SAP means, with respect to any Insurance Subsidiary, the statutory accounting practices prescribed or permitted by the insurance commissioner (or other similar authority) in the jurisdiction of such Insurance Subsidiary for the preparation of annual statements and other financial reports by insurance companies of the same type as such Insurance Subsidiary that are applicable to the circumstances as of the date of filing of such statement or report.
IFRS means the International Financial Reporting Standards as issued by the International Accounting Standards Board.
HKFRS Hong Kong Financial Reporting Standards issued by the Hong Kong Institute of Certified Public Accountants
OCS means the Office of the Chief Scientist of the Ministry of Industry, Trade and Labor of the State of Israel.
SSAP means a sporting sanctions appeal panel to be appointed to determine an appeal against a deduction of points under Rule 13.