CVM Instruction No. 252 of July 11, 1996 (Revoked)

CVM INSTRUCTION NO. 252, OF JULY 11, 1996.

Provides for the obligation to provide information to the Securities and Exchange Commission by Stock Exchanges, Futures Exchanges, and Clearing and Settlement Companies for Securities Transactions.

THE PRESIDENT OF THE SECURITIES AND EXCHANGE COMMISSION - CVM makes public that the Collegiate Body, in a meeting held on this date, based on Articles 4, items III, V, and VII, 8, item III, and 17, sole paragraph, of Law No. 6,385 of December 7, 1976,

HAS DECIDED:

Art. 1. Stock Exchanges, Futures Exchanges, and Clearing and Settlement Companies shall, when requested, forward to the Securities and Exchange Commission information related to operations carried out with securities and their derivatives.

Sole Paragraph. With each request for information, the CVM shall define:

I - the deadline for submitting the information, respecting a minimum deadline of 3 (three) business days from the date of the request.

II - the manner in which the information will be provided, which may require magnetic media or data transmission;

III - the level of detail, which may require specification of principals.

Art. 2. Stock Exchanges and Clearing and Settlement Companies, within the scope of their respective competencies, are obliged to forward the following reports to the Securities and Exchange Commission within the specified deadlines:

I - daily, by the following day:

a) report of occurrences in the trading session and the electronic negotiation system, listing operations that were submitted to auction and containing the interferences that occurred, as well as cancelled operations;

b) report on inter-market arbitrage operations; and

c) balance reports of positions in future settlement markets, indicating covered and uncovered positions, at the level of the Brokerage Company, segregating the positions of the own portfolio from those of clients, as well as the list of principals holding the 10 largest bought and sold positions in each market.

II - monthly, by the 5th business day of the following month, the following reports:

a) descriptive report on non-compliance with current legal norms in the securities market and operational deviations that occurred in the trading sessions of the previous month, mentioning the analyses opened and closed during the period and listing the principals involved, as well as the measures adopted; and

b) report on routine audits opened or concluded, citing the Brokerage Companies audited, the scope of the work performed, and the period covered.

Art. 3. Futures Exchanges shall send to the Securities and Exchange Commission daily, by the following day, reports on the movement and positions held in derivative markets on securities.

Art. 4. Non-compliance with the obligations and deadlines provided for in this Instruction will result in the application of a daily fine in the amount of 69.20 (sixty-nine point twenty) UFIRs, without prejudice to the liabilities provided for in Articles 9, item V, and 11 of Law No. 6,385, of December 7, 1976.

Art. 5. This Instruction shall enter into force on the date of its publication in the Official Gazette of the Union, with Articles 3 of CVM Instruction No. 168, of December 23, 1991, and Article 3 of CVM Instruction No. 180, of February 13, 1992, being revoked.

Original signed by

FRANCISCO AUGUSTO DA COSTA E SILVA
President