CHAPTER I -. DEFINITION Article 1 The ASSET MANAGEMENT is the professional PRACTICE of related activities, directly or indirectly, operation, maintenance and management of a portfolio of securities, including the application of funds in the market securities by the investor's account.

Art. 14. The ASSET MANAGER, legal company, should keep a page on the Web with the following updated information:

I - the reference form, the content should reflect the Annex II-15

II - code of ethics in order to OPERATE the administrator's duties provided in the art. 16 of this Instruction

III - rules, procedures and description of internal controls ESTABLISHED to comply with this Instruction

IV - risk management policy

V - BUY AND SALE policy of securities by directors, employees, partners and the company itself

VI - pricing manual of the assets of securities portfolios it manages, although this manual has been developed by third parties

VII - apportionment policy and orders of division between the portfolios of securities