FINMA Public

Triangles

Abbreviations

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z

A

ACPR: Autorité de contrôle prudentiel et de résolution (France)

AEI: Automatic exchange of information

AFBS: Association of Foreign Banks in Switzerland

AFM: Netherlands Authority for the Financial Markets

AIF: Alternative Investment Fund

AIFM: Alternative Investment Fund Manager

AIFMD: Alternative Investment Fund Managers Directive (EU)

AMF: Autorité des marchés financiers (France/Canada)

AMLA: Swiss Federal Act of 10 October 1997 on Combating Money Laundering and Terrorist Financing in the Financial Sector (Status as of 1 January 2015) (Anti-Money Laundering Act; SR 955.0)

AMLO: Ordinance on the Prevention of Money Laundering and the Financing of Terrorisme (Anti-Money Laundering Ordinance, AMLO; SR 955.01)

AMLO-FINMA: Ordinance of 3 June 2015 of the Swiss Financial Market Supervisory Authority on the Prevention of Money Laundering and Terrorist Financing (Status as of 1 January 2016) (Anti-Money Laundering Ordinance-FINMA; SR 955.033.0)

AOA: Swiss Federal Act of 16 December 2005 on the Licensing and Supervision of Auditors (Status as of 1 January 2015) (Auditor Oversight Act; SR 221.302)

AOO: Swiss Federal Ordinance of 22 August 2007 on the Licensing and Supervision of Auditors (Status as of 1 January 2015) (Auditor Oversight Ordinance; SR 221.302.3)

ASC: Alberta Securities Commission (Canada)

ASCB: Association of Swiss Cantonal Banks

AT1: Additional Tier 1 capital

B

BA: Swiss Federal Act of 8 November 1934 on Banks and Savings Banks (Status as of 1 January 2015) (Banking Act; SR 952.0)

BaFin: Federal Financial Supervisory Authority (Germany)

BCBS: Basel Committee on Banking Supervision

BCR: Basic Capital Requirements

BCSC: British Columbia Securities Commission (Canada)

BIO-FINMA: Ordinance of 30 August 2012 of the Swiss Financial Market Supervisory Authority on the Insolvency of Banks and Securities Dealers (FINMA Banking Insolvency Ordinance; SR 952.05)

BMA: Bermuda Monetary Authority

BO: Swiss Federal Ordinance of 30 April 2014 on Banks and Savings Banks (Status as of 1 January 2015) (Banking Ordinance; SR 952.02)

BVGE: Federal Administrative Court decision

BVV 2: Swiss Federal Ordinance of 18 April 1984 on Occupational Retirement, Survivors’ and Disability Pension Plans (SR 831.441.1)

C

CAO: Swiss Federal Ordinance of 1 June 2012 on Capital Adequacy and Risk Diversification for Banks and Securities Dealers (Capital Adequacy Ordinance; SR 952.03)

CBI: Central Bank of Ireland

CC: Swiss Criminal Code of 21 December 1937 (SR 311.0)

CCs: Control Committees of the Federal Assembly

CDB: Agreement on the Swiss Banks’ Code of Conduct with regard to the exercise of due diligence

CEAT: Committees for Economic Affairs and Taxation of the (Swiss) Federal Assembly

CEAT-N: Committee for Economic Affairs and Taxation of the National Council

CET1: Common Equity Tier 1 capital

CFTC: U.S. Commodity Futures Trading Commission

CHF: Swiss franc

Circ: Circular

CIS: Collective investment schemes

CISA: Swiss Federal Act of 23 June 2006 on Collective Investment Schemes (Status as of 1 January 2015) (Collective Investment Schemes Act; SR 951.31)

CISO: Swiss Federal Ordinance of 27 August 2014 on Collective Investment Schemes (Status as of 1 January 2015) (Collective Investment Schemes Ordinance; SR 951.311)

CISO-FINMA: Ordinance of 21 December 2006 of the Swiss Financial Market Supervisory Authority on Collective Investment Schemes (FINMA Collective Investment Schemes Ordinance; SR 951.312)

CMG: Crisis Management Group

CO: Swiss Civil Code of Obligations of 30 March 1911 (SR 220)

CoCo: Contingent convertible bond

ComFrame: Common Framework for the Supervision of Internationally Active Insurance Groups

CONSOB: Commissione Nazionale per le Società e la Borsa (Italy)

CPMI: Committee on Payments and Market Infrastructures

CPSS: Committee on Payment and Settlement Systems

CSDR: Central Securities Depositories Regulation

CSSF: Commission de Surveillance du Secteur Financier (Luxembourg)

CSSH: Committees for Social Security and Health of the (Swiss) Federal Assembly

CSSH-N: Committee for Social Security and Health of the National Council

CSSH-S: Committee for Social Security and Health of the Council of States

D

DEBA: Swiss Federal Act of 11 April 1889 on Debt Enforcement and Bankruptcy (SR 281.1)

DFS: Department of Financial Services (USA)

DoJ: U.S. Department of Justice

DRG: Diagnosis-related groups

DSFI: Directly subordinated financial intermediary

E

EBA: European Banking Authority

ECB: European Central Bank

ECG: Enlarged Contact Group on the Supervision of Collective Investment Schemes

EEA: European Economic Area

EFSA: Finantsinspektsioon (Estonia)

EMIR: European Market Infrastructure Regulation

ENA: FINMA Enforcement Committee

ESMA: European Securities and Markets Authority

ETF: Exchange-traded funds

EU: European Union

F

FAOA: Swiss Federal Audit Oversight Authority

FAQ: Frequently asked question

FATCA: Foreign Account Tax Compliance Act (US)

FATF: Financial Action Task Force on Money Laundering

FBO-FINMA: Ordinance of 21 October 1996 of the Swiss Financial Market Supervisory Authority on Foreign Banks in Switzerland (Status as of 1 January 2015) (FINMA Foreign Banks Ordinance; SR 952.111)

FC: Finance Committees of the (Swiss) Federal Assembly

FCA: Financial Conduct Authority (UK)

FC-N: Finance Committee of the National Council

FCs: Finance Committees of the (Swiss) Federal Assembly

FDIC: Federal Deposit Insurance Corporation (USA)

FDJP: Swiss Federal Department of Justice and Police

Fed: Federal Reserve System

FFSA: Financial Services Act (planned legislation)

FI: Finansinspektionen (Sweden)

FinDel: Finance Delegation

FinIA: Financial Institution Act (planned legislation)

FINMASA: Swiss Federal Act of 22 June 2007 on the Swiss Financial Market Supervisory Authority (Status as of 1 January 2015) (Financial Market Supervision Act; SR 956.1)

FINRA: Financial Industry Regulatory Authority (USA)

FMA: Financial Market Authority for Liechtenstein/Austria

FMAO-FINMA: Ordinance of 5 November 2014 of the Swiss Financial Market Supervisory Authority on Auditing (Status as of 1 January 2015) (FINMA-FMAO; SR 956.161)

FMIA: Financial Market Infrastructure Act

FOJ: Swiss Federal Office of Justice

Finanstilsynet (Denmark and Norway)
Financial Services ActFinancial
Financial Services Authority (UK, predecessor authority of the PRA and FCA)

FSAP: Financial Sector Assessment Program

FSB: Financial Stability Board

FSC: Financial Services Commission (Gibraltar)

FSMA: Financial Services and Markets Authority (Belgium)

G

G-20: Group of the 20 leading industrialised and developing economies

GDP: Gross domestic product

GFSC: Guernsey Financial Services Commission

GIIPS: Greece, Ireland, Italy, Portugal, Spain

G-SIB: Global systemically important bank

G-SIFI: Global systemically important financial institution

G-SII: Global systemically important insurer

H

HNWI: High-net-worth individual

I

IAIG: Internationally active insurance group

IAIS: International Association of Insurance Supervisors

IBO-FINMA: Ordinance of 17 October 2012 of the Swiss Financial Market Supervisory Authority on Insurance Bankruptcy (FINMA Insurance Bankruptcy Ordinance; SR 961.015.2)

ICA: Swiss Federal Act of 2 April 1908 on Insurance Contracts (Insurance Contract Act; SR 221.229.1)

ICP: Insurance Core Principles

ICS: Insurance Capital Standard (Global capital standard for insurers)

IMF: International Monetary Fund

IOSCO: International Organization of Securities Commissions

IPO: Initial public offering

IRB: Internal ratings-based

IRS: Internal Revenue Service (US)

ISA: Swiss Federal Act of 17 December 2004 on the Supervision of Insurance Companies (Status as of 1 January 2015) (Insurance Supervision Act; SR 961.01)

ISDA: International Swaps and Derivatives Association

ISO: Swiss Federal Ordinance of 9 November 2005 on the Supervision of Private Insurance Companies (Status as of 1 January 2013) (Insurance Supervision Ordinance; SR 961.011)

J

JFSC: Jersey Financial Services Commission

L

LCR: Liquidity coverage ratio

LIBOR: London Interbank Offered Rate

LiqO: Swiss Federal Ordinance of 30 November 2012 on the Liquidity of Banks (Status as of 1 January 2015) (Liquidity Ordinance; SR 952.06)

M

MbO: Management by Objectives

MDIFP: Missouri Department of Insurance, Financial Institutions and Professional Registration

MFSA: Malta Financial Services Authority

MiFID: Markets in Financial Instruments Directive

MiFIR: Markets in Financial Instruments Regulation

MMoU: Multilateral Memorandum of Understanding

MoU: Memorandum of understanding

N

NAIC: National Association of Insurance Commissioners (USA)

NSFR: Net stable funding ratio

O

OAK BV: Swiss Federal Occupational Pensions Regulatory Commission

OCC: Office of the Comptroller of the Currency (USA)

ODRG: OTC Derivatives Regulators Group

OPPFI: Ordinance of 18 November 2009 on the Professional Practice of Financial Intermediation (SR 955.071; German acronym VBF)

ORSA: Own Risk and Solvency Assessment

OSC: Ontario Securities Commission (Canada)

OTC: Over the counter

P

PEP: Politically exposed person

PRA: Prudential Regulation Authority (UK)

Q

QIS: Quantitative impact study

R

RAP: Resolvability Assessment Process

RCAP: Regulatory Consistency Assessment Programme

R-COPA

RSS: Really Simple Syndication

RWA: Risk-weighted assets

S

SBA: Swiss Bankers Association

SEC: U.S. Securities Exchange Commission

SECO: Swiss State Secretariat for Economic Affairs

SESTA: Swiss Federal Act of 24 March 1995 on Stock Exchanges and Securities Trading (Status as of 1 January 2015) (Stock Exchange Act; SR 954.1)

SESTO: Swiss Federal Ordinance of 2 December 1996 on Stock Exchanges and Securities Trading (Status as of 1 January 2015) (Stock Exchange Ordinance; SR 954.11)

SESTO-FINMA: Ordinance of 25 October 2008 of the Swiss Financial Market Supervisory Authority on Stock Exchanges and Securities Trading (FINMA Stock Exchange Ordinance; SR 954.193)

SFAMA: Swiss Funds & Asset Management Association

SFBC: Swiss Federal Banking Commission (one of FINMA’s predecessor authorities)

SIA: Swiss Insurance Association

SICAF: Investment company with fixed capital

SICATC: Swiss Institute of Certified Accountants and Tax Consultants

SICAV: Investment company with variable capital

SIF: Swiss State Secretariat for International Financial Matters

SIFI: Systemically important financial institution

SNB: Swiss National Bank

SQA: Swiss Qualitative Assessment

SRO: Self-regulatory organisation

SRO-SIA: Self-Regulatory Organisation of the Swiss Insurance Association

SSM: Single supervisory mechanism

SSPA: Swiss Structured Products Association

SST: Swiss Solvency Test

T

T1: Tier 1 capital

T2: Tier 2 capital

TLAC: Total loss-absorbing capacity

TOB: Swiss Takeover Board

TSX: Toronto Stock Exchange (Canada)

U

UCITS: Undertaking for Collective Investment in Transferable Securities

UCITS: UCITS are Undertakings for Collective Investment in Transferable Securities. The EU’s UCITS Directive (2009/65/EU) sets out Europe-wide standard requirements for collective investment schemes open to public investors.

W

WTO: World Trade Organization