CVM Instruction No. 154 of July 24, 1991

CVM INSTRUCTION NO. 154, OF JULY 24, 1991.
Permits the use of quotas from closed-end equity investment funds as collateral in index futures markets.

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 89, and item "a", item II of Article 18 of Law No. 6,385, of December 7, 1976,

HAS RESOLVED:

Article 1. Operations in stock index futures markets may use quotas of equity Investment Funds, established in the form of a closed-end condominium, as collateral.

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

Signed original by
RENÊ DE OLIVEIRA GARCIA JÚNIOR
Acting President