Conformance to a standard means that you meet or satisfy the ‘requirements’ of the standard. In WCAG 2.0 the ‘requirements’ are the Success Criteria. To conform to WCAG 2.0, you need to satisfy the Success Criteria, that is, there is no content which violates the Success Criteria.
Note: This means that if there is no content to which a success criterion applies, the success criterion is satisfied.
Most standards only have one level of conformance. In order to accommodate different situations that may require or allow greater levels of accessibility than others, WCAG 2.0 has three levels of conformance, and therefore, three levels of Success Criteria.