TEXTO PAGINA: 27
(O3HUXDQR Viernes 16 de enero de 2015 544825 $UWtFXOR(QFDVRDOJXQDLQIUDHVWUXFWXUDXWLOL]DGD SDUDHOGHVSHJXH\DWHUUL]DMHGHDHURQDYHVVHDLQVWDODGD FRQSRVWHULRULGDGDODHQWUDGDHQYLJHQFLDGHODSUHVHQWH DXWRUL]DFLyQ \ OD HVWDFLyQ UDGLRGLIXVRUD VH HQFXHQWUH GHQWUR GH ODV 6XSHU¿FLHV /LPLWDGRUDV GH 2EVWiFXORV R VX RSHUDFLyQ JHQHUH LQWHUIHUHQFLDV D ORV VLVWHPDV GH UDGLRQDYHJDFLyQ OD WLWXODU GHEHUi REWHQHU HO SHUPLVR UHVSHFWLYR GH OD 'LUHFFLyQ *HQHUDO GH$HURQiXWLFD &LYLO R UHXELFDU OD HVWDFLyQ DVt FRPR DGRSWDU ODV PHGLGDV FRUUHFWLYDVDHIHFWRVGHQRRFDVLRQDULQWHUIHUHQFLDV $VLPLVPR VL FRQ SRVWHULRULGDG DO RWRUJDPLHQWR GH OD SUHVHQWH DXWRUL]DFLyQ OD HVWDFLyQ UDGLRGLIXVRUD VH HQFRQWUDUD GHQWUR GH ODV RWUDV ]RQDV GH UHVWULFFLyQ HVWDEOHFLGDVHQHO$UWtFXORGHO5HJODPHQWRGHOD/H\GH 5DGLR\7HOHYLVLyQODWLWXODUGHEHUiREWHQHUORVSHUPLVRV FRUUHVSRQGLHQWHV\DGRSWDUODVPHGLGDVFRUUHFWLYDVTXH FRUUHVSRQGDQ $UWtFXOR/DDXWRUL]DFLyQTXHVHRWRUJDVHLQLFLD FRQ XQ SHUtRGR GH LQVWDODFLyQ \ SUXHED GH GRFH PHVHVSURUURJDEOHVSRUHOSOD]RGHVHLVPHVHVSUHYLD VROLFLWXGSUHVHQWDGDSRUODWLWXODUFRQIRUPHORHVWDEOHFLGR HQOD/H\GH5DGLR\7HOHYLVLyQ\VX5HJODPHQWR 'HQWURGHOSHUtRGRGHLQVWDODFLyQ\SUXHEDODWLWXODUGH ODDXWRUL]DFLyQGHEHUiFXPSOLUFRQODVREOLJDFLRQHVTXHD FRQWLQXDFLyQVHLQGLFDQ ,QVWDODU ORV HTXLSRV UHTXHULGRV SDUD OD SUHVWDFLyQ GHO VHUYLFLR FRQIRUPH D ODV FRQGLFLRQHV HVHQFLDOHV \ D ODV FDUDFWHUtVWLFDV WpFQLFDV DSUREDGDV HQ OD SUHVHQWH DXWRUL]DFLyQ 5HDOL]DUODVUHVSHFWLYDVSUXHEDVGHIXQFLRQDPLHQWR /D LQVSHFFLyQ WpFQLFD FRUUHVSRQGLHQWH VH HIHFWXDUi GH R¿FLR GHQWUR GH ORV RFKR PHVHV VLJXLHQWHV DO YHQFLPLHQWR GHO PHQFLRQDGR SHUtRGR GH LQVWDODFLyQ \ SUXHED YHUL¿FiQGRVH HQ HOOD OD FRUUHFWD LQVWDODFLyQ \ RSHUDFLyQGHODHVWDFLyQFRQHTXLSDPLHQWRTXHSHUPLWD XQD DGHFXDGD SUHVWDFLyQ GHO VHUYLFLR DXWRUL]DGR DVt FRPR HO FXPSOLPLHQWR GH ODV FRQGLFLRQHV HVHQFLDOHV \ FDUDFWHUtVWLFDVWpFQLFDVLQGLFDGDVHQHO$UWtFXORGHOD SUHVHQWH5HVROXFLyQ 6LQSHUMXLFLRGHORLQGLFDGRODWLWXODUSRGUiVROLFLWDUOD UHDOL]DFLyQGHODLQVSHFFLyQWpFQLFDDQWHVGHOYHQFLPLHQWR GHOSHUtRGRGHLQVWDODFLyQ\SUXHEDRWRUJDGR (QFDVRGHLQFXPSOLPLHQWRGHODVREOLJDFLRQHVDQWHV PHQFLRQDGDV OD DXWRUL]DFLyQ RWRUJDGD TXHGDUi VLQ HIHFWR 'H FXPSOLU OD WLWXODU FRQ ODV REOLJDFLRQHV SUHFHGHQWHPHQWHLQGLFDGDV\DPpULWRGHOLQIRUPHWpFQLFR IDYRUDEOH OD 'LUHFFLyQ *HQHUDO GH $XWRUL]DFLRQHV HQ 7HOHFRPXQLFDFLRQHV SURFHGHUi D H[SHGLU OD UHVSHFWLYD /LFHQFLDGH2SHUDFLyQ $UWtFXOR/DWLWXODUGHQWURGHORVGRFHPHVHV GH HQWUDGD HQ YLJHQFLD OD DXWRUL]DFLyQ RWRUJDGD HQ IRUPDLQGLYLGXDORFRQMXQWDDSUREDUiVX&yGLJRGHeWLFD \ SUHVHQWDUi FRSLD GHO PLVPR D OD 'LUHFFLyQ *HQHUDO GH $XWRUL]DFLRQHV HQ 7HOHFRPXQLFDFLRQHV R SRGUi DFRJHUVHDO&yGLJRGHeWLFDDSUREDGRSRUHO0LQLVWHULRGH 7UDQVSRUWHV\&RPXQLFDFLRQHV $UWtFXOR /D WLWXODU HVWi REOLJDGD D LQVWDODU \ RSHUDUHOVHUYLFLRGHUDGLRGLIXVLyQDXWRUL]DGRGHDFXHUGR D ODV FRQGLFLRQHV HVHQFLDOHV \ FDUDFWHUtVWLFDV WpFQLFDV LQGLFDGDVHQHO$UWtFXORGHODSUHVHQWH5HVROXFLyQODV FXDOHVVyORSRGUiQVHUPRGL¿FDGDVSUHYLDDXWRUL]DFLyQGH HVWH0LQLVWHULR (Q FDVR GH DXPHQWR GH SRWHQFLD pVWH SRGUi DXWRUL]DUVH KDVWD HO Pi[LPR HVWDEOHFLGR HQ HO 3ODQ GH &DQDOL]DFLyQ\$VLJQDFLyQGH)UHFXHQFLDVGHODEDQGD\ ORFDOLGDGFRUUHVSRQGLHQWH (QFDVRGHGLVPLQXFLyQGHSRWHQFLD\RPRGL¿FDFLyQ GHXELFDFLyQGHHVWXGLRVQRREVWDQWHQRUHTXHULUVHGH DSUREDFLyQ SUHYLD OD WLWXODU VH HQFXHQWUD REOLJDGD D FRPXQLFDUORDOD'LUHFFLyQ*HQHUDOGH$XWRUL]DFLRQHVHQ 7HOHFRPXQLFDFLRQHV $UWtFXOR&RQIRUPHDORHVWDEOHFLGRHQHO$UWtFXOR GHO'HFUHWR6XSUHPR107&PRGL¿FDGR SRU 'HFUHWR 6XSUHPR 1 07& OD WLWXODU DGRSWDUi ODV PHGLGDV QHFHVDULDV SDUD JDUDQWL]DU TXH ODVUDGLDFLRQHVTXHHPLWDODHVWDFLyQGHUDGLRGLIXVLyQ TXH VH DXWRUL]D QR H[FHGDQ ORV YDORUHV HVWDEOHFLGRV FRPR OtPLWHV Pi[LPRV SHUPLVLEOHV HQ HO DFRWDGR 'HFUHWR6XSUHPR $UWtFXOR 6HUiQ GHUHFKRV \ REOLJDFLRQHV GH OD WLWXODUGHODDXWRUL]DFLyQRWRUJDGDORVFRQVLJQDGRVHQORV $UWtFXORV\GHO5HJODPHQWRGHOD/H\GH5DGLR \ 7HOHYLVLyQ DVt FRPR ODV VHxDODGDV HQ OD SUHVHQWH 5HVROXFLyQ $UWLFXOR /D DXWRUL]DFLyQ D TXH VH FRQWUDH HO $UWtFXORGHODSUHVHQWH5HVROXFLyQSRGUiUHQRYDUVHSRU LJXDOSHUtRGRSUHYLDVROLFLWXGSUHVHQWDGDSRUODWLWXODUGH ODDXWRUL]DFLyQKDVWDHOGtDGHOYHQFLPLHQWRGHOSOD]RGH YLJHQFLD RWRUJDGR R VH KD\D YHUL¿FDGR DO PRPHQWR GH ODUHQRYDFLyQODFRQWLQXLGDGGHODRSHUDFLyQGHOVHUYLFLR DXWRUL]DGRFRQIRUPHDORGLVSXHVWRHQOD/H\GH5DGLR\ 7HOHYLVLyQ\VX5HJODPHQWR /D UHQRYDFLyQ VH VXMHWD DO FXPSOLPLHQWR GH ODV FRQGLFLRQHV SUHYLVWDV HQ ORV $UWtFXORV \ GHO 5HJODPHQWRGHOD/H\GH5DGLR\7HOHYLVLyQ $UWtFXOR 'HQWUR GH ORV VHVHQWD GtDV GH QRWL¿FDGD OD SUHVHQWH 5HVROXFLyQ OD WLWXODU GH OD DXWRUL]DFLyQ HIHFWXDUi HO SDJR FRUUHVSRQGLHQWH DO GHUHFKR GH DXWRUL]DFLyQ \ FDQRQ DQXDO (Q FDVR GH LQFXPSOLPLHQWR VH SURFHGHUi GH DFXHUGR D OR HVWDEOHFLGRHQHO$UWtFXORGHO5HJODPHQWRGHOD/H\ GH5DGLR\7HOHYLVLyQ $UWtFXOR /D WLWXODU GH OD DXWRUL]DFLyQ GHEHUi FXPSOLU FRQ ODV GLVSRVLFLRQHV SUHYLVWDV HQ ORV OLWHUDOHV D\EGHO$UWtFXORGHO0DUFR1RUPDWLYR*HQHUDOGHO 6LVWHPD GH &RPXQLFDFLRQHV GH (PHUJHQFLD DSUREDGR SRU'HFUHWR6XSUHPR107& $UWtFXOR /D DXWRUL]DFLyQ D OD TXH VH FRQWUDH OD SUHVHQWH 5HVROXFLyQ VH VXMHWD D ODV GLVSRVLFLRQHV OHJDOHV \ UHJODPHQWDULDV YLJHQWHV TXH UHJXODQ HO VHUYLFLR DXWRUL]DGR GHELHQGR DGHFXDUVH D ODV QRUPDV PRGL¿FDWRULDV\FRPSOHPHQWDULDVTXHVHH[SLGDQ $UWtFXOR5HPLWLUFRSLDGHODSUHVHQWHUHVROXFLyQ D OD 'LUHFFLyQ *HQHUDO GH &RQWURO \ 6XSHUYLVLyQ GH &RPXQLFDFLRQHVSDUDODVDFFLRQHVTXHFRUUHVSRQGDGH DFXHUGRDVXFRPSHWHQFLD 5HJtVWUHVHFRPXQtTXHVH\SXEOtTXHVH +(155<=$,5$52-$6 9LFHPLQLVWURGH&RPXQLFDFLRQHVH 5(62/8&,Ï19,&(0,1,67(5,$/ 107& /LPDGHHQHURGHO 9,672 HO ([SHGLHQWH 1 SUHVHQWDGR SRUODVHxRUD*/25,$58%,1$&8$'526&$%$//(52 VREUHRWRUJDPLHQWRGHDXWRUL]DFLyQSDUDSUHVWDUHOVHUYLFLR GHUDGLRGLIXVLyQVRQRUDFRPHUFLDOHQ)UHFXHQFLD0RGXODGD )0HQODORFDOLGDGGH0DFKXSLFFKXGHSDUWDPHQWRGH &XVFR &216,'(5$1'2 4XHHODUWtFXORGHOD/H\GH5DGLR\7HOHYLVLyQ± /H\1HVWDEOHFHTXHSDUDODSUHVWDFLyQGHOVHUYLFLR GH UDGLRGLIXVLyQ HQ FXDOTXLHUD GH VXV PRGDOLGDGHV VH UHTXLHUH FRQWDU FRQ DXWRUL]DFLyQ OD FXDO VH RWRUJD SRU 5HVROXFLyQGHO9LFHPLQLVWURGH&RPXQLFDFLRQHVVHJ~QOR SUHYLVWRHQHODUWtFXORGHO5HJODPHQWRGHOD/H\GH 5DGLR\7HOHYLVLyQDSUREDGRPHGLDQWH'HFUHWR6XSUHPR 107& 4XHDVLPLVPRHODUWtFXORGHOD/H\GH5DGLR\ 7HOHYLVLyQ LQGLFD TXH OD DXWRUL]DFLyQ HV OD IDFXOWDG TXH RWRUJD HO (VWDGR D SHUVRQDV QDWXUDOHV R MXUtGLFDV SDUD HVWDEOHFHU XQ VHUYLFLR GH UDGLRGLIXVLyQ $GHPiV HO FLWDGR DUWtFXOR VHxDOD TXH OD LQVWDODFLyQ GH HTXLSRV HQ XQD HVWDFLyQ GH UDGLRGLIXVLyQ UHTXLHUH GH XQ 3HUPLVR HOPLVPRTXHHVGH¿QLGRFRPRODIDFXOWDGTXHRWRUJDHO (VWDGRDSHUVRQDVQDWXUDOHVRMXUtGLFDVSDUDLQVWDODUHQ XQOXJDUGHWHUPLQDGRHTXLSRVGHUDGLRGLIXVLyQ 4XHHODUWtFXORGHOD/H\GH5DGLR\7HOHYLVLyQ HVWDEOHFH TXH RWRUJDGD OD DXWRUL]DFLyQ SDUD SUHVWDU HO VHUYLFLRGHUDGLRGLIXVLyQVHLQLFLDXQSHUtRGRGHLQVWDODFLyQ \SUXHEDTXHWLHQHXQDGXUDFLyQGHGRFHPHVHV 4XHHODUWtFXORGHO5HJODPHQWRGHOD/H\GH5DGLR \ 7HOHYLVLyQ LQGLFD TXH SDUD REWHQHU DXWRUL]DFLyQ SDUD SUHVWDUHOVHUYLFLRGHUDGLRGLIXVLyQVHUHTXLHUHSUHVHQWDU XQD VROLFLWXG OD PLVPD TXH VH GHEH DFRPSDxDU FRQ OD LQIRUPDFLyQ \ GRFXPHQWDFLyQ TXH HQ GLFKR DUWtFXOR VH GHWDOODQ 4XH FRQ 5HVROXFLyQ 9LFHPLQLVWHULDO 1 07&\VXVPRGL¿FDWRULDVVHDSUREDURQORV3ODQHVGH