Rule · CVM · 2 Aug 1994
This revoked instruction amended the brokerage fee table adopted by members of Stock Exchanges for variable income securities, establishing a tiered rate structure based on the total market value of operations executed in a single day for the same client. The new rates were set at 2% for amounts up to R$ 498.62, 1.5% for amounts between R$ 498.62 and R$ 1,514.69, 1.0% for amounts between R$ 1,514.69 and R$ 3,029.38, and 0.5% for amounts exceeding R$ 3,029.38, with a minimum fee of R$ 2.70. The instruction entered into force on the date of its publication in the Official Gazette and explicitly revoked CVM Instruction No. 198 of March 1, 1993.
CVM INSTRUCTION NO. 217 OF AUGUST 2, 1994.
Provides for the update of the brokerage fee table adopted by members of the Stock Exchanges.
THE PRESIDENT OF THE SECURITIES AND EXCHANGE COMMISSION - CVM, makes public that the Collegiate Body, in a session held on August 2, 1994, and in accordance with the provisions of Article 37 of the Regulation annexed to RESOLUTION NO. 1,656, of October 26, 1989, of the National Monetary Council,
HAS RESOLVED:
Art. 1st Amend the brokerage fee table adopted by members of the Stock Exchanges, which shall henceforth be as follows 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 R$ 498.62 = 2%, minimum of R$ 2.70.
2 - on the amount exceeding R$ 498.62 up to R$ 1,514.69 = 1.5%.
3 - on the amount exceeding R$ 1,514.69 up to R$ 3,029.38 = 1.0%.
4 - on the amount exceeding R$ 3,029.38 = 0.5%.
Art. 2nd This Instruction shall enter into force on the date of its publication in the Official Gazette of the Union, with CVM INSTRUCTION NO. 198 of March 1, 1993, being revoked.
Original signed by
THOMÁS TOSTA DE SÁ
President
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This document supersedes: CVM Instruction No. 198 of March 1, 1993
Against CVM Instruction No. 198 of March 1, 1993 (1993-03-01)
1 not carried over
1 obligation is the same in both texts.
“Not carried over” means the sentence has no counterpart in this text; the rule can still be in force in another text.
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