CVM Instruction No. 466 of March 12, 2008

CVM INSTRUCTION NO. 466, OF MARCH 12, 2008.
Amends CVM Instruction No. 441, of November 10, 2006.

The PRESIDENT OF THE SECURITIES AND EXCHANGE COMMISSION – CVM makes public that the Collegiate Body, in a meeting held on March 11, 2008, and based on the provisions of Art. 8, item I, and Art. 18, item II, of Law No. 6,385, of December 7, 1976, and Resolution CMN No. 3,539, of February 28, 2008, approved the following Instruction:

Art. 1. Art. 4 of CVM Instruction No. 441, of November 10, 2006, shall be effective with the following wording:

“Art. 4. ...
§ 1. ...
III – the obligation for the borrower to offer collateral to the clearinghouse or to the compensation and settlement service provider, in an amount sufficient to ensure the settlement of its operations, in accordance with the provisions of Art. 4 of Law No. 10,214, of March 27, 2001, and complementary regulations; ......” (NEW)

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

Signed original by
MARIA HELENA DOS SANTOS FERNANDES DE SANTANA
President