TEXTO PAGINA: 7
(O3HUXDQR Viernes 16 de enero de 2015 544805 OD 2¿FLQD *HQHUDO GH 3ODQHDPLHQWR \ 3UHVXSXHVWR TXH H[SUHVD RSLQLyQ IDYRUDEOH SDUD OD VLPSOL¿FDFLyQ GH SURFHGLPLHQWRV DGPLQLVWUDWLYRV GH OD 'LUHFFLyQ *HQHUDO GH0LQHUtDGHO0LQLVWHULRGH(QHUJtD\0LQDV &216,'(5$1'2 4XH ORV WUiPLWHV HVWDEOHFLGRV SRU OD DXWRULGDG DGPLQLVWUDWLYD GHEHQ SURFXUDU VHU VHQFLOORV UDFLRQDOHV \ SURSRUFLRQDOHV D ORV ¿QHV TXH VH SHUVLJXH FXPSOLU GHELHQGR HOLPLQDUVH WRGD FRPSOHMLGDG LQQHFHVDULD HQ YLUWXG GHO SULQFLSLR GH VLPSOLFLGDG GHO SURFHGLPLHQWR DGPLQLVWUDWLYRSUHYLVWRHQHOQXPHUDOGHODUWtFXOR,9 GHO7tWXOR3UHOLPLQDUGHOQXPHUDOGHODUWtFXOR\ GHOQXPHUDOGHODUWtFXORGHOD/H\1/H\ GHO3URFHGLPLHQWR$GPLQLVWUDWLYR*HQHUDO\GHOQXPHUDO GHODUWtFXOROOGHO7tWXOR3UHOLPLQDUGHOD/H\1 /H\2UJiQLFDGHO3RGHU(MHFXWLYR 4XHGHDFXHUGRDOQXPHUDOGHODUWtFXORGH OD/H\1/H\GHO3URFHGLPLHQWR$GPLQLVWUDWLYR *HQHUDOODVGLVSRVLFLRQHVFRQFHUQLHQWHVDODHOLPLQDFLyQ \VLPSOL¿FDFLyQGHORVSURFHGLPLHQWRVSRGUiQDSUREDUVH SRU UHVROXFLyQ PLQLVWHULDO DVLPLVPR HQ FRQFRUGDQFLD FRQ HO QXPHUDO GHO DUWtFXOR GH GLFKD OH\ WRGD PRGL¿FDFLyQ GHO 7H[WR ÒQLFR GH 3URFHGLPLHQWRV $GPLQLVWUDWLYRV783$GHORVPLQLVWHULRVTXHQRLPSOLTXH ODFUHDFLyQGHQXHYRVSURFHGLPLHQWRVVHSRGUiUHDOL]DU SRUUHVROXFLyQPLQLVWHULDOGHOVHFWRU 4XH PHGLDQWH 'HFUHWR 6XSUHPR 1 0,1$*5,VHPRGL¿FyHODUWtFXORGHO'HFUHWR6XSUHPR 1$*5HJODPHQWRGHOD/H\1/H\GH 5HFXUVRV+tGULFRVGLVSRQLpQGRVHTXHORVSURFHGLPLHQWRV SDUDHORWRUJDPLHQWRGHODOLFHQFLDGHXVRGHDJXDVRQD $XWRUL]DFLyQ GH HMHFXFLyQ GH HVWXGLRV GH GLVSRQLELOLGDG KtGULFD E $FUHGLWDFLyQ GH GLVSRQLELOLGDG KtGULFD F $XWRUL]DFLyQGHHMHFXFLyQGHREUDVGHDSURYHFKDPLHQWR KtGULFR 4XHDVLPLVPRHOQXPHUDOGHODUWtFXORGHOD QRUPDPHQFLRQDGDHQHOFRQVLGHUDQGRDQWHULRUUHJXODHO RWRUJDPLHQWRGHODOLFHQFLDGHXVRGHDJXDTXHUHTXLHUH DOVROLFLWDQWHVLQH[LJLUOHPD\RUWUiPLWHTXHODYHUL¿FDFLyQ WpFQLFDHQFDPSRGHTXHODVREUDVGHDSURYHFKDPLHQWR KtGULFRKD\DQVLGRHMHFXWDGDVFRQIRUPHDODDXWRUL]DFLyQ RWRUJDGD 4XH HQ YLUWXG GH GLFKDV PRGLILFDFLRQHV UHVXOWD QHFHVDULR FRPSDWLELOL]DU HO SURFHGLPLHQWR GH RWRUJDPLHQWRGHFRQFHVLyQGHEHQHILFLRGHOD'LUHFFLyQ *HQHUDOGH0LQHUtDQRVLHQGRQHFHVDULDODDSUREDFLyQ GH HVWXGLRV GH DSURYHFKDPLHQWR KtGULFR SRU FXDQWR GLFKRSURFHGLPLHQWR\DQRH[LVWHQLHOLQIRUPHWpFQLFR IDYRUDEOHUHVSHFWRGHODFRQVWUXFFLyQGHODVREUDVGHO SUR\HFWRPLQHURPHWDO~UJLFRSRUFXDQWRpVWH\DQRHV UHTXLVLWRSDUDHORWRUJDPLHQWRGHODOLFHQFLDGHXVRGH DJXDV FRQIRUPH OR GLVSRQtD HO 'HFUHWR 6XSUHPR 1 (0 4XHHQHOPDUFRGHODVSROtWLFDVGHPRGHUQL]DFLyQ \ IDFLOLWDFLyQ GH OD DWHQFLyQ DO FLXGDGDQR HVWDEOHFLGDV SRU OD 3UHVLGHQFLD GH OD 5HS~EOLFD VH KD YLVWR SRU FRQYHQLHQWHVLPSOL¿FDUHO7H[WRÒQLFRGH3URFHGLPLHQWRV $GPLQLVWUDWLYRVGHO0LQLVWHULRGH(QHUJtD\0LQDV783$ DSUREDGRPHGLDQWH'HFUHWR6XSUHPR1(0 &RQ HO YLVWR EXHQR GHO 9LFHPLQLVWUR GH 0LQDV GHO 6HFUHWDULR*HQHUDOGHOD'LUHFFLyQ*HQHUDOGH0LQHUtD\ GHODV2¿FLQDV*HQHUDOHVGH3ODQHDPLHQWR\3UHVXSXHVWR \GH$VHVRUtD-XUtGLFD 'H FRQIRUPLGDG FRQ OD /H\ 1 /H\ GHO 3URFHGLPLHQWR $GPLQLVWUDWLYR *HQHUDO HO 'HFUHWR 6XSUHPR 1 (0 TXH DSUXHED GLVSRVLFLRQHV SDUD SURFHGLPLHQWRV PLQHURV TXH LPSXOVHQ SUR\HFWRV GH LQYHUVLyQ \ ODV QRUPDV FLWDGDV SUHFHGHQWHPHQWH \ HQ XVR GH ODV DWULEXFLRQHV HVWDEOHFLGDV HQ HO 'HFUHWR /H\1/H\2UJiQLFDGHO6HFWRU(QHUJtD\0LQDV \HO'HFUHWR6XSUHPR1(0TXHDSUXHEDHO 5HJODPHQWRGH2UJDQL]DFLyQ\)XQFLRQHVGHO0LQLVWHULR GH(QHUJtD\0LQDV 6(5(68(/9( $UWtFXOR6LPSOL¿FDFLyQGHO783$GHOD'LUHFFLyQ *HQHUDOGH0LQHUtD 6LPSOLItTXHVH \ DFWXDOtFHVH HO783$ GH OD 'LUHFFLyQ *HQHUDO GH 0LQHUtD GHO 0LQLVWHULR GH (QHUJtD \ 0LQDV HQ HO SURFHGLPLHQWR DGPLQLVWUDWLYR &0 2WRUJDPLHQWR 0RGL¿FDFLyQ \ 2SRVLFLyQ GH &RQFHVLyQ GH %HQH¿FLR VHJ~QHO$QH[RDGMXQWR $UWtFXOR3XEOLFDFLyQ 3XEOtTXHVH OD SUHVHQWH UHVROXFLyQ PLQLVWHULDO HQ HO 'LDULR 2¿FLDO (O 3HUXDQR \ HO GRFXPHQWR $QH[R D TXH VH UH¿HUH OD SUHVHQWH UHVROXFLyQ HQ HO 3RUWDO GH 6HUYLFLRV DO &LXGDGDQR \ (PSUHVDV ± 36&( ZZZ VHUYLFLRVDOFLXGDGDQRJRESH DVt FRPR HQ HO 3RUWDO ,QVWLWXFLRQDO GHO 0LQLVWHULR GH (QHUJtD \ 0LQDV ZZZ PLQHPJRESH 5HJtVWUHVHFRPXQtTXHVH\SXEOtTXHVH (/(2'2520$<25*$$/%$ 0LQLVWURGH(QHUJtD\0LQDV 2WRUJDQ FRQFHVLyQ HOpFWULFD UXUDO D IDYRUGH(/(&752&(17526$SDUD GHVDUUROODUDFWLYLGDGGHWUDQVPLVLyQGH HQHUJtDHOpFWULFDXELFDGRHQHOGLVWULWR GH 0RQREDPED SURYLQFLD GH -DXMD GHSDUWDPHQWRGH-XQtQ 5(62/8&,Ï1',5(&725$/ 10(0'*( /LPDGHGLFLHPEUHGH 9,672(O([SHGLHQWHFRQFyGLJR1VREUH ODVROLFLWXGGHFRQFHVLyQHOpFWULFDUXUDOSDUDGHVDUUROODUOD DFWLYLGDGGHWUDQVPLVLyQGHHQHUJtDHOpFWULFDSUHVHQWDGD SRUOD(PSUHVD5HJLRQDOGH6HUYLFLR3~EOLFRGH(OHFWULFLGDG GHO&HQWUR(/(&752&(17526$LQVFULWDHQOD3DUWLGD 1 GHO 5HJLVWUR GH 3HUVRQDV -XUtGLFDV GH OD 2¿FLQD5HJLVWUDOGH+XDQFD\R &216,'(5$1'2 4XHPHGLDQWHHO2¿FLR1*5LQJUHVDGR FRQ UHJLVWUR 1 HO GH RFWXEUH GH FRPSOHPHQWDGR FRQ HO 2¿FLR 1 *5 LQJUHVDGRFRQUHJLVWUR1HOGHRFWXEUHGH (/(&752&(1752 6$ VROLFLWy OD FRQFHVLyQ HOpFWULFDUXUDOSDUDGHVDUUROODUODDFWLYLGDGGHWUDQVPLVLyQ GHHQHUJtDHOpFWULFDPHGLDQWHHOSUR\HFWR³,QWHUFRQH[LyQ (OpFWULFD/tQHDN9FRQOD/tQHDHQN9&RPXQLGDG 8FKXEDPED´ XELFDGR HQ HO GLVWULWR GH 0RQREDPED SURYLQFLDGH-DXMDGHSDUWDPHQWRGH-XQtQ 4XH(/(&752&(17526$SUHVHQWyOD&DOL¿FDFLyQ FRPR 6LVWHPD (OpFWULFR 5XUDO DSUREDGD PHGLDQWH 5HVROXFLyQ 'LUHFWRUDO 1 (0'*( GH IHFKD GH VHWLHPEUH GH GH DFXHUGR D ORV UHTXLVLWRV VHxDODGRV HQ HO DUWtFXOR GHO 5HJODPHQWR GH OD /H\ *HQHUDO GH (OHFWUL¿FDFLyQ 5XUDO DSUREDGR PHGLDQWH 'HFUHWR 6XSUHPR 1 (0 DVLPLVPR DGMXQWy OD 5HVROXFLyQ 'LUHFWRUDO 1 *5-81Ë1'5(0 GHIHFKDGHVHWLHPEUHGHOPHGLDQWHODFXDOOD 'LUHFFLyQ 5HJLRQDO GH (QHUJtD \ 0LQDV GHO *RELHUQR 5HJLRQDO GH -XQtQ DSUREy OD 'HFODUDFLyQ GH ,PSDFWR $PELHQWDOGHOSUR\HFWR 4XHODVROLFLWXGHVWiDPSDUDGDHQODVGLVSRVLFLRQHV FRQWHQLGDVHQHODUWtFXORGHOD/H\/H\*HQHUDO GH(OHFWUL¿FDFLyQ5XUDOFRQFRUGDGRFRQORVDUWtFXORV \GHVX5HJODPHQWRKDELHQGRFXPSOLGRFRQORV UHTXLVLWRVOHJDOHVGHSUHVHQWDFLyQ 4XH OD 'LUHFFLyQ *HQHUDO GH (OHFWULFLGDG OXHJR GH KDEHUYHUL¿FDGR\HYDOXDGRTXHHOSHWLFLRQDULRKDFXPSOLGR FRQORVUHTXLVLWRVHVWDEOHFLGRVHQHO5HJODPHQWRGHOD/H\ *HQHUDOGH(OHFWUL¿FDFLyQ5XUDOKDHPLWLGRHO,QIRUPH1 '*('&( (VWDQGRDORGLVSXHVWRHQHODUWtFXORGHO5HJODPHQWR GHOD/H\*HQHUDOGH(OHFWUL¿FDFLyQ5XUDO 6(5(68(/9( $UWtFXOR 2WRUJDU D IDYRU GH OD (PSUHVD 5HJLRQDO GH 6HUYLFLR 3~EOLFR GH (OHFWULFLGDG GHO &HQWUR (/(&752&(17526$FRQFHVLyQHOpFWULFDUXUDOSDUD GHVDUUROODUODDFWLYLGDGGHWUDQVPLVLyQGHHQHUJtDHOpFWULFD PHGLDQWHHOSUR\HFWR³,QWHUFRQH[LyQ(OpFWULFD/tQHD N9 FRQ OD /tQHD HQ N9 &RPXQLGDG 8FKXEDPED´ XELFDGRHQHOGLVWULWRGH0RQREDPEDSURYLQFLDGH-DXMD