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Acronyms

We prepared a non-exhaustive list of acronyms that are commonly used in EU policy circles or within financial services organisations. We do not take responsibility for its completeness nor for its correctness, but we believe it is a useful list when working with EFAMA and when reading papers related to European financial services regulation.  

 

Are you missing an acronym? Do let us know at info(at)efama.org 

 

 

More sources: 

 

https://www.investopedia.com

 

https://financial-dictionary.thefreedictionary.com

Acronyms in financial services legislation

AIF 

Alternative Investment Fund

AIFMD

Alternative Investment Fund Managers Directive 

AMC

Asset Management Company

AML

Anti-Money Laundering 

APA

Approved Publication Arrangement

ARIS 

Absolute Return Innovative Strategies 

ARM

Approved Reporting Mechanism

AuM 

Assets under Management 

BEPS 

Base Erosion and Profit Shifting 

CCP

Central Clearing Counterparties

CFA

Chartered Financial Analyst

CFI

Classification of Financial Instrument 

CFTC

Commodity Futures Trading Commission

CNAV 

Constant Net Asset Value 

CMU

Capital Markets Union 

CRR

Capital Requirements Regulation

CSDR

Central Securities Depositary Regulation 

CSRD

Corporate Sustainability Reporting Directive

CT

Consolidated Tape

CTP

Consolidated Tape Provider

DAC

Directive on Administrative Cooperation 

DB

Defined Benefit

DC

Defined Contribution

DNSH

Do No Significant Harm 

DSB

Derivatives Service Bureau 

DTO

Derivatives Trading Obligations

EBA

European Banking Authority

EBF

European Banking Federation

EC 

European Commission 

ECB 

European Central Bank 

ECMI

European Capital Market Institute 

EMMI

European Money Market Institute

EFC 

European Fund Classification

EFRAG

European Financial Reporting Advisory Group

EIOPA

European Insurance and Occupational Pensions Authority

ELTIF

European Long-term Investment Funds

EMIR

European Market Infrastructure Regulation

EMT

European MiFID template

EONIA

Euro Overnight Index Average

EP

European Parliament

ESA

European Supervisory Authorities

ESAP 

European Single Access Point

ESG

Environment, Social, Governance

ESFS

European System of Financial Supervision

ESMA

European Securities and Markets Authority

ETC

Exchange-traded Commodity

ETF 

Exchange-traded Fund

ETI

Exchange-traded Instruments

ETN

Exchange-traded Note

ETP

Exchange-traded Products

EU

European Union

Euribor

Euro Interbank Offered Rate 

EUSEF

European Social Entrepreneurship Funds

EUVECA

European Venture Capital Funds 

FCA

Financial Conduct Authority (UK)

FESE

Federation of European Securities Exchanges

FinDatEx

Financial Data Exchange Templates 

FINRA

Financial Industry Regulatory Authority

FMPs

Financial Market Participants

FSB

Financial Stability Board

FSC

Financial Services Committee

FSUG

Financial Services User Group

FTT

Financial Transaction Tax

GDP

Gross Domestic Product

HLEF

High Level Expert Forum

HNWI

High Net Worth Individuals 

HTRM

Hybrid Transaction Reporting Mechanism

IASB

International Accounting Standards Board

IBOR

Interbank Offered Rates

ICI 

Investment Company Institute

ICPF

Insurance Corporations and Investment Funds

IIFA

International Investment Funds Association

IFRS

International Financial Reporting Standards

IFRIC

International Financial Reporting Interpretations Committee

IMD

Insurance Mediation Directive

IMF

International Monetary Fund

IMF

Investment Management Forum

IORP

Institutions for Occupational Retirement Provision 

IOSCO

International Organization of Securities Commissions

ISDA

International Swaps and Derivatives Association

ISIN

International Securities Identification Number

ISSB

International Sustainability Standards Board

KID

Key Information Document

KIID

Key Investor Information Document

KPI

Key Performance Indicator

LIBOR

London Interbank Offered Rate

LMT

Liquidity Management Tools

LST

Liquidity Stress Test

LVNAV

Low Volatility Net Asset Value

MiFID 

Markets in Financial Instruments Directive

MiFIR

Markets in Financial Instruments Regulation

MFI

Monetary Financial Institutions

MMF

Money market fund

NAV

Net Asset Value

NCA

National Competent Authorities

NFC

Non-financial Corporations

NFRD

Non-Financial Reporting Directive 

OCERP 

Officially Certified European Retirement Plan

OFI 

Other Financial Intermediaries

OTC

Over-the-counter

PEPP

Pandemic Emergency Purchase Programme

PEPP

pan-European Personal Pension Product

PRIP 

Packaged Retail Investment Product

PRIIPs

Packaged Retail Investments and Insurance-based Products

QIF

Qualifying Investor Funds

QPAM

Qualified Professional Asset Manager

RTS

Regulatory Technical Standard

SEC

US Securities and Exchange Commission

SFDR

Sustainable Finance Disclosure regulation

SFTR 

Securities Financing Transaction Regulation

STO

Share Trading Obligation

TEG

Technical Expert Group

TCA

Transaction Cost Analysis

TR

Trade Repository

UPI

Unique Product Identifier 

UTI

Unique Trade Identifier

VAT

Value-added Tax

VNAV

Variable Net Asset Value

UCITS

Undertakings for Collective Investment in Transferable Securities Directive

 

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