RegAlert

Rule · CVM · 24 Jun 2005

CVM Instruction No. 420 of June 24, 2005

payments

CVM Instruction No. 420 establishes that the Securities and Exchange Fee must be paid using the Union Collection Guide (GRU), which is available for printing on the CVM website and payable at any bank branch until the due date, after which payment must be made at Banco do Brasil agencies. The instruction authorizes the use of non-computerized routines for fee collection in cases of temporary technical difficulties lasting 24 hours or more, with such procedures to be disclosed by the CVM's Administrative-Financial Superintendent. It revokes the annex to CVM Instruction No. 110 and CVM Instructions Nos. 112, 128, and 219, and enters into force on the date of its publication in the Official Gazette.

BrazilComissão de Valores Mobiliários

CVM INSTRUCTION NO. 420, OF JUNE 24, 2005.

Provides for the collection of the Securities and Financial Instruments Supervision Fee established by Law No. 7,940, of December 20, 1989, amends CVM Instruction No. 110, of December 28, 1989, and revokes CVM Instruction No. 112, of January 11, 1990, CVM Instruction No. 128, of June 26, 1990, and CVM Instruction No. 219, of September 15, 1994.

THE PRESIDENT OF THE SECURITIES AND EXCHANGE COMMISSION - CVM makes public that the Collegiate Board, in a meeting held on this date, based on the provisions of Law No. 7,940, of December 20, 1989, and in view of the provisions of Law No. 10,707, of July 30, 2003, regulated by Decree No. 4,950, of January 9, 2004, and by Normative Instruction No. 3, of February 12, 2004, of the National Treasury Secretariat, HAS RESOLVED TO ISSUE THE FOLLOWING INSTRUCTION:

Art. 1o

Article 2 of CVM Instruction No. 110, of December 28, 1989, shall be effective with the following wording:

“Art. 2o

The Supervision Fee shall be paid through the Union Collection Guide – GRU.

§1o

The GRU will be available for printing on the Securities and Exchange Commission - CVM page on the worldwide computer network: www.cvm.gov.br, and may be paid at any bank branch until the due date.

§2o

After the due date, the payment must be made at Banco do Brasil agencies.”(NR)

Art. 2o

The use of non-computerized routines regarding the collection of revenue from the collection of the CVM Supervision Fee, always via GRU, is exceptionally authorized due to temporary technical difficulties.

§1o

Temporary technical difficulty is understood as an operational problem occurring in the system, characterized as a failure, interruption, or lack of communication in the transmission of data and information for a period equal to or greater than 24 (twenty-four) hours.

§2o

It shall be the responsibility of the CVM Administrative-Financial Superintendent to disclose, in each case, the non-computerized routines referred to in this article.

CVM INSTRUCTION NO. 420, OF JUNE 24, 2005.
2

Art. 3o

The annex to CVM Instruction No. 110, of December 28, 1989, CVM Instruction No. 112, of January 11, 1990, CVM Instruction No. 128, of June 26, 1990, and CVM Instruction No. 219, of September 15, 1994, are hereby revoked.

Art. 4o

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

Signed original by

MARCELO FERNANDEZ TRINDADE
President

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Annotations and obligations
3 obligations · 2 permissions · 6 definitions
  • Obligation 3
  • Permission 2
  • Definition / condition 6
  • background, boilerplate

Lineage: Superseded

A newer document in RegAlert replaces this one.

Act No. 4.950 dated 2004-01-09Not in RegAlertAct No. 4.950 dated 2004-01-09 — Not in RegAlertLaw No. 10.707 dated 2003-07-30Not in RegAlertLaw No. 10.707 dated 2003-07-30 — Not in RegAlertLaw No. 7.940 dated 1989-12-20Not in RegAlertLaw No. 7.940 dated 1989-12-20 — Not in RegAlertCVM Instruction No. 112 of January11, 19901990 · CVMCVM Instruction No. 112 of January 11, 1990 (1990-01-11)Instruction CVM 219 (Revoked)1994 · CVMInstruction CVM 219 (Revoked) (1994-09-15)CVM Instruction No. 110, ofDecember 28, 1989Not in RegAlertCVM Instruction No. 110, of December 28, 1989 — Not in RegAlertCVM Instruction No. 128, of June26, 1990Not in RegAlertCVM Instruction No. 128, of June 26, 1990 — Not in RegAlertCVM Instruction No. 420 ofJune 24, 20052005-06-24 · this documentCVM Instruction No. 420 of June 24, 2005 (2005-06-24)CVM Resolution No. 54 of October20, 2021, with amendments introdu…2021 · CVMCVM Resolution No. 54 of October 20, 2021, with amendments introduced by CVM Resolutions No. 61/21 and 171/22 (2021-10-20)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
The links and the sentences they come from (8)
Superseded by
Supersedes
Amends
  • CVM Instruction No. 110, of December 28, 1989Not in RegAlert

    “amends CVM Instruction No. 110, of December 28, 1989”

Issued under
  • Act No. 4.950 dated 2004-01-09Not in RegAlert

    “regulated by Decree No. 4,950, of January 9, 2004”

  • Law No. 10.707 dated 2003-07-30Not in RegAlert

    “and in view of the provisions of Law No. 10,707, of July 30, 2003”

  • Law No. 7.940 dated 1989-12-20Not in RegAlert

    “based on the provisions of Law No. 7,940, of December 20, 1989”

Timeline

Amended 1 time · last 2021-10-20

This document supersedes: Instruction CVM 219 (Revoked), CVM Instruction No. 112 of January 11, 1990

What changed in the obligations

Against Instruction CVM 219 (Revoked) (1994-09-15)

2 new obligations · 3 not carried over

3 obligations are the same in both texts.

New in this text (2)
  • The use of non-computerized routines regarding the collection of revenue from the collection of the CVM Supervision Fee, always via GRU, is exceptionally authorized due to temporary technical difficulties.
  • It shall be the responsibility of the CVM Administrative-Financial Superintendent to disclose, in each case, the non-computerized routines referred to in this article.
Not carried over (3)
  • NOTE: even if the tax payment is made late, the date to be informed in this field will continue to be the due date of the tax.
  • NOTE: a) The payment of complementary installments, referring to previous payments made at a lower amount, must be made in a separate DARF from those referring to the tax due quarterly;
  • b) The compensation of overpaid values can only be carried out, with CVM authorization.

Against CVM Instruction No. 112 of January 11, 1990 (1990-01-11)

2 new obligations

1 obligation is the same in both texts.

New in this text (2)
  • After the due date, the payment must be made at Banco do Brasil agencies.”(NR)
  • It shall be the responsibility of the CVM Administrative-Financial Superintendent to disclose, in each case, the non-computerized routines referred to in this article.

“Not carried over” means the sentence has no counterpart in this text; the rule can still be in force in another text.

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