A government committee has concluded that investment company fees should be disclosed to clients each quarter and has proposed new legislation to require this. Currently, the legal requirement is to report such data annually. In compliance with current legal requirements, Dolphin Investments discloses its fees annually. Eugene Shin, CFA, Dolphin's compliance officer, learns of the proposed changes but does not convert Dolphin's reporting to a quarterly basis. Shin's decision not to act: A) is not a violation of the Code and Standards. B) constitutes professional misconduct as defined in the Code and Standards. C) is a violation of his duty to employer as defined in the Code and Standards. D) is a violation of his responsibilities as a supervisor as defined in the Code and Standards.