CVM INSTRUCTION NO. 178, OF FEBRUARY 13, 1992.

Amends CVM Instruction No. 171, of January 23, 1992

THE PRESIDENT OF THE SECURITIES AND EXCHANGE COMMISSION - CVM makes public that the Collegiate Board, in a session held on this date, and based on the provisions of Article 19 of Law No. 6,385, of December 7, 1976, and CVM Instruction No. 149, of July 3, 1991,

HAS RESOLVED:

Art. 1º - Paragraph 2 of Article 3 of CVM Instruction No. 171, of January 23, 1992, shall be effective with the following wording:

"§2º - The balance may be invested in shares of open companies not belonging to the mining sector, acquired on stock exchanges or in organized over-the-counter markets, in quotas of Financial Application Funds, or in fixed-income securities of free choice by the administrator."

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

Original signed by
ARY OSWALDO MATTOS FILHO
President