Regulatory Alerts2011-09-27
CVM Instruction 505: Norms and Procedures for Securities Operations in Regulated Markets
The Brazilian Securities and Exchange Commission (CVM) issued Instruction 505 to establish the norms and procedures applicable to securities transactions conducted in regulated markets. This regulation explicitly revoked several prior instructions and deliberations, including Instructions 122/90, 348/01, and 387/03, to consolidate the regulatory framework for market intermediaries. Although the instruction was subsequently amended by Instructions 526/12, 581/16, and 612/19, it was ultimately revoked by Resolution 35/21.
CVM Instruction 505 (Revoked)
Tue Sep 27 00:00:00 BRT 2011
Establishes norms and procedures to be observed in operations carried out with securities in regulated securities markets.
Revokes the Instructions 122/90 ; 348/01 ; 387/03 ; 395/03 ; 437/06 ; arts. 1 and 2 of Instruction 419/05 and Deliberation 372/01 .
(Published in the Official Gazette on 09/28/11)
CVM Instruction 505 (consolidated text)
CVM Instruction 505 (consolidated text) [DOC]
CVM Instruction 505 (original text)
AMENDED by Instructions 526/12 and 581/16 and 612/19 .
PUBLIC HEARING : SDM 04/09
REVOKED by Resolution 35/21 .