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1.In situations where the laws of a member or candidate's country of residence，the local laws of regions where the member or candidate does business，and the Code and Standards specify different requirements，the member or candidate must abide by：
A.local law or the Code and Standards，whichever is stricter.
B.the Code and Standards or his country's laws，whichever are stricter.
C.the strictest of local law，his country's laws，or the Code and Standards.
【答C
【解析】To comply with Standard I（A）Knowledge of the Law，a member must always abide by the strictest applicable law，regulation，or standard.
2.According to the Standard on independence and objectivity，members and candidates：OA.may accept gifts or bonuses from clients.
OB.may not accept compensation from an issuer of securities in return for producing research on those securities.
OC.should consider credit ratings issued by recognized agencies to be objective measures of credit quality.
【答A
【解析】Gifts from clients are acceptable under Standard I（B）Independence and Objectivity，but the Standard requires members and candidates to disclose such giftsto their employers.Standard I（B）allows issuer-paid research as long as the analysis is thorough，independent，unbiased，and has a reasonable and adequate basis for its conclusions，and the compensation from the issuer is disclosed.Members and candidates should consider the potential for conflicts of interest inherent in credit ratings and may need to do independent research to evaluate the soundness of these ratings.
