CVM Resolution No. 514 of December 19, 2006

CVM RESOLUTION NO. 514, OF DECEMBER 19, 2006.

Amends CVM Resolution No. 457, of December 23, 2002, which establishes procedures to be observed in the processing of administrative sanction proceedings.

THE PRESIDENT OF THE SECURITIES AND EXCHANGE COMMISSION – CVM makes public that the Board, in a meeting held on this date, in view of art. 9, § 2, of Law No. 6,385, of December 7, 1976, and the need to regulate the exercise of the Commission's competence in the procedure provided for by Resolution No. 1,657, of October 26, 1989, to be observed in summary procedure processes instituted by it, DELIBERATED:

Art. 1. Article 34-A is added to CVM Resolution No. 457, of December 23, 2002, as follows:

“Art. 34-A The provisions of arts. 3, 6, 7, 19 and 33 of this Resolution shall apply to summary procedure administrative processes.” (NR)

Art. 2. This Resolution enters into force on the date of its publication in the Official Gazette of the Union, applying immediately to ongoing processes, safeguarding the validity of acts performed before its entry into force.

Original signed by
MARCELO FERNANDEZ TRINDADE
President