CVM Instruction No. 162 of September 11, 1991

CVM INSTRUCTION NO. 162, OF SEPTEMBER 11, 1991.

Alters the criterion for composition and Diversification of the Portfolios of the Privatization Fund - Foreign Capital and the Privatization Fund - CP.

The PRESIDENT ACTING OF THE SECURITIES AND EXCHANGE COMMISSION makes public that the Collegiate Board, in a session held on this date, and based on the provisions of item I of Art. 8 of Law No. 6,385, of December 7, 1976, and Resolution No. 1,810, of March 27, 1991, of the National Monetary Council,

RESOLVES:

Art. 1. Alter the wording of Art. 25 of CVM Instruction No. 157, of August 21, 1991, which shall enter into force with the following wording:

"Art. 25. The Privatization Fund - Foreign Capital must maintain its assets invested exclusively in:
I - securities and marketable securities issued by privatized companies, in accordance with Law No. 8,031, of April 12, 1990; II - federal public debt securities; III - overdue debts of the Union, or guaranteed by it, from which their cancellation results, through the corresponding issuance of debentures by a company directly or indirectly controlled by the Union; IV - Obligations of the National Fund for Development (OFND); and V - marketable securities issued by a company resulting from a plurilateral association with the purpose of participating as a buyer in the auctions of the National Privatization Program, in accordance with CVM DELIBERATION NO. 125, of July 24, 1991. Sole Paragraph. ......"

Art. 2. Alter the wording of Article 26 of CVM Instruction No. 141, of March 27, 1991, which shall enter into force with the following wording:

"Art. 26. The Privatization Fund - CP must maintain its assets invested exclusively in:
I - shares of privatized companies in accordance with Law No. 8,031, of April 12, 1990;

CVM INSTRUCTION NO. 162, OF SEPTEMBER 11, 1991.
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II - debentures of privatized companies in accordance with Law No. 8,031, of April 12, 1990, debentures of controlled or affiliated companies, or of controlling companies of these enterprises; III - obligations issued by a legal entity that participates as a buyer in the auctions of the National Privatization Program, observing the maximum limit of 45% (forty-five percent) of the Fund's assets. IV - Marketable securities issued by a company resulting from a plurilateral association with the purpose of participating as a buyer in the auctions of the National Privatization Program, in accordance with CVM DELIBERATION NO. 125, of July 24, 1991; V - Privatization Certificates; and VI - Federal Public Debt Securities. Sole Paragraph. ......"

Art. 3. This Instruction enters into force on the date of its publication in the Official Gazette of the Union.

Original signed by
RENÊ DE OLIVEIRA GARCIA JUNIOR
Acting President