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

This revoked instruction mandates that commercial or mercantile factoring companies register with the Financial Activities Control Council (COAF) and maintain their registration. It requires these entities to report atypical or suspicious transactions and, if no such transactions occurred in a calendar semester, to submit negative declarations within specified deadlines. The document also outlines procedures for submitting these communications via online forms, registered mail, or fax, and explicitly repeals the previous Normative Instruction No. 1 of July 26, 1999.

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

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.

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Lineage: Superseded

amendssupersedesissued underrefers toproposed or not in RegAlertarrows run from the older text to the one that changes it

Timeline

Amended 1 time · last 2014-12-01

2014-12-01COAFNormative Instruction No. 3 of December 1, 2014supersedes

Source: Conselho de Controle de Atividades Financeiras — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works