'XUDWDGHYLDĠăDDSDUDWXOXLVHSRDWHUHGXFHLDUULVFXO
GHDFFLGHQWHVHSRDWHPăULGDFăvQWUHĠLQHUHDQXHVWH
HIHFWXDWăFRUHFWLDUVHUYLVDUHDúLVDXUHSDUDĠLLOHQX
VXQWH[HFXWDWHvQPRGSURIHVLRQLVW'DFăDYHĠLQHYRLH
GHLQIRUPDĠLLXOWHULRDUHYăUXJăPFRQWDFWDĠLFHOPDL
DSURSLDWVHUYLFHGHDVLVWHQĠăWHKQLFăDXWRUL]DW
6LJXUDQĠDDSDUDWXOXLDvQWUHĠLQHULL
'HFRQHFWDĠLEXMLDvQDLQWHGHDHIHFWXDRSHUDĠLXQLGH
vQWUHĠLQHUH
3ODQL¿FDUHDvQWUHĠLQHULL
ÌQFRQWLQXDUHSUH]HQWăPROLVWăGHDFWLYLWăĠLGH
vQWUHĠLQHUHFDUHWUHEXLHHIHFWXDWHDVXSUDDSDUDWXOXL
0DMRULWDWHDHOHPHQWHORUVXQWGHVFULVHvQVHFĠLXQHD
ÌQWUHĠLQHUHD8WLOL]DWRUXOWUHEXLHVăHIHFWXH]HQXPDL
DFWLYLWăĠLOHGHvQWUHĠLQHUHúLGHVHUYLFHGHVFULVHvQ
SUH]HQWXOPDQXDODORSHUDWRUXOXL$FWLYLWăĠLOHPDL
H[WLQVHWUHEXLHHIHFWXDWHGHFăWUHXQDWHOLHUGHVHUYLFH
DXWRUL]DW(IHFWXDĠLPDLIUHFYHQWvQWUHĠLQHUHDGDFă
PHGLXOFRQĠLQHPXOWSUDI
6ăSWăPkQDO
Ɣ &XUăĠDĠLH[WHULRUXODSDUDWXOXL
Ɣ $VLJXUDĠLYăFăEORFDWRUXOSkUJKLHLDFFHOHUDĠLHLúL
DFFHOHUDĠLDIXQFĠLRQHD]ăFRUHFWGLQSXQFWGHYHGHUH
DOVLJXUDQĠHL
Ɣ 9HUL¿FDĠLFRUHFWDIXQFĠLRQDUHDFRPXWDWRUXOXLGH
SRUQLUHRSULUH
Ɣ 9HUL¿FDĠLFDDFFHVRULXOGHWăLHUHVăQXVHURWHDVFă
vQJRO
Ɣ &XUăĠDĠL¿OWUXOGHDHUÌQORFXLĠLGDFăHVWHQHFHVDU
Ɣ 9HUL¿FDĠLFDDSăUăWRDUHDDFFHVRULXOXLGHWăLHUHVă
QX¿HGHWHULRUDWăVDXFUăSDWăÌQORFXLĠLDSăUăWRDUHD
DFFHVRULXOXLGHWăLHUHGDFăDVXIHULWORYLWXULVDX
GDFăHVWHFUăSDWă
Ɣ 9HUL¿FDĠLFDSXOGHWXQVSHQWUXDYHGHDGDFăQX
HVWHGHWHULRUDWVDXFUăSDW6FKLPEDĠLFDSXOGHWXQV
GDFăHVWHQHYRLH
Ɣ 9HUL¿FDĠLFDSLXOLĠDGH¿[DUHDHFKLSDPHQWXOXLGH
WăLHUHVă¿HVWUkQVăFRUHFW
Ɣ 9HUL¿FDĠLFDúXUXEXULOHúLSLXOLĠHOHVă¿HELQH
VWUkQVH
Ɣ 9HUL¿FDĠLVăQXH[LVWHVFXUJHULGHFDUEXUDQWGH
ODPRWRUGHODUH]HUYRUVDXGHODFRQGXFWHOHGH
FDUEXUDQW
/XQDU
Ɣ 9HUL¿FDĠLGHPDURUXOúL¿UXOGHSRUQLUH
$QXDO
Ɣ &XUăĠDĠLH[WHULRUXOEXMLHLÌQGHSăUWDĠLRúLYHUL¿FDĠL
GLVWDQĠDGLQWUHHOHFWUR]L5HJODĠLGLVWDQĠDODPP
LQVDXvQORFXLĠLEXMLD9HUL¿FDĠLFDEXMLDVă¿H
SUHYă]XWăFXXQDPRUWL]RU
Ɣ &XUăĠDĠLH[WHULRUXOFDUEXUDWRUXOXLúLVSDĠLXOGLQMXUXO
DFHVWXLD
Ɣ 9HUL¿FDĠLFDDQJUHQDMXOFRQLFVă¿HXPSOXWSHWUHL
VIHUWXULFXOXEUL¿DQW8PSOHĠLGDFăHVWHQHFHVDUFX
XQVRDUHVSHFLDOă
Ɣ 9HUL¿FDĠL¿OWUXOGHFDUEXUDQWGLQSXQFWXOGHYHGHUH
DOFRQWDPLQăULLúLIXUWXQXOGHFDUEXUDQWSHQWUXD
YHGHDGDFăSUH]LQWăFUăSăWXULVDXDOWHGHIHFWH
ÌQORFXLĠLGDFăHVWHQHFHVDU
Ɣ 9HUL¿FDĠLWRDWHFDEOXULOHúLFRQH[LXQLOH
Ɣ 9HUL¿FDĠLGDFăVXQWX]DWHDPEUHLDMXODUFXULOH
DPEUHLDMXOXLúLWDPEXUXODPEUHLDMXOXLÌQORFXLĠLGDFă
HVWHQHFHVDUODXQDWHOLHUGHVHUYLFHDXWRUL]DW
Ɣ ÌQORFXLĠLEXMLD9HUL¿FDĠLFDEXMLDVă¿HSUHYă]XWăFX
XQDPRUWL]RU
Ɣ &XUăĠDĠLVDXvQORFXLĠLVLWDSDUDVFkQWHLGDFăHVWH
IXUQL]DWă
)LOWUXGHDHU
ÌQGHSăUWDĠLFDSDFXO¿OWUXOXLGHDHUúLVFRDWHĠL¿OWUXO
6SăODĠLOFXDSăFDOGăFXVăSXQ/LPSH]LĠLIRDUWHELQH
ÌQDLQWHGHDPRQWD¿OWUXOODORFDVLJXUDĠLYăFăHVWH
XVFDW
8Q¿OWUXGHDHUDÀDWvQX]WLPSvQGHOXQJDWQXSRDWH
¿FXUăĠDWFRPSOHW3ULQXUPDUH¿OWUXOWUHEXLHvQORFXLW
FXXQXOQRXODLQWHUYDOHUHJXODWH8Q¿OWUXGHDHU
GHWHULRUDWWUHEXLHvQORFXLWvQWRWGHDXQD
%XMLD
6WDUHDEXMLHLHVWHLQÀXHQĠDWăGH
Ɣ UHJODUHDLQFRUHFWăDFDUEXUDWRUXOXL
Ɣ XQDPHVWHFLQFRUHFWSUHDPXOWXOHLVDXXQWLS
LQFRUHFWGHXOHL
Ɣ XQ¿OWUXGHDHUPXUGDU
$FHúWLIDFWRULGXFODIRUPDUHDGHGHSXQHULSHHOHFWUR]LL
EXMLHLFHHDFHSRDWHFRQGXFHODSUREOHPHGH
IXQFĠLRQDUHúLODGL¿FXOWăĠLODSRUQLUH
'DFăPRWRUXOQXDUHSXWHUHHJUHXGHSRUQLWVDX
IXQFĠLRQHD]ăGHIHFWXRVODPHUVXOvQJROYHUL¿FDĠLPDL
vQWkLEXMLDvQDLQWHGHDHIHFWXDRULFHDOWHDFĠLXQL
'DFăEXMLDHVWHPXUGDUăFXUăĠDĠLRúLDVLJXUDĠLYăFă
GLVWDQĠDGLQWUHHOHFWUR]LHVWHFHDFRUHFWă
$7(1ğ,()RORVLĠLvQWRWGHDXQDWLSXOGHEXMLH
VSHFL¿FDW)RORVLUHDXQHLDOWHEXMLLSRDWHGHWHULRUD
SLVWRQXOFLOLQGUXO
&DUEXUDWRUXO
6HWăULOHGHED]ăDOHFDUEXUDWRUXOXLVXQWUHJODWHvQ
WLPSXOWHVWăULLODIDEULFă5HJODMXOWUHEXLHHIHFWXDWGH
FăWUHXQWHKQLFLDQLQVWUXLW
(úDSDPHQWXO
ÌQXQHOHUHJLXQLDPRUWL]RDUHOHGH]JRPRWVXQWGRWDWH
FXRVLWăSDUDVFkQWHLVSHFLDOă'DFăDSDUDWXODUHVLWă
SDUDVFkQWHLDFHDVWDWUHEXLHYHUL¿FDWăúLGDFăHVWH
QHFHVDUFXUăĠDWăGHFăWUHXQGHDOHUGHVHUYLFH'DFă
SODVDHVWHGHWHULRUDWăWUHEXLHvQORFXLWă
'DFăVLWDVHvQIXQGăIUHFYHQWDFHVWDSRDWH¿XQVHPQ
FăIXQFĠLRQDUHDFRQYHUWRUXOXLFDWDOLWLFHVWHDIHFWDWă
&RQWDFWDĠLDWHOLHUXOGHVHUYLFHSHQWUXDFRQWUROD
DPRUWL]RUXOGH]JRPRW6LWDvQIXQGDWăYDGXFHOD
VXSUDvQFăO]LUHDDSDUDWXOXLúLODGHWHULRUDUHDFLOLQGUXOXL
úLDSLVWRQXOXL
$7(1ğ,(1XXWLOL]DĠLXQDSDUDWFDUHDUH
DPRUWL]RUXOGH]JRPRWGHIHFWVDXGHVSULQV
$VLJXUDĠLYăFăEROĠXULOHDPRUWL]RUXOXLGH]JRPRWVXQW
VWUkQVH
$QJUHQDMFRQLF
9HUL¿FDĠLFDDQJUHQDMXOFRQLFVă¿HXPSOXWSHWUHL
VIHUWXULFXXQVRDUHSHQWUXDQJUHQDMHÌQPRGQRUPDO
QXHVWHQHFHVDUăvQORFXLUHDXQVRULLGLQDQJUHQDMXO
FRQLFFXH[FHSĠLDVLWXDĠLHLvQFDUHVHHIHFWXHD]ă
UHSDUDĠLL
Ì175(ğ,1(5($