The CHAIRPERSON OF THE SECURITIES COMMISSION OF BRAZIL (CVM) hereby makes public that the CVM Board, in a meeting carried out on November 18^th, 2009, according to Articles 21 and 22 of the Law No. 6,385, of December 7^th of 1976, has APPROVED the following Instruction:

Article 1. Trading of securities on regulated markets in Brazil is subject to prior registration of the issuer with the CVM.

Paragraph 1. The registration request referred to in the caput may be submitted regardless of a registration request for securities distribution public offering.

Paragraph 2. The securities issuer shall be organized as a corporation, except if otherwise stated in this Instruction.

Paragraph 3. This Instruction does not apply to investment funds, investment clubs, and companies receiving funds from tax incentives.

Article 2. The issuer may require registration at the CVM in one of the following categories:

1. category A; or
2. category B.

1. shares and share depositary receipts; or
2. securities that grant their holders to acquire the securities mentioned in item I, as a result of its conversion or the exercise of rights that are inherent to the holder, provided that they are issued by the issuer of the securities referred to in item I or a corporation belonging to the group of the referred issuer.

Paragraph 2. Absence of response by the SEP within the deadline mentioned in the caput implies automatic approval of the registration request.

Paragraph 1. The applicant will have 40 (forty) business days to comply with the requirements set out by SEP.

Paragraph 2. The term for compliance with requirements may be extended only once for twenty (20) business days, upon the issuer’s prior circumstantiated request to SEP.

Paragraph 6. SEP will have 10 (ten) business days to provide a response on the fulfillment of the requirements and approval of the registration request, counted from the date of filing of the documents and delivery of information for fulfillment of the requirements, in response to the official notice mentioned in Paragraph 4.

Paragraph 7. Non-compliance with the deadlines mentioned in Paragraphs 1, 2, and 5 implies the automatic rejection of the registration request.

Paragraph 8. Absence of response by the SEP within the deadline mentioned in Paragraphs 3 and 6 implies automatic approval of the registration request.

Article 6. SEP shall interrupt the analysis of the registration request only once, by request of the issuer, for a maximum period of 60 (sixty) business days.

Paragraph1. The issuer’s silence over its intention of moving forward with its registration process within the period mentioned in the caput implies automatic rejection of the registration request.

Paragraph 2. The registration request will be considered resubmitted on the first business day following the manifestation of interest in continuing the process, with the application of all procedural stages and their respective deadlines to the request as in the case of new ones, regardless of the stage in which it was at the moment of interruption of the analysis.

Article 7. The following are automatically exempted from the securities issuer registration:

Article 8. The issuer may request conversion from a category of registration to another, through a request forwarded to SEP.

1. documents that prove compliance with the caput; and
2. a copy of the corporate act that deliberated the conversion.

Paragraph 1. The period referred to in the caput may be interrupted only once, in the event SEP requests additional information or documents from the applicant.

Paragraph 2. The applicant has 30 (thirty) business days to fulfill the requirements set out by the SEP.

Paragraph 3. Non-compliance with the period mentioned in Paragraph 2 implies the automatic rejection of the category conversion request.

Paragraph 4. Absence of response by the SEP within the deadline mentioned in the caput implies automatic approval of the category conversion request.

Sole Paragraph. The issuer will inform the securities holders, in the form set out for the disclosure of a material fact, the measures taken for the fulfillment of the obligations referred to in the caput and other operational details of which the investor should be aware.

Paragraph 1. The issuer will place and keep the information referred to the caput available to investors at its headquarters for 3 (three) years, as of the date of disclosure.

Paragraph2. The issuer registered in category A will also place and keep the information referred to in the caput available on its website for 3 (three) years, as of the date of disclosure.

Paragraph 3. The information sent to the CVM pursuant to the caput will be simultaneously delivered to the managing entities of the markets where the issuer’s securities are admitted for trades, in the form established by them.

Article 14. The issuer will publish information that is true, complete, and consistent, which do not mislead the investor.

Article 15. All information disclosed by the issuer will be written in a simple, clear, objective, concise language.

Article 16. The issuer will disclose information in a comprehensive, equitable, and simultaneous way for the whole market.

Article 17. The information provided by the issuer shall be useful to evaluation of securities issued by it.

Article 18. Whenever the information disclosed by the issuer is valid for a determinable period, such period will be indicated.

Article 19. Factual information will be differentiated from interpretations, opinions, projections, and estimates.

Article 20. Disclosure of projections and estimates is optional.

1. included in the Reference Form;
2. identified as hypothetical data not representing performance expectation;
3. reasonable; and
4. accompanied by the relevant premises, parameters, and methodologies adopted.

Paragraph 3. The issuer shall disclose, in the appropriate field of the Reference Form, that it has made changes in the relevant premises, parameters, and methodology of projections and estimates previously disclosed.

Paragraph 4. In the event projections and estimates are published, the issuer will compare on a quarterly basis in the appropriate field of the Quarterly Information Form (ITR) and the Standardized Financial Statement Form (DFP), the projections disclosed in the Reference Form and the results effectively obtained during the quarter, indicating the reasons for occasional differences.

Paragraph 5. Whenever the projections and estimates premises are supplied by third parties, the sources will be indicated.

Article 21. The issuer shall send the following information to the CVM through the electronic system available on the CVM website:

1. Registration Form;
2. Reference Form;
3. Financial Statements;
4. Standardized Financial Statement Form – DFP;
5. Quarterly Information Form – ITR;
6. the notice set forth in Article 133 of Law 6,404, of December 15, 1976, 1 (one) month prior to the date set for the execution of the ordinary general meeting or in the same day of its publication, whichever occurs first;
7. notice of the ordinary general meeting, in up to 15 (fifteen) days prior to the date when the ordinary general meeting will be hold or in the same day of its first publication, whichever occurs first;
8. all necessary documents for the exercise of the right to vote at ordinary general meetings, in the form established by a specific rule;
9. summary of the decisions made at the ordinary general meeting, in the same day of its execution;
10. minutes of the ordinary general meeting, in up to 7 (seven) business days following its execution; and
11. the report referred to in Article 68, Paragraph 1, sub-item "b" of Law 6,404, of 1976, where applicable, within 4 (four) months prior to the fiscal year end or in the same day of its publication by the trustee, whichever occurs first.

Paragraph 2. The issuer is exempted from delivering the notice of the ordinary general meeting in the event such meeting is considered regular, pursuant to Article 124, Paragraph 4 of Law 6,404, of 1976.

Paragraph 3. The foreign and national issuer constituted under a type of legal entity different from a corporation will deliver documents that are equivalent to those required by items VI to XI of the caput, if applicable, within the deadlines set out.

Article 22. The Registration Form is an electronic document containing the specifics set out in Annex 22.

Article 23. The issuer will update the registration form whenever there is any change in the reported data, within seven (7) business days from occurrence of the fact that gave rise to such change.

Sole paragraph. Without prejudice to the update referred to in the caput, the issuer will annually confirm that the information contained in the registration form remain valid, between May 1 and 31 of each year.

Article 24. The Reference Form is an electronic document containing the specifics set out in Annex 24.

Paragraph 1. The issuer will deliver an annually updated Reference Form within five (5) months as from the end of each fiscal year.

1. change of the issuers’ administrator or audit committee member;
2. change of capital stock;
3. issue of new securities, even if privately subscribed;
4. change of rights and advantages of the securities issued;
5. change of, direct or indirect holding, controlling shareholders or variations in their share positions equal to or higher than 5% (five percent) of the same types or class of stocks of the issuer;
6. when any natural or legal person, or a group of persons representing the same interest has a direct or indirect share that is equal to or higher than 5% (five percent) of the same types or class of stocks of the issuer, provided that the issuer is aware of such change;
7. variations in the share position of the persons mentioned in item VI higher than 5% (five percent) of the same types or class of stocks of the issuer, provided that the issuer is aware of such change;
8. incorporation, stock incorporation, merge, or split involving the issuer;
9. change in the projections or estimates or disclosure of new projections and estimates;
10. signing, amendment, or termination of a shareholders’ agreement filed at the issuer’s headquarters or of which the controlling shareholder is part referring to the exercise of right to vote or power of control of the issuer; and
11. decree of bankruptcy, judicial recovery, liquidation, or court approval of extrajudicial recovery.

1. change of administrator;
2. issue of new securities, even if privately subscribed;
3. change of the, direct or indirect holding, controlling shareholders or variations in their share positions that are equal to or higher than 5% (five percent) of a same types or class of the issuer’s shares;
4. incorporation, stock incorporation, merge, or split involving the issuer;
5. change in the projections or estimates or disclosure of new projections and estimates; and
6. decree of bankruptcy, judicial recovery, liquidation, or court approval of extrajudicial recovery.

Article 25. The issuer will deliver the Financial Statements to the CVM on the date they are made available to the public.

Paragraph 1. The Financial Statements will be accompanied by:

1. administration report;
2. opinion of the independent auditor;
3. opinion of the auditor committee or equivalent body, if any, accompanied by occasional dissenting votes;
4. capital budget proposal prepared by the administration, if any;
5. statement by the directors confirming they reviewed, discussed, and agreed with the audit opinion expressed in the independent auditors’ report, informing the reasons, in the event of disagreement; and
6. statement by the directors confirming they have reviewed, discussed, and agreed with the Financial Statements.

1. made in accordance with Law 6,404, of 1976 and CVM rules; and
2. audited by an independent auditor registered at the CVM.

Article 27. The Financial Statements of foreign issuers will be:

1. made in Portuguese, in the national currency, and in accordance with:

a) Law 6,404, of 1976 and CVM rules;

b) the international accounting rules issued by the International Accounting Standards Board – IASB; or

c) the accounting rules of the country of origin, in the event the foreign issuer is headquartered in a member country of Mercosur.

2. audited by an independent auditor registered:

1. have its minimum content set by the Common Market Council; and
2. be accompanied by explanatory notes and the description of asymmetries between the accounting standards of the country of origin and the international accounting rules issued by the International Accounting Standards Board – IASB, as well as the reconciliation of the result and net worth.

Standardized Financial Statement Form (DFP)

Article 28. The Standardized Financial Statement Form (DFP) is an electronic document to be:

1. filled in using the data from Financial Statements prepared in accordance with the rules applicable to the issuer, pursuant to Articles 25 through 27 of this Instruction; and
2. delivered:

Article 29. The Quarterly Information Form (ITR) is an electronic document to be:

1. filled in using the data from quarterly accounting statements prepared in accordance with the rules applying to the issuer, pursuant to articles 25 through 27 of this Ruling; and
2. delivered by the issuer within one (1) month from the date of closing of each quarter.

Paragraph 2. The Quarterly Information Form (ITR) on category A issuers will contain consolidated accounting data whenever these issuers are required to put forward consolidated Financial Statements under Law 6,404 of 1976.

Paragraph 3. No Quarterly Information Form (ITR) needs to be presented in the last quarter of each fiscal year.

Paragraph 4. The issuer that uses the option referred to in Article 27, item I, sub-item "c" will provide the CVM with the Quarterly Information Form (ITR).

Article 30. Category A issuers will send to CVM, through the electronic system available on the CVM website, the following event information:

Paragraph 3. The issuer is exempted from delivering the notice of the general meeting if such meeting is considered regular, pursuant to Article 124, Paragraph 4, of Law 6,404, of 1976.

1. notices of extraordinary, special, and debenture holder general meetings, in the same day of their publication;
2. all necessary documents for the exercise of the right to vote at general meetings, pursuant to the conditions and deadlines set out in specific rules on the subject;
3. summary of the decisions made at the extraordinary, special, or debenture holder general meeting, in the same day of their execution;
4. minutes of the extraordinary, special, and debenture holder meetings, in up to 7 (seven) business days as of their execution;
5. extracts of minutes of meetings of the supervisory board, when the agenda of which contains matters that may affect the rights or quotation of the issuer’s securities submitted to negotiation in regulated securities markets, in up to 7 (seven) business days as of its execution;
6. communication on material information;
7. information disclosure policy;
8. indentures and any amendments, in 7 (seven) business days as of its signing;
9. communications prepared in the fulfillment of Article 68, Paragraph 1, sub-item "c" of Law 6,404, of 1976, in the same day of its publication;
10. reports of risk of credit rating agencies contracted by the issuer and updates thereof, if any, on their date of publication;
11. term of securitization of receivables and any amendments, in 7 (seven) business days as of its signing;
12. initial judicial recovery petition, with all documents supporting it, in the same day of filing thereof in court;
13. judicial recovery plan, in the same day of filing thereof in court;
14. concession or denial of the judicial recovery request, with the indication, in the latter case, of the judicial administrator appointed by the judge, in the same day of knowledge thereof by the issuer;
15. extrajudicial recovery plan approval request, with the Financial Statements submitted especially to support the request, in the same day of filing thereof in court;
16. concession or denial of the extrajudicial recovery plan approval, in the same day of knowledge thereof by the issuer;
17. filing of a bankruptcy petition, provided that it is based on a relevant amount, in the same day of knowledge thereof by the issuer;
18. concession or denial of the filing of a bankruptcy petition, in the same day of knowledge thereof by the issuer; and
19. decree of intervention or liquidation, with the indication of the intervener or liquidator appointed, in the same day of knowledge thereof by the issuer.

Article 32. Without prejudice to the provisions of this Instruction:

1. The provisions of the Annex 32-I apply to issuers of shares underlying Brazilian Depositary Receipts (BDRs); and
2. the provisions of Annex 32 – II apply to securitization companies.

Sole Paragraph. In addition to the types of legal entities provided for in the caput, issuers that exclusively issue commercial agribusiness bonds (NCA), for distribution or public negotiation, may organize as agricultural cooperatives.

1. issuers of stocks listed in stock exchanges for at least 3 (three) years;
2. issuers having timely fulfilled their periodical obligations over the last 12 (twelve) months; and
3. issuers whose market value of stocks in circulation is equal to or higher than R$5,000,000,000.00 (five billion reais), in accordance with the closure quotation of the last business day of the quarter preceding the date of the registration request for securities distribution public offering.

1. a statement confirming the issuer meets items I and II of the caput; and
2. a calculation chart prepared by the issuer for the assessment of item III of the caput.

Article 35. The issuer in extrajudicial recovery will send payment schedule fulfillment reports and other obligations set out in the extrajudicial recovery plan to the CVM, through the electronic system available on the CVM website, in up to 90 (ninety) days.

Article 36. The issuer in judicial recovery is exempted from delivering the Reference Form until the delivery in court of the report detailed at the end of the recovery process.

1. monthly statements, accompanied by the judicial administrator report, on the same date of submission to court;
2. the recovery plan, in the same day of submission to court;
3. the decree of bankruptcy in the course of the process, in the same day of knowledge thereof; and
4. a detailed report submitted by the judicial administrator at the end of the recovery, in the same day of submission to court.

Article 38. A bankrupt issuer is exempted from providing periodical information.

Article 39. The bankrupt issuer will send the following documents to the CVM, through the electronic system available on the CVM website:

1. a report on the causes and circumstances that led to bankruptcy, on the same day it is presented in court;
2. administration statements, on the same day they are presented in court;
3. any other information submitted to court in the bankruptcy proceedings, on the same day they are presented in court;
4. accounts submitted at the end of the bankruptcy proceedings, on the same day they are presented in court;
5. a final report on the bankruptcy proceedings, on the same day they are presented in court; and
6. the court decision closing the bankruptcy proceedings, on the same day it is made known to the issuer.

Article 41. The issuer in liquidation will send the following documents to the CVM through the electronic system available on the CVM website:

1. the act of appointment, dismissal, or replacement of the liquidator, on the same day:

a) it becomes known to the issuer, in the event of liquidation of a financial institution or judicial liquidation; or

b) it is approved by issuer’s administrators, in the event of extrajudicial liquidation.

2. a general list of creditors set by the liquidator;
3. a definitive general list of creditors, on the same day it becomes known by the issuer, in the event of liquidation of a financial institution or judicial liquidation;
4. a final liquidation report and balance, with rendering of accounts by the liquidator;
5. any other reports, legal opinions, and accounting information prepared under the liquidator’s responsibility; and
6. the act of closuring the liquidation, in the same day of knowledge thereof by the issuer or approval by the issuer’s administrators.

a) their submission to the regulator, in the event of liquidation of a financial institution;

b) their submission to the issuer’s administrators, in the event of extrajudicial liquidation; or

c) they are presented in court, in the event of judicial liquidation.

Article 43. The controller will timely provide the issuer with all necessary information for compliance with the legislation and regulation of the securities market.

Paragraph 1. The director of investor relations may perform other executive functions.

Paragraph 2. The legal representative of a foreign issuer is equivalent to the director of investor relations for all purposes provided for in the legislation and regulation of the securities market.

Paragraph 3. Whenever the administrator of an issuer in special situation is replaced by a liquidator, judicial administrator, judicial manager, intervener, or a similar individual, this person will be equivalent to the director of investor relations for all purposes provided for in the legislation and regulation of the securities market.

Article 46. The responsibility attributed to the director of investor relations does not remove the responsibilities of the issuer, controller, and other administrators of the issuer for the violation of legal and regulatory rules that govern the securities market.

1. the decision to cancel the registration at the CVM;
2. the deposit made, mentioning the amount, bank institution, branch, and checking account; and
3. instructions on how holders that have still not received their credits should proceed to receive them.

1. statement by the trustee, if any;
2. statement by the securities holders confirming they are aware of and agree that, due to the registration cancellation, the issuer’s securities may no longer be negotiated in regulated markets; or
3. unanimous deliberation at a meeting attended by all securities holders.

1. the conditions of Article 47 have been fulfilled in relation to all securities, apart from stocks and stock deposit certificates that have been publicly distributed or submitted to negotiation in regulated securities markets; and
2. the requirements of the public offering of stock acquisition for registration cancellation have been fulfilled, pursuant to the specific rules on the subject.

Article 49. The issuer may request cancellation of its registration in category B, at any moment, through a request sent to the SEP.

Paragraph 1. The request referred to in the caput will be accompanied by the documents that prove fulfillment of Article 47.

Paragraph 2. SEP will have 15 (fifteen) business days, from the filing date, to approve or reject the cancellation request, provided that the request is accompanied by all documents identified in Paragraph 1.

Paragraph 3. The deadline referred to in Paragraph 2 may be interrupted only once, in the event the SEP requests additional information or documents from the applicant; in this case, the term will be reset for this application once the requirements have been met.

Paragraph4. The applicant will have 30 (thirty) business days to fulfill the requirements set by the SEP.

Paragraph 5. Absence of a response by the SEP within the deadline mentioned in Paragraph 2 implies automatic approval of the issuer’s registration cancellation request.

Paragraph6. Non-compliance with the deadline mentioned in Paragraph 4 implies the automatic rejection of the cancellation request.

Article 50. The issuer may request the cancellation of its registration in category A at any moment through a request forwarded to the Division of Issuers (SRE).

Paragraph 1. The request referred to in the caput will be accompanied by the documents that prove fulfillment of Articles 47 and 48.

Paragraph 2. The request referred to in the caput may be made at the same time as the public stock acquisition registration offerings request for the registration cancellation.

Paragraph 3. SRE will have 15 (fifteen) business days to check the fulfillment of the requirements set out in Articles 47 and 48, as from the date of submission of all documents evidencing the fulfillment of those requirements contained in Articles 47 and 48, or the receipt of statements on the public offering of stock acquisition for the registration cancellation, issued by the administrator of the market in which the auction was carried out, as applicable.

Paragraph 4. The deadline referred to in Paragraph 3 may interrupted only once, in the event the SRE requests additional information or documents from the applicant; in this case, the term will be reset for the application once the requirements have been met.

Paragraph 5. The applicant will have 30 (thirty) business days to fulfill the requirements set out by the SRE.

Paragraph 6. Within the deadline set out in Paragraph 3, SRE will forward to SEP the registration cancellation request, providing a response on the fulfillment of the requirements set out in Articles 47 and 48.

Paragraph 7. SEP will have 15 (fifteen) business days, as of the end of the deadline set out in Paragraph 3, to approve or reject the cancellation request.

Paragraph 8. Absence of response by SEP within the deadline mentioned in Paragraph 7 implies automatic approval of the issuer’s registration cancellation request.

Paragraph 9. Non-compliance with the deadline mentioned in Paragraph 5 implies automatic rejection of the cancellation request.

Article 51. The issuer is responsible for publishing the registration approval or rejection information to the investors, in the form set out for the disclosure of material information.

Article 52. SEP will suspend the securities issuer’s registration in the event the issuer does not fulfill, for a period longer than 12 (twelve) months, its periodical obligations pursuant to this Instruction.

Sole Paragraph. SEP will inform the issuer on the suspension of its registration through an official letter sent to the issuer’s headquarters, according to the data contained in its registration form, and through communication on the CVM website.

Article 53. The issuer whose registration has been suspended may request the reversal of the suspension through a grounded request, sent to SEP, accompanied by the documents that prove the fulfillment of the overdue periodical and event obligations.

Paragraph 1. SEP will have 15 (fifteen) business days to perform the analysis of the suspension reversal request, counted from the date of filing of all documents necessary to prove the fulfillment of overdue periodical and event obligations.

Paragraph 2. The deadline referred to in Paragraph 1 may be interrupted only once in the event SEP requests additional information or documents from the applicant; in this case, the term will be reset for this application once the requirements have been met.

Paragraph 4. Absence of a response by SEP within the deadline mentioned in Paragraph 1 implies automatic approval of the issuer’s registration suspension reversal request.

Paragraph 5. Non-compliance with the deadline mentioned in Paragraph 3 implies the automatic cancellation of the request.

1. issuer’s dissolution; and
2. issuer’s registration suspension for a period longer than 12 (twelve) months.

Sole Paragraph. SEP will inform the issuer on the cancellation of its registration through an official letter sent to the issuer’s headquarters, according to the data contained in its registration form, and through communication on the CVM website.

Paragraph 1. In the event SEP understands that the information and documents referred to in the caput are relevant or differ in any way from those previously disclosed by the issuer, SEP may require the issuer to disclose such information or document.

Paragraph 2. The information and documents referred to in the caput are considered public by SEP.

Paragraph 3. The issuer may request the CVM to give confidential treatment to the informations and documents provided pursuant to the caput, presenting the reasons for which public disclosure of such informations or documents would represent legitimate risk to the issuer’s interest.

Paragraph 4. The confidential information will be sent in a sealed envelope, addressed to the CVM Chair, containing the word "confidential".

Paragraph 5. The issuer and its administrators, directly or through the Director of Investor Relations, are responsible for immediately disclosing the information under confidential treatment by CVM to the market in the event the informations run out of control or in the event of atypical oscillation in the quotation, price, or amount negotiated of the issuer’s securities.

Article 58. Pursuant to specific rules on the subject, the issuer is subject to a daily fine for nonobservance of the deadlines set out in this Instruction for the delivery of periodical information, as follows:

1. R$500.00 (five hundred reais) for issuers registered in category A; and
2. R$300.00 (three hundred reais) for issuers registered in category B.

Article 59. CVM will publish every six months, on its website, a list of issuers that are at least three (3) months in default on any of the respective periodical obligations.

Article 60. For the purposes of Paragraph 3 of Article 11 of Law 6,385, of 1976, the following comprises serious violations:

1. disclosure to the market or delivery to the CVM of information that is false, incomplete, inaccurate, or that may mislead investors;
2. repeated non-compliance with the deadlines set out for submission of periodical and event information provided in this Instruction; and
3. non-compliance with the deadline set out in Article 132 of Law 6,404, of 1976, for execution of the ordinary general meeting.

Article 61. CVM communications provided for in this Instruction will be valid when sent via electronic message or fax and sent to the addresses contained in the registration form.

Article 63. This Instruction will come into effect on January 1^st, 2010.

Article 64. Issuers that have obtained public company registrations prior to this Instruction comes into effect will be automatically transferred to the categories created by this Instruction, according to the rating prepared and disclosed by the SEP.

Sole paragraph. In the preparation of the rating, SEP will take into account:

1. the characteristics of the issuer’s current registration;
2. the issuer’s securities negotiated in regulated markets; and
3. the regulated markets in which such securities are negotiated.

Article 65. The deadline referred to in Article 29, item II, of this Instruction will be 45 (forty-five) days until December 31^st, 2011.

Article 66. Fulfillment of the obligation set out in Article 13, Paragraph 2, of this Instruction will be optional until December 31^st, 2010.

Article 67. The issuer may omit information relating to fiscal years 2007 and 2008 from section 13 of the Reference Form.

1. Articles 3 to 5 and 11 to 19 of CVM Instruction 134, of November 1^st, 1990;
2. Article 1, item II, of CVM Instruction 155, of August 7^th, 1991;
3. CVM Instruction 202, of December 6^th, 1993;
4. CVM Instruction 207, of February 1^st, 1994;
5. CVM Instruction 232, of February 10^th, 1995;
6. CVM Instruction 238, of October 11^th, 1995;
7. CVM Instruction 243, of March 1^st, 1996;
8. CVM Instruction 245, of March 1^st, 1996;
9. CVM Instruction 270, of January 23^rd, 1998;
10. CVM Instruction 274, of March 12^th, 1998;
11. Articles 2 and 3 of CVM Instruction 281, of June 4^th, 1998;
12. CVM Instruction 287, of August 7^th, 1998;
13. CVM Instruction 294, of October 30^th, 1998;
14. CVM Instruction 309, of June 10^th, 1999;
15. CVM Instruction 331, of April 4^th, 2000;
16. Article 2, Paragraph 3, of CVM Instruction 332, of April 4^th, 2000;
17. CVM Instruction 343, of August 11^th, 2000;
18. CVM Instruction 351, of April 24^th, 2001;
19. Articles 17, 18, and 25 of CVM Instruction 361, of March 5^th, 2002;
20. CVM Instruction 373, of June 28^th, 2002;
21. Articles 2 and 3 of CVM Instruction 414, of December 30^th, 2004;
22. Articles 8 to 13 and 23 of CVM Instruction 422, of September 20^th, 2005;
23. Articles 1 and 3 of CVM Instruction 431, of May 29^th, 2006;
24. CVM Instruction 440, of October 18^th, 2006;
25. Article 11 of CVM Instruction 469, of May 2^nd, 2008;
26. CVM Deliberation 178, of February 13^th, 1995;
1. CVM Deliberation 234, of December 30^th, 1997; and
2. CVM Deliberation 541, of May 15^th, 2008.

Article 1. For national issuers, the securities issuer registration request will be accompanied by the following documents:

1. securities issuer registration request, signed by the director of investor relations, indicating the registration category intended;
2. minutes of the general meeting that approved the registration request or equivalent document, in the event the issuer is not constituted as a corporation;
3. minutes of the management board meeting or the general meeting that appointed the director of investor relations or equivalent document, in the event the issuer is not constituted as a corporation;
4. consolidated and updated bylaws or equivalent document, in the event the issuer is not constituted as a corporation, accompanied by the documents that prove:

a) approval by shareholders, quota holders, cooperative members, or equivalent persons; and

b) prior approval by the regulator of the market in which the issuer operates, when such administrative act is necessary for the bylaws validation or efficiency;

5. appropriate Reference Form for the registration category intended;
6. Registration Form;
7. Financial Statements relating to the 3 (three) last fiscal years, prepared in accordance with the accounting rules applicable to the issuer in the respective fiscal years;
8. Financial Statements especially prepared for purposes of registration, pursuant to Articles 25 and 26 of the Instruction, referring to:

a) the last fiscal year, provided that such statements reasonably reflect the issuer’s net worth at the moment of filing of the registration request; or

b) a later date, preferably coinciding with the date of closure of the last quarter of the current fiscal year, but never prior to 120 (one hundred and twenty) days as of the date of filing of the registration request, in the event:

1. any relevant change has occurred to the issuer’s net worth after the last fiscal year end; or

2. the issuer has been created on the same fiscal year of the registration request;

9. comments by the board on the differences of Financial Statements relating to the last fiscal year submitted in accordance with item VII and those submitted in accordance with item VIII, where applicable;
10. minutes of all general shareholder meetings carried out over the last 12 (twelve) months or equivalent documents, in the event the issuer is not constituted as a corporation;
11. copies of shareholder agreements or other memorandums filed at the issuer’s headquarters;
12. a copy of the agreement signed alongside an institution for the provision of book-entry securities services, if any;
13. Standardized Financial Statement Form (DFP), referring to the last fiscal year, prepared based on the Financial Statements mentioned in item VIII;
14. information disclosure policy;
15. Quarterly Information Form (ITR), pursuant to Article 29 of the Instruction, referring to the 3 (three) first quarters of the current fiscal year, provided that 30 (thirty) days have occurred following the closure of each quarter;
16. copies of minutes of taking office of the issuer’s administrators, pursuant to the specific rules on the matter;
17. stock negotiation policy, if any; and
18. statements on the issuer’s securities holded by administrators, members of the audit committee, and any bodies with technical or advisory functions created by statutory provisions, pursuant to the specific rules on the matter.

Sole paragraph. For the purposes of item VIII, legal opinions of auditing firms that contain opinions with qualifications or adverse opinions on relevant distortions in the Financial Statements will not be accepted.

Article 2. For foreign issuers, the securities issuer registration request will be accompanied by the following documents:

1. request indicating the registration category intended, signed by the legal representative in Brazil and the director in charge of the depository institution;
2. document of the issuer’s board that approved the registration request;
3. document of the issuer’s board that appointed the legal representative in Brazil;
4. issuer’s power of attorney for the legal representative in Brazil;
5. document equivalent to the issuer’s consolidated and updated bylaws;
6. document in which the legal representative accepts the appointment and indicates knowledge of the powers granted to the legal representative and the responsibilities imposed by Brazilian law and regulation;
7. document of the depository institution that appointed the director in charge;
8. appropriate Reference Form for the registration category intended;
9. Registration Form;
10. Financial Statements referring to the 3 (three) last fiscal years, presented in the country where the issuer’s securities are submitted to negotiation;
11. Financial Statements especially prepared for purposes of registration, pursuant to Articles 25 and 27 of Instruction, referring to:

a) the last fiscal year, provided that such statements reasonably reflect the issuer’s net worth at the moment of registry of the registration request; or

b) a later date, preferably coinciding with the last quarter end of the current fiscal year, but never prior to 120 (one hundred and twenty) days as of the date of filing of the registration request, in the event:

1. any relevant change has occurred to the issuer’s net worth after the last fiscal year end; or

2. the issuer has been created on the same fiscal year of the registration request;

12. comments by the board on the differences of Financial Statements relating to the last fiscal year submitted in accordance with item X and those submitted in accordance with item XI, where applicable;
13. minutes of all corporate events equivalent to general shareholder meetings, carried out over the last 12 (twelve) months;
14. corporate documents equivalent to shareholder agreements;
15. Standardized Financial Statement Form (DFP), referring to the last fiscal year, prepared based on the Financial Statements mentioned in item XI;
16. Quarterly Information Form (ITR), pursuant to Article 29 of the Instruction, referring to the 3 (three) first quarters of the current fiscal year, provided that 30 (thirty) days have occurred upon each quarter end;
17. statement of the foreign issuer’s condition; and
18. statements on the issuer’s securities holded by administrators, members of the audit committee, and any entities with technical or advisory functions created by statutory provisions, pursuant to the specific rules on the matter.

1. General data

1. Corporate name
2. Date of last change of corporate name
3. Previous corporate name
4. Date of creation
5. CNPJ
6. CVM code
7. Date of registration at the CVM
8. Category of registration at the CVM

1. A
2. B

1. Date of registration at the current CVM category
2. Situation of registration at the CVM

1. Active
2. Under analysis
3. Not granted
4. Suspended
5. Cancelled

1. Start date of the situation of registration at the CVM
2. Country of origin
3. Country where securities are kept to custody
4. Foreign countries where the securities are admitted for trading
5. Date of issue for trading in a foreign country
6. Activity sector
7. Issuer’s situation

1. Pre-operational stage
2. Operational stage
3. In judicial recovery or equivalent
4. In extrajudicial recovery
5. In bankruptcy
6. In extrajudicial liquidation
7. On hold

1. Start date of the issuer’s situation
2. Types of control

1. State-held
2. State-held holding
3. Foreign
4. Foreign holding
5. Private
6. Private holding

1. Date of the last change of stock control types
2. The end of the fiscal year
3. Date of the last change of the fiscal year
4. Issuer’s website
5. Newspaper in which the issuer publishes its information
6. Address

1. Type of address:

i. Headquarters

ii. Correspondence address

2. Address

1. Calling code
2. Telephone
3. Fax code
4. Fax
5. Email

1. Name:

i. Stocks

ii. Debentures

iii. Convertible debentures

iv. Underwriting bonuses

v. Commercial paper

vi. Collective investment agreement

vii. Securities deposit certificate

viii. Real estate receivables certificate

ix. Agribusiness receivables certificate

x. Collective investment bonds

2. Market in which this securities are traded

i. Non-organized over-the-counter

ii. Organized over-the-counter

iii. Stock exchange

3. Administrator of the market in which the securities are admitted for trading
4. Start date of trading
5. If any, indicate the trading segment of the over-the-counter market

i. New Market

ii. Level 1

iii. Level 2

iv. Bovespa Mais

6. Start date of listing in the trading segment

1. Location
2. Address 2
3. District
4. Municipality
5. Federal unity
6. CEP

1. Director of investor relations
2. Liquidator
3. Judicial administrator
4. Judicial manager
5. Trustee
6. Legal representative (for foreign issuers)

1. Location
2. Address 2
3. District
4. Municipality
5. Federal unit
6. CEP

1. Location
2. Address 2
3. District
4. Municipality
5. Federal Unit/State/Province
6. CEP, postal code, PO Box (in case of foreign issuers)