You are on page 1of 2

(;3(',(17( -3&O

(63(&,$/,67$ (63(-2*21=$/(6 (15,48(


680,//$68%6$12,1$20,6,%,/,'$'<2752

6(Ë,25 -8(= '( 3$= /(75$'2 'D 0Ï'8/2 %È6,&2 '( -867,&,$ '( (/
$*867,12'(/$&257( 683(5,25'(/,0$(67(

/8,60$;,0,/,$12/$5$0(1'2=$<2/$1'$9(1785$/$5$0(122=$*/$2<6
&5,67,1$/$5$0(122=$ %/$6'$0,È1 /$5$0(122=$ HQ HO SURFHVR 0J8,Ï2 GH
5(&7,),&$&,21 '( 3$57,'$ &21 68&(6,Ï1 ,17(67$'$ ‡ XVWHG FRQ HO GHELGR
UHSHWRGHFOPRV

4XH WRPDPR &2,,2&IIOOHQWR SRU HO LWHPGH &(-GHO SRGHUMXGLFLDO OD 512OXFLyQ 1
 GH
IFWLWL GH QRYLHPEUHGHOOD PLOP‡TXHLQGLFH'(&/$5$5,1$'0,6,%/(OD GHPHQGH
G‡UHHWUIRF©LQ GH S
LGDO SRU ORTXHHWWDQOR GHQOURGHOSODWROHJWOO SURRHGR‡VXEVHQU OHV
RPO‡LRQH‡GRQGHPHRQGLFDQ TXH

 
6H OOHQWLFDTXH ORVDFWR H6 URORKIIO0OMXQ8GRXQHUDQFI
 UOOOXWR 6,  GHEHQGR
X6 RRSRURWUHFLOOHQURGHSकGHSURFHOQRFRQUHZRR VPVPRVHၑTXH
ORV ,,&,2O
1 VRKFOWHQ क
GH VX‡SDUWLGHV GH QDHPËQO2\OHၑ
GHUPLWPLRQRR
GH VX‡SURJHQLWF[HV ^ SHUWOGHV- 3RU-R OHQWR   /RD HFWRQV GHEIOUOQ UHLQWHJUDU L PRQUR
IHWHQWHGHOSQUZQRGHRIU©LPLHQWRGHSQHEHGHक QRRRQWO.,&LRDR \  'HEHQ
HG£XQWHUFYHWUR QFHLHHGFRO0VSRURO
&
IR GHSUXHEHGH क QRFRRWHQFLRVR
^HQWOOOOQGH0XQDUHQFHOSRUFHGHOHOWHQH  GHRRQIRPOOGHGRRQOH5HVROXFLyQ$GPLQLWUHWZH
1
 J 4&(3-
 SRU OR TXH &803/2 RRQ DGMXQWDU ORV DQHHOHW FRPSLHWRO SRU
ROUHDPOOQWRGHSUXHEDGH SURFHVR QRRRQWO&,2,,2

 (Q FXHQUR‡ DFXPXOHHLGQ RE£HWUH VRKDOOOGD FXPSOH RRQ ‡- SUHFLVDUTXI OSR GH
HFYPXODFyQ SPSRRH VL HV ၑR VXERUGLQGH &803O2 FRQ LQGLHHU TXH 
DFXPXODFOQREIHWOY‡VRLNOUDGD1$&&(625,$

‡ E  RRQ IXQG1O
OHOOOHU £XUOGHDPHQOOO SRU TO  ,,&,-IIO8HF Q SURSXHVWH HVU‡ H[HQWH GHO
ၑXVLWR H[LJLGR HQ HOFXR  QHQ   GHO&yGLJR 3URFHVH &0,‡ \ II8 FRQIRUPH DO
DUWOFXOR LQHVVR  GHO FyFKJRSURFXDOF0O\HTXH  GHFRPSHWHQ GHO PLPRMXH] QR
VRR HRQOUDQDV\ ,,2Q WUDPLWDEOQ HQ OD PLOPDYDSURFHGPHQWDO&21)250(DO WOHXOR 

'(/ &Ï',*2 352&(6$/ &,9,/ LQGLFD TXH 0WUQLWDQHQ ORV SURFHVRD QR FRQWHUO&,2,2,
WOQHULSHORQ\ U.WIILFDFOyQ GH SDUWLGŶ  6XFIIOyQ OQOIIWDGH \ HO UWOFXOR G‡,
&yGLJR 3URFHO &OYOO
6RQ FRPSHWHQWHV SDUH FRQRFHU ORV 352&(626 12
&217(1&,2626 ORW -&LYLOHV \ ORD GH 3D]/HWUDGRV 1OYR HQ ORW HDVRD HQ TXH OD
OH\DWQEX\HWXFRQRFLPLHQWRD ROURVၑQRD£XQVGN[LRQDOHVR H 1RWDULRV  /D FRPSHWHQ&O
GHORVMX]ၑGH3D] /HWUDGRV HVH[FOXVLYD SDUD ORV SQLFHVRH GH 6&IOO &,2QGHSDUWLGDV\
SDUD ORH TXHFRPHQHQ HQ ODVRO.UWXGGHOPDFLO
,SDWUZQRRLDOQRPD\RU‡O‡‡XQOG‡G+
GH UHIIIQHO‡B SRU OR TXHHQ DO SUHVHQWHHVRHQFRQIRUPLGDGFRQ DO +5H[SHGLGR
SRUODPXQ£HMSDOLGDGGLVWQWDOGH (O$*XVWOQR DO YDORUGHO SUHGLRPDOHQ GHXFHVyQ LQWHVWDGD
OOHQH XQD YDOXDGyQ GH 6-  ၑ
02FO
RHLHORD &DWRUFH \ 6ROHV 
PRQWRPHQRUD LDHLQFXHQWD853OOOOOQGRTXHOD 853DO HOOR WLHQHXQYDORUGH6, ©2 
^&XDWURFLHQWRV&XDUHQWD\ 62,0 PXDSOOHDGRSRU 853GDXQWRWDOGH6- 
9HLQWH\ 'D 0ၑ \  6ROHW  SRU OR TXH HO PRQWRGHO SHWOO2ULR GHOD ‡8&IIOQ LQWHVWDGD
HV PHQRUŶ ODV  853 SRU WDQR HO ၑWH SURFHVRW
 FRPR ၑ4DG2 FRPSHWHQWH HO
-X]ၑGH3D] /HWUDGRGH OOL MXULVG.RQ GHOGLVWULORGH (Oô£XVWLU!R

325 /2 (;38(672ā

3LGR‡XWWDG +OORU-XH]SURYHHUPLHWHQWRHRQORUPH H OH\

27526, ',*2 2WRUJ2 HORD SRGHUHVGH UHSHWHQWDFLRQHHWDEOHFLGRHHQDO DUWLFXORGH


OD /H\2UJOLQLHOGHO 3RGHU-XGLFLDO

$1(;26

RXFKHU GH SDJR SRU HUDQFHO GH RWUDFNQLHQWR GH SUXHE1 \ SRU HUQRHO SRU FHGXOD‡ GH
QRWLILHHL2Q

/LPH GHGLFOHPEIHGHO

UÂ
O)‡
क
     

XQV0$;,0,/,$12/$5$0(122=$

2-LUWL-?‡Wၑ 1 /$5$0(1'2=$
*/$'<6&5,67,1$/$5$0(122=$

You might also like