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rua en!iau,cou e!l?leu ep apep!hou elad Eopomeu aiuaw(eln1eu opn E3QX3U31 E!WL

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.oluaurgrano! oznd B!JOIITISUO= ap 01e.11uo3 -

:oqs~dap no olr!Za~ erad oleriuo3 -

:awiif apeuro~ sp oie~luo3 -

:(~!iue~eZ mo, OB~O>O[O~ ap apep!lepomqnB E wo3) oe5esolo~ ap ole.1iuo3 -

!o!>u?i~!rse ap oleuuo3 -

:el!alreJ ap aeisas ap oia~iuo3 -

:s!en,elluo> sody ra)u!&~~ so .~!od ,!arvpJoqv

.ol-?s ramlam ammd oeu a rop~le%al olad ep!p!n!p a oeu e!mqnruo> e uaqurr~

.quasa~d era1.a oeu o~!r!nbo~ 1-1 anb ma o~emuo~ o odq oe qznpuoml enap as

anb apadw! anb ol!r!nba~ op e!,uelrqnr e!~dpxd e aewa i(so~das ~op apap!laJ

-aud ~p o>!urpuoJa oms!umaur op o~rodnsoa~d 3 1-1 oluenbua e!=ua,s!xa ern2 ,se~op

-e~dar sesardura se uro~ apasns owe,) anby!ran a* le!>or od!~ o!~dp~d o anb hdm!

e!au?sna ern3 oqsjJa,sae> ewnu als!ruaa e[a 2s .od!l oe ole~iuo> op o@npuo>a~ aeu o au!mr;llap =lap e!>u?sno e anb a~s~ad am oeu ~oh!ler~r!u!mpe owamn!>ua~!~

o~am mn ela 3s -ol!a[nn oe ep@!xa >pep!lanb sp ezammau q~dp~d au Crwra oejnlos v .od!~ oa oe5npuo~ar e apadm! oeu oh!l~ar~~. owamala la1 ap eqej m 'sors3 pop wed

io!om eu 'anb oSlnf~~w 'lenJa*!un .car apod oau emoIqo~d oe eirodra~ e anb o!aq .,,od!~ oa apep!l!q!inpua>aJ E arqor apepq~nb 1-1 ap e!x~?sn= ep ~e!~u?nbasuo:, EB~

a (.>la ,e.ropemdaian sp .oJueq ap '~optl~odsue~~ ap) apep!lenb ell>> =run .quai od!i oua> ap ~o1e~luo3 ma salua!uaNalu! sop urn anb op ~!eSa[ e!.uaS!xo mpd ape~uenal

(aluamomouolne lanp!Junua *em '.Io!lajue op langS!lwp o~u) emqqo~d onno urn

.ea!a>ueus ogSe!pamra~u! ap 012. run op 'epelon! 'leuo!rn>o q1g.td e

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-*nu! B aluame!xess?>au =iln~a~ oeu !ep ,(open!~d ol!ana op o oeu anb odur-3 orlnou

no) on!leals!u!mpv ol!al!a op odmc ou apep!leaal! opu!ls!xa ,anb op O~!IU~E ou O~YZ

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o anb !anluaae ran epudas ea .ole~!axzeu!f oe5e>ol ap apepp!ne e mars, !a1 e anb

e $elanbep apep!lua ewn arnoj oeu ol!arnr la1 anb aprap 'er!a~ueulj og5eml eu ~opeml

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10101 asenb s e>!jpan as oeu o>uam!lrsnu! elad e!mllnnuo> e e~!adpa~ anb ou seuadv

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-eyds e ~apjenl!r vesrau anb eu!ulaiap a leSnlrod ura nSnl Jai ruehop gaiuenalal sap5

-=,ado se a laSnuod ua ep!naJ mp!lranu! o anb rua s!euo!mulalu! sap jam!^ B el!odsar

(E ,,u 'rzE .ue) s!euo!>n,!lnu! oeu samp!inwu! uo~ soienuoa aqos e~2-a~ s+axal

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.enne> ua ~apSani!r re auua

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-ua, ogs oeu ,saLop!lsanu! oiuenbua 'aiuauqnqo ,anb v!euo!>ni!leu! oeu ~arop!isanu!

'0 .i,~en!~!~~sa~ $!em sa sew opuar .ra.re[!ur!s a s!wu!j E~JOP!U~BIIOJ a FO!J?S~J~~~

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-~~ed!nba ep e a s!auo!>m!lsu! ogu samp!lranu! wo, so~e~luo~ s~qos eJas opudas

'oJ!aJJa,

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ol!,>ra e rop!znpsJ =a* ap UL?I onb a>alqe~ra !a[ e ~o~!aur!~d slop roe oe5els~

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Para terminar, alinharei algumas notar sobre dois aspeetos "panorimicos"

Em primeiro lugar, quero afirrnar que o elenco que o CVM aprerenia dos convatos de intermediacao n i o exclui a po~~ib i l idade de serem celebrados contratos de intcr-

mediacio que n i o se encaixem nos tipos elencados. Por ourras palawas: esses tipos

legair n i o d o laxatives, n i o formarn um "numerus clausus".

0 s fundamentor deau a f i r m a ~ i a sao virior. Corno pano de fundo csti obviamente o

principio da liberdade contratual. Muito mais perto ercio ouuror elementos. Um 6 a

circunst2ncia de a lei regular or contratos de assistencia, de co loca~io e de tomada

firme por relacio a ofcrtas ptiblicar e de scr inegivel que s2o admissiveis contrams

similarer relativamente a ofertas particularer. Out ro esli na forma pela o CVM re

refere aos conrratos para recolha de investimenro, no art. 342. Ao estabelccer que as

regras sobre assistencia e colocagio se aplicam a contratos n i o enquadriveis nos ripos

em causa, o legislador eati a a d m i ~ i r a possibilidsde de a contrata$io, na area da inter-

mediacio, exrravarar os tipos por ele consagrados.

0 s e p n d o dos aspeeros que, neate nlimero final. quero focar tern a v e r corn a asnina-

lada recondutibilidade, total ou pareid, dos tipos legais em causa ao "macrotiPo" da

prertagio de servico~. Dai rerulta, por f o r p do art. 1156 do C6digo Civil, a aplicabili- dade a todor das normas sobre msndaro, "corn as necesdrias adap~aGder". Creio que

este comando legal deve ser aplicado corn pride eautela. Isso 6 espeeialmen~e verdade

relativamente aos tipor que n i o s io apenas rcconduriveis i prestacio de semigos (como 6 o cam, como arrinalei, da coloeacio com garancia e da tomada firme). Or contratos

enquadriveis nesres tipor obviamente tipicos. mas s i o ramb6m. num certo sen- lido, minos, na medida em que a anilire dos tipos legais em causa mortra a sua recon-

dutibilidade a outros iipos legais. O r a , os contratos mistos, julgo, devcm ser tratador

como atipicos3' - parecendo-me irro verdade n i o somente em r e l a ~ i o aor eonrratos

mistos em sentido pr6pr io (os que n i o enquadriveis em nenhum tipo legal.

embora apresentem aspector de virior contratar Upieos), como tamb6rn em relagio

aos contratos reconduziveis a tipor lcgais qualifieiveis coma mistos (par serem com-

postos por elementos de outros t ipod, n a medida em que as regrar ditadar p e l ~ legis-

lador para esses tipos se moslrern insuiicientes.