CVM Instruction No. 187 of April 28, 1992 (Revoked)

CVM INSTRUCTION NO. 187, OF APRIL 28, 1992

Provides for the monetary updating of accounting statements, starting from January 1992.

The PRESIDENT OF THE SECURITIES AND EXCHANGE COMMISSION - CVM - makes public that the Collegiate Board, in a meeting held on this date, based on Articles 176, "caput" and its paragraphs 1 and 4, 177, paragraph 3, and 249, sole paragraph, of Law No. 6,404, of December 15, 1976, on items II, IV, and VII of the sole paragraph of Article 22 of Law No. 6,385, of December 7, 1976, and on Articles 48 and 51 of Law No. 8,383, of December 30, 1991.

RESOLVED:

Art. 1. Public companies shall use, in the preparation of accounting statements in corporate form and in constant purchasing power currency, starting from January 1992, the variation of the UFIR (Reference Fiscal Unit) or another index that may replace it.

Sole Paragraph. With the application of the UFIR (Reference Fiscal Unit), in substitution for the INPC, the alternative concepts of using indices provided for in items I, II, III, and IV of Article 2 of CVM Instruction No. 146, of June 13, 1991, for the preparation of accounting statements in constant purchasing power currency, are maintained.

Art. 2. The monetary updating of monthly results, provided for in paragraph 9 of Article 38 of Law No. 8,383, of December 30, 1991, shall not affect net profit or loss for corporate purposes.

Art. 3. This Instruction shall enter into force on the date of its publication, with CVM Deliberation No. 139, of December 11, 1991, and other provisions to the contrary, being revoked.

Original signed by
ROBERTO FALDINI
President