CVM Instruction No. 246 of March 18, 1996 (Repealed)

CVM INSTRUCTION NO. 246, OF MARCH 18, 1996.

Amends CVM Instruction No. 209, of March 25, 1994, which provides for the constitution, operation, and administration of Emerging Company Investment Mutual Funds.

THE PRESIDENT OF THE SECURITIES AND EXCHANGE COMMISSION - CVM makes public that the Collegiate, in a session held on March 15, 1996, and considering the provisions of Resolution No. 1,787, of February 1, 1991, of the National Monetary Council and Article 19 of Law No. 6,385, of December 7, 1976,

RESOLVED:

Art. 1st Amend paragraph 3 of Article 3 of CVM Instruction No. 209, of March 25, 1994, which shall henceforth read as follows:

“ Art. 3 -
......
§3 Only the issuance of quotas with a value equal to or greater than R$ 25,000.00 (twenty-five thousand reais) shall be permitted.”

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

Original signed by
FRANCISCO AUGUSTO DA COSTA E SILVA
President