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Which of the following is a CORRECT statement of a member's duty under the Code and Standards? A. A member is required to comply only with applicable local laws, rules, regulations, or customs even though the CFA Institute Code and Standards may impose a higher degree of responsibility or a higher duty on the member. B. In the absence of specific applicable law or other regulatory requirements, the Code and Standards govern the member's actions. C. A member who trades securities in a foreign securities market where no applicable local laws or stock exchange rules regulate the use of material nonpublic information may take investment action based on this information. |