Normative Instruction No. 2 of July 18, 2005 - Revoked

Published on 17/09/2020 14:42 Modified on 16/12/2020 15:35

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Provides for the procedures for the registration of commercial or mercantile funding companies (factoring) and the sending of communications of atypical or suspicious operations and negative declarations to COAF.

The President of the Financial Activities Control Council – COAF, using the attribution conferred by art. 14 of COAF Resolution No. 12, of May 31, 2005, resolves:

Registration of Companies

Art. 1º Legal entities that carry out the activity of commercial or mercantile funding (factoring) on a permanent or occasional basis, as a main or accessory activity, cumulatively or not, in their various modalities, hereinafter referred to as “factoring” companies, must register and keep their registration updated with COAF in the manner established in this Normative Instruction.

Art. 2º The registration of “factoring” companies with COAF, as well as its update, must be carried out by filling out the form available on the internet page http://www.fazenda., option “Registration with COAF” *, for which the filling instructions are available at the same electronic address.

Communications of Transactions

Art. 3º The communications to COAF of the transactions provided for in items “a” and “b” of art. 8º of COAF Resolution No. 12, of May 31, 2005, must be made by “factoring” companies registered with COAF, in the manner of art. 1º of this Normative Instruction, by filling out the appropriate fields available on the internet page http://www.fazenda., option “Communications of Atypical Operations” *, for which the filling instructions are available at the same electronic address whose filling instructions are inserted in the same electronic address. *Option: Services -> Area of Exclusive Use of persons obliged by Law 9.613

Declaration of Non-Existence of Atypical Operations

Art 4º “Factoring” companies that, under the sole paragraph of art. 8º of COAF Resolution No. 12, of May 31, 2005, have not made any transaction communication under items “a” and “b” of that same article in a civil semester, must send to COAF a declaration confirming the non-occurrence of transactions covered by the hypotheses provided for in the caput of said article, by filling out the appropriate fields available on the internet page http://www.fazenda., option “Declaration of Non-Existence of Operations” * , for which the filling instructions are available at the same electronic address whose filling instructions are inserted in the same page, within the following deadlines:

a) Declarations relating to the 1st semester of each year (from January 1 to June 30) must be sent to COAF between July 1 and July 31 of the same year; and

b) Declarations relating to the 2nd semester of each year (July 1 to December 31), must be sent to COAF between January 1 and January 31 of the following year.

General Provisions

Art. 5º In exceptional situations, duly justified, the registration of “factoring” companies, communications of transactions, and negative declarations may be made by registered mail or FAX addressed to COAF, or by fax no. 32260641.

Sole paragraph. For the purposes of what is established in the caput, the address for COAF correspondence is SAS – Quadra 3, Block “O”, Edifício Órgãos Regionais do Ministério da Fazenda – 7th floor – Brasília – DF – 70079-900, and the fax number is (0XX61) 3412-4752.

Art. 6º This Normative Instruction revokes the previous one no. 01, of 26.07.1999, and will enter into force on the date of its publication.

Brasília (DF), July 18, 2005.

Antonio Gustavo Rodrigues
President