CVM Instruction No. 478 of September 11, 2009

CVM INSTRUCTION NO. 478, OF SEPTEMBER 11, 2009

Amends CVM Instruction No. 472, of October 31, 2008, which provides for the constitution, administration, operation, public offering and distribution of quotas, and the disclosure of information of Real Estate Investment Trusts – REITs.

THE PRESIDENT OF THE SECURITIES AND EXCHANGE COMMISSION – CVM makes public that the Collegiate Body, in a meeting held on September 8, 2009, based on arts. 8, item I, and 19, § 5º, of Law No. 6.385, of December 7, 1976, and art. 4 of Law No. 8.668, of June 25, 1993,

APPROVED the following Instruction:

Art. 1. Arts. 18, 51 and 64 of CVM Instruction No. 472, of October 31, 2008, shall enter into force with the following wording:

“Art. 18. ...
...
VIII – review of the asset valuation report used in the capitalization of the fund’s quotas; ...” (NR)

“Art. 51. ...
...
II – the statement of the fund’s asset movement referred to in art. 50, accompanied by the independent auditor’s opinion; and ...” (NR)

“Art. 64. ...
...
§ 1. The approval of the transformation referred to in the main text depends on an affirmative vote from quota holders representing, at minimum, half of the issued quotas, if the quorum fixed by the fund’s regulations is not higher. ...” (NR)

Art. 2. This Instruction enters into force on the date of its publication.

Signed original by

MARIA HELENA DOS SANTOS FERNANDES DE SANTANA
President