CVM Instruction No. 136 (Repealed)

CVM INSTRUCTION NO. 136, OF DECEMBER 5, 1990.

Provides for the annual fees to be paid by societies benefiting from resources originating from tax incentives.

THE PRESIDENT OF THE SECURITIES AND EXCHANGE COMMISSION OF BRAZIL (CVM) makes public that the Collegiate Board, in a session held on this date, and based on the provisions of Articles 1, item I, and 3, item I, letters "a" and "c", of Decree-Law No. 2,298, of November 21, 1986, and § 4 of Article 16 of CVM Instruction No. 92, of December 8, 1988,

HAS RESOLVED:

Art. 1 The society benefiting from resources originating from tax incentives shall pay, starting from the 1991 fiscal year, an annual contribution to the Stock Exchange that admitted its securities for trading, in accordance with the annexed table.

Art. 2 The calculation of the annual contribution, due to the Stock Exchange by the society benefiting from tax incentives, shall be based on the paid-in capital plus the amount of the monetary correction reserve of capital, determined as of December 31 of the immediately preceding fiscal year.

Art. 3 For the purposes of calculating the contribution, the value referred to in Article 2 shall be converted by the Reference Value (MVR), in effect on the same date as the values considered.

Art. 4 This Instruction enters into force on the date of its publication in the Official Gazette of the Union, revoking CVM Instruction No. 133, of October 30, 1990.

Signed original by
ARY OSWALDO MATTOS FILHO
President

ANNEX TO CVM INSTRUCTION NO. 136, OF DECEMBER 5, 1990.

TABLE OF ANNUAL FEES

CAPITAL ANNUAL FEE

In reference value In reference value

FROM TO

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• 14,000 30
  14,001 28,000 48
  28,001 56,000 75
  56,001 112,000 117
  112,001 224,000 173
  224,001 448,000 228
  448,001 - 296

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OBSERVATION: Reference Value established in the manner of Law No. 6,025, of 04/20/75.