CVM Instruction No. 407 of May 10, 2004

CVM INSTRUCTION NO. 407, OF MAY 10, 2004.

Amends CVM Instruction No. 405, of February 27, 2004.

THE PRESIDENT OF THE SECURITIES AND EXCHANGE COMMISSION - CVM makes public that the Collegiate Board, in a meeting held on May 4, 2004, in view of the provisions of Articles 2, item IX, and 8, item I, of Law No. 6,385, of December 7, 1976, as amended by Law No. 10,303, of October 31, 2001, HAS DECIDED to issue the following Instruction:

Art. 1 The Articles 2 and 4 of CVM Instruction No. 405, of February 27, 2004, shall enter into force with the following wording:

“Art. 2 ......

II – Trial balance, according to the COS 4010 format of COSIF – ACCOUNTING PLAN OF THE INSTITUTIONS OF THE NATIONAL FINANCIAL SYSTEM, monthly and within 15 (fifteen) days after the end of the month to which it refers;

......” (NR)

“Art. 4 Financial investment funds, funds invested in shares of investment funds, both regulated by BACEN Circular No. 2,616, of September 18, 1995, and foreign investment funds, regulated by BACEN Circular No. 2,714, of August 28, 1996, shall, from June 1, 2004, submit electronically, through the information receipt system referred to in Article 1, the statement of composition and diversification of investments, according to the file specifications available on the Commission's website.

§1 The statement shall be submitted monthly to the CVM within 15 (fifteen) days after the end of the month to which it refers.

§2 The statement of composition and diversification of investments replaces the weekly information required from financial investment funds and foreign investment funds.

§3 The weekly information referred to in the preceding paragraph is due only until the position of May 28, 2004 and will continue to be submitted directly through the systems currently provided by the Central Bank of Brazil.” (NR)

Art. 2 This Instruction enters into force on the date of its publication in the Official Gazette of the Union.

Signed original by

LUIZ LEONARDO CANTIDIANO
President