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

An AFR is a review topic in the agency library that can be used to define the scope of an examination or investigation. AFRs are also used to categorize other library items.

Area for Review (AFR)

AFR

Agency

State agency that supervises the activities of the financial services industry under its regulatory authority.

Agency Library Items

Agency specific procedures, information requests, and references. Only agency staff directors and staff users have the permission to add and manage agency library items. All agency procedures and information requests are available for other agencies to view in the system. However, agency references are not automatically accessible by other agencies with access to SES; agency staff directors and staff users have the option to share, or not share, references with other agencies. All agency users in the agency have access to that agency’s library items and can add them freely to any supervisory activity.

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.