2
(1
)5
'(
1/
,7
,7
37
*5
12
6(
),
'.
58
0,685(',6,&85(==$
$WWHQHUVLVWUHWWDPHQWHDOOHPLVXUHGLVLFXUH]]DULSRUWDWHTXLGLVHJXLWR
)DUHSDUWLFRODUHDWWHQ]LRQHDOOHLVWUX]LRQLSUHFHGXWHGDOOHVHJXHQWLSDUROH
$77(1=,21(
$99(57(1=$
,O WHUPLQH ³$77(1=,21(´ LQGLFD OD IRUWH SRVVLELOLWj GL JUDYL OHVLRQL SHUVRQDOL R
SHUGLWDGHOODYLWDLQFDVRGLQRQRVVHUYDQ]DGHOOHLVWUX]LRQLGDWHVRWWRTXHVWDYRFH
,O WHUPLQH ³$99(57(1=$´ LQGLFD OD SRVVLELOLWj GL OHVLRQL SHUVRQDOL R GDQQL
PDWHULDOLLQFDVRGLQRQRVVHUYDQ]DGHOOHLVWUX]LRQLGDWHVRWWRTXHVWDYRFH
$77(1=,21(
35(&$8=,21,3(5,*$6',6&$5,&2
Ŷ 1RQUHVSLUDUHLJDVGLVFDULFR
4XHVWLFRQWHQJRQRRVVLGRGLFDUERQLRXQJDVLQFRORUHHGLQRGRUHHVWUHPDPHQWH
SHULFRORVRFKHSXzSURGXUUHVWDWLGLLQFRVFLHQ]DRFDXVDUHODPRUWH
Ŷ 1RQIDUPDLIXQ]LRQDUHLOPRWRUHLQOXRJKLFKLXVLRLQ]RQHQRQDGHJXDWDPHQWH
YHQWLODWHTXDOLJDOOHULHJURWWHHFF
Ŷ (VHUFLWDUHSDUWLFRODUHDWWHQ]LRQHTXDQGRLOPRWRUHYLHQHXWLOL]]DWRQHOOHYLFLQDQ]H
GLSHUVRQHRDQLPDOL
Ŷ (YLWDUHDVVROXWDPHQWHFKHLOWXERGLVFDULFRSRVVDYHQLURVWUXLWRGDFRUSLHVWUDQHL
$77(1=,21(
35(&$8=,21,3(5,/5,)251,0(172
',&$5%85$17(
Ŷ
/DEHQ]LQDqHVWUHPDPHQWHLQ¿DPPDELOHHLQFDVRGLDFFHQVLRQHLVXRLYDSRUL
SRVVRQRHVSORGHUH
Ŷ 1RQHIIHWWXDUHLOULIRUQLPHQWRLQLQWHUQLRLQOXRJKLVFDUVDPHQWHYHQWLODWL
Ŷ 6SHJQHUH6(035(LOPRWRUHSULPDGLSURFHGHUHDOULIRUQLPHQWRGLFDUEXUDQWH
Ŷ $PRWRUHFDOGRQRQWRJOLHUHLOWDSSRGHOVHUEDWRLRGHOFDUEXUDQWHHQRQSURFHGHUHDO
ULIRUQLPHQWRGLEHQ]LQD
$WWHQGHUHDOPHQRPLQXWLFKHLOPRWRUHVLUDIIUHGGLSULPDGLSURFHGHUHDOULIRUQLPHQWR
Ŷ 1RQDJJLXQJHUHFDUEXUDQWHLQHFFHVVRQHOVHUEDWRLR
Ŷ ,QFDVRGLIXRULXVFLWDGLFDUEXUDQWHLQHFFHVVRDVFLXJDUORDFFXUDWDPHQWHHGDWWHQGHUH
FKHOH]RQHVXOOHTXDOLLOFDUEXUDQWHVLqURYHVFLDWRVLVLDQRFRPSOHWDPHQWHDVFLXJDWH
SULPDGLDYYLDUHLOPRWRUH
Ŷ $OWHUPLQHGHOULIRUQLPHQWRFRQWUROODUHFKHLOWDSSRGHOVHUEDWRLRVLDVWDWR
SHUIHWWDPHQWHFKLXVRSHUHYLWDUHSRVVLELOLIXRULXVFLWH
$77(1=,21(
35(9(1=,21(',,1&(1',
Ŷ 1RQXWLOL]]DUHLOPRWRUHPHQWUHVLIXPDRQHOOHYLFLQDQ]HGL¿DPPHYLYH
Ŷ 1RQXWLOL]]DUHLOPRWRUHQHOOHYLFLQDQ]HGLUDPLVHFFKLVSD]]ROHSDUUXFFKHDELWL
WDSSHWLVWUDFFLRDOWURPDWHULDOHLQ¿DPPDELOH
Ŷ 7HQHUHLOODWRGHOPRWRUHGRYHVLWURYDODERFFDGLDVSLUD]LRQHGHOO¶DULDGL
UDIIUHGGDPHQWR]RQDGHOODPDQRSRODGLDYYLDPHQWRDXWRDYYROJHQWHHGLOODWRGHOOR
VFDSSDPHQWRDGXQDGLVWDQ]DPLQLPDGLPHWURGDSDUHWLHGL¿FLRDOWULIDEEULFDWL
Ŷ 7HQHUHLOPRWRUHORQWDQRGDTXDOVLDVLDOWURPDWHULDOHLQ¿DPPDELOHRSHULFRORVR
UL¿XWLVWHUSDJOLDVWXRLHOXEUL¿FDQWLHVSORVLYL
$77(1=,21(
$/75(35(&$8=,21,',6,&85(==$
Ŷ
3RVL]LRQDUHOHFRSHUWXUHSURWHWWLYHVXOOHSDUWLURWDQWL
/HSDUWLURWDQWLTXDOLO¶DOEHURPRWRUHODSXOHJJLDODFLQJKLDHGDOWUHODVFLDWH
HYHQWXDOPHQWHHVSRVWHSRVVRQRGLYHQWDUHSRWHQ]LDOPHQWHDVVDLSHULFRORVH3HU
HYLWDUHLQFLGHQWLROHVLRQLFRSULUHWDOLSDUWLFRQFRSHUWXUHRJULJOLHGLSURWH]LRQH
Ŷ
)DUHDWWHQ]LRQHDOOHSDUWLFDOGH
/DPDUPLWWDHGDOWUHSDUWLGHOPRWRUHVLULVFDOGDQR127$YROPHQWHQHOFRUVR
GHOO¶XVRGHOPRWRUHHULPDQJRQRFDOGHDQFRUDSHUTXDOFKHWHPSRDQFKHGRSR
ORVSHJQLPHQWRGHOPRWRUHVWHVVR8WLOL]]DUHLOPRWRUHLQOXRJKLVLFXULHWHQHUOR
DGHJXDWDPHQWHORQWDQRGDOODSRUWDWDGHLEDPELQL
Ŷ 1RQWRFFDUHODFDQGHODHLOFDYRGLDFFHQVLRQHGXUDQWHOHRSHUD]LRQLGLDYYLDPHQWR
HGLIXQ]LRQDPHQWRGHOPRWRUH
Ŷ 1RQSURFHGHUHDUHJROD]LRQLGHLPDFFKLQDULPHQWUHTXHVWLVLWURYDQRFROOHJDWLDO
PRWRUHVHQ]DDYHUSULPDVWDFFDWRLOFDYRGLDOLPHQWD]LRQHGDOODFDQGHOD5XRWDQGR
O¶DOEHURPRWRUHDPDQRGXUDQWHOHRSHUD]LRQLGLUHJROD]LRQHRGLSXOLWXUDVLSXz
SURYRFDUHODPHVVDLQPRWRGHOPRWRUHHTXLQGLDQFKHGHOPDFFKLQDULRFROOHJDWR
FRQFRQVHJXHQWLSRVVLELOLJUDYLOHVLRQLSHUO¶RSHUDWRUH
1m
1m
IT
1m
1m
7EC-F8199-U1.indb 104
7EC-F8199-U1.indb 104
2018/04/24 14:21:29
2018/04/24 14:21:29