Our registered scope contains twenty organizational categories, seated on two sides of the table: OWNERSHIP — holding-company forms that hold equity (13), and MANAGEMENT — the offices that direct subsidiaries (7). Scope boundaries are marked below.
Seats H-01–H-13 hold equity interests — "except managing" is part of the classification. A holding form and a managing office are different legal creatures, so they sit on different sides.
Seats H-14–H-20 are the working offices — the corporate, regional, headquarters, and subsidiary-management functions that actually direct operations.
Listing a holding form describes registered scope — not an offer of securities, an investment vehicle, or a claim of regulatory registration. See the Terms.