CVM Instruction No. 198 of March 1, 1993

CVM INSTRUCTION NO. 198, OF MARCH 1, 1993.

Provides for the update of the brokerage fee table adopted by members of Stock Exchanges.

The PRESIDENT OF THE SECURITIES AND EXCHANGE COMMISSION - CVM makes public that, "ad referendum" of the Board, in accordance with art. 17, item XVII, of Ordinance 327, of July 11, 1977, as amended by Ordinance 16 of January 15, 1993, and based on article 37 of the Regulation annexed to Resolution No. 1656, of October 26, 1989, of the National Monetary Council,

RESOLVES:

Art. 1

Alter the brokerage fee table adopted by members of Stock Exchanges, which shall become the following for variable income securities, based on the total market value of operations executed in the same Stock Exchange, on the same day, for the same client:

1. up to CR$ 9,981,153.00 - 2%, minimum of CR$ 54,079.00
2. on the amount exceeding CR$ 9,981,153.00 up to CR$ 30,320,427.00 - 1.5%
3. on the amount exceeding CR$ 30,320,427.00 up to CR$ 60,640,856.00 - 1.0%
4. on the amount exceeding CR$ 60,640,856.00 - 0.5%.

Art. 2

The values expressed in cruzeiros contained in the table above shall be corrected monthly, on the first business day of each month, based on the variation of the IGP-M - General Price Index - Market, published by the Getulio Vargas Foundation.

Art. 3

This Instruction shall enter into force on the date of its publication, with CVM Instruction No. 188 of June 17, 1992 being revoked.

Original signed by
LUIZ CARLOS PIVA
President