Regulatory Alerts2014-10-25
CVM Resolution No. 105 of January 22, 1991
The Brazilian Securities and Exchange Commission (CVM) issued Resolution No. 105 to establish norms for the constitution of securities brokerage and distribution companies. The resolution formally recognizes securities distribution companies authorized by the Central Bank of Brazil as authorized by the CVM under Resolution No. 1,120. It also approves securities brokerage companies authorized by the Central Bank of Brazil under the provisions of Resolution No. 1,655.
CVM RESOLUTION NO. 105, OF JANUARY 22, 1991. Establishes norms for the constitution of Securities Brokerage and Distribution Companies
The PRESIDENT OF THE SECURITIES AND EXCHANGE COMMISSION - CVM, makes public that the Collegiate Body, in a session held on this date, based on art. 16 of LAW NO. 6,385, of 12/07/76, and on items IV of RESOLUTION NO. 1,120, of 04/04/86, and II of RESOLUTION NO. 1,655, of 10/26/89, both of the National Monetary Council,
DELIBERATED: I - To consider authorized by the Securities and Exchange Commission, for the purposes of art. 3, sole paragraph, of the Regulation annexed to RESOLUTION NO. 1,120, the securities distribution companies authorized to operate by the Central Bank of Brazil; II - To consider approved by the Securities and Exchange Commission, for the purposes of the provision of art. 3, § 2, of the Regulation annexed to RESOLUTION NO. 1,655, the brokerage companies authorized to operate by the Central Bank of Brazil.
Original signed by ARY OSWALDO MATTOS FILHO President