RegAlert

Rule · CVM · 29 Sep 2011

CVM Instruction No. 507, of September 29, 2011, Amends CVM Instruction No. 400, of December 29, 2003

licensing
securities

CVM Instruction No. 507 amends Paragraph 1 of Article 50 of CVM Instruction No. 400, of December 29, 2003. It establishes new deadlines for the CVM's implicit approval of advertising material for public offerings. The use of advertising material for public offerings of investment fund units is considered approved if the CVM does not manifest within 10 business days from filing. For all other public offerings, the implicit approval period is 5 business days from filing.

BrazilComissão de Valores Mobiliários

CVM INSTRUCTION NO. 507, OF SEPTEMBER 29, 2011 Amends CVM Instruction No. 400, of December 29, 2003.
THE ACTING PRESIDENT OF THE SECURITIES AND EXCHANGE COMMISSION - CVM hereby makes public that the Collegiate Body, in a meeting held on September 20, 2011, in view of the provisions of arts. 8, item I, and 19 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 Paragraph 1 of art. 50 of CVM Instruction No. 400, of December 29, 2003, shall come into force with the following wording:
“Art. 50 ......
Paragraph 1 The use of advertising material shall be considered approved if there is no manifestation from the CVM within the period of:
I – 10 (ten) business days, counted from the date of filing of the advertising material, for public offerings for the distribution of investment fund units; and II – 5 (five) business days, counted from the date of filing of the advertising material, for other offerings. ......”(NR) Art. 2 This Instruction shall come into force on the date of its publication. Originally signed by OTAVIO YAZBEK Acting President

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CVM Instruction 400 of December29, 2003 - Public Offerings of Se…2003 · CVMCVM Instruction 400 of December 29, 2003 - Public Offerings of Securities (2003-12-29)CVM Instruction No. 507, ofSeptember 29, 2011, Amends CV…2011-09-29 · this documentCVM Instruction No. 507, of September 29, 2011, Amends CVM Instruction No. 400, of December 29, 2003 (2011-09-29)Mentions (1)a document that mentions itopen the list below the graph ▾Mentions (1): a document that mentions it without changing it — open the list below the graph
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This document amends: CVM Instruction 400 of December 29, 2003 - Public Offerings of Securities

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