CVM Resolution 2 — CVM — BR

THE PRESIDENT OF THE SECURITIES AND EXCHANGE COMMISSION – CVM makes it public that the Collegiate Body, in a meeting held on August 5, 2020, based on the provisions of art. 8, I, of Law No. 6,385, of December 7, 1976, and art. 5 of Decree No. 10,139, of November 28, 2019,

HAS RESOLVED to issue the following Resolution:

Art. 1° The following instructions are revoked:
I - CVM Instruction No. 48, of March 20, 1986; II – CVM Instruction No. 49, of April 3, 1986; III – CVM Instruction No. 50, of April 24, 1986; IV – CVM Instruction No. 52, of June 18, 1986; V – CVM Instruction No. 53, of July 1, 1986; VI – CVM Instruction No. 56, of December 1, 1986; VII – CVM Instruction No. 57, of December 17, 1986; VIII – CVM Instruction No. 59, of December 22, 1986; IX – CVM Instruction No. 62, of March 25, 1987; X – CVM Instruction No. 63, of March 31, 1987; XI – CVM Instruction No. 68, of June 29, 1987; XII – CVM Instruction No. 79, of May 11, 1988; XIII – CVM Instruction No. 123, of June 12, 1990;

COMISSÃO DE VALORES MOBILIÁRIOS
Rua Sete de Setembro, 111/2-5º e 23-34º Andares, Centro, Rio de Janeiro/RJ – CEP: 20050-901 – Brasil - Tel.: (21) 3554-8686 Rua Cincinato Braga, 340/2º, 3º e 4º Andares, Bela Vista, São Paulo/ SP – CEP: 01333-010 – Brasil - Tel.: (11) 2146-2000 XIV – CVM Instruction No. 124, of July 4, 1990; XV – CVM Instruction No. 132, of September 4, 1990; XVI – CVM Instruction No. 167, of December 17, 1991; XVII – CVM Instruction No. 170, of January 3, 1992; XVIII – CVM Instruction No. 174, of February 6, 1992; XIX – CVM Instruction No. 176, of February 6, 1992; XX – CVM Instruction No. 189, of June 25, 1992; XXI – CVM Instruction No. 190, of July 10, 1992; XXII – CVM Instruction No. 197, of January 18, 1993; XXIII – CVM Instruction No. 223, of November 10, 1994; XXIV – CVM Instruction No. 227, of December 23, 1994; XXV – CVM Instruction No. 247, of March 27, 1996; XXVI – CVM Instruction No. 248, of March 29, 1996; XXVII – CVM Instruction No. 266, of July 18, 1997; XXVIII – CVM Instruction No. 267, of November 1, 1997; XXIX – CVM Instruction No. 268, of November 13, 1997; XXX – CVM Instruction No. 269, of December 1, 1997; XXXI – CVM Instruction No. 272, of February 4, 1998; XXXII – CVM Instruction No. 281, of June 4, 1998; XXXIII– CVM Instruction No. 285, of July 31, 1998; XXXIV – CVM Instruction No. 288, of August 7, 1998; XXXV – CVM Instruction No. 292, of October 15, 1998; XXXVI – CVM Instruction No. 293, of October 30, 1998; XXXVII – CVM Instruction No. 298, January 18, 1999; XXXVIII – CVM Instruction No. 315, of September 27, 1999;

Art. 2° The following deliberations are revoked:
I – CVM Deliberation No. 1, of February 23, 1978; II – CVM Deliberation No. 8, of January 8, 1980; III – CVM Deliberation No. 15, of January 17, 1984;

COMISSÃO DE VALORES MOBILIÁRIOS
Rua Sete de Setembro, 111/2-5º e 23-34º Andares, Centro, Rio de Janeiro/RJ – CEP: 20050-901 – Brasil - Tel.: (21) 3554-8686 Rua Cincinato Braga, 340/2º, 3º e 4º Andares, Bela Vista, São Paulo/ SP – CEP: 01333-010 – Brasil - Tel.: (11) 2146-2000 IV – CVM Deliberation No. 25, of December 16, 1985; V – CVM Deliberation No. 27, of February 5, 1986; VI – CVM Deliberation No. 30, of February 17, 1986; VII – CVM Deliberation No. 42, of January 27, 1987; VIII – CVM Deliberation No. 43, of February 2, 1987; IX – CVM Deliberation No. 44, of February 11, 1987; X – CVM Deliberation No. 61, of March 8, 1988; XI – CVM Deliberation No. 65, of May 19, 1988; XII – CVM Deliberation No. 68, of October 18, 1988; XIII – CVM Deliberation No. 70, of January 10, 1989; XIV – CVM Deliberation No. 71, of January 16, 1989; XV – CVM Deliberation No. 72, of February 2, 1989; XVI – CVM Deliberation No. 75, of March 30, 1989; XVII – CVM Deliberation No. 77, of February 2, 1989; XVIII – CVM Deliberation No. 78, of May 16, 1989; XIX – CVM Deliberation No. 79, of June 2, 1989; XX – CVM Deliberation No. 82, of August 30, 1989; XXI – CVM Deliberation No. 88, of May 9, 1990; XXII – CVM Deliberation No. 125, of July 24, 1991; XXIII – CVM Deliberation No. 127, of July 29, 1991; XXIV – CVM Deliberation No. 131, of August 21, 1991; XXV – CVM Deliberation No. 149, of July 23, 1992; XXVI – CVM Deliberation No. 164, of February 22, 1994; XXVII – CVM Deliberation No. 165, of March 1, 1994; XXVIII – CVM Deliberation No. 168, of April 18, 1994;

COMISSÃO DE VALORES MOBILIÁRIOS
Rua Sete de Setembro, 111/2-5º e 23-34º Andares, Centro, Rio de Janeiro/RJ – CEP: 20050-901 – Brasil - Tel.: (21) 3554-8686 Rua Cincinato Braga, 340/2º, 3º e 4º Andares, Bela Vista, São Paulo/ SP – CEP: 01333-010 – Brasil - Tel.: (11) 2146-2000 XXIX – CVM Deliberation No. 170, of July 12, 1994; XXX – CVM Deliberation No. 173, September 30, 1994; XXXI – CVM Deliberation No. 174, of October 6, 1994; XXXII – CVM Deliberation No. 183, of June 12, 1995; XXXIII – CVM Deliberation No. 185, of October 25, 1995; XXXIV – CVM Deliberation No. 190, of May 9, 1996; XXXV – CVM Deliberation No. 191, of May 16, 1996; XXXVI – CVM Deliberation No. 206, of November 29, 1996; XXXVII – CVM Deliberation No. 224, of September 12, 1997; XXXVIII – CVM Deliberation No. 225, of September 26, 1997; XXXIX – CVM Deliberation No. 235, of December 30, 1997; XL – CVM Deliberation No. 237, of January 16, 1998; XLI – CVM Deliberation No. 238, of January 23, 1997; XLII – CVM Deliberation No. 288, of December 3, 1998; XLIII – CVM Deliberation No. 294, of March 26, 1999; XLIV – CVM Deliberation No. 322, of November 19, 1999; XLV – CVM Deliberation No. 343, of June 21, 2000; XLVI – CVM Deliberation No. 350, of August 11, 2000; XLVII – CVM Deliberation No. 404, of September 27, 2001; XLVIII – CVM Deliberation No. 409, of November 1, 2001; XLIX – CVM Deliberation No. 419, of December 27, 2001; L – CVM Deliberation No. 422, of February 14, 2002; LI – CVM Deliberation No. 456, of December 23, 2002; LII – CVM Deliberation No. 465, of December 22, 2003; LIII – CVM Deliberation No. 466, of December 26, 2003;

COMISSÃO DE VALORES MOBILIÁRIOS
Rua Sete de Setembro, 111/2-5º e 23-34º Andares, Centro, Rio de Janeiro/RJ – CEP: 20050-901 – Brasil - Tel.: (21) 3554-8686 Rua Cincinato Braga, 340/2º, 3º e 4º Andares, Bela Vista, São Paulo/ SP – CEP: 01333-010 – Brasil - Tel.: (11) 2146-2000 LIV – CVM Deliberation No. 469, of July 13, 2004; LV – CVM Deliberation No. 471, of July 23, 2004; LVI – CVM Deliberation No. 485, of July 26, 2005; LVII – CVM Deliberation No. 486, of August 17, 2005; LVIII – CVM Deliberation No. 496, of January 3, 2006; LIX – CVM Deliberation No. 499, of February 6, 2006; LX– CVM Deliberation No. 511, of October 24, 2006; LXI – CVM Deliberation No. 515, of December 27, 2006; LXII – CVM Deliberation No. 549, of September 10, 2008; LXIII – CVM Deliberation No. 550, of October 17, 2008; LXIV – CVM Deliberation No. 565, of November 12, 2008; LXV – CVM Deliberation No. 570, of March 30, 2009; LXVI – CVM Deliberation No. 574, of April 29, 2009; LXVII – CVM Deliberation No. 603, of November 10, 2009; LXVIII – CVM Deliberation No. 626, of March 31, 2010; LXIX – CVM Deliberation No. 627, of April 9, 2010; LXX – CVM Deliberation No. 630, of June 16, 2010; LXXI – CVM Deliberation No. 631, of June 16, 2010; LXXII – CVM Deliberation No. 648, of December 17, 2010; LXXIII – CVM Deliberation No. 656, of January 25, 2011; LXXIV – CVM Deliberation No. 657, of February 7, 2011; LXXV – CVM Deliberation No. 669, of September 21, 2011; LXXVI – CVM Deliberation No. 741, of November 18, 2015; and LXXVII – CVM Deliberation No. 759, of December 16, 2016.

Art. 3° The following explanatory notes are revoked:

COMISSÃO DE VALORES MOBILIÁRIOS
Rua Sete de Setembro, 111/2-5º e 23-34º Andares, Centro, Rio de Janeiro/RJ – CEP: 20050-901 – Brasil - Tel.: (21) 3554-8686 Rua Cincinato Braga, 340/2º, 3º e 4º Andares, Bela Vista, São Paulo/ SP – CEP: 01333-010 – Brasil - Tel.: (11) 2146-2000 I – CVM Explanatory Note No. 1, of July 22, 1977; II – CVM Explanatory Note No. 2, of July 22, 1977; III – CVM Explanatory Note No. 3, of December 23, 1977; IV – CVM Explanatory Note No. 4, of December 23, 1977; V– CVM Explanatory Note No. 5, of February 23, 1978; VI – CVM Explanatory Note No. 6, of February 22, 1978; VII – CVM Explanatory Note No. 7, of May 16, 1978; VIII – CVM Explanatory Note No. 8, of August 17, 1978; IX – CVM Explanatory Note No. 10, of December 29, 1978; X– CVM Explanatory Note No. 11, of January 20, 1979; XI – CVM Explanatory Note No. 12, of February 19, 1979; XII – CVM Explanatory Note No. 13, of March 14, 1979; XIII – CVM Explanatory Note No. 15, of October 11, 1979; XIV – CVM Explanatory Note No. 17, of April 23, 1980; XV – CVM Explanatory Note No. 18, of September 4, 1980; XVI – CVM Explanatory Note No. 19, of September 30, 1980; XVII – CVM Explanatory Note No. 22, of November 10, 1980; XVIII – CVM Explanatory Note No. 23, of February 10, 1981; XIX – CVM Explanatory Note No. 25, of January 29, 1982; XX – CVM Explanatory Note No. 26, of April 15, 1982; XXI– CVM Explanatory Note No. 27, of November 23, 1983; XXII – CVM Explanatory Note No. 28, of February 8, 1984; XXIII – CVM Explanatory Note No. 29, of March 26, 1984; XXIV – CVM Explanatory Note to CVM Instruction No. 50, of April 24, 1986; XXV – CVM Explanatory Note to CVM Instruction No. 52, of June 18, 1986;

COMISSÃO DE VALORES MOBILIÁRIOS
Rua Sete de Setembro, 111/2-5º e 23-34º Andares, Centro, Rio de Janeiro/RJ – CEP: 20050-901 – Brasil - Tel.: (21) 3554-8686 Rua Cincinato Braga, 340/2º, 3º e 4º Andares, Bela Vista, São Paulo/ SP – CEP: 01333-010 – Brasil - Tel.: (11) 2146-2000 XXVI – CVM Explanatory Note to CVM Instruction No. 56, of December 1, 1986; XXVII – CVM Explanatory Note to CVM Instruction No. 57, of December 17, 1986; XXVIII – CVM Explanatory Note to CVM Instruction No. 59, of December 22, 1986; XXIX – CVM Explanatory Note to CVM Instruction No. 60, of January 14, 1987; XXX – CVM Explanatory Note to CVM Instruction No. 73, of December 22, 1987; XXXI – CVM Explanatory Note to CVM Instruction No. 77, of May 11, 1988; XXXII – CVM Explanatory Note to CVM Instruction No. 80, of June 22, 1988; XXXIII – CVM Explanatory Note to CVM Instruction No. 82, of September 19, 1988; XXXIV – CVM Explanatory Note to CVM Instruction No. 84, of August 21, 1991; XXXV – CVM Explanatory Note to CVM Instruction No. 88, of November 3, 1988; XXXVI – CVM Explanatory Note to CVM Instruction No. 91, of December 6, 1988; XXXVII – CVM Explanatory Note to CVM Instruction No. 92, of December 8, 1988; XXXVIII – CVM Explanatory Note to CVM Instruction No. 104, of October 26, 1989; XXXIX – CVM Explanatory Note to CVM Instruction No. 134, of November 1, 1990; XL – CVM Explanatory Note to CVM Instruction No. 155, of August 7, 1991; XLI – CVM Explanatory Note to CVM Instruction No. 160, of August 21, 1991; XLII – CVM Explanatory Note to CVM Instruction No. 189, of June 25, 1992; XLIII – CVM Explanatory Note to CVM Instruction No. 237, of July 27, 1995; XLIV – CVM Explanatory Note to CVM Instruction No. 247, of March 23, 1996; XLV – CVM Explanatory Note to CVM Instruction No. 315, of September 27, 1999; XLVI – CVM Explanatory Note to CVM Instruction No. 346, of September 29, 2000; XLVII – CVM Explanatory Note to CVM Instruction No. 404, of February 13, 2004; XLVIII – CVM Explanatory Note to CVM Instruction No. 408, of August 18, 2004; XLIX – CVM Explanatory Note to CVM Instruction No. 469, of May 2, 2008; and L – CVM Explanatory Note to CVM Instruction No. 475, of December 17, 2008.

“Art. 1° ............................................................
I – non-compliance with arts. 115; 116; 117; 153; 154, caput and §§ 1° and 2°; 155, caput and §§ 1°, 2° and 4°; 156, caput and § 1°; 165, caput and §§ 1° and 2°; art. 170, §§ 1° and 7°, 201; 202, caput and §§ 5° and 6°; 205, caput and § 3°; 245; 254-A, caput; and art. 273 of Law No. 6,404, of 1976; ........................................................................” (NR)

Art. 5° This Instruction enters into force on September 1, 2020.

Signed electronically by
MARCELO BARBOSA
President