Joint Decision CVM/SPC No. 03 of April 7, 1998

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JOINT DECISION CVM/SPC No. 03, OF APRIL 7, 1998 SECURITIES AND EXCHANGE COMMISSION SECRETARIAT OF COMPLEMENTARY PENSION

Rectifies Item IV of Article 1 of Joint Decision CVM/SPC No. 02, of 02/26/98, published in the Official Gazette of the Union No. 44, of 03/06/98, Section I, Page 68.

The Board of Directors of the Securities and Exchange Commission and the Acting Secretary of the Secretariat of Complementary Pension of the Ministry of Social Security and Assistance, in view of the provisions of Resolution No. 2,467, of 02/19/98, of the National Monetary Council,

DECIDE:

Art. 1. Alter the wording of Item IV of Article 1 of Joint Decision CVM/SPC No. 02, of 02/26/98, published in the Official Gazette of the Union No. 44, of 03/06/98, Section I, Page 68, which shall read as follows:

"IV - in the case of a mutual fund - whose quotas have been fully paid up with shares

• constituted in accordance with CVM Instructions No. 254, of September 19, 1996, and No.
  258, of January 22, 1997, the respective shares comprising this fund, relevant to the closed private pension entity (EFPP), cumulatively with the shares of the same kind held directly by the EFPP, may not exceed the limits of investment or diversification established in the current regulation applicable to it."

Art. 2. This Joint Decision enters into force on the date of its publication in the Official Gazette of the Union.

Signed original by
FRANCISCO DA COSTA E SILVA
President of
THE SECURITIES AND EXCHANGE COMMISSION

Signed original by
ROSAMEIDE ANASTÁCIO MACHADO
Acting Secretary of
THE SECRETARIAT OF COMPLEMENTARY PENSION