CVM INSTRUCTION NO. 499, OF JULY 13, 2011

Amends CVM Instruction No. 461, of October 23, 2007.

THE PRESIDENT OF THE SECURITIES AND EXCHANGE COMMISSION - CVM makes public that the Collegiate Board, in a meeting held on July 12, 2011, in view of the provisions of Art. 2, item IX, and Art. 8, item I, of Law No. 6,385, of December 7, 1976, as amended by Law No. 10,303, of October 31, 2001, APPROVED the following Instruction:

Art. 1 Art. 80 of CVM Instruction No. 461, of October 23, 2007, shall be effective with the following wording:

“Art. 80. ...

Sole Paragraph. The maximum value provided by resources from the loss reimbursement mechanism shall be R$ 70,000.00 (seventy thousand reais) per claiming investor in each occurrence referred to in the caput, without prejudice to the voluntary establishment by the exchange of higher amounts.” (NR)

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

Original signed by

MARIA HELENA DOS SANTOS FERNANDES DE SANTANA
President