Matthew Murphy, CFA, is an analyst at Divisadero Securities &Co.. If Murphy lives and works in a country where applicable laws differ from the requirement of the Code of Ethics and Standards of Professional Conduct, :（）
A. Murphy must comply to the applicable local law of the country.
B. Murphy must comply to the Code of Ethics and Standards of Professional Conduct.
C. Murphy must comply to the stricter of the applicable local law of the country or the Code of Ethics and Standards of Professional Conduct.
