Main Capital Market Laws

Law No. 6.385, dated December 7th, 1976
Creates the CVM and disciplines the capital market
(consolidated version up to 02/27/2002)

Law No. 6.404, dated December 15th, 1976
Law of the Corporations
(consolidated version up to 11/01/2001)

Law No. 6.404, dated December 15th, 1976
(Rationale of the Law)

Law No. 7.940, dated December 20th, 1989
Institutes the Enforcement Fee of the securities and bonds markets, and supplies other provisions.

Law No. 8.666, dated June 21st, 1993
Regulates article 37, paragraph XXI, of the Federal Constitution, institutes rules for public bidding and procurement and the Public Administration contracts and supplies other provisions.

Law No. 9.457, dated May 5th, 1997
Modifies precepts of Laws No. 6.385/76 and 6.404/76.
Click here to see the elucidative text about the main amendments made.

Law No. 9.613, dated December 3rd, 1998
Provides for "money laundering" crimes or concealment of assets, rights and value orders; the prevention of financial system use for illicit actions provided in this law; creates the Financial Activity Control Council [Conselho de Controle de Atividades Financeiras] - COAF, and supplies other provisions.

Law No. 10.303, dated October 31st, 2001
Sets amendments and adds precepts to Law No. 6.385/76 and 6.404/76. Note: Measure No. 08, dated 10.31.2001, converted into Law No. 10.411, dated 26.02.2002, restablished the vetoed items in the project that was analyzed by the Executive Branch.

Law No. 10.198, dated February 12th, 2001
Provides for the regulation, inspection and supervision of the bonds market or collective investment contracts, and supplies other provisions.

Law No. 10.411, dated February 26th, 2002
Sets amendments and adds precepts to Law No. 6.385, dated December 7th, 1976, which provides for the securities market and creates the Securities and Exchange Commission.

Law No. 10.931, dated August 2nd, 2004
Provides for the affecting equity of real estate incorporations, Real Estate Letter of Credit, Real Estate Credit Note, Banking Credit Note, amends the Decree-Law No. 911, dated October 1st [sic], 1969, Law No. 4.591, dated December 16th, 1964, No. 4.728, dated July 14th, 1965, and No. 10.406, dated January 10th, 2002, and supplies other provisions.

Law No. 11.076, dated December 30th, 2004
Provides for about the Farming and Cattle Raising Deposit Certificate [Certificado de Depósito Agropecuário] - CDA, the Farming and Cattle Raising Warrant [Warrant Agropecuário] - WA, the Agribusiness Credit Rights Certificate [Certificado de Direitos Creditórios do Agronegócio] CDCA, the Agribusiness Letter of Credit [Letra de Crédito do Agronegócio] - LCA and the Agribusiness Receivables Certificate [Certificado de Recebíveis do Agronegócio] - CRA, alters the Inspection Fee that is regulated by Law No. 7.940, dated December 20th, 1989, and supplies other provisions.

Law No. 11.101, dated February 9th, 2005
Regulates the legal, extra-judicial and bankruptcy recovery of the entrepreneur and of the corporation.