TEXTO PAGINA: 19
(O3HUXDQR Viernes 16 de enero de 2015 544817 PHGLDQWH'HFUHWR6XSUHPR107&HVWDEOHFH HQ VX 3ULPHUD 'LVSRVLFLyQ &RPSOHPHQWDULD )LQDO 2WRUJDPLHQWRGHDXWRUL]DFLRQHVGHWHOHYLVLyQDQDOyJLFD TXHHO0LQLVWHULRQRRWRUJDUiQXHYDVDXWRUL]DFLRQHVSDUD OD SUHVWDFLyQ GHO VHUYLFLR GH UDGLRGLIXVLyQ SRU WHOHYLVLyQ EDVDGRHQODWHFQRORJtDDQDOyJLFDDSDUWLUGHODHQWUDGD HQYLJHQFLDGHODFLWDGDQRUPDVDOYRORVVXSXHVWRVGH H[FHSFLyQSUHYLVWRVHQHO5HJODPHQWRGHOD/H\GH5DGLR \7HOHYLVLyQ 4XHHODUWtFXORGHO5HJODPHQWRGHOD/H\GH5DGLR \ 7HOHYLVLyQ HVWDEOHFH TXH H[FHSFLRQDOPHQWH VLHPSUH TXHQRKXELHUDUHVWULFFLRQHVGHHVSHFWURUDGLRHOpFWULFRVH SRGUiRWRUJDUDSHGLGRGHSDUWHQXHYDVDXWRUL]DFLRQHV SDUD OD SUHVWDFLyQ GHO VHUYLFLR GH UDGLRGLIXVLyQ SRU WHOHYLVLyQFRQWHFQRORJtDDQDOyJLFDFXDQGRHVWDGHFLVLyQ SURPXHYD HO GHVDUUROOR GHO VHUYLFLR HQ iUHDV UXUDOHV GH SUHIHUHQWH LQWHUpV VRFLDO R HQ ]RQDV GH IURQWHUD GH DFXHUGRDODVFRQGLFLRQHVSOD]RV\HQODVORFDOLGDGHVTXH HVWDEOH]FDHO0LQLVWHULR 4XH PHGLDQWH 5HVROXFLyQ 0LQLVWHULDO 1 07& SXEOLFDGD HQ HO GLDULR R¿FLDO ³(O 3HUXDQR´ HO GHGLFLHPEUHGHVHDSUREyORVFULWHULRVSDUDOD GHWHUPLQDFLyQGHÈUHDV5XUDOHV\/XJDUHVGH3UHIHUHQWH ,QWHUpV6RFLDO 4XH OD 'LUHFFLyQ *HQHUDO GH $XWRUL]DFLRQHV HQ 7HOHFRPXQLFDFLRQHV PHGLDQWH ,QIRUPH 1 07& SURSRQH OD LQFRUSRUDFLyQ GH OD ORFDOLGDG GH <$0%5$6%$0%$ D ORV SODQHV GH FDQDOL]DFLyQ \ DVLJQDFLyQGHOVHUYLFLRGHUDGLRGLIXVLyQSRUWHOHYLVLyQ9+) GHOGHSDUWDPHQWRGH$PD]RQDV 4XH DVLPLVPR OD FLWDGD 'LUHFFLyQ *HQHUDO VHxDOD TXH HQ OD HODERUDFLyQ GH VX SURSXHVWD KD REVHUYDGR OR GLVSXHVWR HQ ODV 1RUPDV 7pFQLFDV GHO 6HUYLFLR GH 5DGLRGLIXVLyQ DSUREDGDV SRU 5HVROXFLyQ 0LQLVWHULDO 1 07& VXV PRGL¿FDWRULDV DVt FRPR OR HVWDEOHFLGR SRU HO 5HJODPHQWR GH OD /H\ GH 5DGLR \ 7HOHYLVLyQ 'HFRQIRUPLGDGFRQOD/H\GH5DGLR\7HOHYLVLyQ /H\1VX5HJODPHQWRDSUREDGRSRU'HFUHWR 6XSUHPR107&ODV1RUPDV7pFQLFDVGHO 6HUYLFLRGH5DGLRGLIXVLyQDSUREDGDVSRU5HVROXFLyQ 0LQLVWHULDO107&\VXVPRGLILFDWRULDV HO 3ODQ 0DHVWUR SDUD OD ,PSOHPHQWDFLyQ GH OD 7HOHYLVLyQ 'LJLWDO 7HUUHVWUH HQ HO 3HU~ DSUREDGR PHGLDQWH 'HFUHWR 6XSUHPR 1 07& ORV FULWHULRV SDUD OD GHWHUPLQDFLyQ GH ÈUHDV 5XUDOHV \ /XJDUHV GH 3UHIHUHQWH ,QWHUpV 6RFLDO DSUREDGRV PHGLDQWH5HVROXFLyQ0LQLVWHULDO107& HO 5HJODPHQWR GH 2UJDQL]DFLyQ \ )XQFLRQHV GHO 0LQLVWHULRGH7UDQVSRUWHV\&RPXQLFDFLRQHVDSUREDGR SRU'HFUHWR6XSUHPR107&\ &RQODRSLQLyQIDYRUDEOHGHOD'LUHFFLyQ*HQHUDOGH $XWRUL]DFLRQHVHQ7HOHFRPXQLFDFLRQHV 6(5(68(/9( $UWtFXOR0RGL¿FDUHODUWtFXORGHOD5HVROXFLyQ 9LFHPLQLVWHULDO 1 07& TXH DSUXHED ORV 3ODQHVGH&DQDOL]DFLyQ\$VLJQDFLyQGH)UHFXHQFLDVGHO 6HUYLFLR GH 5DGLRGLIXVLyQ SRU 7HOHYLVLyQ HQ 9+) SDUD GLVWLQWDVORFDOLGDGHVGHOGHSDUWDPHQWRGH$PD]RQDVD¿Q GHLQFRUSRUDUHOSODQGHODORFDOLGDGGH<$0%5$6%$0%$ FRQIRUPHVHLQGLFDDFRQWLQXDFLyQ /RFDOLGDG<$0%5$6%$0%$ 3ODQGH$VLJQDFLyQGH)UHFXHQFLDV 3ODQGH&DQDOL]DFLyQ 3ODQGH$VLJQDFLyQ &DQDOHV )UHF9LGHR0+] )UHF$XGLR0+] 7RWDOGHFDQDOHV /D Pi[LPD HUS D VHU DXWRUL]DGD HQ HVWD ORFDOLGDG VHUi.: $UWtFXOR/D'LUHFFLyQ*HQHUDOGH$XWRUL]DFLRQHV HQ 7HOHFRPXQLFDFLRQHV HV OD GHSHQGHQFLD UHVSRQVDEOH GHODREVHUYDQFLDGHODVFRQGLFLRQHVWpFQLFDVSUHYLVWDV HQORV3ODQHVGH$VLJQDFLyQGH)UHFXHQFLDVDSUREDGRV (Q WDO VHQWLGR HQ OD HYDOXDFLyQ GH ODV VROLFLWXGHV GH DXWRUL]DFLyQ\GHPRGL¿FDFLyQGHFDUDFWHUtVWLFDVWpFQLFDV REVHUYDUiVXHVWULFWRFXPSOLPLHQWR 5HJtVWUHVHFRPXQtTXHVH\SXEOtTXHVH +(155<=$,5$52-$6 9LFHPLQLVWURGH&RPXQLFDFLRQHVH 5(62/8&,Ï19,&(0,1,67(5,$/ 107& /LPDGHHQHURGHO &216,'(5$1'2 4XHHODUWtFXORGHOD/H\GH5DGLR\7HOHYLVLyQ /H\ 1 FRQFRUGDGR FRQ HO DUWtFXOR GH VX 5HJODPHQWR DSUREDGR SRU 'HFUHWR 6XSUHPR 1 07&HVWDEOHFHTXHHVFRPSHWHQFLDGHO0LQLVWHULR GH 7UDQVSRUWHV \ &RPXQLFDFLRQHV OD DGPLQLVWUDFLyQ DWULEXFLyQ DVLJQDFLyQ FRQWURO \ HQ JHQHUDO FXDQWR FRQFLHUQHDODJHVWLyQGHOHVSHFWURUDGLRHOpFWULFRDWULEXLGR DOVHUYLFLRGHUDGLRGLIXVLyQ 4XHHODUWtFXORGHOSUHFLWDGR5HJODPHQWRGLVSRQH TXH WRGD DVLJQDFLyQ GH IUHFXHQFLDV SDUD HO VHUYLFLR GH UDGLRGLIXVLyQ VH UHDOL]D HQ EDVH DO 3ODQ 1DFLRQDO GH $VLJQDFLyQ GH )UHFXHQFLDV HO FXDO FRPSUHQGH ORV 3ODQHVGH&DQDOL]DFLyQ\GH$VLJQDFLyQGH)UHFXHQFLDV FRUUHVSRQGLHQWHVDFDGDORFDOLGDG\EDQGDGHIUHFXHQFLDV DWULEXLGDV DO VHUYLFLR GH UDGLRGLIXVLyQ \ GHWHUPLQD ODV IUHFXHQFLDV WpFQLFDPHQWH GLVSRQLEOHV DVLPLVPR HVWDEOHFHTXHORV3ODQHVGH$VLJQDFLyQGH)UHFXHQFLDV VRQDSUREDGRVSRU5HVROXFLyQ9LFHPLQLVWHULDO 4XH PHGLDQWH 5HVROXFLyQ 9LFHPLQLVWHULDO 1 07&\PRGL¿FDWRULDVVHDSUREDURQORV3ODQHV GH&DQDOL]DFLyQ\$VLJQDFLyQGH)UHFXHQFLDVGHO6HUYLFLR GH 5DGLRGLIXVLyQ SRU 7HOHYLVLyQ HQ 9+) SDUD GLVWLQWDV ORFDOLGDGHVGHOGHSDUWDPHQWRGH7DFQD 4XH HO 3ODQ 0DHVWUR SDUD OD ,PSOHPHQWDFLyQ GH OD 7HOHYLVLyQ 'LJLWDO 7HUUHVWUH HQ HO 3HU~ DSUREDGR PHGLDQWH'HFUHWR6XSUHPR107&HVWDEOHFH HQ VX 3ULPHUD 'LVSRVLFLyQ &RPSOHPHQWDULD )LQDO 2WRUJDPLHQWRGHDXWRUL]DFLRQHVGHWHOHYLVLyQDQDOyJLFD TXHHO0LQLVWHULRQRRWRUJDUiQXHYDVDXWRUL]DFLRQHVSDUD OD SUHVWDFLyQ GHO VHUYLFLR GH UDGLRGLIXVLyQ SRU WHOHYLVLyQ EDVDGRHQODWHFQRORJtDDQDOyJLFDDSDUWLUGHODHQWUDGD HQYLJHQFLDGHODFLWDGDQRUPDVDOYRORVVXSXHVWRVGH H[FHSFLyQSUHYLVWRVHQHO5HJODPHQWRGHOD/H\GH5DGLR \7HOHYLVLyQ 4XHHODUWtFXORGHO5HJODPHQWRGHOD/H\GH5DGLR \ 7HOHYLVLyQ HVWDEOHFH TXH H[FHSFLRQDOPHQWH VLHPSUH TXHQRKXELHUDUHVWULFFLRQHVGHHVSHFWURUDGLRHOpFWULFRVH SRGUiRWRUJDUDSHGLGRGHSDUWHQXHYDVDXWRUL]DFLRQHV SDUD OD SUHVWDFLyQ GHO VHUYLFLR GH UDGLRGLIXVLyQ SRU WHOHYLVLyQFRQWHFQRORJtDDQDOyJLFDFXDQGRHVWDGHFLVLyQ SURPXHYD HO GHVDUUROOR GHO VHUYLFLR HQ iUHDV UXUDOHV GH SUHIHUHQWH LQWHUpV VRFLDO R HQ ]RQDV GH IURQWHUD GH DFXHUGRDODVFRQGLFLRQHVSOD]RV\HQODVORFDOLGDGHVTXH HVWDEOH]FDHO0LQLVWHULR 4XH PHGLDQWH 5HVROXFLyQ 0LQLVWHULDO 1 07& SXEOLFDGD HQ HO GLDULR R¿FLDO ³(O 3HUXDQR´ HO GHGLFLHPEUHGHVHDSUREyORVFULWHULRVSDUDOD GHWHUPLQDFLyQGHÈUHDV5XUDOHV\/XJDUHVGH3UHIHUHQWH ,QWHUpV6RFLDO 4XH OD 'LUHFFLyQ *HQHUDO GH $XWRUL]DFLRQHV HQ 7HOHFRPXQLFDFLRQHV PHGLDQWH ,QIRUPH 1 07&SURSRQHODLQFRUSRUDFLyQGHODORFDOLGDGGH,7( DORVSODQHVGHFDQDOL]DFLyQ\DVLJQDFLyQGHOVHUYLFLRGH UDGLRGLIXVLyQ SRU WHOHYLVLyQ 9+) GHO GHSDUWDPHQWR GH 7DFQD 4XH DVLPLVPR OD FLWDGD 'LUHFFLyQ *HQHUDO VHxDOD TXH HQ OD HODERUDFLyQ GH VX SURSXHVWD KD REVHUYDGR OR GLVSXHVWR HQ ODV 1RUPDV 7pFQLFDV GHO 6HUYLFLR GH 5DGLRGLIXVLyQ DSUREDGDV SRU 5HVROXFLyQ 0LQLVWHULDO 1 07& VXV PRGL¿FDWRULDV DVt FRPR OR HVWDEOHFLGR SRU HO 5HJODPHQWR GH OD /H\ GH 5DGLR \ 7HOHYLVLyQ 'HFRQIRUPLGDGFRQOD/H\GH5DGLR\7HOHYLVLyQ /H\1VX5HJODPHQWRDSUREDGRSRU'HFUHWR 6XSUHPR107&ODV1RUPDV7pFQLFDVGHO 6HUYLFLRGH5DGLRGLIXVLyQDSUREDGDVSRU5HVROXFLyQ 0LQLVWHULDO107&\VXVPRGLILFDWRULDV HO 3ODQ 0DHVWUR SDUD OD ,PSOHPHQWDFLyQ GH OD