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

Which of the following definitions best describes the instance 'CHANGE LEGAL FORM'?

A. GLEIF classifier for corporate actions involving a notification of a change in the legal form of the legal entity
B. GLEIF classifier for corporate actions in which a single company splits into two or more independent, separately-run companies
C. GLEIF classifier for corporate actions involving a notification of a change in the legal form from a Fund legal entity structure with one or more than one sub-funds/compartments to a Fund legal entity structure without sub-funds/compartments
D. 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

Answer: GLEIF classifier for corporate actions involving a notification of a change in the legal form of the legal entity