Regulation (EC) No 25/2009 of the European Central Bank (repealed)Show full title

PART 3 Definitions of sectors

The ESA 95 provides the standard for the sector classification. Counterparties located in the territory of the participating Member States are identified according to their sector in accordance with the list of MFIs for statistical purposes and the guidance for the statistical classification of counterparties provided in the ECB's Sector Manual. Banking institutions located outside the Member States are referred to as ‘banks’ rather than as MFIs. Similarly, the term ‘non-MFI’ refers only to the Member States; for other countries the term ‘non-banks’ is used.

Table Definitions of sectors

Sector	Definition
MFIs	See Article 1 of this Regulation
General government (S.13) (ESA 95, paragraphs 2.68 to 2.70)	Resident units which are principally engaged in the production of non-market goods and services intended for individual and collective consumption, and/or in the redistribution of national income and wealth
Central government (S.1311) (ESA 95, paragraph 2.71)	Administrative departments of the State and other central agencies whose competence extends over the whole economic territory, except for the administration of social security funds
State government (S.1312) (ESA 95, paragraph 2.72)	Separate institutional units exercising some of the functions of government at a level below that of central government and above that of local government, except for the administration of social security funds
Local government (S.1313) (ESA 95, paragraph 2.73)	Public administration whose competence extends only to a local part of the economic territory, excluding local agencies of social security funds
Social security funds (S.1314) (ESA 95, paragraph 2.74)	Central, state and local institutional units whose principal activity is to provide social benefits
Other financial intermediaries (S.123) + financial auxiliaries (S.124) (ESA 95, paragraphs 2.53 to 2.59)	Financial corporations and quasi-corporations (except insurance corporations and pension funds) principally engaged in financial intermediation by incurring liabilities in forms other than currency, deposits and/or close substitutes for deposits from institutional units other than MFIs, or insurance technical reserves. FVCs, non-MFI central counterparties and financial auxiliaries consisting of all financial corporations and quasi-corporations that are principally engaged in auxiliary financial activities are included
Insurance corporations and pension funds (S.125) (ESA 95, paragraphs 2.60 to 2.67)	Financial corporations and quasi-corporations principally engaged in financial intermediation as the consequence of the pooling of risks
Non-financial corporations (S.11) (ESA 95, paragraphs 2.21 to 2.31)	Corporations and quasi-corporations not engaged in financial intermediation but principally in the production of market goods and non-financial services
Households (S.14) and non-profit institutions serving households (S.15) (ESA 95, paragraphs 2.75 to 2.88)	Individuals or groups of individuals as consumers, and producers of goods and non-financial services exclusively for their own final consumption, and as producers of market goods and non-financial and financial services provided that their activities are not those of quasi-corporations. Non-profit institutions which serve households and which are principally engaged in the production of non-market goods and services intended for particular groups of households are included
Sole proprietors and unincorporated partnerships (sub-population of ‘Households’) (ESA 95, paragraph 2.76d)	Sole proprietors and unincorporated partnerships without independent legal status — other than those created as quasi-corporations — which are market producers. This includes unincorporated businesses, (partnerships of) self-employed lawyers, doctors etc. In the case of sole proprietors, the business entity is inseparably linked to the natural person(s) who is/are the owner(s), combining all rights and obligations arising from the business and the private sphere