Joint Decision BACEN/CVM 15/05

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JOINT DECISION 15
BANK OF BRAZIL AND SECURITIES AND EXCHANGE COMMISSION Authorizes the intermediation of operations in the foreign exchange market by securities distribution companies, through asset trading systems authorized by the Bank of Brazil or the Securities and Exchange Commission. The Collegiate Board of the BANK OF BRAZIL and the Collegiate Board of the SECURITIES AND EXCHANGE COMMISSION, in view of the provisions of Article 2, item XV, of the Regulation annexed to Resolution 1,120, of April 4, 1986, as amended by Resolution 1,653, of October 26, 1989, D E C I D E D:
Art. 1st It is permitted for securities distribution companies to intermediate operations in the foreign exchange market, through asset trading systems authorized by the Bank of Brazil or the Securities and Exchange Commission, including in a live voice auction environment. Art. 2nd This joint decision enters into force on the date of its publication. Art. 3rd Joint Decision No. 9, of July 20, 2001, is hereby revoked. Brasília, September 16, 2005. Henrique de Campos Meirelles President of THE BANK OF BRAZIL Marcelo Fernandez Trindade President of THE SECURITIES AND EXCHANGE COMMISSION (Published in the Official Gazette on 09/20/2005, Section 1, page 21)