TEXTO PAGINA: 9
NORMAS LEGALES (O3HUXDQR Lima, domingo 14 de octubre de 2007 355375 5HJODPHQWR5HJODPHQWRGH/LFLWDFLRQHVGH6XPLQLVWUR GH(OHFWULFLGDG 5/&( 5HJODPHQWR GH OD /H\ GH &RQFHVLRQHV (OpFWULFDVDSUREDGRSRUHO'HFUHWR6XSUHPR1(0 /RVWpUPLQRVTXHHPSLH]DQFRQPD\~VFXODGLVWLQWRV D ORV SUHFHGHQWHPHQWH LQGLFDGRV WLHQHQ HO VLJQL¿FDGRHVWDEOHFLGR HQ OD /H\ /&( 5/&( X RWUDV QRUPDVDSOLFDEOHV &XDOTXLHUPHQFLyQDDUWtFXORVRWtWXORVVLQVHxDODUOD QRUPDDODTXHFRUUHVSRQGHQVHGHEHHQWHQGHUUHIHULGD DO SUHVHQWH 5HJODPHQWR /RV SOD]RV HVWDEOHFLGRV HQ GtDVVHFRPSXWDQHQGtDVKiELOHVVDOYRTXHVHLQGLTXH H[SUHVDPHQWHORFRQWUDULR6HHQWLHQGHQSRUKiELOHVWRGRVORVGtDVGHODxRH[FHSWRViEDGRVGRPLQJRVIHULDGRV\DTXHOORVGHFODUDGRVFRPRQRODERUDEOHVDQLYHOQDFLRQDOSRUHO3RGHU(MHFXWLYRSDUDHOVHFWRUS~EOLFR $UWtFXOR2EMHWR (O5HJODPHQWRWLHQHSRUREMHWRHVWDEOHFHUODVQRUPDV DSOLFDEOHVSDUDODV/LFLWDFLRQHVGHVXPLQLVWURGHHOHFWULFLGDG GHVWLQDGDVDDVHJXUDUFRQODDQWLFLSDFLyQQHFHVDULDHODEDVWHFLPLHQWR RSRUWXQR \ H¿FLHQWH GH OD GHPDQGD GHORV/LFLWDQWHVDVtFRPRSDUDLPSXOVDUODFRPSHWHQFLD\ODLQYHUVLyQHQQXHYDVFHQWUDOHVGHJHQHUDFLyQHOpFWULFDHQ HOPDUFRGHORHVWDEOHFLGRHQOD/H\ $UWtFXOR(PSUHVDVFRQSDUWLFLSDFLyQDFFLRQDULD GHO(VWDGR 'HDFXHUGRFRQORHVWDEOHFLGRHQOD6pSWLPD'LVSRVLFLyQ &RPSOHPHQWDULD )LQDO GH OD /H\ ORV *HQHUDGRUHV \'LVWULEXLGRUHVFRQSDUWLFLSDFLyQDFFLRQDULDGHO(VWDGRVHVXMHWDQDO5HJODPHQWRSDUDVXVRSHUDFLRQHVGHFRPSUD\YHQWDGHHOHFWULFLGDGSRUPHGLRGH/LFLWDFLRQHVHQODV FXDOHV SDUWLFLSDUiQ FRQ LJXDOHV FRQGLFLRQHV GHUHFKRV \REOLJDFLRQHVTXHORV*HQHUDGRUHV\'LVWULEXLGRUHVGHO6HFWRU3ULYDGR $UWtFXOR,QIRUPDFLyQGHO3URFHVRGH/LFLWDFLyQ (O&RQGXFWRUGHO3URFHVRPDQWHQGUiKDELOLWDGRHQVX 3RUWDOGH,QWHUQHWXQVLWLRGRQGHSXEOLFDUiORVGRFXPHQWRV\XQUHJLVWURGHWRGDVODVHWDSDVGHFDGDSURFHVRGH/LFLWDFLyQTXHFRQYRTXHGHVGHORVDYLVRV\FRQYRFDWRULDKDVWDODVHYDOXDFLRQHVDGMXGLFDFLRQHV\FRQWUDWRVGHVXPLQLVWUR&DGD'LVWULEXLGRUTXHFRQIRUPDHO/LFLWDQWHGHEHUiFRORFDUHQVX3RUWDOGH,QWHUQHWXQHQODFHKDFLD HO UHIHULGR VLWLR GHO 3RUWDO GH ,QWHUQHW KDELOLWDGR SRU HO &RQGXFWRUGHO3URFHVR (O26,1(5*0,1PDQWHQGUiHQVX3RUWDOGH,QWHUQHW OD LQIRUPDFLyQ UHODFLRQDGD FRQ WRGRV ORV SURFHVRV GH/LFLWDFLyQVREUHODEDVHGHODLQIRUPDFLyQTXHSURSRUFLRQHFDGD&RQGXFWRUGHO3URFHVR $UWtFXOR 'H ORV FRQWUDWRV VREUH SRWHQFLD \ HQHUJtD¿ UPHGH*HQHUDGRUHV (O&2(6YHUL¿FDUiSHULyGLFDPHQWHTXHORV*HQHUDGRUHV VyOR FRQWUDWHQ FRQ 8VXDULRV /LEUHV \ 'LVWULEXLGRUHV ODSRWHQFLD\HQHUJtD¿UPHSURSLD\FRQWUDWDGDFRQWHUFHURVLQFOX\HQGRWDPELpQODVTXHFRUUHVSRQGDQDORVSURJUDPDVGHLQYHUVLRQHVHQJHQHUDFLyQTXHLQFUHPHQWHQODRIHUWDVHJ~QORSUHYpHOQXPHUDO,9GHDUWtFXORGHOD/H\(O&2(6GHEHUiLQIRUPDUDO26,1(5*0,1ORVUHVXOWDGRVGHFDGDYHUL¿FDFLyQHQODIRUPD\SOD]RTXHpVWH~OWLPRORGHWHUPLQH 7Ë78/2,, 35(3$5$&,Ï1'(/$/,&,7$&,Ï1 $UWtFXOR3UHVHQWDFLyQ\$SUREDFLyQGH%DVHV (O'LVWULEXLGRUTXHGHVHHFRQYRFDUDXQD/LFLWDFLyQ FRPXQLFDUiDO0LQLVWHULR\DO26,1(5*0,1VXLQWHQFLyQGH LQLFLDU XQ SURFHVR GH /LFLWDFLyQ $VLPLVPR KDUiS~EOLFR VX LQWHUpV PHGLDQWH XQ DYLVR HQ VX SRUWDO GH,QWHUQHW\DOPHQRVHQXQGLDULRGHFLUFXODFLyQQDFLRQDO/D FRPXQLFDFLyQ D 26,1(5*0,1 GHEHUi FRQWHQHU ODSURSXHVWDGH%DVHV /RV 'LVWULEXLGRUHV TXH GHVHHQ SDUWLFLSDU HQ OD /LFLWDFLyQFRPXQLFDUiQVXLQWHUpVSRUHVFULWRDO&RQGXFWRUGHO3URFHVRFRQFRSLDD26,1(5*0,1HQXQSOD]RQR PD\RUGHTXLQFHGtDVGHSXEOLFDGRHOUHVSHFWLYRDYLVR VHxDODQGRHQGLFKDFRPXQLFDFLyQODLQIRUPDFLyQDTXHVHUH¿HUHQORVOLWHUDOHVD\FGHODUWtFXOR/D'HPDQGD5HTXHULGD SRU HVWRV 'LVWULEXLGRUHV GHEHUi VXMHWDUVH DOPLVPR3OD]R&RQWUDFWXDOPRGDOLGDGGHFRQWUDWDFLyQGHSRWHQFLD\RHQHUJtD\GHPiVWpUPLQRVGHODV%DVHV 7UDQVFXUULGRHOPHQFLRQDGRSOD]RGHTXLQFHGtDV HO &RQGXFWRU GHO 3URFHVR SUHVHQWDUi D 26,1(5*0,1ODV%DVHVDMXVWDGDVSDUDVXDSUREDFLyQ26,1(5*0,1GHEHUiDSUREDUODV%DVHVHQXQSOD]RPi[LPRGHWUHLQWDGtDVFRQWDGRVGHVGHODSUHVHQWDFLyQGHODV%DVHVDMXVWDGDV(VWHSOD]RVHSURUURJDUiSRUTXLQFHGtDV HQ WDQWR H[LVWDQ REVHUYDFLRQHV GH 26,1(5*0,1 QR OHYDQWDGDVDVXVDWLVIDFFLyQSRUHO/LFLWDQWH$IDOWDGH SURQXQFLDPLHQWRGH26,1(5*0,1GHQWURGHGLFKRSOD]R ODV%DVHVSURSXHVWDVSRUHO&RQGXFWRUGHO3URFHVRVH FRQVLGHUDUiQDSUREDGDV /DV%DVHVVHUiQDSUREDGDVPHGLDQWHUHVROXFLyQGH 26,1(5*0,1ODPLVPDTXHVHUiSXEOLFDGD/DV%DVHVDSUREDGDVVRQREOLJDWRULDVSDUDWRGRSDUWLFLSDQWHHQHOSURFHVRGH/LFLWDFLyQ $UWtFXOR&RQWHQLGRGHODV%DVHV /DV%DVHVLQFOX\HQHOPRGHORGHFRQWUDWRORVWpUPLQRV \FRQGLFLRQHVGHOSURFHVRGH/LFLWDFLyQ\ODVIyUPXODVGH DFWXDOL]DFLyQGHSUHFLRV¿UPHV$VLPLVPRFRQWHPSODUiQ FXDQWRPHQRVORVVLJXLHQWHVDVSHFWRVVXVWDQWLYRV D /DV 'HPDQGDV 5HTXHULGDV SRU HO /LFLWDQWH SUHFLVDQGRGHVHUHOFDVRODSDUWHTXHFRUUHVSRQGHDODGHPDQGDGHVXV8VXDULRV/LEUHV E(O3OD]R&RQWUDFWXDOF /RV 3XQWRV GH 6XPLQLVWUR UHTXHULGRV SRU HO /LFLWDQWH G/DVIyUPXODVGHDFWXDOL]DFLyQGHSUHFLRVGHSRWHQFLD \RHQHUJtDDSOLFDEOHVDWRGRVORV$GMXGLFDWDULRVGXUDQWHHO 3OD]R&RQWUDFWXDO H/DVJDUDQWtDVTXHRWRUJDUiQORV'LVWULEXLGRUHVDORV $GMXGLFDWDULRVVLIXHUDQHFHVDULRHTXLOLEUDUODGLIHUHQFLDGH VXFDOL¿FDFLyQGHULHVJR I(OSURFHGLPLHQWRSDUDODHYDOXDFLyQGHODV2IHUWDV J*DUDQWtDGHYDOLGH]\YLJHQFLDGHOD2IHUWDTXH GHEHUiQSUHVHQWDUORVSRVWRUHV K /DV JDUDQWtDV TXH RWRUJDUiQ ORV 3RVWRUHV TXH UHVSDOGHQVX2IHUWDFRQQXHYRVSUR\HFWRVGHJHQHUDFLyQ $UWtFXOR&RVWRVGH/LFLWDFLyQ /RVFRVWRVGHSXEOLFDFLyQGHORVDYLVRVORFDO\1RWDULR 3~EOLFRPHQRVORVLQJUHVRVSRUYHQWDGH%DVHVVHUiQ DVXPLGRVSRUWRGRVORV'LVWULEXLGRUHVTXHSDUWLFLSDQHQOD/LFLWDFLyQHQSDUWHVLJXDOHV(OFRVWRGHORFDOVHFRQVLGHUDUiVyORVLHOSURFHVRGHDGMXGLFDFLyQVHGHVDUUROODHQXQORFDOGLVWLQWRDOGHDOJXQRGHORV/LFLWDQWHV $UWtFXOR3ULRULGDGDORV8VXDULRV5HJXODGRV (QFRQFRUGDQFLDFRQHOQXPHUDOGHODUWtFXORGH OD/H\ORV'LVWULEXLGRUHVSRGUiQLQFRUSRUDUDODGHPDQGDDOLFLWDUODGHPDQGDFRUUHVSRQGLHQWHDVXV8VXDULRV/LEUHVSDUDORFXDOVHGHEHUiGLVWLQJXLUGHIRUPDSUHFLVDODSRUFLyQTXHFRUUHVSRQGHDVXV8VXDULRV/LEUHV (QFDVRQRVHORJUHFXEULUHOFLHQSRUFLHQWR GHOD'HPDQGD5HTXHULGDHQHOSURFHVRGH/LFLWDFLyQVH GDUiSULRULGDGDODGHPDQGDGHORV8VXDULRV5HJXODGRV(OUHPDQHQWHGHOD2IHUWDDGMXGLFDGDGHH[LVWLUVHUiGLVWULEXLGRHQWUHORV/LFLWDQWHVHQIRUPDSURSRUFLRQDODVXVUHVSHFWLYDVGHPDQGDVOLFLWDGDVSDUDVXV8VXDULRV/LEUHV $UWtFXOR ,QFHQWLYR SDUD OD /LFLWDFLyQ $QWLFLSDGD (QFRQFRUGDQFLDFRQHOQXPHUDOGHODUWtFXOR GHOD/H\\FRQIRUPHDODUWtFXORGHOD/H\HO/LFLWDQWH TXH FRQYRTXH FRQ XQD DQWLFLSDFLyQ PD\RU D WUHV DxRV FRQWDGRV D SDUWLU GH OD IHFKD GH FRQYRFDWRULDSRGUiLQFRUSRUDUDORVSUHFLRVGHHQHUJtDDVXV8VXDULRV5HJXODGRVXQ&DUJR$GLFLRQDO&$DORVSUHFLRVREWHQLGRVHQ OD /LFLWDFLyQ FDOFXODGR FRQIRUPH D OD VLJXLHQWH H[SUHVLyQ &$ [0$ 'RQGH &$&DUJR$GLFLRQDOH[SUHVDGRSRUFHQWXDOPHQWH UHGRQGHDGRDGRVFLIUDVGHFLPDOHV 0$&DQWLGDGGHPHVHVTXHPHGLDQHQWUHODIHFKDGH FRQYRFDWRULD\ODIHFKDGHLQLFLRGHOVXPLQLVWUR