CVM Instruction No. 214 of May 31, 1994

CVM INSTRUCTION NO. 214, OF MAY 31, 1994.

Amends paragraph 1 of Article 1 of CVM Instruction No. 120, of June 6, 1990, which governs futures, forwards, and options markets referenced in securities.

THE PRESIDENT OF THE SECURITIES AND EXCHANGE COMMISSION makes public that the Collegiate Board, in a session held on this date, in accordance with the provisions of Articles 8, 17, and 18, item II, letter 'a', of Law No. 6,385, of December 7, 1976,

HAS DECIDED:

Article 1. Amend paragraph 1 of Article 1 of CVM Instruction No. 120, of June 6, 1990, with the wording given by Article 2 of CVM Instruction No. 193, of July 23, 1993, which shall enter into force with the following wording:

§1. The guarantee for the transactions referred to in this article may be provided in cash, public or private securities, duly registered in the Special Settlement and Custody System (SELIC) and in the Custody and Financial Settlement Center for Securities (CETIP), respectively, bank guarantee letter, certificates representing gold, or shares, observed the standards established by the stock exchange where the transaction takes place.

Article 2. This instruction shall enter into force on the date of its publication, with paragraph 3 of Article 1 of CVM Instruction No. 120, of June 6, 1990, with the wording given by Article 2 of CVM Instruction No. 193, of July 23, 1993, being revoked.

Original signed by
THOMÁS TOSTA DE SÁ
President