Loading ...
Loading ...
Loading ...
3DUDHQFHQGHUHODQLOORGHH[WHQVLyQGREOHOD]RQDSULQFLSDODVRFLDGD
GHEH HVWDU HQFHQGLGD \ HO QLYHO GH SRWHQFLD LQGLFDGR GHEH VHU
VXSHULRUD
=RQDGREOHHQFHQGLGD
(ODQLOORGHH[WHQVLyQVHHQFLHQGHFRQEUHYHSXOVDFLyQGHODWHFODGH
H[WHQVLyQ(O/('GHODWHFODGHH[WHQVLyQVHHQFLHQGHFXDQGRHO
DQLOORGHH[WHQVLyQHVWiHQFHQGLGR
(ODQLOORGHH[WHQVLyQVHDSDJDFRQODSXOVDFLyQEUHYHGHODWHFODGH
H[WHQVLyQ
6HJHQHUDXQEUHYHSLWLGRFRQFDGDSXOVDFLyQGHODWHFODGHH[WHQVLyQ
=RQDWULSOHHQFHQGLGD
(ODQLOORGHH[WHQVLyQVHHQFLHQGHFRQEUHYHSXOVDFLyQGHODWHFODGH
H[WHQVLyQ(O/('GHODWHFODGHH[WHQVLyQVHHQFLHQGHFXDQGRHO
DQLOORGHH[WHQVLyQHVWiHQFHQGLGR/('L]TXLHUGRHQFDVRGH]RQD
WULSOHFHQWUDO\VROR/('HQFDVRGH]RQDGREOH
(ODQLOORGHH[WHQVLyQVHHQFLHQGHFRQODSXOVDFLyQEUHYHGHOD
WHFODGHH[WHQVLyQ/RV/('GHODWHFODGHH[WHQVLyQVHHQFLHQGHQ
FXDQGRORVDQLOORVGHH[WHQVLyQ\HVWiQHQFHQGLGRV
/RVDQLOORVGHH[WHQVLyQ\VHDSDJDQFRQODSXOVDFLyQEUHYHGH
ODWHFODGHH[WHQVLyQ
6HJHQHUDXQEUHYHSLWLGRFRQFDGDSXOVDFLyQGHODWHFODGHH[WHQVLyQ
=RQDVGREOHVWULSOHV
)XQFLyQGHSXHQWH
(O SXHQWH VRORSXHGH DFWLYDUVH FXDQGR DPEDV ]RQDV GHFRFFLyQ
HVWiQDSDJDGDV6HKDVHOHFFLRQDGRXQD]RQDGHFRFFLyQGHOSXHQWH
SXOVHODWHFODFRUUHVSRQGLHQWHSDUDDFWLYDUODIXQFLyQGHSXHQWH
6XHQDXQSLWLGR\HO/(' GHOD ]RQDVH HQFLHQGHVL OD]RQD HVWi
DFWLYDGD
$PEDV ]RQDV GH FRFFLyQ GHO SXHQWH VH VHOHFFLRQDUiQ DO PLVPR
WLHPSR
8QDYH]TXHVHVHOHFFLRQHQODV]RQDVGHFRFFLyQHOQLYHOGHSRWHQFLD
SRGUiVHOHFFLRQDUVHFRQODVWHFODVVLQRHVHOGHVHDGR
(Q ORV YLVXDOL]DGRUHV GH DPEDV ]RQDV GH FRFFLyQ GHO SXHQWH
DSDUHFHUiHOPLVPRQLYHOGHSRWHQFLD/DIXQFLyQILQDOL]DUi
 6LVHSXOVDODWHFODGHSXHQWHHQHOPRGRGHDMXVWH
 6LHOXVXDULRVHOHFFLRQDHOQLYHOGHSRWHQFLD³´
6HJXULGDGSRUGHVERUGDPLHQWR
$OJRREMHWRROtTXLGRKDPDQWHQLGRSXOVDGDXQDWHFODGXUDQWHPiV
GHVHJXQGRV0LHQWUDVVHPDQWHQJDSXOVDGDODWHFODVRQDUiQ
SLWLGRVFRUWRV\SLWLGRODUJRFDGDVHJXQGRV/DSODFDVHDSDJDUi
(VWHVtPERORVHJXLUiSDUSDGHDQGRPLHQWUDVQRVHVROXFLRQHOD
LQFLGHQFLD
7HPSRUL]DGRU
/DIXQFLyQGHWHPSRUL]DGRUSXHGHDFWLYDUVHFRQVXSURSLDWHFODR
WRFDQGRODVWHFODV\DOPLVPRWLHPSR
(QDPERVFDVRVOD]RQDGHFRFFLyQGHEHHVWDUVHOHFFLRQDGD\WHQHU
XQQLYHOGHSRWHQFLDVXSHULRUD
6HOHFFLRQHOD]RQDDODTXHTXLHUDDSOLFDUHOWHPSRUL]DGRU/D]RQD
GHEHWHQHUXQQLYHOGHSRWHQFLDVXSHULRUD/DLQGLFDFLyQHVWiWLFDVH
PXHVWUD HQ OD ]RQD WHPSRUL]DGD   DSDUHFH HQ HO LQGLFDGRU
UHVHUYDGRSDUDHOWHPSRUL]DGRU
 &RQ ODWHFOD R VH SXHGHHOHJLU HOWHPSRUL]DGRU 1RVH
SURGXFHQSLWLGRVDOFDPELDUHOWLHPSR
 (OWHPSRUL]DGRUVHFDQFHODFDPELDDFXDQGRVHSXOVDQODV
WHFODVDOPLVPRWLHPSR
 6LODWHFODRGHOWHPSRUL]DGRUVHPDQWLHQHSXOVDGDGXUDQWH
XQWLHPSRSRUGHWHUPLQDUVHSURGXFHXQDMXVWHUiSLGR
 &XDQGRVHSURJUDPDHOWLHPSRHQHOWHPSRUL]DGRUHVSRVLEOH
SDVDUGHDFRQODWHFOD\GHDFRQODWHFOD
 (OWLHPSRPi[LPRVRQPLQXWRV
 &XDQGRWUDQVFXUUDHOWLHPSR\ODSODFDGHFRFFLyQSLWHSXOVH
FXDOTXLHUWHFODSDUDGHWHQHUODDODUPD\ODVHFXHQFLDGHOLQGLFDGRU
 (VSRVLEOHDMXVWDUHOWLHPSRGHOWHPSRUL]DGRUPLHQWUDVHVWHHVWi
IXQFLRQDQGR
 /D SRWHQFLD GH OD ]RQD GH FRFFLyQ WHPSRUL]DGD VH SXHGH
PRGLILFDUVLQTXHDIHFWHDODSURJUDPDFLyQGHOWHPSRUL]DGRU
 6HPRVWUDUiQORVVHJXQGRVGHO~OWLPRPLQXWRHQODVYDULDQWHV
VRORHVWiYLVLEOHVLHOWHPSRUL]DGRUVHSURJUDPDGXUDQWHHO~OWLPR
PLQXWRGHODFXHQWDDWUiV
 6L VH SXOVD OD WHFOD GHO WHPSRUL]DGRU VLQ TXH VH KD\D
VHOHFFLRQDGRQLQJXQD]RQDODSODFDQRUHDFFLRQD
 &XDQGR VH SXOVD OD WHFOD GHO WHPSRUL]DGRU VLQ VHOHFFLRQDU
QLQJXQD ]RQD\ HQORV FDVRVHQ TXH HOWHPSRUL]DGRU VHDSOLFD D
PXFKDV]RQDVHOWLHPSRPRVWUDGRHQHOLQGLFDGRUURWD\DSDUHFHOD
LQGLFDFLyQGHWLHPSRFX\RYLVXDOL]DGRUGHSRWHQFLDWLHQHDFWLYDGRHO
SXQWRFRPDGHFLPDO
 /DSRWHQFLDV\VVHPXHVWUDGHIRUPDDOWHUQDWLYDHQOD
]RQDTXHVHHVWiWHPSRUL]DQGR
(QHOLQGLFDGRUUHVHUYDGRSDUDHOWHPSRUL]DGRUVHPXHVWUDHOWLHPSR
UHVWDQWH&XDQGRVHWHPSRUL]DQYDULDV]RQDVDOPLVPRWLHPSRVH
PXHVWUD HO PHQRU WLHPSR UHVWDQWH \ HQ OD ]RQD FRUUHVSRQGLHQWH
DSDUHFHHOSXQWRFRPDGHFLPDO
,QGLFDGRUGHFDORUUHVLGXDO
]RQDVFRQFDORUUDGLDQWH!FDOFXODGR
&RQODLQGLFDFLyQGH³FDORUUHVLGXDO´VHSXHGHQXWLOL]DUORVPLVPRV
LQGLFDGRUHV3RU HVWHPRWLYR GHEHGHILQLUVHXQD WDEODGH WLHPSR
7LHPSRGHFDOHQWDPLHQWRUHVWDQWH IQLYHOGHSRWHQFLDWLHPSRGH
IXQFLRQDPLHQWR
0LHQWUDV OD WHPSHUDWXUD HQ OD VXSHUILFLH GH OD YLWURFHUiPLFD VHD
VXSHULRU D  & YDORU WHyULFR VH LQGLFDUi HQ HO YLVXDOL]DGRU
FRUUHVSRQGLHQWHPHGLDQWHODOHWUD³+´
3DUDJHQHUDUXQDWHPSHUDWXUDSRUHQFLPDGH&HOHOHPHQWR
WpUPLFRWLHQHTXHHVWDUIXQFLRQDQGRGXUDQWHXQFLHUWRWLHPSRTXH
GHSHQGHGHOQLYHOGHSRWHQFLD8QDYH]TXHVHDFDEDHVWHWLHPSR\
TXHHOHOHPHQWRWpUPLFRVHDSDJDVHPXHVWUDODDGYHUWHQFLDGHFDORU
UHVLGXDO
'HVFRQH[LyQDXWRPiWLFDGHVHJXULGDG
6LHOQLYHOGHSRWHQFLDQRFDPELDGXUDQWHXQWLHPSRSUHGHILQLGROD
]RQDGHFRFFLyQVHDSDJDGHIRUPDDXWRPiWLFD
(O WLHPSR Pi[LPR TXH XQD ]RQD GH FRFFLyQ SXHGH SHUPDQHFHU
HQFHQGLGDGHSHQGHGHOQLYHOGHFRFFLyQVHOHFFLRQDGR
1LYHOGH
SRWHQFLD
7LHPSRPi[
KRUDV
3

127$6LVHSURGXFHXQUHFDOHQWDPLHQWRGXUDQWHHOIXQFLRQDPLHQWR
HQORVQLYHOHVGHSRWHQFLDPiVDOWRVODSODFDGHFRFFLyQDMXVWDUi
DXWRPiWLFDPHQWHHOQLYHOGHSRWHQFLD
/,03,(=$<0$17(1,0,(172
$QWHVGHUHDOL]DUFXDOTXLHUPDQWHQLPLHQWRHQODSODFDGHFRFFLyQ
GHMHTXHVHHQIUtH
 6ROR GHEHQ XWLOL]DUVH SURGXFWRV FUHPDV \ UDVFDGRUHV
H[SUHVDPHQWHGLVHxDGRVSDUDHOXVRHQYLWURFHUiPLFDVTXHHVWiQ
GLVSRQLEOHVHQORVFRPHUFLRV
(YLWHGHUUDPHV\DTXHFXDOTXLHUFRVDTXHFDLJDHQODVXSHUILFLHGH
OD SODFDGH FRFFLyQ VHTXHPDUi UiSLGDPHQWH \GLILFXOWDUi PiV OD
OLPSLH]D
(VUHFRPHQGDEOHPDQWHQHUDOHMDGDVGHODSODFDGHFRFFLyQWRGDV
ODVVXVWDQFLDVTXHSXHGDQGHUUHWLUVHFRPRORVSOiVWLFRVHOD]~FDUR
ORVSURGXFWRVD]XFDUDGRV
0$17(1,0,(172
 3RQJDXQDVFXDQWDVJRWDVGHOSURGXFWRGHOLPSLH]DHVSHFtILFRHQ
ODVXSHUILFLHGHODSODFD
 8WLOLFHXQSDxRVXDYHRSDSHOGHFRFLQDOLJHUDPHQWHKXPHGHFLGR
SDUDIURWDUODVPDQFKDVGLItFLOHV
 &RQWLQ~HXVDQGRHOSDxRRHOSDSHOKDVWDTXHODVXSHUILFLHHVWp
OLPSLD
6LWRGDYtDTXHGDDOJXQDPDQFKDGLItFLO
 $xDGD XQDV FXDQWDV JRWDV PiV GHO SURGXFWR GH OLPSLH]D
HVSHFtILFRDODVXSHUILFLH
 (OLPLQHODVPDQFKDVFRQXQUDVFDGRU\VXMpWHORHQXQiQJXORGH
FRQUHVSHFWRDODSODFD
 &RQWLQ~HXVDQGRHOSDxRRHOSDSHOKDVWDTXHODVXSHUILFLHHVWp
OLPSLD
 5HSLWDODRSHUDFLyQVLHVQHFHVDULR
8126&8$1726&216(-26
/DVRSHUDFLRQHVGHOLPSLH]DIUHFXHQWHVFUHDQXQDFDSDSURWHFWRUD
TXHHVIXQGDPHQWDOSDUDHYLWDUUD\DV\GHVJDVWH$VHJ~UHVHGHTXH
(6
Loading ...
Loading ...
Loading ...