• Nenhum resultado encontrado

Avaliação do impacto de uma tecnologia da informação para gerenciamento de serviços de saúde na percepção dos clientes internos do Hospital Universitário de Brasília

N/A
N/A
Protected

Academic year: 2021

Share "Avaliação do impacto de uma tecnologia da informação para gerenciamento de serviços de saúde na percepção dos clientes internos do Hospital Universitário de Brasília"

Copied!
56
0
0

Texto

(1).   8QLYHUVLGDGHGH%UDVtOLD 8Q%

(2)  )DFXOGDGHGH(FRQRPLD$GPLQLVWUDomR&RQWDELOLGDGHH&LrQFLDGD,QIRUPDomR H'RFXPHQWDomR )$&(

(3)  3URJUDPDGH3yV*UDGXDomRHP$GPLQLVWUDomR 33*$

(4)      -$16(152*(56286$52'5,*8(6      $9$/,$d­2'2,03$&72'(80$7(&12/2*,$'$,1)250$d­23$5$ *(5(1&,$0(172'(6(59,d26'(6$Ò'(1$3(5&(3d­2'26&/,(17(6 ,17(5126'2+263,7$/81,9(56,7È5,2'(%5$6Ë/,$.                    %UDVtOLD±') .

(5) . -$16(152*(56286$52'5,*8(6         $9$/,$d­2'2,03$&72'(80$7(&12/2*,$'$,1)250$d­23$5$ *(5(1&,$0(172'(6(59,d26'(6$Ò'(1$3(5&(3d­2'26&/,(17(6 ,17(5126'2+263,7$/81,9(56,7È5,2'(%5$6Ë/,$       0RQRJUDILD DSUHVHQWDGD j )DFXOGDGH GH (FRQRPLD $GPLQLVWUDomR &RQWDELOLGDGH H &LrQFLD GD ,QIRUPDomR H 'RFXPHQWDomR )$&(

(6) GD8QLYHUVLGDGHGH%UDVtOLDFRPR UHTXLVLWR SDUFLDO j REWHQomR GR JUDX GH (VSHFLDOLVWD HP *HVWmR8QLYHUVLWiULD  2ULHQWDGRUD3URI'UD0DULDGH)iWLPD%UXQRGH)DULD  . . . . .        %UDVtOLD±') .

(7) . -$16(152*(56286$52'5,*8(6       $9$/,$d­2'2,03$&72'(80$7(&12/2*,$'$,1)250$d­23$5$ *(5(1&,$0(172'(6(59,d26'(6$Ò'(1$3(5&(3d­2'26&/,(17(6 ,17(5126'2+263,7$/81,9(56,7È5,2'(%5$6Ë/,$      0RQRJUDILD DSUHVHQWDGD j )DFXOGDGH GH (FRQRPLD $GPLQLVWUDomR &RQWDELOLGDGH H &LrQFLD GD ,QIRUPDomR H 'RFXPHQWDomR )$&(

(8)  GD 8QLYHUVLGDGH GH %UDVtOLD FRPR UHTXLVLWRSDUFLDOjREWHQomRGRJUDXGH(VSHFLDOLVWDHP*HVWmR8QLYHUVLWiULD 'DWDGHDSURYDomR BBBBBBBBBBBBBBB   BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB 3URI'UD0DULDGH)iWLPD%UXQRGH)DULD 2ULHQWDGRUD    BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB 3URIž'U&pVDU$XJXVWR7LE~UFLR6LOYD 0HPEURGD%DQFD([DPLQDGRUD   .

(9) .                            $ WRGDV DV SHVVRDV TXH DFUHGLWDUDP QR PHX VXFHVVRHVSHFLDOPHQWHPLQKDPmH'HQLOFH.

(10) . $*5$'(&,0(1726  $RULHQWDomRFXLGDGRVDHDDWHQomRGD3URIHVVRUD)iWLPD%UXQR $RV FRODERUDGRUHV GR +RVSLWDO 8QLYHUVLWiULR GH %UDVtOLD TXH GH IRUPD FRUGLDO PHDMXGDUDPQRGHFRUUHUGDSHVTXLVD $WRGRVRVFRODERUDGRUHVGR33*$HGD)$&( $RVSURIHVVRUHVGR&XUVRGH(VSHFLDOL]DomRHVSHFLDOPHQWHDRSURIHVVRU&pVDU $XJXVWR 7LE~UFLR 6LOYD SHOR HPSHQKR QD UHDOL]DomR GR FXUVR H SHOD GHGLFDomR GLVSHQVDGDDWRGRVRVDOXQRV ( ILQDOPHQWH DJUDGHoR D WRGRV RV FROHJDV H DPLJRV GR FXUVR FRP TXHP SDVVHLPRPHQWRVLQHVTXHFtYHLVHTXHGHDOJXPDIRUPDFRQWULEXtUDPSDUDRVXFHVVR GHVWDFRQTXLVWD                      .

(11) . 5(6802  $WHFQRORJLDGDLQIRUPDomR 7,

(12) SRGHVHUFRQVLGHUDGDDPDLVUHFHQWHHLQIOXHQWHGDV WHFQRORJLDV LQVHULGDV QD VRFLHGDGH WUD]HQGR FRQVLJR XPD VpULH GH LPSDFWRV EHP FRPRDQHFHVVLGDGHGHSHVTXLVDVSDUDRPHOKRUHQWHQGLPHQWRGHVVHQRYRIHQ{PHQR 2 SUHVHQWH HVWXGR WHYH FRPR REMHWLYR DYDOLDU R LPSDFWR GH XPD WHFQRORJLD GD LQIRUPDomR SDUD JHUHQFLDPHQWR GH VHUYLoRV GH VD~GH QD SHUFHSomR GRV FRODERUDGRUHVGR+8%)RLUHDOL]DGDUHYLVmRWHyULFDDILPGHLGHQWLILFDUDVGLPHQV}HV UHODWLYDV DR LPSDFWR GD 7, QR WUDEDOKR QD OLWHUDWXUD DFDGrPLFD SDUD R PHOKRU HQWHQGLPHQWRGDSHVTXLVDHPVXDWRWDOLGDGH2PpWRGRGHLQYHVWLJDomRXWLOL]DGRIRLR TXDQWLWDWLYR DWUDYpV GR OHYDQWDPHQWR GH GDGRV VXUYH\

(13)  )RUDP VHOHFLRQDGRV  FRODERUDGRUHV GD LQVWLWXLomR SDUD UHVSRQGHU R TXHVWLRQiULR 2 FULWpULR SDUD HVFROKD GHVVD DPRVWUD IRL TXH RV UHVSRQGHQWHV WHULDP TXH XWLOL]DU R VLVWHPD Ki QR PtQLPR XP DQR 2 LQVWUXPHQWR IRL FRPSRVWR SRU SHUJXQWDV IHFKDGDV HP OLQJXDJHP DSURSULDGDDRVSDUWLFLSDQWHVHHVWUXWXUDGDVHPXPDHVFDODWLSR/LNHUWYDULDQGRGHD SRQWRVLWHQVGHFDUDFWHUL]DomRGRVSDUWLFLSDQWHVHXPFDPSRSDUDRVSDUWLFLSDQWHV H[SRUHP OLYUHPHQWH LQIRUPDo}HV TXH MXOJDVVHP UHOHYDQWHV 3DUD WDQWRIRL XWLOL]DGDD HVFDOD GHQRPLQDGD $YDOLDomR GR ,PSDFWR GD 7, QR 7UDEDOKR TXH IRL HODERUDGD H YDOLGDGD  SRU /XFKW +RSSHQ H 0DoDGD 

(14)  $ SHVTXLVD DOFDQoRX UHVXOWDGRV TXH PRVWUDUDPDQHFHVVLGDGHGHXPDPDLRULQWHJUDomRHQWUHRVXVXiULRVHRVVHWRUHVGH GHVHQYROYLPHQWR GR VLVWHPD H DMXVWHV QDV SROtWLFDV GH 7, GR yUJmR HVWXGDGR HVSHFLDOPHQWHQRWRFDQWHDRVIDWRUHV,QRYDomR6DWLVIDomRGR8VXiULRH'HFLVmR  3DODYUDV&KDYH7HFQRORJLDGH,QIRUPDomR,PSDFWRGH7,*HVWmR+RVSLWDODU        .

(15) . /,67$'($%5(9,$785$6  )8% . )XQGDomR8QLYHUVLGDGHGH%UDVtOLD. *6:(%. *HUHQFLDGRUGH,QIRUPDo}HVGD6D~GHGH,QGLYLGXDO. +')30. +RVSLWDOGR'LVWULWR)HGHUDO3UHVLGHQWH0pGLFL. +8% . +RVSLWDO8QLYHUVLWiULRGH%UDVtOLD. +68 . +RVSLWDOGRV6HUYLGRUHVGD8QLmR. ,3$6(. ,QVWLWXWRGH3HQVmRH$SRVHQWDGRULDGRV6HUYLGRUHVGR(VWDGR. 0(& . 0LQLVWpULRGD(GXFDomR. 7,. . 7HFQRORJLDGD,QIRUPDomR. 6,. . 6LVWHPDVGH,QIRUPDomR. 6,* . 6LVWHPDVGH,QIRUPDo}HV*HUHQFLDLV. 6,+. 6LVWHPDVGH,QIRUPDo}HV+RVSLWDODUHV. . 686 . 6LVWHPDÒQLFRGH6D~GH. 8Q% . 8QLYHUVLGDGHGH%UDVtOLD.                      .   .

(16) . /,67$'(),*85$6  )LJXUD$WLYLGDGHVGRV6LVWHPDVGH,QIRUPDomR )LJXUD8P6,QmRDSHQDVXPFRPSXWDGRU .  /,67$'(*5È),&26  *UiILFR)DL[DHWiULD *UiILFR1tYHOGHHVFRODULGDGH *UiILFR&DWHJRULDGRFDUJR   /,67$'(48$'526   4XDGUR,WHQVGRVIDWRUHVQRTXHVWLRQiULR 4XDGUR(ORJLRVDR6LVWHPD 4XDGUR&UtWLFDVDR6LVWHPD.       .         .

(17) . /,67$'(7$%(/$6  7DEHOD0pGLDHGHVYLRSDGUmRGRVIDWRUHV 7DEHOD(VWDWtVWLFDGHVFULWLYDGRVLWHQVTXHFRPS}HRIDWRU6HJXUDQoDGD,QIRUPDomR 7DEHOD(VWDWtVWLFDGHVFULWLYDGRVLWHQVTXHFRPS}HRIDWRU&RQWUROH*HUHQFLDO 7DEHOD(VWDWtVWLFDGHVFULWLYDGRVLWHQVTXHFRPS}HRIDWRU4XDOLGDGHGD,QIRUPDomR 7DEHOD(VWDWtVWLFDGHVFULWLYDGRVLWHQVTXHFRPS}HRIDWRU3URGXWLYLGDGH 7DEHOD(VWDWtVWLFDGHVFULWLYDGRVLWHQVTXHFRPS}HRIDWRU'HFLVmR 7DEHOD(VWDWtVWLFDGHVFULWLYDGRVLWHQVTXHFRPS}HRIDWRU6DWLVIDomRGR8VXiULR 7DEHOD(VWDWtVWLFDGHVFULWLYDGRVLWHQVTXHFRPS}HRIDWRU,QRYDomR 7DEHOD&RUUHODo}HV6LJQLILFDWLYDVFRPRVIDWRUHVHDVYDULiYHLVLQGHSHQGHQWHV.                    .

(18) . 680È5,2  ,1752'8d­2 . )RUPXODomRGR3UREOHPD. . 2EMHWLYRV . ±2EMHWLYR*HUDO ±2EMHWLYRV(VSHFtILFRV. )81'$0(17$d­27(Ï5,&$ . *HVWmRGH6HUYLoRV+RVSLWDODUHVQD5HGH3~EOLFD. . &RQFHLWRVHFRPSRQHQWHVGD7HFQRORJLDGD,QIRUPDomR 7,

(19) . . 6LVWHPDVGH,QIRUPDomR ±6LVWHPDVGH,QIRUPDomR+RVSLWDODU 6,+

(20)  ±,PSDFWRGD7,QR7UDEDOKR 4XDOLGDGHGD,QIRUPDomR ,PSDFWRGD7,VREUHD,QRYDomR ,PSDFWRGD7,VREUHD3URGXWLYLGDGH ,PSDFWRGD7,VREUHR&RQWUROH*HUHQFLDO ,PSDFWRGD7,VREUHD6DWLVIDomRGRV8VXiULRV ,PSDFWRGD7,VREUHR3URFHVVR'HFLVyULR ,PSDFWRGD7,VREUHD6HJXUDQoDGD,QIRUPDomR 0(72'2/2*,$ 7LSRGH3HVTXLVD 3RSXODomRH$PRVWUD ,QVWUXPHQWRGH&ROHWDGH'DGRV 3URFHGLPHQWRGH&ROHWDGRV'DGRV $QDOLVHGRV'DGRV 5(68/7$'26(',6&866­2.

(21) .   &DUDFWHUL]DomR GD ,QVWLWXLomR GR6LVWHPD *6:(%H GRV 3DUWLFLSDQWHV GD 3HVTXLVD ±&DUDFWHUL]DomRGD,QVWLWXLomR ±&DUDFWHUL]DomRGR6LVWHPD*6:(% ±&DUDFWHUL]DomRGRV3DUWLFLSDQWHVGD3HVTXLVD   5HVXOWDGR GDV PpGLDV H GHVYLRV SDGUmR GRV IDWRUHV GD HVFDOD GH $YDOLDomRGH,PSDFWRGH7,QR7UDEDOKR ±$QiOLVHGDTXHVWmRTXDOLWDWLYD  &216,'(5$d®(6),1$,6 5()(5Ç1&,$6 $1(;26                   .

(22) . . ,1752'8d­2  $V ~OWLPDV GpFDGDV GR VpFXOR ;; IRUDP PDUFDGDV SRU UiSLGDV H YHUWLJLQRVDV PXGDQoDV WHFQROyJLFDV HFRQ{PLFDV H VRFLDLV TXH WUDQVIRUPDUDP R PXQGR GR WUDEDOKRGDVHPSUHVDVHFRQVHTHQWHPHQWHGDVSHVVRDV(VVDpSRFDIRLPDUFDGD SRU XPD HSLGHPLD GH SURMHo}HV H SUHYLV}HV VREUH RV IXWXURV DFRQWHFLPHQWRV GR VpFXOR;;,RQGHDJHVWmRGDVHPSUHVDVIRLIXQGDPHQWDOQDUHIRUPXODomRGRDPELHQWH GRVQHJyFLRVGDVQRYDVFRQILJXUDo}HVRUJDQL]DFLRQDLVHGRSHUILOGRJHVWRUIUHQWHD HVVDVWUDQVIRUPDo}HV 58$6

(23)  3UHVVLRQDGDVSRUPHOKRULDVDVRUJDQL]Do}HVEXVFDPPRGHORVGHJHVWmRPDLV HILFD]HV TXH UHVXOWHP QD PHOKRULD GD TXDOLGDGH GRV SURGXWRV H GRV VHUYLoRV RIHUHFLGRV DRV FOLHQWHV TXH HVWmR FDGD YH] PDLV H[LJHQWHV H FRQVFLHQWHV GRV VHXV GLUHLWRV 1DVRUJDQL]Do}HVS~EOLFDVVREUHWXGRQDVRUJDQL]Do}HVKRVSLWDODUHVSRUXPD TXHVWmR GH DGDSWDomR D HVVH PRPHQWR GH WUDQVIRUPDomR RFRUUHUDP PXGDQoDV VLJQLILFDWLYDV QDV IRUPDV GH WUDEDOKR RQGH IRUDP DEROLGDV WUDGLFLRQDLV H FRQVHUYDGRUDVSUiWLFDVDWpHQWmRLPSOHPHQWDGDVSDUDGDUOXJDUDQRYDVHPRGHUQDV WHFQRORJLDV H HVWUXWXUDV RUJDQL]DFLRQDLV FULDGDV SDUD DGHTXDU D RUJDQL]DomR H RV SURILVVLRQDLVDRVDPELHQWHVWXUEXOHQWRVFRPRRVGRVGLDVDWXDLV $ 7HFQRORJLD GD ,QIRUPDomR 7,

(24)  p SDUWH LQWHJUDQWH GHVVH SURFHVVR GH WUDQVIRUPDomR WRUQDQGR QHFHVViULR R LQYHVWLPHQWR HP QRYDV WHFQRORJLDV QD LPSOHPHQWDomR GH QRYRV SURFHVVRV RUJDQL]DFLRQDLV H HP FRQWLQXDV DGDSWDo}HV QD SRVWXUDHVWUDWpJLFDGDVRUJDQL]Do}HV %5,72$1721,$//,6$1726

(25)  'HVWH PRGR FRQIRUPH 3HURWWRQL HW DO  S

(26)  ³DV RUJDQL]Do}HV GHYHP LQYHVWLU HP HTXLSDPHQWRV TXH SRVVDP VXSULU VXDV QHFHVVLGDGHV HP VRIWZDUHV TXH GmR VXSRUWH jV DWLYLGDGHV GHVHPSHQKDGDV SHORV VHXV SURILVVLRQDLV DVVLP FRPR QR DSULPRUDPHQWRGHVHXVFRODERUDGRUHV´ 3DUD DGHTXDUVH D HVVH QRYR SDUDGLJPD D JHVWmR GH RUJDQL]Do}HV KRVSLWDODUHV HYROXLX SDUD XPSURFHVVRPDLV FRPSOH[R GHDQiOLVHV JHUHQFLDLV FRPR REMHWLYR GH SHQVDU HVWUDWHJLFDPHQWH IUHQWH DRV QRYRV GHVDILRV GHVHQYROYHQGR FRPSHWrQFLDV WpFQLFDV H JHUHQFLDLV PRGHUQDV TXH SHUPLWDP LGHQWLILFDU H DSUHVHQWDU VROXo}HVMXQWRDRVSUREOHPDVTXHSHUPHLDPDiUHDGHVD~GH  .

(27) . . $R FRQVLGHUDU TXH R LPSDFWR GH XPD 7, p GH VXPD LPSRUWkQFLD SRLV SURYRFD DOWHUDo}HVQRVSDGU}HVGHWUDEDOKRQRVYDORUHVGDVSHVVRDVHGDVRUJDQL]Do}HVR SUHVHQWH WUDEDOKR WHP FRPR REMHWLYR DYDOLDU R LPSDFWR GH XPD WHFQRORJLD GD LQIRUPDomR SDUD JHUHQFLDPHQWR GH VHUYLoRV GH VD~GH QD SHUFHSomR GRV FOLHQWHV LQWHUQRVGR+RVSLWDO8QLYHUVLWiULRGH%UDVtOLD(VVDDYDOLDomRSRGHUiRULHQWDUDVDo}HV GRKRVSLWDOQRVHQWLGRGHDSULPRUDURVHXGHVHPSHQKRIXWXUR  )RUPXODomRGR3UREOHPDGD3HVTXLVD  4XDO R LPSDFWR GH XPD WHFQRORJLD GD LQIRUPDomR SDUD JHUHQFLDPHQWR GH VHUYLoRV GH VD~GH QD SHUFHSomR GRV FOLHQWHV LQWHUQRV GR +RVSLWDO 8QLYHUVLWiULR GH %UDVtOLD"  2EMHWLYRV  2EMHWLYR*HUDO  2REMHWLYRJHUDOGRHVWXGRpDYDOLDURLPSDFWRGHXPDWHFQRORJLDGDLQIRUPDomR SDUD JHUHQFLDPHQWR GH VHUYLoRV GH VD~GH QD SHUFHSomR GRV FOLHQWHV LQWHUQRV GR +RVSLWDO8QLYHUVLWiULRGH%UDVtOLD  2EMHWLYRV(VSHFtILFRV  • ,GHQWLILFDU DV GLPHQV}HV UHODWLYDV DR LPSDFWR GD 7, QR WUDEDOKR QD OLWHUDWXUD FLHQWtILFD • 'HVFUHYHURVUHVXOWDGRVREWLGRVSHODRUJDQL]DomRFRPDWHFQRORJLDDGRWDGD • 9HULILFDU D H[LVWrQFLD GH GLYHUJrQFLDV QD SHUFHSomR GH LPSDFWR GD 7, TXDQGR FRQVLGHUDGRVGLIHUHQWHVJUXSRVGHWUDEDOKDGRUHV • ,QGLFDU DV SRVVtYHLV IDOKDV H VXJHULU PHGLGDV SDUD PLQLPL]DU RV LPSDFWRV GDV LQVHUo}HVGHQRYDVWHFQRORJLDVQDRUJDQL]DomRSHVTXLVDGD    .

(28) . . )81'$0(17$d­27(Ï5,&$  2 SUHVHQWH FDStWXOR DSUHVHQWD RV UHVXOWDGRV REWLGRV SRU PHLR GH SHVTXLVD ELEOLRJUiILFDHHQIDWL]DFRQFHLWRVDFHUFDGHJHVWmRGHVHUYLoRVHPVD~GHWHFQRORJLDV GH LQIRUPDomR VLVWHPDV GH LQIRUPDomR LPSDFWRV GD 7, VREUH TXDOLGDGH GD LQIRUPDomRLQRYDomRSURGXWLYLGDGHFRQWUROHJHUHQFLDOSURFHVVRGHFLVyULRVDWLVIDomR GRVXVXiULRV H VHJXUDQoDGD LQIRUPDomR7DLV FRQFHLWRV WRUQDPVH QHFHVViULRV SDUD XPPHOKRUHQWHQGLPHQWRGDSHVTXLVDHPVXDWRWDOLGDGHGDIRUPXODomRGRSUREOHPDj DQiOLVHGRVUHVXOWDGRV  *HVWmRGHVHUYLoRVKRVSLWDODUHVQDUHGHS~EOLFD  $SyV R UHFRQKHFLPHQWR SHOR (VWDGR EUDVLOHLUR GR GLUHLWR XQLYHUVDO j VD~GH IRL FULDGRHPR6LVWHPDÒQLFRGH6D~GH 686

(29) TXHVHJXQGR5RGULJXHV S

(30)  ³p UHJLGR SHOD OyJLFD GR GLUHLWR VRFLDO GH FDUiWHU FROHWLYR RQGH R (VWDGR DWXD GLUHWDPHQWHWDQWRQDIRUPXODomRHJHVWmRGHSROtWLFDVFRPRQDJHVWmRHSURYLVmRGH Do}HV H VHUYLoRV GH VD~GH´ $ OyJLFD GR VLVWHPD S~EOLFR GH VD~GH FRUUHVSRQGH D GHVPHUFDQWLOL]DomRGRDFHVVRDRVVHUYLoRVGHVD~GHeQHVWHkPELWRHGHQWURGHVVD OyJLFDTXHDWXDPRVKRVSLWDLVXQLYHUVLWiULRV 7RPDQGR FRPR EDVH HVVD OyJLFD RV KRVSLWDLV XQLYHUVLWiULRV FRPR SDUWH LQWHJUDQWHGRVVHUYLoRVGHXPDXQLYHUVLGDGHS~EOLFDWrPFRPRSUHFHLWRDPDQXWHQomR GD WUtDGH HQVLQR SHVTXLVD H H[WHQVmR YLQFXODGD j DVVLVWrQFLD D FRPXQLGDGH H LQWHJUDGR FRP D UHGH 686 2V KRVSLWDLV XQLYHUVLWiULRV GHYHP RIHUHFHU VHUYLoRV S~EOLFRV GH TXDOLGDGH FXPSULQGR VHX SDSHO GH IRUPDomR GH SURILVVLRQDLV SDUD DWXDomR QD iUHD GD VD~GH H GHVHQYROYHU SHVTXLVDV TXH DYDQFHP QD EXVFD GH VROXo}HVSDUDDVTXHVW}HVGDVD~GH 'HVWH PRGR D RUJDQL]DomR KRVSLWDODU p VHPHOKDQWH D XPD HPSUHVD SHODV IXQo}HVDGPLQLVWUDWLYDVDSUHVHQWDGDV1RVGLDVDWXDLVRKRVSLWDODSUHVHQWDVHFRPR XP LQVWUXPHQWR GH LQWHUYHQomR WHUDSrXWLFD FRP R REMHWLYR GH DOFDQoDU D FXUD GH GRHQWHV *85*(/-Ò1,259,(,5$

(31)  *XUJHO -~QLRU H 9LHLUD 

(32)  FRQVLGHUDP D RUJDQL]DomR KRVSLWDODU FRPR XPD GDV PDLV FRPSOH[DV SHOD QREUH]D H DPSOLWXGH GD VXD PLVVmR DOpP GH DSUHVHQWDU HTXLSHPXOWLGLVFLSOLQDUFRPHOHYDGRJUDXGHDXWRQRPLDSDUDGDUDVVLVWrQFLDjVD~GHD.

(33) . . SDFLHQWHV RQGH VH XWLOL]D URWLQHLUDPHQWH H GH IRUPD FUHVFHQWH WHFQRORJLD GH SRQWD $OpPGHVHUXPHVSDoRGHSUiWLFDGHHQVLQRDSUHQGL]DJHPHSURGXomRFLHQWtILFD 6HJXQGR 'UXFNHU  DSXG 6,/9$ 628=$  S

(34)  R KRVSLWDO UH~QH PXLWDVDWLYLGDGHVGLIHUHQWHV³QRVKRVSLWDLVHVWmRUHXQLGRVYiULRVVHUYLoRVHVLWXDo}HV VLPXOWkQHDV KRVSLWDO p KRWHO ODYDQGHULD VHUYLoRV PpGLFRV OLPSH]D YLJLOkQFLD UHVWDXUDQWHUHFXUVRVKXPDQRVUHODFLRQDPHQWRFRPRFRQVXPLGRU´ 1D HVIHUD KRVSLWDODU D WHFQRORJLD QmR VXEVWLWXL D PmR GH REUD KXPDQD SHOR FRQWUiULR JHUD D QHFHVVLGDGH GH SURILVVLRQDLV HVSHFLDOL]DGRV RFDVLRQDQGR D GLPLQXLomR GRV FXVWRV GD LQRYDomR H FRQVHTHQWHPHQWH R DXPHQWR R QtYHO GH HVSHFLDOL]DomRHSURILVVLRQDOL]DomRQHVVDVLQVWLWXLo}HV 6,/9$628=$

(35)  %RUED 

(36) GHVWDFDTXHRJHVWRUKRVSLWDODUGHYHDSUHVHQWDUFRPRUHTXLVLWRV DHIHWLYDHHILFLHQWHDGPLQLVWUDomRSDUDRSURFHVVRGHGHVHQYROYLPHQWRGDXQLGDGHGH VD~GH  3RUWDQWR QHFHVVLWD GH LQIRUPDo}HV H FRQKHFLPHQWRV D UHVSHLWR GH VXDV IXQo}HV D ILP GH RIHUHFHU R QHFHVViULR SDUD JDUDQWLU R HIHWLYR DWHQGLPHQWR DRV EHQHILFLiULRV GRV VHUYLoRV GH VD~GH &DEH DR DGPLQLVWUDGRU KRVSLWDODU DLQGD UHVSRQGHUSHODTXDOLGDGHGRVVHUYLoRVHFXLGDGRVSUHVWDGRVIRUPDomRHFRPSRVLomR GR FRUSR FOtQLFR DGHTXDGD YLVmR GD IXQomR KRVSLWDODU H GHILQLomR FODUD GD HVWUXWXUD RUJkQLFD ³2 DGPLQLVWUDGRU HILFD] QmR FRQIXQGH R YHUGDGHLUR SUREOHPD FRP RV VLQWRPDV FXMR WUDWDPHQWR UHVXOWD DSHQDV QXP DOtYLR WHPSRUiULR H QmR UHPRYH DV FDXVD´ %25%$S

(37)  $SUy[LPDVHomRpGHGLFDGDjDQiOLVHGHFRQFHLWRVHFRPSRQHQWHVGD7,VRED SHUFHSomRGHGLYHUVRVSHVTXLVDGRUHVGRWHPDDILPGHIRUPDUDOLFHUFHVWHyULFRVSDUD HPEDVDUFLHQWLILFDPHQWHDSUHVHQWHSHVTXLVD  &RQFHLWRVHFRPSRQHQWHVGDWHFQRORJLDGDLQIRUPDomR 7,

(38)   $ FUHVFHQWH HYROXomR RFRUULGD DWUDYpV GR DGYHQWR GD LQIRUPiWLFD YHP LQIOXHQFLDQGR RV PRGHORV GH DGPLQLVWUDomR H JHUHQFLDPHQWR GDV RUJDQL]Do}HV H SURYRFDGR PXGDQoDV VLJQLILFDWLYDV QR FRPSRUWDPHQWR GDV SHVVRDV WDQWR QD YLGD SURILVVLRQDOTXDQWRQDYLGDSHVVRDO /$8'21/$8'21

(39)  7RPDQGR SRU EDVH HVVH QRYR SDUDGLJPD WHFQROyJLFR QHVWH WUDEDOKR VHUi XWLOL]DGRRFRQFHLWRGHWHFQRORJLDGDLQIRUPDomRTXHVHJXQGR0DUFRYLWFK 

(40) SRGH VHU HQWHQGLGR FRPR R FRPSOH[R WHFQROyJLFR TXH HQYROYH FRPSXWDGRUHV VRIWZDUHV.

(41) . . UHGHV GH FRPXQLFDomR HOHWU{QLFD UHGH GLJLWDO GH VHUYLoRV WHFQRORJLDV GH WHOHFRPXQLFDo}HVSURWRFRORVGHWUDQVPLVVmRGHGDGRVHRXWURVVHUYLoRV 'HVWDIRUPDD7,³UHSUHVHQWDXPFRQMXQWRGHFRPSRQHQWHVLQWHUUHODFLRQDGRV WUDEDOKDQGR MXQWRV SDUD FROHWDU UHFXSHUDU SURFHVVDU DUPD]HQDU H GLVWULEXLU LQIRUPDomR´ )LJXUD 

(42)  FRP D ILQDOLGDGH GH IDFLOLWDU R SODQHMDPHQWR R FRQWUROH D FRRUGHQDomR H R SURFHVVR GHFLVyULR HP HPSUHVDV H RXWUDV RUJDQL]Do}HV /$8'21 /$8'21S

(43)             )LJXUD$WLYLGDGHVGRV6LVWHPDVGH,QIRUPDomR )RQWH/DXGRQH/DXGRQ S

(44) .  $WHFQRORJLDGDLQIRUPDomRSURSLFLDRVDOLFHUFHVSDUDDVYiULDVDWLYLGDGHVYLWDLV GHXPDRUJDQL]DomRSRVVLELOLWDQGRPXGDQoDVHVVHQFLDLVQDIRUPDFRPRRWUDEDOKRVH SURFHVVD DSUHVHQWDQGR QRYDV RSRUWXQLGDGHV HVWUDWpJLFDV TXH UHDYDOLDP VXDV PLVV}HV H RSHUDo}HV XPD YH] TXH VmR HODV TXH DSyLDP DV GHFLV}HV H H[HUFHP LQIOXrQFLDVVREUHRFRPSRUWDPHQWRGDVSHVVRDV 2/,9(,5$

(45)  $ DVVRFLDomR HQWUH D 7, H D HVWUDWpJLD GH XPD HPSUHVD HVWi PXLWR FODUD DWXDOPHQWH 'HVVD IRUPD VHJXQGR 2OLYHLUD 

(46)  D 7, WHP RFXSDGR HVSDoR VLJQLILFDWLYR QR SODQHMDPHQWR SURFHVVRV H GLUHomR GDV HPSUHVDV UHSHUFXWLQGR HP GLYHUVRVDVSHFWRVGDDGPLQLVWUDomRFRUSRUDWLYD 3DUD %ULWR $QWRQLDOOL H 6DQWRV  S

(47)  XP QRYR SDUDGLJPD FRPHoD D VHU GHOLQHDGRPDUFDGRSRUGLYHUVDVWHQGrQFLDVUHODWLYDVjVWHFQRORJLDVGDLQIRUPDomR     .

(48) . . (VVD QRYD HUD p FDUDFWHUL]DGD SHOR FUHVFHQWH XVR GRV FRPSXWDGRUHV QDV RUJDQL]Do}HVSHODFRQYHUJrQFLDHQWUHVDVPtGLDVFRPSXWDGRUHVHUHGHVGH FRPXQLFDo}HVDXWRPDomRGDRUJDQL]DomRSURFHVVRVGHWUDEDOKRFRPPDLRU DJUHJDomR GH YDORU SURSRUFLRQDGR SHOD 7, DXPHQWR GD FRPSHWLomR JOREDO H DGRomRGGH SDGU}HV WHFQROyJLFRV JOREDLV $ EDVH GH WUDQVIRUPDomR RUJDQL]DFLRQDOHGD YDQWDJHPFRPSHWLWLYD QHVWHFHQiULRVHUi D LQIRUPDomR WUDGX]LGDHPFRQKHFLPHQWR.  'HVWD IRUPD D LQIRUPDomR SDVVD D VHU XP UHFXUVR HVVHQFLDO SDUD DV RUJDQL]Do}HV SHUPLWLQGR DVVLP R DOLQKDPHQWR HVWUDWpJLFR TXH JHUD DV FRQGLo}HV QHFHVViULDV SDUD DOFDQoDU RV REMHWLYRV H FXPSULU D PLVVmR FRUSRUDWLYD %5,72 $1721,$//,6$1726

(49)  3RUWDQWR D 7, IRUQHFH DV IHUUDPHQWDV QHFHVViULDV SDUD R GHVHQYROYLPHQWR GH XP VLVWHPD GH LQIRUPDo}HV DGHTXDGR jV QHFHVVLGDGHV GDV RUJDQL]Do}HV KRVSLWDODUHV &DEH DRV LQGLYtGXRV HQYROYLGRV QHVVH SURFHVVR XP FRPSURPHWLPHQWR DFHUFD GHVVHV SULQFtSLRV QRUWHDGRUHV GH PRGR TXH VHMD SRVVtYHO GHILQLU DV LQIRUPDo}HV QHFHVViULDV SDUD TXH R SURFHVVR GH LQIRUPDWL]DomR RUJDQL]DFLRQDO HQYROYDRVXVXiULRVHPWRGDVDVHWDSDVGRSURFHVVR  6LVWHPDVGHLQIRUPDomR 6,

(50)   %RUJHV 

(51) FRQFHLWXDVLVWHPDFRPRXPFRQMXQWRGHHOHPHQWRVFRPIXQo}HV SUySULDVTXHLQWHUDJHPHDJHPHPFRQMXQWRSDUDDWLQJLUXPRXPDLVREMHWLYRV 6HJXQGR3HURWWRQLHWDO S

(52) RV6,VSRGHPVHUHQWHQGLGRVDSDUWLUGH WUrVGLPHQV}HV  +XPDQDjPHGLGDTXHDVSHVVRDVLQWHUDJHPFRPRVVLVWHPDVDOLPHQWDQGR RVFRPGDGRVHXWLOL]DQGRDVLQIRUPDo}HVUHVXOWDQWHVQDVVXDV DWLYLGDGHVH LQWHJUDQGRRVDVXDURWLQDGHWUDEDOKR2UJDQL]DFLRQDOjPHGLGDTXHDFXOWXUD GDHPSUHVDHRDPELHQWHHPTXHDPHVPDVHLQVHUHDIHWDPRGHOLQHDPHQWR GRVVLVWHPDVGHLQIRUPDo}HV7HFQROyJLFDjPHGLGDTXHpSUHFLVRVHOHFLRQDU D WHFQRORJLD DGRWDGD SDUD HQWUDGD VDtGD SURFHVVDPHQWR H DUPD]HQDPHQWR GDLQIRUPDomR. . /DXGRQ H /DXGRQ 

(53)  FRQVLGHUDP XP HUUR GHVFUHYHU RV VLVWHPDV GH LQIRUPDomR DSHQDV HP WHPRV GH FRPSXWDGRU 6HJXQGR RV DXWRUHV QmR p SRVVtYHO HQWHQGHURXXVDUXPVLVWHPDGHLQIRUPDomRVHPDFRPSUHHQVmRGHVXDVGLPHQV}HV HP WHUPRV GH RUJDQL]DomR H GH SHVVRDV EHP FRPR GH VXDV GLPHQV}HV WpFQLFDV 'HVVD IRUPD /DXGRQ H /DXGRQ  S

(54)  FRQVLGHUDP TXH ³XP VLVWHPD GH.

(55) . . LQIRUPDomR p SDUWH LQWHJUDQWH GH XPD RUJDQL]DomR H SURGXWR GRV FRPSRQHQWHV WHFQRORJLDRUJDQL]Do}HVHSHVVRDV´ ILJXUD

(56)                )LJXUD8P6,QmRDSHQDVXPFRPSXWDGRU )RQWH/DXGRQH/DXGRQ S

(57) .  6HJXQGR /DXGRQ H /DXGRQ 

(58)  R XVR GH XP 6, YHP WUDQVIRUPDQGR D PDQHLUD TXH R WUDEDOKR p FRQGX]LGR GDQGR DRV LQGLYtGXRV QRYDV IHUUDPHQWD SDUD D PHOKRULDGHVXDVDWLYLGDGHVHGHILQLQGRFRPRDLQIRUPDomRpDFHVVDGDHXVDGDSDUD DGPLQLVWUDURVUHFXUVRVGHXPDRUJDQL]DomR 6WXPSIH)UHLWDV 

(59) HQIDWL]DPTXHDLQIRUPDomRUHSUHVHQWDGDGRVHPXVRH HVWHXVRLPSOLFDQRVXVXiULRVSRUWDQWRRVLVWHPDGHYHLGHQWLILFDUTXHPTXDQGRRQGH HFRPRDLQIRUPDomRpQHFHVViULD'HVWHPRGRDFRQFHSomRGHXP6,QmRSRGHVHU FRQGX]LGD DSHQDV SRU SURILVVLRQDLV GD iUHD GH LQIRUPiWLFD (VVD WDUHID WDPEpP UHTXHUXPDOWRQtYHOGHHQYROYLPHQWRHGHFRQWUROHGRVXVXiULRVILQDLV 6HJXQGR 6WXPSI H )UHLWDV  S

(60)  R HQYROYLPHQWR GR XVXiULR QD FRQFHSomRHQDRSHUDomRGHXP6,WHPYiULDVFRQVHTrQFLDVSRVLWLYDVGHQWUHHODV  3ULPHLUDPHQWH VH RV XVXiULRV HVWmR HQYROYLGRV SURIXQGDPHQWH QD GHILQLomR GRV VLVWHPDV WHUmR PDLV RSRUWXQLGDGHV SDUD PROGDU HVVHV VLVWHPDV GH DFRUGRFRPDVVXDVSULRULGDGHVHQHFHVVLGDGHV6HJXQGRHVWDUmRPDLVDSWRV D UHDJLU SRVLWLYDPHQWH DR VLVWHPD SRUTXH WLYHUDP SDUWLFLSDomR DWLYD QD VXD GHILQLomRHGHVHQYROYLPHQWR$VXDSDUWLFLSDomRQDLPSOHPHQWDomRIDYRUHFHD DFHLWDomRHPUHODomRDRVLVWHPDHjVPXGDQoDVSURYRFDGDVSRUHVWH.   .

(61) . . 6LVWHPDVGH,QIRUPDomR+RVSLWDODU 6,+

(62)   2 XVR GH FRPSXWDGRUHV H GH UHGHV GH FRPSXWDGRUHV QRV VHUYLoRV GH VD~GH WHP DGTXLULGR JUDQGH UHOHYkQFLD QD DGPLQLVWUDomR GDV LQIRUPDo}HV HP VD~GH ([DWDPHQWHSRULVVRTXHRVFRPSXWDGRUHVHRVVLVWHPDVGHLQIRUPDomRTXHYLDELOL]DP VHXIXQFLRQDPHQWRWRUQDPVHYLWDLVGHQWURGDVRUJDQL]Do}HV 6HJXQGR 6WXPSI H )UHLWDV 

(63)  RV VLVWHPDV GH LQIRUPDomR GHVWLQDGRV DRV VHUYLoRV GH VD~GH FRPHoDUDP D VHU XVDGRV HP PHDGRV GD GpFDGD GH  SDUD IXQo}HV DGPLQLVWUDWLYDV H PpWRGRV HVWDWtVWLFRV H ILQDQFHLURV GRV KRVSLWDLV &RP R DGYHQWR GRV PLFURFRPSXWDGRUHV IRL SHUPLWLGR DRV HQYROYLGRV QHVVHV VHUYLoRV R DFHVVRDEDVHVGHGDGRVGRVKRVSLWDLVSRVVLELOLWDQGRDLQWHUOLJDomRHDFRPXQLFDomR HQWUHSUDWLFDPHQWHWRGDVDVIXQo}HV 3DUD 6WXPSI H )UHLWDV 

(64)  FDEH DV SHVVRDV HQYROYLGDV QR SURFHVVR GH LPSODQWDomRGHXPVLVWHPDGHLQIRUPDo}HVKRVSLWDODUHVWHUXPFRPSURPHWLPHQWRQR VHQWLGR GH HQYROYHU RV XVXiULRV GR VLVWHPD HP WRGDV DV HWDSDV GR SURFHVVR LQIRUPDWL]DomRDILPGHJDUDQWLURDWHQGLPHQWRGDPLVVmRLQVWLWXFLRQDOGDRUJDQL]DomR QRVHXREMHWLYRGHSUHVWDUDVVLVWrQFLDGHDOWDTXDOLGDGH 6HJXQGR6DEEDWLQL 

(65) QRVGLDVDWXDLVpFDGDYH]PDLVGLItFLOjRSHUDomRGH XP KRVSLWDO VHP R XVR GD WHFQRORJLD GD LQIRUPDomR 2 KRVSLWDO p XPD RUJDQL]DomR FRPSOH[D H SRVVXL XPD TXDQWLGDGH LPHQVD GH LQIRUPDo}HV TXH SUHFLVDP VHU DUPD]HQDGDVSURFHVVDGDVJHUHQFLDGDVHGLVWULEXtGDV (QWUHWDQWR6DEEDWLQL S

(66) VDOLHQWDTXH  $ LQIRUPDWL]DomR GH XP KRVSLWDO QmR p XPD WDUHID IiFLO SULQFLSDOPHQWH TXDQGRRVHXREMHWLYRSULQFLSDOpLQWHJUDUDWUDYpVGHFRPSXWDGRUHVWRGRV RVDVSHFWRVUHIHUHQWHVjVVXDVDWLYLGDGHVPHLRHjVDWLYLGDGHVILP8PGRV DVSHFWRV IXQGDPHQWDLV SDUD R VXFHVVR GHVVD RSHUDomR p R HVWDEHOHFLPHQWR GH XPD HVWUXWXUD JHUHQFLDO H RSHUDFLRQDO DGHTXDGD R &HQWUR GH ,QIRUPiWLFD +RVSLWDODU LGHDOL]DGR GH PRGR D VH DGHTXDU DR RUJDQRJUDPD Mi H[LVWHQWH QR KRVSLWDO PDV DR PHVPR WHPSR EXVFDQGR PRGHUQL]iOR FRP R REMHWLYR GH LQWHJUDU D ,QIRUPiWLFD GD PDQHLUD D PDLV FRPSOHWDHHILFLHQWHSRVVtYHO.   'HVVD IRUPD LQIHUHVH TXH RV 6,+V WHP FRPR SULQFLSDO REMHWLYR LQWHJUDU SRU PHLR GH UHFXUVRV WHFQROyJLFRV WRGRV RV DVSHFWRV UHIHUHQWHV jV DWLYLGDGHV KRVSLWDODUHVHQWUHWDQWRDSUHVHQWDXPSURFHVVRFRPSOH[RQDIDVHGHLPSODQWDomR.

(67) . . $SUy[LPDVHomRpGHGLFDGDjDQiOLVHGHLPSDFWRGD7,VREUHDVRUJDQL]Do}HV H DSUHVHQWD D UHODomR GHVVDV WHFQRORJLDV FRP RV WHPDV TXDOLGDGH GD LQIRUPDomR LQRYDomRSURGXWLYLGDGHFRQWUROHJHUHQFLDOVDWLVIDomRGRXVXiULRSURFHVVRGHFLVyULR HVHJXUDQoDGDLQIRUPDomR  ,PSDFWRGD7,QRWUDEDOKR  6HJXQGR /XFKW +RSSHQ H 0DoDGD 

(68)  R LPSDFWR GD 7, DVVXPH GLIHUHQWHV VLJQLILFDGRV GHSHQGHQGR GR HQIRTXH TXH VH GHVHMD DYDOLDU 2V HIHLWRV VHQWLGRV QD LPSODQWDomRGHXPDQRYDWHFQRORJLDQRDPELHQWHGHXPDRUJDQL]DomRS~EOLFDSRGHP VHU YLVOXPEUDGRV SRU H[HPSOR VRE RV DVSHFWRV GD RUJDQL]DomR GRV SURFHVVRV GH WUDEDOKRRXDWpPHVPRGRLQGLYtGXR $VHJXLUVmRDERUGDGDVDVEDVHVFRQFHLWXDLVDUHVSHLWRPRGHORVGHDYDOLDomR GR LPSDFWR GD 7, H GR LPSDFWR GD 7, QD SHUFHSomR GH YDORU GRV XVXiULRV TXDQWR DR WUDEDOKR  ,PSDFWRGD7,VREUHD4XDOLGDGHGDLQIRUPDomR  $TXDOLGDGHGDLQIRUPDomRpXPDFRQGLomREiVLFDHQRFHQiULRRUJDQL]DFLRQDO QRV GLDV DWXDLV 6HQGR SRUWDQWR IXQGDPHQWDO SDUD R DXPHQWR GD TXDOLGDGH GRV SURFHVVRVGHWRPDGDGHGHFLV}HVGHXPJUXSDPHQWRJHUHQFLDO $OPHLGD H 9DUYDNLV 

(69)  DILUPDP TXH R YDORU GD LQIRUPDomR GHSHQGH GH TXDOLGDGHV LQWUtQVHFDV H H[WUtQVHFDV H FRQFHLWXDP YDORU GD LQIRUPDomR FRPR D YDOLGDGH H UHOHYkQFLD TXH D LQIRUPDomR UHSUHVHQWD D XP GHWHUPLQDGR LQGLYtGXR RX JUXSR 2V DWULEXWRV GD TXDOLGDGH GD LQIRUPDomR DVVRFLDGD DR XVXiULR VHJXQGR 2OHWR  S

(70)  ³VmR DGHTXDomR GD LQGH[DomR H FODVVLILFDomR DWULEXWR GR VLVWHPD

(71)  HILFiFLDHILFLrQFLDGDUHFXSHUDomR DWULEXWRGRVLVWHPD

(72) LPSDFWRUHOHYkQFLDXWLOLGDGH YDORUHVSHUDGRYDORUSHUFHELGRHYDORUGHXVR´ $ DQiOLVH GD TXDOLGDGH GD LQIRUPDomR DVVRFLDGD FRPR XP SURGXWR HQIDWL]D D LQIRUPDomRFRPRFRLVDDWULEXLQGRjTXDOLGDGHGDLQIRUPDomRDOJXPDVGLPHQV}HVWDLV FRPR DEUDQJrQFLD DFHVVLELOLGDGH DWXDOLGDGH FRQILDELOLGDGH REMHWLYLGDGH SUHFLVmRH YDOLGDGH 2/(72

(73) .

(74) . . 3RUWDQWR YHULILFDVH TXH RV XVXiULRV SHUFHEHP R YDORU GD TXDOLGDGH GD LQIRUPDomR OLJDGR D DWULEXWRV FRPR D UHOHYkQFLD D XWLOLGDGH D DFHVVLELOLGDGH YHORFLGDGHIDFLOLGDGHGHXVRGRVLVWHPDHYHORFLGDGHGHREWHQomR 2 LQVWUXPHQWR XWLOL]DGR QHVWD SHVTXLVD YLVD PHQVXUDU D TXDOLGDGH GDV LQIRUPDo}HVGHXPD7,DWUDYpVGHTXHVW}HVTXHEXVFDPLGHQWLILFDUGHDFRUGRFRPD SHUFHSomRGRVXVXiULRVVHDVLQIRUPDo}HVJHUDGDVVmRGHIiFLOFRPSUHHQVmRGHIiFLO DFHVVRIiFHLVGHVHREWHUVHSRGHPVHUUHFXSHUDGDVFRPIDFLOLGDGHHVHSRGHPVHU UHFXSHUDGDVUDSLGDPHQWH  ,PSDFWRGD7,VREUHD,QRYDomR  . $FDSDFLGDGHGHLQRYDomRpHVVHQFLDOSDUDDVREUHYLYrQFLDGDVRUJDQL]Do}HV. $VVLP D FDSDFLGDGH GH SHUFHSomR FULDomR H GLVVHPLQDomR GH QRYDV WHFQRORJLDV H PpWRGRVGHWUDEDOKRHQFRQWUDPFDGDYH]PDLVHVSDoRVQDVRUJDQL]Do}HVDWXDLV &RQIRUPH 6FKXPSHWHU  DSXG )5(,7$6 &$0326 &$0326 

(75)  D LQRYDomRUHODFLRQDVHFRPDFULDomRGHSURGXWRVVHUYLoRRXSURFHVVRTXHVHMDQRYR HPERUD HVWHMD JHUDOPHQWH DVVRFLDGD D LPSRUWDQWHV DYDQoRV HP SURGXWRV RX SURFHVVRV DPDLRUSDUWH GDV LQRYDo}HV VmR EDVHDGDV QR HIHLWR GH PXGDQoDVRXQD FRPELQDomRFULDWLYDGHWpFQLFDVLGpLDVRXPpWRGRVH[LVWHQWHV $ LQRYDomR SRGH VHU SHUFHELGD HP GLYHUVRV FDPSRV FRPR QDV UHODo}HV GH SURGXomRGHEHQVHVHUYLoRVQDVUHODo}HVGHWUDEDOKRQDVUHODo}HVGHFRPXQLFDomR QDWUDQVPLVVmRGHFRQKHFLPHQWRVQRGHVHQYROYLPHQWRGHQRYDVWHFQRORJLDV6FKPLW] H)RUFHOOLQL 

(76) GHVWDFDPTXHDLQRYDomRGHYHVHUXPDGDVIXQo}HVEiVLFDV GDRUJDQL]DomRSRGHVHUFRQVLGHUDGDLQRYDGRUD  3DUD WDQWR RV DGPLQLVWUDGRUHV GHYHP SUDWLFDU D LQRYDomR GH IRUPD VLVWHPiWLFD WHQGR VHPSUH XP SURFHVVR RUJDQL]DGR TXH VXVWHQWH H DFRPSDQKH D LQRYDomR GHVGH R SODQHMDPHQWR DWp R VHX ODQoDPHQWR H DFRPSDQKDPHQWRQRPHUFDGR$LQRYDomRHVWDUiFRQVROLGDGDVHDJUHJDUGH PDQHLUDDPSODYDORUjVDo}HVGDHPSUHVDLQIOXHQFLDQGRDHFRQRPLDFRPR XPWRGR 6&+0,7=)25&(//,1,S

(77)  .  6HJXQGR 7LGG %HVVDQW H 3DYLWW 

(78)  D JHVWmR GD LQRYDomR FRUUHVSRQGH D DWLYLGDGHVJHUHQFLDLVHWpFQLFDVYROWDGDVSDUDDLPSODQWDomREHPVXFHGLGDGHQRYDV LGpLDV H SUiWLFDV VRE D IRUPD GH QRYRV SURGXWRV H SURFHVVRV FXMD XWLOL]DomR SRGH DFDUUHWDUYDQWDJHQVFRPSHWLWLYDVSDUDDVRUJDQL]Do}HV.

(79) . . 'HVWD IRUPD LQIHUHVH TXH LQRYDomR SRGH VHU FRQVLGHUDGD FRPR D LPSOHPHQWDomR GH QRYDV WpFQLFDV LGpLDV RX PpWRGRV GH JHVWmR FRP UHVXOWDGRV SUiWLFRVFRPRSRUH[HPSORDPHOKRULDGHVHUYLoRVSUHVWDGRVHUHGXomRGHFXVWRV 3DUWLQGR GD LGpLD GH TXH R FRQKHFLPHQWR SRGH VHU XPD GDV IRUPDV SDUD FULDomRGHVROXo}HVLQRYDGRUDVHTXHD7,GHWHUPLQDRPRGRSHORTXDODLQIRUPDomRp DUPD]HQDGD SURFHVVDGD H GLVWULEXtGD p SRVVtYHO GLPHQVLRQDU VH HVVD WHFQRORJLD IDFLOLWD R SURFHVVR GH ³GHVFREULU´ H ³FULDU´ QRYDV LGpLDV SDUD D PHOKRULD GR SURFHVVR SURGXWLYR 3(5(,5$%(&.(5/81$5',

(80)  .  ,PSDFWRGD7,VREUHD3URGXWLYLGDGH.  6HJXQGR3HURWWRQLHWDO 

(81) DSDUWLUGDXWLOL]DomRGD7,DVRSHUDo}HVDQWHV UHDOL]DGDV GH IRUPD PDQXDO SDVVDP D VHU UHDOL]DGDV FRP PDLV YHORFLGDGH H VHJXUDQoD DJLOL]DQGR RV SURFHVVRV H FRQVHTHQWHPHQWH DXPHQWDQGR D SURGXWLYLGDGH $SDODYUDSURGXWLYLGDGHWUDWDGDUHODomRHQWUHDVHQWUDGDVGHUHFXUVRVWUDEDOKR H PDWHULDLV H DV VDtGDV 6HJXQGR 0XNKRSDGK\D\ 5DMLY H 6ULQLYDVDQ  DSXG 3(5(,5$ %(&.(5 /81$5',  S

(82)  ³SDUD VH GHWHFWDU D H[LVWrQFLD GH LQFUHPHQWRV QD SURGXWLYLGDGH GH XPD DSOLFDomR GHYHVH YHULILFDU VH RV EHQHItFLRV SURSRUFLRQDGRVSHORLQYHVWLPHQWRVmRVXSHULRUHVDRVHXFXVWR´'HVVDIRUPDSDUDR DXPHQWR GD SURGXWLYLGDGH RUJDQL]DFLRQDO p QHFHVViULR R DXPHQWR GD GLVWkQFLD H[LVWHQWH HQWUH R VRPDWyULR GR IOX[R GH HQWUDGDV H R VRPDWyULR GR IOX[R GDV VDtGDV 3(5(,5$%(&.(5/81$5',

(83)  1HVWD SHVTXLVD IRL XWLOL]DGR XP LQVWUXPHQWR GHVWLQDGR D PHQVXUDU D SURGXWLYLGDGH DWUDYpV GH TXHVW}HV TXH EXVFDP DYDOLDU VH R VLVWHPD DMXGD D HFRQRPL]DU WHPSR D DXPHQWD D SURGXWLYLGDGH H VH SHUPLWH TXH R XVXiULR H[HFXWH PDLVWUDEDOKRGRTXHVHULDSRVVtYHOID]HUGHRXWUDIRUPD  ,PSDFWRGD7,VREUHR&RQWUROH*HUHQFLDO  6HJXQGR3HUHLUD%HFNHUH/XQDUGL S

(84) D7,RFXSDXPDLPSRUWDQWH IXQomR  QR  SURFHVVR GH FRQWUROH GH XPD HPSUHVD DWUDYpV GD 7, p SRVVtYHO DYDOLDU ³FRLVDVSHVVRDVHDWRVDOpPGLVVRSRGHDGRWDURSRQWRGHYLVWDFRPHUFLDOWpFQLFR.

(85) . . ILQDQFHLUR H GH VHJXUDQoD DXPHQWDQGR D FDSDFLGDGH GH SURFHVVDPHQWR GH GDGRV QHFHVViULRVjJHUDomRGHLQIRUPDo}HV´ . 6HJXQGR 3HUHLUD %HFNHU H /XQDUGL 

(86)  YiULDV SHVTXLVDV IRUDP UHDOL]DGDV. RQGH VH SHUFHEH TXH D 7, SRGH VHU XP LQVWUXPHQWR QR UHIRUoR GH SRVLo}HV GD DWLYLGDGH GH JHVWmR QDV RUJDQL]Do}HV RX VHMD DR LQYpV GH VHU DVVRFLDGD FRP D IOH[LELOLGDGH H D GHVFHQWUDOL]DomR RUJDQL]DFLRQDO HOD VHULD XVDGD QR UHIRUoR GR JHUHQFLDPHQWRFHQWUDOL]DGRHFRQWURODGR . 1R LQVWUXPHQWR GH SHVTXLVD XWLOL]DGR QR SUHVHQWH WUDEDOKR XP GRV IDWRUHV. DYDOLD R JUXSDPHQWR FRQWUROH JHUHQFLDO (VVDV TXHVW}HV VXJHUHP D DYDOLDomR GR FRQWUROHJHUHQFLDODSOLFDQGRDRVUHVSRQGHQWHVTXHVW}HVRXDILUPDo}HVRQGHVHEXVFD VDEHU VH R VLVWHPD VRE DQiOLVH DMXGD D JHUrQFLD D FRQWURODU R SURFHVVR GH WUDEDOKR PHOKRUDRVFRQWUROHVJHUHQFLDLVHDMXGDDJHUrQFLDQRFRQWUROHGRGHVHPSHQKR  ,PSDFWRGD7,VREUHD6DWLVIDomRGRV8VXiULRV  $ PHQVXUDomR GD VDWLVIDomR GR XVXiULR ILQDO HP UHODomR D XP VLVWHPD GH LQIRUPDomR p GHWHUPLQDQWH SDUD TXH R LQYHVWLPHQWR UHDOL]DGR VHMD UHYHUWLGR HP JDQKRVSDUDDRUJDQL]DomRWRUQDQGRSRVVtYHOFRPSUHHQGHUDVPHOKRULDVRULXQGDVGR VLVWHPD H RV UHVXOWDGRV DGTXLULGRV SHOD RUJDQL]DomR %8%$'5$ 0$d$'$ 5,26 

(87)  &DOLVLU H &DOLVLU  DSXG /8&+7 +233(1 0$d$'$  S

(88)  DR HVWXGDUHP D LQIOXrQFLD GH YDULiYHLV QD VDWLVIDomR GRV XVXiULRV DILUPDP TXH ³RV XVXiULRV ILQDLV VH WRUQDULDP PDLV VDWLVIHLWRV FRP RV 6, VH DFUHGLWDVVHP TXH D XWLOL]DomRGRVLVWHPDDXPHQWDULDVHXGHVHPSHQKRHVXDSURGXWLYLGDGH´ 'DQ]LJHU H $QGHURVQ   DSXG /8&+7 +233(1 0$d$'$  S

(89)  DILUPDP TXH RV YDORUHV DVVRFLDGRV FRP D VDWLVIDomR GRV XVXiULRV VmR PXLWDV YH]HV PRGLILFDGRVMXVWDPHQWHSRUFRQWDGRVDWULEXWRVGHXPD7,,WHQVFRPRVDWLVIDomRFRP RWUDEDOKRHPHOKRULDGREHPHVWDUIRUDPDJUHJDGRVDRPRGHORRUDSURSRVWR 2 LPSDFWR GH XPD 7, VREUH GD VDWLVIDomR GRV XVXiULRV p DYDOLDGR QHVWD SHVTXLVD DWUDYpV GH TXHVW}HV TXH EXVFDP LGHQWLILFDU VH R VLVWHPD SRVVXL DV LQIRUPDo}HV TXH RV XVXiULRV QHFHVVLWDP SDUD UHDOL]DU VXDV DWLYLGDGHV GLiULDV GH WUDEDOKRVHPHOKRUDDVDWLVIDomRGRXVXiULRHVHPHOKRUREHPHVWDUQRWUDEDOKR  .

(90) . . ,PSDFWRGD7,VREUHR3URFHVVR'HFLVyULR  &RP D HYROXomR GR SURFHVVR GH JHVWmR RUJDQL]DFLRQDO D DQiOLVH GR SURFHVVR GHFLVyULR YHP VRIUHQGR JUDQGHV DOWHUDo}HV $ LPSUHYLVLELOLGDGH H FRPSOH[LGDGH GR DPELHQWHH[WHUQRjVHPSUHVDVpXPIDWRSHUFHSWtYHOQRGHFRUUHUGDVXOWLPDVGpFDGDV 'XVVDXJHH5DPDQDQWVRD DSXG0$5&29,7&+S

(91) DILUPDPTXH D 7, SRGH LQIOXHQFLDU QDV GHFLV}HV HVWUDWpJLFDV GH XPD RUJDQL]DomR HP WUrV SRQWRV GLVWLQWRV  • $ iUHD TXH D RUJDQL]DomR DWXD VXDV IURQWHLUDV VHJPHQWDomR FUHVFLPHQWR PDWXULGDGHHYDORU • VREUH D FRQFRUUrQFLD PXGDQGR UHJUDV H SURSLFLDQGR R VXUJLPHQWR  RX R GHVDSDUHFLPHQWRGHFRQFRUUHQWHV • VREUH DV DOWHUQDWLYDV GH HVWUDWpJLDV JHQpULFDV OLGHUDQoD HP FXVWRV RX GLIHUHQFLDomR  0DUFRYLWFK S

(92) HQIDWL]DTXH  XPD 7, SRGH DOWHUDU VHQVLYHOPHQWH D IRUPD GH XPD HPSUHVD HQ[HUJDU VHX QHJyFLR H D SDUWLU GDt SURPRYHU  PXGDQoDV FDSD]HV GH DOWHUDU D GLQkPLFD FRQFRUUHQFLDOQXPVHWRUeLQWHUHVVDQWHDVVLQDODUTXHDQRYDWHFQRORJLDSRGH SURSLFLDU JDQKRV GH HILFLrQFLD H UHGXomR GH FXVWRV RX YLDELOL]DU QRYDV PDQHLUDV GH DJUHJDU YDORU DR FOLHQWH HP SURGXWRVVHUYLoRV RIHUHFLGRV SHOD HPSUHVD.  6HJXQGR 3HURWWRQL HWO DO 

(93)  RV VLVWHPDV GH LQIRUPDomR VmR LQGLVSHQViYHLV SDUDRSURFHVVRGHWRPDGDGHGHFLVmRHQWUHWDQWRFDEHUHVVDOWDUTXHVHJXQGR)ORUHV 3HUHLUD%HFNHUH/XQDUGL 

(94) RSURFHVVRGHFLVyULRpXPSURFHVVRFRPSOH[R 3DUD /DXGRQ H /DXGRQ  DSXG 3(5(,5$ %(&.(5 /81$5', 

(95)  XP VLVWHPDGHDSRLRjGHFLVmRpLGHDOQRSURFHVVRGHWRPDGDGHGHFLVmRSRLVRSHUDQXP PRGHOR VLPSOHV SRGH VHU GHVHQYROYLGR UDSLGDPHQWH H SRGH RSHUDU FRP GDGRV OLPLWDGRV 6HJXQGR RV DXWRUHV VLVWHPDV GH LQIRUPDo}HV JHUHQFLDLV GLVSRQLELOL]DP LQIRUPDo}HVTXHSRGHPDMXGDUQDLGHQWLILFDomRGRVSUREOHPDV ,QIHUHVH DVVLP TXH RV HVWXGRV GH LPSDFWR GD 7, DFHUFD GR SURFHVVR GH WRPDGD GH GHFLVmR HQIDWL]DP D LQIOXrQFLD GR FRQWH[WR VRFLRHFRQ{PLFR H SROtWLFR FXOWXUDO QD IRUPD GH FRQVWUXomR H XVR GD UHIHULGD WHFQRORJLD 3(5(,5$ %(&.(5 /81$5',

(96) .

(97) . . ,PSDFWRGD7,VREUHD6HJXUDQoDGD,QIRUPDomR  3DUD /XFKW +RSSHQ H 0DoDGD  S

(98)  ³VHJXUDQoD GD LQIRUPDomR H PHGLGDVGHIHQVLYDVGHYHVHUHQFDUDGRFRPRXPDSDUWHGRHVFRSRRUJDQL]DFLRQDOGH VHJXUDQoDHIHWLYDFRPRSRQWRFKDYHSDUDXPJHUHQFLDPHQWRGHSURFHVVRGHWRPDGD GHGHFLVmRFRQILiYHO´ 6HJXQGR %LUFKDOO HWDO   DSXG /8&+7 +233(1 0$d$'$  S

(99)  DGRomR GHVWD YDULiYHO HVWi QD µ¶UHOHYkQFLD TXH RV DVSHFWRV GH VHJXUDQoD LQIRUPDFLRQDOWrPDVVXPLGRQDVRUJDQL]Do}HVFRPRVXUJLPHQWRHRGHVHQYROYLPHQWR GH QRYDV 7,V¶¶ (VWHV DXWRUHV FRQVLGHUDP D VHJXUDQoD GD LQIRUPDomR FRPR XPD YDQWDJHP FRPSHWLWLYD QmR DSHQDV XPD IRUPD GH SURWHJHU VLVWHPDV GH LQIRUPDomR FRQWUD DWDTXHV RX ³LQYDV}HV´ H[WHUQDV 'HVWH PRGR R HVFRSR VHJXUDQoD GD LQIRUPDomR p FRPSRVWR SRU DVSHFWRV TXH LQFOXHP µ¶FRQILGHQFLDOLGDGH LQWHJULGDGH GLVSRQLELOLGDGH LGHQWLILFDomR DXWHQWLFDomR H QmRUHFXVD¶¶ .29(' HW DO  /$1':(15  :+,70$1  (=,1*($5 HW DO  DSXG /8&+7 +233(10$d$'$S

(100)  6HJXQGR(]LQJHDUGHWDO DSXG/8&+7+233(10$d$'$S

(101)  HVWHV IDWRUHV DVVRFLDP R FRQFHLWR GH VHJXUDQoD GH LQIRUPDomR j ³GHWHUPLQDomR GH FRPRDFRQILDELOLGDGHDVHJXUDQoDHDGLVSRQLELOLGDGHGDVYDQWDJHQVGHLQIRUPDo}HV GD FRPSDQKLD GHYHP VHU JHUHQFLDGDV GH PDQHLUD D SURYHU R PDLRU EHQHItFLR j RUJDQL]DomRHPDOLQKDPHQWRFRPRVREMHWLYRVFRUSRUDWLYRVHDHVWUDWpJLD´ $VVLPFRQVLGHUDQGRRFRQWH[WRGDRUJDQL]DomRHPHVWXGRHDVEDVHVWHyULFDV GHVFULWDVDFLPDpDSUHVHQWDGDDVHJXLUDPHWRGRORJLDXWLOL]DGDQDSHVTXLVD           .

(102) . . 0(72'2/2*,$  6HJXQGR 9HUJDUD 

(103)  p GH IXQGDPHQWDO LPSRUWkQFLD SDUD XPD SHVTXLVD HPStULFD TXH R SHVTXLVDGRU LQIRUPH R TXH SUHWHQGH LQYHVWLJDU H R SRUTXr GH WDO SHVTXLVD7DPEpPDSUHVHQWDUFRQFHLWRVHGHVFUHYHUDSRSXODomRDPRVWUDHVHOHomR GRVVXMHLWRVGHQWUHRXWURVDVSHFWRVUHODFLRQDGRVDRGHVHQKRGHSHVTXLVD 1HVWDHWDSDVmRGHVFULWRVRVDVSHFWRVPHWRGROyJLFRVDGRWDGRVSDUDDYDOLDUR LPSDFWRGHXPVLVWHPDGHWHFQRORJLDGDLQIRUPDomRYROWDGRSDUDRJHUHQFLDPHQWRGH VHUYLoRV GH VD~GH QD SHUFHSomR GRV FOLHQWHV LQWHUQRV GR +RVSLWDO 8QLYHUVLWiULR GH %UDVtOLD +8%

(104)  9DOHGHVWDFDUTXHUHDOL]DomRGDSHVTXLVDIRLSUHFHGLGDGHSUpYLDDXWRUL]DomR RSURMHWRGHSHVTXLVDIRLDSURYDGRSHORVFRPLWrVGHpWLFDGR+8%HGD)DFXOGDGHGH 0HGLFLQDGD8Q% $VHJXLUVmRDSUHVHQWDGRVRVDVSHFWRVPHWRGROyJLFRVGRSUHVHQWHWUDEDOKRR TXHLQFOXLRWLSRGHSHVTXLVDSDUWLFLSDQWHVGDSHVTXLVDLQVWUXPHQWRSURFHGLPHQWRVH DQiOLVHGHGDGRV  7LSRGH3HVTXLVD  . 6HJXQGR9HUJDUD 

(105) pQHVWDHWDSDTXHVHFODVVLILFDDSHVTXLVDTXDQWRDRV. ILQV H TXDQWRV DRV PHLRV H RQGH VHUi GHWDOKDGR VH D SHVTXLVD VHUi TXDOLWDWLYD TXDQWLWDWLYDRXPLVWD 2 PpWRGR GH LQYHVWLJDomR XWLOL]DGR QD SUHVHQWH SHVTXLVD p R TXDQWLWDWLYR DWUDYpVGROHYDQWDPHQWRGHGDGRV VXUYH\

(106) 1RHQWDQWRIRLFULDGRXPFDPSRDRILQDO GR LQVWUXPHQWR GH FROHWD GH GDGRV RQGH RV SDUWLFLSDQWHV SRGHULDP H[SRU OLYUHPHQWH LQIRUPDo}HV TXH MXOJDVVHP UHOHYDQWHV DR DVVXQWR GD SHVTXLVD $ SHUJXQWD DEHUWD p DSHQDVXPHVSDoRSDUDPDQLIHVWDomRGRVVXMHLWRV 6HJXQGR)LQNH.RVHFRII SDSXG*h17+(5S

(107) DSDODYUD VXUYH\ SRGH VHU WUDGX]LGD FRPR XP ³PpWRGR SDUD FROHWDU LQIRUPDo}HV GH SHVVRDV DFHUFD GDV VXDV LGpLDV VHQWLPHQWRV SODQRV FUHQoDV EHP FRPR RULJHQV VRFLDO HGXFDFLRQDOHILQDQFHLUD´ 4XDQWRDRVPHLRVDGRWRXVHDSHVTXLVDELEOLRJUiILFDHGHFDPSR$SHVTXLVD ELEOLRJUiILFDSDUDDYDOLDURLPSDFWRGHXPD7,YROWDGDSDUDJHUHQFLDPHQWRGHVHUYLoRV GH VD~GH QD SHUFHSomR GRV FOLHQWHV LQWHUQRV GR +8% IRL UHDOL]DGD HP SHULyGLFRV.

(108) . . FLHQWtILFRV LPSUHVVRV RX HP PHLR HOHWU{QLFR SDUD IXQGDPHQWDU SDUWH WHyULFD H PHWRGROyJLFDGRHVWXGR 9(5*$5$

(109)  4XDQWR DRV ILQV D TXH VH GHVWLQD D SHVTXLVD UHDOL]DGD FRQIRUPH 9HUJDUD 

(110) pGRWLSRGHVFULWLYDHDSOLFDGD'HVFULWLYDSRLVYLVDFDUDFWHUL]DUDSRSXODomRD VHU HVWXGDGD HVSHFLDOPHQWH TXDQWR jV SHUFHSo}HV H[SHFWDWLYDV H VXJHVW}HV $SOLFDGDSRUTXHpPRWLYDGDSHODQHFHVVLGDGHGHVROXFLRQDUSUREOHPDVUHDLVSRUWDQWR FRPILQDOLGDGHSUiWLFD 9(5*$5$

(111)  7DPEpPpXPDSHVTXLVDGHFDPSRSRLVIRUDPFROHWDGRVGDGRVQDLQVWLWXLomR RQGHRFRUUHRIHQ{PHQRLQYHVWLJDGRFRQIRUPHUHVVDOWD9HUJDUD 

(112)   3RSXODomRH$PRVWUD  $SRSXODomRHVFROKLGDSDUDRSUHVHQWHHVWXGRpFRPSRVWDSHORVFRODERUDGRUHV GR +8% TXH XWLOL]DP R 6LVWHPD *HUHQFLDGRU GH ,QIRUPDo}HV GD 6D~GH GH ,QGLYLGXDO *6:(%

(113)  (VWLPDVH TXH FHUFD GH  FRODERUDGRUHV XWLOL]DP R VLVWHPD UHJXODUPHQWH 'HVVHV IRL H[WUDtGR XPD DPRVWUD SRU FRQYHQLrQFLD GH  FRODERUDGRUHVQDTXDOFRQVWDPLQWHJUDQWHVGDVFDUUHLUDVGHXPKRVSLWDOXQLYHUVLWiULR ³VHUYLGRUHV GD )XQGDomR 8QLYHUVLGDGH GH %UDVtOLD )8%

(114) ´ H SHVVRDO WHUFHLUL]DGR ³SUHVWDGRUHVGHVHUYLoRGR+8%´ (VVD HVFROKD DOpP GH DWHQGHU j GHPDQGD GD TXHVWmR D VHU SHVTXLVDGD p EDVWDQWHFRQYHQLHQWHjRSHUDFLRQDOL]DomRGDPHVPDGHYLGRDIDWRUHVWDLVFRPRDVXD LPSRUWkQFLDSDUDDiUHDGDVD~GHHDIDFLOLGDGHGHREWHQomRGRVGDGRVGHYLGRRIiFLO FRQWDWRGRSHVTXLVDGRUFRPD,QVWLWXLomR 2 PHOKRU GHWDOKDPHQWR GD DPRVWUD GRV HQYROYLGRV QR SURFHVVR GH SHVTXLVD VHUiGHVFULWRDVHJXLUQRFDStWXORGHUHVXOWDGRVHGLVFXVVmR  ,QVWUXPHQWRGH&ROHWDGH'DGRV  . 6HJXQGR *QWKHU 

(115)  R OHYDQWDPHQWR GH GDGRV GHYH REHGHFHU XPD. HVWUXWXUDEiVLFDQDTXDOVHMDLGHQWLILFDomRGRSHVTXLVDGRUHOHJLWLPDomRGRVREMHWLYRV GH SHVTXLVD EHP FRPR D HVWUXWXUD OyJLFD GDV WHPiWLFDV DSUHVHQWDGDV QD FROHWD GH GDGRV.

(116) . . . 1HVWH WUDEDOKR DGRWRXVH XP TXHVWLRQiULR FRP SHUJXQWDV IHFKDGDV HP. OLQJXDJHP DSURSULDGD DRV SDUWLFLSDQWHV H HVWUXWXUDGDV HP XPD HVFDOD WLSR /LNHUW YDULDQGRGHDSRQWRV )RL XWLOL]DGR R TXHVWLRQiULR HODERUDGR SRU /XFKW +RSSHQ H 0DoDGD 

(117)  GHQRPLQDGR$YDOLDomRGR,PSDFWRGD7HFQRORJLDGD,QIRUPDomRQR7UDEDOKR(QWUHRV PRWLYRVGDVHOHomRGHVVHLQVWUXPHQWRGHVWDFDVHTXHHOHVHDGDSWDDRSURSyVLWRGD SHVTXLVD IRL YDOLGDGR H RV IDWRUHV XWLOL]DGRV VmR DGHTXDGRV SDUD D DQiOLVH GR LPSDFWRGD7,HPRUJDQL]Do}HVKRVSLWDODUHV  . 24XDGURDSUHVHQWDRVIDWRUHVHRVUHVSHFWLYRVLWHQVGRTXHVWLRQiULR $QH[R. $

(118)  . )DWRUHV. ,WHQV. 4XDOLGDGHGD,QIRUPDomR. H. ,QRYDomR. H. 3URGXWLYLGDGH. H. &RQWUROH*HUHQFLDO. H. 6DWLVIDomRGR8VXiULR. H. 'HFLVmR. H. 6HJXUDQoDGD,QIRUPDomR. H. 4XDGUR,WHQVGRVIDWRUHVQRTXHVWLRQiULR. .  7DPEpPIRLLQFOXtGRQRTXHVWLRQiULRXPFDPSRRQGHRVUHVSRQGHQWHVSRGHULDP. UHJLVWUDU OLYUHPHQWH LQIRUPDo}HV TXH HQWHQGLDP FRPR UHOHYDQWHV VREUH R DVVXQWR $ SDUWLU GD DQiOLVH GR FRQWH~GR GHVVDV LQIRUPDo}HV IRUDP LGHQWLILFDGDV FDWHJRULDV GH UHVSRVWDV D ILP GH FDUDFWHUL]DU DV SHUFHSo}HV GRV PHVPRV 'HVVD IRUPD R LQVWUXPHQWR EXVFRX FDSWDU DV LQIRUPDo}HV QHFHVViULDV SRU PHLR GH SHUFHSo}HV H[SHFWDWLYDVHVXJHVW}HVDUHVSHLWRGRLPSDFWRGHXPVLVWHPDGHLQIRUPDomRYROWDGR SDUDRJHUHQFLDPHQWRGHVHUYLoRVGHVD~GHQDVDWLYLGDGHVGLiULDVGRVFRODERUDGRUHV GR+8%     .

(119) . . 3URFHGLPHQWRVGH&ROHWDGH'DGRV  6HJXQGR*QWHU 

(120) RVXUYH\pDSOLFDGRSRUPHLRGHTXHVWLRQiULRjVPDLV GLYHUVDV iUHDV GDV FLrQFLDV VRFLDLV H SRGH VHU DGPLQLVWUDGR DWUDYpV GH HQWUHYLVWDV WHOHIRQHPDV RX HP JUXSRV 2 TXHVWLRQiULR WDPEpP DSUHVHQWD XPD VpULH GH YDQWDJHQV HFRQRPL]D WHPSR DWLQJH PDLRU Q~PHUR GH SHVVRDV VLPXOWDQHDPHQWH REWpPUHVSRVWDVPDLVUiSLGDVHPDLVSUHFLVDVKiPDLRUOLEHUGDGHQDVUHVSRVWDVHP UD]mRGRDQRQLPDWRHWF 2SURFHVVRGHFROHWDGHGDGRVFRQVLVWLXQDDSUHVHQWDomRGRTXHVWLRQiULRSHOR SHVTXLVDGRU FRP DV UHVSHFWLYDV LQVWUXo}HV GH SUHHQFKLPHQWR DRV UHVSRQGHQWHV $SyV D GLVWULEXLomR GR TXHVWLRQiULR IRUDP IHLWRV DOJXQV FRPHQWiULRV VREUH R REMHWLYR GR WUDEDOKR DJUDGHFHQGR D FRODERUDomR GR UHVSRQGHQWH 3RVWHULRUPHQWH R TXHVWLRQiULR IRL UHFROKLGR SHOR SUySULR SHVTXLVDGRU GH DFRUGR FRP D GLVSRQLELOLGDGH GRVUHVSRQGHQWHV9DOHGHVWDFDUTXHRSURFHVVRGHFROHWDGHGDGRVRFRUUHXGXUDQWH RPrVGHDEULOGH  $QiOLVHGRV'DGRV  3DUD D DQiOLVHGRVGDGRVIRUDP XWLOL]DGRVRV UHFXUVRVGLVSRQtYHLV QR VRIWZDUH 6WDWLVWLFDO 3DFNDJH IRU WKH 6RFLDO 6FLHQFHV 6366

(121)  YHUVmR  'HQWUH RV UHFXUVRV GLVSRQtYHLV XWLOL]RXVH PpGLDV H GHVYLRV SDGUmR TXH UHWUDWDP RV SHUFHQWXDLV GRV IDWRUHVHVWXGDGRVFRUUHODo}HVHJUiILFRVUHIHUHQWHVDRVGDGRVGHPRJUiILFRV            .

(122) . . 5(68/7$'26(',6&866­2  . 2V UHVXOWDGRV DSUHVHQWDGRV  D VHJXLU IRUDP REWLGRV D SDUWLU GD DSOLFDomR GR. TXHVWLRQiULR HODERUDGR H YDOLGDGR SRU /XFKW +RSSHQ H 0DoDGD 

(123)  GHQRPLQDGR $YDOLDomR GR ,PSDFWR GD 7, QR 7UDEDOKR (VVH TXHVWLRQiULR IRL DSOLFDGR MXQWR DRV FRODERUDGRUHVTXHXWLOL]DPRVLVWHPD*6:(%QR+8% ,QLFLDOPHQWH VmR DSUHVHQWDGDV DV FDUDFWHUtVWLFDV FHQWUDLV GD RUJDQL]DomR GR VLVWHPD*6:(%HSRUILPGRVUHVSRQGHQWHVGRVTXHVWLRQiULRV (PVHJXLGDVmRGHVFULWRVRVUHVXOWDGRVHDVGLVFXVV}HVUHIHUHQWHVjSHVTXLVD TXDQWLWDWLYDHjTXHVWmRTXDOLWDWLYD   &DUDFWHUL]DomR GD ,QVWLWXLomR GR 6LVWHPD *6:(% H GRV 3DUWLFLSDQWHV GD 3HVTXLVD  &DUDFWHUL]DomRGD,QVWLWXLomR  2 +RVSLWDO 8QLYHUVLWiULR GH %UDVtOLD +8%

(124)  LQWHJUDQWH GD UHGH GH KRVSLWDLV XQLYHUVLWiULRVGR0(&WHYHRVHXIXQFLRQDPHQWRDXWRUL]DGRSHOR'HFUHWRQžGH GHIHYHUHLURGH,QLFLDOPHQWHRKRVSLWDOUHFHEHXRQRPHGH+RVSLWDOGR'LVWULWR )HGHUDO 3UHVLGHQWH 0pGLFL +')30

(125)  0XGRX GH QRPH DOJXPDV YH]HV DWp VHU UHFRQKHFLGRSHOR0(&FRPR+RVSLWDO8QLYHUVLWiULR)LQDOPHQWHHPIRLFHGLGRj 8Q%SDVVDQGRDVHFKDPDU+RVSLWDO8QLYHUVLWiULRGH%UDVtOLD +8%

(126)  $VDWLYLGDGHVGHHQVLQRSHVTXLVDHH[WHQVmRSDVVDUDPDUHSUHVHQWDURJUDQGH GLIHUHQFLDO GR KRVSLWDO $VVLP VHX FRPSURPLVVR SULQFLSDO p  IRUPDU SURILVVLRQDLV GD iUHDGHVD~GHDWHQGHQGRDVQHFHVVLGDGHVGDSRSXODomRSURGX]LQGRFRQKHFLPHQWRH GHVHQYROYHQGRQRYDVWHFQRORJLDVDGDSWDGDVjVFDUDFWHUtVWLFDVHH[LJrQFLDVGHQRVVD VRFLHGDGH +8%

(127)  $WXDOPHQWH R KRVSLWDO UHFHEH DOXQRV GRV GLIHUHQWHV FXUVRV GD 8Q% 0HGLFLQD (QIHUPDJHP 2GRQWRORJLD 1XWULomR )DUPiFLD 3VLFRORJLD 6HUYLoR 6RFLDO $GPLQLVWUDomR(GXFDomR$UTXLWHWXUDGHQWUHRXWUDV

(128) R+8%RIHUHFHHVWiJLRVGHSyV JUDGXDomRHGHQtYHOPpGLRHPGLIHUHQWHViUHDV +8%

(129)  2 +8% FRQWDYD HP DEULO GH  FRP  OHLWRV H  VDODV GH DPEXODWyULR 6HX FRUSR FOtQLFR p IRUPDGR SRU GLYHUVRV SURILVVLRQDLV GD iUHD GH VD~GH 2 KRVSLWDO.

(130) . . VHUYH j FRPXQLGDGH GR 'LVWULWR )HGHUDO H GDV FLGDGHV GR HQWRUQR GH %UDVtOLD EHP FRPRRXWURVHVWDGRVVHQGRSRUWDQWRXPKRVSLWDOGHUHIHUrQFLD +8%

(131)   6LVWHPD*HUHQFLDGRUGH,QIRUPDo}HVGD6D~GHGH,QGLYLGXDO*6:(%  2*6:(%pXPVLVWHPDJHUHQFLDGRUGHLQIRUPDo}HVGDVD~GHLQGLYLGXDOTXH JHUHQFLDLQIRUPDo}HVUHIHUHQWHVDRVXVXiULRVGRVLVWHPDGHVD~GHGRTXDOID]SDUWH 2 VLVWHPD IRL LPSODQWDGR QR +8% HP RXWXEUR GH  p WRWDOPHQWH YROWDGR SDUD D ,QWHUQHWSHUPLWLQGRTXHRVSURILVVLRQDLVGDiUHDGHVD~GHSRVVDPDFHVVDURVLVWHPD H H[HFXWDU VXDV DWLYLGDGHV GH TXDOTXHU SRQWR GR SODQHWD LQWHJUDQGR RV UHODFLRQDPHQWRVH[LVWHQWHVHQWUHDJHQGDPHQWRGHFRQVXOWDVDWHQGLPHQWRVFOtQLFRVH SUHVFULomRGHUHFHLWDV YLGH$QH[R%

(132)   &DUDFWHUL]DomRGRV3DUWLFLSDQWHVGD3HVTXLVD  )RUDP VHOHFLRQDGRV  FRODERUDGRUHV GD LQVWLWXLomR SDUD UHVSRQGHU R TXHVWLRQiULR 2 FULWpULR SDUD HVFROKD GHVVD DPRVWUD IRL R SHUtRGR TXH UHVSRQGHQWHV XWLOL]DP R VLVWHPD R SHUtRGR PtQLPR HVWDEHOHFLGR IRL GH XP DQR (VVH SHUtRGR IRL HVWDEHOHFLGR SRLV VH MXOJRX TXH p R WHPSR QHFHVViULR SDUD TXH RV UHVSRQGHQWHV SRVVDP IRUPDU RSLQL}HV FRHVDV HP UHODomR D 7, 9DOH GHVWDFDU TXH GHQWUH RV TXHVWLRQiULRV DSOLFDGRV XP IRL GHVFRQVLGHUDGR SRLV DSUHVHQWDYD PDLV GH  GRV LWHQV QmR UHVSRQGLGRV WRWDOL]DQGR DVVLP XPD DPRVWUD GH  TXHVWLRQiULRV UHVSRQGLGRV 9HULILFRXVHDLQGDDSDUWLUGRVLWHQVGHFDUDFWHUL]DomRGDDPRVWUDTXHGRV UHVSRQGHQWHVVmRGRVH[RIHPLQLQRHGRVH[RPDVFXOLQRHTXHDH[SHULrQFLDPpGLD GHWUDEDOKRGRVUHVSRQGHQWHVQDLQVWLWXLomRHUDGHDQRV (PUHODomRDRWLSRGHYtQFXORFRPDLQVWLWXLomRYHULILFDVHTXHHPUHODomRDRV SDUWLFLSDQWHV GD SHVTXLVD  HUDP SUHVWDGRUHV GH VHUYLoRV GR +8% WUDEDOKDGRUHV HVWHV TXH LQJUHVVDUDP QD LQVWLWXLomR VHP FRQFXUVR S~EOLFR HQTXDQWR DSHQDV  HUDP GH VHUYLGRUHV GD )8% WUDEDOKDGRUHV HVWHV TXH LQJUHVVDUDP QD LQVWLWXLomR DWUDYpVGHFRQFXUVRS~EOLFR 4XDQWRjIDL[DHWiULDGRVUHVSRQGHQWHVSRVVXtDPDWpDQRVGHLGDGH HQTXDQWRSRVVXtDPHQWUHHDQRVSRVVXtDPHQWUHHDQRVH SRVVXtDPHQWUHHDQRVFRPRSRGHVHUREVHUYDGRQR*UiILFR.

(133) . .  )DL[D(WiULD.  . . . .   DWpDQRV.     . . . GHjDQRV GHjDQRV. . . PDLVGHDQRV. .   . GHjDQRV. . . *UiILFR)DL[DHWiULDGRVUHVSRQGHQWHVGRTXHVWLRQiULR . 1R TXH VH UHIHUH DR QtYHO GH HVFRODULGDGH SHUFHEHVH TXH   GRV SDUWLFLSDQWHV GD SHVTXLVD SRVVXLQGR HQVLQR VXSHULRU FRPSOHWR LQFOXVLYH FRP HVSHFLDOL]DomRRXPHVWUDGRFRPRSRGHVHUYLVWRQR*UiILFR . 1tYHOGH(VFRODULGDGH.  . 0HVWUDGR .   . (VSHFLDOL]DomR . ž*UDX . ž*UDX *UDGXDomR. . (VSHFLDOL]DomR. . 0HVWUDGR.  . *UDGXDomR .  . *UiILFR1tYHOGHHVFRODULGDGHGRVUHVSRQGHQWHVGRTXHVWLRQiULR.  (P UHODomR DR FDUJR GRV UHVSRQGHQWHV  HUDP SURILVVLRQDLV OLJDGRV j DVVLVWrQFLD PpGLFD HQTXDQWR  HUDP OLJDGRV j DVVLVWrQFLD HP HQIHUPDJHP OLJDGRVDVHUYLoRVDGPLQLVWUDWLYRVHDRXWURVWLSRVGHVHUYLoRVFRQIRUPH SRGHVHUREVHUYDGRQR*UiILFR.

(134) . . . &DWHJRULDGR&DUJR.   . 2XWURV6HUYLoRV . . $VVLVWrQFLD 0pGLFD $VVLVWrQFLDHP (QI HUPDJHP. . $VVLVWrQFLD0pGLFD $VVLVWrQFLDHP(QI HUPDJHP. . 6HUYLoRV$GPLQLVWUDWLYRV. . 2XWURV6HUYLoRV. . 6HUYLoRV $GPLQLVWUDWLYRV .   . *UiILFR&DWHJRULDGRFDUJRGRVUHVSRQGHQWHVGRTXHVWLRQiULR.  5HVXOWDGRGDVPpGLDVHGHVYLRVSDGUmRGRVIDWRUHVGR0RGHORGH$YDOLDomR GH,PSDFWRGH7,QR7UDEDOKR  )HLWD D FDUDFWHUL]DomR GD ,QVWLWXLomR H GD DPRVWUD VmR DSUHVHQWDGDV D VHJXLU FRQIRUPH D 7DEHOD  DV PpGLDV H GHVYLRV SDGUmR GRV IDWRUHV µ6HJXUDQoD GD ,QIRUPDomR¶ µ&RQWUROH *HUHQFLDO¶ µ4XDOLGDGH GD ,QIRUPDomR¶ µ3URGXWLYLGDGH¶ µ'HFLVmR¶µ6DWLVIDomRGR8VXiULR¶Hµ,QRYDomR¶  7DEHOD±0pGLDHGHVYLRSDGUmRGRVIDWRUHV. )DWRUHV. 0pGLD. 'HVYLR3DGUmR. 6HJXUDQoDGD,QIRUPDomR. . . &RQWUROH*HUHQFLDO. . . 4XDOLGDGHGD,QIRUPDomR. . . 3URGXWLYLGDGH. . . 'HFLVmR. . . 6DWLVIDomRGR8VXiULR. . . ,QRYDomR. . .  'RH[DPHGRVYDORUHVGDVPpGLDVGD7DEHODHFRPEDVHQDHVFDODXWLOL]DGD QR LQVWUXPHQWR GH FROHWD GH GDGRV GD SHVTXLVD YHULILFDVH TXH D PpGLD GDV UHVSRVWDV VLWXRXVH HQWUH QHP SRXFR QHP PXLWR H PXLWR HP UHODomR DR IDWRU.

(135) . . µ6HJXUDQoD GD ,QIRUPDomR¶ PpGLD  GS 

(136)  LQGLFDQGR TXH GH DFRUGR FRP RV UHVSRQGHQWHVRVLVWHPDDSUHVHQWDPXLWDVHJXUDQoDQDVLQIRUPDo}HV(PUHODomRDR IDWRUµ&RQWUROH*HUHQFLDO¶ PpGLDGS

(137) RVUHVSRQGHQWHVFRQVLGHUDUDPTXH R VLVWHPD DXPHQWD QHP SRXFR QHP PXLWR R FRQWUROH JHUHQFLDO VREUH DV VXDV DWLYLGDGHV 2 IDWRU µ4XDOLGDGH GD ,QIRUPDomR¶ DSUHVHQWRX PpGLD  GS 

(138)  LQGLFDQGR TXH VHJXQGR RV UHVSRQGHQWHV R VLVWHPD SRVVXL QHP SRXFD QHP PXLWD TXDOLGDGHGHLQIRUPDomR2VUHVSRQGHQWHVWDPEpPFRQVLGHUDUDPTXHHPUHODomRDRV IDWRUHV µ3URGXWLYLGDGH¶ PpGLD  GS 

(139)  H µ'HFLVmR¶ PpGLD  GS 

(140)  R VLVWHPD *6:(% DSUHVHQWD QHP SRXFR QHP PXLWR LPSDFWR HP VXDV DWLYLGDGHV GLiULDV3RUILPHPUHODomRDRVIDWRUHVµ6DWLVIDomRGR8VXiULR¶ PpGLDGS

(141)  H µ,QRYDomR¶ PpGLD  GS 

(142)  RV UHVSRQGHQWHV DYDOLDUDP TXH R VLVWHPD *6:(% DSUHVHQWD HQWUH SRXFR H QHP SRXFR QHP PXLWR LPSDFWR VREUH DV VXDV DWLYLGDGHVGLiULDVQRWUDEDOKR 2V GHVYLRVSDGUmR GRV IDWRUHV ILFDUDP UHODWLYDPHQWH SUy[LPRV j H[FHomR GDTXHOH UHODFLRQDGR j µ4XDOLGDGH GD ,QIRUPDomR¶ GHVYLRSDGUmR GH 

(143)  R TXH GHPRQVWUD XPD PDLRU XQDQLPLGDGH QD DYDOLDomR GRV UHVSRQGHQWHV HP UHODomR DRV RXWURVIDWRUHV 6DOLHQWDVHTXHRIDWRUµSURGXWLYLGDGH¶DSHVDUGDWHUREWLGR PpGLDGH

(144) WHYH RPDLVDOWRGHVYLRSDGUmRVLJQLILFDQGRPDLRUYDULDELOLGDGHGDVUHVSRVWDVGRVVXMHLWRV HPUHODomRjPpGLD . $ VHJXLU VHUmR DQDOLVDGDV DV PpGLDV H GHVYLRV SDGUmR GH FDGD LWHP GR. TXHVWLRQiULRDILPGHPHOKRUUHWUDWDUDVUHVSRVWDV 2 IDWRU µ6HJXUDQoD GD ,QIRUPDomR¶ EXVFD D DYDOLDomR GRV UHVSRQGHQWHV D UHVSHLWR GR LPSDFWR GR VLVWHPD *6:(% TXDQWR j SURWHomR FRQWUD DFHVVRV QmR DXWRUL]DGRVVHJXUDQoDGRVGDGRVHFRQWUROHGHVHQKDV  7DEHOD±(VWDWtVWLFDGHVFULWLYDGRVLWHQVTXHFRPS}HPRIDWRU6HJXUDQoDGD,QIRUPDomR 6HJXUDQoDGD,QIRUPDomR 1~PHURGH2FRUUrQFLDV  ,WHP. $ILUPDomR. . . . . . 0pGLD. '3. . (VWHVLVWHPDWHPXPFRQWUROHGHVHQKDV DGHTXDGRHVHJXUR. . . . . . . . . (VWH VLVWHPD SURWHJH RV GDGRV FRQWUD DFHVVRVQmRDXWRUL]DGRV. . . . . . . . . (VWH VLVWHPD DXPHQWD D VHJXUDQoD GRV GDGRVGRVFOLHQWHV. . . . . . . . . . 0pGLDGRIDWRU6HJXUDQoDGD,QIRUPDomR.

(145) . . 9HULILFDVHTXHRLWHPTXHpRTXHPDLVVHDSUR[LPDGHPXLWR PpGLD GS 

(146)  LQGLFDQGR TXH VHJXQGR RV UHVSRQGHQWHV R VLVWHPD DSUHVHQWD XP FRQWUROH GHVHQKDVPXLWRVHJXUR4XDQWRDRVLWHQV PpGLDGS

(147)  PpGLD GS

(148) HYHULILFDVHTXHHPPpGLDRVUHVSRQGHQWHVFRQVLGHUDPTXHRVLVWHPD *6:(%SRVVXLQHPSRXFDQHPPXLWDVHJXUDQoDFRQWUDDFHVVRVQmRDXWRUL]DGRVH DXPHQWD QHP SRXFR QHP PXLWR D VHJXUDQoD GRV GDGRV GRV FOLHQWHV &RPR SRGH VHU REVHUYDGR D PDLRU TXDQWLGDGH GH UHVSRVWDV GR IDWRU 6HJXUDQoD GD ,QIRUPDomR HVWmR VLWXDGDV QR QtYHO  GD HVFDOD XWLOL]DGD QR LQVWUXPHQWR GH FROHWD GH GDGRV &RQIRUPH RV UHVXOWDGRV DSUHVHQWDGRV SDUD RV LWHQV TXH FRPS}HP R SUHVHQWH IDWRU HYLGHQFLDVH TXH QD SHUFHSomR GRV UHVSRQGHQWHV R VLVWHPD *6:(% HVWi HP FRQIRUPLGDGH FRP RV DVSHFWRV FRPS}HP R IDWRU µ6HJXUDQoD GD ,QIRUPDomR¶ HVVHV DVSHFWRVVmRFRQILGHQFLDOLGDGHLQWHJULGDGHLGHQWLILFDomRDXWHQWLFDomRHQmRUHFXVD WRUQDQGRDVHJXUDQoDGDLQIRUPDomRXPDYDQWDJHPFRPSHWLWLYD .29('HWDO /$1':(15  :+,70$1  (=,1*($5 HW DO  DSXG /8&+7 +233(10$d$'$S

(149)  2 IDWRU µ&RQWUROH *HUHQFLDO¶ EXVFD DYDOLDU D SHUFHSomR GRV UHVSRQGHQWHV D UHVSHLWRGRVXSRUWHSURSRUFLRQDGRSHORVLVWHPD*6:(%TXDQWRjPHOKRULDQRFRQWUROH JHUHQFLDO  7DEHOD±(VWDWtVWLFDGHVFULWLYDGRVLWHQVTXHFRPS}HPRIDWRU&RQWUROH*HUHQFLDO &RQWUROH*HUHQFLDO 1~PHURGH2FRUUrQFLDV. . ,WHP. $ILUPDomR. . . . . . 0pGLD. '3. . (VWH VLVWHPD DMXGD D $GPLQLVWUDomR D FRQWURODURVSURFHVVRVGHWUDEDOKR. . . . . . . . . (VWH VLVWHPD PHOKRUD R FRQWUROH JHUHQFLDOGDVWDUHIDVH[HFXWDGDV. . . . . . . . . (VWH VLVWHPD DX[LOLD D $GPLQLVWUDomR D FRQWURODURGHVHPSHQKRGRWUDEDOKR. . . . . . . . . . 0pGLDGRIDWRU&RQWUROH*HUHQFLDO 1RWD(PXPGRVTXHVWLRQiULRVGHYROYLGRVRLWHPHVWDYDVHPPDUFDomR . $QDOLVDQGR RV LWHQV  PpGLD  GS

(150)   PpGLD  GS

(151)  H  PpGLD  GS

(152)  7DEHOD  YHULILFDVH TXH HP PpGLD RV UHVSRQGHQWHV FRQVLGHUDP TXH R VLVWHPD *6:(% PHOKRUD QHP SRXFR QHP PXLWR D JHUHQFLD H FRQWUROH GRV SURFHVVRV GH WUDEDOKR GDV WDUHIDV H[HFXWDGDV H R FRQWUROH GR GHVHPSHQKRGRWUDEDOKRFRPPDLRUTXDQWLGDGHGHUHVSRVWDVVLWXDGDVQRQtYHO.

(153) . . $ SHUFHSomR DSUHVHQWDGD SHORV UHVSRQGHQWHV HP UHODomR DR LPSDFWR GR VLVWHPDSDUDRIDWRUµ&RQWUROH*HUHQFLDO¶YHPDRHQFRQWURGDLQYHVWLJDomRGH3HUHLUD %HFNHUH/XQDUGL 

(154) QDTXDORVDXWRUHVDILUPDPTXHSHVTXLVDVLQGLFDPTXHD7, SRGH VHU XP LQVWUXPHQWR QR UHIRUoR GH SRVLo}HV GD DWLYLGDGH GH JHVWmR QDV RUJDQL]Do}HVSRGHQGRVHUXVDGDQRJHUHQFLDPHQWRFHQWUDOL]DGRHFRQWURODGR 2IDWRUµ4XDOLGDGHGD,QIRUPDomR¶YLVDjDYDOLDomRGRVUHVSRQGHQWHVDUHVSHLWR GR LPSDFWR GR VLVWHPD *6:(% HP UHODomR j IDFLOLGDGH GH UHFXSHUDomR GH LQIRUPDo}HV YHORFLGDGH GH UHFXSHUDomR GH LQIRUPDo}HV D IDFLOLGDGH GH DFHVVRV D LQIRUPDo}HVHDIDFLOLGDGHGHFRPSUHHQVmRHDREWHQomRGHLQIRUPDo}HV  7DEHOD±(VWDWtVWLFDGHVFULWLYDGRVLWHQVTXHFRPS}HPRIDWRU4XDOLGDGHGD,QIRUPDomR 4XDOLGDGHGD,QIRUPDomR 1~PHURGH2FRUUrQFLDV  ,WHP. $ILUPDomR. . . . . . 0pGLD. '3. . 1HVWH VLVWHPD DV LQIRUPDo}HV JHUDGDV VmRGHIiFLOFRPSUHHQVmR. . . . . . . . . $V LQIRUPDo}HV VmR GH IiFLO DFHVVR QHVWHVLVWHPD. . . . . . . . . 1HVWHVLVWHPDDVLQIRUPDo}HVVmRIiFHLV GHVHREWHU. . . . . . . . . $V LQIRUPDo}HV SRGHP VHU UHFXSHUDGDV FRPIDFLOLGDGHQHVWHVLVWHPD. . . . . . . . . 1HVWH VLVWHPD DV LQIRUPDo}HV SRGHP VHUUHFXSHUDGDVUDSLGDPHQWH. . . . . . . . . . 0pGLDGRIDWRU4XDOLGDGHGD,QIRUPDomR.  9HULILFDVHQD7DEHODTXHHPUHODomRjDILUPDomR PpGLDGS

(155)  RV VXMHLWRV FRQVLGHUDP QHP SRXFR QHP PXLWR D IDFLOLGDGH GH FRPSUHHQVmR GDV LQIRUPDo}HV JHUDGDV SHOR VLVWHPD $ DILUPDomR  PpGLD  GS 

(156)  REWHYH D DYDOLDomRGRVVXMHLWRVFRPRVHQGRQHPSRXFRQHPPXLWRDIDFLOLGDGHGHDFHVVRD LQIRUPDo}HV QR VLVWHPD 1D DILUPDomR  PpGLD  GS 

(157)  RV UHVSRQGHQWHV DYDOLDUDPTXHQRVLVWHPDDVLQIRUPDo}HVJHUDGDVVmRQHPSRXFRQHPPXLWRIiFHLV GH VH REWHU (P UHODomR j DILUPDomR  PpGLD  GS 

(158)  DV UHVSRVWDV GRV UHVSRQGHQWHVWDPEpPVHVLWXDUDPHPQHPSRXFRQHPPXLWRTXDQWRjIDFLOLGDGHGH UHFXSHUDomR GH LQIRUPDo}HV QR VLVWHPD -i SDUD D DILUPDomR  PpGLD  GS 

(159)  RV UHVSRQGHQWHV FRQVLGHUDUDP HQWUH SRXFD H QHP SRXFD QHP PXLWD D YHORFLGDGHGHUHFXSHUDomRGHLQIRUPDo}HVQRVLVWHPD*6:(% 2EVHUYDVH WDPEpP TXH HPERUD RV VXMHLWRV FRQVLGHUHP TXH DV LQIRUPDo}HV VmRGHIiFLOFRPSUHHQVmR LWHP

(160) HODVQmRVmRIDFLOPHQWHUHFXSHUDGDV LWHP

(161) .

(162) . . &RPR FLWDGR SRU 2OHWR 

(163)  D TXDOLGDGH GD LQIRUPDomR DWULEXL DOJXPDV GLPHQV}HV UHODFLRQDGDV j DFHVVLELOLGDGH IDFLOLGDGH GH XVR GR VLVWHPD H YHORFLGDGH FRPTXHRVXVXiULRVREWrPDVLQIRUPDo}HV'HVVDIRUPDYHULILFDVHTXHHPUHODomR DRIDWRU4XDOLGDGHGD,QIRUPDomRRVUHVSRQGHQWHVLQGLFDUDPTXHRVLVWHPD*6:(% DSUHVHQWD GHILFLrQFLDV UHIHUHQWHV j YHORFLGDGH H IDFLOLGDGH GH UHFXSHUDomR GH LQIRUPDo}HV FRPRSRGH VHUREVHUYDGRDWUDYpV GDV PpGLDVGDVDILUPDo}HV  H DVPpGLDVPDLVEDL[DVGRVLWHQVTXHFRPS}HPRIDWRU 2 IDWRU µ3URGXWLYLGDGH¶ EXVFD D DYDOLDomR GRV UHVSRQGHQWHV D UHVSHLWR GR GHVHPSHQKR GR VLVWHPD *6:(% TXDQWR j HFRQRPLD GH WHPSR PHOKRULD GH SURGXWLYLGDGHHYROXPHGHWUDEDOKRH[HFXWDGR  7DEHOD±(VWDWtVWLFDGHVFULWLYDGRVLWHQVTXHFRPS}HPRIDWRU3URGXWLYLGDGH 3URGXWLYLGDGH 1~PHURGH2FRUUrQFLDV. . ,WHP. $ILUPDomR. . . . . . 0pGLD. '3. . (VWH VLVWHPD DMXGD D HFRQRPL]DU WHPSR QDH[HFXomRGDVPLQKDVWDUHIDV. . . . . . . . . (VWH VLVWHPD SURGXWLYLGDGH. . . . . . . . . (VWH VLVWHPD SRVVLELOLWD H[HFXWDU PDLV WDUHIDVGRTXHVHULDSRVVtYHOVHPHOH. . . . . . . . . . PHOKRUD. PLQKD. 0pGLDGRIDWRU3URGXWLYLGDGH.  &RQIRUPH YLVWR DQWHULRUPHQWH VHJXQGR 3HURWWRQL HW DO 

(164)  D SDUWLU GD XWLOL]DomR GD 7, SDVVDP D VHU UHDOL]DGDV FRP PDLV YHORFLGDGH DJLOL]DQGR RV SURFHVVRV H FRQVHTHQWHPHQWH DXPHQWDQGR D SURGXWLYLGDGH (QWUHWDQWR D SDUWLU GD DQiOLVHGD7DEHODYHULILFDVHTXHHPUHODomRjDILUPDomR PpGLDGS

(165)  RV UHVSRQGHQWHV FRQVLGHUDUDP TXH R VLVWHPD DMXGD QHP SRXFR QHP PXLWR QD HFRQRPLDGHWHPSRGHVXDVWDUHIDVFRPPDLRUTXDQWLGDGHGHUHVSRVWDVQRQtYHO$ DILUPDomR  PpGLD  GS 

(166)  LQGLFD TXH R VLVWHPD *6:(% DXPHQWD QHP SRXFR QHP PXLWR D SRVVLELOLGDGH GRV UHVSRQGHQWHV HODERUDU PDLV WUDEDOKR GR TXH GHRXWUDIRUPD3RUILPGHVFUHYHVHDDILUPDomR PpGLDGS

(167) REWHYHD FODVVLILFDomR QHP SRXFR QHP PXLWR TXDQWR R DXPHQWR GD SURGXWLYLGDGH  GRV UHVSRQGHQWHVDWUDYpVGRXVRGRVLVWHPD 2 IDWRU µ'HFLVmR¶ EXVFD DYDOLDU VHJXQGR D SHUFHSomR GRV UHVSRQGHQWHV R LPSDFWR GR VLVWHPD *6:(% HP UHODomR DR DX[LOLR D WRPDGD GH GHFLVmR DRV.

(168) . . SURFHVVRVGHWRPDGDGHGHFLVmRHDFRQILDELOLGDGHGDVLQIRUPDo}HVGRVLVWHPDSDUD DX[LOLRDWRPDGDGHGHFLVmR  7DEHOD±(VWDWtVWLFDGHVFULWLYDGRVLWHQVTXHFRPS}HPRIDWRU'HFLVmR 'HFLVmR 1~PHURGH2FRUUrQFLDV ,WHP  . $ILUPDomR 1HVWH VLVWHPD DV LQIRUPDo}HV JHUDGDV VmR FRQILiYHLVDX[LOLDQGRQDWRPDGDGHGHFLVmR 1HVWH VLVWHPD DV LQIRUPDo}HV JHUDGDV DX[LOLDP RV WRPDGRUHV GH GHFLVmR QD UHVROXomRGHSUREOHPDV. . . . . . . 0pGLD. '3. . . . . . . . . . . . . . . . 1HVWH VLVWHPD DV LQIRUPDo}HV JHUDGDV DX[LOLDPQDWRPDGDGHGHFLVmR. . . . . . . . . (VWH VLVWHPD PHOKRURX RV SURFHVVRV GH WRPDGDGHGHFLVmR. . . . . . . . . . 0pGLDGRIDWRU'HFLVmR. . 6HJXQGR /DXGRQ H /DXGRQ  DSXG 3(5(,5$ %(&.(5 /81$5', 

(169)  XP VLVWHPD GH DSRLR j GHFLVmR GLVSRQLELOL]D XPD VpULH GH LQIRUPDo}HV GHWDOKDGDV TXH SRGHP DMXGDU QD UHVROXomR GH SUREOHPDV (QWUHWDQWR YHULILFDVH QD 7DEHOD  TXH HP UHODomR j DILUPDomR  PpGLD  GS 

(170)  RV UHVSRQGHQWHV FRQVLGHUDUDP TXH R VLVWHPD DX[LOLD QHP SRXFR QHP PXLWR RV WRPDGRUHVGHGHFLVmRQDUHVROXomRGHSUREOHPDV$VDILUPDo}HV PpGLD GS 

(171)  H  PpGLD  GS 

(172)  VHJXQGR DYDOLDomR GRV UHVSRQGHQWHV FDXVDP QHP SRXFR QHP PXLWR LPSDFWR TXDQWR DR DX[LOLR GDV LQIRUPDo}HV JHUDGDVQDWRPDGDGHGHFLVmRHDPHOKRUDGRVSURFHVVRVGHGHFLVmR-iSDUDD DILUPDomR  PpGLD  GS 

(173)  RV UHVSRQGHQWHV DYDOLDUDP TXH DV LQIRUPDo}HVJHUDGDVVmRPXLWRFRQILiYHLVSDUDRDX[LOLRDWRPDGDGHGHFLVmR (PERUD KDMD FRQILDELOLGDGH RV SURFHVVRV GH WRPDGD GH GHFLVmR QmR IRUDP DSULPRUDGRV D SDUWLU GD XWLOL]DomR GR VLVWHPD 'HVVD IRUPD YHULILFDVH TXH VHJXQGR D SHUFHSomR GRV UHVSRQGHQWHV R VLVWHPD *6:(% QmR SURSRUFLRQD GH IRUPDHILFLHQWHWRGRVRVDVSHFWRVTXHFRPS}HPRSURFHVVRGHFLVyULR 2IDWRUµ6DWLVIDomRGR8VXiULR¶YLVDDYDOLDUDSHUFHSomRGRVUHVSRQGHQWHVD UHVSHLWR GR QtYHO GH VDWLVIDomR GRV PHVPRV HQTXDQWR XVXiULRV GR VLVWHPD *6:(%  .

(174) . . 7DEHOD±(VWDWtVWLFDGHVFULWLYDGRVLWHQVTXHFRPS}HPRIDWRU6DWLVIDomRGR8VXiULR 6DWLVIDomRGR8VXiULR 1~PHURGH2FRUUrQFLDV. . ,WHP. $ILUPDomR. . . . . . 0pGLD. '3. . (VWH VLVWHPD WHP DV LQIRUPDo}HV GH TXH QHFHVVLWR. . . . . . . . . (VWH VLVWHPD PHOKRUD PLQKD VDWLVIDomR FRPRWUDEDOKR. . . . . . . . . (VWH VLVWHPD PHOKRUD PHX EHPHVWDU QR WUDEDOKR. . . . . . . . . . 0pGLDGRIDWRU6DWLVIDomRGR8VXiULR.  &RPR SRGH VHU REVHUYDGR QD 7DEHOD  RV UHVSRQGHQWHV DYDOLDUDP TXH HP UHODomR DV DILUPDo}HV  PpGLD  GS 

(175)  H  PpGLD  GS 

(176)   R VLVWHPD *6:(% PHOKRUD HQWUH SRXFR H QHP SRXFR QHP PXLWR D VDWLVIDomR H R EHPHVWDUGRVPHVPRVQRWUDEDOKR(PUHODomRjDILUPDomR PpGLDGS

(177)  RV UHVSRQGHQWHV DYDOLDUDP TXH R VLVWHPD SRVVXL QHP SRXFDV QHP PXLWDV LQIRUPDo}HVTXHQHFHVVLWDPSDUDDH[HFXomRGHVHXVWUDEDOKRV 'D DQiOLVH GRV LWHQV GR IDWRU µ3URGXWLYLGDGH¶ PpGLD  GS 

(178)  UHODFLRQDGRVDRVLWHQVGRIDWRUµ6DWLVIDomRGR8VXiULR¶ PpGLDGS

(179) REVHUYD VH RV YDORUHV GDV PpGLDV VmR PXLWR SUy[LPRV VXS}HVH DVVLP TXH RV UHVXOWDGRV REWLGRV HVWmR HP FRQIRUPLGDGH FRP D DILUPDomR GH &DOLVLU H &DOLVLU  DSXG /8&+7+233(10$d$'$

Referências

Documentos relacionados

(VWD SHVTXLVD WHYH FRPR REMHWLYR DYDOLDU SRU PpWRGRV KLVWROyJLFRV WRPRJUiILFRV H ItVLFRV R HIHLWR GR ODVHU GH EDL[D SRWrQFLD ///7 ± QP QR RVVR QHRIRUPDGR

Existem diversos fatores ambientais que também podem influenciar e contribuir para o desenvolvimento de comportamentos de bullying, que incluí a inexistência ou baixa

$ GHPDQGD FUHVFHQWH SRU HQHUJLD H VHX FRQVHTXHQWH LPSDFWR WRUQD R XVR GH HQHUJLDV UHQRYiYHLV XPD RSomR HVWUDWpJLFD FRPR RV ELRFRPEXVWtYHLV HP DSOLFDo}HV GH

$R PHX SDL GH TXHP PH UHFRUGR FRPR XP KRPHP ERQLWR FKDUPRVR H WUDEDOKDGRU TXH PRUUHX DRV DQRV GH LGDGH PDV TXH IRL PXLWR SUHVHQWH HP PLQKD YLGD XPD YH] TXH GHOH PH UHFRUGR SHJDQGR

Bento Pereira apresenta uma lista de autores e obras em língua portuguesa, de vários pendores: religioso, enciclopédico, dicionarístico, e literário.A escolha destas obras

A presente dissertação permitiu averiguar que a intervenção urbanística efetuada na Praça do Toural e envolvente contribui para a diminuição do fluxo de tráfego praticamente em

2VFORQHVSODQWDGRVQDUHJLmROLWRUkQHDGH6mR3DXOR WDPEpPGHYHPSRVVXLUUHVLVWrQFLDDRPDOGDVIROKDVDJLQGR FRPR XP VHJXQGR IDWRU SDUD UHGX]LU R QtYHO GH LQIHFomR FRPR IRL R FORQH ); QR

Three years after the experiment was set up, in the soil tillage treatment weed composition was dominated by annual broad-leaved species, namely five Geraniaceae species,