Listed equity and bonds

Our bank owns and consolidates an Investment Fund Company (manager of several mutual/investment funds) and additionally has Wealth Management as well as Brokerage House services as internal departments of the Bank. All three activities involve investments in listed equity and bonds but none of such investments can be seen on our consolidated year-end Balance Sheet. This is because all such assets (bonds/equities) belong to our clients. Our bank’s proprietary trading operations outside the trading portfolio are closed on each business day and therefore are also not shown on the consolidated Balance Sheet. Please let us know which of the following options is correct: 1. None of these 3 activities falls under required SBTi target setting activities, 2. All positions in equities and bonds held in the name of our clients and outstanding at the year-end date by the 3 activities should be covered in full or 3. other option.