Rule · CVM · 24 Mar 2011
CVM Instruction No. 493 amends Article 3, Paragraph 1, Item I, Sub-item 'd' of CVM Instruction No. 332 of April 4, 2000, by adding items 5 and 6 to the list of exclusive acquirers of Sponsored BDRs. The amendment authorizes closed complementary pension entities and individuals or legal entities with financial investments exceeding R$ 1,000,000.00 (one million reais) to acquire these securities. This instruction entered into force on the date of its publication.
CVM INSTRUCTION NO. 493, OF MARCH 24, 2011
Amends an article of CVM Instruction No. 332, of April 4, 2000.
THE PRESIDENT OF THE SECURITIES AND EXCHANGE COMMISSION - CVM makes public that the board, in a meeting held on March 15, 2011, based on the provisions of Articles 19 and 21 of Law No. 6,385, of December 7, 1976, APPROVED the following Instruction:
Article 1. Article 3, Paragraph 1, Item I, Sub-item 'd' of CVM Instruction No. 332, of April 4, 2000, shall enter into force with the addition of items '5' and '6':
“Article 3. ......
Paragraph 1. A sponsored BDR program is characterized by being established by a single depositary institution, contracted by the issuing company of the securities subject to the deposit certificate, and may be classified in the following levels:
I - Sponsored BDR Level I - characterized by:
......
d) exclusive acquisition by:
......
3. portfolio administrators and securities consultants authorized by the CVM, regarding their own resources;
4. employees of the sponsoring company or another company part of the same economic group;
5. closed complementary pension entities; and
6. individuals or legal entities with financial investments exceeding R$ 1,000,000.00 (one million reais).
2
CVM INSTRUCTION NO. 493, OF MARCH 24, 2011
......” (NEW)
Article 2. This Instruction enters into force on the date of its publication.
Signed original by
MARIA HELENA DOS SANTOS FERNANDES DE SANTANA
President”
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This document amends: CVM Instruction No. 332 of April 4, 2000 (Revoked)
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