Circular Letter CVM/SMI/SIN 01/2015

1
Sede: Rua Sete de Setembro, 111/2-5º e 23-34º Andares – Centro – Rio de Janeiro - RJ – CEP: 20050-901 – Brasil – Tel.: (21) 3554-8686 – http://www.cvm.gov.br.
Regional de São Paulo: Rua Cincinato Braga, 340/2º,3º e 4º Andares – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brasil – Tel.: (11) 2146-2000 Regional de Brasília: SCN Q.02 – Bl. A – Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brasil – Tel.: (61) 3327-2030/2031 OFFICIAL LETTER/CVM/SMI/SIN/NO. 001/2015 Rio de Janeiro, January 8, 2015. To Directors Responsible for CVM Instruction No. 301/1999 Subject: Communications regarding Articles 7 and 7-A of CVM Instruction No. 301/99 Dear Sirs:
Gentlemen Directors Responsible for CVM Instruction No. 301, of April 16, 1999,

1. The communication of non-occurrence of proposals, transactions, or operations subject to communication became mandatory since July 12, 2012, by virtue of the amendment to Article 11, item III, of Law No. 9,613, of March 3, 1998, a provision regulated by the CVM through Instruction 534/2013, which in turn amended Instruction 301/1999.
2. Such routine began in the securities market already in 2014, at which time participants with this obligation had to send this “negative declaration” to the COAF, regarding the period from 01/01/2013 to 12/31/2013.
3. Therefore, and with a view to faithful compliance with CVM Instruction No. 301/1999, in particular the provisions of Articles 7 and 7-A, we reiterate that in the event that no communication (“communication”) referred to in the caput of said Article 7 of the aforementioned Instruction was provided to the Financial Activities Control Council – COAF, during the period from 01/01/2014 to 12/31/2014, the institution must communicate by January 31, 2015, the non-occurrence in the previous calendar year of transactions or proposals for transactions subject to communication, in accordance with Article 7-A (“negative declaration”).
4. We emphasize that the “negative declaration,” if applicable, must be sent to the COAF through the Siscoaf system, as occurred last year. This measure aims to provide the use of a single communication system, meaning that the person obligated to send the “negative declaration” does not need to send it to the CVM as provided in the instruction.
5. For this purpose, the persons obligated by Article 2 of CVM Instruction No. 301/1999 must be duly enabled in the Siscoaf system to fulfill the obligations provided in Articles 7 and 7-A of the Instruction.
   Sincerely,
   Waldir de Jesus Nobre
   Superintendent of Market and Intermediary Relations Bruno Barbosa de Luna Superintendent of Institutional Investor Relations in Office