DOEPE 09/07/2015 - Pág. 19 - Poder Executivo - Diário Oficial do Estado de Pernambuco
Recife, 9 de julho de 2015
Diário Oficial do Estado de Pernambuco - Poder Executivo
Ano XCII • NÀ 127 - 19
50%&%,6$&13-1±5HODWyULRGD'LUHWRULD±6HQKRUHV$FLRQLVWDV HPFXPSULPHQWRDRVSUHFHLWRVOHJDLVH $SyVDDSOLFDomRGRPpWRGRGDHTXLYDOrQFLDSDWULPRQLDOD&RPSDQKLDGHWHUPLQDVHpQHFHVViULRUHFRQKHFHUSHUGDDGLFLRQDOGRYDORU
HVWDWXWiULRV VXEPHWHPRV j DSUHFLDomR GH 96DV DV 'HPRQVWUDo}HV &RQWiEHLV UHIHUHQWHV DR H[HUFtFLR VRFLDO ILQGR HP UHFXSHUiYHOVREUHRLQYHVWLPHQWRGD&RPSDQKLDHPVXDFRQWURODGD$&RPSDQKLDGHWHUPLQDHPFDGDGDWDGHIHFKDPHQWRGREDODQoR
SDWULPRQLDOVHKiHYLGrQFLDREMHWLYDGHTXHRVLQYHVWLPHQWRVQDVFRQWURODGDVVRIUHUDPSHUGDVSRUUHGXomRDRYDORUUHFXSHUiYHO6HDVVLP
SHUPDQHFHQGRjGLVSRVLomRSDUDSUHVWDURVHVFODUHFLPHQWRVQHFHVViULRV5HFLIH3($'LUHWRULD
IRUD&RPSDQKLDFDOFXODRPRQWDQWHGDSHUGDSRUUHGXomRDRYDORUUHFXSHUiYHOFRPRDGLIHUHQoDHQWUHRYDORUUHFXSHUiYHOGDVFRQWURODGDVH
'HPRQVWUDo}HVGRVIOX[RVGHFDL[DH[HUFtFLRVILQGRVHPGH
RYDORUFRQWiELOHUHFRQKHFHRPRQWDQWHQDGHPRQVWUDomRGRUHVXOWDGR1RVSHUtRGRVUHODWLYRVDRVH[HUFtFLRVILQGRHPGHGH]HPEURGH
%DODQoRVSDWULPRQLDLVGHGH]HPEURGHH
GH]HPEURGHH (PPLOKDUHVUHDLV
(PPLOKDUHVGHUHDLV
HD$GPLQLVWUDomRGD&RPSDQKLDQmRLGHQWLILFRXHYLGrQFLDVTXHUHTXHUHVVHPRUHFRQKHFLPHQWRQRUHVXOWDGRGHSHUGDSRU
UHGXomRDRYDORUUHFXSHUiYHOGRVHXLQYHVWLPHQWRHPFRQWURODGD3URYLV}HV$&RPSDQKLDQmRSRVVXLFRQWLQJrQFLDVFXMDDYDOLDomRGDV
)OX[RGHFDL[DGDVDWLYLGDGHVRSHUDFLRQDLV
1RWD
H[SHFWDWLYDVGHSHUGDVGHVHXVDVVHVVRUHVMXUtGLFRVVHMD³SURYiYHO´ $VVLPQHQKXPDSURYLVmRSDUDFRQWLQJrQFLDIRLFRQVWLWXtGD
3ULQFLSDLVIRQWHVGHMXOJDPHQWRVHHVWLPDWLYDV1DSUHSDUDomRGDVGHPRQVWUDo}HVFRQWiEHLVGHDFRUGRFRPDV1RUPDV%UDVLOHLUDVGH
/XFURGRSHUtRGR
$WLYR
$MXVWHVSDUDFRQFLOLDUROXFURGRSHUtRGRjV
&LUFXODQWH
&RQWDELOLGDGHHGLWDGDVSHOR&RQVHOKR)HGHUDOGH&RQWDELOLGDGHpUHTXHULGRTXHD$GPLQLVWUDomRIDoDMXOJDPHQWRVHVWLPDWLYDVHSUHPLVVDV
GLVSRQLELOLGDGHVJHUDGDVSHODVDWLYLGDGHV
&DL[DH(TXLYDOHQWHVGH&DL[D
TXHDIHWDPDDSOLFDomRGHSROtWLFDVFRQWiEHLVHRVYDORUHVUHSRUWDGRVGHDWLYRVSDVVLYRVUHFHLWDVHGHVSHVDV2VUHVXOWDGRVUHDLVSRGHP
GLYHUJLUGHVVDVHVWLPDWLYDV(VWLPDWLYDVHSUHPLVVDVVmRUHYLVWRVGHXPDPDQHLUDFRQWtQXD$VUHYLV}HVGDVHVWLPDWLYDVVmRUHFRQKHFLGDV
RSHUDFLRQDLV
'LYLGHQGRVDUHFHEHU
SURVSHFWLYDPHQWH
5HVXOWDGRGHHTXLYDOrQFLDSDWULPRQLDO
$GLDQWDPHQWRDIRUQHFHGRU
7RWDOGRDWLYRFLUFXODQWH
'LYLGHQGRVDUHFHEHU(PGHGH]HPEURGHD&RPSDQKLD 3DWULP{QLR OtTXLGR D &DSLWDO VRFLDO 2 FDSLWDO VRFLDO
'HFUpVFLPRVGHDWLYRV
DSUHVHQWDXPVDOGRGHGLYLGHQGRVDUHFHEHUQRPRQWDQWHGH5 VXEVFULWRHLQWHJUDOL]DGRHPGHGH]HPEURGHHpGH
$GLDQWDPHQWRDIRUQHFHGRU
1mRFLUFXODQWH
5 2 UHIHULGR VDOGR FRUUHVSRQGH DR VDOGR UHVLGXDO GH 5GLYLGLGRHP Do}HVRUGLQiULDVWRGDVFRPYDORU
&DL[DOtTXLGRDSOLFDGRQDVDWLYLGDGHVRSHUDFLRQDLV
,QYHVWLPHQWR
GLYLGHQGRVGLVWULEXtGRVHPH[HUFtFLRVDQWHULRUHVHDRYDORUDUHFHEHUGRV QRPLQDOGH5 FDGDE 'HVWLQDomRGRVOXFURV'HDFRUGR
7RWDOGRDWLYRQmRFLUFXODQWH
GLYLGHQGRV PtQLPRV REULJDWyULRV GLVWULEXtGRV SHOD FRQWURODGD QR FRP R (VWDWXWR GD &RPSDQKLD p DVVHJXUDGR DRV DFLRQLVWDV
)OX[RGHFDL[DGDVDWLYLGDGHVGHLQYHVWLPHQWRV
7RWDOGRDWLYR
GLYLGHQGR PtQLPRREULJDWyULR GHVREUHROXFUROtTXLGRGR
H[HUFtFLRGH
'LYLGHQGRVUHFHELGRV
SHUtRGR DMXVWDGR QD IRUPD GD /HL FRQIRUPH GHPRQVWUDGR D
&DL[DOtTXLGRJHUDGRSHODVDWLYLGDGHVGH
VHJXLU
6DOGRGHGLYLGHQGRVGLVWULEXtGRVHPDQRV
LQYHVWLPHQWRV
3DVVLYR
DQWHULRUHVQmRUHFHELGRV
&LUFXODQWH
)OX[RGHFDL[DGDVDWLYLGDGHVGHILQDQFLDPHQWRV
'LYLGHQGRVSURSRVWRVHDSDJDU
/XFURGRSHUtRGR
'LYLGHQGRVGLVWULEXtGRVSHODFRQWURODGDQRDQR
&DSWDomRGHP~WXRVFRPSDUWHVUHODFLRQDGDV
7RWDOGRSDVVLYRFLUFXODQWH
'LYLGHQGRVUHFHELGRVQRDQR
&DL[DOtTXLGRJHUDGRSHODVDWLYLGDGHVGH
'LYLGHQGRVPtQLPRVREULJDWyULRV
6DOGRGHGLYLGHQGRVDUHFHEHU
ILQDQFLDPHQWRV
1mRFLUFXODQWH
3DUWHVUHODFLRQDGDV
,QYHVWLPHQWRV
7RWDOGRSDVVLYRQmRFLUFXODQWH
(PHD&RPSDQKLDQmRFRQVWLWXLXUHVHUYDOHJDOXPD
D 0XWDomRGRVLQYHVWLPHQWRV
'HFUpVFLPRQRVFDL[DVHHTXLYDOHQWHVGHFDL[D
YH] TXH R VDOGR GHVWD UHVHUYD DWLQJLX R OLPLWH Pi[LPR
6DOGRLQLFLDO
HVWDEHOHFLGRSHOD/HLGDV6$FRQIRUPHPHQFLRQDGRQRLWHPF
'HPRQVWUDomRGRGHFUpVFLPRQRVFDL[DVH
3DWULP{QLROtTXLGR
GHVWD1RWD'HVVDIRUPDQmRKRXYHDMXVWHVDROXFUROtTXLGRGR
5HVXOWDGRGHHTXLYDOrQFLDSDWULPRQLDO
HTXLYDOHQWHVGHFDL[D
&DSLWDOVRFLDO
SHUtRGR VHQGR HVWD D EDVH GH FiOFXOR FRQVLGHUDGD SHOD
'LYLGHQGRVDUHFHEHUUHFHELGRV
6DOGRILQDO
1RLQtFLRGRSHUtRGR
5HVHUYDGHOXFURV
&RPSDQKLD SDUD D GLVWULEXLomR GH GLYLGHQGRV F 5HVHUYD GH
1RILPGRSHUtRGR
7RWDOGRSDWULP{QLROtTXLGR
OXFURVF 5HVHUYDOHJDO $UHVHUYDOHJDOpFRQVWLWXtGDFRPEDVH
E ,QIRUPDomRVREUHDLQYHVWLGD
'HFUpVFLPRQRVFDL[DVHHTXLYDOHQWHVGHFDL[D
7RWDOGRSDVVLYRHSDWULP{QLROtTXLGR
HPGROXFUROtTXLGRFRQIRUPHSUHYLVWRQDOHJLVODomRYLJHQWH
OLPLWDGDDGRFDSLWDOVRFLDO(PHD&RPSDQKLD
$VQRWDVH[SOLFDWLYDVVmRSDUWHLQWHJUDQWH
$VQRWDVH[SOLFDWLYDVVmRSDUWHLQWHJUDQWH
%UHQDQQG,QYHVWLPHQWRV6$ QmRFRQVWLWXLXUHVHUYDOHJDOQRVPROGHVGRDUWLJR GD/HLGDV
GDVGHPRQVWUDo}HVFRQWiEHLV
GDVGHPRQVWUDo}HVFRQWiEHLV
6$ F 'LYLGHQGRV DGLFLRQDLV SURSRVWRV $ $GPLQLVWUDomR
1RWDVH[SOLFDWLYDVjVGHPRQVWUDo}HVFRQWiEHLVGHGH]HPEURGHH
'HPRQVWUDo}HVGRVUHVXOWDGRV
(P PLOKDUHV GH UHDLV H[FHWR TXDQGR LQGLFDGR GH RXWUD IRUPD &DSLWDOVRFLDO
SURS{V j GHOLEHUDomR GD$VVHPEOHLD *HUDO 2UGLQiULD $*2 D
([HUFtFLRVILQGRVHPGHGH]HPEURGHH ,QIRUPDo}HV VREUH D &RPSDQKLD 2EMHWR VRFLDO $ 50%& %, 6$ 3DWULP{QLROtTXLGR
GLVWULEXLomR GH GLYLGHQGRV DGLFLRQDLV DR PtQLPR REULJDWyULR QR
(PPLOKDUHVUHDLVH[FHWRROXFURSRUDomR
YDORUGH5 5 UHODWLYRVDROXFURGRH[HUFtFLR
³&RPSDQKLD´ pXPDVRFLHGDGHSRUDo}HVGHFDSLWDOIHFKDGRFRPVHGHQD /XFUROtTXLGRGRSHUtRGR
FLGDGHGR5HFLIH3(TXHWHPFRPRREMHWRVRFLDODSDUWLFLSDomRHPRXWUDV 4XDQWLGDGHVGHDo}HVSRVVXtGDV
1RWD
GH(P GHPDLRGHIRLDSURYDGRHP$VVHPEOHLD
5HFHLWDV GHVSHVDV
VRFLHGDGHV QR VHJPHQWR GH JHUDomR GH HQHUJLD HOpWULFD H D DSOLFDomR GH
*HUDO 2UGLQiULD $*2 R SDJDPHQWR GRV GLYLGHQGRV PtQLPRV
RSHUDFLRQDLV
UHFXUVRVILQDQFHLURVSUySULRVHPYDORUHVPRELOLiULRVEHQVPyYHLVHLPyYHLV GHSDUWLFLSDomR
REULJDWyULRV H GRV GLYLGHQGRV DGLFLRQDLV SURSRVWRV SHOD
*HUDLVHDGPLQLVWUDWLYDV
,QYHVWLPHQWRV HP RXWUDV VRFLHGDGHV $WXDOPHQWH D 50%& %, 6$
$GPLQLVWUDomRQRHQFHUUDPHQWRGRH[HUFtFLRGHGHGH]HPEUR
5HVXOWDGRGDHTXLYDOrQFLD
GHQRVYDORUHVGH5H5 UHVSHFWLYDPHQWH
SRVVXLSDUWLFLSDomRGHQD%UHQQDQG,QYHVWLPHQWRV6$TXHHVWi 5HVXOWDGRGHHTXLYDOrQFLDSDWULPRQLDO
SDWULPRQLDO
DYDOLDGDSHORPpWRGRGHHTXLYDOrQFLDSDWULPRQLDO$&RPSDQKLDSDUWLFLSDGR
F 5HWHQomR GH OXFURV (P GH GH]HPEUR GH D
2XWUDVGHVSHVDVRSHUDFLRQDLV
&RPSDQKLD DSUHVHQWD H[FHVVR GH UHVHUYDV GH OXFURV VREUH R
FRQWUROH GD LQYHVWLGD GH IRUPD FRPSDUWLOKDGD FRP RV GHPDLV DFLRQLVWDV 6DOGRGRLQYHVWLPHQWR
OtTXLGDV
YDORUGRFDSLWDOVRFLDO(PDWHQGLPHQWRj/HJLVODomR6RFLHWiULDD
3ULQFLSDLV 3UiWLFDV H 3ROtWLFDV &RQWiEHLV %DVH GH SUHSDUDomR H
DSUHVHQWDomR$VGHPRQVWUDo}HVFRQWiEHLVIRUDPSUHSDUDGDVHHVWmRVHQGR 'LYLGHQGRVSURSRVWRVHDSDJDU(PGHGH]HPEURGHD $GPLQLVWUDomR SURSRUi HP DVVHPEOHLD JHUDO GH DFLRQLVWDV D
DSUHVHQWDGDVGHDFRUGRFRPDVSROtWLFDVFRQWiEHLVDGRWDGDVQR%UDVLOTXH &RPSDQKLD WHP XP VDOGR GH GLYLGHQGRV D SDJDU QR PRQWDQWH GH 5 GLVWULEXLomRGHGLYLGHQGRV
/XFURGRSHUtRGR
FRPSUHHQGHPRVSURQXQFLDPHQWRVLQWHUSUHWDo}HVHRULHQWDo}HVGR&RPLWr 5 FRUUHVSRQGHQWHV DRV GLYLGHQGRV PtQLPRV ,QVWUXPHQWRV ILQDQFHLURV 2V SULQFLSDLV LQVWUXPHQWRV
GH3URQXQFLDPHQWRV&RQWiEHLV &3& DSURYDGRVSHOR&RQVHOKR)HGHUDOGH REULJDWyULRV GROXFURDMXVWDGR GRH[HUFtFLRGHHVDOGRGRV ILQDQFHLURVGD&RPSDQKLDVmR FDL[DVHHTXLYDOHQWHVGHFDL[DH
/XFURSRUDomR%iVLFR HP5
&RQWDELOLGDGH &)& FRPR1RUPDV%UDVLOHLUDVGH&RQWDELOLGDGH 1%&V $ GLYLGHQGRVGLVWULEXtGRVHPH[HUFtFLRVDQWHULRUHV
SDUWHV UHODFLRQDGDV 2 YDORU MXVWR GRV DWLYRV H SDVVLYRV
&RPSDQKLDGHILQLXR5HDOFRPRDVXDPRHGDIXQFLRQDOHDVGHPRQVWUDo}HV
ILQDQFHLURVpLQFOXtGRQRYDORUSHORTXDORLQVWUXPHQWRSRGHULDVHU
$VQRWDVH[SOLFDWLYDVVmRSDUWHLQWHJUDQWH
WURFDGR HP XPD WUDQVDomR FRUUHQWH HQWUH SDUWHV GLVSRVWDV D
FRQWiEHLVIRUDPSUHSDUDGDVFRPEDVHQRFXVWRKLVWyULFR$VGHPRQVWUDo}HV
GDVGHPRQVWUDo}HVFRQWiEHLV
QHJRFLDUHQmRHPXPDYHQGDRXOLTXLGDomRIRUoDGD(PGH
FRQWiEHLVGD&RPSDQKLDSDUDRH[HUFtFLRILQGRHPGHGH]HPEURGH 6DOGRGHGLYLGHQGRVQRLQtFLRGRSHUtRGR
'HPRQVWUDo}HVGRVUHVXOWDGRVDEUDQJHQWHV
GH]HPEURGHHQmRKDYLDGLIHUHQoDVLJQLILFDWLYDHQWUH
IRUDPDXWRUL]DGDVSDUDHPLVVmRGHDFRUGRFRPDUHVROXomRGD$GPLQLVWUDomR 'LYLGHQGRVSDJRV
([HUFtFLRVILQGRVHPGHGH]HPEURGHH
RV YDORUHV FRQWiEHLV H RV GH PHUFDGR SDUD RV LQVWUXPHQWRV
HPGHMXQKRGH7ULEXWDomR(PHD&RPSDQKLDIRL 'LYLGHQGRDGLFLRQDOSURSRVWRHPDQRVDQWHULRUHV
(PPLOKDUHVUHDLV
ILQDQFHLURVGD&RPSDQKLD$&RPSDQKLDQmRUHDOL]DRSHUDo}HV
WULEXWDGD FRP EDVH QR ³/XFUR 3UHVXPLGR´ &RQIRUPH OHJLVODomR YLJHQWH 'LYLGHQGRVSURSRVWRVQRDQR
VREUHDVUHFHLWDVGD&RPSDQKLDLQFLGHDDSOLFDomRGDVUHVSHFWLYDVEDVHVGH 'LYLGHQGRPtQLPRREULJDWyULR
GHKHGJHVZDSRXTXDLVTXHURXWUDVRSHUDo}HVTXHHQYROYDP
SUHVXQomR ,53-H&6//$VDOtTXRWDVLQFLGHQWHVVmR L ,53- 6DOGRGHGLYLGHQGRVQRILPGRSHUtRGR
LQVWUXPHQWRVILQDQFHLURVGHULYDWLYRV
/XFURGRSHUtRGR
$GLFLRQDOGH H LL &6// &DL[DHHTXLYDOHQWHVGHFDL[D2V
$PLOWRQ4XHLUR]GD6LOYD±&RQWDGRU&5&3(2
2XWURVUHVXOWDGRVDEUDQJHQWHV
HTXLYDOHQWHV GH FDL[D VmR PDQWLGRV FRP D ILQDOLGDGH GH DWHQGHU D
5HQDWD0RQWHLUR%UHQQDQGGH&DUYDOKR'LUHWRUD3UHVLGHQWH
FRPSURPLVVRVGHFDL[DGHFXUWRSUD]R,QYHVWLPHQWRV2LQYHVWLPHQWRGD
5HVXOWDGRDEUDQJHQWHWRWDO
&RPSDQKLD HP VXD FRQWURODGD p FRQWDELOL]DGR FRP EDVH QR PpWRGR GD 5HODWyULRGRVDXGLWRUHVLQGHSHQGHQWHVVREUHDVGHPRQVWUDo}HVFRQWiEHLV$RV$FLRQLVWDVH$GPLQLVWUDGRUHVGD50%&%,6$
HTXLYDOrQFLD SDWULPRQLDO 8PD FRQWURODGD p XPD HQWLGDGH VREUH D TXDO D 5HFLIH3(([DPLQDPRVDVGHPRQVWUDo}HVFRQWiEHLVGD50%&%,6$ ³&RPSDQKLD´ TXHFRPSUHHQGHPREDODQoRSDWULPRQLDOHPGH
$VQRWDVH[SOLFDWLYDVVmRSDUWHLQWHJUDQWH
&RPSDQKLD H[HUoD LQIOXrQFLD VLJQLILFDWLYD $ GHPRQVWUDomR GR UHVXOWDGR GH]HPEURGHHDVUHVSHFWLYDVGHPRQVWUDo}HVGRUHVXOWDGRGRVUHVXOWDGRVDEUDQJHQWHVGDVPXWDo}HVGRSDWULP{QLROtTXLGRHGRV
GDVGHPRQVWUDo}HVFRQWiEHLV
UHIOHWH D SDUFHOD GR UHVXOWDGR GDV RSHUDo}HV GD FRQWURODGD IOX[RVGHFDL[DSDUDRH[HUFtFLRILQGRQDTXHODGDWDDVVLPFRPRRUHVXPRGDVSULQFLSDLVSUiWLFDVFRQWiEHLVHGHPDLVQRWDVH[SOLFDWLYDV
5HVSRQVDELOLGDGH GD $GPLQLVWUDomR VREUH DV GHPRQVWUDo}HV FRQWiEHLV $ $GPLQLVWUDomR GD &RPSDQKLD p UHVSRQViYHO SHOD
'HPRQVWUDo}HVGDVPXWDo}HVGRSDWULP{QLROtTXLGRH[HUFtFLRVILQGRVHPGHGH]HPEURGHH
HODERUDomRHDGHTXDGDDSUHVHQWDomRGHVVDVGHPRQVWUDo}HVFRQWiEHLVGHDFRUGRFRPDVSUiWLFDVFRQWiEHLVDGRWDGDVQR%UDVLOHSHORV
(PPLOKDUHVGHUHDLV
FRQWUROHV LQWHUQRV TXH HOD GHWHUPLQRX FRPR QHFHVViULRV SDUD SHUPLWLU D HODERUDomR GH GHPRQVWUDo}HV FRQWiEHLV OLYUHV GH GLVWRUomR
UHOHYDQWH LQGHSHQGHQWHPHQWH VH FDXVDGD SRU IUDXGH RX HUUR 5HVSRQVDELOLGDGH GRV DXGLWRUHV LQGHSHQGHQWHV 1RVVD
5HVHUYDGHOXFURV
UHVSRQVDELOLGDGHpDGHH[SUHVVDUXPDRSLQLmRVREUHHVVDVGHPRQVWUDo}HVFRQWiEHLVFRPEDVHHPQRVVDDXGLWRULDFRQGX]LGDGHDFRUGR
'LYLGHQGRV
FRPDVQRUPDVEUDVLOHLUDVHLQWHUQDFLRQDLVGHDXGLWRULD(VVDVQRUPDVUHTXHUHPRFXPSULPHQWRGHH[LJrQFLDVpWLFDVSHORVDXGLWRUHVHTXH
5HVHUYD
DGLFLRQDLV 5HWHQomRGH
&DSLWDO
/XFURV
DDXGLWRULDVHMDSODQHMDGDHH[HFXWDGDFRPRREMHWLYRGHREWHUVHJXUDQoDUD]RiYHOGHTXHDVGHPRQVWUDo}HVFRQWiEHLVHVWmROLYUHVGH
OHJDO
SURSRVWRV
OXFURV
VRFLDO
DFXPXODGRV
7RWDO
GLVWRUomRUHOHYDQWH8PDDXGLWRULDHQYROYHDH[HFXomRGHSURFHGLPHQWRVVHOHFLRQDGRVSDUDREWHQomRGHHYLGrQFLDDUHVSHLWRGRVYDORUHVH
6DOGRVHPGHGH]HPEURGH
GLYXOJDo}HVDSUHVHQWDGRVQDVGHPRQVWUDo}HVFRQWiEHLV2VSURFHGLPHQWRVVHOHFLRQDGRVGHSHQGHPGRMXOJDPHQWRGRDXGLWRULQFOXLQGRD
'LVWULEXLomRGHGLYLGHQGRV
DYDOLDomRGRVULVFRVGHGLVWRUomRUHOHYDQWHQDVGHPRQVWUDo}HVFRQWiEHLVLQGHSHQGHQWHPHQWHVHFDXVDGDSRUIUDXGHRXHUUR1HVVD
/XFURGRSHUtRGR
DYDOLDomRGHULVFRVRDXGLWRUFRQVLGHUDRVFRQWUROHVLQWHUQRVUHOHYDQWHVSDUDDHODERUDomRHDGHTXDGDDSUHVHQWDomRGDVGHPRQVWUDo}HV
'HVWLQDomRGROXFUR
FRQWiEHLVGD&RPSDQKLDSDUDSODQHMDURVSURFHGLPHQWRVGHDXGLWRULDTXHVmRDSURSULDGRVQDVFLUFXQVWkQFLDVPDVQmRSDUDILQVGH
'LYLGHQGRVPtQLPRVREULJDWyULRV
H[SUHVVDUXPDRSLQLmRVREUHDHILFiFLDGHVVHVFRQWUROHVLQWHUQRVGD&RPSDQKLD8PDDXGLWRULDLQFOXLWDPEpPDDYDOLDomRGDDGHTXDomR
'LYLGHQGRVDGLFLRQDLVSURSRVWRV
GDV SUiWLFDV FRQWiEHLV XWLOL]DGDV H D UD]RDELOLGDGH GDV HVWLPDWLYDV FRQWiEHLV IHLWDV SHOD $GPLQLVWUDomR EHP FRPR D DYDOLDomR GD
6DOGRVHPGHGH]HPEURGH
DSUHVHQWDomR GDV GHPRQVWUDo}HV FRQWiEHLV WRPDGDV HP FRQMXQWR $FUHGLWDPRV TXH D HYLGrQFLD GH DXGLWRULD REWLGD p VXILFLHQWH H
'LVWULEXLomRGHGLYLGHQGRV
DSURSULDGDSDUDIXQGDPHQWDUQRVVDRSLQLmRFRPUHVVDOYD%DVHSDUDRSLQLmRFRPUHVVDOYD(PGHGH]HPEURGHRVDOGRGDV
/XFURGRSHUtRGR
UHVHUYDVGHOXFURVGD&RPSDQKLDVXSHUDRYDORUGRFDSLWDOVRFLDOKLSyWHVHHPTXHR$UW GD/HLHVWDEHOHFHTXHD$VVHPEOHLD
'HVWLQDomRGROXFUR
*HUDOGRVDFLRQLVWDVGHYHUiGHOLEHUDUVREUHDDSOLFDomRGRH[FHVVRQRDXPHQWRGRFDSLWDOVRFLDORXQDGLVWULEXLomRGHGLYLGHQGRV2SLQLmR
'LYLGHQGRVPtQLPRVREULJDWyULRV
FRP UHVVDOYD (P QRVVD RSLQLmR H[FHWR SHOR DVVXQWR GHVFULWR QR SDUiJUDIR ³EDVH SDUD RSLQLmR FRP UHVVDOYD´ DV GHPRQVWUDo}HV
'LYLGHQGRVDGLFLRQDLVSURSRVWRV
FRQWiEHLVDFLPDUHIHULGDVDSUHVHQWDPDGHTXDGDPHQWHHPWRGRVRVDVSHFWRVUHOHYDQWHVDSRVLomRSDWULPRQLDOHILQDQFHLUDGD50%&%,
6DOGRVHPGHGH]HPEURGH
6$HPGHGH]HPEURGHRGHVHPSHQKRGHVXDVRSHUDo}HVHRVVHXVIOX[RVGHFDL[DSDUDRH[HUFtFLRILQGRQDTXHODGDWDGH
DFRUGRFRPDVSUiWLFDVFRQWiEHLVDGRWDGDVQR%UDVLO5HFLIHGHMXQKRGH.30*$XGLWRUHV,QGHSHQGHQWHV&5&3( )
$VQRWDVH[SOLFDWLYDVVmRSDUWHLQWHJUDQWHGDVGHPRQVWUDo}HVFRQWiEHLV
-RmR$OEHUWRGD6LOYD1HWR&RQWDGRU&5&56 27&(
(75993)