TEXTO PAGINA: 50
NORMAS LEGALES (O3HUXDQR Lima, viernes 12 de octubre de 2007 355268 3DUDHOFRQVXPRGHEHELGDVDOFRKyOLFDVGHQWURGHO HVWDEOHFLPLHQWR D (VWDEOHFLPLHQWRV GH (VSDUFLPLHQWR 1RFWXUQR (VWDEOHFLPLHQWRV HVSHFLDOPHQWH DFRQGLFLRQDGRV SDUD UHXQLRQHV SUHVHQWDFLyQ GH HVSHFWiFXORV DUWtVWLFRV \REDLOHVHQORVTXHVHH[SHQGHFRPLGDVSUHSDUDGDV\EHELGDVDOFRKyOLFDV&RPSUHQGHDODV'LVFRWHFDV3HxDV&HQWURV1RFWXUQRVEDUHVFDQWLQDVVDORQHVGHEDLOHFDIpWHDWURVFDEDUHWVYLGHRVSXEV\GHPiVHVWDEOHFLPLHQWRVVLPLODUHV E (VWDEOHFLPLHQWRVGHKRVSHGDMH (VWDEOHFLPLHQWRVGH GHVFDQVRKDELOLWDGDVFRQKDELWDFLRQHVDFRQGLFLRQDGDV\FRQXQiUHDGHFRFLQD\RFRPHGRUHQODTXHVHH[SHQGHQFRPLGDVSUHSDUDGDV\EHELGDV&RPSUHQGHDORV+RWHOHV+RVWDOHVHWF F (VWDEOHFLPLHQWRV 6RFLDOHV (VWDEOHFLPLHQWRV GHGLFDGRVHQIRUPDSHUPDQHQWHRHYHQWXDODOGHVDUUROORGH DFWLYLGDGHV VRFLDOHV GH UHFUHDFLyQ FXOWXUDOHV FRQiUHDVSDUDEDLOHMXHJRVRHQWUHWHQLPLHQWRV\HQORVTXHVHH[SHQGHQFRPLGDV\EHELGDV 3DUDODYHQWDGHEHELGDVDOFRKyOLFDVHQYDVDGDVVLQ FRQVXPRGHQWURGHOORFDO D %RGHJDV\DXWRVHUYLFLRV (VWDEOHFLPLHQWRVGHYHQWD GHELHQHV\SURGXFWRVDOSRUPHQRUHQSHTXHxDHVFDODSDUDFRQVXPR GLUHFWR \ GRPpVWLFR SHUPLWLpQGRVH VX DFFHVRGLUHFWR SDUD VX DGTXLVLFLyQ R D WUDYpV GHO FRQGXFWRU R HPSOHDGR GHO HVWDEOHFLPLHQWR 6H LQFOX\HQ D DTXHOORV XELFDGRVHQHVWDEOHFLPLHQWRVGHH[SHQGLRGHFRPEXVWLEOH E 6XSHUPHUFDGRV (VWDEOHFLPLHQWRV GH YHQWD GH ELHQHV\SURGXFWRVDOSRUPHQRURDOSRUPD\RUHQJUDQHVFDOD SDUD FRQVXPR GLUHFWR \ GRPpVWLFR FRQ DFFHVRGLUHFWRSDUDVXDGTXLVLFLyQ F /LFRUHUtDV (VWDEOHFLPLHQWRVTXHWLHQHQFRPRJLUR SULQFLSDOODYHQWDGHOLFRUHVHQYDVDGRVSDUDOOHYDU G 'LVWULEXLGRUDV (VWDEOHFLPLHQWRV GHVWLQDGRV DO DOPDFHQDPLHQWR \ H[SHQGLR DO SRU PD\RU GH EHELGDVDOFRKyOLFDV $UWtFXOR 4XHGDQ H[FOXLGRV GH OD FODVL¿FDFLyQ GLVSXHVWDHQHODUWtFXOR\HQFRQVHFXHQFLDSURKLELGDODFRPHUFLDOL]DFLyQ\RFRQVXPRGHEHELGDVDOFRKyOLFDVSDUDORVHVWDEOHFLPLHQWRVVLJXLHQWHV D (VWDEOHFLPLHQWRVGHYHQWDGHFRPLGDDOSDVR E 6DORQHV GH Wp FDIHWHUtDV IXHQWHV GH VRGD KHODGHUtDV F 6DODVGHELQJRWUDJDPRQHGDV&LQHV7HDWURVG &HQWURVHGXFDWLYRVGHFXDOTXLHUQLYHO\QDWXUDOH]DH (VWDEOHFLPLHQWRVGHVDOXGS~EOLFRVRSULYDGRVI &HQWURVGHSRUWLYRV\ORVDVGHSRUWLYDVJ 0HUFDGRVGH$EDVWR*DOHUtDVFRPHUFLDOHV /DSURKLELFLyQHVWDEOHFLGDHQHVWHDUWtFXORULJHSDUDORV VLHWHGtDVGHODVHPDQDLQFOX\pQGRVHGRPLQJRV\IHULDGRVGXUDQWHODVKRUDVGHOGtD3RU'HFUHWRGH$OFDOGtDVH SRGUiQLQFRUSRUDURWURVHVWDEOHFLPLHQWRVFRPHUFLDOHV\RGH VHUYLFLRVQRSUHFLVDGRVHQHVWHDUWtFXORVLHPSUHTXHQRVHRSRQJDQDODFODVL¿FDFLyQH[SUHVDGDHQHODUWtFXOR 7,78/2,, '(/$$8725,=$&,Ï1081,&,3$/ <2%/,*$&,21(6 &$3Ë78/2Ò1,&2 $UWtFXOR 7RGRV ORV HVWDEOHFLPLHQWRV SDUD SRGHU HMHUFHUHOH[SHQGLR\RFRQVXPRGHEHELGDVDOFRKyOLFDVGHEHUiQFRQWDUFRQOD/,&(1&,$'()81&,21$0,(172081,&,3$/ $UWtFXOR 7RGRV ORV SURSLHWDULRV DGPLQLVWUDGRUHV UHSUHVHQWDQWHV R GHSHQGLHQWHV GH ORV HVWDEOHFLPLHQWRVDXWRUL]DGRVSDUDODFRPHUFLDOL]DFLyQGHEHELGDVDOFRKyOLFDVDFRQVXPLUVHGHQWURGHOORFDOHQFXDOTXLHUDGHVXVJLURV RPRGDOLGDGHVDGHPiVGHODVREOLJDFLRQHVVHxDODGDVHQ QRUPDVHVSHFt¿FDVWHQGUiQODVVLJXLHQWHVREOLJDFLRQHV D &RORFDUHQOXJDUYLVLEOHGHOORFDORHVWDEOHFLPLHQWR FDUWHOHVFRQORVVLJXLHQWHVPHQVDMHV ³352+,%,'$/$9(17$'(%(%,'$6$/&2+Ï/,&$6$ 0(125(6'($f26´\ ³6, +$6 ,1*(5,'2 %(%,'$6 $/&2+Ï/,&$6 12 0$1(-(6´ E 1HJDUHOLQJUHVRDPHQRUHVGHHGDG F 1RFRPHUFLDOL]DUEHELGDVDGXOWHUDGDVFRQWDPLQDGDV RTXHFRQWUDYHQJDQODVGLVSRVLFLRQHVGHVDOXGG &XPSOLUFRQHOKRUDULRHVWDEOHFLGRSRUHODUWtFXOR GHODSUHVHQWH2UGHQDQ]D H 7RPDU ODV SUHFDXFLRQHV QHFHVDULDV SDUD TXH HO FRQVXPRVyORVHUHDOLFHHQHOLQWHULRUGHOHVWDEOHFLPLHQWR $UWtFXOR /RV HVWDEOHFLPLHQWRV FRPHUFLDOHV \ QR FRPHUFLDOHV TXH FXHQWHQ FRQ DXWRUL]DFLyQ SDUD UHDOL]DU HYHQWRV QR GHSRUWLYRV PDWULPRQLRV FXPSOHDxRV EDXWL]RVSROODGDVFKLFKDUURQDGDVSDUULOODGDV\VLPLODUHV VROLGDUL]iQGRVHFRQHOHVStULWXGHODSUHVHQWH2UGHQDQ]D HOSURSLHWDULRRUHVSRQVDEOHGHEHUiSUHYHUHOFRQVXPRQR H[DJHUDGRGHEHELGDVDOFRKyOLFDVSDUDHYLWDUVHUVDQFLRQDGRFXDQGR D 6H RULJLQHQ HVFiQGDORV DJUHVLRQHV GLVWXUELRV ULxDVFRQDWRVGHDJUHVLRQHVVLQFDXVDUOHVLyQ E 6HIDOWHHOUHVSHWRRDPHQDFHDRWUDSHUVRQDRVH GHVREHGH]FDQODVyUGHQHVGHODDXWRULGDG F 6HPDOWUDWHQiUHDVYHUGHVRFRQYLHUWDQODYtDS~EOLFD HQOHWULQDREDVXUDO (VREOLJDFLyQGHHVWRVHVWDEOHFLPLHQWRVWRPDUODVGHELGDV SUHFDXFLRQHVSDUDTXHHOFRQVXPRGHEHELGDVDOFRKyOLFDVVyORVHKDJDHQHOLQWHULRUGHOORFDOEDMRUHVSRQVDELOLGDGGH TXLHQFRQWUDWDHOHVSDFLRSDUDODDFWLYLGDG $UWtFXOR /D FRPHUFLDOL]DFLyQ \R FRQVXPR GH EHELGDVDOFRKyOLFDVHQUHFLQWRVRHVSDFLRVTXHDOEHUJDQ S~EOLFRHQIRUPDPDVLYDSDUDHOGHVDUUROORGHHVSHFWiFXORV\ GH HVSDUFLPLHQWR WDOHV FRPR HVFHQDULRV FROLVHRV DXGLWRULRVGHEHUiQFXPSOLUFRQODVVLJXLHQWHVFRQGLFLRQHV D /RV VWDQGV SXHVWRV R WLHQGDV SDUD OD YHQWD GH EHELGDV DOFRKyOLFDV SDUD FRQVXPR GHEHUiQ XELFDUVH HQHVSDFLRVDSDUWDGRVGHOiUHDGHGHVDUUROORGHOHVSHFWiFXOR\GHOiUHDSDUDHVSHFWDGRUHVGHELHQGRFRQWDUFRQXQiUHDGHFLUFXODFLyQVX¿FLHQWHSDUDORVDGTXLULHQWHV E /RV FRQGXFWRUHV FRQWURODUiQ OD YHQWD GH EHELGDV DOFRKyOLFDV SDUD FRQVXPR IUHQWH DO LQGLFLR R HYLGHQFLDGH XQ FRQVXPR H[FHVLYR LQGLVFULPLQDGR R DEXVLYR GHEHELGDVDOFRKyOLFDVGHELHQGRGDUFXHQWDDODVDXWRULGDGHVPXQLFLSDOHV\RSROLFtDVSDUDWDO¿Q $UWtFXOR (Q HO 'LVWULWR GH %HOODYLVWD VyOR HVWi SHUPLWLGR HO H[SHQGLR \R FRPHUFLDOL]DFLyQ GH EHELGDVDOFRKyOLFDV GHVGH ODV KDVWD ODV KRUDV([FHSFLRQDOPHQWHVHSHUPLWHODYHQWDGHEHELGDVDOFRKyOLFDVKDVWDODV KRUDVHQORVVLJXLHQWHVHVWDEOHFLPLHQWRVFRPHUFLDOHV 'LVFRWHFDVSHxDVFHQWURVQRFWXUQRVVDORQHVGHEDLOHFDIpWHDWURVFDEDUHWV\YLGHRVSXEV /DFRPHUFLDOL]DFLyQ\RFRQVXPRGHEHELGDVDOFRKyOLFDV HQODYtDS~EOLFDRHQYHKtFXORVHVWDFLRQDGRVHQODYtDS~EOLFDHVWiQWHUPLQDQWHPHQWHSURKLELGRVGXUDQWHODVKRUDVGHOGtD 7Ë78/2,,, ,1)5$&&,21(6<6$1&,21(6 &$3,78/2, ,1)5$&&,21(6 $UWtFXOR 6HUiQVXMHWRVDVDQFLyQDGPLQLVWUDWLYD ORV FRQGXFWRUHV \R SURSLHWDULRV GH HVWDEOHFLPLHQWRV FRPHUFLDOHV\RGHVHUYLFLRV\ORVFRQVXPLGRUHV GHVHUHO FDVR TXHFRPHWDQODVLQIUDFFLRQHVVLJXLHQWHV 9HQGHU EHELGDV DOFRKyOLFDV IXHUD GHO KRUDULR HVWDEOHFLGRHQODSUHVHQWH2UGHQDQ]D 9HQGHU EHELGDV DOFRKyOLFDV VLQ DXWRUL]DFLyQ PXQLFLSDO 3HUPLWLUHOFRQVXPREHELGDVDOFRKyOLFDVHQHOLQWHULRU GHYHKtFXORVHVWDFLRQDGRVHQODYtDS~EOLFD DSOLFDEOHDO SURSLHWDULRGHOYHKtFXOR 3RU H[SHGLU EHELGDV DOFRKyOLFDV \R WDEDFR D PHQRUHVGHHGDG 3HUPLWLUHOFRQVXPRGHEHELGDVDOFRKyOLFDVHQHO IURQWLVGHOHVWDEOHFLPLHQWR 1R H[KLELU OD 2UGHQDQ]D TXH UHJXOD OD YHQWD \ FRQVXPRGHEHELGDVDOFRKyOLFDV 9HQGHU R FRQVXPLU EHELGDV DOFRKyOLFDV HQ LQVWLWXFLRQHVHGXFDWLYDV 9HQGHURFRQVXPLUEHELGDVDOFRKyOLFDVHQFHQWURV GHHVSHFWiFXORVGHVWLQDGRVDPHQRUHVGHHGDG $WHQGHU DO S~EOLFR HQ HVWDGR GH HPEULDJXH] R GURJDGLFFLyQ &RPHUFLDOL]DUEHELGDVDOFRKyOLFDVFXDOTXLHUDVHDVX IRUPDGHSUHVHQWDFLyQRGHSUHSDUDFLyQHQiUHDVS~EOLFDV &RQVXPLU EHELGDV DOFRKyOLFDV FXDOTXLHUD VHD VX IRUPDGHSUHVHQWDFLyQRGHSUHSDUDFLyQHQiUHDVS~EOLFDV