RegAlert1999-09-15
Added
Resolution No. 7 of September 15, 1999 - Revoked by COAF Resolution No. 39 of June 17, 2021 - Established procedures for commodity exchanges and brokers
Resolution No. 7 mandates commodity exchanges and their brokers to identify clients, maintain updated records of partners and interveners, and register all transactions with specific details. It requires the reporting of suspicious transactions to the Financial Activities Control Council (COAF) within twenty-four hours, with communications made in good faith exempt from civil or administrative liability. Entities must preserve records for a minimum of five years, designate a compliance officer, and face sanctions for non-compliance, while the resolution explicitly excludes financial assets regulated by the Central Bank or the Securities and Exchange Commission.
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Established procedures to be observed by commodity exchanges and brokers operating therein.
Published on 16/09/2020 01:06 Modified on 26/07/2021 14:34
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Established procedures to be observed by Commodity Exchanges and brokers operating therein - see original text below:
The President of the Financial Activities Control Council – COAF, using the attribution conferred by item IV of art. 9 of the Statute approved by Decree No. 2,799, of October 8, 1998, makes it public that the Plenary of the Council, in a session held on September 14, 1999, based on § 1 of art. 14 of Law No. 9,613, of March 3, 1998, resolved:
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Lineage: In force
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