Which department recommends changes to the listing rule?

• A. Corporate governance division
• B. Corporate planning division
• C. Internal audit division
• D. Corporate finance division

Answer: (D)

Listing rules govern how securities join and stay on the market, and the division that works most closely with issuers, capital-raising, and market structure is the corporate finance division. This team analyzes how listings operate, how amendments would affect fundraising, disclosure, and investor protection, and is in a position to propose changes that improve market efficiency and transparency. Other divisions focus on governance standards, internal controls, or strategic planning, rather than shaping the regulatory framework for listings.