CVM Instruction No. 396 (Revoked)

CVM INSTRUCTION NO. 396, OF OCTOBER 10, 2003.

Provides for the sending of information by open companies to unitholders of FGTS Privatization Mutual Funds and FGTS Investment Clubs, whose portfolios are composed exclusively of securities issued by them.

The PRESIDENT OF THE SECURITIES AND EXCHANGE COMMISSION - CVM makes public that the Collegiate Body, in a meeting held on September 23, 2003, and based on the provisions of item I of art. 8 of Law No. 6,385, of December 7, 1976, art. 29 of Law No. 9,491, of September 9, 1997, and Decree No. 2,430, of December 17, 1997, RESOLVED to issue the following Instruction:

Art. 1
Open companies whose shares exclusively form the portfolio of FGTS Privatization Mutual Funds, constituted in accordance with CVM Instruction No. 279, of May 14, 1998, and FGTS Investment Clubs, constituted in accordance with CVM Instruction No. 280, of May 14, 1998, shall send the reports, advertising information, and any other documents of an informational nature that are regularly sent to their shareholders, to the unitholders of the aforementioned mutual funds and investment clubs who express interest in receiving such information, in accordance with Art. 2.

Art. 2
The companies referred to in Art. 1 shall, within 30 (thirty) days, counted from the date of publication of this Instruction, request that the administrators of the FGTS Privatization Mutual Funds and FGTS Investment Clubs in question carry out, at the expense of the company, a specific and individual consultation with their respective unitholders, with the purpose of allowing them to express their interest in receiving the information referred to in Art. 1, authorizing that their name and address be informed to the company for the receipt of correspondence, including electronic.

Art. 3
After the consultation referred to in the previous article is concluded, the administrators of the funds and clubs governed by this Instruction shall send to the Director of Investor Relations of the company a list of unitholders interested in receiving the information referred to in Art. 1, with their respective addresses for correspondence, including electronic, remaining obligated to inform any changes in the data provided at the end of each calendar semester.

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

Original signed by
WLADIMIR CASTELO BRANCO CASTRO
Acting President