Task: Instance Class Understanding (ontology: Business_Finance/Financial_Industry_Business_Ontology)

Which of the following classes does 'TRANSFORMATION BRANCH TO SUBSIDIARY' belong to as one valid explicit type? Context: GLEIF classifier for corporate actions involving the transfer of all of the assets and liabilities of an International Branch to the new subsidiary entity in exchange for the transfer of securities representing the capital of the subsidiary entity receiving the transfer

A. credit event
B. legal form change
C. request
D. merger / acquisition

Answer: merger / acquisition