CVM Instruction No. 437 of July 5, 2006

CVM INSTRUCTION NO. 437, OF JULY 5, 2006.

Amends CVM Instruction No. 387, of April 28, 2003.

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 Articles 8, item I, and 18, item II, letters “a”, “c” and “d” of Law No. 6,385, of December 7, 1976, resolved to issue the following Instruction:

Art. 1º Item V of Article 12-A of CVM Instruction No. 387, of April 28, 2003, shall be effective with the following wording:

“V – the capital market regulatory authority of the country of origin of the foreign intermediary institution has entered into a mutual cooperation agreement with the CVM that allows for the exchange of investor financial information, or is a signatory to the Multilateral Memorandum of Understanding of the International Organization of Securities Commissions – IOSCO.” (NR)

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

Original signed by
MARCELO FERNANDEZ TRINDADE
President