CVM Instruction No. 114 of March 30, 1990

CVM INSTRUCTION NO. 114, OF MARCH 30, 1990.

Provides for the deadline for payment of redemptions of quotas of equity mutual funds.

The PRESIDENT OF THE SECURITIES AND EXCHANGE COMMISSION - CVM makes public that the Collegiate Body, in a session held on this date, based on item II of Resolution No. 1,280, of March 20, 1987, of the National Monetary Council, and on Article 33 of the regulation annexed to the aforementioned Resolution,

HAS RESOLVED:

Article 1.
Establish, as the maximum limit for the payment of redemptions of quotas of equity mutual funds, the 30th (thirtieth) business day, inclusive, subsequent to the day of receipt of the request at the headquarters or premises of the administering institution.

Article 2.
Revoke the provisions of Article 2 of CVM Instruction No. 76, of 04/20/88.

Article 3.
This Instruction enters into force on the date of its publication.

Signed original by
ARY OSWALDO MATTOS FILHO
President