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

Which of the following definitions best describes the instance 'Office of Thrift Supervision'?

A. OTS, which is a part of the OCC, responsible for chartering, regulating, and supervising all federal savings associations
B. the instance (FHFA), responsible for strengthening and securing the United States secondary mortgage markets by providing effective supervision, sound research, reliable data, and relevant policies
C. State of California, Secretary of State, Business Programs Division
D. the instance (CFTC), an independent Federal agency whose mission is to foster open, transparent, competitive, and financially sound markets, to avoid systemic risk, and to protect the market users and their funds, consumers, and the public from fraud, manipulation, and abusive practices related to derivatives and other products that are subject to the Commodity Exchange Act

Answer: OTS, which is a part of the OCC, responsible for chartering, regulating, and supervising all federal savings associations