North American Industry Classification System (NAICS) Canada 2017 Version 2.0


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523110 - Investment banking and securities dealingUS

This Canadian industry comprises establishments primarily engaged in acting as principals (investors who buy or sell on their own account), generally on a spread basis, in originating, underwriting and/or distributing issues of securities of businesses, governments and institutions.

  • Illustrative example(s)

    • government bond underwriters
    • investment banking
    • securities distributing (acting as a principal in dealing securities to investors)
    • securities originating (acting as a principal in dealing new securities to investors)
    • underwriters, securities

    All examples

  • Inclusion(s)

    • making markets (dealing or trading) in securities
  • Exclusion(s)

    • buying or selling securities for others on a commission basis (See 523120 Securities brokerage)
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