A-B
SES Glossary of terms, A-B.
Accepting an exam
Used by an agency after conducting an internal assessment and determining that it can fully accept another agency's completed examination outright, without further review of the licensee and in lieu of conducting its own examination.
Active
Status of an open supervisory activity.
Area for Review
A topic of regulatory review that can be used to define the
scope of an examination or investigation. It assists in categorizing the Information
Requests and Procedures in an examination.
Area for Review (AFR)
AFR
Agency
State agency that supervises the activities of the financial services industry under its regulatory authority.
Agency-Specific Library Items
Agencies can manage their own state-specific IRs, procedures,
and references. These state-specific items should be unique or different from a standard
library item, whereby the agency cannot rely solely on the standard.
agency library items
Alleged Violation
This type of potential finding is used
only in the SES Consumer Complaints area of the system. An
alleged violation is a potential finding against the company
identified by the state agency during the handling of a
complaint about the company in SES Consumer Complaints.
Alleged violations are identified by the state agency during
the agency’s research and assessment of facts and
circumstances surrounding the consumer complaint, and
communication with the company about the complaint.
Asset Review Date
The as-of date for certain asset portfolio data requested. This date is an optional
field in the system and may not apply to certain business types.
Attachment File
Files that are uploaded to the System by SES users during the course of a supervisory
activity.
Business Activity
Any activity a business engages in for the primary purpose of making a profit. This is a
general term that encompasses all the economic activities carried out by a company
during the course of business.
Business Type
The product or service offered by the financial institution to consumers.