TEXTO PAGINA: 16
NORMAS LEGALES (O3HUXDQR Lima, jueves 3 de enero de 2013 485326 DUWtFXOR GHO SUHVHQWH 5HJODPHQWR FXDOTXLHU SHUVRQD SRGUi IRUPXODU WDFKD FRQWUD DOJXQR GH ORV SRVWXODQWHV OD PLVPD TXH VH SUHVHQWDUi DQWH HO -XUDGR &DOL¿FDGRU (VSHFLDO \ GHEHUi HVWDU GHELGDPHQWH IXQGDPHQWDGD \ GRFXPHQWDGDDSOLFiQGRVHHOSURFHGLPLHQWRFRQWHQLGRHQ HOQXPHUDOGHO$UWtFXORSUHFHGHQWH (O-XUDGR&DOL¿FDGRU(VSHFLDOWUDVODGDUiODWDFKD DO SRVWXODQWH LQYROXFUDGR FRQFHGLpQGROH XQ SOD]R GH GtDVKiELOHVSDUDTXHIRUPXOHVXVUHVSHFWLYRVGHVFDUJRV &RQODIRUPXODFLyQGHOGHVFDUJRFRUUHVSRQGLHQWHRVLQpOHO -XUDGR&DOL¿FDGRU(VSHFLDOUHVROYHUiODWDFKDHQXQSOD]R GHFLQFRGtDVKiELOHV/DUHVROXFLyQTXHHPLWDHO-XUDGR &DOL¿FDGRU(VSHFLDOVHUiLQLPSXJQDEOH 7Ë78/2,; '(/$(9$/8$&,Ï1 &$3Ë78/2, '(/$6(7$3$6'((9$/8$&,Ï1 $UWtFXOR'HODVHWDSDVGHHYDOXDFLyQ /DVHWDSDVGHODHYDOXDFLyQGXUDQWHHO&RQFXUVR 3~EOLFR1DFLRQDOGH0pULWRVSDUDHO,QJUHVRDOD)XQFLyQ 1RWDULDOVRQODVVLJXLHQWHV D&DOL¿FDFLyQGHOFXUUtFXORYLWDH E([DPHQHVFULWR F([DPHQRUDO /RVUHVXOWDGRVGHFDGDHWDSDGHHYDOXDFLyQVRQ HOLPLQDWRULDVLUUHYLVDEOHVHLQLPSXJQDEOHV (O SXQWDMH DSUREDWRULR SDUD FDGD XQD GH ODV HWDSDVGHHYDOXDFLyQHVGHGRFHSXQWRVVREUHXQWRWDO GHYHLQWHSXQWRV(OSRVWXODQWHGHEHREWHQHUSXQWDMH DSUREDWRULRSDUDSDVDUDODVLJXLHQWHHWDSD &XPSOLGDV ODV HWDSDV GHO &RQFXUVR 3~EOLFR 1DFLRQDOGH0pULWRVSDUDHO,QJUHVRDOD)XQFLyQ1RWDULDO SDUD OD REWHQFLyQ GHO SURPHGLR ¿QDO VH DSOLFDUiQ SHVRV GLIHUHQFLDGRVGHDFXHUGRDFDGDHWDSDGHODHYDOXDFLyQ FRQIRUPHDORVVLJXLHQWHVWpUPLQRV D&DOL¿FDFLyQGHOFXUUtFXORYLWDHSHVR E([DPHQHVFULWRSHVR F([DPHQRUDOSHVR /D HWDSD GH HYDOXDFLyQ RUDO VHUi ¿OPDGD /RV YLGHRV JUDEDGRV VHUiQ HQWUHJDGRV DO 6HFUHWDULR 7pFQLFR $G +RF TXLHQ OR PDQWHQGUi HQ FXVWRGLD KDVWD TXH FRQFOX\DHO&RQFXUVR3~EOLFR1DFLRQDOSDUDHO,QJUHVRDOD )XQFLyQ1RWDULDO)LQDOL]DGRHOUHIHULGRFRQFXUVRORVYLGHRV JUDEDGRV VHUiQ HQWUHJDGRV D OD 6HFUHWDUtD 7pFQLFD GHO &RQVHMRGH1RWDULDGRSDUDVXUHVSHFWLYDFXVWRGLD $UWtFXOR 'H OD GHVFDOL¿FDFLyQ GH ORV SRVWXODQWHV /RVSRVWXODQWHVVHUiQGHVFDOL¿FDGRVHQFXDOTXLHU HVWDGRGHOSURFHVRSRUODVVLJXLHQWHVFDXVDOHV D 6XPLQLVWUDU LQIRUPDFLyQ IDOVD R DGXOWHUDU ORV GRFXPHQWRVH[LJLGRVHQFXDOTXLHUHWDSDGHOFRQFXUVRVLQ SHUMXLFLRGHODVDFFLRQHVOHJDOHVSHUWLQHQWHV E9DOHUVHRSUHWHQGHUKDFHUORDWUDYpVGHLQÀXHQFLDV RUHFRPHQGDFLRQHVSDUDREWHQHUYHQWDMDHQORVH[iPHQHV RHQODFDOL¿FDFLyQLQFOX\HQGRSDJRVGiGLYDVRSURPHVDV GHSDJRVLQSHUMXLFLRGHODUHVSRQVDELOLGDGFLYLOSHQDOR DGPLQLVWUDWLYDTXHVHGHULYHQGHHVWHKHFKR F6XSODQWDURVHUVXSODQWDGR\SODJLDURLQWHQWDUSODJLDU GXUDQWHODVHWDSDVGHHYDOXDFLyQGHOFRQFXUVR G /D LQDVLVWHQFLD R LPSXQWXDOLGDG GHO SRVWXODQWH D FXDOTXLHUHWDSDGHHYDOXDFLyQGHOFRQFXUVR (Q ORV FDVRV VHxDODGRV HQ ORV LQFLVRV D \ E HO -XUDGR &DOL¿FDGRU (VSHFLDO HPLWLUi UHVROXFLyQ \ HQ ORV FRPSUHQGLGRVHQHOLQFLVRF\GHO6HFUHWDULR7pFQLFR$G +RFRXQIXQFLRQDULRDXWRUL]DGRGHMDUiFRQVWDQFLDHQDFWD TXHVXVFULELUiFRQMXQWDPHQWHFRQHO3UHVLGHQWH\XQPLHPEUR GHO-XUDGR&DOL¿FDGRU(VSHFLDOHQODTXHLQGLFDUiHOQRPEUH FRPSOHWRGHOSRVWXODQWH\ODUD]yQGHODGHVFDOL¿FDFLyQ &$3Ë78/2,, '(/$&$/,),&$&,Ï1'(/&855Ë&8/29,7$( $UWtFXOR'HODFDOL¿FDFLyQGHOFXUUtFXORYLWDH /D FDOL¿FDFLyQ GHO FXUUtFXOR YLWDH VHUi UHDOL]DGD SRUORVPLHPEURVGHO-XUDGR&DOL¿FDGRU(VSHFLDOFRQWDQGR FRQHODSR\RGHODVSHUVRQDVRHQWLGDGHVTXHGHVLJQHHO 0LQLVWHULR GH -XVWLFLD PHGLDQWH 5HVROXFLyQ 0LQLVWHULDO FRQIRUPHDOFXDGUR$QH[R,DOSUHVHQWH5HJODPHQWR\VH UHDOL]DUiHQHOOXJDUIHFKDV\KRUDVHVWDEOHFLGDVHQHODFWD GHVHVLyQGHLQVWDODFLyQGHO-XUDGR&DOL¿FDGRU (O-XUDGR&DOL¿FDGRU(VSHFLDOHODERUDHOFXDGUR GHSXQWDMHVGHWRGRVORVSRVWXODQWHVGHMDQGRFRQVWDQFLDGH ODFDOL¿FDFLyQFXUULFXODUHQDFWDVXVFULWDSRUORVPLHPEURV GHO-XUDGRDVLVWHQWHVDGLFKDVHVLyQ/RVSRVWXODQWHVTXH KD\DQREWHQLGRQRWDDSUREDWRULDVHUiQGHFODUDGRVDSWRV SDUDHOH[DPHQHVFULWR (QODIHFKDHVWDEOHFLGDSDUDVXFXOPLQDFLyQ\HQIRUPD LQPHGLDWDDODGHFODUDFLyQDTXHVHUH¿HUHHOSiUUDIRDQWHULRU HO6HFUHWDULR7pFQLFR$G+RFSXEOLFDUiHQHOSRUWDOLQVWLWXFLRQDO ODUHODFLyQGHORVSRVWXODQWHVDSWRVSDUDHOH[DPHQHVFULWRHQ RUGHQDOIDEpWLFRGHMDQGRFRQVWDQFLDGHGLFKDSXEOLFDFLyQDO ¿QDOGHO$FWDDTXHVHUH¿HUHHOSiUUDIRDQWHULRU &$3Ë78/2,,, '(/(;$0(1(6&5,72 $UWtFXOR'HODGH¿QLFLyQ (O H[DPHQ HVFULWR VHUi REMHWLYR \ YHUVDUi VREUH ODV GLVFLSOLQDV MXUtGLFDV GH DFXHUGR DO %DORWDULR YLJHQWH D OD IHFKDGHFRQYRFDWRULDGHOFRQFXUVR $UWtFXOR'HODFDOL¿FDFLyQGHOH[DPHQHVFULWR (O 0LQLVWHULR GH -XVWLFLD \ 'HUHFKRV +XPDQRV GHVLJQDUi D XQD LQVWLWXFLyQ HGXFDWLYD HVSHFLDOL]DGD \ GH SUHVWLJLR SDUD TXH HODERUH XQ EDQFR GH SUHJXQWDV \ FRQIHFFLRQHODSUXHEDHVFULWDFRQXQVLVWHPDLQIRUPiWLFR TXH SHUPLWD OD VHOHFFLyQ DOHDWRULD GH SUHJXQWDV TXH FRQIRUPDUiQ HO FRQWHQLGR GH ORV H[iPHQHV HVFULWRV /D ,QVWLWXFLyQ HGXFDWLYD SRGUi LQYLWDU D DERJDGRV H[SHUWRV SDUDODHODERUDFLyQGHOEDQFRGHSUHJXQWDV 6HHOHJLUiQGHPDQHUDDOHDWRULDDGRVSRVWXODQWHV GH /LPD SDUD TXH HQ DFWR GH SUHVHQFLD VH UHDOLFH OD VHOHFFLyQGHSUHJXQWDV /D LQVWLWXFLyQ GHVLJQDGD FRQWDUi FRQ WRGR HO HTXLSDPLHQWR WpFQLFR H LQIUDHVWUXFWXUD QHFHVDULD SDUD UHDOL]DUHOH[DPHQHVFULWRHQIRUPDGHVFHQWUDOL]DGD\HQ VLPXOWiQHR /DLQVWLWXFLyQGHVLJQDGDDOFDQ]DUiDO3UHVLGHQWH GHO-XUDGR&DOL¿FDGRU(VSHFLDOORVUHVXOWDGRVGHOH[DPHQHQ VREUHODFUDGRLPSUHVR\HQYHUVLyQGLJLWDOFRQVLJQiQGRVH HOUHVXOWDGRHQHODFWDUHVSHFWLYD\VXLQPHGLDWDSXEOLFDFLyQ HQHOHQODFHGLJLWDOGHOSRUWDOLQVWLWXFLRQDOGHO0LQLVWHULRGH -XVWLFLD \ 'HUHFKRV +XPDQRV$O GtD VLJXLHQWH \ SRU HO PLVPRPHGLRGHEHUiKDFHUVHGHS~EOLFRFRQRFLPLHQWRHO FURQRJUDPDSDUDHOH[DPHQRUDO 6LVHGHWHFWDLQIUDFFLyQDODUHVHUYDGHOH[DPHQ GXUDQWH VX HMHFXFLyQ R FRQ SRVWHULRULGDG VH DQXOD HO H[DPHQ (Q DPEDV VLWXDFLRQHV UHVXHOYH HO -XUDGR PHGLDQWH UHVROXFLyQ LQLPSXJQDEOH VLQ SHUMXLFLR GH ODV UHVSRQVDELOLGDGHV DGPLQLVWUDWLYDV FLYLOHV R SHQDOHV TXH SXHGDQVHUDWULEXLGDVDOLQIUDFWRU $UWtFXOR2EOLJDFLRQHVHQHOH[DPHQHVFULWR (OH[DPHQHVFULWRVHVXMHWDUiGHPDQHUDREOLJDWRULDD ODVVLJXLHQWHVQRUPDVGHFRQGXFWD D 3XQWXDOLGDG HO H[DPHQ VH OOHYDUi D FDER HQ OD IHFKD \ KRUD VHxDODGD HQ OD SXEOLFDFLyQ FRUUHVSRQGLHQWH FRQORVSRVWXODQWHVTXHVHHQFXHQWUHQHQHOOXJDU\KRUD VHxDODGR E(OSRVWXODQWHVHLGHQWL¿FDUiREOLJDWRULDPHQWHFRQVX 'RFXPHQWR1DFLRQDOGH,GHQWLGDG F'XUDQWHHOGHVDUUROORGHOH[DPHQQLQJ~QSRVWXODQWH SRGUiDEDQGRQDUHODPELHQWHGRQGHVHOOHYDDFDEREDMR DSHUFLELPLHQWRGHVHUGHVFDOL¿FDGR &$3Ë78/2,9 '(/(;$0(125$/ $UWtFXOR'HOGHVDUUROORGHOH[DPHQ (OH[DPHQRUDOVHHIHFWXDUiHQDFWRS~EOLFRGHDFXHUGR DO FURQRJUDPD HVWDEOHFLGR (O SRVWXODQWH GHVDUUROODUi HO WHPDDFDGpPLFRTXHOHVHDDVLJQDGRSRUVRUWHRHQWUHODV GLVFLSOLQDV MXUtGLFDV FRQWHQLGDV HQ HO %DORWDULR YLJHQWH D OD IHFKD GH FRQYRFDWRULD GHO FRQFXUVR 3DUD HIHFWRV GHO VRUWHRVHDVLJQDUiXQDQXPHUDFLyQFRUUHODWLYDDOUHIHULGR %DORWDULR $GLFLRQDOPHQWH HO H[DPHQ RUDO FRPSUHQGHUi SUHJXQWDVVREUHVXWUD\HFWRULDSHUVRQDOFXOWXUDJHQHUDO\ SULQFLSLRVpWLFRV