Glossary 

AGM :Annual General Meeting

AIFM : Alternative Investment Fund Management

Approva :

BaFin : Bundesanstalt für Finanzdienstleistungsaufsicht

BCL : Banque Centrale de Luxembourg

BCP :

BIS : Bank for International Settlement

BPM : Business Process Management

BPS : Business Performance Services

CAA : Commissariat aux Assurances

CFO : Chief Financial Officer

CIO : Chief Information Officer

CoRep : Common Reporting for the Solvency Ratio based on IFRS

CQC : Company Quick Check

CSI system :

CSR : Corporate Social Responsibility

CSSF : Commission de Surveillance du Secteur Financier

CWCM : Cash and Working Capital Management

DRP : Disaster Recovery Planning

ECJ : European Court of Justice

ERM : Enterprise Risk Management

ERP system : Enterprise Resource Planning system

EWG :

FinRep : Financial Reporting based on IFRS

FRM : Financial Risk Management

GAAP : Generally Accepted Accounting Principles

GRC : Governance, Risk and Control

GTMS : Global Tax Management System

IAS : International Accounting Standards

IBR : Independent Business Review

ICAAP : Internal Capital Adequacy Assessment Process

IES : International Executive Services

IFRS : International Financial Reporting Standards

IPO : Initial Public Offering

IRM : Information Risk Management

ISAE : International Standard on Assurance Engagements

IT : Information Technology

ITA : Investment Tax Act

KOLA : KPMG Online Audit

M&A : Mergers & Acquisitions

NPP : New Product Process

RFI : Request for Information

RFP : Request for Proposal

SAS70 : Statement on Auditing Standards no.70

SICAR : Société d'Investissement en Capital à Risque

SME : Small & Medium Enterprise

SOX : Sarbanes-Oxley Act

SPA : Sales and Purchase Agreement

TA : Transfer Agency

UCI : Undertakings for Collective Investments

UCITS : Undertakings for Collective Investments in Transferable Securities

VDD : Vendor due diligence