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.
CVM RESOLUTION NO. 490 OF OCTOBER 18, 2005. Amends CVM Resolution No. 457 of December 23, 2002. The PRESIDENT OF THE SECURITIES AND EXCHANGE COMMISSION OF BRAZIL - CVM makes public that the Board, in a meeting held on this date, based on Art. 9, , § 2, of Law No. 6,385, of December 7, 1976, and in view of the provisions of Resolution No. 454, of November 16, 1977, as amended by Resolution No. 2,785, of October 18, 2000, both of the National Monetary Council, HAS DELIBERATED: Art. 1. Art. 34-A of CVM Resolution No. 457 of December 23, 2002 is hereby repealed. Art. 2. This Resolution shall enter into force on the date of its publication in the Official Gazette of the Union. Original signed by MARCELO FERNANDEZ TRINDADE President