Circular Letter CVM/SMI 01/2017

24/01/2017 :: SEI / CVM 0213027 OfícioCircular ::
https://sei.cvm.gov.br/sei/controlador.php?acao=documento_imprimir_web&acao_origem=arvore_visualizar&id_documento=228894&infra_sistema=1000… 1/2 COMISSÃO DE VALORES MOBILIÁRIOS Rua Sete de Setembro, 111 27º andar ‐ Bairro Centro ‐ Rio de Janeiro/RJ ‐ CEP 20050‐901 Telefone: (21)3554‐8436 ‐ www.cvm.gov.br OfícioCircular nº 1/2017/CVM/SMI/GME Rio de Janeiro, 10 de janeiro de 2017. Aos Agentes Autônomos de Investimentos Assunto: Declaração negativa anual Art. 7ºA da Instrução CVM nº 301/99. Prezados(as) Senhores(as),

1. Article 7-A of CVM Instruction No. 301/99 determines that, in cases where the persons mentioned in Article 2 of the Instruction have not made any communication to the Financial Activities Control Council (COAF) under the terms of Article 7, a declaration must be sent during the month of January of each year informing that no transactions or proposals for transactions subject to communication occurred in the previous calendar year.

2. The SMI informs that the CVM indicated the following market participants as persons authorized in the CVM segment of SISCOAF:

2.1. Real Estate Investment Fund Administrators
2.2. Credit Rights Investment Fund Administrators
2.3. Credit Risk Rating Agencies
2.4. Commercial Banks
2.5. Investment Banks
2.6. Multiple Banks with Investment Portfolio
2.7. Multiple Banks without Investment Portfolio
2.8. Savings Banks
2.9. Securities Consultants
2.10. Credit Cooperatives
2.11. Securities Brokers
2.12. Securities Custodians
2.13. Central Securities Depositories
2.14. Securities Distributors
2.15. Securities Registrars

24/01/2017 :: SEI / CVM 0213027 OfícioCircular ::
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2.16. Organized Market Administrating Entities
2.17. Portfolio Administration Service Providers
2.18. Independent Auditors
2.19. BM&FBOVESPA MARKET SUPERVISION – BSM

3. As can be seen, the list does not include Independent Investment Agents, and therefore there is no need for these professionals to send the declaration mentioned in item 1.

4. The decision to exclude independent agents from the list of obligated persons stems from the requirement set forth in Article 1 of CVM Instruction No. 497 that they always act as proxies for institutions part of the distribution system, which will, in turn, be the obligated persons. It is worth noting, however, that the obligation to send the Negative Declaration to COAF does not exempt them from complying with the rules of the intermediaries to which they are affiliated, especially those related to anti-money laundering and counter-terrorist financing routines.

5. Further clarification on the subject can be obtained from the Market Structure and Electronic Systems Management (GME) via email gme@cvm.gov.br.

6. Regarding participants obligated to send the declaration, the SMI recalls the guidelines provided in Annex II of Circular Letter CVM/SMI 5/2015 and Circular Letter CVM/SMI/SIN 1/2015, available on the CVM website.

Sincerely,

Document electronically signed by Francisco José Bastos Santos, Superintendent, on 23/01/2017, at 18:24, in accordance with Article 1, III, "b", of Law 11.419/2006. The authenticity of the document can be verified on the site https://sei.cvm.gov.br/conferir_autenticidade, by providing the verification code 0213027 and the CRC code 5E01C3DE. This document's authenticity can be verified by accessing https://sei.cvm.gov.br/conferir_autenticidade, and typing the "Código Verificador" 0213027 and the "Código CRC" 5E01C3DE. Reference: Process No. 19957.000387/2017‐80 SEI Document No. 0213027