Regulatory Alerts2014-10-25
CVM Resolution No. 490 of October 18, 2005 Amending CVM Resolution No. 457 of December 23, 2002
The Brazilian Securities and Exchange Commission (CVM) issued Resolution No. 490 to formally repeal Article 34-A of its prior Resolution No. 457 dated December 23, 2002. This legislative action was authorized under Article 9, Section 2 of Law No. 6,385 of 1976 and aligns with the National Monetary Council's Resolution No. 454 as amended by Resolution No. 2,785. The amended regulation becomes legally binding immediately upon its publication in the Official Gazette of the Union.
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