CVM Instruction No. 256 of November 8, 1996

CVM INSTRUCTION NO. 256, OF NOVEMBER 8, 1996.

Amends Articles 13 and 25 of CVM Instruction No. 208, of February 7, 1994.

THE PRESIDENT OF THE SECURITIES AND EXCHANGE COMMISSION - CVM makes public that the Collegiate Board, in a session held on this date, and in accordance with the provisions of Law No. 6,385, of December 7, 1976, based on Article 1 of Law No. 8,685, of July 20, 1993, and Article 2 of Decree No. 974, of November 8, 1993, resolved to issue the following Instruction:

Art. 1st Amend item VIII of Art. 13 of CVM Instruction No. 208, of February 7, 1994, which shall now read as follows:

“Art. 13......
VIII - make, within 48 hours after receipt, the deposit of the captured resources, in accordance with Art. 4 of Law No. 8,685/93, being able to deduct the amounts intended for the payment of financial intermediation, in accordance with the terms and limits established when formulating the registration request. ......”

Art. 2nd Add a sole paragraph to Art. 25 of Instruction No. 208, of February 7, 1994, with the following wording:

“Art. 25 -......
Sole Paragraph. Expenses resulting from the contracting of financial intermediation are included among budgetary costs, and may be deducted from the captured resources, in accordance with item VIII of Art. 13 of this Instruction.”

Art. 3rd This Instruction enters into force on the date of its publication.

Signed original by
FRANCISCO AUGUSTO DA COSTA E SILVA
President