The RAT file format specifies that all color values stored in it are in linear space, so rendering to them will write the values as-is (no sRGB conversion). Rendering to a PNG, on the other hand, will convert the rendered linear color values to sRGB because it's a sRGB format. If you're writing a normal map to PNG, you do not want any colorspace conversion to take place on export or import - the value should be stored linearly (otherwise normal values are unevenly distributed across[-1,1]).
So if you are reading the RAT into COPs, extracting the normals into a separate plane and writing them to PNG, disable the "Convert to Image Format's Colorspace" toggle in the Composite tab of the Composite ROP. This will write the linear values into the PNG as-is, without sRGB encoding.