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Glossary

Glossary

On ESMA's website we use a number of abbreviations and acronyms.  The full term is normally used at the beginning of the article, but we have gathered a list of the most commonly used acronyms here for your ease of reference.

    AII     Alternative Instrument Identifier
    AIFMD  Alternative Investment Fund Managers Directive
    AMLTF   Anti-Money Laundering Task Force
    AUM Assets Under Management
    ARC Accounting Regulatory Committee
    AuRC  Auditing Regulatory Committee
    CCP       Central Counterparty Clearing
    CEMA   Standing Committee for Market and Economic Analysis
    CEREP    Central Ratings Repository
    CDS Credit Default Swaps
    CDO   Collateralized Debt Obligations
    CFTC Commodity Futures Trading Commission
    Commission European Commission 
    CPSS Committee on Payment and Settlement Systems
    CRAs Credit Rating Agencies
    CRD Capital Requirements Directive
    CSD Central Securities Depositories
    EBA European Banking Authority
    ECB   European Central Bank
    ECON Economic and Monetary Affairs Committee of the European Parliament
    EEA European Economic Area
    EECS European Enforcers’ Co-ordination Sessions
    EFC Economic and Financial Committee
    EFRAG European Financial Reporting Advisory Group
    EIOPA European Insurance and Occupational Pensions Authority
    EMIR European Market Infrastructure Regulation
    EP European Parliament
    ESRB European Systemic Risk Board
    EU European Union
    ESAs European Supervisory Authorities
    ESC European Securities Committee
    ESCB European System of Central Banks
    ESFS European System of Financial Supervision
    ESMA European Securities and Markets Authority
    FASB Financial Accounting Standards Board
    FCD / FICOD Financial Conglomerates Directive
    FSB  Financial Stability Board
    FSC Financial Services Committee
    FST Financial Stability Table
    GAAP Generally Accepted Accounting Principles
    IA Impact Assessment
    IAASB  International Auditing and Assurance Standards Board
    IASB International Accounting Standards Board
    IFRS  International Financial Reporting Standards
    IFRS IC International Financial Reporting Standards Interpretations Committee
    IOSCO International Organisation of Securities Commissions
    IPO Initial Public Offering
    IT Information Technology
    M&A Mergers and Acquisitions
    MAD Market Abuse Directive
    MiFID Markets in Financial Instruments Directive
    MoU   Memorandum of Understanding
    MTF Multilateral Trading Facility
    NCAs National Competent Authorities
    OAM Officially Appointed National Mechanism
    OFC Non-cooperative Jurisdictions
    OTC Over-The-Counter
    Q&A Questions and Answers
    SEC Securities and Exchange Commission
    SLD  Securities Law Directive
    SMSG Securities Markets Stakeholder Group
    SSM Single Supervisory Mechanism
    TD Transparency Directive
    TOD Takeover Bids Directive
    TREM Transaction Reporting Exchange Mechanism
    UCITS Undertakings for Collective Investment in Transferable Securities (Directive)
    US United States
    XBRL Extensible Business Reporting Language