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. 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.
C. In the absence of specific applicable law or other regulatory requirements, the Code and Standards govern the member’s actions.