged in financial intermediation by incurring classified in this sub-sector: liabilities in forms other than deposits and/or close substitutes for deposits, from institutional a) Insurance brokers, insurance and pension units other than MFIs, or insurance technical consultants reserves.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classifi cation of customers 108 March 2007 CYPRUS b) Loan brokers, securities and derivatives – Atlantic Securities Ltd brokers, and investment advisers – e.g. Cypriot investment firms providing – Centaur Financial Services Ltd investment services (ΚΕΠΕΥ), investment firms incorporated in an EU Member State – DFG Capital (Cyprus) Ltd which are granted authorisation by the respective supervisory authority and provide – Laiki Brokerage Ltd services in Cyprus through a branch (ΕΠΕΥ) – Suphire Holdings Public Ltd c) Flotation corporations which manage the – Windsor Brokers Ltd. issue of securities 3.3 INSURANCE CORPORATIONS AND PENSION d) Corporations whose principal function is to FUNDS guarantee, by endorsement, bills and similar instruments Definition: Financial corporations engaged in financial intermediation as the consequence of e) Corporations which manage, without the pooling of risks. The insurance contracts issuing, derivatives and hedging instruments, might relate to individuals and/or groups, such as currency or interest rate swaps, irrespective of whether or not participation options and futures results from a general obligation imposed by the government. Furthermore, social insurance f) Supervisory authorities of financial contracts sometimes form a considerable part intermediaries and financial markets when of the contracts administered. they are separate institutional units, e.g. the Cyprus Securities and Exchange Types of entities belonging to this sub-sector: Commission • Insurance corporations (illustrative list): g) Managers of pension funds, mutual funds, – Atlantic Insurance Company Ltd etc. – American Home Assurance Co. – Axioma Insurance (Cyprus) Ltd h) Corporations providing stock exchange and – Eurolife Ltd insurance exchange services, e.g. the Cyprus – Trust International Insurance Company Stock Exchange (Cyprus) Ltd – The Agricultural Insurance Organisation i) Corporations providing infrastructure for (ΟΓΑ) financial markets • Pension funds. This category includes j) Non-profit institutions recognised as pension funds, provident funds and medical independent legal entities serving financial funds (illustrative list): corporations, but which are not engaged in – Hotel Employees Provident Fund financial intermediation or auxiliary – Cyprus Tourism Organisation Employee financial activities. Pension Fund.

Types of entities belonging to this sub-sector 3.3 NON-FINANCIAL CORPORATIONS (illustrative list): Definition: Independent legal entities which – Active Insurance Agencies Ltd are market producers and whose principal activity is the production of goods and non-

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 109 financial services. The “Non-financial principal sources of income, apart from those corporations” sub-sector is further divided into derived from occasional sales, consist of three further sub-sectors (Public non-financial voluntary contributions in cash or in kind, from corporations, National private non-financial households in their capacity as consumers, corporations, and Foreign controlled non- from payments made by general governments, financial corporations). However, this and from property income. breakdown is not currently requested. Types of entities belonging to this sub-sector Types of entities belonging to this sub-sector: (illustrative list):

– Corporations registered with the Registrar • Trade unions, e.g. the Cyprus Union of Bank of Companies and Official Receiver, Employees (ETYK), the Cyprus Workers classified as non-financial corporations Confederation (SEK), the Pan-Cyprian Federation of Labour (PEO), professional – Corporations or partnerships registered with and scientific associations, consumers’ the Commissioner of Cooperative Societies associations, political parties, churches, Supervision and Development Authority, convents, metropolitan and religious classified as non-financial corporations societies, including those financed but not controlled by governments – Semi-government organisations and other organisations controlled by the government • Social, cultural, recreational and sports which are market producers and do not fall clubs, societies, associations, groups, under the “Central government” sub- organisations and unions sector. • Charities, relief and aid organisations 3.4 HOUSEHOLDS financed by voluntary transfers in cash or in kind from other institutional units, including Definition: Individuals or groups of individuals those serving non-residential units. in their capacity as consumers, and possibly also as entrepreneurs producing market goods and non-financial and financial services. This 4 BORDERLINE CASES IN THE DELIMITATION also includes individuals or groups of OF THE DOMESTIC AREA individuals as producers of goods and non- financial services exclusively for their own Not applicable. financial use.

Types of entities belonging to this sub-sector: 5 ADDITIONAL SOURCES OF INFORMATION AND CONTACT FOR INFORMATION • Employers (including own-account workers) The Electronic Register, which contains exhaustive lists of units classified in each • Private individuals. sector/sub-sector, can be provided by the Central Bank of Cyprus upon request. 3.5 NON-PROFIT INSTITUTIONS SERVING HOUSEHOLDS

Definition: Non-profit institutions which are separate legal entities that provide non-market goods and services to households. Their

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classifi cation of customers 110 March 2007 CYPRUS Contact details:

Ms Christina Nicolaidou Money and Banking and Financial Accounts Section Statistics Department Central Bank of Cyprus E-mail: [email protected] Tel.: ++357-22714429 Fax: ++357-22378164

Ms Androulla Melifronidou Money and Banking and Financial Accounts Section Statistics Department Central Bank of Cyprus E-mail: AndroullaMelifronidou@centralbank. gov.cy Tel : ++357-22714438 Fax: ++357-22378164

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 111 LATVIA

1 INTRODUCTION Ieguldījumu brokeru sabiedrība (IBS) (investment brokerage company) see 1.1 GENERAL REMARKS “OFIs”

In the Republic of Latvia, the classification of Ieguldījumu fonds (IF) (investment fund) institutional sectors is based on the ESA 95. see “OFIs” Domestic non-MFIs can be broadly split into the “General government” sector and the “Other Ieguldījumu pārvaldes sabiedrība (IPS) residents” sector. As the level of “State (investment management company) see government” does not exist in Latvia, the “Financial auxiliaries” “General government” sector consists of central government bodies and local authorities, as Līzings (leasing) see “OFIs” well as social security funds. The latter are not distinguished for the purposes of money and Lombards (pawn shop) see “OFIs” banking statistics. Ministrija (ministry) see “Central The “Other residents” sector is composed of government” “Other financial intermediaries (OFIs)”, “Financial auxiliaries” (which, although Pagasta padome (regional council) see regarded as a separate category in the national “Local government” accounts, is nonetheless part of “OFIs” for money and banking statistics purposes), Pašvaldība (local government; municipality) “Insurance corporations and pension funds”, see “Local government” “Non-financial corporations”, “Households” and “Non-profit institutions serving Pensiju fonds (pension fund) see “Insurance households”. corporations and pension funds”

1.2 KEY WORDS FOR SECTORISATION Skola (school; used as a word or part of a compound) see “Central government” or AS is an abbreviation of akciju sabiedrība, “Local government”. which stands for a stock company, whereas valsts AS (the abbreviation VAS is also used) It should be borne in mind that the Latvian means a state stock company. SIA is an language is a synthetic one, which means that abbreviation of sabiedrība ar ierobežotu nouns and adjectives are inflected for case, atbildību, which denotes a limited liability number and gender, and their suffixes may company. These, however, cannot be the sole change. basis for classification.

Valsts aģentūra (government agency) see 2 CLASSIFICATION OF ENTITIES BELONGING TO “Central government” THE “GENERAL GOVERNMENT” SECTOR

Apdrošināšanas AS (insurance stock company) 2.1 CENTRAL GOVERNMENT see “Insurance corporations and pension funds“ Definition: All governmental bodies, agencies and other public entities whose competence Dome (city council) see “Local extends to the whole economic territory of the government” Republic of Latvia. Public non-profit institutions controlled and financed by the central government are also included.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 112 March 2007 LATVIA Types of entities belonging to this sub-sector – Latvijas Lauksaimniecības universitāte (illustrative list): (Latvian University of Agriculture)

• Government agencies – Latvijas Nacionālā bibliotēka (National Library of Latvia) • Latvian embassies and representative offices – Latvijas Republikas Augstākā tiesa (Supreme Court of the Republic of Latvia) • Ministries – Latvijas Republikas Saeima (Latvian • Public healthcare institutions Parliament)

• Public higher and secondary education – Latvijas Republikas Valsts prezidenta institutions financed by the central kanceleja (Chancery of the President of government Latvia)

• Public law enforcement institutions. – Latvijas Universitāte (University of Latvia) Entities belonging to this sub-sector (illustrative list): – Latvijas Valsts ceļi, valsts AS (Latvian State Roads, a state stock company) – Bērnu klīniskā universitātes slimnīca, valsts AS (University Children‘s Hospital, state – LR Ārlietu ministrija (Ministry of Foreign stock company) Affairs of the Republic of Latvia)

– Bīstamo atkritumu pārvaldības valsts – LR Finanšu ministrija (Ministry of Finance aģentūra (State Agency for Hazardous Waste of the Republic of Latvia) Management) – LR Iekšlietu ministrijas Valsts policija – Centrālā vēlēšanu komisija (Central Election (State Police of the Ministry of the Interior Commission) of the Republic of Latvia)

– Eiropas Savienības informācijas aģentūra, – LR Iepirkumu uzraudzības birojs valsts aģentūra (European Union Information (Procurement Monitoring Bureau of the Agency, a governmental agency) Republic of Latvia)

– Korupcijas novēršanas un apkarošanas – LR Patentu valde (Patent Office of the birojs (Bureau for the Prevention and Republic of Latvia) Combating of Corruption) – LR Satversmes tiesa (Constitutional Court – Latvijas Dabas muzejs, valsts aģentūra of the Republic of Latvia) (Natural History Museum of Latvia, a governmental agency) – LR Uzņēmumu reģistrs (Register of Enterprises of the Republic of Latvia) – Latvijas Investīciju un attīstības aģentūra, valsts aģentūra (Latvian Investment and – LR Valsts ieņēmumu dienests (State Revenue Development Agency, a governmental Service) agency)

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 113 Pārtikas un veterinārais dienests (Food and Types of entities belonging to this sub-sector Veterinary Service) (illustrative list):

– Patērētāju tiesību aizsardzības centrs • Municipal police (Consumer Rights Protection Center) • Municipalities, municipal bodies and – Paula Stradiņa klīniskā universitātes agencies slimnīca, valsts AS (Pauls Stradins‘ Clinical University Hospital) • Cultural and educational institutions financed by local governments – Privatizācijas aģentūra, valsts AS (Latvian Privatisation Agency, a state stock • Healthcare institutions financed by local company) governments

– Valsts Kultūrkapitāla fonds (State Culture • Ports. Capital Foundation). Entities belonging to this sub-sector (illustrative Borderline cases: list):

In money and banking statistics, social security – Jelgavas Pilsētas centrālā zinātniskā funds are treated as part of “Central bibliotēka (Central Scientific Library of the government”, as their assets are not directly City of Jelgava) placed with credit institutions. Instead, they are deposited with the Treasury, which is part of – Jūrmalas Teātris (Jūrmala Theatre) “Central government”. – Liepājas speciālās ekonomiskās zonas Latvian companies that have a capital stake pārvalde (Liepāja Special Economic Zone held by the government, are engaged in the Authority) production of market goods and services, and are not subject to government control either – Mērsraga ostas pārvalde (Mērsrags Port through decision-making or financing, are Authority) classified according to their principal activity in the relevant sector outside the “General – Rīgas dārzi un parki, Rīgas pašvaldības government” sector. For example, valsts AS aģentūra (Riga Gardens and Parks, an Latvijas Pasts (Latvian Postal Service) is a agency of the municipality of Riga) non-financial company. – Rīgas Domes Pilsētas attīstības departaments 2.2 STATE GOVERNMENT (City Development Department of the Riga City Council) Not applicable. – Rīgas pašvaldības policijas pārvalde 2.3 LOCAL GOVERNMENT (Municipal Police of the City of Riga)

Definition: Public institutions whose – Rīgas Pieminekļu aģentūra, Rīgas competence purely extends to the local pašvaldības aģentūra (Riga Monuments economic territory. Local governments include Agency, an agency of the Municipality of public non-profit institutions controlled and Riga) financed by the local government.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 114 March 2007 LATVIA – Rīgas pilsētas sabiedrisko pakalpojumu 3 CLASSIFICATION OF ENTITIES BELONGING TO regulators (Public Utilities Regulator of the THE “OTHER RESIDENTS” SECTOR City of Riga) 3.1 OTHER FINANCIAL INTERMEDIARIES (OFIs) – Rīgas Tūrisma koordinācijas un informācijas centrs (Riga Tourism Coordination and Definition: Financial corporations that are Information Centre) primarily engaged in financial intermediation by incurring liabilities in forms other than – Ventspils brīvostas pārvalde (Ventspils Free currency, deposits and close substitutes for Port Authority) deposits from their customers other than MFIs, or insurance technical reserves. Although – Ventspils pilsētas dome (City Council of identified separately in national and financial Ventspils) accounts, financial auxiliaries are covered here in money and banking statistics (see sub-section – Ventspils slimnīca, pašvaldības SIA 3.1.1). (Ventspils Hospital, a limited liability company of the Municipality of Riga). Types of entities belonging to this sub-sector (illustrative list): 2.4 SOCIAL SECURITY FUNDS • Financial leasing and factoring companies Definition: All governmental bodies and entities whose principal activity is to administer • Other companies engaged in lending public social services and funds obtained as mandatory social insurance contributions • Investment brokerage companies, which are where, by law, certain groups of the population authorised to provide investment services are subject to that social insurance scheme. and ancillary (non-core) investment services Entities belonging to this sub-sector (exhaustive list): • Investment funds (IFs)

– Valsts Sociālās apdrošināšanas aģentūra • Pawnshops. (State Social Insurance Agency). Entities belonging to this sub-sector (illustrative Borderline cases: list):

In money and banking statistics, social security – Garnets, lombardu AS funds are treated as part of “Central government”, as their assets are not directly – GE Money, AS placed with credit institutions. Instead, they are deposited with the Treasury, which is part of – Hansa līzings, SIA “Central government”. – HVB Leasing, SIA

– Inserviss Group, SIA

– Latvijas Garantiju aģentūra

– Lombards “Moda”

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 115 – Marģerts, lombardu AS 3.1.1 FINANCIAL AUXILIARIES Definition: Financial corporations that are – Mazo un vidējo komersantu riska kapitāla primarily engaged in auxiliary financial sabiedrība, SIA activities, i.e. activities that are closely related to financial intermediation but are not financial – Nekustamā īpašuma fonds, slēgtais intermediation themselves. Financial auxiliaries ieguldījumu fonds are identified separately in national and financial accounts, but are treated as a sub- – Nord/LB līzings, SIA sector of “OFIs” in money and banking statistics. – Nordea Finance Latvia, SIA Types of entities belonging to this sub-sector – Parex Eastern European Balanced Fund, (illustrative list): atvērtais ieguldījumu fonds • Corporations that provide infrastructure for – Parex Express kredīts, SIA financial markets

– Parex Russian Equity Fund, atvērtais • Institutions that supervise MFIs, financial ieguldījumu fonds corporations and the financial market

– Prudentia, SIA • Investment management companies, which manage investment funds and/or state- – RB Securities, AS funded pension scheme assets

– Rīgas Pilsētas lombards, SIA • Insurance brokers

– SEB Unilīzings, AS • Brokers who engage in financial intermediation services on behalf of – Suprema, AS customers.

– Vides investīciju fonds, SIA. Entities belonging to this sub-sector (illustrative list): Borderline cases: – Baltikums Asset Management, AS In Latvia, IFs and MMFs are governed by one and the same law; and for supervisory purposes, – Finanšu un kapitāla tirgus komisija MMFs are considered in the category of IFs. (Financial and Capital Market Commission, For the purposes of MFI and OFI statistics, the which is Latvia’s supervisory authority) Bank of Latvia segregates MMFs from the IF population and includes them in the MFI list, – Hansa apdrošināšanas brokeris, SIA which is published on the Bank of Latvia‘s internet site (www.bank.lv). For supervisory – Hansa fondi, ieguldījumu pārvaldes purposes, the IF list also includes MMFs. This sabiedrība, AS list is published by the supervisory authority (www.fktk.lv). – Inkasso Latvia, SIA

In Latvia, IFs are not legal entities and are – Lateko apdrošināšanas brokeris, SIA managed by investment management companies, which are classified as “Financial auxiliaries”.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 116 March 2007 LATVIA – Latvijas Centrālais depozitārijs, AS (Latvian • Non-life insurance companies Central Depository) • Pension funds – Lauku attīstības fonds, valsts AS • Reinsurance companies. – Parex Asset Management, ieguldījumu pārvaldes AS Entities belonging to this sub-sector (illustrative list): – RB brokeris, SIA – Balta, apdrošināšanas AS – Rīgas Brokeri, SIA – Baltijas Apdrošināšanas nams, – Rīgas Fondu birža, AS (Riga Stock apdrošināšanas AS Exchange) – Baltikums dzīvība, apdrošināšanas AS – SEB Unifondi, ieguldījumu pārvaldes AS – International Reinsurance Trust – Suprema fondi, ieguldījumu pārvaldes AS. Corporation, AS filiāle

Borderline cases: – Parex atklātais pensiju fonds, AS

Investment management companies which – Riga RE, AS manage IFs and/or state-funded pension scheme assets are included in “Financial auxiliaries”, – RSK, apdrošināšanas AS whereas IFs under their management are classified as “OFIs”, and state-funded pension – SEB Unipensija, atklātais pensiju fonds, scheme assets as “Insurance corporations and AS pension funds”. – Seesam Life Latvia, AS. 3.2 INSURANCE CORPORATIONS AND PENSION FUNDS Borderline cases:

Definition: Financial corporations that are State-funded pension scheme asset managers engaged in financial intermediation as a are themselves included in “Financial consequence of pooling of risks. Insurance auxiliaries”, whereas pension schemes under corporations take on a possible risk of loss of their management are covered here. the insurance taker or the insured, or transfer a possible risk of financial loss to the re-insurer. 3.3 NON-FINANCIAL CORPORATIONS Pension funds insure the social risk of their members by accruing and investing voluntary Definition: All institutional units, the contributions made by members themselves or distributive and financial transactions of which for their benefit to provide such members with are distinct from those of their owners; which extra old age or disability pension capital. are market producers; and the principal activity of which is the production of goods and non- Types of entities belonging to this sub-sector financial services. In the Republic of Latvia, a (illustrative list): natural person registered with the Commercial Register as an individual merchant is also • Life insurance companies classified in the “Non-financial corporations”

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 117 sector. There are both public and private non- – Rīgas Kuģu būvētava, AS financial corporations. – SAF Tehnika, AS Types of entities belonging to this sub-sector (illustrative list): – Saldus Mežrūpniecība, AS

• General partnerships – Tele 2, SIA

• Individual merchants – Valmieras Stikla šķiedra, AS

• Limited liability companies – Ventspils Nafta, AS.

• Limited partnerships Borderline cases:

• Stock companies. Natural persons who engage in commercial activity – that is, the production of goods and Entities belonging to this sub-sector (illustrative non-financial services and are registered with list): the Commercial Register of the Enterprise Register of the Republic of Latvia (individual – AKD Logistik, SIA merchants) – are classified in the “Non- financial corporations” sector. – Cemex, SIA 3.4 HOUSEHOLDS – Cēsu Būvnieks, SIA Definition: Natural persons or groups of natural – Ditton pievadķēžu rūpnīca, AS persons whose principal activity is consumption, as well as self-employed persons who produce – Grindeks, AS goods and services but have not registered their activities with the Commercial Register of the – Latvijas Balzāms, AS Enterprise Register of the Republic of Latvia.

– Latvijas dzelzceļš, valsts AS Types of entities belonging to this sub-sector (illustrative list): – Latvijas Gāze, AS • Doctors, pharmacists and veterinarians who – Latvijas Kuģniecība, AS have established their own private practice

– Latvijas pasts, valsts AS (Latvian Postal • Long-term patients in hospitals, old persons Service) living permanently in retirement homes, prisoners serving long sentences, and – Latvijas Tilti, AS members of religious orders living in monasteries – Liepājas Enerģija, SIA • Natural persons registered as taxpayers for – Liepājas Metalurgs, AS income generated from economic activities

– Lode, SIA • Persons performing individual work

– Olainfarm, AS

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 118 March 2007 LATVIA • Sworn auditors, lawyers, notaries and law 5 ADDITIONAL SOURCES OF INFORMATION enforcement officers. AND CONTACTS FOR INFORMATION

Borderline cases: An exhaustive list of institutions classified in the “Central government”, “Local government”, Natural persons who are engaged in agricultural “Other financial intermediaries”, “Financial production and other individual economic auxiliaries” and “Insurance corporations and activities and are not registered with the pension funds” sectors is available on the Commercial Register of the Republic of Latvia homepage of the Central Statistical Bureau of as individual merchants are classified as Latvia, which is the institution responsible for “Households”. the maintenance of the institutional sector classification system. (Currently, this 3.5 NON-PROFIT INSTITUTIONS SERVING information is only available in Latvian.) HOUSEHOLDS An exhaustive list of entities under the Definition: Institutions that provide goods and supervision of Financial and Capital Market services to natural persons or groups of natural Commission, such as investment management persons and that derive resources mainly from companies (including IFs and/or state-funded voluntary contributions in cash or kind. pension scheme assets under their management), investment brokerage companies, insurance Types of entities belonging to this sub-sector companies and private pension funds, can be (illustrative list): found on the Commission‘s homepage. (This information is available in English.) • Associations of property owners Ms Gunta Andersone • Charity, support and aid organisations Financial Market and Monetary Statistics Division • Churches and religious communities Statistics Department Bank of Latvia • Consumer associations Telephone: + 371 7022 478 E-mail: [email protected] • Political parties

• Private foundations

• Professional or educational associations

• Trade unions.

4 BORDERLINE CASES IN THE DELIMITATION OF THE DOMESTIC AREA

Seasonal workers and people crossing the border every day to work, who live in the Republic of Latvia and work abroad, should be treated as residents, whatever their citizenship.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 119 LITHUANIA

1. INTRODUCTION pension funds), i.e., which are engaged in borrowing, transforming and lending on 1.1. GENERAL REMARKS funds on their own account

The Lithuanian sectoral classification of • “Financial auxiliaries” – entities, which are institutional units is based on full implementation principally engaged in facilitating financial of the ESA 95 principles using the classification intermediation but which are not financial of economic entities as per the legal forms. intermediaries themselves

The domestic non-MFI category consists of • “Insurance corporations and pension funds” two main sectors: “General government” and – entities which are principally engaged in “Other residents”. financial intermediation as the consequence of the pooling of risk. This category The “General government” sector encompasses comprises both life and non-life insurance “Central government” and “Other activities. It does not include pension government”: schemes which are not autonomous pension funds (i.e. ones that have no autonomy of • “Central government” is the government decision and do not keep a complete set of other than local government and social accounts) and are classified as social security funds (“State government” is not security funds applicable). It includes all the administrative departments of the state and other central • “Non-financial corporations” – private and agencies whose competence extends public entities whose principal activity is normally over the whole economic territory, not financial intermediation activities, but except for the administration of social rather the production of goods and non- security funds. Administration of counties financial services with the objective of is an area of activity of the central generating profit government. • “Households” – individuals or groups of • The “Other government” sector is divided individuals acting as: (1) consumers, into: (2) producers of goods and non-financial – “Local government”, which includes services exclusively for their own final those types of public administration consumption and (3) small market whose competence only extends to a producers local part of the economic territory, apart from local agencies of social • “Non-profit institutions serving households” security funds – separate legal institutional units, which – “Social security funds”, which comprises serve particular groups of households, all central and local institutional units whose principal resources are derived, for whose principal activity is to provide instance, from occasional sales, voluntary social benefits, and which fulfil certain contributions, from occasional payments criteria. made by the general government and from property income The “Other residents” sector includes: 1.2. KEY WORDS FOR SECTORISATION • “Other financial intermediaries” - private and public entities, which are principally AB (abbreviation of akcinė bendrovė, a public engaged in financial intermediation (except limited liability company) => See for MFIs, insurance corporations and “Other financial intermediaries”, “Financial

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 120 March 2007 LITHUANIA auxiliaries”, “Insurance corporations and liability insurance brokerage company) => See pension funds”, “Non-financial corporations” “Financial auxiliaries”

ADBB (abbreviation of akcinė draudimo VĮ (abbreviation of valstybės įmonė, a state brokerių bendrovė, a public limited liability (owned) enterprise) => Entities under this legal insurance brokerage company) => See form could be included in any sector except “Financial auxiliaries” “Households” and “Non-profit institutions serving households” FMĮ (abbreviation of finansų maklerio įmonė, a financial brokerage firm) => See “Other VšĮ (abbreviation of viešoji įstaiga, a public financial intermediaries” and “Financial establishment) => Entities under this legal auxiliaries” form could be included in any sector except “Households”. IĮ (abbreviation of individuali įmonė, an individual enterprise (sole proprietorship)) => See “Households” 2. CLASSIFICATION OF ENTITIES BELONGING TO THE “GENERAL GOVERNMENT” SECTOR KŪB (abbreviation of komanditinė ūkinė bendrija, a limited partnership) => See “Non- 2.1. CENTRAL GOVERNMENT financial corporations” Definition: All administrative departments of SĮ (abbreviation of savivaldybės įmonė, a the state and other central agencies whose municipal enterprise) => Entities under this competence normally extends over the whole legal form could be included in any sector economic territory, except for the administration except “Households” and “Non-profit of social security funds. institutions serving households” Types of entities and entities belonging to this SPAB (abbreviation of specialios paskirties sub-sector (illustrative list): akcinė bendrovė, a special purpose public limited liability company) => See “Non- • State [owned] enterprises, which are other financial corporations” non-market producers: – Valstybės įmonė „VILNIAUS REGIONO SPUAB (abbreviation of specialios paskirties KELIAI“ uždara akcinė bendrovė, a special purpose – Valstybės įmonė „Automagistralė“ private limited liability company) => See – Valstybės įmonė „Kauno regiono “Non-financial corporations” keliai“ – Valstybės įmonė „KLAIPĖDOS TŪB (abbreviation of tikroji ūkinė bendrija, a REGIONO KELIAI“ general partnership) => See “Households” – Valstybės įmonė „Šiaulių regiono keliai“ UAB (abbreviation of uždaroji akcinė bendrovė, – Valstybės įmonė „Marijampolės regiono a private limited liability company) => See keliai“ “Non-financial corporations”, “Other financial – Valstybės įmonė „Alytaus regiono intermediaries”, “Financial auxiliaries”, keliai“ “Insurance corporations and pension funds” – Valstybės įmonė „PANEVĖŽIO REGIONO KELIAI“ UADBB (abbreviation of uždaroji akcinė – Valstybės įmonė „Tauragės regiono draudimo brokerių bendrovė, a private limited keliai“

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 121 – Valstybės įmonė „Telšių regiono keliai“ Types of entities belonging to this sub-sector – Valstybės įmonė „Utenos regiono (illustrative list): keliai“ • Municipal enterprises which are other • Public establishments which are non-market non-market producers producers and are controlled and mainly financed by the central government: • Public establishments which are other – Public hospitals and other treatment non-market producers and are controlled institutions and mainly financed by the municipalities – Consultation offices and information centres • Municipal budgetary institutions, – Innovation, development and training administrative departments and agencies centres and agencies Entities belonging to this sub-sector (illustrative • Budgetary institutions, administrative list): departments of the State and central agencies: • Fire services – Constitutional bodies – Ministries • Schools and kindergartens – Entities subject to the supervision of a ministry (departments and committees) • Municipal hospitals and other treatment – Public universities, academies and entities: various further public educational institutions – Viešoji įstaiga Šiaulių reabilitacijos – Fire services centras – Theatres – Museums – Viešoji įstaiga „Šakių ligoninė” – Public libraries – Police commissioners • Social service entities – National defence institutions – Legal system institutions. • Theatres

Borderline cases: • Museums

AKCINĖ BENDROVĖ TURTO BANKAS and • Libraries Valstybės įmonė Valstybės turto fondas should be classified within the “Central government” sub-sector. 2.4. SOCIAL SECURITY FUNDS

2.2. STATE GOVERNMENT Definition: All central and local institutional units whose principal activity is to provide Not applicable. social benefits and which fulfil both of the two following criteria: 2.3. LOCAL GOVERNMENT – Certain groups of the population are obliged Definition: Those types of public administration by law or by regulation to participate in the whose competence only extends to a local part scheme or to pay contributions of the economic territory, apart from local social security fund agencies.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 122 March 2007 LITHUANIA – The general government is responsible for – Parex Baltijos jūros valstybių investicinis managing the institution in respect of the akcijų fondas settlement or approval of the contributions and benefits, independently of its role as a – JT Baltijos akcijų fondas I supervisory body or employer. – JT Baltijos akcijų fondas II Entities belonging to this sub-sector (exhaustive list): – Finasta Naujosios Europos fondas

The State Social Insurance Fund Board under – SEB NVS akcijų fondas the Ministry of Social Security and Labour (Valstybinio socialinio draudimo fondo valdyba – SEB NVS obligacijų fondas prie Socialinės apsaugos ir darbo ministerijos) and branches thereof, the State Patient Fund – SEB Pasaulio rinkų fondų fondas under the Ministry of Health (Valstybinė ligonių kasa prie Sveikatos apsaugos ministerijos) and – HBS fondas I territorial patient funds. – HBS fondas II

3 CLASSIFICATION OF ENTITIES BELONGING – HBS fondas III TO THE “OTHER RESIDENTS” SECTOR – JT Baltijos fondų fondas I 3.1. OTHER FINANCIAL INTERMEDIARIES (OFIS) – DnB NORD obligacijų fondas Definition: All financial corporations and quasi-corporations which are principally – Prudentis Baltic Fund engaged in financial intermediation by incurring liabilities in forms other than currency, deposits – SEB akcijų fondų fondas and/or close substitutes for deposits from institutional units other than MFIs, or insurance – Finasta Rusijos fondas technical reserves. – Victoire Global Equity Fund Types of entities and entities belonging to this sub-sector (illustrative list): – Ūkio banko obligacijų fondas

Collective investment undertakings other than – DnB NORD akcijų fondų fondas MMFs: – SNORO pasaulio akcijų fondų fondas – Finasta obligacijų fondas – SNORO subalansuotas fondų fondas – Finasta Centrinės ir Rytų Europos fondas • Financial corporations engaged in lending: – Investicinė kintamojo kapitalo bendrovė – Uždaroji akcinė bendrovė „Nordea „NSEL 30 INDEKSO FONDAS“ Finance Lithuania“ – UAB DnB NORD lizingas – ZPR Amerikos mažos kapitalizacijos – UAB „Hansa lizingas” bendrovių akcijų atviras investicinis – UAB „PAREX faktoringas ir lizingas” fondas – UAB SAMPO BANKO LIZINGAS – UAB „SEB VB lizingas”

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 123 – UAB „Šiaulių banko lizingas” – FM UAB G. Steponkaus kontora – Uždaroji akcinė bendrovė „MEDICINOS BANKO LIZINGAS” – Uždaroji akcinė bendrovė finansų maklerio – Uždaroji akcinė bendrovė „PAREX įmonė „Jūsų tarpininkas” LIZINGAS” – Uždaroji akcinė bendrovė „SNORO – UŽDAROJI AKCINĖ BENDROVĖ LIZINGAS” FINANSŲ MAKLERIO ĮMONĖ – Uždaroji akcinė bendrovė Ūkio banko „KAPITALO SRAUTAI” lizingas – UAB „LATEKO LIZINGAS” – UAB „SEB Enskilda” – UAB „AmCredit“ – Uždaroji akcinė bendrovė finansų maklerio Securities and derivatives dealers (financial įmonė „SG Finansai” brokerage firms which are licensed to “A” category by the Lithuanian Securities – Finansų maklerio įmonė uždaroji akcinė Commission): bendrovė „SUPREMA”

– Akcinė bendrovė finansų maklerio įmonė – Uždaroji akcinė bendrovė finansų maklerio „Finasta” įmonė „VIVUM”

– Uždaroji akcinė bendrovė finansų maklerio – UAB FMĮ Žabolis ir partneriai. įmonė „Finbaltus” Management companies which are licensed by • Venture and development capital Lithuanian Securities Commission: companies: – UAB „SEB VB RIZIKOS KAPITALO – UAB „Prudentis“” VALDYMAS” – UAB „ŠIAULIŲ BANKO INVESTICIJŲ – UAB „SINDICATUM CAPITAL VALDYMAS” INTERNATIONAL”

3.1.1. FINANCIAL AUXILIARIES – Uždaroji akcinė bendrovė „SNORO fondų Definition: All financial corporations and valdymas” quasi-corporations which are principally engaged in auxiliary financial activities, that is – UAB „Ūkio banko investicijų valdymas” to say activities closely related to financial intermediation but which are not defined as – UAB „Finasta investicijų valdymas“ financial intermediation themselves. – Uždaroji akcinė bendrovė „Hansa investicijų Types of entities and entities belonging to this valdymas” sub-sector (illustrative list): – Uždaroji akcinė bendrovė „JT investicijų Financial brokerage firms which are licensed valdymas“ to “B” or “C” category by the Lithuanian Securities Commission: – Uždaroji akcinė bendrovė „Medicinos banko investicijų valdymas“ – UAB FMĮ „Orion securities“ – UAB DnB NORD investicijų valdymas – Uždaroji akcinė bendrovė finansų maklerio įmonė „FINVESTA”

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 124 March 2007 LITHUANIA – Uždaroji akcinė bendrovė „Parex investicijų – Lietuvos finansų maklerių asociacija valdymas“ (Lithuanian Dealers and Brokers Association) – UAB „SEB VB INVESTICIJŲ VALDYMAS“ • Supervisory authorities and corporations providing infrastructure for financial – Uždaroji akcinė bendrovė investicinių markets: bendrovių valdymo įmonė „INVESTICIJŲ – Lietuvos Respublikos vertybinių PORTFELIŲ VALDYMAS“ popierių komisija (Lithuanian Securities Commission) – UAB SAMPO pensijų fondų valdymas – Lietuvos Respublikos draudimo priežiūros komisija (Insurance • Insurance agents undertakings Supervisory Commission of the Republic of Lithuania) • Licensed insurance brokerage companies – Akcinė bendrovė „LIETUVOS CENTRINIS VERTYBINIŲ POPIERIŲ • Corporations, the principal function of DEPOZITORIUMAS” which is to grant guarantees: – Akcinė bendrovė „Vilniaus vertybinių – UŽDAROJI AKCINĖ BENDROVĖ popierių birža“ „INVESTICIJŲ IR VERSLO GARANTIJOS” • Other: – Uždaroji akcinė bendrovė „ŽEMĖS – Valstybės įmonė “Indėlių ir investicijų ŪKIO PASKOLŲ GARANTIJŲ draudimas” FONDAS” – Viešoji įstaiga „LIETUVOS APLINKOS 3.2. INSURANCE CORPORATIONS AND PENSION APSAUGOS INVESTICIJŲ FONDAS” FUNDS

• Associations serving financial Definition: All financial corporations and corporations: quasi-corporations which are principally – Investicijų valdymo įmonių asociacija engaged in financial intermediation as the (Association of Investment Management consequence of the pooling of risks. Companies) – LIETUVOS BANKŲ ASOCIACIJA Types of entities and entities belonging to this (Association of Lithuanian Banks) sub-sector (illustrative list): – LIETUVOS GYVYBĖS DRAUDIMO ĮMONIŲ ASOCIACIJA (Association of • Insurance corporations, which are licensed Lithuanian Life Insurance Brokers) by the Insurance Supervisory Commission – LIETUVOS DRAUDIMO BROKERIŲ of the Republic of Lithuania, including ASOCIACIJA (Association of Lithuanian those institutions specialising in Insurance Brokers) reinsurance: – LIETUVOS LIZINGO ASOCIACIJA – Gyvybės draudimo UAB „BONUM (Lithuanian Leasing Association) PUBLICUM” – Lietuvos draudikų asociacija (Lithuanian – UAB „COMMERCIAL UNION Insurers Association) LIETUVA GYVYBĖS DRAUDIMAS” – Asociacija Lietuvos kredito unijos – UAB „ERGO LIETUVA GYVYBĖS (Association of Lithuanian Credit DRAUDIMAS” Unions) – Uždaroji akcinė bendrovė „Hansa gyvybės draudimas”

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 125 – UAB „PZU LIETUVA GYVYBĖS 3.3. NON-FINANCIAL CORPORATIONS DRAUDIMAS” – UAB „SEB VB gyvybės draudimas” Definition: Institutional units whose distributive – AB „SEESAM LIETUVA GYVYBĖS and financial transactions are distinct from DRAUDIMAS” those of their owners and which are market – Uždaroji akcinė bendrovė draudimo producers, whose principal activity is the kompanija BALTIC POLIS production of goods and non-financial – Draudimo uždaroji akcinė bendrovė services. „Baltijos garantas” – Uždaroji akcinė draudimo bendrovė Types of entities and entities belonging to this „BALTIKUMS DRAUDIMAS” sector (illustrative list): – UAB „BTA DRAUDIMAS” – UAB „Būsto paskolų draudimas” • Public limited liability companies whose – UAB „DRAUDIMO KOMPANIJA principal activity is the production of goods NERIS” and non-financial services: – Uždaroji akcinė draudimo bendrovė – Akcinė bendrovė „MAŽEIKIŲ „ERGO Lietuva” NAFTA” – UAB „If draudimas” – Akcinė bendrovė „Lietuvos – Uždaroji akcinė draudimo bendrovė geležinkeliai” „INDUSTRIJOS GARANTAS” – Akcinė bendrovė „LIETUVOS – Uždaroji akcinė bendrovė draudimo ENERGIJA” kompanija „LAMANTINAS” – Akcinė bendrovė Rytų skirstomieji – UŽDAROJI AKCINĖ DRAUDIMO tinklai BENDROVĖ „LEGELA” – Akcinė bendrovė „VST” – Akcinė bendrovė „Lietuvos draudimas” – TEO LT, AB – Uždaroji akcinė bendrovė draudimo – Akcinė bendrovė „Achema” kompanija „PZU Lietuva” – Akcinė bendrovė „LIFOSA” – Akcinė draudimo bendrovė „RESO – Akcinė bendrovė „LIETUVOS DUJOS” Europa” – Akcinė bendrovė „ROKIŠKIO SŪRIS” – Uždaroji akcinė draudimo bendrovė – Akcinė bendrovė „ŽEMAITIJOS „SEESAM LIETUVA” PIENAS” – Akcinė bendrovė „Kauno tiekimas” • Autonomous pension funds, which are – Akcinė bendrovė „Snaigė” managed by management companies – Akcinė bendrovė „KRAFT FOODS licensed by the Lithuanian Securities LIETUVA” Commission or managed by life assurance companies, which are licensed by the • Private limited liability companies whose Insurance Supervisory Commission of the principal activity is the production of goods Republic of Lithuania: and non-financial services: – Finasta akcijų pensija plius – MAXIMA LT, UAB – Hansa Pensija 1 – Uždaroji akcinė bendrovė „LUKOIL – NORD/LB 3 BALTIJA” – NORD/LB papildoma pensija – Uždaroji akcinė bendrovė „PALINK” – Ergo konservatyvusis – Bendra Lietuvos – JAV įmonė uždaroji – Ergo balans akcinė bendrovė „SANITEX” – Europensija Plius – Uždaroji akcinė bendrovė „Senukų – PZU Lietuva subalansuotas 1 prekybos centras” – Uždaroji akcinė bendrovė „OMNITEL”

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 126 March 2007 LITHUANIA – Uždaroji akcinė bendrovė „NORFOS • Branches of foreign enterprises without MAŽMENA” independent legal status whose principal – UAB „LIETUVA STATOIL” activity is the production of goods and non- – UAB „VILNIAUS ENERGIJA” financial services – Uždaroji akcinė bendrovė „RIMI LIETUVA” 3.4. HOUSEHOLDS – Uždaroji akcinė bendrovė „MINERALINIAI VANDENYS” Definition: Individuals or groups of individuals – Uždaroji akcinė bendrovė „GNT acting as consumers, producers of goods, and LIETUVA” non-financial services exclusively for their own final consumption, and small market • State (-owned) enterprises and municipal producers. enterprises, which are market producers and whose principal activity is the production of Types of entities belonging to this sector goods and non-financial services: (illustrative list): – Valstybės įmonė „Ignalinos atominė elektrinė” • Legal persons: – Valstybės įmonė „ORO NAVIGACIJA” – General partnerships – Individual enterprises • Public establishments, which are market – Foster families producers and whose principal activity is the production of goods and non-financial • Natural persons and groups of natural services persons as consumers and producers (farmers, businessmen working with • Special purpose private limited liability business certificate, etc.). companies and special purpose public limited liability companies whose principal 3.5. NON-PROFIT INSTITUTIONS SERVING activity is the production of goods and non- HOUSEHOLDS financial services Definition: Non-profit institutions which are • Limited partnerships whose principal separate legal entities, which serve households, activity is the production of goods and non- and which are private other non-market financial services producers. Their principal resources, apart from those derived from occasional sales, are • Permanent arbitration institutions serving derived from voluntary contributions in cash or non-financial corporations in kind from households in their capacity as consumers, from payments made by general • Agricultural companies governments, and from property income.

• Associations, which are market producers Types of entities belonging to this sector established by legal persons and whose (illustrative list): principal activity is to provide non-financial services • Trade unions

• Cooperative companies and associations of • Horticulturists’ associations cooperative companies whose principal activity is the production of goods and non- • Garage construction and usage societies financial services • Residential house construction societies

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 127 • Multiapartment house owners’ societies

• Public establishments which are private other non-market producers

• Public organisations

• Associations which are other non-market producers

• Union of Riflemen

• Charity and support organisations and funds,

• Political parties and organisations

• Religius societies, communities and centres

• Traditional religius communities / societies

4. BORDERLINE CASES IN THE DELIMITATION OF THE DOMESTIC AREA

Not applicable.

5. ADDITIONAL SOURCES OF INFORMATION AND CONTACT PERSONS

Contact persons:

Money and Banking Statistics Division Bank of Lithuania Totorių g. 4, LT-01121 Vilnius Telephone: +370 – 5 268 01 17 Fax: +370 – 5 268 01 44 E-mail: [email protected]

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 128 March 2007 LUXEMBOURG LUXEMBOURG 1 INTRODUCTION 2 CLASSIFICATION OF ENTITIES BELONGING TO THE “GENERAL GOVERNMENT” SECTOR 1.1 GENERAL REMARKS 2.1 CENTRAL GOVERNMENT The sectoral classification of non-MFIs developed for the purpose of collecting money Definition: All state administrative departments and banking statistics refers to two broad and other central agencies, the competence of sectors: “General government” and “Other which normally extends over the entire residents”. economic territory, with the exception of the administration of social security funds. The “General government” sector comprises the central and local authorities, as well as the Types of entities belonging to this sub-sector social security funds. (illustrative list):1

“Other residents” is divided into the – Administration de l’environnement following: – Armée • “Other financial Intermediaries” – Chambre des Députés • “Financial auxiliaries” (although identified separately in national and financial accounts; – Cours de comptes they are reported together with OFIs for euro area money and banking statistics – Ministère des Finances. purposes) 2.2 STATE GOVERNMENT • “Insurance corporations and pension funds” Not applicable.

• “Non-financial corporations” 2.3 LOCAL GOVERNMENT

• “Households” Definition: All public administrations, the competence of which only extends across part • Non-profit institutions serving of the economic territory, with the exception households”. of the local agencies responsible for social security funds.

1.2 KEY WORDS FOR SECTORISATION Types of entities belonging to this sub-sector (illustrative list): Ministère see “Central government” • Communes Assurances see “Insurance corporations and pension funds”. • Syndicats intercommunaux.

1 There is no official list of entities belonging to the “General government” sector.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 129 2.4 SOCIAL SECURITY FUNDS – Lux-Euro-Stocks 1 Cap – Lux-Portfolio Dynamic Cap SICAV Definition: All central and local institutional units, the principal purpose of which is to • Undertakings for collective investment provide social benefits and which fulfil both of (UCIs) pursuing alternative investment the following criteria: strategies according to Circular CSSF 02/80 (illustrative list): 1. Certain population groups are obliged by – Alternative Strategy law or by regulation to participate in the – Arcus Japan Long/Short Fund. scheme or to pay contributions; • Companies investing in risk capital 2. The general government is responsible for (SICAR2); law of 15 June 2004 (illustrative managing the institution in respect of the list): settlement or approval of the contributions – Adara Ventures SICAR and benefits, independently of its role as a – Private Equity Global Select II, SICAR supervisory body or employer. S.C.A.

Types of entities belonging to this sub-sector • Securitisation vehicles, Article 21(1) of the (illustrative list): law of 22 March 2004 (illustrative list): – Artus Finance S.A. • Health insurance providers. – DWS Go S.A.

• Securities and derivatives dealers: this 3 CLASSIFICATION OF ENTITIES BELONGING category comprises currently private TO THE “OTHER RESIDENTS” SECTOR portfolio managers, professionals acting for their own account, underwriters and market 3.1 OTHER FINANCIAL INTERMEDIARIES (OFIs) makers (illustrative list): – Capital @ Work International S.A. Definition: The “Other financial intermediaries – Sogen Finance Luxembourg S.A. except insurance corporations and pension funds” (S.123) sub-sector consists of all • Financial holding corporations (ESA 95) financial corporations and quasi-corporations (illustrative list): which are principally engaged in financial – Vodafone Investment Luxembourg, intermediation by incurring liabilities in forms S.à.r.l. other than currency, deposits and/or close – Smithkline Beecham International substitutes for deposits from institutional units (Luxembourg), S.à.r.l. other than MFIs, or insurance technical reserves. Although identified separately in • Other OFIs (illustrative list): national and financial accounts, financial – ABN Amro Trust Company (Luxembourg) auxiliaries are covered here in euro area money SA and banking statistics (see sub-section 3.1.1). – Creditlease SA – KBLUX-Lease SA Types of entities and actual entities belonging – KTL, Kredietrust Luxembourg SA. to this sub-sector (illustrative list):

• Collective investment institutions (other than MFIs) – Global Bond Fund – Fortis L Fund – Best Selection Europe 2 Sociétés d’investissement en capital à risque.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 130 March 2007 LUXEMBOURG 3.1.1 FINANCIAL AUXILIARIES Types of entities belonging to this sub-sector Definition: All financial corporations and (illustrative list): quasi-corporations which are principally engaged in auxiliary financial activities, – AXA Assurances Luxembourg i.e. activities closely related to financial intermediation, but which are not themselves – Foyer Assurances, Le Foyer Assurances, defined as financial intermediation. Compagnie Luxembourgeoise SA

Entities belonging to this sub-sector (illustrative – Winterthur Europe Assurances SA. list): • Pension savings companies with variable – Société de la Bourse de Luxembourg S.A. capital (SEPCAV) and pension savings associations (ASSEP) (illustrative list): – Clearstream Services SA – Fortis Lux Prime Pension A Sepcav – Dexia Pension Fund. • Management companies whose authorisation exclusively covers the activity of collective 3.3 NON-FINANCIAL CORPORATIONS management according to Article 77(2) of the Law of 20 December 2002 concerning Definition: Institutional units, the distributive UCIs (illustrative list): and financial transactions of which are distinct – ABN Amro Investment Funds S.A. from those of their owners; which are market – Callander Managers S.A. producers; and the principal activity of which is the production of goods and non-financial • Management companies whose authorisation services. covers, in addition to the activity of collective management according to Types of entities belonging to this sub-sector Article 77(2), also one or several services (illustrative list): provided for by Article 77(3) of the law of 20 December 2002 concerning UCIs • Agricultural companies (illustrative list): – Dexia Asset Management Luxembourg • Construction companies S.A. – Union Investment Luxembourg S.A. • Consultants

• Professionals approved to act as liability • Energy managers for pension funds subject to the law of 13 July 2005 (illustrative list): • Health – Bâloise Vie Luxembourg S.A. – Fortis Luxembourg-Vie S.A. • Hotels and restaurants

3.2 INSURANCE CORPORATIONS AND PENSION • Manufacturers FUNDS • Post and telecommunication companies Definition: All financial corporations which are principally engaged in financial • Transportation companies intermediation as a consequence of the pooling of risks. • Wholesalers.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 131 Entities belonging to this sub-sector (illustrative Entities belonging to this sub-sector (illustrative list): list):

– Cargolux Airlines International SA – Caritas-Jeunes et Familles, a.s.b.l

– Cegedel, Compagnie Grand-Ducale – Labour unions d’Electricité du Luxembourg SA (Cegedel S.A.) – Political parties

– Luxair SA, Lux. de Navigation Aeriénne – UCL, Union Luxembourgeoise des Consommateurs-nouvelle, a.s.b.l. – Utopia SA.

3.4 HOUSEHOLDS 4 BORDERLINE CASES IN THE DELIMITATION OF THE DOMESTIC AREA Definition: Individuals or groups of individuals, both consumers and (possibly) entrepreneurs, International organisations, including their producing market goods and offering non- branches and representatives in Luxembourg, financial and financial services (market are treated as non-residents (e.g. NAMSA (the producers), provided that in the latter case, the NATO Maintenance and Supply Agency), corresponding activities are not those of the European Commission, the European separate entities treated as quasi-corporations. Parliament, the European Court of Auditors). “Households” also covers individuals or groups of individuals who produce goods and offer Seasonal workers and people crossing the non-financial services exclusively for their border daily to work in Luxembourg are treated own ultimate use. as non-residents. People who live in Luxembourg and cross the border every day to Types of entities belonging to this sub-sector work abroad are treated as residents. (illustrative list):

• Individuals (natural persons). 5 ADDITIONAL SOURCES OF INFORMATION AND CONTACT PERSON 3.5 NON-PROFIT INSTITUTIONS SERVING HOUSEHOLDS Contact person:

Definition: Non-profit institutions which are Volkert Behr separate legal entities, which serve households Banque centrale du Luxembourg and which are classified among the other Tel.: +352 47 74 43 55 private non-market producers. Their principal Fax: +352 47 74 49 20 resources, apart from those derived from occasional sales, stem from voluntary contributions in cash or in kind from households in their capacity as consumers, from payments made by general governments, and from property income.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 132 March 2007 HUNGARY HUNGARY 1 INTRODUCTION 2 CLASSIFICATION OF ENTITIES BELONGING TO THE “GENERAL GOVERNMENT” SECTOR 1.1 GENERAL REMARKS 2.1 CENTRAL GOVERNMENT The sectors and sub-sectors are consistent with the international statistical recommendations Definition: The central government comprises (SNA 93, ESA 95). The domestic non-monetary the units of central government: the central sectors in Hungary are part of the two broad government budget (also called the Hungarian sectors: “General government” and “Other state budget) and other institutions classified residents”. as part of the central government, such as ministries. “General government” includes the following sectors: Other institutions include:

• “Central government” – MÁK Rt. (Hungarian State Treasury, and its institutions) • “Local governments” – Extra-budgetary (government) funds • “Social security funds”. – ÁPV Rt. (State Privatisation and Asset “Other residents” consist of the following Management Company) sectors: – ÁKK Rt. (Government Debt Management • “Other financial corporations” (comprising Centre) “Other financial intermediaries”, “Financial auxiliaries” and “Insurance corporations – Nemzeti Autópálya Rt. (National Motorway and pension funds”) Company)

• “Non-financial corporations” – Állami Autópálya Kezelő Rt. (State Motorway Management Company) • “Households” – CASA Vagyonkezelő Kft. (CASA Asset • “Non-profit institutions serving Management Company) households”. – SZÖVÜR Szövetkezeti Üzletrészhasznosító 1.2 KEY WORDS FOR SECTORISATION Kft. (SZÖVÜR Cooperative Stake Utilisation Llc.) All economic units with the suffix “Nyrt.”, “Zrt.” (replacing the former “Rt.”), “Kft.”, – Magyar Televízió Rt. (Hungarian “Pjt.”, “Bt.”, “Kkt.” are part of the non-financial Television) corporations sector, except for those listed under sub-section 2.1 as belonging to “Central – Duna TV Rt. (Duna Television) government”, or those in the list of financial corporations (see the home page of Magyar – Magyar Rádió Rt. (Hungarian Radio) Nemzeti Bank at – Magyar Távirati Iroda Rt. (Hungarian News http://www.mnb.hu/Resource.aspx?Resource Agency) ID=mnbfile&resourcename=penzugyi_hu – Magyar Turizmus Rt. (Tourism Hungary)

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classifcation of customers March 2007 133 – Rendezvénycsarnok Ingatlanfejlesztő és Included in this sub-sector are: Kezelő Rt., (“Rendezvénycsarnok” Real Estate Development and Management – Finance companies (financial leasing Company). companies and other financial enterprises)

Also included in this sub-sector are non-profit – Investment funds (excluding MMFs) institutions that are financed and controlled primarily by the central government. – Investment pools

2.2 STATE GOVERNMENT – Venture capital firms

Not applicable. – Securities dealers (also called investment enterprises). 2.3 LOCAL GOVERNMENT 3.2 FINANCIAL AUXILIARIES Definition: “Local government” includes public administration institutions at the county and Definition: This sub-sector consists of institutions settlement levels, institutions under their whose primary business is to provide auxiliary control, as well as self-government bodies of financial services which are closely related to some ethnic minorities and their institutions. Also kind of financial intermediation. As the institutional included in this sub-sector are non-profit units comprising this sub-sector do not collect institutions that are primarily financed and significant amounts of funds, their typical activity controlled by local government. is to bring together lenders and borrowers in a way that does not substantially affect their balance 2.4 SOCIAL SECURITY FUNDS sheets. This sub-sector also includes financial institutions whose primary business is to ensure the Definition: This sub-sector comprises the safe operation of financial intermediaries. National Pension Insurance Fund, the National Health Insurance Fund, and institutions under This sub-sector includes: their control. – Securities brokers as well as public exchanges 3 CLASSIFICATION OF ENTITIES BELONGING TO THE “OTHER RESIDENTS” SECTOR – Deposit insurance funds

3.1 OTHER FINANCIAL INTERMEDIARIES (OFIs) – Investor protection funds and other auxiliaries Definition: This sub-sector encompasses financial intermediaries – except insurance – Non-profit institutions whose activities are companies and pension funds – that do not closely related to the financial sector. accept deposits, but whose primary business is to raise funds from the public or a limited 3.3 INSURANCE CORPORATIONS AND PENSION number of economic agents for the purpose of FUNDS acquiring assets in the money and capital markets. Definition: This sub-sector includes insurance companies, insurance associations, private pension funds, voluntary pensions, health funds and voluntary savings associations.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classifcation of customers 134 March 2007 HUNGARY 3.4 NON-FINANCIAL CORPORATIONS Such institutions may include:

Definition: The “Non-financial corporations” – Trade unions sector includes corporations whose primary business is to produce goods and non-financial – Trade associations services for the market. – Political parties The following corporations are included in the sector according to the form of enterprise, – Churches and other clerical institutions excluding financial service providers: – Societies and most foundations. – Incorporated enterprises (societies, joint ventures, limited liability companies, joint stock companies), excluding the cases 4 BORDERLINE CASES IN THE DELIMITATION explained under sub-section 1.2 OF THE DOMESTIC AREA

– Cooperatives (excluding cooperative credit Not applicable. institutions)

– Other incorporated enterprises 5 ADDITIONAL SOURCES OF INFORMATION AND CONTACT PERSONS – Unincorporated enterprises (general partnership companies, limited partnership Additional sources of information: companies, housing associations, etc.) Additional information on sector classification – Non-profit institutions serving and financed can be found in the “Financial Accounts of by non-financial corporations. Hungary 2005” manual, which is available at: http://english.mnb.hu/Resource.aspx?Resource 3.5 HOUSEHOLDS ID=mnbfile&resourcename=pszlakonyv_en

Definition: The “Households” sector comprises Contact persons: individuals who primarily behave as final consumers of goods and services and as Sectorisation, financial accounts: members of the labour force. The “Households” Mr Gábor Huszár sector also includes sole proprietors, for their Statistics business activity often cannot be differentiated Magyar Nemzeti Bank from their role as private individuals. 1054 Szabadság tér 8/9. Budapest, Hungary 3.6 NON-PROFIT INSTITUTIONS SERVING Tel.: +36 1 4282600 Ext. 1872 HOUSEHOLDS Fax: +36 1 4282540 E-mail: [email protected] Definition: Non-profit institutions serving households include non-profit institutions that raise funds from households, as well as those that are not controlled by the state or businesses.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classifcation of customers March 2007 135 Monetary statistics: Ms Gabriella Rusznák Statistics Magyar Nemzeti Bank 1054 Szabadság tér 8/9. Budapest, Hungary Tel.: +36 1 4282600 Ext. 1716 Fax: +36 1 4282540 E-mail: [email protected]

General information: E-mail: [email protected]

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classifcation of customers 136 March 2007 MALTA MALTA 1 INTRODUCTION 2.1 CENTRAL GOVERNMENT

1.1 GENERAL REMARKS “Central government” includes:

Non-MFIs operating in Malta can generally be a) All administrative departments of the state split into two main categories: and other central agencies whose competence extends over the whole economic territory. 1. General government This sector thus includes departments, ministries and governmental offices located 2. Other sectors. in the country, as well as embassies, consulates, military establishments and • General government other governmental institutions located outside the country. “General government” consists of all institutional units principally engaged in the b) The extra-budgetary units (also termed production of non-market goods and services public non-market units), which comprise intended for individual and collective institutional units under public control that consumption and/or in the redistribution of are principally engaged in the production of national income and wealth. In Malta, the goods and services not usually sold on a “General government” is further split into two market and/or involved in the redistribution levels, the “Central government” and the “Local of national income and wealth. These units/ government” sectors. The “Social security entities do not charge “economically funds” sector is not applicable in Malta. significant” prices and/or did not cover at least 50% of their production costs in sales • Other sectors over the last few years.

These comprise the remaining institutional Entities belonging to this sub-sector (illustrative units apart from MFIs and the general list): government. They are subdivided into the following: – Appogg (Social Welfare Development Programme) – Insurance companies and pension funds – Bord tal-Koperattivi (Cooperatives Board) – Other financial institutions and financial auxiliaries (OFIs), except insurance – Broadcasting Authority companies and pension funds – Employment and Training Corporation – Non-financial companies – Environment Protection Fund – Households and non-profit institutions. – Foundation for Educational Services

2 CLASSIFICATION OF ENTITIES BELONGING – Foundation for Medical Sciences and TO THE ‘GENERAL GOVERNMENT’ SECTOR Services

The “General government” sector in Malta is – Foundation for Tomorrows Schools made up of two sub-sectors: “Central government” and “Local government”. – Fundazzjoni Patrimonju Malti

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 137 – Gozo Ferries Co. Ltd – Mater Dei Hospital

– Heritage Malta – Medicinal Products Regulatory Authority (Medicines Authority) – Housing Authority – Mount Carmel Hospital – Industrial Projects and Services Ltd – National Audit Office – International Institute on Ageing – National Commission for Disabled Persons – Lotteries and Gaming Authority – National Orchestra – Malta College of Arts, Science and Technology (MCAST) – Occupational Health and Safety Authority

– Malta Communications Authority – Office of the Ombudsman

– Malta Council for Culture and the Arts – Sapport

– Malta Council for Economic and Social – Sedqa – Agency against Drug and Alcohol Development (MCESD) Abuse

– Malta Council for Science and Technology – St James Cavalier Creativity Centre

– Malta Enterprise Corporation – Superintendence of Cultural Heritage

– Malta Environment and Planning Authority – University of Malta (MEPA) – Wasteserv Malta Ltd – Malta Government Investments Ltd – Zammit Clapp Hospital. – Malta National Laboratory 2.2 LOCAL GOVERNMENT – Malta Resources Authority “Local government” includes administrative – Malta Society of Arts, Manufactures and departments, councils or agencies whose Commerce competence only covers a restricted part of the economic territory of a country. – Malta Sports Council In the case of Malta, these relate to the local – Malta Standards Authority councils.

– Malta Statistics Authority

– Malta Tourism Authority

– Malta Transport Authority

– Manoel Theatre Management Committee

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 138 March 2007 MALTA 3 CLASSIFICATIONS OF ENTITIES BELONGING 3.2 OTHER FINANCIAL INTERMEDIARIES (OFIS) TO THE “OTHER SECTORS” SECTOR AND FINANCIAL AUXILIARIES (EXCEPT INSURANCE COMPANIES AND PENSION 3.1 INSURANCE COMPANIES AND PENSION FUNDS) FUNDS 3.2.1 THE “OTHER FINANCIAL INTERMEDIARIES” Insurance companies and pension funds consist SECTOR INCLUDES ENTITIES WHICH ARE of non-MFIs that are principally engaged in PRINCIPALLY ENGAGED IN FINANCIAL financial intermediation as the consequence of INTERMEDIATION BY INCURRING LIABILITIES IN the pooling of risks. FORMS OTHER THAN CURRENCY, DEPOSITS AND/ OR CLOSE SUBSTITUTES FOR DEPOSITS FROM The “Insurance companies” sub-sector consists INSTITUTIONAL UNITS OTHER THAN MFIs. of all financial corporations and quasi- corporations that are principally engaged in In Malta this sector is further split into: financial intermediation as the consequence of the pooling of risks. These companies are • Financial corporations engaged in lending licensed by the Malta Financial Services – these entities are specialised in lending Authority (MFSA) under the Insurance Business activities such as financial leasing, factoring, Act of 1998. mortgage lending, mutual guarantee and consumer lending. Pension funds included in this sector are those that are constituted as separate from the units Entities included in this sub-sector: that created them. They are established for the purpose of providing retirement benefits for – Britannia Financial Services Ltd specific groups of employees. Currently there are no license holders under this category. – LB Factors Ltd However, pension funds established in Malta have to be licensed by the MFSA under the – Northway Financial Corporation Special Funds Regulation Act of 2006. • Collective investment schemes (CISs) – Entities belonging to this sub-sector (illustrative these are collective investment undertakings list): which raise capital from the public, the units of which are, at the request of the a.) Insurance companies holders, repurchased or redeemed directly – Atlas Insurance Ltd or indirectly out of the undertakings’ assets. – Citadel Insurance plc CISs are licensed by the MFSA under the – Elmo Insurance Ltd Investment Services Act of 1994. – GasanMamo Insurance Ltd – GlobalCapital Life Insurance Ltd Entities belonging to this sub-sector (illustrative – HSBC Life Assurance (Malta) Ltd list): – Middlesea Insurance plc – Middlesea Valletta Life Assurance Ltd. – Amalgamated Investments Sicav plc

– Garanti Funds Sicav plc

– Global Funds Sicav plc

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 139 – HSBC International Funds Sicav plc a) Investment services providers, licensed under the Investment Services Act of 1994. – HSBC Malta Funds Sicav plc b) Bureaux de change, licensed under the – HSBC No Load Funds Sicav plc Financial Institutions Act of 1994.

– HSBC Structured Funds Sicav plc c) Loan brokers, licensed under the Financial Institutions Act of 1994. – La Valette Funds Sicav plc d) Insurance agencies/brokers – This sub- – Lombard Funds Sicav plc sector consists of companies which are principally engaged in auxiliary financial – Malta Development Fund Limited activities; that is, activities closely related to financial intermediation but which are – Santumas Shareholding plc not defined as financial intermediation. Insurance agencies/brokers are licensed by – Vilhena Funds Sicav plc the MFSA under the Insurance Intermediaries Act of 2006. – Wignacourt Funds Sicav plc Entities belonging to this sub-sector (illustrative • Professional investor funds (PIFs) – these list): are a sub-component of collective investment schemes. They represent another form of a) Investment services providers CIS; however, the capital is raised from – Amstel Capital Malta Ltd professional investors, i.e. investors that – Atlas Investment Services Ltd satisfy certain criteria as set out in the – Azzopardi Investment Management Ltd Investment Services Act of 1994. These – Barclays International Investments investors can be separated into “Qualifying (Malta) Ltd investors” or “Experienced investors”. – Benchmark Advisory Ltd – Benchmark Trading Ltd Entities belonging to this sub-sector (illustrative – BOV Stockbrokers Ltd list): – Calamatta Cuschieri & Co. – Charts Investment Management Services – Garanti Professional Investor Fund Sicav Ltd plc – Crystal Finance Investments Ltd – Cultor Asset Management International – Globalcapital Funds Sicav plc Ltd – Curmi & Partners Ltd – La Valette Funds Sicav plc – La Valette – D.B.R Investments Ltd Multi Manager Property Fund – ELMO Investments Ltd – Epic Financial Services Ltd 3.2.2 THE “FINANCIAL AUXILIARIES” SECTOR – Fexco Investment Services (Malta) Ltd CONSISTS OF COMPANIES WHICH ARE – Finacom Investment House Ltd PRINCIPALLY ENGAGED IN AUXILIARY FINANCIAL – Financial Planning Services Ltd ACTIVITIES, I.E. ACTIVITIES CLOSELY RELATED TO – Financial Plus Investment Services Ltd FINANCIAL INTERMEDIATION, BUT WHICH ARE – Finco Treasury Management Ltd NOT DEFINED AS FINANCIAL INTERMEDIATION. – First Retirement Planning Ltd – FPC Investment Consultants Ltd Entities included under this sector:

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 140 March 2007 MALTA – GasanMamo Financial Services – Travelex Financial Services Malta Ltd – GlobalCapital Financial Management – W & J Coppini & Co. Ltd – GlobalCapital Fund Advisors Ltd c) Loan brokers – Growth Investments Ltd – Northway Broker Ltd – HOGG Capital Investments Ltd – Hollingsworth International Financial d) Insurance agencies/brokers Services Ltd – Allcare Insurance Agency Ltd – HSBC Fund Management (Malta) Ltd – Allcare Insurance Brokers – HSBC International Financial Advisers – Ark Insurance Brokers Ltd (Malta) Ltd – Assikura Insurance Brokers Ltd – HSBC Investment Services (Malta) Ltd – Atlas Healthcare Insurance Agency Ltd – HSBC StockBrokers (Malta) Ltd – Azzopardi Insurance Brokers Ltd – Island Financial Services Ltd – Bonnici Insurance Agency Ltd – Jatco Investment Services Ltd – Buttigieg Insurance Brokers – Jesmond Mizzi Financial Services – Central Insurance Brokers Ltd – Joseph Scicluna Investment Services – Cordina Insurance Agency Ltd Ltd – Elmo Insurance Brokers Ltd – Lombard Asset Managers Ltd – England Insurance Agency Ltd – M.Z. Investment Services Ltd – First United Insurance Brokers Ltd – MedBond Finance Ltd – Fogg Insurance Agencies Ltd – Mercieca Financial Investment Services – Fogg International Insurance Ltd Brokers Ltd – Michael Grech Financial Investment – Galea Insurance Brokers Ltd Services Ltd – Global Capital Health Insurance – Michael N Trading Company Ltd Agency Ltd – Montaigne Investment (Malta) Ltd – Global Insurance Brokers Ltd – NDB Administration Centre Ltd – GlobalCapital Insurance Brokers Ltd – Quest Investment Services Ltd – GM Insurance Brokers Ltd – Rizzo, Farrugia & Co. (Stockbrokers) – HSBC International Financial Advisors Ltd (Malta Ltd) – ROCS Investment Services Ltd – International Insurance Brokers Ltd – Somerset Management (Malta) Ltd – Island Insurance Brokers Ltd – Swiss Administration Centre Ltd – Jatco Insurance Brokers Ltd – Tell Capital Ltd – KDM Insurance Brokers Ltd – Tell Investments CP – Laferla Insurance Agency Ltd – Teragon Capital Ltd – Melita Insurance Agency Ltd – Universal Financial Services Ltd – Melita Insurance Brokers Ltd – Valletta Fund Management Ltd – Millennium Insurance Agency Ltd – W & J Coppini Investment Services Ltd – Montaldo Insurance Agency Ltd – NSTS (Insurance Agency) Ltd b) Bureaux de change – Osprey Insurance Brokers Ltd – All Financial Services Ltd – Peak Insurance Brokers Ltd – Change Mart Financial Services Ltd – Rausi Insurance Agency Ltd – Cremona Exchange Bureau Ltd – Risk Insurance Brokers Ltd – EuroChange Financial Services Ltd – SMS Insurance Agency Ltd – Fexco Financial Services (Malta) Ltd – The Team (Malta) Ltd – Medarea Forex Services Ltd – Thomas Smith Insurance Agency Ltd – PDK Financial Services Ltd – Trident (Insurance Brokers) Ltd

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 141 – Unipol Insurance Agency Ltd – Allcom Ltd – Untours Insurance Agents Ltd – Victoria Insurance Agency Ltd. – Casma Co. Ltd

3.3 NON-FINANCIAL CORPORATIONS – Coastal Management Co. Ltd

The “Non-financial corporations” sector – Datastream Ltd comprises companies which are principally engaged in the production of market goods and – Enemalta Corporation non-financial services. This sector includes market-producing cooperatives, partnerships – Euromalta Express Co. Ltd and sole proprietorships that are recognised as independent legal entities. – Freeport Investments Ltd

This sector is further split into: – Freeport Terminal (Malta) Ltd

• Public non-financial corporations – these – Gozo Channel Co. Ltd include companies that are subject to control by government units. Control over – Gozo Heliport a company is defined as the ability to determine general corporate policy by – Hal-Ferh Holiday Co. Ltd choosing appropriate directors, by owning more than half of the voting shares, or – Harbour Construction Co. Ltd otherwise controlling more than half of the shareholders’ voting power. In addition, the – Holiday Services Co. Ltd government can secure control over a company or corporation as a result of a – Interprint Ltd special decree or regulation, which empowers it to determine corporate policy – Kalaxlokk Co. Ltd or to appoint the directors. These state- owned non-financial companies are to be – Kordin Grain Terminal Co. Ltd distinguished from the public non-market units mentioned in the “General government” – Libyan Arab Maltese Holdings Co. Ltd sector, since the former are considered to be producing goods or services to the market, – Libyan Arab Maltese Supermarkets Co. and/or charging economically significant Ltd prices, and/or with more than 50% of their production costs covered by their sales. – Malpro Ltd Public non-financial companies are registered under the Companies Act of – Malta Air Charter Co. Ltd 1995. – Malta Air Traffic Services Ltd Entities belonging to this sub-sector (illustrative list): – Malta Desalination Services (MDS) Ltd.

– Air Malta plc – Malta Drydocks (MDD) Dock 1 Co. Ltd

– Air Supplies and Catering Ltd – Malta Dry-docks (MDD) Manoel Island Co. Ltd

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 142 March 2007 MALTA – Malta Drydocks Holdings Ltd – Milano Due

– Malta Falcon Finance plc – Mobisle Communications Ltd

– Malta Film Promotion and Development – Plastic Processing Co. Ltd Ltd – Property Management Services Ltd – Malta Foundry Co. Ltd – Public Broadcasting Services Co. Ltd – Malta Freeport Corporation Ltd – Sea Malta Co. Ltd – Malta Gantry Manufacturing Ltd – Selmun Palace Co. Ltd – Malta Government Privatisation plc – Technical and Management Services Ltd – Malta Industrial Parks Ltd – Telepage Ltd – Malta Information Technology & Training Services Ltd – Terranet

– Malta Investments Management Co. Ltd – The Glorious Few Production Co. Ltd (MIMCOL) – Tigne Development Co. Ltd – Malta Maritime Authority – Tug Malta Co. Ltd – Malta Marketing Co. Ltd – Water Services Corporation – Malta Shipyards – Worldwide Communications Ltd – MaltaCom College International Ltd • Private non-financial corporations – this – Maltapost plc comprises companies which are controlled by non-government residents or non- – Manufacturing & Industrial Services Ltd resident units. Private non-financial companies are registered under the – Med Feeder Company Limited Companies Act of 1995.

– Medallion Properties Ltd 3.4 HOUSEHOLDS AND NON-PROFIT INSTITUTIONS SERVING HOUSEHOLDS – Medigrain Co. Ltd This sector is made up of individuals or groups – Medisle Holiday Co. Ltd of individuals as consumers and producers of goods and non-financial services exclusively – Mediterranean Aviation Co. Ltd intended for their own final consumption. Included in this sector are non-profit – Mediterranean Aviation Services Co. Ltd institutions, which are principally engaged in the production of non-market goods and – Mediterranean Offshore Bunkering Ltd

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 143 services intended for particular sections of Contact person: households. This section also includes market- producing cooperatives, partnerships and sole Ms Maruska Buttigieg Gili proprietorships which are not recognised as Senior Economic Statistician independent legal entities. Statistics Office Castille Place Types of entities belonging to this sub-sector Valletta CMR 01 (illustrative list): Malta Tel.: +356 2550 4403 • Trade unions Fax: +356 2550 2000 E-mail: [email protected] • Political parties

• Churches or religious societies

• Clubs for social, cultural, recreational and sporting activities

• Charities and aid organisations.

4 BORDERLINE CASES IN THE DELIMITATION OF THE DOMESTIC AREA

Not applicable.

5 ADDITIONAL SOURCES OF INFORMATION AND CONTACT PERSONS

Exhaustive lists of the major economic sectors are available from the Statistics Office of the Central Bank of Malta.

Lists of the entities in the financial sector are available from the website of the Malta Financial Services Authority (MFSA) at: (http://www.mfsa.com.mt/mfsa/default.asp).

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 144 March 2007 NETHERLANDS NETHERLANDS 1 INTRODUCTION (nationwide) private organisations (subsidised by the government). 1.1 GENERAL REMARKS Types of entities belonging to this sub-sector: In the Netherlands the “General government” sector consists of “Central government”, “Local • Budgetary funds government” and “Social security funds”. The definition of “State government” does not • Courts of justice apply to the Dutch economy. • Government departments In the Dutch National Accounts, “Financial auxiliaries” are considered to be a separate • Institutes for research and development sub-sector within the financial sector. However, for euro area money and banking statistics, • Public non-profit institutions serving they are reclassified as “OFIs”. enterprises (e.g. commodity boards, trading organisations) In the Dutch National Accounts, “Non-profit institutions serving households” are considered • Universities and colleges (HBOs). to be a separate sub-sector. However, for euro area money and banking statistics, they are Entities belonging to this sub-sector (illustrative reclassified as “Households”. list):

1.2 KEY WORDS FOR SECTORISATION • Budgetary funds – BTW-Compensatiefonds Ministerie (government department) see – Diergezondheidsfonds “Central government” – Gemeentefonds (municipality funds) – Fonds Economische Gemeente (municipality) see “Local Structuurversterking government” – Infrastructuurfonds – Mobiliteitsfonds (mobility funds) Participatie (venture capital) see “OFIs” – Provinciefonds (province funds) – Rijkswegenfonds (government road Opties/Effecten (options/securities) see funds) “OFIs” – Spaarfonds AOW – Waddenfonds Verzekering (insurance) see “Insurance corporations and pension funds”. • Government agencies: – Bureau Beheer Landbouwgronden (Land Administration) 2 CLASSIFICATION OF ENTITIES BELONGING – Delfts Waterloopkundig Laboratorium TO THE “GENERAL GOVERNMENT” SECTOR (Delft Hydraulic Laboratory) – Gezondheidsraad (Health Board) 2.1 CENTRAL GOVERNMENT – Nationaal Luchtvaartlaboratium (National Aerospace Laboratory) Definition: All government departments, – Nederlandse Emigratie Raad budgetary funds, government agencies (with (Netherlands Emigration Agency) individual budgets), judicial and legislative – Nederlandse Organisatie voor Toegepast units, statutory industrial organisations, other Wetenschappelijk Onderzoek (nationwide) statutory organisations and other

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 145 (Netherlands Organisation for Applied Entities belonging to this sub-sector (illustrative Scientific Research) list):

• Others: – Euregio Rijn-Waal – Landbouwschap (Agricultural Board) – Nederlandse Investeringsbank voor – Hoogheemraadschap Amstel, Gooi en Vecht Ontwikkelingslanden NV (AGV) – Oxfam Novib – Productschap voor Zuivel – Regionaal Orgaan Amsterdam – Railned BV – Railinfrabeheer NV – Vereniging van Nederlandse Gemeenten – SNV – Sociaal-Economische Raad – Zuiveringschap Limburg – Stichting Ontwikkelings- en Saneringsfonds voor de Landbouw – Zeeland Seaports. – TNO (Nederlandse Organisatie voor Toegepast Natuurwetenschappelijk 2.4 SOCIAL SECURITY FUNDS Onderzoek). Definition: Social insurance funds, medical 2.2 STATE GOVERNMENT insurance institutions and social security agencies (involved in the implementation of Not applicable. social security regulations).

2.3 LOCAL GOVERNMENT Types of entities belonging to this sub-sector:

Definition: Provinces, municipalities, polder • Medical insurance institutions boards, district water boards, joint boards, other (local) statutory organisations, elementary • Social insurance funds. and secondary education and other (local) private organisations (subsidised by the government). Entities belonging to this sub-sector (illustrative list):

Types of entities belonging to this sub-sector: – Arbeidsongeschiktheidskas (managed by the UWV) • Intermunicipal cooperatives – Algemeen Fonds Bijzondere Ziektekosten • Regional police forces (managed by the CVZ)

• Regional labour boards – Algemeen Ouderdomsfonds (managed by the SVB) • Subsidised special schools – Fonds Algemeen Nabestaandenwet • Private institutions in the field of welfare (managed by the SVB) (among others Kruisverenigingen), cultural and educational work (museums, libraries). – Algemeen Werkloosheidsfonds (managed by the UWV)

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 146 March 2007 NETHERLANDS – Arbeidsongeschiktheidsfonds (managed by • Consumer credit institutions the UWV) • Financial holdings – College voor Verzekeringen (CVZ) • Instalment and hire-purchase finance – Sectorfondsen (managed by the UWV) companies

– Sociale Verzekeringsbank (SVB) • Investment institutions

– Stichting Centraal Administratiekantoor • Special financial institutions (BFIs, foreign AWBZ owned holding and financing companies)

– Uitvoeringsorgaan • Special purpose vehicles (SPVs) werknemersverzekeringen (UWV) • Venture capital companies. – Uitvoeringsfonds voor de Overheid (managed by the UWV) Entities belonging to this sub-sector (illustrative list): – Zorgvereveningsfonds (managed by the CVZ). – Achmea Holding NV

Borderline cases: – Aegon NV

VUT funds (early retirement funds) are – Delta Lloyd NV classified as “Insurance corporations and pension funds”. – Fortis Holding

– ING Holding NV 3 CLASSIFICATION OF ENTITIES BELONGING TO THE “OTHER RESIDENTS” SECTOR – ING Verzekeringen NV

3.1 OTHER FINANCIAL INTERMEDIARIES (OFIS) – Nederlandse Participatie Maatschappij NV.

Definition: Financial corporations in the Dutch 3.1.1 FINANCIAL AUXILIARIES private sector, other than MFIs and insurance Definition: Those entities which are principally corporations and pension funds, which are engaged in activities which are closely related principally engaged in financial intermediation to financial intermediation, but which do not by means of the incurring of liabilities other include the function of financial intermediation than in the form of deposits and insurance itself. In the Dutch national accounts, “Financial technical reserves, and which specialise in auxiliaries” is a separate sub-sector. granting credits and/or investing in securities. Financial auxiliaries, which are a separate sub- Types of entities belonging to this sub-sector in sector in the Dutch national accounts, are also the Dutch national accounts (illustrative list): included here for euro area money and banking statistics purposes. • Bill brokers (if not registered as credit institutions) Types of entities belonging to this sub-sector (illustrative list): • Insurance brokers

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 147 • Stockbrokers (if not registered as credit 3.3 NON-FINANCIAL CORPORATIONS institutions) Definition: All institutional units, the • Stock exchanges. distributive and financial transactions of which are distinct from those of their owners and 3.2 INSURANCE CORPORATIONS AND PENSION which are market producers, the principal FUNDS activity of which is the production of goods and non-financial services. Definition: Life assurance companies and indemnity insurance companies which meet the In the Dutch national accounts, “Public non- conditions of, and are subject to, the Wet op het financial corporations” are separately identified financieel toezicht, Wft (Financial Supervision in the “Non-financial corporations” sub- Law). Furthermore, this also covers pension sector. funds which meet the conditions of, and are subject to, the Pensioenwet (PW, Pension Law) Types of institution that belong to this sub- or the Wet verplichte beroepspensioenregeling sector: (Act providing for compulsory participation in vocational pension schemes). In addition, a • Public limited companies (naamloze limited number of entities are included which vennootschap; NV) are not supervised by De Nederlandsche Bank, such as reinsurance companies. • Private limited companies (besloten vennootschap; BV) Types of institution belonging to this sub- sector: • Limited partnerships (commanditaire vennootschap; BV) • Accident insurance companies • Hospitals (non-subsidised, see also sub- • Funeral cooperatives section 3.4)

• Life assurance companies • Partnerships (firma; Fa.)

• Company pension funds • Cooperative societies

• Vocational pension funds. • Market-oriented associations and foundations (stichting) Entities belonging to this sub-sector (illustrative list): • Non-financial holdings

– For insurance corporations, please see • Sole traders (with independent legal “registers verzekeraars” (Registers of status). Insurers) on the DNB website at www.dnb. nl. Please note that insofar as these entities are indicated by their legal form, these forms could – For pension funds, please see “registers apply to other sectors as well. pensioenfondsen” (Registers of Pension funds) on the DNB website at www.dnb.nl.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 148 March 2007 NETHERLANDS Entities belonging to this sub-sector (illustrative The following types of entities are included: list): • Public enterprises • The most traded private non-financial corporations listed on the stock exchange • Institutions performing services for public are: enterprises – AKZO Nobel NV – ASM Lithography Holding NV • Subsidised hospitals (financed via – Buhrmann NV Ziekenfondswet, AWBZ and social – DSM NV insurance acts). – Getronics NV – Hagemeyer NV Entities included in “Public non-financial – Heineken NV corporations”: – Koninklijke Ahold NV – Koninklijke Numico NV • Public enterprises – Koninklijke Philips electronics NV – Public limited companies and private – Koninklijke KPN NV limited companies with public ownership – Reed Elsevier NV in excess of 50%. – TNT NV – Unilever NV • Public enterprises (illustrative list): – Wolters Kluwers NV. – Energie Beheer Nederland BV – Holland Metrology NV • Others: – NV Luchthaven Schiphol – Woningbouwcorporaties – NV NS Groep – ANWB – NV SDU – Arbodiensten – Connexion NV – Kamers van Koophandel – Ultra Centrifuge Nederland NV – Laboratorium voor Grondmechanica – NV VAM (LGM) – Landbouw-Economisch Instituut (LEI) • Institutions performing services to public – Nationaal Lucht- en Ruimtevaart- enterprises (illustrative list): laboratorium (NLR) – Energie Onderzoek Centrum (ECN) – Nationaal Ziekenhuis instituut (NZI) – Vereniging van Exploitanten van – Stichting Nederlands Economisch Elektriciteitsbedrijven in Nederland Instituut (NEI) (VEEN) – Nederlandse Omroepstichting (NOS) – Vereniging van Exploitanten van – Nederlands Instituut voor Vliegtuig- Gasbedrijven in Nederland (VEGIN) ontwikkeling en Ruimtevaart – Vereniging van Exploitanten van – Stichting Waterloopkundig Laboratorium Waterleidingbedrijven in Nederland (WL). (VEWIN).

3.4 PUBLIC NON-FINANCIAL CORPORATIONS 3.5 HOUSEHOLDS

In the Dutch national accounts, “Public non- Definition: Natural persons residing in the financial corporations” are separately identified Netherlands (who, owing to the name in which within the “Non-financial corporations” sub- their accounts are held, are not considered to be sector. businesses). In the Netherlands these are combined with “Non-profit institutions serving households”. Sole proprietors without an

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 149 independent status belong to this sub-sector as Banks and brokers in the Netherlands”, well. NIBE-SVV.

3.6 NON-PROFIT INSTITUTIONS SERVING Contact for information: HOUSEHOLDS De Nederlandsche Bank Definition: Non-market-oriented associations Statistics and Information Division and foundations. In the Netherlands, these are Fax: +31 20 524 2512 combined with “Households”. E-mail: [email protected]

Types of institution belonging to this sub- sector:

• Associations

• Charities

• Churches

• Foundations

• Labour unions

• Political parties.

4 BORDERLINE CASES IN THE DELIMITATION OF THE DOMESTIC AREA

Not applicable.

5 ADDITIONAL SOURCES OF INFORMATION AND CONTACT FOR INFORMATION

Additional sources of information:

• A manual on the monetary reporting framework (Handboek Sociaal-economische rapportages), including a chapter on sectorisation, is available from www.dnb. nl. This manual is usually updated with a yearly frequency.

• An exhaustive list of credit institutions, stock exchanges and their listed institutions and miscellaneous financial institutions is provided in the “Bankenboekje 2006/2007,

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 150 March 2007 AUSTRIA AUSTRIA 1 INTRODUCTION 2 CLASSIFICATION OF ENTITIES BELONGING TO THE “GENERAL GOVERNMENT” SECTOR1 1.1 GENERAL REMARKS 2.1 CENTRAL GOVERNMENT The main non-MFI sectors in Austria are the “General government” sector (known in Austria Definition: All government ministries and as the public sector) and the “Other residents” public agencies, the competence of which sector (known in Austria as the private sector). extends over the entire economic territory, with the exception of the administration of social The “General government” sector consists of security funds. Furthermore, this comprises all central government bodies, regional and local economic agents, the function of which is to authorities and social security funds as well as offer non-market services for the general public other institutional corporations and non-profit or to carry out transactions designed to institutions controlled and financed by the redistribute national income and wealth. government sector and therefore included in this sector. Types of entities belonging to this sub-sector (illustrative list): The “Other residents” sector is further subdivided into: • Bundeskammern (Federal Chambers)

• Financial corporations other than MFIs, • Bundesministerien (Federal Ministries) comprising “OFIs”, including “Financial auxiliaries” (such as non-profit institutions • Bundesfonds serving financial institutions and bodies regulating financial activities) and • Hochschülerschaften “Insurance corporations and pension funds” • Parlament (Federal Parliament).

• “Non-financial corporations” Entities belonging to this sub-sector (illustrative list): • “Households” (with a further breakdown into own-account workers – self-employed • Bundesministerium für Finanzen people – and other private persons) • Österreichische • Non-profit institutions serving households. Bundesfinanzierungsagentur

1.2 KEY WORDS FOR SECTORISATION • Oesterreichische Akademie der Wissenschaften Bund (federal government) see “Central government” • Umwelt- und Wasserwirtschaftsfonds.

Länder (regional authorities) see “State 2.2 REGIONAL GOVERNMENT government” Definition: All constitutional bodies and Gemeinden (local authorities) see “Local departments, as well as the administrative government” authorities of the eight Länder (states). The

Pensionkassen (pension funds) see 1 A list of institutions is available via the internet on Statistik “Insurance corporations and pension funds”. Austria’s homepage (see additional sources of information).

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 151 state governments are separate institutional water and gas supply, town planning, as well as units below the federal government. They are the construction and maintenance of schools, responsible for legislation and administration theatres, museums and hospitals, are all subject at the state level, according to the competences to self-government. In principle, only non- conferred upon them by the Austrian market producers are included. constitution, e.g. almost all matters relating to education and culture, and in a few specific Types of entities belonging to this sub-sector cases they are responsible for local government (illustrative list): law. The powers of the public administration only cover the economic territory of the state • Stadtgemeinden concerned. • Marktgemeinden Types of entities belonging to this sub-sector (illustrative list): • Sozialhilfeverbände

• Ämter der Landesregierungen (state • Schulgemeindeverbände. governments) Entities belonging to this sub-sector (illustrative • Landtage list):

• Landesfonds • Stadtgemeinde Tulln

• Landeskammern. • Schulgemeindeverband Klagenfurt

Entities belonging to this sub-sector (illustrative • Sozialhilfeverband Oberösterreich. list): 2.4 SOCIAL SECURITY FUNDS • Burgenländischer Wirtschaftsförderungsfonds Definition: Institutional units, the principal purpose of which is to provide social benefits, • Kärntner Nationalparkfonds pension insurance funds and the health and accident insurance system. • Katastrophenfonds des Landes Oberösterreich Types of entities belonging to this sub-sector (illustrative list): • Landeskammer der Architekten und Ingenieurkonsulenten. • Entgeltfortzahlungsfonds

2.3 LOCAL GOVERNMENT • Gesetzliche Krankenversicherung

Definition: All Gemeinden (local authorities) • Gesetzliche Pensionsversicherunganstalten including Gemeindeverbände (local authority associations) as well as the city of Vienna • Insolvenzentgeltsicherungsfonds (Land Wien) operating in the “General government” sector. The powers of the public • Krankenfürsorgeanstalten administration of these local authorities only cover their geographical area within the • Unfallversicherung. economic territory. Local administration, in particular local road construction, electricity,

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 152 March 2007 AUSTRIA Entities belonging to this sub-sector (illustrative • Venture capital companies or similar list): institutions whose principal activity consists of the acquisition of participating interests • Allgemeine Unfallversicherunganstalten (Beteiligungsgesellschaften)

• Betriebskrankenkasse der Wiener Entities belonging to this sub-sector (illustrative Gemeindebediensteten list):

• Wiener Gebietskrankenkasse Licensed staff provision funds

• Hauptverband der • APK Mitarbeitervorsorgekasse AG Sozialversicherungsträger • BAWAG Allianz Mitarbeitervorsorgekasse • Versicherungsanstalt öffentlich AG Bediensteter. • BONUS Mitarbeitervorsorgekassen AG

3 CLASSIFICATION OF ENTITIES BELONGING • BUAK Mitarbeitervorsorgekasse GmbH TO THE “OTHER RESIDENTS” SECTOR • Niederösterreichische Vorsorgekassen AG 3.1 OTHER FINANCIAL INTERMEDIARIES (OFIS) • ÖVK Vorsorgekasse AG Definition: All financial institutions which do not qualify • Siemens MV-Kasse AG

• as credit institutions based on Community • VBV Mitarbeitervorsorgekasse AG law or • Victoria Volksbanken • as other MFIs according to ECB Regulation Mitarbeitervorsorgekasse AG. No 2001/13, Investment funds and which are mainly engaged in financial intermediation. http://www.fma.gv.at/cms/site/EN/einzel. html?channel=CH0124 Financial auxiliaries (such as non-profit institutions serving financial intermediaries) 3.1.1 FINANCIAL AUXILIARIES and bodies regulating financial activities are Definition: Enterprises offering services also included. involved in or closely related to financial intermediation, but which are not themselves Types of entities belonging to this sub-sector carrying out financial intermediation (illustrative list): activities.

• Investment funds (other than MMFs) Types of entities belonging to this sub-sector (illustrative list): • Financial holding corporations (Finanzholdings) • Capital management companies (Kapitalanlagegesellschaften) • Licensed staff provision funds (Mitarbeitervorsorgekassen)

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 153 • Investment service providers but majority-owned by and legally dependent (Wertpapierdienstleister) on the public sector (publicly owned and operated enterprises). Entities belong to this sub-sector (illustrative list): Types of entities belonging to this sub-sector (illustrative list): Investment service providers, available at http://www.fma.gv.at/cms/site/EN/abfragen_ • Commercial partnerships (OHG, KG) liste_kwpdlu.html • Cooperative associations (reg. Gen. m. b. H.) Capital management companies, available at http://www.fma.gv.at/downloads/inland.pdf • Limited partnerships (Ges. m. b. H.)

3.2 INSURANCE CORPORATIONS AND PENSION • Stock corporations (AG). FUNDS 3.4 HOUSEHOLDS Definition: Corporations which are principally engaged in financial intermediation as a Definition: All individuals or groups of consequence of the pooling of risks. individuals, both consumers and (possibly) entrepreneurs, producing market goods and Types of entities belonging to this sub-sector offering services, provided that, in the latter (illustrative list): case, the corresponding activities are not those of separate entities treated as quasi- • Casualty insurance companies corporations.

• Health insurance companies Types of entities belonging to this sub-sector (illustrative list): • Life assurance companies • Employees (including unemployed • Pension funds (Pensionskassen) persons) – Civil servants Entities belonging to this sub-sector (illustrative – Pensioners list): – Wage and salary earners

Pension funds (Pensionskassen), available at: • Self-employed persons (own-account http://www.fma.gv.at/cms/site/EN/einzel. workers) html?channel=CH0148 – Farmers – Persons running (small) businesses Insurance companies, available at: http://www. – Self-employed persons in private fma.gv.at/cms/site/EN/einzel. practice html?channel=CH0160 – Sole proprietorships (one-person businesses) 3.3 NON-FINANCIAL CORPORATIONS • Other individuals Definition: The “Non-financial corporations” – Individuals whose income is derived sub-sector (including business organisations) chiefly from property (rentiers and comprises: (a) private enterprises, and (b) persons of private means) public enterprises operating under private law, – Infants plus enterprises operating under private law – Persons not stating their occupation

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 154 March 2007 AUSTRIA – Persons undergoing training 5 ADDITIONAL SOURCES OF INFORMATION – Schoolchildren and students. AND CONTACT FOR INFORMATION

3.5 NON-PROFIT INSTITUTIONS SERVING Additional sources of information: HOUSEHOLDS An exhaustive list of institutions categorised Definition: Non-profit institutions which are under the “General government” sector is separate legal entities and which serve available from Statistik Austria’s homepage households. at: http://www.statistik.at/fachbereich_02/ Types of entities belonging to this sub-sector gebarung_txt.shtml . (illustrative list): Contact for information: • Political parties Questions concerning the sectoral classification • Religious organisations of financial institutions should be addressed to: • Charity funds Oesterreichische Nationalbank • Trade unions. Banking Statistics and Minimum Reserve Division Entities belonging to this sub-sector (illustrative Dr Alois Klein list): Tel.: +43 1 40 420 3301

• Evangelische Kirche Dr Gunther Swoboda Tel.: +43 1 40 420 3312 • Österreichischer Gewerkschaftsbund Questions concerning the sectoral classification • Römisch-Katholische Kirche of sectors other than financial institutions should be addressed to: • Rotes Kreuz Statistik Austria • Stift Admont National Accounts/Sector Accounts Dr. Karl Schwarz • Stift Klosterneuburg Tel.: +43 1 711 28 8149

• Stift Melk.

4 BORDERLINE CASES IN THE DELIMITATION OF THE DOMESTIC AREA

Not applicable.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 155 POLAND

1 INTRODUCTION • Services, guards, inspections, etc.

The Polish sectoral classification is compliant • Inspekcja Sanitarna (Sanitary Inspection) with the rules and definition provided in the ESA 95. The classification is split into “MFIs”, • Polska Akademia Nauk (Polish Academy of “General government” and “Other residents”. Sciences) “General government” consists of “Central government” and “Other general government”, • Polskie Centrum Akredytacji (Polish Centre incorporating “Local government” and „Social for Accreditation) security funds”. The “State government” sub- sector is not applicable. • Transportowy Dozór Techniczny (Transportation Technical Supervision) The “Other residents” sector consists of “Other financial intermediaries and financial • Urząd Dozoru Technicznego (Office of auxiliaries”, “Insurance corporations and Technical Inspection) pension funds”, “Non-financial corporations”, and “Households and non-profit institutions • Jednostki doradztwa rolniczego (agricultural serving households”. advisory units)

• Individual public healthcare institutions, 2 CLASSIFICATION OF ENTITIES BELONGING TO state-owned medical universities THE “GENERAL GOVERNMENT” SECTOR • Parliamentary caucuses, MPs’ offices 2.1 CENTRAL GOVERNMENT • State-financed non-financial corporations, Definition: This sub-sector includes all auxiliary budgetary entity units as well as administrative departments of the state and revenues and motivation funds of state other central agencies whose competence budgetary units normally extends over the whole economic territory, except for the administration of social • Komisja Nadzoru Finansowego (Financial security funds. Also included in this sub-sector Supervision Commission) are those non-profit institutions which are controlled and mainly financed by the central • National earmarked funds, except for those government, the competence of which extends allocated in the social security funds sub- over the entire economic territory. sector: – Krajowy Fundusz Drogowy (National Types of entities belonging to this sub-sector Road Infrastructure Fund) (illustrative list): – Państwowy Fundusz Kombatantów (National Veterans Fund) • Public authorities and government units – Narodowy Fundusz Ochrony Środowiska (such as provincial offices and voivods) i Gospodarki Wodnej (National Fund for Environmental Protection and Water • State supervisory and legal authorities, Management) courts of law (also bailiffs) and tribunals – Centralny Fundusz Ochrony Gruntów Rolnych (Central Fund for the Protection • State-owned universities of Arable Lands) – Centralny Fundusz Gospodarki Zasobem • State-owned cultural and social institutions Geodezyjnym i Kartograficznym

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 156 March 2007 POLAND (Central Fund for the Management of – Agencja Restrukturyzacji i Modernizacji Geodetic and Cartographic Resources) Rolnictwa (Agency for Restructuring – Państwowy Fundusz Rehabilitacji Osób and Modernisation of Agriculture) Niepełnosprawnych (National Fund for – Polska Agencja Rozwoju the Recovery of Impaired Persons) Przedsiębiorczości (Polish Agency for – Fundusz Promocji Twórczości (Arts Enterprise Development) Promotion Fund) – Agencja Nieruchomości Rolnych wraz z – Fundusz Gwarantowanych Świadczeń Zasobem Własności Rolnej Skarbu Pracowniczych (Guaranteed Employee Państwa (Agricultural Property Agency Benefit Fund) with the State Treasury’s Agricultural – Fundusz Zajęć Sportowo-Rekreacyjnych Property) dla Uczniów (Pupils’ Sport and Leisure – Agencja Mienia Wojskowego (Military Fund) Real Estate Agency) – Fundusz Wsparcia Policji (Police – Wojskowa Agencja Mieszkaniowa Support Fund) (Military Housing Agency) – Fundusz Rozwoju Kultury Fizycznej – Agencja Rezerw Materiałowych (Physical Culture Development Fund) (Material Reserves Agency) – Fundusz Promocji Kultury (Cultural – Polska Organizacja Turystyczna (Polish Promotion Fund) National Tourist Office) – Fundusz Modernizacji Bezpieczeństwa – Polska Konfederacja Sportu (Polish Publicznego (Public Safety Development Sports Federation) Fund) – Agencja Rynku Rolnego (Agricultural – Fundusz Reprywatyzacji (Reprivatisation Market Agency) Fund) – Fundusz Restrukturyzacji • Spokesperson for the insured. Przedsiębiorców (Fund for Enterprise Restructuring) Borderline cases: – Fundusz Skarbu Państwa (State Treasury Fund) The management of social security funds is – Fundusz Nauki i Technologii Polskiej classified under the “Social security funds” (Polish Science and Technology Fund) sector. Agencies not listed above should be – Fundusz Pomocy Postpenitencjarnej classified in the “Non-financial corporations“ (Post-penitentiary Assistance Fund) sector. – Fundusz – Centralna Ewidencja Pojazdów i Kierowców (Central 2.2 STATE GOVERNMENT Inventory of Vehicles and Drivers) – Fundusz Rozwoju Przywięziennych Not applicable. Zakładów Pracy (Penitentiary Work Establishment Development Fund) 2.3 LOCAL GOVERNMENT – Fundusz Modernizacji Sił Zbrojnych (Armed Forces Development Fund) Definition: The “Local government” sub-sector – Fundusz Rekompensacyjny includes those non-profit institutions (Compensation Fund) (commune, poviat and province) which are controlled and financed by local governments • State-owned legal persons (e.g. agencies) and whose competence is restricted to the established under different legal acts in economic territories of the local government. order to perform public duties:

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 157 Types of entities belonging to this sub-sector except for enterprises, banks and commercial (illustrative list): code companies.

• Commune and poviat authorities, marshal’s Borderline cases: offices and other local authorities Regional branches of social security funds are • Unions of territorial self-government units classified under the “Social security funds” sub-sector. This respective sub-sector does not • Public healthcare institutions established by include voivods and provincial offices, which local governments are classified under “Central government”.

• Public schools and institutions financed by 2.4 SOCIAL SECURITY FUNDS local governments Definition: The “Social security funds” sub- • Local culture and social institutions, sector includes all central, state, local and services, guards and inspections institutional units whose principal activity is to provide social benefits and which fulfil each of • Budgetary entities and their auxiliary units the following criteria: established by territorial self-government units, as well as special funds collected by a) Certain groups of the population are by these units law or by regulation obliged to participate in the scheme or to pay contributions • Earmarked funds allocated in the local governments: b) The general government is responsible for – Wojewódzkie Fundusze Ochrony the management of the institution in Środowiska i Gospodarki Wodnej respect of management or approval of (Provincial Fund for Environmental contributions and benefits. Protection and Water Management) – Powiatowe Fundusze Ochrony Types of entities belonging to this sub-sector Środowiska i Gospodarki Wodnej (illustrative list): (Poviat Fund for Environmental Protection and Water Management) • Zakład Ubezpieczeń Społecznych (Social – Lokalne Fundusze Ochrony Gruntów Security Institution) Rolnych (Local Fund for the Protection of Arable Lands) • Kasa Rolniczego Ubezpieczenia Społecznego – Wojewódzkie Fundusze Gospodarki (Agricultural Social Insurance Fund) Zasobem Geodezyjnym i Kartograficznym (Provincial Fund for • Fundusz Ubezpieczeń Społecznych (Social the Management of Geodetic and Security Fund) Cartographic Resources) – Powiatowe i Gminne Fundusze • Fundusz Składkowy (Premium Fund) Gospodarki Zasobem Geodezyjnym i Kartograficznym (Poviat Fund for the • Fundusz Prewencji i Rehabilitacji Management of Geodetic and (Prevention and Recovery Fund) Cartographic Resources) • Fundusz Emerytalno-Rentowy (Retirement • Local legal persons established under and Disability Pensions Fund) separate provisions to perform public tasks,

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 158 March 2007 POLAND • Fundusz Administracyjny (Administration Types of entities belonging to this sub-sector Fund) (illustrative list):

• Fundusz Pracy (Labour Fund) • Financial leasing companies: – Bankowy Fundusz Leasingowi S.A. • Fundusz Motywacyjny (Motivation Fund) – BRE Leasing Sp. z o.o. – Europejski Fundusz Leasingowy S.A. • Fundusz Rezerwowy (Reserve Fund) – Futura Leasing S.A. – KBC Lease Polska Sp. z o.o. • Fundusz Rezerwy Demograficznej – ING Lease (Polska) Sp. z o.o. (Demographic Reserve Fund) – Kredyt Lease S.A. – SG Equipment Leasing Polska Sp. • Narodowy Fundusz Zdrowia (National z o.o. Healthcare Fund) and its regional branches. • Factoring companies: – Eurofactor S.A. Solution Borderline cases: – Polfactor S.A. Grupa BRE Banku – ING Commercial Finance Polska S.A. The following institutions have not been – Pekao Factoring Sp.z o.o. covered under this sub-sector: supervision of – Bibby Factors Polska Sp. z o.o. social security units (such as the Financial – arivato services Polska Bertelsman Supervision Commission), which are included in “Central government”. • Brokerage houses: – AIGA Asset Management (Polska) S.A. – Beskidzki Dom Maklerski S.A. 3 CLASSIFICATION OF ENTITIES BELONGING TO – Centralny Dom Maklerski Pekao S.A. THE “OTHER RESIDENTS” SECTOR – Commercial Union Investment Management (Polska) S.A. 3.1 OTHER FINANCIAL INTERMEDIARIES AND – Dom Maklerski Banku Handlowego FINANCIAL AUXILIARIES S.A. – Dom Maklerski Banku Ochrony 3.1.1 OTHER FINANCIAL INTERMEDIARIES (OFIs) Środowiska S.A. EXCEPT INSURANCE CORPORATIONS AND – Dom Maklerski Polonia Net S.A. PENSION FUNDS – Pionier Pekao Investment Management (For purposes of money and banking statistics S.A. “Financial auxiliaries” are included in this sub- sector, see sub-section 3.1.2). • Investment funds: – AIG Fundusz Inwestycyjny Otwarty Definition: The “Other financial intermediaries Akcji except insurance corporations and pension – AIG Fundusz Inwestycyjny Otwarty funds” sub-sector consists of all financial Obligacji corporations and quasi-corporations which are – AIG Fundusz Inwestycyjny Otwarty principally engaged in financial intermediation Stabilnego Wzrostu by incurring liabilities in forms other than – AIG Fundusz Inwestycyjny Otwarty currency, deposits and/or close substitutes of Pieniężny deposits from institutional units other than – AIG Fundusz Inwestycyjny Otwarty MFIs. Zrównoważony Nowa Europa – AIG Fundusz Inwestycyjny Otwarty Zagranicznych Obligacji

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 159 – AIG Specjalistyczny Fundusz – St. Paul’s Investments Fundusz Inwestycyjny Otwarty Parasol Inwestycyjny Zamknięty Podatkowy specjalistyczny otwarty – Armada Investments Fundusz – AIG Fundusz Inwestycyjny Otwarty Inwestycyjny Zamknięty Małych i Średnich Spółek – Secus Pierwszy Fundusz Inwestycyjny – Lukas Fundusz Inwestycyjny Otwarty Zamknięty Aktywów Niepublicznych – Arka BZ WBK Obligacji Europejskich – DWS Polska Fundusz Inwestycyjny Fundusz Inwestycyjny Otwarty Otwarty Płynna Lokata Plus – Arka BZ WBK - Stabilnego Wzrostu – DWS Polska Fundusz Inwestycyjny Fundusz Inwestycyjny Otwarty Otwarty USD Obligacji – Arka BZ WBK Funduszy Akcji – DWS Polska Fundusz Inwestycyjny Zagranicznych Fundusz Inwestycyjny Otwarty Rynku Pieniężnego Otwarty – DWS Polska Fundusz Inwestycyjny – Arka BZ WBK Akcji Fundusz Otwarty Konwergencji Inwestycyjny Otwarty – DWS Polska Fundusz Inwestycyjny – Arka BZ WBK Ochrony Kapitału Otwarty Top 25 Małych Spółek Fundusz Inwestycyjny Otwarty – DWS Polska Fundusz Inwestycyjny – Arka BZ WBK Obligacji Fundusz Otwarty Dłużnych Papierów Inwestycyjny Otwarty Wartościowych – Arka BZ WBK Zrównoważony Fundusz – DWS Polska Fundusz Inwestycyjny Inwestycyjny Otwarty Otwarty Top 50 Europa – Arka BZ WBK Fundusz Rynku – DWS Polska Fundusz Inwestycyjny Nieruchomosci Fundusz Inwestycyjny Otwarty Zabezpieczenia Emerytalnego – Arka GLOBAL INDEX 2007 Fundusz – DWS Polska Fundusz Inwestycyjny Inwestycyjny Zamknięty Otwarty Płynna Lokata – Arka BZ WBK Fundusz Rynku – DWS Polska Fundusz Inwestycyjny Nieruchomosci Fundusz Inwestycyjny Otwarty Akcji Plus Zamknięty – DWS Polska Fundusz Inwestycyjny – Commercial Union Fundusz Otwarty Akcji Inwestycyjny Otwarty Polskich Akcji – DWS Polska Fundusz Inwestycyjny – Commercial Union Fundusz Otwarty Zrównoważony Inwestycyjny Otwarty Polskich Akcji – DWS Polska Specjalistyczny Fundusz – Commercial Union Fundusz Inwestycyjny Otwarty Euroobligacji Inwestycyjny Otwarty Stabilnego – DWS Polska Fundusz Inwestycyjny Inwestowania Zamknięty Stabilnego Wzrostu – Commercial Union Fundusz Inwestycyjny Otwarty Walutowy • National investment funds: – Commercial Union Fundusz – Pierwszy Narodowy Fundusz Inwestycyjny Otwarty Obligacji Inwestycyjny S.A. – Commercial Union Fundusz – Drugi Narodowy Fundusz Inwestycyjny Inwestycyjny Otwarty Ochrony Kapitału S.A. Plus – Narodowy Fundusz Inwestycyjny – Commercial Union Fundusz Progress S.A. Inwestycyjny Otwarty Depozyt Plus – Fundusz Inwestycyjny Zamknięty • Securitisation funds: Sektora Nieruchomości 1 – BEST I Niestandaryzowany – Fundusz Inwestycyjny Zamknięty Sekurytyzacyjny Fundusz Inwestycyjny Sektora Nieruchomości 2 Zamknięty – CC1 Fundusz Inwestycyjny Zamknięty

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 160 March 2007 POLAND – Ultimo Fundusz Inwestycyjny Zamknięty • Clearing houses and centres: Fundusz Sekurytyzacyjny – Polcard – EGB Podstawowy Niestandaryzowany – American Express Sekurytyzacyjny Fundusz Inwestycyjny – Centrum Kart i Czeków Banku Pekao Zamknięty S.A. – Allianz – Ekler Hermes – Centrum Kart Wielkopolskiego Banku Niestandaryzowany Sekurytyzacyjny Kredytowego S.A. Fundusz Inwestycyjny Zamknięty • Bankowy Fundusz Gwarancyjny (Bank • Companies established for asset Guarantee Fund) securitisation purposes, i.e. the issuance of securities backed with securitised assets: • Krajowy Depozyt Papierów Wartościowych – Polish Assets SPV S.A. (National Depository of Securities)

• Banks under bankruptcy proceedings, • Financial funds and foundations: liquidation and reorganisation. – Fundusz Współpracy (Cooperation Fund) Borderline cases: • Investment fund management companies MMFs and credit unions are included in the – AIG Towarzystwo Funduszy MFI sector. Inwestycyjnych S.A. – BPH Towarzystwo Funduszy 3.1.2 FINANCIAL AUXILIARIES Inwestycyjnych S.A. Definition: The “Financial auxiliaries” sub- – AIG Towarzystwo Funduszy sector consists of all financial corporations and Inwestycyjnych S.A. quasi-corporations which are principally – Commercial Union Polska Towarzystwo engaged in auxiliary financial activities, but Funduszy Inwestycyjnych S.A. which are not financial intermediation – Copernicus Capital Towarzystwo themselves. Funduszy Inwestycyjnych S.A. – DWS POLSKA Towarzystwo Funduszy Types of entities belonging to this sub-sector Inwestycyjnych S.A. (illustrative list): – GE Debt Management Towarzystwo Funduszy Inwestycyjnych S.A. • Insurance and pension brokers – Górnośląskie Towarzystwo Funduszy Inwestycyjnych S.A. • Investment advisors – Hexagon Towarzystwo Funduszy Inwestycyjnych S.A. • Exchange offices – ING Towarzystwo Funduszy Inwestycyjnych S.A. • Stock exchanges: – INTRUM JUSTITIA Towarzystwo – Giełda Papierów Wartościowych Funduszy Inwestycyjnych S.A. w Warszawie S.A. – INVESTORS Towarzystwo Funduszy Inwestycyjnych S.A. • Commodity exchanges: – Warszawska Giełda Towarowa • Pension fund management companies: – Towarowa Giełda Energii S.A. – AIG Powszechne Towarzystwo Emerytalne S.A. • Institutions providing infrastructure for the – Powszechne Towarzystwo Emerytalne financial markets Allianz Polska S.A.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 161 – PKO/Handlowy Powszechne Borderline cases: Towarzystwo Emerytalne S.A. – Commercial Union Powszechne This sub-sector does not include institutions Towarzystwo Emerytalne BPH CU WBK controlled by the state whose function is to S.A. supervise financial institutions, i.e. Komisja – Powszechne Towarzystwo Emerytalne Nadzoru Finansowego (Financial Supervision DOM S.A. Commission). These institutions are included – Powszechne Towarzystwo Emerytalne in the “Central government” sector. Ergo Hestia S.A – Powszechne Towarzystwo Emerytalne 3.2 INSURANCE CORPORATIONS AND PENSION Kredyt Banku S.A. FUNDS – ING Nationale Nederlanden Polska S.A. Definition: This sub-sector consists of all – Pekao Pionier Powszechne Towarzystwo insurance corporations as well as pension funds Emerytalne S.A. that provide insurance protection (insurance – Powszechne Towarzystwo Emerytalne products) and fulfil their targets via an insurance Powszechnego Zakładu Ubezpieczeń corporation. These insurance corporations S.A. operate as joint-stock companies or as mutual – Poczta Polska Cardif (Grupa BNP insurance funds under the Insurance Act of Paribas) – Arka-Invesco 22 May 2003 (Official Journal of 2003, – Powszechne Towarzystwo Emerytalne No 124, item 1151, as amended). The sub- S.A sector also comprises institutions which aim at – Powszechne Towarzystwo Emerytalne collecting and investing funds to be paid out to Polsat S.A. their members when they reach retirement age, – SAMPO Powszechne Towarzystwo and which operate under the Act of 28 August Emerytalne S.A. 1997 on the organisation and operations of – Powszechne Towarzystwo Emerytalne pension funds (Official Journal of 2004, No Skarbiec-Emerytura S.A. 159, item 1667 as amended). – Winterthur Powszechne Towarzystwo Emerytalne S.A. Types of entities belonging to this sub-sector – GENERALI Powszechne Towarzystwo (illustrative list): Emerytalne S.A. • Insurance corporations: • Hire-purchase institutions – Pierwsze Amerykańskie Towarzystwo Ubezpieczeń na Życie i Reasekuracji • Asset management companies AMPLICO Life S.A. – Wintherthur Życie Towarzystwo • Związek Banków Polskich (Polish Bankers’ Ubezpieczeń S.A. Association) – Sopockie Towarzystwo Ubezpieczeń na Życie Ergo Hestia S.A. • Krajowa Spółdzielcza Kasa – PRAMERCIA Życie Towarzystwo Oszczędnościowo-Kredytowa (National Ubezpieczeń Ubezpieczeń i Reasekuracji Credit Union) S.A. – Towarzystwo Ubezpieczeń na Życie • Representative offices of foreign banks. WARTA S.A. – Commercial Union Polska Towarzystwo Ubezpieczeń na Życie S.A. – ING Nationale-Nederlanden S.A. Towarzystwo Ubezpieczeń na Życie

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 162 March 2007 POLAND – Towarzystwo Ubezpieczeniowe Allianz Types of entities belonging to this sub-sector Polska S.A. (illustrative list): – GENERALI Polska Towarzystwo Ubezpieczeń S.A. • State-owned enterprises operating under the – GERLING Polska Towarzystwo Act of 25 September 1981 on state-owned Ubezpieczeń S.A. enterprises (Official Journal 2002 No 112, – Powszechny Zakład Ubezpieczeń S.A. item 981 as amended), and state-owned – CitiInsurance Polska Towarzystwo companies in which: Ubezpieczeń na Życie S.A. – UNIQA Towarzystwo Ubezpieczeń na a) The State Treasury holds at least 50% of Życie S.A. equity capital – UNIQA Towarzystwo Ubezpieczeń S.A. b) A state-owned enterprise holds at least 50% of equity capital • Open pension funds: – Allianz Polska Otwarty Fundusz c) The State Treasury enterprise holds at Emerytalny least 50% of equity capital – Bankowy Otwarty Fundusz Emerytalny – Otwarty Fundusz Emerytalny “DOM” d) The State Treasury, state-owned – Otwarty Fundusz Emerytalny Ergo enterprise and the State Treasury Hestia enterprise combined hold at least 50% of – Generali Otwarty Fundusz Emerytalny equity capital. – ING Nationale-Nederlanden Polska Otwarty Fundusz Emerytalny For example: – Nordea Otwarty Fundusz Emerytalny – Zakłady Tytoniowe w Lublinie SA – Pekao Otwarty Fundusz Emerytalny – PHZ BUMAR sp. z o.o. – Otwarty Fundusz Emerytalny – Katowicki Holding Węglowy S.A. Pocztylion. – Południowy Koncern Energetyczny S.A. w Katowicach Borderline cases: – Kopalnia Węgla Brunatnego Konin S.A. w Kleczewie The definition of an insurance corporation does – Zakłady Chemiczne POLICE S.A. not cover social security institutions (i.e. the – Poczta Polska PPUP (Polish Post Social Security Institution, the Agricultural Office) Social Insurance Fund, the National Healthcare Fund and the Labour Fund), which are included • Communal services under the “Social security funds” sub-sector, and units exercising supervision over insurance • Research and development units corporations and pension funds (the Financial Supervision Commission), which are classified • Agencies not listed as “Central government” under “Central government”. which meet the above criteria set for state- owned companies 3.3 NON-FINANCIAL CORPORATIONS • Private companies and cooperatives, i.e. Definition: Units whose principal activity is companies owned by private capital, as well the production and trade of goods and non- as those which do not meet the above criteria financial services. set for state-owned companies, plus all cooperatives and civil law companies, branches of foreign companies and

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 163 producers’ groups (illustrative examples managed by individuals, provided that they below): employ up to nine persons – Odlewnie Polskie S.A. – CONTRACUS sp. z o.o. • Farmers – individuals whose main source of – Sp. Mleczarskie MLEKOVITA income is farming, and whose activities are w Wysokiem Mazowieckiem not registered as a corporation, company or – ELANA S.A. w Toruniu producer group. – Bałtycki Terminal Zbożowy 3.4.2 NON-PROFIT INSTITUTIONS SERVING • Sole proprietors with more than nine HOUSEHOLDS employees Definition: Non-profit institutions which are separate legal entities and whose principal • Private healthcare institutions and private resources, apart from those derived from schools, provided that they are operated as occasional sales, are derived from voluntary a company or a cooperative contributions in cash or in kind from households, from payments made by general government, • Social building societies and from property income.

• Agencies not included under “Central Types of entities belonging to this sub-sector government” which do not meet the above (illustrative list): criteria set for state-owned companies. a) Trade unions 3.4 HOUSEHOLDS AND NON-PROFIT INSTITUTIONS SERVING HOUSEHOLDS b) Professional or learned societies and associations 3.4.1 HOUSEHOLDS – Fundacja na Rzecz Nauki Polskiej Definition: Individuals or groups of individuals – Fundacja Edukacji Europejskiej that consume and/or produce market goods and – Społeczne Towarzystwo Oświatowe services. The sector comprises: c) Consumers’ associations • Individuals – all individuals except those operating businesses and classified under – Urząd Ochrony Konkurencji i sole proprietors or farmers Konsumentów – Fundacja Instytutu Spraw This sub-sector also comprises: Obywatelskich

a) Employees’ savings and loans d) Political parties associations kept by employers e) Churches and religious societies b) School savings unions f) Voluntary fire services • Sole proprietors – individuals operating businesses and employing up to nine persons g) Funds and foundations serving households (e.g. free trades, provided that they conform to the above-mentioned conditions) h) Clubs for social, cultural, recreational and sporting activities This category also encompasses private healthcare institutions and private schools i) Condominiums

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 164 March 2007 POLAND j) Private healthcare institutions and private schools, provided that they are managed by churches or religious societies, foundations serving households, trade unions, professional self-governments and associations as well as other units included in the non-profit institutions sector k) Charities, relief and aid organisations financed by voluntary transfers in cash or in kind from other institutional units:

– Polski Czerwony Krzyż – Caritas Polska – Polska Akcja Humanitarna

A list of MFIs can be found on the homepage of the national central bank – Narodowy Bank Polski (National Bank of Poland) (www.nbp. pl).

4 ADDITIONAL SOURCES OF INFORMATION AND CONTACT PERSONS

A list of other entities supervised by the Polish Financial Supervisory Authority (insurance companies, investment funds and other investment firms, securities and derivatives dealers) is available on the homepage of the Financial Supervision Authority (www.knf. gov.pl).

Contact for information:

Any queries concerning the sectoral classification within the framework of money and banking statistics should be addressed to:

Ms Joanna Glowala Narodowy Bank Polski Department of Statistics ul. Swietokrzyska 11/21 00-919 Warszawa Tel.: +48 22 6531229 Fax: +48 22 6532291 E-mail: [email protected]

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 165 PORTUGAL

1 INTRODUCTION • “Private individuals”, which consist of ESA 95 sectors S.14 (“Households”) and S.15 1.1 GENERAL REMARKS (“Non-profit institutions serving households”). The main non-MFI sectors for Portuguese residents are the “General government” sector and the “Other residents” sector (which 1.2 KEY WORDS FOR SECTORISATION comprises the financial sector, excluding MFIs and the non-financial sector, other than the Câmara Municipal see “Local government” general government). Corretagem (dealer), Corretora (broker) => See “General government” is subdivided into: “OFIs”

• “Central government”, which comprises the Factoring, factor see “OFIs” general account of the state, central government autonomous funds and services, Fundo (fund) see “MFIs”, “General and non-profit institutions serving the government”, “OFIs” and “Insurance central government corporations and pension funds”

• “State government”, which includes regional Junta de Freguesia see “Local government” government Leasing see “OFIs” • “Local government” Misericórdia see “Central government” • “Social security funds” Mobiliário/Imobiliário see “OFIs” and “Non-financial corporations” The financial sector, excluding MFIs, is further subdivided into: Municipio(s) see “Local government”

• “Other financial intermediaries and financial Pensões (Pensions) see “OFIs”, “Insurance auxiliaries”, which includes “OFIs” and corporations and pension funds” and “Social ”Financial auxiliaries” (such as non-profit security funds” institutions serving financial institutions, and bodies regulating financial activities). Polis see “Local government” For money and banking statistics purposes, financial auxiliaries are classified under Serviço see “General government” “OFIs” SFAC see “OFIs”. • “Insurance corporations and pension funds” The names of Portuguese institutions often bear suffixes referring to their legal form. The Finally, the non-financial sector (other than the most common suffixes are presented below. general government) comprises: They are seldom found in the components of “General government”, “Households” or “Non- • “Non-financial corporations”, publicly and profit institutions serving households”. privately owned institutions, including non- financial quasi-corporations SA – Sociedade Anónima (Corporation) see “MFIs”, “OFIs” and “Non-financial corporations”

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 166 March 2007 PORTUGAL SGPS – Sociedade Gestora de Participações Types of entities belonging to this sub-sector Sociais (holding company) see “OFIs” (illustrative list): (financial holding companies) and “Non- financial corporations” (other holding • Administrações Regionais de Saúde companies) (regional health authorities)

Lda – Sociedade de Responsabilidade Limitada • Centros de Formação Profissional Públicos (limited liability company) see “OFIs” and (public centres for professional training) “Non-financial corporations” • Comissões de Coordenação Regional EP – Empresa Pública (public corporation) => See “Non-financial corporations” (this legal • Escolas Superiores Públicas (public colleges form is disappearing in line with the privatisation of higher education) process) • Hospitais Públicos (public hospitals) CRL/CRI – Cooperativa de Responsabilidade Limitada/Ilimitada (limited/unlimited liability • Institutos Politécnicos (polytechnic cooperative) see “Non-financial corporations” institutes) (these suffixes are found in non-financial cooperative companies, but they are also • Serviços de Acção Social (social services) associated with the caixas de crédito agrícola mútuo (mutual agricultural credit cooperatives), • Universidades Públicas (public which are classified as “MFIs”). universities).

Entities belonging to this sub-sector (illustrative 2 CLASSIFICATION OF ENTITIES BELONGING list): TO THE “GENERAL GOVERNMENT” SECTOR – Administração Regional de Saúde de Lisboa 2.1 CENTRAL GOVERNMENT e Vale do Tejo

Definition: All administrative bodies, the – Assembleia da República (Parliament) revenue and expenditure of which are exclusively recorded in the books of the general – Instituto Nacional de Estatística (INE) account of the state, as well as autonomous (National Statistical Institute) funds and services, which are entities with administrative and financial autonomy. The – ICEP Portugal latter are chiefly financed through state transfers and/or taxes earmarked for them. – EP – Estradas de Portugal (EPE) They are mainly engaged in the production of non-market goods and services, which are the – Santa Casa da Misericórdia de Lisboa (see responsibility of the public administrations, borderline cases) and/or the implementation of state economic and social policy by means of the provision of – Universidade dos Açores (Azores University financial support. This also includes non-profit – see borderline cases). institutions, which are mainly engaged in the production of non-market goods and services, Borderline cases: controlled and chiefly financed by the above- mentioned entities. The Departamento de Jogos da Santa Casa da Misericórdia de Lisboa, which comprises the

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 167 national lotto game, football pools and national Borderline cases: lottery, is classified as a non-financial quasi- corporation. Despite their location, the universities of Madeira and the Azores are classified as The Instituto Nacional de Habitação (National “Central government”. Housing Institute) is classified within “OFIs”. 2.3 LOCAL GOVERNMENT Despite their location, the universities of Madeira and of the Azores are also classified as Definition: The local decision-making bodies “Central government”. and other entities included in public administrations, the activities of which are 2.2 STATE GOVERNMENT carried out at the local level, as well as non- profit institutions which are mainly engaged in Definition: This sector comprises the bodies of the production of non-market goods and the regional governments of Madeira and of the services, and which are controlled and chiefly Azores and all other entities belonging to public financed by such bodies. administrations with regional decision-making power. Also included are non-profit institutions Types of entities belonging to this sub-sector which are mainly engaged in the production of (illustrative list): non-market goods and services, and which are controlled and chiefly financed by such • Assembleias Municipais bodies. • Assembleias Distritais Types of entities belonging to this sub-sector (illustrative list): • Associações de Municípios

• Fundos e Serviços Regionais (regional • Câmaras Municipais autonomous funds and services) • Juntas de Freguesia • Institutos Regionais Públicos (regional public institutes). • Juntas de Turismo

Entities belonging to this sub-sector (illustrative • Regiões de Turismo. list): Entities belonging to this sub-sector (illustrative – Fundo Madeirense do Seguro de Colheitas list):

– Fundo Regional de Acção Cultural – Área Metropolitana de Lisboa (Açores) – Área Metropolitana do Porto – Instituto do Bordado, Tapeçarias e Artesanato da Madeira – Câmara Municipal de Lisboa

– Instituto do Vinho da Madeira – Câmara Municipal do Porto

– Serviço Regional de Proteção Civil dos – Região de Turismo do Algarve. Açores – SRPCA (Açores).

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 168 March 2007 PORTUGAL 2.4 SOCIAL SECURITY FUNDS Types of entities belonging to this sub-sector (exhaustive list): Definition: Institutional units, whether or not they are central, regional or local, which are • Fundos de Investimento (mutual funds) engaged in granting social security benefits and which are funded by compulsory social • Fundos e sociedades de titularização de contributions made by other entities. créditos (securitisation funds and companies) Types of entities belonging to this sub-sector (illustrative list): • Instituições Financeiras de Crédito (financial credit companies) • Centros Distritais e Regionais de Segurança Social • Sociedades de Capital de Risco (risk capital companies) • Estabelecimentos Sociais com Autonomia Administrativa. • Sociedades de Desenvolvimento Regional (regional development companies) Entities belonging to this sub-sector (illustrative list): • Sociedades de Factoring (factoring companies) – Caixa Geral de Aposentações • Sociedades de Investimento (investment – Instituto de Gestão Financeira da Segurança companies) Social • Sociedades de Locação Financeira (financial – Casa Pia de Lisboa leasing companies)

– Centro Nacional de Pensões. • Sociedades Emitentes ou Gestoras de Cartões de Crédito (credit card-issuing or managing companies) 3 CLASSIFICATION OF ENTITIES BELONGING TO THE “OTHER RESIDENTS” SECTOR • Sociedades Financeiras de Corretagem (dealers) 3.1 OTHER FINANCIAL INTERMEDIARIES (OFIS) • Sociedades Financeiras para Aquisições a Definition: All resident companies and quasi- Crédito (SFAC) (credit-purchase financing corporations, which are mainly engaged in companies) financial intermediation (with the exception of MFIs, insurance companies and pension funds) • Sociedades de Garantia Mútua (mutual by means of incurring liabilities other than in guarantee companies) the form of deposits, which are then used for the purchase of other classes of financial assets. • Sociedades Gestoras de Participações The types of companies concerned are those Sociais (SGPS) (financial holding which normally conduct long-term financing companies, see borderline cases) activities. OFIs also comprise financial auxiliaries (see sub-section 3.1.1.). • Other financial intermediaries.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 169 Entities belonging to this sub-sector (illustrative • Sociedades Gestoras de Fundos de list): Investimento (mutual fund-managing companies) Please refer to the list for statistical purposes available on the Banco de Portugal’s website. • Sociedades Gestoras de Fundos de Pensões (pension fund-managing companies) Borderline cases: • Sociedades Gestoras de Fundos de Mutual funds classified as MMFs are not Titularização de créditos (securitisation included here, but are classified as MFIs and fund-managing companies) included in the list of MFIs • Sociedades Gestoras de Patrimónios The Instituto Nacional de Habitação (National (wealth-managing companies) Housing Institute) is classified under “OFIs” • Sociedades Mediadoras do Mercado Only Sociedades Gestoras de Participações Monetário e do Mercado de Câmbios Sociais (financial holding companies) which (foreign exchange and money market- are covered by Article 117-b of the “Credit mediating companies) Institutions and Financial Companies – Legal Framework” (Decree-Law No 298/92 of 31 • Other financial auxiliaries. December) are included here. Entities belonging to this sub-sector (illustrative 3.1.1 FINANCIAL AUXILIARIES list): Definition: Financial companies and quasi- corporations which are mainly engaged in Please refer to the list for statistical purposes conducting auxiliary financial activities, i.e. available on the Banco de Portugal website. activities closely related to financial intermediation, but which do not include the 3.2 INSURANCE CORPORATIONS AND PENSION function of financial intermediation. This sub- FUNDS sector also includes non-profit institutions with independent legal form, serving (monetary and Definition: Financial companies and quasi- non-monetary) financial institutions. corporations which are mainly engaged in the provision of financial intermediation services Types of entities belonging to this sub-sector as a result of short-term and long-term hedging, (exhaustive list): regardless of whether savings are included. These companies are subject to the supervision • Agências de Câmbios (bureaux de change) of the Instituto de Seguros de Portugal (Portuguese Insurance Institute). • Auxiliares de Seguros (insurance auxiliaries) Types of entities belonging to this sub-sector:

• Sociedades Administradoras de Compras • Sociedades de Seguros e Resseguros em Grupo (group-purchase managing (insurance and reinsurance corporations) companies) • Fundos de Pensões (pension funds). • Sociedades Corretoras (brokers)

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 170 March 2007 PORTUGAL Entities belonging to this sub-sector (illustrative Types of entities and entities belonging to this list): sub-sector (illustrative list):

• Sociedades de Seguros e Resseguros • Sociedades de Capital Público e Privado (insurance and reinsurance corporations): (public and private corporations): – AXA Portugal, Companhia de Seguros, – ANA – Aeroportos de Portugal, SA SA – EDP – Energias de Portugal, SA – Companhia de Seguros Fidelidade- – Metropolitano de Lisboa, EP Mundial, SA – Petróleos de Portugal - Petrogal, SA – Companhia de Seguros Tranquilidade – Portugal Telecom, SGPS, SA Vida, SA – SATA Air Açores – Sociedade Açoreana – Companhia Portuguesa de Resseguros, de Transportes Aéreos, SA SA – Empresas municipais – GAN Portugal Seguros, SA – Global – Companhia de Seguros, SA • Quase-sociedades não Financeiras (non- – Império Bonança, Companhia de financial quasi-corporations) Seguros, SA – Departamento de Jogos da Santa Casa da – MAPFRE Seguros Gerais, SA Misericórdia de Lisboa (see borderline – VICTORIA – Seguros de Vida, SA cases) – Instituto Nacional de Pilotagem dos • Fundos de Pensões (pension funds) Portos – Fundo de Pensões Banco de Portugal – Laboratório Nacional de Engenharia – Fundo de Pensões Brisa Civil – Fundo de Pensões Grupo EDP – Oficinas Gerais de Material de – Fundo de Pensões Montepio Geral Engenharia – Fundo de Pensões Petrogal – Serviços Municipalizados – Fundo de Pensões Portucel. • Sociedades Cooperativas (cooperative Borderline cases: corporations)

Insurance auxiliaries are classified as financial • Sociedades Gestoras de Participações auxiliaries within “OFIs”. Sociais (non-financial holding corporations – see borderline cases) 3.3 NON-FINANCIAL CORPORATIONS – CIMPOR – Cimentos de Portugal, SGPS, SA Definition: Publicly and privately owned – Mota-Engil, SGPS, SA companies and quasi-corporations, the financial – Modelo Continente, SGPS, SA and distributive operations of which are distinct – Sonae Industria, SGPS, SA. from those carried out by their owners. Their main activity is the production of market goods Borderline cases: and/or non-financial services. This sub-sector also includes non-profit institutions with Sociedades Gestoras de Participações Sociais independent legal status which serve non- (financial holding companies) covered by financial corporations and which are mainly Article 117-b of the “Credit Institutions and engaged in the production of market goods and Financial Companies – Legal Framework” non-financial services. (Decree-Law No 298/92) are classified as “OFIs”.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 171 The Departamento de Jogos da Santa Casa da Types of entities belonging to this sub-sector Misericórdia de Lisboa, which comprises the (illustrative list): national lotto game, football pools and the national lottery, is classified as a non-financial • Associações de consumidores (consumer quasi-corporation. associations)

Some state bodies, owing to their market- • Associações profissionais ou científicas oriented nature, are classified here as non- (professional or scientific associations) financial quasi-corporations. • Clubes culturais, recreativos ou desportivos 3.4 HOUSEHOLDS (cultural, recreational or sports clubs)

Definition: Individuals or groups of individuals • Fundações (private foundations) seen as consumers and, where applicable, as self-employed workers responsible for the • Igrejas ou congregações religiosas (churches production of either financial services or and religious assemblies) market goods and non-financial services, provided that, in the latter case, the • Partidos políticos (political parties) corresponding activities are not attributable to independent quasi-corporations. It also includes • Sindicatos (unions). individuals or groups of individuals engaged in the production of goods and non-financial Entities belonging to this sub-sector (illustrative services for their own use. list):

Borderline cases: – Fundação Calouste Gulbenkian

Also included here are those individuals who, – Sport Lisboa e Benfica under the provisions of Article 3 of Decree- Law No 323/95 of 29 November, are considered – União Geral de Trabalhadores. to be emigrants. Although Portuguese emigrants are non-residents, placements made by them in Borderline cases: the domestic monetary system are, for money and banking statistics purposes, treated as This sub-sector excludes institutions controlled corresponding placements made by residents in and mainly financed by the public sector, which the Portuguese economy (see borderline cases are classified as part of “General in the delimitation of the domestic area). government”.

3.5 NON-PROFIT INSTITUTIONS SERVING Charity, relief and aid agencies serving non- HOUSEHOLDS resident units are included here, and those entities providing members with a set package Definition: Non-profit private institutions with of services or goods are excluded. independent legal status, the main purpose of which is to produce non-market goods and services for households; the funding of such institutions, in addition to that resulting from occasional sales, is largely derived from voluntary contributions made by households as consumers, from public sector payments and from property income.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 172 March 2007 PORTUGAL 4 BORDERLINE CASES IN THE DELIMITATION These lists are periodically updated. OF THE DOMESTIC AREA Banco de Portugal The Portuguese territory comprises mainland Portugal, the Azores and Madeira. Macau Área de Estatísticas Monetárias e Financeiras (Macao) was administered by Portugal until e de Centralização de Responsabilidades de 19 December 1999, but has never been Crédito considered to be part of the Portuguese territory for statistical purposes. Av. Almirante Reis, 71 – 1150 Lisboa Tel.: +351-21-3130320 The national territory includes two offshore Fax: +351-21-3128477 centres, one located on the island of Santa E-mail: [email protected] Maria (Azores) and the other on Madeira. or [email protected]

International organisations which have their Comissão do Mercado dos Valores Mobiliários headquarters or representative office in Portugal (Stock Market Commission): are treated as non-residents. The Stock Market Commission provides Although emigrants are non-residents, their information on mutual funds and on accounts with the domestic monetary system securitisation funds and societies in operation. are treated as residents’ accounts for money and banking statistics purposes. Tel.: +351-21-3177000 Fax: +351-21-3537077/8

5 ADDITIONAL SOURCES OF INFORMATION Inspecção-Geral das Finanças: AND CONTACT PERSONS This organisation provides information on non- The following institutions publish or maintain financial public enterprises. lists of entities belonging to the Portuguese “Resident sector” (contact persons are listed): Tel.: +351-21-8113500 Fax: +351-21-8138742 Banco de Portugal: Instituto Nacional de Estatística (National The Banco de Portugal presents on its website Statistical Institute): lists of institutions for statistical purposes covering the following sectors: MFIs, other The Institute draws up a list of “Resident financial intermediaries, financial auxiliaries, sector” entities, which is particularly useful on insurance corporations and pension funds, and the classification of the “Non-financial general government. These lists are exhaustive sector”. for the MFIs and other financial intermediaries. For the remaining sectors the lists are as Tel.: +351-21-8426100 exhaustive as possible, taking into account the Fax: +351-21-8426380 available information within the Banco de Portugal’s Statistical Department.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 173 Instituto de Seguros de Portugal (Portuguese Insurance Institute):

This entity provides data on insurance companies and pension funds, pension fund management companies and insurance brokers.

Tel.: +351-21-7982818 Fax: +351-21-7954610 E-mail: [email protected]

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 174 March 2007 ROMANIA ROMANIA 1 INTRODUCTION Asociatii de consumatori (consumer associations), Sindicat (union) 1.1 GENERAL REMARKS Societate comerciala (commercial company); The Romanian sectoral classification of Furnizori de servicii (service providers) domestic non-MFIs can be divided into two categories: Actiuni (equity), Obligatiuni (bonds), Imobiliar (real estate), Financiar (financial), Credit de • “General government” consum (consumer credit)

• “Other residents”. Judet (county), Sector (sector), Oras (city), Comuna (village) The “General government” sector is broken down into: Bursa de valori (stock exchange).

• “Central government” 2 CLASSIFICATION OF ENTITIES BELONGING • “Local government” TO THE “GENERAL GOVERNMENT” SECTOR

• “Social security funds”. 2.1 CENTRAL GOVERNMENT

The “Other residents” sector is composed of Definition: Central bodies whose competence the following entities: extends normally over the whole economic territory, except for the administration of social • “Non-financial corporations” security funds. The information concerning the assets and liabilities of public authorities is • “Other financial intermediaries” included in this institutional sector.

• “Financial auxiliaries” Types of entities belonging to this sub-sector • “Insurance corporations and pension (illustrative list): funds” • The state: the presidential administration, • “Households” the Senate, chambers, etc.

• “Non-profit institutions serving • Central government organisations dealing households”. with the central administration

1.2 KEY WORDS FOR SECTORISATION • Museums (national)

Minister (ministry) • Police inspectorates

Central (central), Local (local), Regional • National agencies (regional)* • Research institutes Asigurare (insurance), Reasigurare (reinsurance), Sistem de pensii (pension • Sports and arts clubs scheme), Fond de pensii (pension fund)

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 175 • Hospitals and health institutes and Types of entities belonging to this sub-sector laboratories (illustrative list):

• State universities and academies • Councils and mayoralties of counties of Romania1 and their subordinated institutions • State operas, theatres, publishing houses, (hospitals, health centres, kindergartens, magazines. secondary schools, museums, publishing houses etc., social assistance and security Entities belonging to this sub-sector (illustrative institutions, local fiscal administrations, list): local health institutions administrations, local public property administrations) • Armed forces (including units, but not individuals, serving abroad) • General Council and Mayoralty of Bucharest, councils and mayoralties of Bucharest • Romanian Television Company and the administrative sectors and their subordinated Romanian Broadcasting Company institutions (as above)

• National Institute of Statistics • Local councils and mayoralties of towns and villages and their subordinated • State Treasury institutions (same as above).

• National Library Entities belonging to this sub-sector (illustrative list): • “I.L. Caragiale” National Theatre of Bucharest, State Opera of Bucharest • Local police forces

• Courts of justice • Social assistance and social security units

• Romanian Academy, Bucharest University, • Fiscal administrations Academy of Economic Studies • Secondary schools • National Art Museum. • Kindergartens 2.2 STATE GOVERNMENT • Schools Not applicable. • Universities 2.3 LOCAL GOVERNMENT • Local offices for public health. Definition: A public administration whose competence only extends over a local 2.4 SOCIAL SECURITY FUNDS administrative unit (commune, town/ municipality, county, sector, Bucharest Definition: Authorities that manage social municipality), apart from the local agencies of security funds (the public pension system and social security funds. other social security benefits, the Unemployment

1 The administrative territory of Romania is divided into 40 counties, plus the capital, Bucharest. Bucharest is also administratively split into six sectors.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 176 March 2007 ROMANIA Fund, the Health Insurance Fund, the Work Types of entities belonging to this sub-sector Accident and Professional Disease Insurance (illustrative list): Fund, etc.), as well as subordinated local agencies, regardless of their financing source. • Regies autonomes

Types of entities belonging to this sub-sector • National companies (illustrative list): • National corporations • Insurance companies • Private or public corporations • Financial groups specialised in insurance • Cooperatives • Private or privately administered pension funds. • Agricultural corporations

Entities belonging to this sub-sector (illustrative • Non-profit institutions serving non-financial list): corporations (employers’ associations, craftspeople’s associations, foundations, • National Department for Health Insurance, unions, etc.). together with the regional and Bucharest departments (health insurance schemes) Entities belonging to this sub-sector (illustrative list): • Health Insurance Department of Defence, Public Order, National Security and Judicial • Bucharest Regie autonome for Authorities (health insurance schemes) Transportation;

• Health Insurance Department of the Ministry • Regies autonomes for the transportation of of Transportation, Constructions and thermal energy Tourism (health insurance schemes) • Romanian Post (national company) • National Department for Pensions and Other Social Insurance Rights, together with the • National Administration for Water (a regional and Bucharest departments national company); (pensions and social assistance schemes) • Commercial companies • National Agency for Employment, together with the regional and Bucharest agencies Borderline case: and with the professional re-conversion centres. The Romanian National Company of Motorways and National Roads is included under the “Central government” sector. 3 CLASSIFICATION OF ENTITIES BELONGING TO THE “OTHER RESIDENTS” SECTOR 3.2 OTHER FINANCIAL INTERMEDIARIES, EXCEPT INSURANCE CORPORATIONS AND PENSION 3.1 NON-FINANCIAL CORPORATIONS FUNDS (OFIs)

Definition: Corporations and quasi-corporations Definition: Financial corporations and quasi- whose principal activity is to produce goods corporations whose principal activity is to and non-financial services for the market.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 177 provide financial intermediation services • Bureaux de change (except for those provided by MFIs) • Stock exchanges Types of entities belonging to this sub-sector (illustrative list): • Clearing houses

• Investment funds (either quoted or unquoted • Corporations dealing with investment on the stock exchange, investment management corporations, etc.); • Professional associations of financial • Financial vehicle corporations that have institutions been created to hold securitised assets • Insurance brokers; • Non-bank financial institutions (companies engaged in financial leasing, consumer • Corporations providing financial credit corporations, mortgage loan consultancy corporations, factoring corporations, mutual benefit societies, corporations with legal • Other financial auxiliaries whose activities status which issue credit/debit cards, are associated with financial microfinance corporations, loan guarantee intermediation. funds, etc.); Entities belonging to this sub-sector (illustrative • Financial investment services corporations list):

• Financial holding corporations. • Clearing, Settlement and Depository National Company Entities belonging to this sub-sector (illustrative list): • Bucharest Stock Exchange

• Leasing companies • Sibiu Monetary and Financial Stock Exchange • Investment funds • National Securities and Exchange • Factoring companies Commission

• Case de Ajutor Reciproc (mutual benefit • TransFonD clearing houses funds). • Romanian Banking Association 3.3 FINANCIAL AUXILIARIES • Insurance Supervisory Commission Definition: Financial corporations and quasi- corporations whose principal activity is to • Independent registers perform auxiliary financial activities. • Bank Deposit Guarantee Fund Types of entities belonging to this sub-sector (illustrative list): • Foreign exchange offices.

• Shareholder registers

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 178 March 2007 ROMANIA 3.4 INSURANCE CORPORATIONS AND PENSION • Individuals authorised to perform economic FUNDS activities

Definition: Financial corporations and quasi- • Individual private medical cabinets corporations which are principally engaged in financial intermediation as the consequence of • Lawyer’s private cabinets organised as the pooling of risks. individual cabinets, associates’ cabinets or professional civil companies. The cabinets Types of entities belonging to this sub-sector organised as limited responsibility (illustrative list): corporations are included in the “Non- financial corporations” sector • Insurance corporations • Household associations and individuals • Insurance holdings independently performing economic activities • Private or privately managed pension funds. • The self-employed and associations without legal status (other than quasi-corporations) Entities belonging to this sub-sector (illustrative which produce goods and services for the list): market

• Insurance companies. • Non-profit institutions without legal status serving households 3.5 HOUSEHOLDS • Institutionalised persons (in monasteries, Definition: Individuals or groups of individuals social security units, asylums, persons who are considered to be consumers of goods imprisoned for longer periods, etc.) and services, who share the same living accommodation, who pool some or all of their Borderline case: income and wealth, and who consume goods and services collectively and possibly produce Lawyers’ private cabinets organised as limited goods and/or non-financial services solely for responsibility corporations are included in the their own final use. This institutional sector “Non-financial corporations” sector. also comprises household associations and the self-employed, associations without legal status (other than quasi-corporations) which produce 3.6 NON-PROFIT INSTITUTIONS SERVING goods and services for the market, non-profit HOUSEHOLDS institutions without legal status serving households, and institutionalised persons (in Definition: Legal entities serving households monasteries, social security units, etc.). by providing non-market goods and services.

Types of entities belonging to this sub-sector Types of entities belonging to this sub-sector: (illustrative list): • Trade unions • Individuals or groups of individuals for whom consumption is their prime economic • Professional groups function and who produce goods/non- financial services exclusively for their own • Scientific societies final use

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 179 • Associations, foundations, federations and unions

• Churches and religious societies (including those financed but not controlled by the public administration)

• Clubs for social, cultural, recreational and sporting activities

• Charities, relief and aid organisations financed by voluntary transfers (in cash or in kind) from other undertakings.

Entities belonging to this sub-sector (illustrative list):

• Romanian Society for Natural History

• Women’s associations of Romania.

4 ADDITIONAL SOURCES OF INFORMATION AND CONTACT PERSONS

Additional sources of information:

National Institute of Statistics, “Sector Classification for the National Accounts”

National Bank of Romania, “Financial Accounts”

Contact person:

Ms Camelia Neagu National Bank of Romania 8 Doamnei Street S3 Bucharest Tel.: +40 021 307 0045 Fax: +40 021 312 7193 E-mail: [email protected]

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 180 March 2007 SLOVENIA SLOVENIA 1 INTRODUCTION • Non-MFIs or OFIs, which comprise: “OFIs, except insurance corporations and pension 1.1 GENERAL REMARKS funds” (mutual funds, investment funds and financial leasing companies), “Financial All business units in the Business Register of auxiliaries” (securities brokers, stock Slovenia (maintained by the Agency of the exchanges) and “Insurance corporations and Republic of Slovenia for Public Legal Records pension funds”. and Related Services) are classified into institutional sectors in line with the ESA 95, • “Households”: resident individuals as which has been used in Slovenia as a compulsory consumers and resident individuals as sole national statistical standard since 1998. proprietorships and partnerships, which are market producers and have no independent Domestic non-MFIs in Slovenia can be divided legal status. into two broader sectoral categories: • “Non-profit institutions serving households”: • “General government” clubs, political parties, trade unions, churches or religious societies, humanitarian • “Other residents”. and charity organisations, and professional societies. “General government” consists of “Central government” (administrative departments of 1.2 KEY WORDS FOR SECTORISATION state and central government agencies), “Local government” (local administration, local The institutions with the suffixes “d.d.” or agencies) and “Social security funds”. It “delniška družba” (a stock company) and includes the following institutional units: “d.o.o.” or “družba z omejeno odgovornostjo” (a limited liability company) should be • General government entities which classified in the “Corporate” sector, either as administer and finance a group of activities, non-financial or financial. principally providing non-market goods and services intended for the benefit of the The suffix “s.p.” means a sole proprietor, which community should be classified in the “Households” sector. • Non-profit institutions recognised as independent legal entities which are non- “Republika Slovenija” denotes an institution market producers and which are controlled belonging to the “Central government” sector. and mainly financed by the general government 2 CLASSIFICATION OF ENTITIES BELONGING • Autonomous pension funds, in which certain TO THE “GENERAL GOVERNMENT” SECTOR population groups are obliged to participate by law, and for which the general government 2.1 CENTRAL GOVERNMENT is responsible for management). Definition: “Central government” consists of The “Other residents” sector is composed of: the entities mainly financed from the central government budget, such as administrative • “Non-financial corporations”, legal persons departments, agencies and other entities which are market producers of goods and established by the central government in the non-financial services. field of education, health, culture, etc.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 181 Types of entities belonging to this sub-sector 2.3 LOCAL GOVERNMENT (illustrative list): Definition: Public administrations, the • Agencija Republike Slovenije competence of which only extends to local parts of the economic territory, apart from local • Republika Slovenija Upravna enota agencies of social security funds.

• Sklad Republike Slovenije “Local government” includes non-profit institutions which are controlled and mainly • Urad vlade Republike Slovenije financed by local government, whose competence is restricted to the economic • Zavod Republike Slovenije territory of the local government.

• Ministrstvo Types of entities belonging to this sub-sector (illustrative list): • Sodišče. • Krajevna skupnost Entities belonging to this sub-sector (illustrative list): • Mestna občina

– Dijaški dom Ptuj • Občina

– Ekonomska šola Kranj • Zdravstveni dom.

– Ministrstvo za notranje zadeve Entities belonging to this sub-sector (illustrative list): – Narodni muzej Slovenije – Center za socialno delo Koper – Okrožno sodišče v Mariboru – Gasilska brigada Ljubljana – Policijska uprava Celje – Glasbena šola Kranj – Slovenska akademija znanosti in umetnosti – Javni stanovanjski sklad mestne občine – Splošna bolnišnica Novo Mesto Murska Sobota

– Stanovanjski sklad Republike Slovenije – Mestna občina Nova Gorica

– Univerza v Ljubljani, Fakulteta za – Mestni muzej Ljubljana elektrotehniko – Osnova šola Franceta Prešerna Kranj – Zgodovinski arhiv Celje. – Sklad za razvoj obrti in podjetništva Celje 2.2 STATE GOVERNMENT – Slovensko narodno gledališče Nova Not applicable. Gorica.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classifi cation of customers 182 March 2007 SLOVENIA 2.4 SOCIAL SECURITY FUNDS • Investicijska družba

Definition: This sub-sector includes central • Leasing družba and local institutional units whose principal activity is to provide social benefits, provided • Vzajemni sklad. that certain groups of the population are obliged to participate by law and that the general Entities belonging to this sub-sector (illustrative government is responsible for the management list): of these institutions. – Aktiva AT, Finančna družba, d.o.o. Types of entities belonging to this sub-sector (illustrative list): – Ilirika DZU, Družba za upravljanje investicijskih skladov, d.o.o., Ljubljana • Pension schemes – Interra leasing, d.o.o. • Health insurance schemes. – KD ID, Investicijska družba, d.d. Entities belonging to this sub-sector (illustrative list): – Medvešek Pušnik, Družba za upravljanje, d.d. – Zavod za pokojninsko in invalidsko zavarovanje Slovenije, Ljubljana – NFD holding, Finančna družba d.d.

– Zavod za zdravstveno zavarovanje – Prvi faktor, Faktoring družba, d.o.o. Slovenije. – Porsche kredit in leasing SLO d.o.o., Leasing in posredovanje 3 CLASSIFICATION OF ENTITIES BELONGING TO THE “OTHER RESIDENTS” SECTOR – Triglav steber I, Delniška investicijska družba, d.d. 3.1 OTHER FINANCIAL INTERMEDIARIES (OFIs) – Vzajemni sklad Triglav renta. Definition: All financial corporations and quasi-corporations that are principally engaged 3.1.1 FINANCIAL AUXILIARIES in financial intermediation by incurring Definition: Financial corporations and quasi- liabilities in forms other than currency, deposits corporations that are principally engaged in and/or close substitutes for deposits from auxiliary financial activities, i.e. in activities institutional units other than MFIs, or insurance closely related to financial intermediation but technical reserves. which are not themselves defined as financial intermediation. Types of entities belonging to this sub-sector (illustrative list): Types of entities belonging to this sub-sector:

• Družba za upravljanje • Central supervisory authorities of financial intermediaries and financial markets • Faktoring družba (separate institutions)

• Finančna družba • Corporations providing infrastructure for financial markets

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 183 • Corporations providing stock exchange Entities belonging to this sub-sector (illustrative services list):

• Insurance brokers, salvage administrators, – Kapitalska družba pokojninskega in loss adjusters, insurance and pension invalidskega zavarovanja, d.d., Kapitalski consultants, etc. vzajemni pokojninski sklad

• Loan brokers, investment advisers, etc. – NLB vita, življenjska zavarovalnica d.d.

Entities belonging to this sub-sector (illustrative – Pozavarovalnica Sava d.d. list): – Skupna pokojninska družba d.d. – Agencija za trg vrednostnih papirjev – Vzajemna zdravstvena zavarovalnica, – BPH, borzno posredovanje in svetovanje, d.v.z. d.o.o. – Zavarovalnica Maribor Delniška zavarovalna – Ilirika borzno posredniška hiša d.d. družba

– Kdd – Centralna klirinško depotna družba – Zavarovalnica Triglav, d.d. delniška družba 3.3 NON-FINANCIAL CORPORATIONS – Ljubljanska borza vrednostnih papirjev d.d. Definition: Institutional units whose distributive and financial transactions are distinct from – Perspektiva d.d. borzno posredniška those of their owners and which are market družba producers, whose principal activity is the production of goods and non-financial – Plasis družba za plačilne sisteme d.o.o. services.

– Poteza, borzno posredniška družba, d.d. Types of entities belonging to this sub-sector (illustrative list): – Publikum borzno posredovanje, d.d. • Public and private corporations and quasi- 3.2 INSURANCE CORPORATIONS AND PENSION corporations. FUNDS Entities belonging to this sub-sector (illustrative Definition: All financial corporations and list): quasi-corporations that are principally engaged in financial intermediation as a consequence of • Public corporations: the pooling of risks. – Družba za avtoceste v Republiki Sloveniji d.d. Types of entities belonging to this sub-sector – Pošta Slovenije d.o.o. (illustrative list): – Holding slovenske železnice, d.o.o. – Adria Airways Slovenski letalski • Zavarovalnica (insurance corporations) prevoznik, d.d. – Aerodrom Ljubljana, d.d. • Pokojninski sklad (pension funds).

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classifi cation of customers 184 March 2007 SLOVENIA • Private corporations: • Non-profit institutions serving households – Adria Caravan d.o.o. which do not have independent legal status, – Engrotuš podjetje za trgovino, d.o.o. or those which do but are of minor – Gorenje gospodinjski aparati, d.d. importance. – Hermes Softlab programska oprema d.d. 3.5 NON-PROFIT INSTITUTIONS SERVING – Kolektor PRO Proizvodnja komutatorjev HOUSEHOLDS d.o.o. – Krka, tovarna zdravil, d.d. Definition: Non-profit institutions which are – Mladinska knjiga založba d.d. separate legal entities, which serve households – Pivovarna Laško, delniška družba and which are private other non-market – Trimo inženiring in proizvodnja producers. Their main resources, apart from montažnih objektov, d.d. those derived from occasional sales, are derived from voluntary contributions in cash or in kind Borderline cases: from households in their capacity as consumers, from payments made by general government Not applicable. and from property income.

3.4 HOUSEHOLDS Types of entities belonging to this sub-sector (illustrative list): Definition: Individuals or small groups of individuals as consumers and possibly also as • Trade unions entrepreneurs producing market goods and non-financial and financial services provided • Professional or learned societies that, in the latter case, the corresponding activities are not those of separate entities • Consumers’ associations treated as quasi-corporations. This category also includes individuals or groups of • Political parties individuals as producers of goods and non- financial services exclusively for their own • Churches or religious societies (including final use. those financed but not controlled by governments) Types of entities belonging to this sub-sector: • Clubs for social, cultural, recreational and • Individuals or groups of individuals whose sporting activities principal function is consumption • Charities, relief and aid organisations • Persons permanently living in institutions financed by voluntary transfers in cash or in who have little or no autonomy of action or kind from other institutional units. decision in economic matters Entities belonging to this sub-sector (illustrative • Individuals or groups of individuals whose list): principal function is consumption and who produce goods and non-financial services – Akademski pevski zbor Tone Tomšič exclusively for their own final use študentske organizacije Univerze v Ljubljani, Kulturno društvo • Sole proprietors and partnerships without independent legal status (and are not quasi- – Atletski klub Velenje corporations) that are market producers.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 185 – Alpinistični klub Maribor Contact persons:

– Avto-moto zveza Slovenije Any queries regarding the sectoral classification within the framework of money, financial – Balonarski klub Ljubljana institutions and markets should be addressed by e-mail to: – Celjsko ekološko društvo OFS – [email protected] Banka Slovenije – Društvo ekonomistov Ljubljana Finančna statistika

– Gorska reševalna služba – društvo Ljubljana

– Rokometni klub Celje Pivovarna Laško

– Zveza svobodnih sindikatov Slovenije – ZSSS

– Župnija Škofja Loka.

4 BORDERLINE CASES IN THE DELIMITATION OF THE DOMESTIC AREA

Not applicable.

5 ADDITIONAL SOURCES OF INFORMATION AND CONTACT PERSONS

Additional sources of information:

Official current monthly classifications of resident institutional business units can be downloaded from:

http://www.ajpes.si/dokumenti/dokument. asp?id=648

(in the file: Sifrant_SKIS_dd.mm.yyyy.zip).

This file is provided by the Agency of the Republic of Slovenia for Public Legal Records and Related Services (AJPES).

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classifi cation of customers 186 March 2007 SLOVAKIA SLOVAKIA 1 INTRODUCTION 1.2 KEY WORDS FOR SECTORISATION

1.1 GENERAL REMARKS Spol s.r.o., spoločnosť s ručením obmedzeným (limited company) see “Non-financial The classification of institutional sectors in corporations” Slovakia is based on the ESA 95. The national application of the classification is established a.s., akciová spoločnosť see “Non-financial by the Statistical Office of the Slovak Republic corporations” under Regulation No 44/2000 Coll., the Act of the Slovak National Council (SNC) No 322/ v.o.s., verejná obchodná spoločnosť (public 1992 on Official Statistics in the wording of limited company) see “Non-financial later regulations. The classification is provided corporations” through the institutional units, which are separated into legal entities, natural persons š.p., štátny podnik (state-owned company) and households. see “Non-financial corporations”

The main domestic non-MFIs can be broadly o.p.f., otvorný podielový fond (open-end fund) split into two categories: see “Other financial intermediaries”

• “General government” u.p.f., uzavretý podielový fond (closed-end fund) see “Other financial intermediaries” • “Other residents”. d.s.s., dôchodková správcovská spoločnosť The “General government” sector consists of (pension asset management company) see central government bodies, local government “Other financial intermediaries”. as well as the social securities funds.

The “Other residents” sector is composed of 2 CLASSIFICATION OF ENTITIES BELONGING the following: TO THE “GENERAL GOVERNMENT” SECTOR

• “Other financial intermediaries” Definition: The “General government” sector includes all institutional units which are non- • “Financial auxiliaries”, which are identified market producers whose output is intended for separately in the Slovak economy. In the individual and collective consumption, and area of money and banking statistics which are mainly financed by compulsory reported by the EU, Member States are payments made by units belonging to other classified as “OFIs”. sectors, and/or all institutional units principally engaged in the redistribution of national income • “Insurance corporations and pension and wealth. The sector includes the following funds” sub-sectors: “Central government”, “State government”, “Local government” and “Social • “Non-financial corporations securities funds”.

• “Households” 2.1 CENTRAL GOVERNMENT

• “Non-profit institutions serving Definition: This sub-sector includes all the households”. administrative departments of Slovakia, other central agencies, budgetary and non-budgetary organisations, and state-specific funds. Also

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 187 included in “Central government” are those – Správa štátnych hmotných rezerv non-profit institutions which are controlled and (Administration of Tangible State mainly financed by the central government, the Reserves) competence of which extends over the entire economic territory. The State Treasury is also – Štátna pokladnica (State Treasury) included in this sub-sector (Act No 291/2002, Coll.). – Ústav pamäti národa (Nation’s Memory Institute) Types of entities belonging to this sub-sector (illustrative list): – Úrad práce, sociálnych vecí a rodiny (Office of Labour, Social Affairs and Family) • Government departments (Ministerstvá) – Okresný súd (district court) • Legislative bodies – Krajský úrad (regional authority) • Constitutional bodies – Najvyšší súd SR (Supreme Court) • Educational Institutions – Štátny ústav pre kontrolu liečiv • Scientific and cultural institutions – Slovenská národná galéria • Government agencies – Fyzikálny ústav SAV • Health institutions and authorities – Nemocnica s poliklinikou • The armed forces. – Detský domov Entities belonging to this sub-sector (illustrative list): – Gymnázium a Osemročné gymnázium

– Kancelária Národnej rady Slovenskej – Univerzita Komenského republiky (Office of the National Council) – Rímskokatolícka Cyrilometodská – ÚRAD VLÁDY Slovenskej republiky bohoslovecká fakulta UK (Slovak Republic Government Office) – Vojenský technický ústav Vyššia vojenská – Kancelária prezidenta SR (Slovak Republic’s prokuratúra Správa finančnej kontroly President’s Office) – Agentúra na podporu výskumu a vývoja – Ministerstvo financií SR (Ministry of Finance) – Železničná polícia

– Fond národného majetku (National Property – Colné riaditeľstvo Slovenskej republiky Fund) – Fond sociálneho rozvoja – Pozemkový fond (Land Fund) – Fond národného majetku

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 188 March 2007 SLOVAKIA – Agentúra pre rozvoj a vzdelávania so – Základné školy (elementary schools), zameraním na oblasť cestovného ruchu. Gymnáziá (secondary schools, high schools) 2.2 STATE GOVERNMENT – Športové kluby. Not applicable. 2.4 SOCIAL SECURITY FUNDS 2.3 LOCAL GOVERNMENT Definition: This sub-sector includes all central, Definition: Public administrations, the state and local institutions whose principal competence of which only extends to a activity is to provide social benefits, with geographical area of the economic territory. population being obliged either to participate “Local government” includes non-profit in the scheme or to pay contributions. The institutions controlled and mainly financed by general government is responsible for the a local government body, the competence of management of such funds independently of its which is restricted to the economic territory of own role as supervisor or employer. the local government. Types of entities belonging to this sub-sector The sub-sector includes municipal, city and (illustrative list): local authorities and organisations. • Health insurance companies Types of entities belonging to this sub-sector (illustrative list): • Social insurance companies

• Municipally owned organisations • National employment agencies.

• Educational and health institutions financed Entities belonging to this sub-sector (illustrative by local government list):

• Public transportation – Zdravotné poisťovne (health insurance company) • Police forces. – Sociálna poisťovna (social insurance Entities belonging to this sub-sector (illustrative company) list): – Národný úrad práce (national employment – Miestne úrady agency)

– Mestské kultúrne strediská 3 CLASSIFICATION OF ENTITIES BELONGING – Družstevný klub TO THE “OTHER RESIDENTS” SECTOR

– Mestská časť Bratislava – Ružinov 3.1 OTHER FINANCIAL INTERMEDIARIES (OFIS)

– Domovy dôchodcov a domov sociálnych Definition: All financial corporations and služieb (retirement and social services quasi-corporations which are principally homes) engaged in financial intermediation by incurring liabilities in forms other than currency, deposits and/or close substitutes for deposits from

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 189 institutional units other than MFIs, or insurance – PROFIREAL SLOVAKIA, spol. s r.o. technical reserves. (consumer credit) – OB HELLER Factoring, a.s. (factoring) Types of entities belonging to this sub-sector – Transfinance Slovakia, a.s. (factoring) (illustrative list): – VÚB Factoring, a.s. (factoring)

• Investment funds other than MMFs (bond • Securities and derivatives dealers funds, equity funds, mixed funds, funds-of- – BROKERSKÝ DOM, o.c.p., a.s. funds) – CAPITAL INVEST, o.c.p., a.s. – Money Market Brokers, o.c.p., a.s. Open-end, closed-end and special funds are – PORTFIN, o.c.p., a.s. included. – SLÁVIA CAPITAL, o.c.p., a.s. – V BROKERS, o.c.p., a.s. • Corporations engaged in lending (financial leasing companies, consumer credit • Financial holding corporations companies, factoring companies) – Consumer Finance Holding, a.s.

• Securities and derivatives dealers (acting 3.1.1 FINANCIAL AUXILIARIES for customers as well as on their own Definition: All financial corporations and account) quasi-corporations which are principally engaged in auxiliary financial activities. • Financial holding corporations. Type of entities belonging to this sub-sector: Entities belonging to this sub-sector (illustrative list): • Corporations providing the infrastructure for financial markets • Investment funds – AIG Funds Central Europe správ. spol., • Corporations providing stock exchange and a.s. insurance exchange – Príjmový dlhopisový, o.p.f. – Asset Management Slovenskej Sporiteľne • Insurance brokers, insurance and pension správ. spol., a.s. Institucionálny II, s.p.f. consultants, etc. – Tatra Asset Management správ. spol., a.s., Americký akciový, o.p.f. • Loan brokers, investment advisers, etc. – VÚB Asset Management správ. spol., a.s. , Dlhopisový Eurofond, o.p.f. • Managers of pension and mutual funds, – Prvá Penzijná správ. spol., a.s., Eurotech etc. u.p.f. Entities belonging to this sub-sector (illustrative • Corporations engaged in lending list): – B.O.F., a.s. (financial leasing) – CAC Leasing Slovakia, a.s. (financial • Stock exchanges leasing) – Burza cenných papierov v Bratislave, – ČSOB Leasing, a.s. (financial leasing) a.s. – CETELEM SLOVENSKO, a.s. – Komoditná burza Bratislava, a.s. (consumer credit) – Home Credit, a.s. (consumer credit)

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 190 March 2007 SLOVAKIA • Other entities Types of entities belonging to this sub-sector – Centrálny depozitár cenných papierov (exhaustive list): SR, a.s. – Young & Freeman Group, spol. s r.o. • Public companies – enterprises that are – Pro Partners, a.s under state control (energy, transport, gas, – Capital Partners, o.c.p., a.s. post, water, telecommunication, hospitals, – SAROR poistný maklér, spol. s r.o. etc.) – UNIVERSAL maklérsky dom a. s. • Private companies – firms that are in private 3.2 INSURANCE CORPORATIONS AND PENSION ownership (cooperatives, trades, industry, FUNDS etc.)

Definition: All financial corporations and • Companies under foreign control. quasi-corporations that are principally engaged in financial intermediation as a consequence of Entities belonging to this sub-sector (illustrative the pooling of risks. list):

Types of entities belonging to this sub-sector • Public companies (illustrative list): – Rudné bane, š.p. Banská Bystrica – SEP – Elektrárne Nováky, koncernový • Insurance corporations, including those podnik institutions specialising in accident, injury – Západoslovenské vodárne a kanalizácie, and life insurance, and reinsurance. š.p. – Slovenský plynárenský priemysel, a.s. • Pension funds – ISTROMEX, a.s. – Slovenská Pošta, a.s. Entities belonging to this sub-sector (illustrative – Slovensk Telekom, a.s. list): – TRANSPETROL, a.s. – Železnice Slovenskej republiky – VÚB Generali d.s.s., a.s – Slovenské elektrárne, a.s. – Nákladná automobilová doprava a.s. – Sympatia – Pohoda, d.s.s., a.s. – Slovenská autobusová doprava Bratislava, a.s. – Wüstenrot poisťovňa, a.s. – Stredoslovenská vodárenská prevádzková spoločnosť, a.s. – UNION poisťovňa, a.s. • Private companies 3.3. NON-FINANCIAL CORPORATIONS – COOP – JEDNOTA, Slovensko, spotrebné družstvo Definition: Public and private limited companies – Stavebné bytové družstvo and other incorporated bodies which are not – INTEREXPORT, spol. s r.o. classified as financial corporations, as well as – MILEX PROGRES a.s. quasi-corporations engaged principally in non- – Tesla Stropkov a.s. financial activities; public sector corporations – OSRAM Slovakia, a.s. are also included. These are classified as – RONA CRYSTAL, a.s. resident institutional entities, which mainly – TATRAVAGÓNKA a.s. produce and sell goods or non-financial – Orange Slovensko, a.s. marketable services with the objective of – Lidl Slovenská republika, v.o.s. generating profit. – Východoslovenská energetika a.s.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 191 • Companies under foreign control derive, for instance, from occasional sales, – Siemens Program and Systems voluntary contributions, occasional financing Engineering s.r.o. by the general government and property – EUREST, spol. s r.o. income. This category also includes unions and – COCA-COLA BEVERAGES organisations, the expenses of which are SLOVAKIA, s.r.o. entirely or partially covered by membership – Kraft Foods Slovakia, a.s. contributions. – Nestlé Slovensko s.r.o. – SkyEurope Airlines, a.s. Types of entities belonging to this sub-sector (illustrative list): 3.4 HOUSEHOLDS • Trade unions Definition: All individuals or groups of individuals that act as consumers; producers of • Political parties goods and non-financial services exclusively intended for their own final consumption; and • Non-commercial foundations small-scale market producers (such as sole proprietorships and partnerships without • Churches or religious societies independent legal status, usually drawing on own labour and financial resources). • Labour unions

Types of entities belonging to this sub-sector • Societies not deemed to be business (illustrative list): organisations

• Individuals or group of individuals whose • Charities, relief and aid organisations principal function is consumption. • Schools, colleges • Natural persons – all individuals or partnerships without independent legal • Professional or learned societies status other than those treated as quasi- corporations, which are market producers • Social, cultural, recreational and sports liable to VAT regulations. clubs.

• Trade business – natural persons active as Entities belonging to this sub-sector (illustrative producers of goods, retail traders, list): construction workers, farmers, lawyers, members of the medical profession, notaries, Dobrovoľná požiarna ochrana SR security guards, doctors, natural persons other than independent market producers, Slovenský rybársky zväz, RADA plus a variety of freelance professions. Slovenský ochranný zväz autorský pre práva 3.5 NON-PROFIT INSTITUTIONS SERVING k hudobným dielam (SOZA) HOUSEHOLDS Fond výtvarných umení Definition: Separate legal institutional units which are principally engaged in serving Kresťanskodemokratické hnutie particular groups of households either at a price that does not cover the expense or is even free Únia nevidiacich a slabozrakých Slovenska of charge, and the main resources of which

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 192 March 2007 SLOVAKIA SLOVENSKÝ FUTBALOVÝ ZVÄZ For futher information, please contact:

Evanjelické lýceum v Bratislave Statistical Office of the Slovak Republic Miletičova 3 Telovýchovná jednota Kamenár 824 67 Bratislava Tel.: +421 2 50236 427 Spojená škola sv. Jána Bosca. Fax: +421 2 55561541 E-mail: [email protected]

4 BORDERLINE CASES IN THE DELIMITATION OF THE DOMESTIC AREA

Not applicable.

5 ADDITIONAL SOURCES OF INFORMATION AND CONTACT PERSONS

Additional sources of information:

An exhaustive list of Slovak entities is available from Národná banka Slovenska (the National Bank of Slovakia). The contents and administration is exclusively under responsibility of the Statistical Office of Slovakia.

Data on the registered entities can be obtained from the internet at http:/www.statistics.sk

Contact for information:

Any request concerning the sectoral classification within the framework of money and banking statistics should be addressed to:

Národná banka Slovenska Statistics Department Imricha Karvaša 1 813 25 Bratislava 1 Slovak Republic Ms Ivana Brziakova Mr Karol Machacek Tel.: +421 2 5787 2671 E-mail: [email protected] [email protected]

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 193 FINLAND

1 INTRODUCTION Säätiö, yhdistys (trust/fund, association) see “Non-profit institutions serving 1.1 GENERAL REMARKS households”

In Finland the classification of institutional Vakuutusyhtiö (insurance company) see sectors is based on the ESA 95. The Finnish “Insurance corporations”. application of the classification is documented in “Sektoriluokitus 2000 (Handbooks 5)”, which was published by Statistics Finland in 2 CLASSIFICATION OF ENTITIES BELONGING May 2000. TO THE “GENERAL GOVERNMENT” SECTOR

The main sectors are “General government” 2.1 CENTRAL GOVERNMENT and “Other residents”. In the euro area money and banking statistics, “General government” Definition: All institutional units that are is broken down into “Central government”, financed via the central government budget: “Local government” (including the regional ministries, state administrative departments government of the Åland Islands) and “Social and government institutions. A further security funds”. The “State government” sector separation is made into administrative districts is not applicable in Finland. In euro area money that do not have the right to levy taxes and thus and banking statistics, the financial corporations do not have their own budgets or financial in the “Other residents” sector are divided into autonomy, and those that do. Provincial “OFIs” (including “Financial auxiliaries”) and governments are financed by the central “Insurance corporations and pension funds”. government and thus do not act independently “Financial auxiliaries” are thus included in on the capital markets. “OFIs” for euro area money and banking statistics purposes. Outside the government budget, “Central government” includes extra-budgetary funds. Finland is officially a bilingual country, which Some of these entities may raise funds means that the names of institutional units may independently on the capital markets. be given in either Finnish or Swedish. The majority of the names are given in Finnish. Types of entities and entities actually belonging to this sub-sector (illustrative list): 1.2 KEY WORDS FOR SECTORISATION • Budjetin ulkopuolinen rahasto (extra- Eläkesäätiö (pension foundation) see “Social budgetary funds) security funds” – Asuntorahasto (Housing Fund of Finland) Kaupunki, kunta (city, municipality) see – Valtion eläkerahasto (State Pension “Local government” Fund) – Valtion vakuusrahasto (Government Osakeyhtiö, Oy/Oyj/Ab/Abp (limited company, Guarantee Fund) Ltd – excluding financial corporations) see “Non-financial corporations” • Lääninhallinto (provincial government)

Suomen valtio (Republic of Finland) see • Valtiokonttori (State Treasury) “Central government” • Yliopisto (universities).

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 194 March 2007 FINLAND Borderline cases: – Pohjois-Pohjanmaan liitto (Regional Council of Northern Ostrobothnia) Unincorporated state-owned enterprises which – Samkommunen för Kronoby are market producers principally engaged in folkhögskola the production of goods and the provision of – Södra Ålands högstadiedistrikt. non-financial services are included in “Non- financial corporations”. Borderline cases:

2.2 STATE GOVERNMENT Municipally owned enterprises which are market producers principally engaged in the Not applicable. production of goods and the provision of non- financial services are included in “Non- 2.3 LOCAL GOVERNMENT financial corporations”. The regional government of the Åland Islands has its own Definition: All institutional units that are sub-sector. The Åland Islands are distinct from financed by municipal budgets or joint other administrative districts in that they have municipal bodies, i.e. municipal offices and administrative and financial autonomy and thus institutions. Municipalities have the right to have the right to levy taxes. levy taxes and thus have their own budgets. A joint municipal body may be established to 2.4 SOCIAL SECURITY FUNDS manage the shared permanent tasks of municipalities. Single municipal offices or Definition: All institutional units, the principal institutions do not act independently on the purpose of which is to provide social benefits capital markets. The regional government of (transfers) as decreed by law. In Finland, this the Åland Islands is an autonomous institutional includes employment pension institutions, unit and thus comprises its own sub-sector. pension funds and pension foundations (with the exception of the State Pension Fund), plus Types of entities and entities actually belonging unemployment funds. It may be presumed that, to this sub-sector (illustrative list): of the aforementioned entities, employment pension institutions in particular will mainly • Ahvenanmaan maakuntahallinto/Ålands operate in the capital markets as suppliers of landskapstyrelse (the regional government funds. of the Åland Islands) Types of entities belonging to this sub-sector • Kaupunki (cities and towns) (illustrative list): – Helsingin kaupunki (City of Helsinki) – Turun kaupunki (City of Turku) • Eläkekassa (pension funds)

• Kunta (municipalities) • Eläkesäätiö (pension foundations) – Sammatin kunta (Municipality of Sammatti) • Eläkevakuutusyhtiö (pension insurance companies) • Kuntayhtymä (joint municipal bodies) – Etelä-Savon sairaanhoitopiiri • Muu eläkelaitos (other pension kuntayhtymä institutions) – Pääkaupunkiseudun yhteistyövaltuuskunta – YTV (Helsinki • Työttömyyskassa (unemployment funds). Metropolitan Area Council (YTV))

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 195 Entities belonging to this sub-sector (illustrative sector for euro area money and banking list): statistics.

– Keskinäinen Eläkevakuutusyhtiö Ilmarinen Types of entities belonging to this sub-sector (Ilmarinen Mutual Pension Insurance (illustrative list): Company) • Sijoitusrahasto (mutual funds) – Keskinäinen vakuutusyhtiö Varma (Varma Mutual Pension Insurance Company) • Pääomasijoittajat (venture capital fund companies) – Kansaneläkelaitos KELA (Social Insurance Institution of Finland SII) • Muu rahoitusta välittävä yritys (corporations engaged in lending) – Keskon eläkekassa (Kesko Pension Fund) • Omaisuudenhoitoyhtiö (asset management – Kuntien eläkevakuutus (The Finnish Local companies) Government Pensions Institution) • Omistusyhteisö (financial holding – Eläkevakuutusosakeyhtiö Veritas (Veritas corporations) Pension Insurance Company Ltd) • Vienti/tuontirahoitusyhtiö (export/import – Rakennusalan työttömyyskassa financing companies) (Construction Industry Unemployment Benefit Fund) • Kehitysluottopankki (development banks)

– Työttömyysvakuutusrahasto • Kehityspääomayhtiö (development capital (Unemployment Insurance Fund). companies).

Borderline cases: Entities belonging to this sub-sector (illustrative list): Organisations that only handle voluntary and not statutory individual employment pension – Sijoitusrahasto Evli Finland Mix (Mutual insurance policies are included in “Insurance Fund Evli Finland Mix) corporations and pension funds”. – CapMan Mezzanine IV

3 CLASSIFICATION OF ENTITIES BELONGING – GE-Money Oy TO THE “OTHER RESIDENTS” SECTOR - AB Plus-Leasing Oy 3.1 OTHER FINANCIAL INTERMEDIARIES (OFIS) – VFS Finland Ab Definition: All financial corporations and quasi-corporations, other than MFIs and – American Express Service Europe Limited, “Insurance corporations and pension funds”, filial – sivuliike that are principally engaged in financial intermediation by incurring liabilities – Sampo Oyj principally in forms other than receiving deposits and/or close substitutes for deposits. – Finnvera Oyj Financial auxiliaries are classified under this

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 196 March 2007 FINLAND – Suomen Vientiluotto Oy (Finnish Export Entities belonging to this sub-sector (illustrative Credit Ltd) list):

– Omaisuudenhoitoyhtiö Arsenal Oy (Asset – Evli Rahastoyhtiö Oy (Evli Fund Management Company Arsenal Ltd). Management Company Ltd)

Borderline cases: – ICECAPITAL pankkiirikiike Oy (ICECAPITAL Securities Ltd) Entities engaged in financial intermediation which offer services to banks and other financial – ICECAPITAL Varainhoito Oy (ICECAPITAL institutions are included in this sub-sector as Asset Management Ltd) “Financial auxiliaries” (see sub-section 3.1.1). Holding companies are classified as other – OMX Exchanges Oy financial intermediaries, if the group of subsidiaries controlled and directed by holding – Suomen Arvopaperikeskus Oy (Finnish corporations is engaged in financial Central Securities Depository) intermediation and/or in auxiliary financial activities. – Mandatum Omaisuudenhoito Oy (Mandatum Asset Management Ltd). 3.1.1 FINANCIAL AUXILIARIES Definition: All financial corporations and 3.2 INSURANCE CORPORATIONS AND PENSION quasi-corporations which are principally FUNDS engaged in auxiliary financial activities, i.e. activities closely related to financial Definition: This category comprises both intermediation, but which are not themselves private and public, Finnish-owned and foreign- defined as financial intermediation. These owned, insurance companies. The corporations corporations do not acquire financial assets by in this category are principally engaged in incurring liabilities on their own account. financial intermediation as the consequence of the pooling of risks. They consist of life and Types of entities belonging to this sub-sector non-life insurance corporations, insurance (exhaustive list): associations and corporations engaged in individual voluntary pension insurance. • Pankkiiriliike (investment firms) Types of entities belonging to this sub-sector • Pörssi (stock exchanges) (exhaustive list):

• Rahastoyhtiö (fund management • Vakuutusyhtiö (insurance companies) companies) • Henkivakuutusyhtiö (life assurance • Vakuutusmeklari (insurance brokers) companies)

• Varainhoitoyhtiöt (Asset Management • Vahinkovakuutusyhtiö (non-life insurance Corporation). companies)

• Vakuutusyhdistys (insurance associations).

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 197 Entities belonging to this sub-sector (illustrative • Liikennelaitos (transport and list): communications service providers)

– Veritas Keskinäinen vahinkovakuutusyhtiö • Osakeyhtiö; Oy/Oyj (limited companies; (Veritas Mutual Non-life Company) Ltd; incorporated companies, Inc.)

– Keskinäinen Vakuutusyhtiö Kaleva (Kaleva • Osuuskunta (cooperative societies) Mutual Insurance Company) • Sähkölaitos (power plants) – Keskinäinen henkivakuutusyhtiö Tapiola (Tapiola Mutual Life Assurance Company) • Satamalaitos (harbour facilities)

– Yritysten Henkivakuutus Oy Tapiola • Vesilaitos (waterworks). (Tapiola Corporate Life Insurance Ltd) Entities belonging to this sub-sector (illustrative – Osuuspankkien keskinäinen vakuutusyhtiö list): (OP Life Assurance Company Ltd) – Amer-yhtymä Oyj (Amer Group) – If vahinkovakuutusyhtiö Oy (If P&C Insurance Company Ltd). – Helsingin Energia (Helsinki Energy)

Borderline cases: – Ilmailulaitos Finavia (Finnish Civil Aviation Administration Finavia) This sub-sector includes entities that provide individual pension insurance. Companies and – LSO-osuuskunta institutions that provide legally mandated and other similar forms of employment pension – Metsähallitus (Forest and Park Service) security are included in “Social security funds”. – Nokia Oyj

3.3 NON-FINANCIAL CORPORATIONS – Outokumpu Oyj

Definition: Institutional units, the principal – UPM-Kymmene Oyj purpose of which is to produce goods and offer non-financial services to be sold on the market – VR-Yhtymä Oy. at prices that at least cover production costs. These also include unincorporated publicly Borderline cases: owned enterprises and housing corporations. This sub-sector includes unincorporated Types of entities belonging to this sub-sector publicly owned enterprises, as well as non- (exhaustive list): profit institutions serving non-financial corporations. • Asuntoyhteisö/asunto-osakeyhtiö/as.oy. (housing corporations) 3.4 HOUSEHOLDS

• Kommandiittiyhtiö; Ky (limited Definition: The household sector covers partnerships) individuals or groups of individuals as consumers and market producers, in case households’ business activities cannot be

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 198 March 2007 FINLAND separately classified under the non-financial Entities belonging to this sub-sector (illustrative corporation sector. Households receive wages list): and salaries, property income and transfers from other sectors, and entrepreneurial income – Suomen sosialidemokraattinen puolue from their own business activities. Consumer (Finnish Social Democratic Party) households are defined as individuals or groups of individuals who live together and jointly use – Åbo Akademin säätiö (Åbo Akademi part or all of their income and wealth, and who University Foundation) consume certain types of goods and services collectively, mainly housing and food. – Suomen Punainen Risti (Finnish Red Cross) Borderline cases: – Suomen Kulttuurirahasto (Finnish Cultural In practice, all non-corporate households (with Foundation) the exception of farming households) that employ at least two persons (entrepreneurs plus – Suomen Kennelliitto ry. (Finnish Kennel employees working on a full-time basis or Club). equivalent) are included in “Non-financial corporations”. 4 BORDERLINE CASES IN THE DELIMITATION 3.5 NON-PROFIT INSTITUTIONS SERVING OF THE DOMESTIC AREA HOUSEHOLDS Finnish embassies in other countries and the Definition: Institutions which are not Finnish merchant fleet belong to Finland’s independent legal entities and provide services domestic area. principally to households at a price lower than production costs. Households usually control The Åland Islands are considered to be a part these institutions and finance their activities of Finnish territory. As distinct from other with membership fees or contributions. This administrative districts, the Åland Islands have category also includes private non-profit administrative and financial autonomy and thus institutions partly or wholly financed by the the right to levy taxes. The Åland Islands are state (e.g. private educational and social treated as part of the “Local government” sub- institutions). sector in euro area money and banking statistics. Types of entities belonging to this sub-sector (illustrative list): 5 ADDITIONAL SOURCES OF INFORMATION • Puolue (political parties) AND CONTACT PERSONS

• Työntekijäjärjestö (trade unions) Additional sources of information:

• Valtionkirkko; evankelis-luterilainen ja Statistics Finland (2000): “Classification of ortodoksinen (state churches; Evangelical- Sectors, Handbooks 5 (Sektoriluokitus 2000)” Lutheran and Greek Orthodox) is available in English (text in Word and tables separately in Excel). • (Rekisteröity) yhdistys/ry. (associations) A list of the entities supervised by the financial • Yksityinen säätiö (private foundations). supervision authority (credit institutions, derivatives exchanges, investment firms,

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 199 mutual fund management companies) can be found on the homepage of the Financial Supervision Authority (www.rahoitustarkastus. fi/eng).

A list of the entities supervised by the Insurance Supervisory Authority (insurance and pension institutions, other companies operating in the insurance business, institutions managing unemployment benefits) can be found on the homepage of the Insurance Supervisory Authority (www.vakuutusvalvonta.fi).

Contact persons:

Suomen Pankki – Finlands Bank, Financial Markets and Statistics Mrs Elisabeth Hintikka Tel.: +358 10 831 2322 E-mail: [email protected]

Statistics Finland Economic Statistics Department Mrs Taru Sandström Tel.: +358 9 1734 3350 E-mail: [email protected]

Statistics Finland Register of enterprises Mrs Tuula Viitaharju Tel.: +358 9 1734 3378 E-mail: [email protected]

Internet: Suomen Pankki – Finlands Bank: http://www.bof.fi Statistics Finland: http://www.stat.fi

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 200 March 2007 SWEDEN SWEDEN 1 INTRODUCTION • “Households”

1.1 GENERAL REMARKS • “Non-profit institutions serving households”, including registered religious societies, of The main non-MFI sectors in Sweden are the which the Church of Sweden is one. “General government” and “Other residents” sectors. 1.2 KEY WORDS FOR SECTORISATION

The “General government” sector consists of Myndighet (authority), Styrelsen (board) central government bodies, local governments see “Central government” and social security funds. “Central government” comprises parliament, government ministries Verk (agency), Förvaltning (public and authorities, including the National Debt administration, government service), Nämnd Office (Riksdag, departement, myndigheter (committee, board) see “Central and Riksgäldskontoret), other government government” bodies, and foundations and funds which are mainly owned and/or controlled by the Försäkringskassan (Swedish Social Insurance government. “Local government” comprises Administration), Stiftelse (foundation), local authorities and county councils (kommuner Förbund (union) see “Central government” och landsting) and entities owned and/or and “Local government”; see also “Non- controlled by local government entities. With a financial corporations” (“Public few minor exceptions (see the borderline cases corporations”) below), all government-owned and/or controlled corporations are regarded as market producers Rådet (council), Statlig, Statens (national and are thus classified as financial or non- government) see “Central government” and financial corporations. “Local government”; see also “Non-financial corporations” (“Public corporations”) The “Other residents” sector is subdivided into: Kommun (local government), Landsting (county council) see “Local government” • Financial corporations other than MFIs (comprising “OFIs” and “Insurance Icke-monetära kreditmarknadsföretag (non- corporations and pension funds”). OFIs are monetary credit market corporations) see subdivided into non-monetary credit market “OFIs” corporations, non-monetary investment funds, non-monetary securities companies, Icke-monetära värdepappersbolag och investment corporations and financial fondkommissionärer (Non-monetary securities intermediaries n.e.c. (not elsewhere brokerage companies and investment firms) classified). The latter also include “Financial see “OFIs” auxiliaries”, financial holding companies and non-profit institutions serving the Fondbolag (fund management companies) financial sector. see “OFIs”

• “Non-financial corporations”, including Icke-monetära investeringsfonder (non- non-financial quasi-corporations and public monetary investment funds) see “OFIs” service companies (Statliga affärsverk), are publicly and privately owned corporate Investment aktiebolag (investment and unit bodies located in Sweden. trusts/companies) see “OFIs”.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classifcation of customers March 2007 201 2 CLASSIFICATION OF ENTITIES BELONGING – Post och Telestyrelsen (Post and TO THE “GENERAL GOVERNMENT” SECTOR Telecommunications Board)

2.1 CENTRAL GOVERNMENT – Rikgäldskontoret (National Debt Office)

Definition: Parliament, government ministries, – Rikspolisstyrelsen (National Police Board) bodies not administered as part of government ministries but subject to ministerial or – Riksrevisionsverket, RRV (National Audit departmental control, accounts controlled by Bureau) the government, Swedish embassies abroad and other agencies located abroad. – Skogvårdsstyrelsen (National Board of Forestry) Types of entities belonging to this sub-sector: – Statens vägverk (National Road • Domstolsväsendet (courts of law) Administration)

• Polisväsendet (police system) – Universitet och högskolor (universities and colleges). • Socialstyrelsen (National Swedish Board of Health and Welfare) Borderline cases:

• Svenska försvaret (national defence). Two government-owned theatres (Kungliga Operan and Kungliga Dramatiska Teatern) Entities belonging to this sub-sector (illustrative operate as corporations, but are nevertheless list): classified as government bodies.

– Civilförsvarsföreningar/förbund (Civil 2.2 STATE GOVERNMENT Defence League) Not applicable. – Försäkringskassorna (Swedish Social Insurance Administration) 2.3 LOCAL GOVERNMENT

– Kriminalvårdsstyrelsen (National Prisons Definition: Kommuner (local governments), and Probation Administration) landsting (county councils)

– Kronofogdemyndigheter (the Swedish Types of entities belonging to this sub-sector: Enforcement Administration and Legislation) • Brandkår (fire services)

– Länsbostadsnämnder • Daghem (childcare)

– Länsstiftelser • Flygplatser (municipally owned airports)

– Länsstyrelsen (county administrative • Hälso- och sjukvård (public health care) board) • Hamnar (municipally owned harbours) – Naturvårdsverket (National Environmental Protection Agency) • Kollektivtrafik (public transport)

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classifcation of customers 202 March 2007 SWEDEN • Polis (police force) auxiliaries are also included here (see sub- section 3.1.1). • Sjukhus (hospitals) Types of entities belonging to this sub-sector: • Skolor (schools). • Icke-monetära kreditmarknadsföretag (non- Entities belonging to this sub-sector (illustrative monetary credit market corporations) list): • Fondbolag (fund management companies, – Kommuner (local governments) classified in the “Financial auxiliaries” sub- sector) – Landsting (county councils). • Investmentbolag (investment corporations) Borderline cases: • Icke-monetära värdepappersbolag och Public transport maintained by private fondkommissionärer (non-monetary companies, healthcare provided by private securities brokerage companies and companies and schools and childcare managed investment firms) by private companies are all classified under “Non-financial corporations”. • Icke-monetära investeringsfonder (non- monetary investment funds). 2.4 SOCIAL SECURITY FUNDS Entities belonging to this sub-sector (illustrative Definition: National pension funds and the list): Premium Pension Authority. • Icke-monetära värdepappersbolag och Entities belonging to this sub-sector (illustrative fondkommissionärer (non-monetary list): securities brokerage companies and investment firms) - Första, Andra, Tredje, Fjärde och Sjätte AP- – ABG Sundal Collier AB fonden (First to Fourth and Sixth National – Case Asset Management AB Pension Funds) – Catella Kapitalförvaltning AB – Quesada Kapitalförvaltning AB – Premiepensionsmyndigheten (Premium Pension Authority). • Icke-monetära kreditmarknadsföretag (non- monetary credit market corporations) – Caplease AB 3 CLASSIFICATION OF ENTITIES BELONGING – Bostadfinans i Malmö AB TO THE “OTHER RESIDENTS” SECTOR – Collector Finans AB – Euro Finans AB 3.1 OTHER FINANCIAL INTERMEDIARIES (OFIs) – LSA Finance AB – Pelaro Billeasing AB Definition: Financial corporations, other than MFIs, which are resident in Sweden and are (1) • Icke-monetära investeringsfonder (non- principally engaged in financial intermediation monetary investment funds): through the incurring of liabilities, other than – Banco Balanserad in the form of deposits or close substitutes for – Handelsbankens Amerikafond deposits, and (2) specialised in granting credit – Nordea Spektra and/or in investing in securities. Financial – Robus Sverigefond

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classifcation of customers March 2007 203 – SEB Sverigefond 1 – Scandem AB – Skandia USA – Trader Fondkommission AB – SPP EMU Aktiefond • Fondbolag (fund management companies) • Investmentbolag (investment – Aktie-Ansvar AB corporations): – Banco Fonder AB – Aktiebolaget Custos – Folksam Fond Aktiebolag – Aktiebolaget Industrivärden – Handelsbanken Fonder AB – Atle Aktiebolag – Nordea Fonder Aktiebolag – Förvaltningsaktiebolaget Ratos – Robur Fonder AB – Investment Aktiebolaget Latour – SEB Investment Management AB – Investment Aktiebolaget Öresund – Skandia Fonder AB – Investor Aktiebolag. – XACT Fonder Aktiebolag.

3.1.1 FINANCIAL AUXILIARIES 3.2 INSURANCE CORPORATIONS AND PENSION Definition: Financial institutions that are FUNDS principally engaged in activities which are closely related to financial intermediation, but Definition: All institutional units, the main which do not include the function of financial activity of which is financial intermediation by intermediation itself. receiving funds in the form of insurance technical reserves and investing these funds Types of entities belonging to this sub-sector: with the objective of pooling the risks. The category covers both life assurance and non- • Börser (stock exchanges) life insurance activities. Only pension schemes with the autonomy to make decisions and a • Värdepappersbolag som handlar för annans complete set of accounts are included here. räkning (securities brokers who trade for Otherwise, they remain part of the entity which the account of others) established them (e.g. company pension funds). Social security funds are also excluded. • Valutaväxlingskontor (foreign exchange offices) Types of entities belonging to this sub-sector:

• Försäkringsmäklare (insurance brokers) • Insurance and reinsurance companies

• Fondbolag (fund management companies) Entities belonging to this sub-sector (illustrative list): Entities belonging to this sub-sector (illustrative list): – AFA livförsäkringsaktiebolag

• Börser (stock exchanges) – If skadeförsäkring AB – OMX, Den Nordiska Börsen (OMX The Nordix Exchange) – Folksam ömsesidig sakförsäkring – VPC, Värdepappercentralen (securities registration centre) – KPA Livföräkring AB

• Värdepappersbolag (securities brokers) – Länsförsäkringar Liv – Compare Kapitalförvaltning AB Försäkringsaktiebolag – MeeToo AB

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classifcation of customers 204 March 2007 SWEDEN – Holmia livförsäkring AB – Sydkraft AB – Trelleborg AB – Moderna försäkringar Liv AB – WM-Data AB.

– SPP Livförsäkring AB 3.4 HOUSEHOLDS

– TeliaSonera försäkring AB Definition: Individuals or groups of individuals resident in Sweden in their role as consumers – Trygg-Hansa Försäkringsaktiebolag or producers resident in Sweden but not covered by the corporate sector (i.e. unincorporated – Wasa International Försäkringsaktiebolag. businesses other than unlimited liability partnerships). 3.3 NON-FINANCIAL CORPORATIONS Borderline cases: Definition: Limited, unlimited and other corporate bodies resident in Sweden which are Corporate bodies are excluded, as are not classified as financial corporations; all unincorporated businesses in the form of unlimited liability partnerships (quasi- unlimited liability partnerships, except in the corporations) in Sweden principally engaged in case where the partners are natural persons. non-financial activities; and public corporations in which the general government may have 3.5 NON-PROFIT INSTITUTIONS SERVING total or partial ownership. HOUSEHOLDS

Entities belonging to this sub-sector (illustrative Definition: Non-profit-making bodies serving list): households and which are private other non- market producers resident in Sweden. • Public corporations: – Posten AB Types of entities belonging to this sub-sector: – Storstockholms Lokaltarfik AB (SL AB) • Foundations not included in government or – TeliaSonera AB corporate sectors – Vattenfall AB • Political parties • Other corporations: – Aga AB • Religious societies – ASG AB – Assidomän AB • Sports clubs – BT Industries – Electrolux AB • Trade unions. – Esselte AB – Finnveden AB Entities belonging to this sub-sector (illustrative – Getinge AB list): – Haldex AB – Hexagon AB – Svenska kyrkan (Church of Sweden) – LM Ericsson – Sandvik AB – Landsorganisationen – SCA AB – Scania AB – Nobelstiftelsen (Nobel Foundation) – SKF AB

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classifcation of customers March 2007 205 – Pingstkyrkan (Pentecostal Movement)

– Stiftelsen Ljusdals Konstfrusna isbana

– Sveriges Akademikers Central Organisation (SACO)

– Tjänstemännens Central Organisation (TCO).

4 BORDERLINE CASES IN THE DELIMITATION OF THE DOMESTIC AREA

Not applicable.

5 ADDITIONAL SOURCES OF INFORMATION AND CONTACT PERSONS

Sveriges Riksbank Ms Maria Eriksson Tel.: +46 8 787 04 23

Statistics Sweden Ms Marianne Biljer Tel.: +46 8 506 942 48

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classifcation of customers 206 March 2007 UNITED KINGDOM UNITED KINGDOM 1 INTRODUCTION the UK accounts, are part of “OFIs” for money and banking statistics purposes) 1.1 GENERAL REMARKS • “Non-financial corporations”: public The United Kingdom (UK) sectoral corporations, other non-financial classification of domestic non-MFIs can be corporations and non-financial quasi- broadly split into two categories: corporations (unlimited liability partnerships) • “General government” • “Households” • “Other residents”. • “Non-profit institutions serving “General government” consists of central households”. government bodies and local authorities. It includes the following institutional units: 1.2 KEY WORDS FOR SECTORISATION

• General government entities which The suffixes “Ltd” or “plc” indicate that an administer and finance a group of activities, institution should be classified within the principally providing non-market goods and corporate sector but do not necessarily mean services intended for the benefit of the that it is privately owned. community

• Non-profit institutions recognised as 2 CLASSIFICATION OF ENTITIES BELONGING independent legal entities which are non- TO THE “GENERAL GOVERNMENT” SECTOR market producers and which are controlled and mainly financed by the general 2.1 CENTRAL GOVERNMENT government Definition: UK government departments • Social security funds which in the UK are (including Northern Ireland government not autonomous and are classified departments, the Scottish Parliament and the indistinguishably within “Central Welsh Assembly), bodies not administered as government” part of government departments but subject to ministerial or departmental control, and • Market regulatory organisations, including accounts controlled by UK government those which are either exclusively or departments and agencies overseas. Also principally simple distributors of subsidies, included in “Central government” are those even if they are engaged in buying, holding non-profit institutions which are controlled and and selling agricultural or food products; in mainly financed by the central government, the the UK this means that the intervention competence of which extends over the entire agency belongs to “Central government” economic territory.

The “Other residents” sector is composed of: Types of entities belonging to this sub-sector (illustrative list): • The financial sector, which comprises “Insurance corporations and pension funds” • Museums (national) and “Other financial intermediaries” (including “Financial auxiliaries”, which, • Police colleges although regarded as a separate category in • Research councils

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 207 • Royal commissions – Museum of London

• Sports and arts councils. – National Heritage Memorial Fund

Entities belonging to this sub-sector (illustrative – National Insurance Fund list): – National Investment and Loans Office – Armed forces (including units, but not individuals, serving abroad) – National Lottery Distribution Fund

– British Broadcasting Corporation – Public Guardianship Office

– British Transport Police – Regional Health Authorities and Boards of Governors of teaching hospitals – British Tourist Authority – Royal Household – Charity Commission – Scottish Higher Education Funding – Commonwealth War Graves Commission Council

– Criminal Injuries Compensation Board – Scottish Tourist Board

– Department for National Savings – Sea Fish Industry Authority. (incorporating the National Savings Bank) Borderline cases: – English Tourism Council In the UK the administration of social security – Environment Agency for England and funds is an integral part of “Central Wales government”, concerning both funding and decision-making. For this reason it cannot be – Forestry Commission classified separately.

– National Investment and Loans Office Trading bodies that do not have sufficient autonomy to be independent units are deemed – Higher Education Funding Council for to be central government market bodies. The England Export Credits Guarantee Department (ECGD) is a market producer, but its finances are not – Home-grown Cereals Authority sufficiently independent of the central government for it to be regarded as an – Horse Race Betting Levy Board institutional unit in its own right; it is therefore the only market-oriented unit of activity within – Houses of Parliament the “Central government” sub-sector.

– Housing Corporation Regional health authorities are considered to be part of “Central government” since they – Medical Research Council form part of the National Health Service and are not therefore separate institutional units. – Millennium Commission The Scottish Office, Welsh Office and Northern

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 208 March 2007 UNITED KINGDOM Ireland Department are all “Central government” • Passenger Transport Authorities departments. • Police forces 2.2 STATE GOVERNMENT • Ports and harbours (municipally owned) Not applicable. • Scottish River Purification Boards 2.3 LOCAL GOVERNMENT • Slaughterhouses (municipally owned). Definition: Public administrations, the competence of which only extends to a Entities belonging to this sub-sector (illustrative geographical area of the economic territory, list): apart from local central government agencies, such as the National Health Service. – City of London Corporation

“Local government” includes non-profit – Forth Road Bridge Joint Board institutions controlled and mainly financed by a local government body, the competence of – Humber Bridge Board which is restricted to the economic territory of the local government. – Inland Drainage Board.

Local authority housing revenue accounts and 2.4 SOCIAL SECURITY FUNDS some other local authority trading services are regarded as market-oriented units of activity Not applicable. within the “Local government” sub-sector.

London borough councils; county and district 3 CLASSIFICATION OF ENTITIES BELONGING councils in Northern Ireland; parish, town and TO THE “OTHER RESIDENTS” SECTOR new unitary authorities in England and Wales; and district, island and regional councils in 3.1 OTHER FINANCIAL INTERMEDIARIES (OFIs) Scotland, together with their related statutory departments (e.g. gas departments in Northern Definition: All financial corporations and Ireland, water service departments in Scotland), quasi-corporations, with the exception of are included here, as well as those bodies insurance corporations and pension funds, formed on 1 April 1986 to take over the assets that are principally engaged in financial and functions of the former metropolitan intermediation. Although “Financial councils and the Greater London Council auxiliaries” is regarded as a separate category (e.g. residuary bodies, joint police authorities, in the UK accounts1, this sub-sector forms part joint police and fire boards). of “OFIs” for money and banking statistics purposes. Types of entities belonging to this sub-sector (illustrative list): Types of entities belonging to this sub-sector (illustrative list): • Fire services • Corporations engaged in factoring • Magistrates’ courts

1 Under the terms of a derogation from the ESA 95 EC Regulation, • Municipally owned aerodromes the UK does not currently provide separate financial data on “Financial auxiliaries”.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 209 • Corporations engaged in financial leasing • Bank holding companies – AIB Holdings (NI) Ltd • Corporations engaged in hire purchase and – Adam & Company Group plc the provision of personal or commercial – Barclays plc finance – Capital One Holdings Ltd – Close Brothers Group plc • Credit unions (financial cooperatives that – Egg plc accumulate members’ savings and provide – Household International (UK) Ltd them with low-cost credit) – HSBC Holdings plc – Lloyds TSB Group plc • Financial vehicle corporations, created to – National Australia Group Europe Ltd hold securitised assets – Noble Grossart Holdings Ltd – Pointon Group plc • Holding corporations which only control – Secure Trust Banking Group plc and direct a group of subsidiaries principally – Singer & Friedlander Holdings Ltd engaged in financial intermediation and/or – Standard Chartered plc in auxiliary financial activities, but which – Royal Bank of Scotland Group plc are not themselves financial corporations – United Trust Corporations plc.

• Mortgage credit corporations • Other financial institutions – BCI Ltd • Mutual funds other than MMFs, including – Indosuez Finance (UK) Ltd most unit trusts and other CIS (e.g. – Standard Chartered Overseas Holdings UCITS) Ltd – Toronto Dominion (UK) Ltd • Securities and derivatives dealers (acting – WestLB UK Ltd. for customers and on their own account) 3.1.1 FINANCIAL AUXILIARIES • Specialised financial corporations such as Definition: Financial corporations and quasi- venture and development capital companies corporations that are principally engaged in and export/import financing companies. auxiliary financial activities.

Entities belonging to this sub-sector (illustrative Types of entities belonging to this sub-sector: list): • Corporations providing infrastructure for • Credit unions the financial markets – Alliance Credit Union Ltd – CWS (Scotland) Employees CU Ltd • Corporations providing stock exchange and – London Fire Savers Credit Union Ltd insurance exchange – Transave Credit Union Ltd • Corporations which arrange derivatives and • Factoring companies and discounters hedging instruments such as swaps, options – AIB Commercial Services Ltd and futures, but do not issue them – Bank of Scotland CashFlow Finance – Independent Growth Finance • Corporations, the principal function of – Skipton Business Finance Ltd which is to guarantee, by endorsement, bills – UPS Capital (UK) Ltd and similar instruments – Venture Finance plc

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 210 March 2007 UNITED KINGDOM • Flotation corporations that manage the issue • Friendly societies – both collecting and of securities non-collecting

• Insurance brokers, salvage administrators, • Pension funds and superannuation funds loss adjusters, insurance and pension (including those of public corporation and consultants, etc. local authority employees), but not unfunded and notionally funded government pension • Loan brokers, investment advisers, etc. schemes, which should be classified under “Central government” • Managers of pension funds, mutual funds, etc. • Corporate members of Lloyd’s of London.

• Non-profit institutions recognised as Entities belonging to this sub-sector (illustrative independent legal entities serving financial list): corporations, but not engaged in financial intermediation. – BUPA Health Insurance

Entities belonging to this sub-sector (illustrative – Equitas Ltd list): 3.3 NON-FINANCIAL CORPORATIONS • Stock exchanges – London Stock Exchange Definition: Limited, unlimited, chartered, – London International Financial Futures statutory and other corporate bodies which are & Options Exchange (LIFFE) incorporated in mainland Great Britain and – Tradepoint Financial Network plc Northern Ireland and which are not classified as financial corporations or within central • Other entities government or local government. All unlimited – Bureaux de change liability partnerships on the UK mainland – Corporation of Lloyd’s engaged principally in non-financial activities – Crest Co. are also included here. – Crown Agents Asset Management Ltd – LCH Clearnet. Types of entities belonging to this sub-sector (illustrative list): 3.2 INSURANCE CORPORATIONS AND PENSION FUNDS • Public corporations – Local authority airports (larger ones Definition: All financial corporations and only) quasi-corporations that are principally engaged – Local authority bus companies in financial intermediation as a consequence of – New Towns Commission the pooling of risks. – National Health Service Trusts (and Trust Hospitals) Types of entities belonging to this sub-sector – Scottish Water Authorities (illustrative list): – Trust ports in Northern Ireland

• Insurance corporations, including those • Private non-financial quasi-corporations institutions specialising in marine and credit – Accountancy partnerships (some major insurance, and reinsurance, as well as accountancy firms are non-financial benefit funds and provident funds corporations per se) – Architectural partnerships

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 211 – Legal partnerships (solicitors) – Angel Trains Ltd – Management consultancy partnerships – Anglia Railways Train Services Ltd – Medical and dental partnerships – Anglian Water plc – Other small business partnerships, – Atomic Energy Authority (Technology) including formal husband-and-wife – BAA plc partnerships, e.g. retail corner shops and – BBC Transmissions farming enterprises. – Birmingham Airport Ltd – Bristol Water plc Entities belonging to this sub-sector (illustrative – British Aerospace plc list): – British Airways plc – British Coal Enterprise • Public corporations – British Energy plc – Audit Commission – BG plc – British Broadcasting Corporation – British Institute of Management – British Nuclear Fuels plc (BNFL) – British Rail International Ltd – Central Office of Information – British Sky Broadcasting Group plc – Civil Aviation Authority – British Steel plc – Commonwealth Development – British Telecommunications plc Corporation – Britoil plc – Defence Evaluation and Research – Broomco (919) Ltd Agency – BR Business Systems – Development Board for Rural Wales – BR Projects Ltd – Driving Standards Agency – Cable & Wireless plc – Forest Enterprise – Cardiff Valleys Ltd – Highland and Islands Enterprise – Central Trains Ltd – Horserace Totalisator Board – Chiltern Railway Company – Land Authority for Wales – City Greenwich Lewisham Rail Link plc – London Regional Transport – Connex Ltd – Northern Ireland Housing Executive – Cross Country Trains Ltd – Patent Office – Crown Agent for Overseas Governments – Post Office (including Post Office and Administrations Ltd Counters Ltd) – Crown Agents Foundation – Remploy Ltd – Crown Agents International Ltd – Royal Mint – Crown Agents Services – Scottish Enterprise – DeCTA – Scottish Homes – Defence Evaluation and Research – United Kingdom Nirex Ltd Agency Support Services Division – Welsh Development Agency – Direct Rail Services Ltd – Welsh Fourth Channel Authority – Docklands Light Railway Ltd – East Midlands Electricity plc • Non-financial corporations other than public – East Midlands International Airport plc corporations (the list is intended to be – Eastern Group plc illustrative, but has been updated to reflect, – Fastline Services Ltd inter alia, the evolving pattern of mergers – Gatwick Express and takeovers in the privatised utilities – Great North Eastern Railways Ltd sector) – Great Peter Nominees – AMEC plc – Great Western Holdings Ltd – Amersham International plc – Greenshield Shipping Services Ltd – Amey Railways Ltd – GT Railway Maintenance Ltd

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 212 March 2007 UNITED KINGDOM – Heathrow Express Operating Company Borderline cases: Ltd – Hyder plc Companies dealing primarily in operating – IBM United Kingdom Ltd leases should be classified under this heading. – InterCity West Coast Ltd Certain airport companies which were set up – Knight Line Ltd by local authorities under the terms of the 1986 – London and South Coast Ltd Airports Act are also included here. – London Call Centre Ltd – London Electricity plc 3.4 HOUSEHOLDS – Management Consortium Bid Ltd – Midland Electricity plc Definition: Individuals or small groups of – National Express Group plc individuals who share the same living – National Grid Company plc accommodation, who pool at least part of their – National Power plc income and wealth, and who consume certain – NFC plc types of goods and services collectively – North and South Railways Ltd (e.g. housing and food). Individuals and groups – North West Regional Railways Ltd of individuals who produce goods, non- – Nuclear Transport Ltd financial services or financial services – Occupational Health and Safety Agency exclusively for their own final use are included – P&O European Ferries in “Households”. – PowerGen plc – Prism Rail plc Types of entities belonging to this sub-sector: – Railtrack plc – Regional Railways North East Ltd • Individuals or groups of individuals who – Relayfast Ltd have consumption as their prime economic – Rolls Royce Motor Cars Ltd function and produce goods/non-financial – Royal Ordnance plc services exclusively for their own final use. – ScotRail Railways Ltd There are only two cases which meet this – Scottish Hydroelectric plc exclusiveness criterion: – Scottish Power plc – Services of owner-occupied dwellings – Severn Trent plc – Domestic services produced by paid – South West Water plc employees – Southern Electric plc – Southern Water plc • Sole traders and other unincorporated – Stagecoach Holdings plc businesses, the accounts of which are not – Stena Line Ltd separable from those of the households of – Thames Trains Ltd which they form part – Thames Water plc – Stationery Office Ltd • Persons with little or no autonomy of action – United Medical Enterprises Ltd or decision in economic matters and who – United Utilities plc live permanently in institutions (e.g. – Urenco Ltd members of religious orders living in – Wessex Water plc monasteries, long-term hospital patients, – Yorkshire Electricity Group plc long-serving prisoners, permanent residents – Yorkshire Water plc. of retirement homes, etc.)

• Non-profit institutions and private trusts serving households without independent legal status, or of minor importance

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 213 • UK students abroad Entities belonging to this sub-sector (illustrative list): • Non-corporate Lloyd’s underwriters. – Automobile Association (but not its trading 3.5 NON-PROFIT INSTITUTIONS SERVING subsidiaries) HOUSEHOLDS – British Academy Definition: Non-profit institutions which are separate legal entities, which serve households – Church commissioners and which are private other non-market producers. Non-profit institutions controlled – Deposit Protection Fund and mainly financed by the general government are classified in the “General government” – Duchy of Cornwall sector. Non-profit institutions of minor importance are indistinguishable from – Duchy of Lancaster households and are included in “Households”. – Executor and trustee accounts of deceased Types of entities belonging to this sub-sector: persons after the granting of probate

• Trade unions – Home-grown Sugar Beet (Research and Education) Investment Fund • Professional or learned societies – Investors Compensation Scheme • Consumers’ associations – Letchworth Garden City Heritage • Political parties Foundation

• Churches or religious societies (including – National Association of Citizens’ Advice those financed but not controlled by Bureaux governments) – National Institute of Economic and Social • Clubs for social, cultural, recreational and Research sporting activities – Royal Automobile Club (but not its trading • Charities, relief and aid organisations subsidiaries) financed by voluntary transfers in cash or in kind from other institutional units and – Royal Society serving resident or non-resident units – Universities and colleges’ admissions • Grant-maintained schools and colleges, service. non-profit-making schools and colleges, Scottish central institutions and colleges of Borderline cases: education Certain financial agencies of religious bodies, • Universities and university colleges e.g. The Baptist Union Corporation Ltd, are (excluding Buckingham University – see classified under “OFIs”. Buckingham also borderline cases) University is classified under “Non-financial corporations other than public corporations”. • Housing associations.

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 214 March 2007 UNITED KINGDOM 4 BORDERLINE CASES IN THE DELIMITATION OF THE DOMESTIC AREA

For the purposes of money and banking statistical reporting, the UK comprises the mainland of Great Britain (England, Scotland and Wales) plus Northern Ireland. The Channel Islands and the Isle of Man do not form part of the UK.

5 ADDITIONAL SOURCES OF INFORMATION AND CONTACT PERSONS

Additional sources of information:

Office for National Statistics, Sector Classification for the National Accounts.

Bank of England Classification of Accounts Guide (available at http://www.bankofengland. co.uk/statistics/reporters/defs/class04.pdf

Contact persons:

Mr Jonathan Bowers Office for National Statistics Public Sector Accounts Branch Room D323 1 Drummond Gate London SW1V 2QQ Tel.: +44 20 7533 5988 E-mail: [email protected]

Statistics Helpdesk

Monetary & Financial Statistics Division Bank of England Threadneedle Street London EC2R 8AH Tel.: +44 207 601 5353 Fax: +44 207 601 5395 E-mail: [email protected]

ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 215 MONETARY FINANCIAL INSTITUTIONS AND MARKETS STATISTICS SECTOR MANUAL MARCH 2007

GUIDANCE FOR THE STATISTICAL

ISSN 1830703-5 CLASSIFICATION OF CUSTOMERS

9 771830 703003 THIRD EDITION