Explanatory Note
Title: financial instruments
It comprises activities linked to transactions carried out in financial markets and to
transactions of contracts over goods, carried out on behalf of third parties, including, in particular,
brokerage of: securities, investment fund units, standardized contracts
of goods, of cryptoassets with corresponding responsibility, which qualifies them as
assets; foreign exchange trading for others; equity crowdfunding
based crowdfunding) and collaborative loan financing (debt-based crowdfunding).
Includes the activities of receiving, transmitting and executing orders, on behalf of clients, as well as
as well as exchange agencies. It also includes securities brokerage for construction projects.
investment (e.g. wind or solar farms).
Does not include:
Trading in financial markets on your own account (64);
Currency exchange on your own (64990);
Transaction of securities on own account (64990);
Fund management activities (663);
Buying and selling real estate projects, for example wind or solar farms (68);
Fundraising based on donations (82990);
Trading and brokering crypto assets without corresponding liability
(82990);