Services auxiliary to financial services (other than to insurance and pensions) - GST - Services Code / Scheme of Classification of Services

Scheme of Classification of Services S.No. Chapter, Section, Heading or Group Service Code (Tariff) Service Description (1) (2) (3) (4) 201 Group 99715 Services auxiliary to financial services (other than to insurance and pensions) 202 997151 Services related to investment banking such as mergers and acquisition services, corporate finance and venture capital services 203 997152 Brokerage and related securities and commodities services including commodity exchange services 204 997153 Portfolio management services except pension funds 205 997154 Trust and custody services 206 997155 Services related to the administration of financial markets 207 997156 Financial consultancy services 208 997157 Foreign exchange services 209 997158 Financial transactions processing and clearing house services 210 997159 Other services auxiliary to financial services Explanatory Notes:- Based on the Modified Version of the United Nations Central Product Classification (UNCPC) 99715 - Services auxiliary to financial services (other than to insurance and pensions) 997151 - Services related to investment banking such as mergers acquisition services, corporate finance venture capital services This service code includes: - services of counsellors and negotiators in arranging mergers and acquisitions - services of arranging corporate financing, including debt financing, equity financing, venture capital financing - other services related to investment banking n.e.c. This service code does not include: - portfolio management services, cf. 997153 - trust and custody services, cf. 997154 - stock price quotation services made available through an information server, cf. 998439 - supply of financial news to the news media, cf. 99844 997152 - Brokerage and related securities and commodities services including commodity exchange services This service code includes: - brokerage services (that is bringing together purchasers and sellers of the same instrument) for securities - services of acting as a selling agent of units, shares or other interests in a mutual (investment) fund - sales, delivery and redemption services of government bonds - brokerage of options - brokerage services for commodities and commodity futures, including financial futures - brokerage services for financial derivatives - computer-based clearing and settlement for interchange of debits, credits and transfer of ownership of securities 997153 - Portfolio management services except pension funds This service code includes: - managing portfolio assets of others, on a fee or commission basis, except for pension funds Note: Managers make decisions on which investments to purchase or sell. Examples of the portfolios managed are the portfolios of mutual and other investment funds or trusts This service code does not include: - management of pension funds, cf.997164 - personal financial planning advisory services not involving decision-making on behalf of clients, cf.997159 - buying and selling of securities on a transaction fee basis, cf.997152 997154 - Trust and custody services This service code includes: - estate and trust management and administration services - services of acting as a trustee of investment funds or pension funds - services of acting as trustee for securities (administrative services related to the issue and registration of securities, and payment of interest and dividends) - provision, under instructions, of safekeeping of and accounting for valuable and usually income- bearing personal property, including securities - safekeeping services - safe deposit services - security custody services - audit confirmation services with respect to customers securities held for safekeeping 997155 - Services related to the administration of financial markets This service code includes: - administrative services of furnishing space and other facilities necessary for the operation of security and commodity exchanges - services of regulating and monitoring financial markets and participants in those markets - other financial market administration services n.e.c. This service code does not include: - security custody services, cf. 997154 - stock price quotation services made available through an information server, cf. 998439 - supply of financial news to the news media (Group 99844) 997156 - Financial consultancy services This service code includes financial advisory services, market analysis and intelligence This service code does not include: - insurance and pension consultancy services, cf.997169 - mergers and acquisitions services, cf. 997151 - corporate finance and venture capital services, cf. 997151 - portfolio management services (except pension funds), cf.997153 - trust and custody services, cf.997154 - pension fund management services, cf. 997164 - advisory services on taxation matters, cf.99823 - financial management consulting services (except business tax), cf. 998311 997157 - Foreign exchange services This service code includes foreign currency exchange services provided by bureau de change, etc. 997158 - Financial transactions processing and clearing house services This service code includes: - services of processing financial transactions such as verification of financial balances, authorization of transactions, transfer of funds to and from transactors accounts, notification of banks (or credit card issuers) of individual transactions and provision of daily summaries - services of clearing cheques, drafts and other payment orders - debit card and credit card merchant services This service code does not include: - services of processing securities transactions, cf. 997152 997159 - Other services auxiliary to financial services This service code includes mortgage and loan brokerage services This service code does not include - coin and currency package services, cf. 998542