Which of the Following Is True Regarding the Regulation Propounded

Which of the following is true regarding the regulation propounded by the SEC titled Regulation Analyst Certification,Regulation AC?

A) It prohibits analysts from issuing reports that they do not personally believe to be true, and it also requires the disclosure of any analyst compensation arrangements related to specific recommendations or views contained in research reports.
B) It prohibits analysts from issuing reports that they do not personally believe to be true, but it does not require disclosure of any compensation reports.
C) It requires that analysts report compensation arrangements in relation to recommendations or views contained in research reports but, because of problems involving proof, it does not specifically prohibit analysts from issuing reports that they do not personally believe to be true.
D) The regulation will be put into action in phases with the first phase, effective in 2012, requiring disclosure of compensation arrangements in relation to recommendations or views contained in research reports and the second phase, effective in 2014, prohibiting entirely the issuance of recommendations or views in relation to stock for which an initial public offering was made within the previous twelve months.