CVM Instruction 222 (Repealed)

CVM INSTRUCTION NO. 222, OF OCTOBER 21, 1994.

Provides for the composition of the portfolio of the Privatization Funds - Foreign Capital.

THE PRESIDENT OF THE SECURITIES AND EXCHANGE COMMISSION makes public that the Collegiate Body, in a session held on this date, and based on the provisions of item I of Article 8 of Law No. 6385, of December 7, 1976, and Resolution No. 1810, of March 27, 1991, of the National Monetary Council, resolved to issue the following Instruction:

Article 1 Article 25 of CVM Instruction No. 157, of August 21, 1991, shall be effective with the following wording:

“Article 25. The Privatization Fund - Foreign Capital shall maintain its assets invested exclusively in:

I - Shares of privatized companies, in accordance with Law No. 8,031, of April 12, 1990, provided they were acquired in the privatization process;

II - Agrarian Debt Titles (TDA);

III - Obligations of the National Development Fund (OFND);

IV - Debentures issued by Siderurgia Brasileira S.A. (SIDERBRÁS);

V - Privatization Certificates;

VI - Other titles and credits representing securitization of debts of the Federal Government, under the protection of Decree No. 348, of November 21, 1991, and Ordinance No. 82, of May 14, 1992, of the National Treasury Secretariat, or of normative acts that may replace them.”

Article 2. Establish a period of 30 (thirty) days, counted from the date of entry into force of this Instruction, for the adaptation of the application of resources of the Funds to the changes hereby made, with immediate prohibition of any acquisitions of assets not listed in the previous article.

Article 3. This Instruction shall enter into force on the date of its publication in the Official Gazette of the Union.

Original signed by
FRANCISCO AUGUSTO DA COSTA E SILVA
Acting President