EFAMA KPMG Solvency II Report

60 | SOLVENCY II REPORT
6 Glossary
ABS Asset Backed Securities
AIFMD Alternative Investment Fund Managers Directive
ALM Asset and Liability Management
AM Asset Manager
CIC Complementary Identifi cation Code
ECON Economic and Monetary Affairs Committee of European Parliament
EEA European Economic Area
EFAMA European Fund and Asset Management Association
EIOPA European Insurance and Occupational Pensions Authority
ESMA European Securities and Markets Authority
ETF Exchange Traded Fund
EU European Union
FATCA Foreign Account Tax Compliance Act
FSA Financial Services Authority
GAAP Generally Accepted Accounting Principles
IAIS International Association of Insurance Supervisors
ICA Individual Capital Assessment
ICP Insurance Core Principles
IFRS International Financial Reporting Standards
IMAP Internal Model Application Process
ISIN International Securities Identifi cation Number
ISO International Organisation for Standardisation
MiFID Markets in Financial Instruments Directive
NAV Net Asset Value
NDA Non Disclosure Agreement
OECD Organisation for Economic Co-operation and Development
ORSA Own Risk and Solvency Assessment
OTC Over The Counter traded assets
PAQC Pre-Application Qualifying Criteria
PRIPs Packaged Retail Investment Products Directive
QIS 5 Quantitative Impact Survey 5
QRT Quarterly Reporting Template
RMBS Residential Mortgage Backed Securities
S&P Standard & Poor’s
SCR Solvency Capital Requirements
SLA Service Level Agreement
TPA Third Party Administrator
UCITS Undertakings for Collective Investments in Transferable Securities
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