CVM Instruction No. 311 of August 13, 1999

CVM INSTRUCTION NO. 311, OF AUGUST 13, 1999.

Adds § 5 to Art. 2 and a sole paragraph to Art. 3 of CVM Instruction No. 265, of July 18, 1997, which provides for the registration of societies beneficiaries of resources originating from tax incentives.

THE PRESIDENT OF THE SECURITIES AND EXCHANGE COMMISSION - CVM makes public that the Collegiate Body, in a meeting held on this date, and based on the provisions of Arts. 1, item I, and 3, item I, clauses “a” and “c”, of Decree-Law No. 2,298, of November 21, 1986, RESOLVED to issue the following Instruction:

Art. 1
It is added to Art. 2 of CVM Instruction No. 265, of July 18, 1997, a § 5, with the following wording:

“§ 5 Societies benefiting from resources originating from tax incentives that were obliged to register with the CVM, under the terms of CVM Instruction No. 92/88, and that did not register, may obtain simplified registration, when they intend their subsequent cancellation, under the terms of § 4 of Art. 2 of this Instruction.”

Art. 2
It is added to Art. 3 of CVM Instruction No. 265/97, a sole paragraph, with the following wording:

“Sole paragraph. The request for simplified registration, provided for in § 5 of Art. 2 of this Instruction, shall be accompanied by the following documents:
I - financial statements of the last fiscal year, duly audited by an independent auditor registered with the CVM; II - nominal list of shareholders and their respective shareholdings, as of September 10, 1989 and as of October 31, 1997; III - minutes of the last ordinary general meeting of shareholders; and IV - minutes of the shareholders’ general meeting that decided on the cancellation of registration.”

Art. 3
This Instruction enters into force on the date of its publication in the Official Gazette of the Union.

Signed original by
FRANCISCO DA COSTA E SILVA
President