CVM Instruction No. 152 of July 11, 1991

CVM INSTRUCTION NO. 152, OF JULY 11, 1991.

Amends paragraph 1 of Article 1 of CVM Instruction No. 120, of 06.06.90, which provides for futures, forward, and options markets with securities.

The PRESIDENT OF THE SECURITIES AND EXCHANGE COMMISSION - CVM makes public that the Collegiate Body, in a session held on 10.07.91, in accordance with the provisions of Articles 8, 17, and 18, item II, clause 'a' of Law No. 6,385, of December 7, 1976,

HAS RESOLVED:

Article 1. Amend paragraph 1 of Article 1 of CVM Instruction No. 120, of 06.06.90, which shall henceforth read as follows.

"§1. In the cases referred to in clauses 'a' and 'b', the security may be provided in cash, gold representative certificates, federal public bonds, unconditional bank guarantee letters, credit insurance, or quotas of closed-end equity mutual funds."

Article 2. This Instruction enters into force on the date of its publication in the Official Gazette of the Union.

Signed original by
ARY OSWALDO MATTOS FILHO
President