When a Party Wants to Make a Proxy Solicitation of Shareholders

When a party wants to make a proxy solicitation of shareholders in a publicly-held corporation,what must occur following the filing of the proxy materials with the Securities and Exchange Commission?

A) Before sending out the proxy solicitation, that party must wait until receiving the appropriate Securities and Exchange Commission approval of the solicitation materials.
B) The Securities and Exchange Commission will prepare a statement of its position on the matter connected with the proxy solicitation, and this must be sent out along with the proxy solicitation materials.
C) The Securities and Exchange Commission will make the solicitation public, and allow a public comment period.
D) A period of ten days must pass, during which time the Securities and Exchange Commission can notify the party soliciting proxies that additional disclosures are needed.
E) After a period of ten days has passed, the party must seek permission from the Securities and Exchange Commission to send out the solicitation materials.