Commentary |
- 'Financial Institutions' refer to the activities of obtaining, redistributing, circulating and intermediating funds other than for the purpose of insurance or pension funding.
- 'Insurance and Pension Funding' refers to the activities of building up funds to be used against short/long term risks to life or future accidents, and pension services which include individual/group mutual aid or pension services which create and manage security funds for old ages or retirement.
- 'Activities Auxiliary to Financial Service and Insurance Activities' refer to auxiliary financial and insurance services for the purpose of facilitating successful operation of 'Financial Institutions', 'Insurance and Pension Funding'.
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