SIC Code 6726 Unit Investment Trusts, Face-Amount Certificate Offices, and Closed-End Management Investment Offices

Industry

Finance, Insurance, Real Estate

Description

Establishments primarily engaged in issuing unit investment trusts or face-amount certificates; and establishments primarily engaged in issuing shares, other than unit investment trusts and face-amount certificate companies, whose shares contain no provision requiring redemption by the company upon request of the security holder. Unit investment trust companies (1) are organized under a trust indenture, contract of custodianship or agency, or similar instrument; (2) do not have a board of directors; and (3) issue only securities redeemable at the request of the security holder, each of which represents an undivided interest in a unit of specified securities, but does not include voting trusts. Face-amount certificates, sometimes referred to as guaranteed face-amount certificates, are essentially obligations of the issuing company to pay a fixed sum at a specified maturity date and usually require periodic payments by the purchaser.

Illustrative Examples

Face-amount certificate issuing, Government National Mortgage Association (GNMA) pools Investment funds, closed-end: management of, Investors'syndicates, Issuing of face-amount installment certificates, Management investment funds, closed-end, Unit investment trusts

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Further Classification

6-digit SIC

  • 672601Insurance Annuities
  • 672699Unit Investment Trusts-certificate Ofcs

7-digit SIC

  • 6726001Investment Offices
  • 6726002Insurance Annuities
  • 6726003Investors Syndicates
  • 6726004Face Amount Certificate Issuing
  • 6726005Face Amount Installment Certificate Issuing
  • 6726006Government National Mortgage Association Pools
  • 6726007Unit Investment Trusts-certificate Offices

8-digit SIC

  • 67260000Investment Offices, Nec
  • 67269901Face Amount Certificate Issuing
  • 67269902Face Amount Installment Certificate Issuing
  • 67269903Government National Mortgage Association (gnma) Pools
  • 67269904Investors Syndicates
  • 67269905Management Investment Funds, Closed-end
  • 67269906Unit Investment Trusts
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Est. Employment:10058