Decree 4,933 Of 23 December 2003

Original Language Title: Decreto nº 4.933, de 23 de Dezembro de 2003

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Decree 4,933 of 23 DECEMBER 2003.
Adds the art. 4-the Regimental structure of the Securities and Exchange Commission, approved by Decree No. 4,763, of 24 June 2003.
The PRESIDENT of the REPUBLIC, in the use of the powers conferred. 84, subparagraphs IV and VI, paragraph a, of the Constitution, and in view of the provisions of law No. 6,385, of 7 December 1976, and law nº 9,986, 18 July 2000, DECREES: Art. 1st Regimental structure of the Securities and Exchange Commission, approved by Decree No. 4,763, of 24 June 2003, force the art. 40: "Art. 4-a. during the period of vacancy prior to the appointment of the directors or in the case of legal or regulatory impediment, they are replaced by a member of the Collegiate replacement list.
(1) the list of replacement will be formed by three servers in CVM, occupants of the positions of Superintendent, chosen and appointed, by order of the Minister of State Farm, among the nominees for the Board, the order of precedence contained in the Act of designation for the replacement exercise.
(2) the Board shall indicate to the Minister of State of finance three names for each vacancy on the list.
(3) no one will linger for more than two years in continuous list of replacement and only she will be brought in top to a minimum period of two years.
paragraph 4 shall apply to substitutes the subjective requirements as to investiture, bans and the duties imposed on Directors.
§ 5 replacement if necessary, surrogates will be called in the order of precedence in the list, subject to the rotation system.
§ 6 the same replacement shall not exercise the position of Director for more than 60 continuous days and summoned another substitute, in the order of the list, if the avoidance or prevention of the Director extends beyond that period.
§ 7 the President will be replaced in their legal and regulatory impediments by one of the directors, appointed by the Minister of State for finance and appointed by the President of the Republic. " (NR)
Art. 2 this Decree shall enter into force on the date of its publication.
Brasília, 23 December 2003; 182 of independence and 115 of the Republic.