CAEN Code Rev. 3

66

Financial service activities, except insurance and pension funding

EU NACE Equivalent: NACE Rev. 3 — 66

This division includes financial services such as market administration, brokerage and consultancy, excluding insurance and pension funds. Essentially, it covers companies that facilitate transactions, manage investments, or provide financial advice, but not those selling insurance policies.

Entrepreneur Profile

This CAEN code 66 is intended for entrepreneurs and companies (SRL, PFA) wishing to develop a business focused on financial service activities, except insurance and pension funding. It is ideal for founders aiming to offer specialized services or products in this economic niche within the Romanian market.

Who should avoid:

Avoid the exclusive use of code 66 if the main activity of your company shifts towards other commercial or related branches not specified in the official description. See the excluded activities section below.

Division 66 of the Classification of National Economic Activities (CAEN) covers essential financial services, excluding insurance and pension funds. In Romania, this sector has experienced accelerated development after EU accession, due to capital market liberalization and increased investor confidence. Firms in this sphere, whether brokers, consultants, or market administrators, play a crucial role in facilitating capital flows and ensuring transaction transparency. Macroeconomically, this field contributes to market liquidity and attracts foreign direct investments. Entrepreneurs face challenges related to strict regulatory compliance, fierce competition, and market volatility. However, digitalization and the rise of fintechs open new opportunities, from process automation to creating innovative trading platforms. In conclusion, CAEN 66 is a pillar of the modern economy, where innovation and prudence must go hand in hand to ensure sustainable growth.

Included Activities

✅ Administration of financial markets
✅ Brokerage and fund management activities
✅ Financial consultancy services
✅ Foreign exchange operations
✅ Clearing and settlement activities

Excluded Activities

❌ Insurance and pension funding (divisions 65, 66)
❌ Administration of financial markets by public authorities
❌ Accounting and auditing activities

Similar or Related CAEN Codes:

From the same category of economic activities:

View code CAEN 661 View code CAEN 6611 View code CAEN 6612 View code CAEN 6619 View code CAEN 662 View code CAEN 6621

Întrebări Frecvente

What type of companies can use CAEN code 66?

Any legal entity in Romania (SRL, PFA, Individual Enterprise) performing activities related to "financial service activities, except insurance and pension funding" is required to have this code authorized in its articles of incorporation or at the Trade Register.

Are special permits required for CAEN 66?

The need for permits depends on the exact nature of the operations carried out under class 66. Some activities require authorizations from DSV, Environment, or Occupational Safety, while others can be conducted solely based on the self-declaration at incorporation.