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

Which of the following definitions best describes the instance 'CONS'?

A. ISO 15022 classifier for corporate actions that involve a decrease in a company's number of outstanding equities without any change in the shareholder's equity or the aggregate market value at the time of the split
B. ISO 15022 classifier for corporate actions that involve procedures aiming to obtain consent of holder to a proposal by the issuer or a third party without convening a meeting
C. ISO 15022 classifier for corporate actions involving information provided by the issuer having no accounting/financial impact on the holder
D. ISO 15022 classifier for corporate actions in which an offer is made to existing shareholders by the issuing company to repurchase equity or other securities convertible into equity

Answer: ISO 15022 classifier for corporate actions that involve procedures aiming to obtain consent of holder to a proposal by the issuer or a third party without convening a meeting