CVM Instruction No. 550 of July 17, 2014

CVM INSTRUCTION NO. 550, OF JULY 17, 2014

Amends and adds a provision to CVM Instruction No. 401, of December 29, 2003, which provides for the trading records and public distribution of Certificates of Additional Construction Potential (CEPAC).

THE PRESIDENT OF THE SECURITIES AND EXCHANGE COMMISSION - CVM makes public that the Collegiate Board, in a meeting held on July 15, 2014, and based on the provisions of Art. 2, § 3, 19 and 21 of Law No. 6,385, of December 7, 1976, and Arts. 31, 32 and 34 of Law No. 10,257, of January 10, 2001, APPROVED the following Instruction:

Art. 1 The Art. 21 of CVM Instruction No. 401, of December 29, 2003, shall be in effect with the following wording:

“Art. 21 The provisions contained in the standard dealing with public distribution offers shall apply to this Instruction, insofar as applicable, especially with regard to:
I - registration analysis periods;
II - responsibilities of the issuer and the lead distribution institution; III - approval or disapproval of the registration; and IV - suspension or cancellation of the distribution registration. ......” (NR)

Art. 2 CVM Instruction No. 401, of 2003, shall be in effect with the addition of Art. 17-A:

“Art. 17-A The subscription or acquisition of the certificates of additional construction potential subject to public distribution offer shall be carried out within a maximum period of 2 (two) years, counted from the date of publication of the Distribution Start Announcement.” (NR)

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CVM INSTRUCTION NO. 550, OF JULY 17, 2014

Art. 3 This Instruction enters into force on the date of its publication.

Original signed by
LEONARDO P. GOMES PEREIRA
President
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