Normative Instruction No. 3 of December 1, 2014

This instruction repeals Normative Instruction No. 2 of July 18, 2005, which previously established procedures for the registration of commercial financing (factoring) companies and the reporting of atypical or suspicious operations to the Financial Activities Control Council (COAF). The revocation aligns factoring companies with the general reporting obligations applicable to all sectors regulated by COAF under Circular-Note COAF No. 1. The instruction enters into force on the date of its publication.

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Published on 17/09/2020 17:46 Modified on 16/12/2020 17:55

Revokes Normative Instruction No. 2, of July 18, 2005, which provides for procedures for the registration of commercial financing or mercantile factoring companies 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 authority granted by Article 24 of COAF Resolution No. 21, of December 20, 2012, and:

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Lineage: In force

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Timeline

This document supersedes: Normative Instruction No. 2 of July 18, 2005 - Revoked

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