CVM Instruction No. 370 of June 18, 2002

CVM INSTRUCTION NO. 370, OF JUNE 18, 2002.

Amends Articles 25 and 26 of CVM Instruction No. 13, of September 30, 1980, adds paragraph 1 and renumbers the sole paragraph of Article 20 of CVM Instruction No. 88, of November 3, 1988, and amends Article 6 of CVM Instruction No. 286, of July 31, 1998.

THE PRESIDENT OF THE SECURITIES AND EXCHANGE COMMISSION - CVM makes it known that, in a meeting held on this date, based on the provisions of Article 4, item VI, Article 8, item I, Article 18, item II, letter 'a', Article 19, paragraphs 1, 2 and 5, Article 20 and Article 21, paragraph 6, item I, all of Law No. 6,385, of December 7, 1976, and Article 17, item II, letter 'c', of Law No. 8,666, of June 21, 1993, resolved to issue the following Instruction:

Art. 1 The Articles 25 and 26 of CVM Instruction No. 13, of September 30, 1980, shall enter into force with the following wording:

“Art. 25. The lead manager shall give wide publicity to the launch through an announcement of the start of distribution, according to Annex II, in a newspaper of large circulation in the locality where the issuing company carries out the publications ordered by the law of joint-stock companies.” (NR)

“Art. 26. ......
......
II - publication of the announcement of the start of distribution (Art. 25); ......” (NR)

Art. 2 Article 20 of CVM Instruction No. 88, of November 3, 1988, shall enter into force with the following wording:

“Art. 20. ......
§1 The distributions referred to in Article 8 of this Instruction may be initiated after the publication of the announcement of the start of distribution.
§2 The notice or announcement of the start of distribution shall be prepared in accordance with Annexes I and II of this Instruction.” (NR)

CVM INSTRUCTION NO. 370, OF JUNE 18, 2002.
2

Art. 3 Article 6 of CVM Instruction No. 286, of July 31, 1998, shall enter into force with the following wording:

“Art. 6 When the alienation of corporate participation held by the Union, States, Federal District, Municipalities and other entities of the Public Administration is registered in accordance with CVM Instruction No. 88/88, the auction notice must be published with a minimum advance notice of 10 (ten) days, observing the conditions provided for in that Instruction for the announcement of the start of distribution. ...... ” (NR)

Art. 4 This Instruction enters into force on the date of its publication in the Official Gazette of the Union.

Signed original by
JOSÉ LUIZ OSORIO DE ALMEIDA FILHO
President