Industry Abbreviations & Acronyms

AA Affirmative Action

AAISA Association of African Insurance Supervisory Authorities

AFS Annual Financial Statements

AIO African Insurance Organisation

ASB Accounting Standards Board

ASSA Actuarial Society of South Africa

BATSETA Council of Retirement Funds for South Africa

BBBEE Broad-Based Black Economic Empowerment

BEE Black Economic Empowerment

BESA Bond Exchange of South Africa

CCI Consumer Credit Insurance

CCP Central Counterparty

CED Consumer Education Department

CIS Collective Investment Schemes

CISCA Collective Investment Schemes Control Act

CISNA Committee of Insurance, Securities and Non-banking Financial Authorities

CPD Corporation for Public Deposits

CPR Comprehensive Parallel Run

CRA Credit Rating Agency

CRSD Credit Rating Services Department

CSD Central Securities Depositories

DAC Department of Arts and Culture

DMA Directorate of Market Abuse

DPW Department of Public Works

dti Department of Trade and Industry

EC Enforcement Committee

EPWP Expanded Public Works Programme

ERP Enterprise Resource Planning

ESMA European Securities and Markets Authority

ETP Electronic Trading Platform

EU European Union

EWP Employee Wellness Programme

Exco Executive Committee

FAIS Financial Advisory and Intermediary Services

FCIS Foreign Collective Investment Schemes (in securities)

FICA Financial Intelligence Centre Act

FSAP Financial Sector Assessment Programme

FSCA Financial Sector Conduct Authority

FSP Financial Services Provider

FSRA Financial Sector Regulation Act

GLEIF Global Legal Entity Identifier Foundation

GRAP Generally Recognised Accounting Practice

HoD Head of Department

HSRC Human Sciences Research Council

IAA International Actuarial Association

IAIS International Association of Insurance Supervisors

ICT Information and Communications Technology

IIRC International Integrated Reporting Council

IMF International Monetary Fund

IOSCO International Organisation of Securities Commissions

IRBA Independent Regulatory Board for Auditors

ISAS International Standards on Auditing

IT Information Technology

JSE Johannesburg Stock Exchange

LEI Legal Entity Identifier

LISPs Linked Investment Service Providers

LOU Local operating unit

NLRD National Learner Records Database

ORSA Own-Risk and Solvency Assessment

OTC Over-the-counter

PAA Public Audit Act

PBSS Pension Benefits and Social Security

PFA Pension Funds Adjudicator

PF Act Pension Funds Act

PFMA Public Finance Management Act

PPE Property, Plant and Equipment

PPR Policyholder Protection Rules

RDR Retail Distribution Review

RE Regulatory Examinations

RSC Regulatory Strategy Committee

SAICA South African Institute of Chartered Accountants

SADC Southern African Development Community

SAM Solvency Assessment and Management

SARB South African Reserve Bank

SASAS South African Social Attitude Survey

SCOF Standing Committee on Finance

SWOT Strengths, Weaknesses, Opportunities and Threats

TCF Treating Customers Fairly

TCS Terminology Coordination Services

TMS Terminology Management System

TTK Trustee Training Toolkit

UOLA Use of Official Languages Act