Lessico friulano del Goriziano

Testo completo

(1) . . 81,9(56,7¬'(*/,678',',8',1( . ',3$57,0(172',/,1*8((/(77(5$785( &2081,&$=,21()250$=,21((62&,(7¬ &RUVRGL'RWWRUDWRGLULFHUFDLQ6FLHQ]HOLQJXLVWLFKHHOHWWHUDULH &XUULFXOXPLQ/LQJXLVWLFDODGLQLVWLFDHSOXULOLQJXLVPR &LFOR;;9,, 7(6,','27725$72',5,&(5&$ . /(66,&2)5,8/$12'(/*25,=,$12 6XSHUYLVRUH3URI)HGHULFR9LFDULR 'RWWRUDQGD0DULD&KLDUD9LVLQWLQ . $QQR$FFDGHPLFR.

(2) 'HGLFDWR DO6DFUR&XRUHGL*HV DO&XRUH,PPDFRODWRGL0DULD HDO&XRUH&DVWLVVLPRGL6DQ*LXVHSSH ,QULFXDUWGDQRQD6LOYD .

(3) ,1',&( ,1752'8=,21(. . . . . . S. *25,=,$(,/*25,=,$12 . . . . . S. . . . . S. ,

(4) 9RFDOLVPRWRQLFR ,,

(5) &RQVRQDQWLVPR 75$77,025)2/2*,&, 75$77,/(66,&$/, . . . . . S S S S S. /$5$&&2/7$'(//()217,. . . . . S. . S S S S S S S S. . S. . S. . S S. . . ,/)5,8/$12*25,=,$12 75$77,)21(7,&,. &$5$77(5,67,&+((66(1=,$/,'(//$352'8=,21(. . /(77(5$5,$,1)5,8/$12*25,=,$12 6(&2/,$8725,23(5((6,*/(%,%/,2*5$),&+(. ,

(6) 3UHPHVVD ,,

(7) ,O&LQTXHFHQWR ,,,

(8) ,O6HLFHQWR ,9

(9) ,O6HWWHFHQWR 9

(10) /¶2WWRFHQWR 9,

(11) ,O1RYHFHQWR 9,,

(12) 'DO'XHPLODDGRJJL 7$%(//$5,$66817,9$'(/180(52',$8725, (',23(5( 7$%(//$5,$66817,9$'(,*(1(5,/(77(5$5, 5$335(6(17$7,,12*1,6(&2/2 352'877,9,7¬*(1(5,/(77(5$5,($8725, $/&81(&216,'(5$=,21, 23(5(',&217(678$/,==$=,21( . ,//(66,&2)5,8/$12'(/*25,=,$12 . /$)250$=,21('(/5(3(5725,2 ,/5(3(5725,2/(66,&$/( $72321,0, %,'521,0, &$1752321,0, . . . . . S . . . . S S S S S.

(13) . &21&/86,21, . . . . . &216,'(5$=,21,5(/$7,9($//(66,&2)5,8/$12 '(/*25,=,$12 &216,'(5$=,21,5(/$7,9($//$6725,$($//$ &8/785$'(/*25,=,$12 . %,%/,2*5$),$'(//()217,&2168/7$7( 35,1&,3$/,6,7,:(%&2168/7$7, . . . S. . S. . S . . S S.

(14) ,1752'8=,21( 3HUGLYHUVHUDJLRQLOHYDULHWjGHOODOLQJXDIULXODQDWLSLFKHGHOO¶DUHDVXGRULHQWDOHGHO )ULXOL9HQH]LD *LXOLD DUHD OLQJXLVWLFD FKH VL HVWHQGH ROWUH L FRQILQL GHOO¶DWWXDOH 3URYLQFLD GL *RUL]LD SRVVRQR HVVHUH FRQVLGHUDWH PLQRULWDULH ULVSHWWR DOOH YDULHWj FHQWUDOL ,Q SULPR OXRJR HVVH QRQ VRQR HQWUDWH D IDU SDUWH GHOOD OLQJXD IULXODQD GL NRLQq SHU PRWLYL TXDOL LO QXPHUR GL SDUODQWL OD SHULIHULFLWj ULVSHWWR DO QXFOHR GHOOD UHJLRQHHODUHODWLYDPHQWHVFDUVDUDSSUHVHQWDQ]DLQDPELWROHWWHUDULRHGRFXPHQWDULR ,QVHFRQGROXRJRWUDWWDQGRVLGL]RQHJHRJUDILFDPHQWHHVSRVWHDLQIOXVVLOLQJXLVWLFLH FXOWXUDOL JHUPDQLFL H VODYL OH YDULHWj IULXODQH PDWXUDWH LQ ORFR SUHVHQWDQR WUDWWL OHVVLFDOL H IUDVHRORJLFL XQLFL PD DOOR VWHVVR WHPSR LQ TXDQWR SURSULH GL DUHH OLQJXLVWLFKH SHULIHULFKH KDQQR FRQVHUYDWR DOFXQL WUDWWL DQWLFKL GHOOD OLQJXD IULXODQD DQGDWL LQYHFH JUDGXDOPHQWH SHUGHQGRVL QHO )ULXOL FHQWUDOH H QHOOD OLQJXD GL NRLQq ,QILQH QRQ YDQQR GLPHQWLFDWH OH YLFHQGH VWRULFKH GHOO¶DUHD JRUL]LDQD OD TXDOH D SDUWLUH GDO 0HGLRHYR H ILQR DO WHUPLQH GHOOD 3ULPD *XHUUD 0RQGLDOH q VWDWD FDUDWWHUL]]DWD GDOOD FRVWDQWH SUHVHQ]D GL XQD pOLWH SROLWLFD UHOLJLRVD H FXOWXUDOH GL OLQJXDWHGHVFDHGDXQDFRQWLQXLWjJHRSROLWLFDFRQLOPRQGRVODYRIDWWRULFKHKDQQR FRQWULEXLWR D WUDFFLDUH XQ SHUFRUVR VWRULFR SHU WDOXQL DVSHWWL LQGLSHQGHQWH ULVSHWWR D TXHOORGHO)ULXOLFHQWUDOHHFRQFRUGLHVH 1RQ VL SXz GLUH FKH OH UDJLRQL VRSUD HOHQFDWH DEELDQR SRUWDWR DO GLVLQWHUHVVH GL VWXGLRVLHFXOWRULORFDOLQHLFRQIURQWLGHOOHVSHFLILFLWjGHOIULXODQRGHO*RUL]LDQRPD LQ WDOXQL FDVL KDQQR DOLPHQWDWR XQD VHPSOLFLVWLFD YDOXWD]LRQH GHOOR VWHVVR TXDOH SDUODWD ³LEULGD´ ³GL FRQILQH´ H LQ JHQHUDOH SRFR UDSSUHVHQWDWLYD GHOOD UHJLRQH IULXODQD QHO VXR FRPSOHVVR /H YDULHWj GHO *RUL]LDQR DQFRUD FRVWLWXLVFRQR DOOR VWHVVRWHPSRPRWLYRGLJUDQGHLQWHUHVVHSHUORVWXGLRVRGLOLQJXLVWLFDURPDQ]DHGL OHWWHUDWXUD LQ JHQHUH SRLFKp SURSULR OH FRQGL]LRQL VWRULFKH H JHRJUDILFKH VRSUD PHQ]LRQDWHKDQQRFRQWULEXLWRDSODVPDUHHDGHVDOWDUHO¶XQLFLWjGHOO¶DUHDOLQJXLVWLFD LQTXHVWLRQH,OIULXODQRGHO*RUL]LDQRVLWURYDDGHVVHUHLQGHILQLWLYDXQDYDULHWjGL ³PLQRUDQ]D´ H SHULIHULFD DOO¶LQWHUQR GL XQD OLQJXD JLj GL SHU Vp SRFR UDSSUHVHQWDWD QXPHULFDPHQWH H YDQQR YHULILFDWH FRQ SUXGHQ]D H DWWHQ]LRQH OH FRQGL]LRQL FKH SRVVRQR SRUWDUH DG XQD SHUGLWD GL SUHVWLJLR H GL ORFXWRUL GHOOH YDULHWj ORFDOL R DO FRQWUDULRDGXQDORURSLWHQDFHUHVLVWHQ]DULVSHWWRDOOHGLQDPLFKHVRFLROLQJXLVWLFKH FKH SDLRQR LQWHUHVVDUH LQ PLVXUD SL R PHQR IRUWH O¶LQWHUD UHJLRQH IULXODQD 8Q SXQWR GL YLVWD PROWR LQWHUHVVDQWH LQ TXHVWD SURVSHWWLYD q DQFKH O¶XVR GHOOH YDULHWj.

(15) JRUL]LDQH QHOOR VFULWWR GRYH SRVVLDPR YHULILFDUQH OD YLYDFLWj D SDUWLUH GDO &LQTXHFHQWRFRQODSUHVHQ]DGLDXWRULSRHWLHOHWWHUDWLGLWXWWRULVSHWWR ,OSURJHWWRFKHKDSRUWDWRDOODUHDOL]]D]LRQHGHOSUHVHQWHODYRURDYHYDO¶RELHWWLYRGL UHGLJHUHXQJORVVDULRDPSLRHVLVWHPDWLFRGHOOHSDUROHFKHFDUDWWHUL]]DQRLOIULXODQR GHOO¶DUHD JRUL]LDQD LO ³VRQ]LDFR´

(16) RVVLD GL LQGLYLGXDUH LO QXFOHR OHVVLFDOH FKH QH VDQFLVFHODSHFXOLDULWj ULVSHWWRDOOHDOWUH ,O JORVVDULRqGHELWDPHQWH FRUUHGDWRGDXQ SURILOR VWRULFR JHRJUDILFR H OHWWHUDULR GHOOD ]RQD SUHVD LQ HVDPH DO ILQH GL GDUH UDJLRQHGHOODYRURVYROWRHGHOOHVFHOWHRSHUDWH,QFRQVHJXHQ]DGLFLzODPRGDOLWjGL ULFHUFD KD SUHYLVWR XQ DSSURFFLR QRQ VWUHWWDPHQWH OLQJXLVWLFR PD LQWHUGLVFLSOLQDUH GDWD OD FRPSOHVVLWj GHOO¶LQWUHFFLR GL FLYLOWj GL RULJLQH ODWLQD JHUPDQLFD VODYD HG HEUDLFDFKHGDVHFROLKDQQRFRQYLVVXWRVXOWHUULWRULRLQTXHVWLRQH6LRVVHUYHUjLQIDWWL FKHTXHVWRODYRUREHQFKpPRVVRGDDPEL]LRQLOHVVLFRJUDILFKHDIIURQWDDQFKHDVSHWWL VWRULFL OLQJXLVWLFL H OHWWHUDUL FKH VL IRQGRQR LQ PRGR QDWXUDOH LQ TXDQWR WXWWL XJXDOPHQWHSUH]LRVLSHUFRPSLHUHORVIRU]RGLFRPSUHQGHUHHDSSUH]]DUHQHOPRGR SLDSSURIRQGLWRHDSHUWRSRVVLELOHOHPROWHSOLFLVIXPDWXUHFXOWXUDOLGLFXLVLWLQJHOD YDULHWj JRUL]LDQD GHOOD OLQJXD IULXODQD H OH VXH LPSOLFD]LRQL QHOOH YDULH EUDQFKH GHO VDSHUHSHUTXDQWRHVLJXRVLDLOQXPHURGHLVXRLSDUODQWL 3HU UDJJLXQJHUH OR VFRSR SUHILVVDWR VL q UHVR QHFHVVDULR IDUH ULIHULPHQWR DOOD SURGX]LRQH VFULWWD LQ IULXODQR JRUL]LDQR GDOOH SULPH WHVWLPRQLDQ]H ULVDOHQWL DO &LQTXHFHQWR

(17) ILQR DL JLRUQL QRVWUL SURGX]LRQH YLYDFH PD QRQ ULIHULELOH DG DXWRUL IDPRVLQpDGDPSLHSURGX]LRQLHGLWRULDOLHUDUDPHQWHRUJDQL]]DWDLQPRGRRUJDQLFR ±FRPHLQDQWRORJLHHUDFFROWH±HSHUWDQWRGLGLIILFLOHUHSHULPHQWR,OSULPRSDVVR SHUODIRUPD]LRQHGHOUHSHUWRULROHVVLFDOHqVWDWDO¶LQGLYLGXD]LRQHGHOOHIRQWLVFULWWH VRSUDWWXWWR GL WHVWL OHWWHUDUL WDQWR FKH O¶DQDOLVL H LO FRPPHQWR GHOOD SURGX]LRQH OHWWHUDULD LQ VRQ]LDFR QHJOL XOWLPL FLQTXHFHQWR DQQL FRVWLWXLVFH SDUWH LQWHJUDQWH GHO ODYRUR 6ROR DOORUD q VWDWR SRVVLELOH HIIHWWXDUH OR VSRJOLR YHUR H SURSULR GHOOH IRQWL IDFHQGR DWWHQ]LRQH VLD DOOH SDUWLFRODULWj OLQJXLVWLFKH H DL FDUDWWHUL GLVWLQWLYL GHOOD SDUODWD GHO *RUL]LDQR FKH DO VXR HVVHUH QHL WUDWWL IRQGDPHQWDOL FRPSDWLELOH FRQ OH DOWUHYDULHWjGHOIULXODQR,OHPPLVRQRVWDWLFDWDORJDWLJUD]LHDOO¶DXVLOLRGHOVRIZDUH (DV\1HW±SHQVDWRSULPDULDPHQWHSHUELEOLRWHFKHHDUFKLYL±FKHKDFRQVHQWLWRXQD FDWDORJD]LRQHHIILFDFHHXQRUGLQDPHQWRUD]LRQDOHVLDGHOOHRSHUHELEOLRJUDILFKHFKH GHL OHPPL 1H VRQR HPHUVL GDWL LQWHUHVVDQWL FRPH OD SUHVHQ]D GL EHQ FHQWRQRYDQWDTXDWWUR YRFL VX GL XQ WRWDOH GL GXHPLODTXDWWURFHQWRWUHQWDWUH OHPPL HVWUDWWL

(18) QRQ SUHVHQWL QHOOH IRQWL OHVVLFRJUDILFKH IULXODQH DG RJJL GLVSRQLELOL . .

(19) /¶HVWUD]LRQHGHLOHPPLVLqDYYDOVDGHOO¶DQDOLVLHGHOORVSRJOLRGLWHVWLGLYDULRJHQHUH RYYHURGLRSHUHGLSRHVLDSURVDHWHDWURPDDQFKHGLFDQ]RQLYLOORWWHWUDVFUL]LRQLGL RPHOLH H GLVFRUVL SURYHUEL IDYROH ILDEH H OHJJHQGH RSWDQGR SHU OR VSRJOLR VLD GL IRQWL SRSRODUL FKH GL RSHUH G¶DXWRUH FRPSUHVH WUD LO ;9, VHFROR H L JLRUQL QRVWUL DEEUDFFLDQGR XQ DUFR WHPSRUDOH H XQ YHQWDJOLR GL WLSRORJLH WHVWXDOL LO SL SRVVLELOPHQWH DPSL H YDULHJDWL 8Q¶DQDOLVL VSHFLILFD GHO OHVVLFR WHFQLFR VHWWRULDOH q VWDWD SUHVD Vu LQ FRQVLGHUD]LRQH PD PDUJLQDOPHQWH LQ PRGR WDOH GD IRUQLUH XQ TXDGURGHOODOLQJXDXWLOL]]DWDLQFRQWHVWLSLGLVFRUVLYLRVVLDTXHOOROHWWHUDULRHTXHOOR SRSRODUH WXWWDYLD OR VWXGLR GHO OHVVLFR GHO *RUL]LDQR VXOOD EDVH GL IRQWL OHWWHUDULH SRWUHEEHFRVWLWXLUHLOSULPRGLXQDVHULHGLVWXGLVSHFLILFDPHQWHWHFQLFL

(20) 6RQRVWDWH SUHVHLQHVDPHDQFKHOHQXPHURVHWUDGX]LRQLLQOLQJXDIULXODQDGLRSHUH±VLDGLDXWRUL PLQRULFKHGLSHUVRQDOLWjGLOHYDWXUDHXURSHD±LQRULJLQDOHLWDOLDQRWHGHVFRVORYHQR IUDQFHVHHLQJOHVHSUHVHQWLDOO¶LQWHUQRGHOODSURGX]LRQHVFULWWDGHO*RUL]LDQR,QROWUH VRQR VWDWH HVDPLQDWH DQFKH OH RSHUH GL DXWRUL FKH VFHOVHUR O¶XVR GHO IULXODQR QHJOL VFULWWLOHWWHUDULSXUSDGURQHJJLDQGRSHUIHWWDPHQWHDQFKHGLYHUVHDOWUHOLQJXH 8QD FRVSLFXD SDUWH GHOOD ULFHUFD q FRQVLVWLWD QHOO¶LQGLYLGXD]LRQH VWHVVD GHOOH IRQWL VFULWWH LQ IULXODQR JRUL]LDQR GDO PRPHQWR FKH VL WUDWWD GL WHVWL QRQ IDFLOPHQWH UHSHULELOL H SRFR FRQRVFLXWL SHU OR SL SXEEOLFDWL LQ PRGR IUDPPHQWDULR VX ULYLVWH VSHFLDOLVWLFKHHSHULRGLFLORFDOL FRPH©6RWOD1DSHª©&HIDVWX"ª©3DJLQH)ULXODQHª H©)RUXP-XOLLªSHUFLWDUHLSULQFLSDOL

(21) WDOYROWDULQWUDFFLDELOLLQUDFFROWHPLVFHOODQHH HDQWRORJLHLQDOWUHOLQJXH LWDOLDQRODWLQRWHGHVFRRVORYHQR

(22) RSHUHLQHGLWHULPDQGL LPSUHFLVL DG DXWRUL R WLWROL LJQRWL H FRVu YLD 3HU TXHVWL PRWLYL LO VHPSOLFH UHSHULPHQWR GHOOH IRQWL H OD ORUR DQDOLVL KDQQR FRVWLWXLWR OD IDVH SL GHOLFDWD GHOOD ULFHUFDQHFHVVLWDQGRGLFRQWLQXLULWRFFKLDPSOLDPHQWLHSHUIH]LRQDPHQWL ,O FRUSXV GHL WHVWL XWLOL]]DWL SHU O¶HVWUD]LRQH GHO OHVVLFR SDWULPRQLDOH IULXODQR JRUL]LDQR H SHU O¶LQTXDGUDPHQWR VWRULFR H OHWWHUDULR FRQVWD FRPSOHVVLYDPHQWH GL RWWRFHQWRQRYDQWD HOHPHQWL 7UD TXHVWL OH YHUH H SURSULH IRQWL LQ ³VRQ]LDFR´ VRQR FLQTXHFHQWRWUHQWDQRYH PHQWUH IUD L WUHFHQWRFLQTXDQWXQR ULPDQHQWL VL DQQRYHUDQR WHVWL XWLOL]]DWL SHU OD FRQWHVWXDOL]]D]LRQH VWRULFD H OLQJXLVWLFD GHO *RUL]LDQR H DOWUL LQHUHQWL OD OLQJXD H OD OHWWHUDWXUD IULXODQD QHOOR VSHFLILFR 3L SUHFLVDPHQWH VL FRQWDQR RWWDQWRWWR ODYRUL UHODWLYL DOOD OLQJXD DOOD OLQJXLVWLFD H DOOD ILORORJLD VHWWDQWDFLQTXHLQHUHQWLODVWRULDGHO)ULXOLHGHO*RUL]LDQRRWWDQWDFLQTXHUHODWLYLDOOD OHWWHUDWXUD IULXODQD DSSURIRQGLPHQWL ELRJUDILFL VWRULH GHOOD OHWWHUDWXUD VDJJL UHSHUWRUL H FRQWULEXWL FULWLFL

(23) YHQWL UHSHUWRUL OHVVLFRJUDILFL GHL TXDOL VHL . .

(24) VSHFLILFDPHQWH GHGLFDWL DO IULXODQR GHO *RUL]LDQR XQGLFL WUD LQGLFL LQYHQWDUL H FDWDORJKL H LQILQH VHWWDQWDWUH RSHUH ULJXDUGDQWL OD FXOWXUD O¶LGHQWLWj OH WUDGL]LRQL O¶DUWHODPXVLFDHO¶DPELHQWH ,O UHSHUWRULR OHVVLFDOH UDFFRJOLH OH YRFL GL SDUWLFRODUH LQWHUHVVH OLQJXLVWLFR FRQ L UHODWLYLFRQWHVWLLVRODWHGDOFRUSXVGLWHVWLJRUL]LDQLTXLHVDPLQDWL0ROWLWHUPLQLGHO OHVVLFR SDWULPRQLDOH GHOOD QRVWUD DUHD FRLQFLGRQR FRQ TXHOOL XGLQHVL QDWXUDOPHQWH VRSUDWWXWWR QHO FDVR GL YRFL FRUPRQHVL LQIDWWL &RUPzQV LQ SURYLQFLD GL *RUL]LD

(25) SDUWHFLSD±FRQ0DULDQRGHO)ULXOL±DOO¶LPSRUWDQWHLVRJORVVDGHOIULXODQRFHQWUDOHFKH YHGHORVYLOXSSRGLXQDHGDOODW$PDUFDDQFKHGHOIHPPLQLOHVLQJRODUHPHQWUHD *RUL]LDHQHOOD GHVWUD ,VRQ]RVHQHRVVHUYDODFRQVHUYD]LRQH6RQRVWDWH ULVFRQWUDWH JUDILH PROWR YDULH PDQFDQGR XQD QRUPD SUHFLVD H FRQVLGHUDQGR DQFKH O¶DUFR WHPSRUDOH GHOOD UDFFROWD DPSLR EHQ FLQTXH VHFROL 8Q XOWHULRUH HOHPHQWR GL GLIIHUHQ]LD]LRQHqFRVWLWXLWRSRLGDOOHSDUODWHORFDOLFKHYHQJRQRUDSSUHVHQWDWH3HU TXHVWLPRWLYLVLqVFHOWRGLPDQWHQHUHOHJUDILHRULJLQDOLOHYRFLVRQRVWDWHWUDVFULWWH FRVu FRPH FRPSDLRQR QHOOH IRQWL H QHO FDVR GL YHUVLRQL GLYHUVH GHOOD VWHVVD YRFH VRQR. VWDWH. ULSRUWDWH. WXWWH. OH. YDULDQWL. JUDILFKH. $OO¶LQWHUQR. GHL. GXHPLODTXDWWURFHQWRWUHQWDWUHOHPPLFKHFRPSRQJRQRLOUHSHUWRULRqUDSSUHVHQWDWRXQ DPSLR VSHWWUR GL FDWHJRULH QR]LRQDOL FKH LQFOXGRQR JOL DPELWL DJUDULR H ]RRORJLFR FXOLQDULRHFRQRPLFRHQXPLVPDWLFRPHGLFRHIDUPDFHXWLFRIRONORULVWLFRVFRODVWLFR PLWRORJLFR PLOLWDUH UHOLJLRVR PXVLFDOH GL FXOWXUD PDWHULDOH LO OHVVLFR UHODWLYR DL PHVWLHULHTXHOORUHODWLYRDOODSROLWLFDHDOODYLWDFRPXQLWDULD 3HU TXDQWR ULJXDUGD LQYHFH O¶RUJDQL]]D]LRQH VWUXWWXUDOH GHO SUHVHQWH ODYRUR GRSR XQ¶LQWURGX]LRQH VWRULFD FDSLWROR *25,=,$ ( ,/ *25,=,$12

(26) DWWD D LQTXDGUDUH LO *RUL]LDQR GDO SXQWR GL YLVWD VWRULFRFXOWXUDOH H IDU DSSUH]]DUH O¶RULJLQH H OD FRPSOHVVLWj GHOOH YLFHQGH OLQJXLVWLFKH HQWUR OH TXDOL VL q VYLOXSSDWD OD YDULHWj ³VRQ]LDFD´ FRQ OD VXD ILRUHQWH SURGX]LRQH OHWWHUDULD HVVR SURVHJXH FRQ XQ LQTXDGUDPHQWR JHRJUDILFR GHOO¶DUHD LQ FXL LO IULXODQR JRUL]LDQR YLHQH DGRSHUDWR H O¶LOOXVWUD]LRQH GHL VXRL WUDWWL OLQJXLVWLFL GLVWLQWLYL ULVSHWWR DOOH DOWUH YDULHWj IULXODQH FDSLWROR,/)5,8/$12*25,=,$12

(27) $VHJXLUHVLSURSRQHXQDVH]LRQHGHGLFDWDDOOH IRQWL OHWWHUDULH FDSLWROR /$. 5$&&2/7$ '(//( )217,

(28) . UHODWLYD DOOD ORUR. LQGLYLGXD]LRQH DO UHSHULPHQWR DOO¶DQDOLVL H DOOR VSRJOLR GHOOH VWHVVH GDOOH TXDOL q VWDWRHVWUDWWRLOUHSHUWRULROHVVLFDOH2OWUHDGLQGLFDUHOHRSHUHFKHVRQRVWDWHXWLOLSHU O¶LQTXDGUDPHQWR VWRULFR OD FRQWHVWXDOL]]D]LRQH H O¶DSSUH]]DPHQWR GHOOD YDULHWj OLQJXLVWLFD LQ TXHVWLRQH VL RIIUH XQD SDQRUDPLFD GHOOH FDUDWWHULVWLFKH VDOLHQWL GHOOD . .

(29) SURGX]LRQHOHWWHUDULDGLRJQLVHFRORFRQXQHOHQFRSXQWXDOHGHJOLDXWRULHGHOOHRSHUH UHGDWWH LQ WDOH DUFR GL WHPSR ,QILQH GRSR XQD EUHYH VSLHJD]LRQH UHODWLYD DOOD IRUPD]LRQH GHO UHSHUWRULR OHVVLFDOH H DL FULWHUL GHOOD VXD RUJDQL]]D]LRQH VL SURFHGH FRQ O¶LOOXVWUD]LRQH GHL OHPPL YHUL H SURSUL FDSLWROR ,/ /(66,&2 )5,8/$12 '(/ *25,=,$12

(30) 'DXOWLPROH&21&/86,21, UDFFROJRQROHRVVHUYD]LRQLHOH ULIOHVVLRQL UHODWLYHVLDDOOHVVLFRFKHDOODOHWWHUDWXUDHDOODFXOWXUDGHO*RUL]LDQR ,Q FRQFOXVLRQH q RSSRUWXQR VRWWROLQHDUH O¶LPSRUWDQ]D FKH XQD ULFHUFD OHVVLFDOH GL TXHVWRWLSRSRWUHEEHDYHUHLQSURVSHWWLYDIXWXUDSHUJOLVWXGLGLVWRULDORFDOHHSHUOH ULFHUFKHLQDWWRVXOODOLQJXDIULXODQD6LWUDWWHUHEEHLQIDWWLGLXQODYRURLQQRYDWLYR FKH FRPH XQLFL SUHFHGHQWL DYUHEEH LO ODYRUR GL )HGHULJR 6LP]LJ 6ROHFLVPL QHOOD SDUODWD JRUL]LDQD

(31) ,O 6RQ]LDFR GL 8JR 3HOOLV

(32) ± OLPLWDWR WXWWDYLD DOOH FDUDWWHULVWLFKH IRQHWLFKH ± LO FRQWULEXWR GL &DUOR 9LJQROL LQWLWRODWR ,O SDUODUH GL *RUL]LD H O¶LWDOLDQR

(33) LO 9RFDERODULR LQWHJUDWLYR IULXODQRLWDOLDQR GL 5RGROIR &DUUDUD SXEEOLFDWR VXOOD ULYLVWD ©6WXGL *RUL]LDQLª QHO H LO UHSHUWRULR GL )UDQFHVFR 3ODQLVVL 0RGL ILJXUDWL H SURYHUELDOL IULXODQL GHO SRSROR GL *RUL]LD SXEEOLFDWR VXOOD ULYLVWD ©&H IDVWX"ª QHO ± OLPLWDWR LQYHFH DOO¶HWLPRORJLD GL DOFXQL WHGHVFKLVPL 3XU DSSUH]]DQGR O¶RULJLQDOLWj GHOOD ORUR LGHD]LRQH TXHVWL UHSHUWRULFRVWLWXLVFRQRGHLODYRULLQFRPSOHWLHQRQVHPSUHJXLGDWLGDFULWHULVFLHQWLILFL OLPLWDWLDOIULXODQRSDUODWRQHOODFLWWjGL*RUL]LDQHOOHSULPHGXHGHFDGLGHO1RYHFHQWR ,OSURJHWWRTXLSUHVHQWDWRSDUWHSLXWWRVWRGDOO¶HVDPHGLWHVWLSURGRWWLQHOO¶LQWHUDDUHD LVRQWLQD D FRPLQFLDUH GDOOH SULPH WHVWLPRQLDQ]H VFULWWH ILQR DG RJJL H LQWHQGH FRQWULEXLUHDGXQDSLSXQWXDOHDQDOLVLQRQVRORGHOODOLQJXDIULXODQDPDDQFKHGHOOD VWRULDORFDOHQHOODVSHUDQ]DGLSRWHUDSULUHODVWUDGDDGXOWHULRULULFHUFKH OHVVLFDOLH QRQ

(34) VSHFLILFKHSHUO¶DUHDJRUL]LDQD/RVWXGLRGHOOHVVLFRGHO*RUL]LDQRULVXOWHUHEEH SHUWDQWR XQ SXQWR GL SDUWHQ]D QXRYR SHU OD FRPSUHQVLRQH SL DPSLD GHO QRVWUR WHUULWRULR SRWHQ]LDOPHQWH DSHUWR D SURVSHWWLYH VLD SUHWWDPHQWH OLQJXLVWLFKH FRPH O¶DQDOLVLGHOOHVVLFRVHWWRULDOH

(35) FKHH[WUDOLQJXLVWLFKH FRPHVWRULDHVRFLHWj

(36) DULSURYD GHOO¶LQHVDXULELOLWjFKHRJQLOLQJXDVHSSXUPLQRULWDULDSRUWDLQVp. . .

(37) *25,=,$(,/*25,=,$12 . ,OQRPHGL*RUL]LDRJJLFLWWjFKHGHVWDUHODWLYDPHQWHSRFRLQWHUHVVHFRPSDUHSHUOR SL QHL WHVWL GL VWRULD OHJDWR DJOL DYYHQLPHQWL GHOOD SULPD JXHUUD PRQGLDOH FRQ LO IURQWH GHOO¶,VRQ]R H DL WUDJLFL SULPL DQQL GHO VHFRQGR GRSRJXHUUD ,QROWUH OD FLWWj YLHQH DVVRFLDWD DOO¶LQJUHVVR GHOOD 6ORYHQLD QHOO¶8QLRQH (XURSHD

(38) H QHOO¶DUHD 6FKHQJHQ

(39) FRQLOUHODWLYRVPDQWHOODPHQWRGHLFRQILQLHODSRVVLELOLWjGLYDUFDUH OLEHUDPHQWH OD VRJOLD GL XQ OLPLWH JHRJUDILFR FKH RUPDL QRQ HVLVWH SL 7XWWDYLD LO YDORUHGHOODVWRULDGL*RUL]LDQRQVWDVHPSOLFHPHQWHQHOO¶DQWLFKLWjGHOOHVXHRULJLQL PD QHOOD FHQWUDOLWj FKH JOL DELWDQWL GHOOD FLWWj H GHO VXR WHUULWRULR ULYHVWLURQR VX XQ SLDQR SROLWLFR HFRQRPLFR UHOLJLRVR H FXOWXUDOH GDO 0HGLRHYR ILQR DJOL DOERUL GHO SULPR FRQIOLWWR PRQGLDOH ,PSRUWDQ]D WHVWLPRQLDWD DQFKH GD IDWWL DSSDUHQWHPHQWH PDUJLQDOLPDVLJQLILFDWLYLSHUFRPSUHQGHUHODFHQWUDOLWjGL*RUL]LD3RFKLVDQQRDG HVHPSLR FKH SUHVVR 3DOD]]R /DQWLHUL VRJJLRUQDURQR 3DSD 3LR 9 &DUOR *ROGRQL 3LHWUR0HWDVWDVLRH*LDFRPR&DVDQRYD ODFXL,VWRULDGHOOHWXUEROHQ]HGHOOD3RORQLD YHQQH LQ SDUWH SXEEOLFDWD SURSULR GD XQ WLSRJUDIR JRUL]LDQR 9DOHULR GH¶ 9DOHUL

(40) LO TXDOH VL LQQDPRUz GL XQD FRQWHVVD GHO SRVWR /XLVD /DQWLHUL YDJKHJJLDWD DQFKH GD -RKDQQ:ROIJDQJYRQ*RHWKHQHOVXR,WDOLHQLVFKH5HLVH

(41) 1RQqXQFDVR VH LO FHOHEHUULPR PDUHVFLDOOR 5DGHW]N\ VSRVz XQD FRQWHVVLQD JRUL]LDQD )DQQ\ 6WUDVVROGRVHO¶DUFKLWHWWRJRUL]LDQR1LFFROz3DFDVVLIXWUDLSURJHWWLVWLGHOODUHJJLDGL 6FK|QEUXQQ VH OR VWRULFR JRUL]LDQR &DUOR GHO 0RUHOOL GH 6FK|QIHOG FRQ OD VXD ,VWRULDGHOOD&RQWHDGL*RUL]LD

(42) UHGDVVHO¶RSHUDVWRULFDSLFRPSOHWDHG HODERUDWD FRQFHSLWDILQRDTXHOPRPHQWR3URVHJXHQGRQRQqXQFDVRVHD*RUL]LD VRUVH OD UDIILQDWD H SOXULOLQJXH ³$FFDGHPLD GHJOL $UFDGL 6RQ]LDFL´ D LPLWD]LRQH GHOO¶$FFDGHPLD URPDQD H VH QHO &DUOR ; UH GL )UDQFLD WUDVFRUVH O¶XOWLPD SDUWHGHOODSURSULDYLWDSUHVVRODYLOOD&RURQLQL&URQEHUJPHWWHQGR*RUL]LDDOFHQWUR GHOOH YLFHQGH HXURSHH LQ TXDQWR OD FLWWj GLYHQQH SXQWR G¶LQFRQWUR GHL QRELOL H GLJQLWDULWUDQVDOSLQLFKHSURJHWWDYDQRODFRVLGGHWWD³UHVWDXUD]LRQH´LQ)UDQFLD1RQq XQFDVRLQILQHVHLOFRQWHGL&KDPERUG HUHGHGL&DUOR;

(43) VFHOVHGLIDUVLVHSSHOOLUH QHOODFULSWDGHOODFKLHVDFRQYHQWRGHOOD&DVWDJQHYL]]DSURSULRD*RUL]LD7XWWLTXHVWL LQGL]L GL XQ¶LPSRUWDQ]D GHO FDSROXRJR LVRQWLQR FKH RJJL VL VWHQWD D FRPSUHQGHUH UHQGRQRGRYHURVDXQ¶LOOXVWUD]LRQHHVVHQ]LDOHGHOOHSULQFLSDOLIDVLVWRULFKHFKHODFLWWj GL*RUL]LDHLOVXRWHUULWRULRKDQQRDWWUDYHUVDWR. . .

(44) ,OWHUULWRULRFKHDWWXDOPHQWHRVSLWD*RUL]LDHLOVXRFLUFRQGDULRIXDELWDWRJLjLQHSRFD SUHLVWRULFD FRQ OD SUHVHQ]D GL LQVHGLDPHQWL XPDQL ILQ GDOO¶HWj GHO IHUUR HVVHQGR OD FROOLQDVXFXLVRUJHUjODFLWWjGL*RUL]LDXQSXQWRGLDYYLVWDPHQWRLGHDOHGHOTXDOHVL VHUYLURQR DQFKH L 5RPDQL FRPH SDUWH GHO VLVWHPD GLIHQVLYR GHOOD ]RQD 3ULPD GHOO¶DUULYRGHL5RPDQL VLIDULIHULPHQWRDOODIRQGD]LRQHGL$TXLOHLDQHOD&

(45) LO WHUULWRULRHUDDELWDWRGDSRSROD]LRQLHXUDVLDWLFKHTXDOLL3URWRLOOLULL9HQHWLHJOL,VWUL HLQVHJXLWRGDL&HOWL3HUSDUODUHGLXQDSULPDWHVWLPRQLDQ]DVFULWWDGHOO¶HVLVWHQ]D GHOODFLWWjELVRJQDDWWHQGHUHLODSULOHTXDQGRD5DYHQQDO¶LPSHUDWRUHGHO 6DFUR 5RPDQR ,PSHUR 2WWRQH ,,, UHGDVVH XQ GHFUHWR FRQ LO TXDOH DVVHJQDYD XQ FDVWHOORGHWWR6DOFDQR 6LOLFDQXP

(46) HXQD³YLOOD´GHWWD*RUL]LDDOSDWULDUFDGL$TXLOHLD *LRYDQQL HYLGHQWHPHQWH *RUL]LD DSSDUWHQHYD DOORUD D XQD FRQWHD GL YDVVDOOL JHUPDQLFLGHO6DFUR5RPDQR,PSHUR7URYLDPRLQVHJXLWRDOWULULIHULPHQWLD*RUL]LD FRPH DG HVHPSLR QHO TXDQGR FRPSDUYH SHU OD SULPD YROWD LO QRPH GL 0DLQDUGR 0HJLQDUGXV

(47) GH *XUL]D H TXDQGR 0DUTXDUGR ,,, GL (SSHQVWHLQ YHQQH FLWDWR GDO SDWULDUFD 3RSSRQH WUD L SUHVHQWL DOOD FRQVDFUD]LRQH GHOOD EDVLOLFD GL $TXLOHLD

(48) LQTXDOLWjGLFRQWHGL*RUL]LDFIU7DYDQR SS

(49) 7LWROR TXHOOR FRPLWDOH FKH VYROVH XQ UXROR FHQWUDOH QHOOD VWRULD PHGLHYDOH GHOOD FLWWj LQ TXDQWRLFRQWLJRUL]LDQLVLQGDOFRQ0DLQDUGR,DVVXQVHURODFDULFDHUHGLWDULD GL³DYYRFDWL´GHOOD&KLHVDGL$TXLOHLD&LzVLJQLILFDFKHLFRQWLGL*RUL]LDFKLDPDWL ³PDLQDUGLQL´ HUDQR L UDSSUHVHQWDQWL XIILFLDOL LQ DPELWR SROLWLFR H VHFRODUH GHO SDWULDUFD*RUL]LDDSSDUWHQHYDDOODFRQWHDGHO)ULXOLUHWWDSURSULRGDLSDWULDUFKLGDL TXDOLULXVFuJUDGXDOPHQWHDHPDQFLSDUVLSURFHVVRFKHFXOPLQzQHOFRQODSDFH GL6DQ4XLULQRVWLSXODWDD&RUPzQVTXDQGRLOSDWULDUFDULFRQREEHDLFRQWLGL*RUL]LD LOSLHQRHOLEHURSRVVHVVRGHLFDVWHOOLVLDGL*RUL]LDFKHGL0RRVEXUJ 3HU SDUODUH GL XQD YHUD H SURSULD FRQWHD ELVRJQD IDUH ULIHULPHQWR DO TXDQGR (QJKHOEHUWR,,ULFHYHWWHLOWLWRORFRPLWDOH,QWHUHVVDQWHqTXDQWRQRWD6HUJLR7DYDQR LQ *RUL]LD H OD VXD FRQWHD ULJXDUGR DO UDSSRUWR WUD OD FLWWj H LO VXR WHUULWRULR FLUFRVWDQWH(JOLRVVHUYDFKHLQL]LDOPHQWHLO*RUL]LDQR HQHOORVSHFLILFROHORFDOLWj GL &RUPzQV )DUUD /XFLQLFR H 6DOFDQR

(50) ULYHVWLYDQR VLD GD XQ SXQWR GL YLVWD HFRQRPLFR FKH UHOLJLRVR PDJJLRU LPSRUWDQ]D GL *RUL]LD VWHVVD LQ TXDQWR LQ WDOL FLWWDGLQH VL HUD JLj RUJDQL]]DWD OD UDPLILFD]LRQH GHOOH SLHYL SL DQWLFKH PHQWUH . 'DPXV HW GRQDPXV FXP RPQL LXUH -RKDQQL 3DWULDUFKDDH HW (FFOHVLDH $TXLOHLHQVL PHGLHWDWHP XQLXV&DVWHOOLGLFWL6LOLFDQLHWPHGLHWDWHPXQLXVYLOODHTXDHVFODYRQLFDOLQJXDYRFDWXU*RUL]LD QHFQRQPHGLHWDWHPRPQLXPGRPRUXPYLQHDUXPFDPSRUXPYRQ&]|UQLJ S

(51) . . .

(52) *RUL]LD GLYHUUj VHGH SDUURFFKLDOH DSSHQD QHOOD VHFRQGD PHWj GHO 4XDWWURFHQWR FIU 7DYDQR S

(53) 5LJXDUGR DO *RUL]LDQR RVVHUYD 6HUJLR 7DYDQR TXHVWR QRPH QRQ LQGLFDYD VHPSOLFHPHQWH XQD UHJLRQH JHRJUDILFD PD XQD EHQ GHWHUPLQDWD IRUPD]LRQHJLXULGLFDHVWDWDOH,O*RUL]LDQRGLYHQQHXQDSURYLQFLDJLjYHUVRODILQH GHOPHGLRHYRHFRQVHUYzWXWWHOHFDUDWWHULVWLFKHFKHQHIDFHYDQRXQ¶HQWLWjVWDWDOHILQR DOOD GLVVROX]LRQH GHOOD PRQDUFKLD DXVWURXQJDULFD QHO 7DYDQR S

(54) &RPSOHVVLYDPHQWH OD FRQWHD FRPSUHQGHYD XQD YDVWD DUHD JHRJUDILFD FKH VL HVWHQGHYDGDO*DUGDDOOD&DULQ]LDHDO7LURORGD7DUYLVLRDOO¶,VWULDFRQ7ULHVWHVHGH GLSRGHVWjFRPSUHQGHQGROD&DULQ]LDODYDOOHGHO9LSDFFRHGHOO¶,VRQ]RLO&DUVRLO &ROOLRHLO)ULXOLRULHQWDOH/¶LPSRUWDQ]DGL*RUL]LDYDGHVXQWDDQFKHGDOIDWWRFKHL FRQWL HUDQR SURWHWWL GDOO¶LPSHUDWRUH )HGHULFR ,, H FKH XQR GL HVVL (QULFR ,, YHQQH ULWHQXWR ³SHULFRORVR´ GD &DQJUDQGH GHOOD 6FDOD DO SXQWR GD YHQLUH DYYHOHQDWR SHU RUGLQHVXRD7UHYLVRQHO ,OSURJUHVVLYRDPSOLDPHQWRGHLFRQILQLGHOODFRQWHD FKHDVVXQVHLOQRPHGL³&RQWHD GL 7LUROR*RUL]LD´ GLYLVD QHO LQ ³&RQWHD GL 7LUROR*RUL]LD´ H ³&RQWHD GL *RUL]LD7LUROR´

(55) UHDOL]]DWR LQ SDUWH JUD]LH D XQ¶DELOH SROLWLFD PDWULPRQLDOH H GD FRQFHVVLRQL IHXGDOL GLHGH XQ QDWXUDOH LPSXOVR DO FRPPHUFLR H DOO¶DUWLJLDQDWR LVRQWLQRWDQWRFKHDSDUWLUHGDOODFRQWHDEDWWpPRQHWDLQSURSULRDSUHQGRXQD ]HFFD D /LHQ] VHFRQGD FDSLWDOH GHOOD FRQWHD H XQD D /XELDQD /¶LPSRUWDQ]D HFRQRPLFD GL *RUL]LD GDWD VLFXUDPHQWH GDOOD SRVL]LRQH JHRJUDILFD VWUDWHJLFD VL HYLQFHDQFKHGDOODFRQFHVVLRQHLPSHULDOHGLWHQHUHXQPHUFDWRFLWWDGLQRQHOH IDWWRDQFRUSLVLJQLILFDWLYRGHOO¶HYROX]LRQHDPPLQLVWUDWLYDD&RPXQHDYYHQXWDQHO 4XHVWR HTXLYDOHYD D XQ ULFRQRVFLPHQWR GHO UXROR GL *RUL]LD FRPH OXRJR GL FRQWDWWR H GL PHGLD]LRQH HFRQRPLFD WUD L PRQGL GHOOD PRQWDJQD GHOOH YDOOL GHOOD FROOLQD H GHOOD SLDQXUD GHOOD UHJLRQH IULXODQD 8Q LQGLFH QRQ VHFRQGDULR QHOOD YDOXWD]LRQH GHOO¶LPSRUWDQ]D HFRQRPLFD GHOOD FRQWHD QHO 0HGLRHYR q LQROWUH OD SUHVHQ]D GL XQD FRPXQLWj HEUDLFD JLj GRFXPHQWDWD GD ULIHULPHQWL FRQWHQXWL LQ SHUJDPHQH H DWWL QRWDULOL FRQWUDWWL GL DFTXLVWR GL YHQGLWD H GL SUHVWLWL GL GHQDUR ,O SULPL QRPL GL VLQJROH SHUVRQDOLWj JLXGDLFKH FRPSDLRQR JLj YHUVR OD ILQH GHO 'XHFHQWRFRPHQHOFDVRGL,VDFFR SULPDGHO

(56) %RQDYHQWXUDGHWWR(LVHO

(57) ,VUDHO SULPDGHO

(58) H %RQLVVDFKXV-XGHXV

(59) LOTXDOHDELWDYDLQXQDGHOOH FDVH GHOOD ³SLD]]D LQIHULRUH´ FRUULVSRQGHQWH DOO¶DWWXDOH SLD]]D &DYRXU

(60) FIU /RULFFKLR*DOODURWWL S

(61) FLz VDUHEEH FRQIHUPDWR GDOOD SUHVHQ]D QHO FLPLWHURHEUDLFRGL 9DOGLURVH 5RåQD'ROLQD

(62) GLXQDODSLGHGHOOD SLDQWLFD . .

(63) GHOOXRJR'DERUJRGLIHQVLYRFRQFDVWHOORHIRVVDWRODFLWWjGLYHQQH JUDGXDOPHQWH XQFHQWURGLFRPXQLFD]LRQH VLDHFRQRPLFDFKHVRFLDOH

(64) SHUOHUHJLRQLFRQILQDQWLQRQ VROR LQ YLUW GHOOD VWUDWHJLFD SRVL]LRQH JHRJUDILFD PD DQFKH JUD]LH DOOD YDULHJDWD FRPSDJLQHVRFLDOHGDFXLHUDFRVWLWXLWDVXOORVWHVVRVXRORFRQYLYHYDQRSRSROD]LRQL GLVWLUSHODWLQDORQJREDUGDVODYDWHGHVFDHGHEUDLFD $TXHVWRILRULUHGLVFDPELHFRPPHUFLFRQWULEXuLQJUDQGHPLVXUDODVFHOWDGHLFRQWL GL HOHJJHUH *RUL]LD FRPH SURSULD UHVLGHQ]D H VHGH FRPLWDOH GLYHQHQGR GD DOORUD FHQWUR IUHTXHQWDWR DQFKH GDOO¶DOWD QRELOWj EDYDUHVHFDULQ]LDQD GDOOD TXDOH L FRQWL PDLQDUGLQLGLVFHQGHYDQR,FRQWLGL*RUL]LDHUDQRHUHGLGHJOL$ULERQLRULJLQDULGHOOD %DYLHUDHIRQGDWRULGHOOHFRPXQLWjPRQDVWLFKHGL0LOOVWDWWH6HHRQLQ$XVWULDLTXDOL DYHYDQRSRVVHGLPHQWLLQ)ULXOLLQ&DULQ]LDQHOODUHJLRQHGL6DOLVEXUJRHQHO3LQ]JDX (VVHUH³DYYRFDWL´GHLSDWULDUFKLGL$TXLOHLDVLJQLILFDYDQHOFRQFUHWRODSRVVLELOLWjGL XQFRVSLFXRJXDGDJQRFKHGHULYDYDGDLGLULWWLGLEDQQRGDOOHDPPHQGHGDOOHWDVVHGL RVSLWDOLWj GD XQ WHU]R GHO GLULWWR VXOOH IRUHVWH H GDOOD PHWj GHL GRQD UHJDOLH

(65) FKH PDFHOODL FDO]RODL RVWL H WHVVLWRUL GRYHYDQR SDJDUH 'D XQ SXQWR GL YLVWD JLXULGLFR O¶DYYRFD]LD SUHYHGHYD OD JHVWLRQH GHOOD JLXULVGL]LRQH SHQDOH H FULPLQDOH TXHOOD FLYLOH LQYHFH VSHWWDYD DO SDWULDUFD

(66) PD GLYHQQH EHQ SUHVWR FRPH q IDFLOH LQWXLUH XQRVWUXPHQWRGLDFTXLVL]LRQLWHUULWRULDOL$WWRUQRDOFDVWHOORGL*RUL]LDVRUJHYDQROH DELWD]LRQLSHULPLQLVWHULDOLHLFDYDOLHULGHLFRQWLFRQJOLDQQHVVLSRVVHGLPHQWL FRUWL FDVHPXOLQLPDVVHULHFDQWLQHJLDUGLQLFDPSLWHUUHQLHYLJQHWL

(67) IDFHQGRGL*RUL]LD HGHOVXRFLUFRQGDULRXQFHQWURGLLQWHUHVVHHJHQHUDQGRXQLQGRWWRQRQWUDVFXUDELOH ,QIDWWL OD SUHVHQ]D GL PDHVWUDQ]H YHQHWH QHO 0HGLRHYR D *RUL]LD q DQFRUD YLVLELOH QHOO¶DUFKLWHWWXUDGHOFDVWHOORLOFXLLQJUHVVRqVRUYHJOLDWRGDXQOHRQHGL6DQ0DUFR IDWWRFRVWUXLUHGDOOD6HUHQLVVLPDDGLIHVDGHOODWRQRUGGHOODIRUWH]]D 1HOOD5HSXEEOLFDGL9HQH]LDVLDSSURSULzGHOSRWHUHWHPSRUDOHGHO3DWULDUFDWR GL $TXLOHLD LQQHVFDQGR XQD SHULFRORVD WHQVLRQH FRQIOLWWXDOH FRQ OD FDVDWD GHJOL $VEXUJR *RUL]LD ULPDVH DXWRQRPD PD QHO FRQWHVWR GHJOL DWWULWL WUD 9HQH]LD H O¶LPSHUR DXVWULDFR OD FLWWj VYROJHYD OD IXQ]LRQH GL ³]RQDFXVFLQHWWR´ WHUULWRULR QHXWUDOHFKHVHSDUDYDOHGXHSDUWLFRQWHQGHQWL7XWWDYLDOHLQFXUVLRQLWXUFKHGHO HGHOHEEHURFRPHFRQVHJXHQ]DLQGLUHWWDO¶RFFXSD]LRQHGDSDUWHGL9HQH]LDGL *UDGLVFD LQ WHUULWRULR DXVWULDFR GRYH YHQQH HGLILFDWD XQD IRUWH]]D GLIHQVLYD GL GXEELD XWLOLWj PD VWUDWHJLFDPHQWH FROORFDWD QHO WHUULWRULR GHO SURSULR DYYHUVDULR 4XDQGR O¶XOWLPR FRQWH GL *RUL]LD /HRQDUGR PRUu D /LHQ] VHFRQGD FDSLWDOH GHOOD FRQWHD

(68) QHO VHQ]D HUHGL 0DVVLPLOLDQR G¶$VEXUJR GHOHJz XQ FDSLWDQR D GLIHVD . .

(69) GHOWHUULWRULRJRUL]LDQRWHPHQGRSRVVLELOLULYHQGLFD]LRQLGHOOD5HSXEEOLFDGL9HQH]LD FKH RUD VHQ]D LO QHPLFR DTXLOHLHVH DYHYD XQ RVWDFROR LQ PHQR SHU XQ¶HYHQWXDOH HVSDQVLRQH YHUVR HVW ,Q YLUW GL YHFFKL SDWWL IHXGDOL WUD QRELOL IDPLJOLH DXVWULDFKH DOO¶HVWLQ]LRQHGHLFRQWLGL*RUL]LDLOWHUULWRULRSDVVzDXWRPDWLFDPHQWHDOODFDVDWDGHJOL $VEXUJRHORULPDUUjILQRDOWHUPLQHGHOODSULPDJXHUUDPRQGLDOH/¶HVWLQ]LRQHGHOOD FDVDWD GHL FRQWL PDLQDUGLQL HEEH FRPH FRQVHJXHQ]D GLUHWWD OD SHUGLWD GHL SRVVHGLPHQWL WLUROHVL H FDULQ]LDQL FRQ XQ QRWHYROH ULGLPHQVLRQDPHQWR WHUULWRULDOH GHOODFRQWHDGDDOORUDJRYHUQDWDGDXQ&DSLWDQRGLQRPLQDLPSHULDOH/DFRQWHDFKH ILQR DG DOORUD DYHYD FRVWLWXLWR XQD ³]RQDFXVFLQHWWR´ WUD OD 6HUHQLVVLPD H O¶LPSHUR DVEXUJLFRGLYHQWzHVVDVWHVVDOXRJRGLFRQILQHVFRQWURHULYHQGLFD]LRQLWHUULWRULDOL WUDOHGXHSRWHQ]H,QIDWWL*RUL]LDYHQQHRFFXSDWDSHUWUHGLFLPHVLGDOOD5HSXEEOLFD GL9HQH]LDQHOPDO¶DQQRVXFFHVVLYROD/HJDGL&DPEUD\ODLQGXVVHDUHVWLWXLUH LOWHUULWRULRDJOL$VEXUJR/¶DWWULWRYHQQHGHILQLWLYDPHQWHULVROWRFRQODVWLSXODGLXQD SDFHQHOLQRFFDVLRQHGHO7UDWWDWRGL:RUPVJUD]LHDOTXDOHODFRQWHDDQGzDG LQFOXGHUH DQFKH $TXLOHLD *UDGLVFD H DOFXQH ³LVROH´ GHO )ULXOL PHULGLRQDOH QRQFKp O¶DOWD YDOOH GHOO¶,VRQ]R FRQ 7ROPLQR H 3OH]]R &LRQRQRVWDQWH JLj QHO VL YHQQHUR D FUHDUH QXRYL PRWLYL GL VFRQWUR FXOPLQDWL FRQ OD ³JXHUUD GL *UDGLVFD´ FLWWDGLQD LQ FXL VRQR WXWWRUD YLVLELOL WUDFFH GL DUFKLWHWWXUD YHQHWD LQ WHUULWRULR DVEXUJLFR 4XHVWH WHQVLRQL VRQR LQGLFH GHOO¶LPSRUWDQ]D VWUDWHJLFD FKH OD FRQWHD GL *RUL]LD KD GD VHPSUH ULFRSHUWR TXDOH SXQWR GL SDVVDJJLR H VQRGR FRPPHUFLDOH FDSDFH GL XQLUH O¶$GULDWLFR FRQ LO FRQWLQHQWH O¶LQVLHPH GHL FRPPHUFL YLD PDUH FRQ TXHOOL YLD WHUUD GDWD OD VXD YLFLQDQ]D DO PDU $GULDWLFR H DOOD VXD GLSHQGHQ]D QHO 0HGLRHYRGDOPRQGRDTXLOHLHVHSDWULDUFDOH 1HOFRUVRGHO&LQTXHFHQWR*RUL]LDFRQREEHXQ¶LQWHQVDLPPLJUD]LRQHYHQHWDGDWHOH FRQGL]LRQL IDYRUHYROL GL VWDELOLWj SROLWLFD O¶DVVHQ]D GL LPSRVWH VXL FDPSL H OD JHQHUDOHULSUHVDGHPRJUDILFDSUHVHQ]DFKHLQL]LzDGLPSULPHUHDQFKHYLVLYDPHQWH XQ FDUDWWHUH LWDOLDQR DOOD FLWWj DXVWULDFD /D ULIRUPD OXWHUDQD FKH VHJQz LQGHOHELOPHQWHTXHVWRVHFRORQRQIHFHEUHFFLDQHO*RUL]LDQRQRQRVWDQWHVLULFRUGLOD FHOHEUHSUHGLFD]LRQHWULOLQJXH LQWHGHVFRVORYHQRHLWDOLDQR

(70) FKHLOSDVWRUHULIRUPDWR 3ULPRã7UXEDUWHQQHD*RUL]LDQHO3HUTXDQWRULJXDUGDO¶XWLOL]]RGHOOHOLQJXHD VFRSR SDVWRUDOH q LQWHUHVVDQWH VRIIHUPDUVL VXOOD VSDUWL]LRQH LGLRPDWLFD DOORUD HVLVWHQWHQHOFOHURJRUL]LDQR'DWRFKHQHLWHUULWRULDVEXUJLFLOHFDULFKHHFFOHVLDVWLFKH PDJJLRUL YHQLYDQR FRQIHULWH GDOOH DXWRULWj FLYLOL PD O¶HIIHWWLYD FXUD GL DQLPH ULFDGHYDVXOFOHURPLQRUHFDSSHOODQLHYLFDULPHQWUHLOFOHURUHJRODUHVLHVSULPHYD . .

(71) SHUORSLLQLWDOLDQRLOFOHURVHFRODUHDGRSHUDYDSUHYDOHQWHPHQWHODOLQJXDVORYHQDH TXHOOD IULXODQD /H UDUH YLVLWH SDVWRUDOL SHU FRQWR GHL SDWULDUFKL RUPDL VFHOWL VROR DOO¶LQWHUQR GHOOH PDJJLRUL IDPLJOLH YHQH]LDQH LQGXVVHUR JLj QHO DOOD FRVWLWX]LRQH GL XQ DUFLGLDFRQDWR JRUL]LDQR FKH GRYHYD VRSSHULUH DOOH FDUHQ]H SDVWRUDOLHORJLVWLFKHGHLSDWULDUFKLLTXDOLGDOVLWURYDYDQRD9HQH]LDHQRQSL DG$TXLOHLD,QWHUHVVDQWHqLOIDWWRFKHJLjQHOYHQQHDYDQ]DWDODSURSRVWDGHOOD IRUPD]LRQH GL XQD GLRFHVL LQGLSHQGHQWH GL *RUL]LD DOORUD QRQ UHDOL]]DWD TXDVL GXH VHFROLSULPDGHOO¶HIIHWWLYDFUHD]LRQHGHOO¶$UFLGLRFHVL

(72) 3HU TXDQWR FRQFHUQH OD YLWD GHOOD FRPXQLWj HEUDLFD QRQRVWDQWH OD EROOD &XP QLPLV DEVXUGXP

(73) GL SDSD 3DROR ,9 &DUDID ± LQ VHJXLWR DOOD TXDOH JOL (EUHL IXURQR FRVWUHWWLDHQWUDUHQHLJKHWWL±OHFRPXQLWjGL*RUL]LDH7ULHVWHYHQQHURHVRQHUDWHGD WDOH PLVXUD FRHUFLWLYD H WDOL ULPDUUDQQR ILQR D WXWWR LO ;9,, VHFROR WUDQQH SHU XQD EUHYHSDUHQWHVLGXUDQWHLOUHJQRGL)HUGLQDQGR,ODSRSROD]LRQHHEUDLFDGL*RUL]LDIX FRVWUHWWD DG DEEDQGRQDUH OD FLWWj PLVXUD FRQIHUPDWD GDOO¶ ³HGLWWR GL HVSXOVLRQH´ GHOO¶$UFLGXFD &DUOR GHO SHUFKp DFFXVDWL GL XVXUD QHL FRQIURQWL GHL FLWWDGLQL FULVWLDQL7DOHVLWXD]LRQHSULYLOHJLDWDHUDVHJQRHYLGHQWHGHOO¶HVVHQ]LDOHUXRORVYROWR GDOOHFRPXQLWjLVUDHOLWLFKHQHOO¶HFRQRPLDFLWWDGLQDVRSUDWWXWWRLQTXDOLWjGLIHQHUDWRUL FKHVYROJHYDQRODSURSULDDWWLYLWjTXDQGRD*RUL]LDQRQHVLVWHYDDQFRUDXQ0RQWHGL 3LHWj 7DQW¶q YHUR FKH FLQTXH DQQL GRSR OD SURFODPD]LRQH GHOO¶ ³HGLWWR GL HVSXOVLRQH´GLWXWWLJOL(EUHLGD9LHQQDHGDOOD%DVVD$XVWULDGDSDUWHGHOO¶LPSHUDWRUH /HRSROGR , OR VWHVVR VRYUDQR IX FRVWUHWWR D ULFKLDPDUH DOFXQH IDFROWRVH IDPLJOLH HEUHHLQTXDQWRVLWURYDYDLQGLIILFROWjILQDQ]LDULH8QDIDPLJOLDGL(EUHLJRUL]LDQLL 3LQFKHUOH ULFHYHWWHUR QHO OD TXDOLILFD GL +RIMXGHQ OHWWHUDOPHQWH µ(EUHL GL FRUWH¶

(74) RVVLD SUHVWDYDQR GHQDUR DOOD IDPLJOLD UHDOH LQ FDPELR GL SULYLOHJL FRPH L OLEHULVSRVWDPHQWLODFRPSUDYHQGLWDGLLPPRELOLHO¶HVFOXVLRQHGDTXDOXQTXHRUGLQH GLHVSXOVLRQH *OLDQQLGHOOD³JXHUUDGL*UDGLVFD´ R³GHJOL8VFRFFKL´

(75) FRLQFLVHURFRQ LOFRQFUHWL]]DUVLD*RUL]LDGHOOHPLVXUHGHOOD&RQWURULIRUPD1HOXQJUXSSRGL *HVXLWLSURYHQLHQWLGD*UD]VLLQVHGLzLQFLWWjIRQGDQGRWUHDQQLGRSRXQFROOHJLR FKH GLYHQQH LO SULQFLSDOH ULIHULPHQWR FXOWXUDOH SHU *RUL]LD 2OWUH DL *HVXLWL VL LQVHGLDURQR DQFKH OH 2UVROLQH OH TXDOL VL RFFXSDYDQR QHOOR VSHFLILFR GHOOD VFRODUL]]D]LRQHGHOOHEDPELQH

(76) L&DUPHOLWDQLL6HUYLWLL)DWHEHQHIUDWHOOLOH&ODULVVH L'RPHQLFDQLHL3LDULVWL/DSUHVHQ]DGLQXPHURVLRUGLQLUHOLJLRVLDOFXQLGHLTXDOL VWUHWWDPHQWH OHJDWL DO PRQGR GHO VDSHUH H GHOO¶LVWUX]LRQH GLHGH DOOD FRQWHD XQ . .

(77) LPSXOVR FXOWXUDOH ILQR DG DOORUD VFRQRVFLXWR 1RQ SXz HVVHUH XQ FDVR LQIDWWL VH SURSULRDFDYDOORWUD6HLH6HWWHFHQWRHEEHLQL]LRODIHOLFHVWDJLRQH JRUL]LDQDGHJOL VWXGL GL VWRULD ORFDOH 6L ULFRUGDQR LQ SDUWLFRODUH *DVSDUR %UXPDWWL DXWRUH GL /¶DTXLODOHRQHGL*RULWLDRVLD>VLF@LOFRQWDGR SULQFLSDWRJRULWLDQR HGLWDLQ EHQ VHWWH YROXPL

(78) LO JHVXLWD 0DUWLQ %DX]HU DXWRUH GL 5HUXP 1RULFDUXP )RURMXOLHQVLXP +LVWRULFD 1DUUDWLR RSHUD ULPDVWD LQHGLWD

(79) *LRYDQQL =RUXWWL FRQ L VXRL 0HPRUDELOLD RUEL VHW XUELV JRULWLHQVLV

(80) *LDQJLDFRPR G¶,VFKLD +LVWRULD GHOOD SULQFLSDOH FRQWHD GL *RULWLD QHOOD SURYLQFLD IRURMXOLHQVH

(81) *LRYDQQL 0DULD 0DUXVLJ FDSSHOODQR GHO FRQYHQWR GL 6DQWD &KLDUD H YLYDFH DXWRUH SROLJORWWD GL QXPHURVH RSHUH WUD OH TXDOL VL ULFRUGD LO *LRUQDOH GHOOD SHVWH

(82) WHVWLPRQLDQ]D FURQDFKLVWLFD GHOOD JUDYH HSLGHPLD GL SHVWH EXEERQLFD FKH PLVH LQ JLQRFFKLRJOLDELWDQWLGHOODFLWWj,QROWUHTXHVWDYHQQHGRWDWDGLXQRVSHGDOH JHVWLWR GDL )DWHEHQHIUDWHOOL

(83) H GL GXH IDUPDFLH FKH QHO FRUVR GHO 6HWWHFHQWR GLYHQWHUDQQR TXDWWUR7UDLPHGLFLJRUL]LDQLFHOHEULGHOO¶HSRFDVLULFRUGDQR0DUNR$QWRQ3OHQþLþ SUHGHFHVVRUH GL 3DVWHXU H IRQGDWRUH GHOOD GRWWULQD GHO FRQWDJLXP YLYXP $QWRQ 0X]QLN R 0XVQLJ

(84) SULPR PHGLFR JRUL]LDQR GHOOD UHJLRQH H DXWRUH GL &OLPD *RULWLHQVH

(85) H *LRYDQQL %DWWLVWD %DU]HOOLQL PHGLFR H VWXGLRVR GL SVLFRORJLD $FFDQWR DO PRQGR GHOOD FXOWXUD QHO 6HLFHQWR D *RUL]LD DQGz SHUIH]LRQDQGRVL XQ IOXVVR GL WUDIILFL VWUDGDOL SHU H GDOOD &DULQ]LD FKH FRVWLWXLURQR OH EDVL SHU O¶DVVH FRPPHUFLDOHFLWWDGLQRHLQGLUHWWDPHQWHDQFKHSHUODGLYXOJD]LRQHGHOVDSHUH 8Q DYYHQLPHQWR LPSRUWDQWH SHU OD FRPXQLWj HEUDLFD GL *RUL]LD QHO 6HLFHQWR IX OD FRVWUX]LRQHGHOJKHWWRFLWWDGLQRHLOWUDVIHULPHQWRREEOLJDWRULRDOVXRLQWHUQR

(86) DWWR FKH VHFRQGR 2ULHWWD $OWLHUL VL WUDWWz SL GL XQD PLVXUD SURWHWWLYD QHL FRQIURQWL GHJOL (EUHL VWHVVL FKH GL XQD PLVXUD FRHUFLWLYD YHUD H SURSULD SRLFKp YLYHQGRDOO¶LQWHUQRGHOJKHWWRHVVLQRQHUDQRVRJJHWWLDOO¶HVSXOVLRQHGDOODFLWWj FRPH DYUHEEHULFKLHVWRO¶HGLWWRGL/HRSROGR,

(87) WDQWRSLFKHFLzFRQVHQWLYDXQDPDJJLRUH SRVVLELOLWj GL HVSOHWDUH L ULWL UHOLJLRVL PDQWHQHUH OD SURSULD OLQJXD H OH SURSULH WUDGL]LRQLVHQ]DFRQWDUHLOIDWWRFKHDTXHLWHPSLHUDFRQVXHWXGLQHSHUFRORURLTXDOL SUDWLFDYDQRODVWHVVDSURIHVVLRQHDELWDUHLQ]RQHFRQWLJXHFIU$OWLHUL SS

(88) ,OJKHWWR FKHYHUUjDEROLWRSHUXQEUHYHSHULRGRGXUDQWHO¶RFFXSD]LRQHIUDQFHVH QHO

(89) FRUULVSRQGHYDJURVVRPRGRDOO¶DWWXDOHYLD$VFROLHGHUDGHOLPLWDWRDQRUG HDRYHVWGDOWRUUHQWH&RUQRDHVWGDOO¶DOORUD³YLDGHL6LJQRUL´ DWWXDOHYLD&DUGXFFL

(90) HDVXGGDOODFKLHVDGL6DQ*LRYDQQL. . .

(91) ,O FOLPD VRFLRSROLWLFR GL SDFH H VWDELOLWj FKH FRQVHQWu QRQ VROR OD GLYXOJD]LRQH PD DQFKH OD SURGX]LRQH GHO VDSHUH ± VWRULFR H PHGLFR LQ SULPLV ± GHOOD *RUL]LD VHLFHQWHVFD JHWWz OH EDVL SHU OD IDVH GL PDVVLPR VSOHQGRUH HFRQRPLFR H FXOWXUDOH GHOODFLWWj/DYLYDFHSURGX]LRQHFXOWXUDOHFKHFDUDWWHUL]]zLO6HWWHFHQWRJRUL]LDQRIX IDYRULWDQRQVRORGDXQSHULRGRGLQRWHYROHVWDELOLWjSROLWLFDHGHFRQRPLFDPDDQFKH GL LQQRYD]LRQH H GL DSHUWXUD DOO¶LQWHUQR GHOO¶LPSHUR DXVWULDFR ³LOOXPLQDWR´ GHO SHULRGR WHUHVLDQRJLXVHSSLQLVWD

(92) 7UD L IDWWRUL FKH FRQWULEXLURQR DOOD FUHVFLWD HFRQRPLFD H DOOD ILRULWXUD FXOWXUDOH GL *RUL]LD QHO 6HWWHFHQWR LO UXROR SULQFLSDOH YHQQH JLRFDWR GDOOD SROLWLFD GL 0DULD 7HUHVD H GHO ILJOLR *LXVHSSH ,, IDXWRUL GL XQ DPPRGHUQDPHQWR EXURFUDWLFRDPPLQLVWUDWLYR GL PLJOLRUL FRQGL]LRQL ILVFDOLHSURPXOJDWRULGHOODGLYXOJD]LRQHGHOVDSHUHHGHOODFXOWXUD'XUDQWHLOSHULRGR WHUHVLDQRJLXVHSSLQLVWDYHQQHLQWURGRWWRO¶REEOLJRVFRODVWLFRILQRDLWUHGLFLDQQLGLHWj YHQQHURDSHUWHOHSULPHVFXROHFRQLQVHJQDPHQWRLQOLQJXDVORYHQDYHQQHURDEROLWH OHVHUYLWIHXGDOLSHULFRQWDGLQLHYHQQHURULYLVLWLLFRQILQLFRQLOULWRUQRGL*UDGLVFD DOODFRQWHDHFRQODFRQVHJXHQWHGHQRPLQD]LRQHGL³3ULQFLSHVFD&RQWHDGL*RUL]LDH *UDGLVFD´ /DFRVWUX]LRQHGHOSRUWRIUDQFRGL7ULHVWHVHGDXQODWRFDXVzLOEORFFR GHOEDFLQRGLHVSDQVLRQHHFRQRPLFDGL*RUL]LD LQFROOHJDPHQWRFRQLSRUWLIUDQFKLGL $TXLOHLDH&HUYLJQDQR

(93) GDOO¶DOWURODWRFUHzQXRYHSRVVLELOLWjGLWUDIILFLYHUVRVXGHVW 1HOFRUVRGHOVHFRORLO³7UDYQLN´ FKHLQOLQJXDVORYHQDVLJQLILFDµVSD]LRHUERVR¶

(94) FKLDPDWDDQFKH³SLD]]D*UDQGH´RJJL³SLD]]D9LWWRULD´GLYHQQHLOFHQWURQRQVROR FRPPHUFLDOHHGLLQFRQWURGHOOHYDULHJDWHFRPSRQHQWLVRFLDOLGHOODFLWWjVRSUDWWXWWR LQRFFDVLRQHGHOOHILHUHHGHLPHUFDWLVWDJLRQDOLFKHDWWLUDYDQRJHQWHGDOODPRQWDJQDH GDOOD SLDQXUD PD DQFKH LO VLPEROR GHOO¶LPPDJLQH GHOOD FLWWj , IHVWHJJLDPHQWL SULQFLSDOLVLDUHOLJLRVLFKHODLFLVLWHQHYDQRQHOODSLD]]DFHQWUDOHODTXDOHVYROJHYD OD IXQ]LRQH GL OXRJR GL DJJUHJD]LRQH H WDOYROWD GL RVWHQWD]LRQH

(95) GHOOD PXOWLIRUPH FRPSDJLQH VRFLDOH DQFKH JUD]LH DO IDWWR FKH L SDOD]]L SXEEOLFL H QRELOLDUL GHL IXQ]LRQDULHGHOODERUJKHVLDLPSHULDOHGL*RUL]LDVLDIIDFFLDYDQRSURSULRVXO7UDYQLN $OOR VWHVVR WHPSR OD SLD]]D FROOHJDYD ERUJR &DVWHOOR H ERUJR &DULQ]LD L GXH SULQFLSDOLQRGLGHOODFRPXQLWjFLWWDGLQDFRQOD³YLDGHL6LJQRUL´FKHIXQJHYDGDDVVH SULQFLSDOHGHOODFLWWjYLDVXOODTXDOHVXLDIIDFFLDYDQRDORURYROWDFDVHHSDOD]]LWUD FXL GDOOD VHFRQGD PHWj GHO GLFLRWWHVLPR VHFROR DQFKH TXHOOR DUFLYHVFRYLOH /D SUHVHQ]D GL QRELOL IXQ]LRQDUL H EXURFUDWL GHOO¶LPSHUR DVEXUJLFR FRPSRUWDYD QXRYH SRVVLELOLWj GL ODYRUR H GL JXDGDJQR SHU JOL DELWDQWL GHOOD ]RQD EDVWL SHQVDUH DO SHUVRQDOHGLVHUYL]LRDOOHGDPHGLFRPSDJQLDDLFXRFKLDLFRFFKLHULJOLVWDOOLHULDL . .

(96) JLDUGLQLHUL DJOL DUWLJLDQL PD DQFKH DL FRPPHUFLDQWL DJOL DIIDULVWL DL VHQVDOL DL ILQDQ]LHULDJOLDYYRFDWLDLVHJUHWDULDLSUHFHWWRULDJOLLVWLWXWRULSULYDWLHDLFDSSHOODQL DOOH GLSHQGHQ]H GHL QRELOL JRUL]LDQL H DXVWULDFL )X FRVu FKH DQFKH JUD]LH DOOD SUHVHQ]D GHOO¶DOWD FODVVH GLULJHQWH GHOO¶LPSHUR ERUJR 3LD]]XWWD GLYHQQH LO ERUJR DUWLJLDQRGHOODFLWWjHODORFDOLWjGL6DQ5RFFRXQERUJRUXUDOHPHQWUHLOTXDUWLHUHD PDJJLRUDQ]D VORYHQD GL 6DQW¶$QGUHD GLYHQQH H WDOH ULPDVH ILQR DOOR VFRSSLR GHOOD SULPD JXHUUD PRQGLDOH

(97) FHQWUR GL SURGX]LRQH HG HVSRUWD]LRQH GL SURGRWWL DJULFROL YHUVR O¶(XURSD FHQWUDOH /D SUHVHQ]D GL SHUVRQDJJL GL ULOLHYR DWWLUDYD DOOR VWHVVR WHPSR DUFKLWHWWL DUWLVWL LQWHOOHWWXDOL PHGLFL EDQFKLHUL IXQ]LRQDUL PD DQFKH PDQRYDOL JUDQGHHUDODULFKLHVWDGLPDQRGRSHUD

(98) VSHVVRSURYHQLHQWLGDO)ULXOLHGDL WHUULWRULVODYLHPHUFDQWLGDO9HQHWRGDOOD/RPEDUGLDHGDO)ULXOLJHQHUDQGRDORUR YROWD XQ LQGRWWR HFRQRPLFR H FXOWXUDOH

(99) GHWHUPLQDQWH SHU OD YLYDFLWj VRFLDOH GL DOORUD 3HU UHQGHUH O¶LGHD GHO SRWHQ]LDOH FXOWXUDOH FRQFHQWUDWR QHOOD *RUL]LD VHWWHFHQWHVFD EDVWLSHQVDUHDOO¶HGLILFD]LRQHGHOSULPRWHDWURSXEEOLFRLOWHDWUR%DQGHX

(100) RJJL 7HDWUR9HUGLDOODQDVFLWDGHOO¶³$FFDGHPLDGHL)LORPHOHWL´

(101) HGHOO¶³$UFDGLD 5RPDQR6RQ]LDFD´ IRQGDWD QHO UDJJUXSSDYD OHWWHUDWL H VWXGLRVL SROLJORWWL JRUL]LDQLHDXVWULDFLWUDLTXDOLPROWLGLDOWROLJQDJJLRLQVHJXLWRDYUHEEHGDWRYLWDD 7ULHVWH DOOD %LEOLRWHFD &LYLFD H DOOD ³6RFLHWj GL 0LQHUYD´

(102) GHOO¶ ³,PSHULDO 5HJLD 6RFLHWj $JUDULD´

(103) GHOOD ³6RFLHWj GL 'LDQD &DFFLDWULFH´ VHFRQGD PHWj GHO ;9,,, VHFROR

(104) H GHO ³1RELOH &DVLQR´

(105) ,QILQH QRQ FHUWR WUDVFXUDELOH GD XQ SXQWR GL YLVWD FXOWXUDOH IX O¶DSHUWXUD GL EHQ GXH WLSRJUDILH TXHOOD GL *LDFRPR 7RPPDVLQL

(106) H TXHOOD GL 9DOHULR GH¶ 9DOHUL

(107) OH TXDOL VL DVVXQVHUR ILQ GDOO¶LQL]LR O¶LPSHJQR GL SXEEOLFDUH RSHUH LQ SL OLQJXH FRVD FKH GL IDWWR DYYHUUj VWDPSDQGR QHO FRUVR GHOOD ORUR VWRULD WHVWL LQ LWDOLDQR WHGHVFR ODWLQR VORYHQR IULXODQR HEUDLFR H IUDQFHVH 4XHVWL VRQR VHJQL HYLGHQWL GHOOD SUHVHQ]D VXO VXROR JRUL]LDQRQRQVRORGLSHUVRQDOLWjGLULOLHYRFXOWXUDOHHGLXQDGLYXOJD]LRQHHVWHVDGHO VDSHUHPDDQFKHGLXQSXEEOLFRFDSDFHGLUHFHSLUHHDSSUH]]DUHODORURSURGX]LRQH FDUDWWHULVWLFDPHQWHSROLJORWWD QHO7RPPDVLQLSXEEOLFzXQDUDFFROWDSRHWLFDLQ EHQ QRYH OLQJXH

(108) 3DUDOOHODPHQWH VL DVVLVWH VHPSUH QHO FRUVR GHO 6HWWHFHQWR DOOD QDVFLWD GHL SULPL JLRUQDOL FRPH OD ©*D]]HWWD *RUL]LDQDª DQWHVLJQDQD D OLYHOOR UHJLRQDOH GHL PRGHUQL SHULRGLFL FKH HEEH SXUWURSSR YLWD EUHYH YHQQH LQIDWWL SXEEOLFDWD VRODPHQWH GDO DO SHU PDQFDQ]D GL IRQGL &RPH VL YHGUj LQ VHJXLWR LO *RUL]LDQR IX DQFKH QHO FRUVR GHOO¶2WWRFHQWR DOO¶DYDQJXDUGLD QHO . .

(109) IHQRPHQRGHOODVWDPSDSHULRGLFDFRQODUHGD]LRQHGLDOPDQDFFKLULYLVWHHEROOHWWLQL FDUDWWHUL]]DWL GD XQD SHFXOLDUH FRPPLVWLRQH GL FDUDWWHUL OHWWHUDUL H QRWL]LH GL XVR SUDWLFRDPHWjVWUDGDWUDLOPRQGRFRQWDGLQRHGHOODWUDGL]LRQHGDXQODWRHTXHOOR GHOOD SRHVLD H GHOO¶LQQRYD]LRQH GDOO¶DOWUR 3DUDOOHODPHQWH DOOD SXEEOLFLVWLFD LO GLFLDQQRYHVLPRVHFRORYLGHDQFKHLOIRUPDUVLFRQXQFHUWRULWDUGRGLXQDOHWWHUDWXUD JRUL]LDQD LQ WHGHVFR FRQ HVSRQHQWL TXDOL 2WWR YRQ /HLWJHE 0DULH3DXO /DFURPD $QWRQYRQ0DLOO\H)UDQFHVFR/HRSROGR6DYLRVRORSHUFLWDUHLSULQFLSDOL 1HO 6HWWHFHQWR OD FLWWj GL *RUL]LD FRQWDYD SRFR PHQR GL GLHFLPLOD DELWDQWL FRQ OD SUHVHQ]D GL TXDWWUR HWQLH GLYHUVH FKH PRVWUDYDQR XQD WHQGHQ]D DOOD UHFLSURFD DVVLPLOD]LRQH/XFLR)DELQHOODVXD6WRULDGL*RUL]LD±FIU)DEL

(110) ±VRWWROLQHD FRPH DOO¶LQWHUQR GL WDOH YDULHWj HWQLFD H OLQJXLVWLFD GLVWULEXLWD VX GL XQ WHUULWRULR UHODWLYDPHQWH SRFR HVWHVR OD OLQJXD IULXODQD VYROJHYD LO UXROR GL ³OLQJXD IUDQFD´ FRPH³FRGLFHGLVFDPELR´LQSLD]]DQHOOHIHVWHHQHOOHRVWHULHPDXVDWRDQFKHGDOOD QRELOWj ORFDOH IDWWR FKH FRVWLWXLVFH XQD QRYLWj ULVSHWWR DO UHVWR GHO )ULXOL

(111) FKH D OLYHOOR XIILFLDOH VL HVSULPHYD LQ WHGHVFR ,Q DOWUH SDUROH LO IULXODQR FRVWLWXLYD XQD OLQJXD ³QHXWUDOH´ HTXLGLVWDQWH GD XQ SXQWR GL YLVWD VRFLDOH GDOOH DOWUH FRPH O¶LWDOLDQR LO WHGHVFR OR VORYHQR H O¶HEUDLFR FKH DO FRQWUDULR SHU UDJLRQL VWRULFKH SRWHYDQR FRVWLWXLUH SHU LO SDUODQWH XQ PDUFKLR GDL FKLDUL FRQQRWDWL VRFLDOL RSSXUH ± FRPH VDUHEEH DYYHQXWR QHO FRUVR GHOO¶2WWRFHQWR ± DYUHEEHUR SRWXWR GDUH DGLWR D ULYHQGLFD]LRQLSROLWLFKHFIU)DEL S

(112) 6H OD *RUL]LD GHO 6HWWHFHQWR VL GLPRVWUz FHQWUR YLYDFH GL SURGX]LRQH FXOWXUDOH WXWWDYLD QRQ PDQFDURQR GLIILFROWj VXO SLDQR HFRQRPLFR H DPPLQLVWUDWLYR ,O QRPH SUHFHGHQWHPHQWHFLWDWRGL*LRYDQQL%DQGHXQRQqOHJDWRVRODPHQWHDOODFRVWUX]LRQH GHO SULPR WHDWUR FLWWDGLQR PD DQFKH DO WULVWH HSLVRGLR HPEOHPDWLFR SHU OH FRQWUDGGL]LRQLGHOWHPSRGHOOD³ULYROWDGHL7ROPLQRWWL´GHOODSULPDYHUDGHO6H GD XQ ODWR LQIDWWL O¶DVVROXWLVPR LOOXPLQDWR GHOO¶HSRFD WHUHVLDQD VHPEUDYD FRQFUHWL]]DUHLVXRLDVSHWWLSRVLWLYLHLVXRLLGHDOLILODQWURSLFLQHOIHUPHQWRFXOWXUDOH GHO WHPSR QHOO¶DWWHQ]LRQH YHUVR O¶LQIDQ]LD H QHOO¶LPSXOVR GDWR DOO¶HFRQRPLD H DOOH FRQGL]LRQL VRFLDOL GHL VXGGLWL DOOR VWHVVR WHPSR HVVR ULYHOz LQ TXHOO¶DQQR O¶LQWUDQVLJHQ]DGHOO¶DPPLQLVWUD]LRQHDVEXUJLFDFKHQRQDPPHWWHYDSURWHVWHHYRFLGL GLVVHQVR%DQGHXHUDXQHVDWWRUHGHOOHWDVVHLOTXDOHQHLSULPLDQQLGHOGLFLRWWHVLPR VHFRORDYHYDDXPHQWDWRODSUHVVLRQHILVFDOHLPSRQHQGRDQFKHXQDWDVVDVXOODFDUQH H VXO ODUGR SURGRWWL FKH SHU JOL DELWDQWL GHO *RUL]LDQR H LQ SDUWLFRODUH SHU OH FRPXQLWjFROOLQDULVORYHQHGLWUDGL]LRQHFRQWDGLQDFRVWLWXLYDXQDSUH]LRVD HVSHVVR . .

(113) O¶XQLFD

(114) PHUFH GL VFDPELR $OO¶LPSRVL]LRQH L FRQWDGLQL GL 7ROPLQR UHDJLURQR VFHQGHQGR LQ SLD]]D 7UDYQLN H SURWHVWDQGR DSHUWDPHQWH FRQWUR OH PLVXUH ILVFDOL LQWURGRWWH SURWHVWD FKH SL LQ JHQHUDOH VWDYD D VLJQLILFDUH XQ ULILXWR GHOOH LPSRVL]LRQL IHXGDOL

(115) /H PDQLIHVWD]LRQL FKH YLGHUR DGGLULWWXUD LO FRLQYROJLPHQWR GHOO¶HVHUFLWR FRQWLQXDURQR SHU SRFKL JLRUQL DO WHUPLQH GHL TXDOL LO DSULOH YHQQHURFRQGDQQDWHDPRUWHSHULPSLFFDJLRQHXQGLFLSHUVRQHVRVSHWWDWHGLHVVHUHL FDSL GHOOH EDQGH VFHVH LQ SLD]]D /¶HVHFX]LRQH SXEEOLFD IX XQ HVSOLFLWR ³LQYLWR´ DO ULVSHWWR GHOOD JHUDUFKLD HVLVWHQWH WUD OD FLWWj H LO VXR FRQWDGR H XQ VHJQR HORTXHQWH GHOO¶LQWUDQVLJHQ]DFRQFXLLOJRYHUQRORFDOHFRQVLGHUDYDRJQLHVSUHVVLRQHGLGLVVHQVR O¶DOWURODWRGHOODPHGDJOLDGHO³VHFRORG¶RUR´GL*RUL]LD 'D XQ SXQWR GL YLVWD HFRQRPLFR *RUL]LD EHQHILFLDYD GHOOH LQL]LDWLYH FKH YHQLYDQR SUHVHDOLYHOORLPSHULDOH6HJXHQGRODSROLWLFDPHUFDQWLOLVWLFDGL&DUOR9,QHO JOL 6WDWL *RUL]LDQL RVVLD OD 'LHWD ORFDOH VRSSUHVVD GD 0DULD 7HUHVD QHOOD VHFRQGD PHWjGHOVHFROR

(116) SURSRVHURO¶LVWLWX]LRQHGLQXPHURVLSRUWLIUDQFKL D6DQ*LRYDQQLGL 'XLQRH$TXLOHLD

(117) HTXHOODGLXQIRQGDFRD*RUL]LDSHUOHPHUFLGLWUDQVLWRFRPHLO IHUURO¶DFFLDLRLOSLRPERLOUDPHHLWHVVXWLGHFLVLRQHFKHIHFHJXDGDJQDUHDOODFLWWj XQ LQGRWWR QRQ LQGLIIHUHQWH H QXRYH SRVVLELOLWj GL VFDPELR FRPPHUFLDOH $FFDQWR D TXHVWR YD VHJQDODWR FKH O¶LPSHUDWULFH 0DULD 7HUHVD SURJHWWz GL IDU GLYHQWDUH LO *RUL]LDQRXQRGHLSULQFLSDOLVHWLILFLGHOO¶LPSHUR LOSULPRILODWRLRLGUDXOLFRGLVHWDIX LQDXJXUDWR D )DUUD G¶,VRQ]R QHO

(118) FKH GRYHYD FRQWULEXLUH DOO¶DXWRVXIILFLHQ]D DXVWULDFD QHOOD VHULFROWXUD LQWURGXFHQGR XQD PDVVLFFLD FROWLYD]LRQH GHO JHOVR H O¶DOOHYDPHQWR GHO EDFR GD VHWD DWWLYLWj FKH ILQR DL SULPL GHFHQQL GHO 1RYHFHQWR FRVWLWXLUDQQR XQ¶LPSRUWDQWH SRVVLELOLWj GL ODYRUR SHU OD SRSROD]LRQH ORFDOH VRSUDWWXWWR SHU L UHVLGHQWL QHOOH FDPSDJQH %HQ SUHVWR YHQQHUR DGRWWDWH PLVXUH SURWH]LRQLVWLFKH D WXWHOD GHL SURGRWWL ORFDOL FRPH O¶HVHQ]LRQH GDL GD]L VXOOH HVSRUWD]LRQLGLVHWDHLQL]LDWLYHDWWHDSURPXRYHUHODYHQGLWDGLYLQLORFDOLLQPRGR WDOH GD LPSHGLUH LO OLEHUR DFTXLVWR GHL FRQFRUUHQ]LDOL YLQL YHQHWL GD SDUWH GHOOD &DULQ]LD SULQFLSDOH LQWHUORFXWRUH FRPPHUFLDOH GHOOD FRQWHD 7XWWDYLD QRQRVWDQWH OH DWWHQ]LRQL H OD FXUD GHO JRYHUQR DXVWULDFR SHU LO WHUULWRULR JRUL]LDQR QHO OH DVSHWWDWLYH GHJOL 6WDWL 3URYLQFLDOL YHQQHUR GHOXVH LQ VHJXLWR DOO¶LQWHUGL]LRQH GDO FRPPHUFLR GHL SRUWL GL 6DQ *LRYDQQL H GL $TXLOHLD H D FDXVD GHOOD SURLEL]LRQH GHO WUDQVLWR GL WXWWH OH PHUFL DG HVFOXVLRQH GHO YLQR H GHO IHUUR DWWUDYHUVR OD VWUDGD JRUL]LDQDGLUHWWDLQ&DULQ]LD&RPHQRWD6HUJLR7DYDQRQHOJLjFLWDWR*RUL]LDHODVXD FRQWHD D *RUL]LD QRQ PDQFDYDQR DOORUD L JUDQGL SDWULPRQL PD QRQ ULXVFu PDL D . .

(119) VYLOXSSDUVL XQ FHWR LPSUHQGLWRULDOH DWWR D LQYHVWLUH H ULVFKLDUH VHFRQGR OH OHJJL GHO FRPPHUFLR/¶HFRQRPLDGHOODFRQWHDVLEDVDYDVXOODJUDQGHSURSULHWjWHUULHUDHGHUD SURIRQGDPHQWH VHJQDWD GDOO¶HJHPRQLD QRELOLDUH H GDOOR VIUXWWDPHQWR GHOOH UHQGLWH &RORQLHPH]]DGULLQWUDWWHQHYDQRFRQLJUDQGLSURSULHWDULUDSSRUWLODYRUDWLYLUHJRODWL GDFRQWUDWWLDQQXDOLVHQ]DODJDUDQ]LDGLULQQRYDPHQWRHSHUWDQWRVHQ]DORVWLPROR PD DQFKH VHQ]D L PH]]L HFRQRPLFL

(120) SHU IDUH LQYHVWLPHQWL DSSRUWDUH PLJOLRULH H UHDOL]]DUHDPSOLDPHQWL 1HO FRUVR GHO 6HWWHFHQWR YHQQH LQWUDSUHVD XQ¶LQWHQVD RSHUD GL ULVDQDPHQWR GHOOH VWUDGH YHUVR OH SURYLQFH DXVWULDFKH H YHUVR 9HQH]LD VHJQR LQGLVFXWLELOH GHOOD SRVL]LRQHVWUDWHJLFDGL*RUL]LDHGHOODVXDFHQWUDOLWjSHUODYLWDSROLWLFDHGHFRQRPLFD GHOO¶LPSHUR DVEXUJLFR ,QILQH FRPH q JLj VWDWR RVVHUYDWR OD SUHVHQ]D LQ FLWWj GHOO¶DPPLQLVWUD]LRQH H GHOOD EXURFUD]LD DVEXUJLFD XQLWD DOOD QRELOWj ORFDOH H DG DPEDVFLDWRUL LQWHOOHWWXDOL H LOOXVWUL YLDJJLDWRUL FKH GLPRUDYDQR LQ TXHVWD ]RQD GL FRQILQHGHWHUPLQzODQHFHVVLWjGLDEEHOOLUH*RUL]LDLQFRQWLQXDHVSDQVLRQHHGLOL]LDH XUEDQLVWLFD FKH DOORUD SRWHYD YDQWDUH XQR WUD L PLJOLRUL DUFKLWHWWL GHOO¶LPSHUR 1LFFROz 3DFDVVL DQQRYHUDWR WUD L SURJHWWLVWL GHOOD UHJJLD GL 6FK|QEUXQQ 1HO 6HWWHFHQWR IXURQR JHWWDWH OH EDVL DUFKLWHWWRQLFKH H XUEDQLVWLFKH FKH QHO VHFROR VXFFHVVLYR VSLQVHUR O¶HFRQRPLVWD &DUO YRQ &]|UQLJ D GHILQLUH *RUL]LD FRPH ³OD 1L]]D DXVWULDFD´ ± FIU YRQ &]|UQLJ

(121) ± PHWD SULYLOHJLDWD JUD]LH DO VXR FOLPD PLWH H DOOH EHOOH]]H QDWXUDOL H DUWLVWLFKH SHU OH YLOOHJJLDWXUH GHOO¶DOWD VRFLHWj /D SUHVHQ]D GL IDPLJOLH QRELOL VLD UHVLGHQWL FKH GL SDVVDJJLR QRQ VROR HUD FDSDFH GL FUHDUH JLj GL SHU Vp SRVWL GL ODYRUR PD GLYHQWDYD D VXD YROWD FHQWUR GL DJJUHJD]LRQHHGLSDVVDJJLRGLDOWUHSHUVRQDOLWjGHOO¶LPSHURDSSDUWHQHQWLDOPRQGR LVWLWX]LRQDOH FXOWXUDOH H UHOLJLRVR GL DOORUD 6HJQR HORTXHQWH GHO EHQHVVHUH HFRQRPLFRUDJJLXQWRGDOODFLWWjQHOFRUVRGHOGLFLRWWHVLPRVHFRORIXODFUHD]LRQHQHO GHOSULPR0RQWHGL3LHWjGL*RUL]LD 6LFXUDPHQWH LQ TXHVWR SURFHVVR GL DUULFFKLPHQWR PDWHULDOH H FXOWXUDOH JLRFz XQ UXROR IRQGDPHQWDOH OD FUHD]LRQH GHOO¶$UFLGLRFHVL GL *RUL]LD DYYHQXWD QHO /D FRQGL]LRQH GL VIUXWWDPHQWR GHOOD PH]]DGULD VHJQz LO *RUL]LDQR ILQR DOOH VRJOLH GHOOD SULPD JXHUUD PRQGLDOH FRPH GLPRVWUD O¶RSHUDWR D YRFD]LRQH VLD HFRQRPLFD FKH VRFLDOH GL GRQ /XLJL )DLGXWWLLOTXDOHQHODYDQ]zXQDSURSRVWDGLOHJJHFRORQLFDSRLUHVSLQWDGDO3DUODPHQWRGL 9LHQQD 6ROR QHO JUD]LH DO GHSXWDWR SDUODPHQWDUH FDWWROLFR *LXVHSSH %XJDWWR OD 'LHWD 3URYLQFLDOH GL *RUL]LD DSSURYz XQD OHJJH DWWD D WXWHODUH L FRORQL SURYYHGLPHQWR FKH SHU LURQLD GHOODVRUWHQRQHQWUzPDLLQYLJRUHDFDXVDGHOORVFRSSLRGHOODSULPDJXHUUDPRQGLDOH . . .

(122) SDUDOOHODPHQWH DOO¶LVWLWX]LRQH GHOO¶$UFLGLRFHVL GL 8GLQH LQ VHJXLWR DOOR VPHPEUDPHQWR GHO 3DWULDUFDWR GL $TXLOHLD QHO

(123) (VVD LQFOXGHYD L WHUULWRUL ULPDVWL QHOOH WHUUH LPSHULDOL GRSR O¶LQYDVLRQH YHQH]LDQD GHO WHUULWRUL FKH FRVWLWXLYDQRLTXDWWURTXLQWLGHOODGLRFHVLODTXDOHVLHVWHQGHYDGD&RUWLQDDOOD6WLULD GD$TXLOHLDD9LOODFKGD/LHQ]D0DULERUGDOOD'UDYDDOO¶$GULDWLFRUDJJUXSSDQGR RWWRFHQWRPLOD IHGHOL GL OLQJXD VORYHQD LWDOLDQD IULXODQD ODGLQD H WHGHVFD H DYHYD JLXULVGL]LRQHPHWURSROLWLFDVXOOHGLRFHVLFKHULFDGHYDQRQHOO¶LPSHURRVVLDOHGLRFHVL VXIIUDJDQHH GL 7ULHVWH 3HGHQD 7UHQWR H &RPR /¶LVWLWX]LRQH GHOOH GXH WLSRJUDILH TXHOOD GL 7RPPDVLQL H TXHOOD GL GH¶ 9DOHUL IX FRQVHJXHQ]D GLUHWWD GHOOD FUHD]LRQH GHOO¶$UFLGLRFHVL FKH QHFHVVLWDYD GL SURSUL RUJDQL GL VWDPSD $OWUH FRQVHJXHQ]H IXURQR OD WUDVOD]LRQH GHO WHVRUR GL $TXLOHLD QHOOD FDWWHGUDOH GL *RUL]LD QHO OD IRQGD]LRQHGHO6HPLQDULRQHOHODSURFODPD]LRQHGLXQVLQRGRSHUO¶DQQR ,Q VHJXLWR OD GLRFHVL YHQQH WHPSRUDQHDPHQWH VRSSUHVVD GDO GDO H GDO ULDFTXLVWzDXWRULWjPHWURSROLWLFDVXOO¶,OOLULFR,OSULPRDUFLYHVFRYRLOJRUL]LDQR &DUOR 0LFKHOH G¶$WWHPV FKH ULFHYHWWH GDL VRYUDQL LO WLWROR GL 3ULQFLSH GHO 6DFUR 5RPDQR ,PSHUR DYHYD VWXGLDWR D *UD] HG HUD VWDWR QRPLQDWR DPPLQLVWUDWRUH DSRVWROLFRQHO0ROWRDWWHQWRDOOHHVLJHQ]HSDVWRUDOLGHOOHSRSROD]LRQLGLOLQJXD VORYHQD H IULXODQD EDVWD VFRUUHUH JOL DWWL SOXULOLQJXL GHOOH VXH YLVLWH SDVWRUDOL SHU DYHUQH FRQIHUPD

(124) HJOL YROOH FKH D *RUL]LD FL IRVVH XQD SUHGLFD]LRQH H XQD OLWXUJLD DQFKHLQOLQJXDWHGHVFDDOORUDPDQFDQWHLQFLWWj /¶$UFLGLRFHVL GL *RUL]LD VHJXLYD LO PRGHOOR GHOOD &KLHVD GL 6WDWR JLXVHSSLQLVWD FRQVLGHUDWDTXDVLXQ¶DSSHQGLFHGHOO¶DSSDUDWRDPPLQLVWUDWLYRHEXURFUDWLFRLPSHULDOH 6LJQLILFDWLYDLQWDOVHQVRIXO¶REEOLJRGLULQXQFLDDOODVHGHDUFLYHVFRYLOHLPSRVWRDO VHFRQGRYHVFRYRJRUL]LDQR5RGROIRG¶(GOLQJSHUYROHUHGL*LXVHSSH,,LQTXDQWRVL HUD ULILXWDWR GL SXEEOLFDUH XQ HGLWWR LPSHULDOH ) (GHOPD\HU LQ $TXLOHLD H LO VXR 3DWULDUFDWR

(125) RVVHUYD FRPH OR VFLRJOLPHQWR GHO 3DWULDUFDWR GL $TXLOHLD H OD FRQVHJXHQWH FUHD]LRQH GHOOH GXH $UFLGLRFHVL GL *RUL]LD H GL 8GLQH IX XQ FRPSURPHVVR SROLWLFR QRQ VROR FRQVHJXHQ]D GHO GRPLQLR GL 9HQH]LD PD DQFKH LO IUXWWR GHOO¶LGHD LOOXPLQLVWLFD VHFRQGR OD TXDOH L FRQILQL HFFOHVLDVWLFL GHEEDQR FRLQFLGHUHFRQLFRQILQLVWDWDOLLQPRGRGDLPSHGLUHXQDSUREDELOHLQWURPLVVLRQHGHL 3DHVLOLPLWURILQHOOHTXHVWLRQLLQWHUQHIUXWWRGLXQDPHQWDOLWjFKHDYUHEEHSRUWDWRDO PRGHUQRVLVWHPDGL6WDWLHXURSHL(PEOHPDWLFRqTXDQWRO¶DXWRUHRVVHUYDDULJXDUGR WDQWR IXOJLGD HUD VWDWD OD VWRULD GHO SDWULDUFDWR GL $TXLOHLD QHO 0HGLRHYR WDQWR LQJORULRVD H EDQDOH IX OD VXD ILQH QHO 8QD GHOOH SL LPSRUWDQWL FKLHVH GHOOD . .

(126) &ULVWLDQLWj PHGLHYDOH QRQ WURYDYD SL SRVWR QHOO¶(Wj 0RGHUQD HVVD HUD GLYHQXWD DQDFURQLVWLFDQHO¶HSRFDLQFXLVLIRUPDYDQRJOLVWDWLPRGHUQL(GHOPD\HU S

(127) 6LqJLjDFFHQQDWRLQSUHFHGHQ]DDOODYRFD]LRQHSOXULOLQJXHGHOODFXOWXUDGL*RUL]LD FRPHFRQVHJXHQ]DQRQWDQWRGLVFHOWHIDWWHDWDYROLQRTXDQGRULIOHVVRGLXQGDWRGL IDWWR GL XQD SRSROD]LRQH DOWDPHQWH FRPSRVLWD H GL XQD ]RQD JHRJUDILFD VWUDWHJLFDPHQWH³GLSDVVDJJLR´SHUO¶,PSHUR$FFDQWRDOO¶XVRGHOIULXODQRDGRSHUDWR VLD GDO SRSROR FKH GDOOD QRELOWj ORFDOH GHOOR VORYHQR H GHOO¶LWDOLDQR SDUODWR GDJOL LPPLJUDWLSHUORSLYHQHWL OLQJXHTXHVWHWUHGLXVRFRVWDQWHQHOODSDVWRUDOHGHOOD &KLHVDGLDOORUD

(128) LOWHGHVFRHUDODOLQJXDGHOO¶DPPLQLVWUD]LRQHGHOO¶LVWUX]LRQHGHOOD FXOWXUD H GHOOD FRPXQLFD]LRQH GHOOH DOWH FDULFKH HFFOHVLDVWLFKH DFFDQWR DO ODWLQR QDWXUDOPHQWH

(129) 1HO FRUVR GHO 6HWWHFHQWR JOL DXWRUL ORFDOL LQ SULPLV OR VWRULFR &DUOR 0RUHOOL GH 6FK|QIHOG H LO PHGLFR $QWRQ 0X]QLN R 0XVQLJ

(130) GHQXQFLDURQR XQ GHFOLQRGHOO¶XVRGHOWHGHVFRQHOODSURGX]LRQHOHWWHUDULDDIDYRUHGHOIUDQFHVHDOORUD SHUFHSLWR DQDORJDPHQWH D TXDQWR DYYHQLYD QHO UHVWR GHOO¶(XURSD FRPH OLQJXD GL SUHVWLJLR 7XWWDYLD q RSSRUWXQR VRWWROLQHDUH FKH DOO¶HSRFD O¶XWLOL]]R GL XQD FHUWD OLQJXD QRQ FRVWLWXLYD DQFRUD RJJHWWR GL ULYHQGLFD]LRQL QD]LRQDOL FRPH OR GLYHUUj LQYHFH QHOOD VHFRQGD PHWj GHO GLFLDQQRYHVLPR VHFROR

(131) PD HUD SLXWWRVWR PDQLIHVWD]LRQHGLUHWWDGHOOHSURSULHUDGLFLFRQVHJXHQ]DGHOODQHFHVVLWjFRPXQLFDWLYD R ULFHUFD GHO SUHVWLJLR $YHQGR FLWDWR 0RUHOOL GH 6FK|QIHOG q XWLOH ULFRUGDUH DOWUL LPSRUWDQWLVWRULRJUDILGHOODFRQWHDFRPH5RGROIR&RURQLQL6LJLVPRQGRG¶$WWHPVH $QWRQLR &RGHOOL FKH FRVWLWXLVFRQR SUH]LRVL EDFLQL FXOWXUDOL GD FXL HVWUDUUH LQIRUPD]LRQLQRQVRORULJXDUGRDJOLDYYHQLPHQWLGHOWHPSRHDOODTXDOLWjGLYLWDQHOOD *RUL]LD GL DOORUD PD DQFKH H VRSUDWWXWWR ULJXDUGR DL QXPHURVL H VLJQLILFDWLYL

(132) VFULWWRULSRHWLHOHWWHUDWLJRUL]LDQLSHUORSLFDGXWLQHOO¶REOLR 3HUTXDQWRULJXDUGDODYLWDGHOODFRPXQLWjHEUDLFDGL*RUL]LDLOGLFLRWWHVLPRVHFROR QRQ HUD FHUWR LQL]LDWR LQ PRGR IDYRUHYROH GDWD OD GHFLVLRQH GHJOL 6WDWL 3URQYLFLDOL

(133) GL ULGXUUH L SRUWRQL GHO JKHWWR GD GXH D XQR H DOO¶LQWURGX]LRQH GL GLYHUVL REEOLJKLUHVWULWWLYLWUDLTXDOLTXHOORGLUHVLGHQ]DDOO¶LQWHUQRGHOJKHWWRLOGLYLHWRGL VHUYLUVLGLGRPHVWLFLFULVWLDQLO¶REEOLJRGLSRUWDUHXQVHJQRULFRQRVFLELOHVXJOLDELWL LOGRYHUSUHVHQ]LDUHGXUDQWHOD4XDUHVLPDDOPHQRGXHYROWHDOOHRPHOLHGRPHQLFDOL HLOGLYLHWRGLDSULUHLQHJR]LGXUDQWHOHIHVWLYLWjFULVWLDQHYHQQHLQROWUHYLHWDWDRJQL XVFLWDGDOJKHWWRQHOFRUVRGLSURFHVVLRQLFDWWROLFKHHGXUDQWHLO7ULGXR3DVTXDOHHOD SRVVLELOLWj GL SRVVHGHUH WHUUHQL R FDVH DO GL IXRUL GHO JKHWWR 7XWWDYLD O¶HFRQRPLD . .

(134) DOO¶LQWHUQR GHOOD FRPXQLWj HEUDLFD SURVSHUDYD SRLFKp HVVR ULFHYHYD JDOOHWWH LO SURGRWWR GHO EDFR GD VHWD

(135) GDL FRQWDGLQL GHO *RUL]LDQR FKH OH XWLOL]]DYDQR FRPH PHUFHGLVFDPELRHFRPHIRUPDGLHVWLQ]LRQHGHLGHELWL*UD]LHDOO¶LQWURGX]LRQHGHOOD JHOVLFROWXUDSHULQL]LDWLYDGL0DULD7HUHVDG¶$XVWULDLOJKHWWRGL*RUL]LDGLYHQQHXQ SLFFROR FHQWUR GL WUDWWXUD H ILODWXUD GHOOD VHWD FKH GDYD ODYRUR DQFKH DG DOFXQH FHQWLQDLDGLGLSHQGHQWLFULVWLDQLLTXDOLHQWUDYDQRJLRUQDOPHQWHQHOJKHWWR2OWUHDOOD IDEEULFD]LRQH GL GUDSSL GL VHWD GL ELDQFKHULD H GL FHUD JOL (EUHL JRUL]LDQL VL VRVWHQWDYDQR JUD]LH DO FRPPHUFLR DL EDQFKL IHQHUDWL]L DJOL DIILWWL H DOOD YHQGLWD GL IRUQLWXUHSHUO¶HVHUFLWRDXVWULDFR1HOYHQQHDQFKHFRVWUXLWDODSULPD HXQLFD

(136) VLQDJRJD JRUL]LDQD 7DOH UHODWLYR EHQHVVHUH IX VHQ]¶DOWUR XQ HOHPHQWR FKH IDYRUu LO FRQVLVWHQWH WUDVIHULPHQWR GL (EUHL YHQH]LDQL D *RUL]LD LQ VHJXLWR DL SURYYHGLPHQWL SUHVL GDOOD 5HSXEEOLFD GL 9HQH]LD QHO 6H QHO OD FRPXQLWj FRQWDYD SHUVRQH QHO QH FRQWDYD H O¶DQQR VXFFHVVLYR JOL (EUHL D *RUL]LD FRVWLWXLYDQRLOGHOODSRSROD]LRQHWRWDOHFIU$OWLHUL SS

(137) 'LTXHVWR VHFROR VL ULFRUGDQR L UDEELQL $EUDPR 9LWD 5HJJLR

(138) H ,VDFFR 6DPXHOH 5HJJLR

(139) ULVSHWWLYDPHQWHSDGUHHILJOLRLTXDOLVLGHGLFDURQRDOORVWXGLRH DOO¶LQVHJQDPHQWR GHOOD 7RUDK VFULYHQGR QXPHURVH RSHUH GL FDUDWWHUH OHWWHUDULR H UHOLJLRVRWUDGXFHQGRHFRPPHQWDQGRLWHVWLVDFUL,QSDUWLFRODUH,VDFFR6DPXHOHIX WUD L SULPL VRVWHQLWRUL GHO &ROOHJLR 5DEELQLFR GL 3DGRYD H IRQGz XQ DOPDQDFFR LQWLWRODWR©6WUHQQDLVUDHOLWLFDªFKHYHQLYDGLVWULEXLWRQRQVRORD*RUL]LDPDLQWXWWD O¶(XURSDFHQWUDOH,QILQHVLULFRUGDODILJXUDGL*LXVHSSH/D]]DUR0RUSXUJR

(140) HFRQRPLVWDWUDSLDQWDWRD7ULHVWHGRYHIRQGzDOFXQHVRFLHWjDVVLFXUDWLYHHXQu DOFXQL LPSUHQGLWRUL GHO VHWWRUH LQ FLz FKH QHO VDUHEEHUR GLYHQWDWH OH ³$VVLFXUD]LRQL*HQHUDOL´ /H FRQGL]LRQL GHOOD FRPXQLWj LVUDHOLWLFD JRUL]LDQD WUDVVHUR HQRUPH EHQHILFLR GDOOD ³SDWHQWHGLWROOHUDQ]D´ 7ROHUDQ]SDWHQW

(141) GL*LXVHSSH,,GHOODTXDOHSURFODPDYD ODOLEHUWjUHOLJLRVDSHUWXWWLLVXGGLWLGHOO¶LPSHURPDVRSUDWWXWWRGDOOD-XGHQRUQXQJ XQ¶RUGLQDQ]D HPDQDWD D *RUL]LD H *UDGLVFD QHO OD TXDOH VDQFLYD GHILQLWLYDPHQWH OD WRWDOH HTXLSDUD]LRQH GHL GLULWWL H GHL GRYHUL GHJOL (EUHL D TXHOOL GHJOLDOWULVXGGLWL /HQXRYHGLVSRVL]LRQLFRPSUHQGHYDQRODSRVVLELOLWjGLHVHUFLWDUH TXDOVLDVL PHVWLHUH WUDQQH OD JHVWLRQH GL RVWHULH SHU OD UDJLRQH FKH HVVH DYUHEEHUR IDYRULWR O¶R]LR

(142) O¶DEROL]LRQH GHO VHJQR YLVLELOH GD SRUWDUH VXJOL DELWL O¶HUH]LRQH GL QXRYH VLQDJRJKH H FLPLWHUL ULVHUYDWL OD FHVVD]LRQH GHOOD JLXULVSUXGHQ]D UDEELQLFD O¶LQWURGX]LRQH GL XQD VFXROD WHGHVFD LQ RJQL FRPXQLWj H LO YLQFROR GL LQL]LDUH OR . .

(143) VWXGLRGHO7DOPXGHGLVSRVDUVLSUHYLDGLPRVWUD]LRQHGLVDSHUSDGURQHJJLDUHODOLQJXD WHGHVFD ,QROWUH OH UHFOXWH OD FRVFUL]LRQH REEOLJDWRULD HUD VWDWD LVWLWXLWD QHO

(144) DYHYDQRODIDFROWjGLVFHJOLHUHLOFRUSRLQFXLSUHVWDUHVHUYL]LRLQPRGRWDOHGDSRWHU FRQFLOLDUHODYLWDPLOLWDUHHLQXPHURVLSUHFHWWLUHOLJLRVLGHOSURSULRFUHGR SHUTXHVWR PRWLYRYHQLYDQRVROLWDPHQWHDVVHJQDWLDLFDUULDJJL

(145) *UD]LHDWXWWRFLzODFRPXQLWj HEUDLFD GL *RUL]LD SDVVz GD FRPSRQHQWH WROOHUDWD D IDWWRUH HFRQRPLFR H VRFLDOH GL YLWDOH LPSRUWDQ]D IDYRUHQGR FRVu TXHOOD SURJUHVVLYD LQWHJUD]LRQH FRQ LO UHVWR GHOOD SRSROD]LRQH FLWWDGLQD FKH DYUHEEH VHPSUH SL FDUDWWHUL]]DWR OD FRPXQLWj JRUL]LDQD QHLVHFROLDYHQLUH7XWWDYLD*LXVHSSH,,DYHYDLQWURGRWWRFRQXQDSDWHQWHGHO DQFKH O¶REEOLJR GL DEEDQGRQDUH LO FRJQRPH HEUDLFR H GL DVVXPHUQH XQR GL RULJLQH WHGHVFDRSHUORPHQRFULVWLDQDPLVXUDFKHD*RUL]LDQRQWURYzDOFXQDUHVLVWHQ]DGDO PRPHQWRFKHOHIDPLJOLHGHOJKHWWRSRVVHGHYDQRJLjWXWWHXQFRJQRPHRGLRULJLQH WHGHVFD R GL WUDGL]LRQH ELEOLFRFULVWLDQD /¶XQLFD IDPLJOLD GHO JKHWWR FKH QRQ SRVVHGHYD XQ FRJQRPH FRQ WDOL FDUDWWHULVWLFKH HUD OD IDPLJOLD &RUPzQV HYLGHQWHPHQWH SURYHQLHQWH GDO JKHWWR GL WDOH ORFDOLWj

(146) OD TXDOH VFHOVH GL FKLDPDUVL +HU]HQDX TXDVLFRQFDOFRVHPDQWLFRGL GDV

(147) +HU]µFXRUH¶HLOVXIILVVRDXSUHVHQWH LQ PROWLVVLPL WRSRQLPL DXVWULDFL VHFRQGR XQD GLIIXVD FUHGHQ]D HWLPRORJLFD HUUDWD FKHYHGH&RUPzQVGHULYDUHGDFRUPRQWLXPµLOFXRUHGHLPRQWL¶FIU%RODIILR SS

(148) 6LJQLILFDWLYRGHLUDSSRUWLVROLGDOLWUDODFRPXQLWjFULVWLDQDHTXHOODHEUDLFD IX LO JLj PHQ]LRQDWR ULILXWR GD SDUWH GHO VHFRQGR DUFLYHVFRYR GL *RUL]LD 5RGROIR G¶(GOLQJ GL SXEEOLFDUH O¶HGLWWR GL *LXVHSSH ,, VFHOWD FKH JOL FRVWz OD VHGH DUFLYHVFRYLOH ,IDVWLGHO6HWWHFHQWRJRUL]LDQRVLFRQFOXVHURFRQO¶DUULYRGL1DSROHRQH%RQDSDUWHLQ FLWWj LO PDU]R FDXVDQGR VFRPSLJOLR VXO SLDQR SROLWLFRDPPLQLVWUDWLYR H VHJQDQGRFRQVHJXHQWHPHQWHXQDUUHVWR±PRPHQWDQHRPDLQFLVLYR±DOORVYLOXSSR FRPPHUFLDOHHSURGXWWLYRGHOO¶DUHDFKHGLYHQXWDDUHDG¶DVVHGLRQRQHUDSLOXRJR VLFXURSHULWUDIILFLHSHUO¶DYYLRGLDWWLYLWjSURGXWWLYH,O*RUL]LDQRGLYHQQH]RQDGL SDVVDJJLRGLHVHUFLWLFRQWUDSSRVWLHSHUEHQWUHYROWH QHOQHOHLQILQHWUD LOHLO

(149) FDGGHLQPDQRDL)UDQFHVL/¶,VRQ]RGLYHQQHLOFRQILQHWUDLO5HJQR G¶,WDOLD H LO 5HJQR ,OOLULFR FRQILQH DQQXOODWR VXFFHVVLYDPHQWH FRQ LO 7UDWWDWR GL &DPSRIRUPLR

(150) FRQ LO TXDOH YHQLYD VRSSUHVVD OD 5HSXEEOLFD GL 9HQH]LD H *RUL]LD ULWRUQDYD DOO¶$XVWULD VROR GXH DQQL GRSR OD FHVVD]LRQH XIILFLDOH GHO 6DFUR 5RPDQR,PSHUR

(151) 1RQDFDVRLSULPLGHFHQQLGHOO¶2WWRFHQWRYHQJRQRDQFKH FKLDPDWL ³JOL DQQL GHOOD IDPH´ QRQ VROR D FDXVD GHOOH GHYDVWD]LRQL SURGRWWH GDOOH . .

(152) JXHUUHQDSROHRQLFKHPDDQFKHDFDXVDGLXQDJUDYHFDUHVWLDFKHFROSuWXWWDO¶(XURSD &RQVHJXHQ]DQDWXUDOHGLXQDWDOHVLWXD]LRQHIXODGUDVWLFDGLPLQX]LRQHGHLWUDIILFLH GHL FRPPHUFL FKH GD VHPSUH FRVWLWXLVFRQR JOL LQGLFDWRUL HFRQRPLFL SULQFLSDOL GDL TXDOL GHVXPHUH LO OLYHOOR GL SURVSHULWj GL XQD GDWD UHJLRQH $O SUREOHPD GHOOH UHTXLVL]LRQLPLOLWDULDQGDYDDJJLXQWRORVFRSSLRGLHSLGHPLHO¶DFFDWWRQDJJLRODIXJD GLPROWLFLWWDGLQLYHUVROHPRQWDJQH±QHOO¶DUFRGLGXHGHFHQQL*RUL]LDSDVVzGDXQD SRSROD]LRQH GL DELWDQWL GHOOD ILQH GHO 6HWWHFHQWR D XQD GL DELWDQWL QHO FIU)DEL S

(153) ±HORVFDUVRVYLOXSSRHGLOL]LRHO¶DEEDQGRQRGL*RUL]LD GDSDUWHGLLQYHVWLWRULVWUDQLHULFKHSUHIHULURQRPXRYHUVLYHUVR]RQHSLVLFXUHHSL ULFFKH/DFLWWjGLYHQQHRJJHWWRGLWUDWWDWLVFDPELHFRQFHVVLRQLGLSORPDWLFKHILQRD FKHOD3DFHGL3DULJL

(154) HLO&RQJUHVVRGL9LHQQD

(155) SRVHURILQHDOODJUDQGH LQVWDELOLWjSROLWLFD±HGLFRQVHJXHQ]DHFRQRPLFD±FKHVLHUDYHQXWDDFUHDUHFRQLO SDVVDJJLR GHJOL HVHUFLWL 7XWWDYLD OH PLVXUH LQWURGRWWH GDOOD SROLWLFD GHOOD 5HVWDXUD]LRQH DVEXUJLFD FKH ULVSHWWR DO SHULRGR WHUHVLDQRJLXVHSSLQLVWD VL ULYHODURQR UHJUHVVLYH DQFKH VXO SLDQR GHL UDSSRUWL FRQ OD FRPXQLWj HEUDLFD

(156) VL WUDGXVVHUR LQ XQ FOLPD GL JUDQGH GLIILGHQ]D QHL FRQIURQWL GL RJQL QXRYD LQL]LDWLYD DPPLQLVWUDWLYD FRPPHUFLDOH H DVVRFLDWLYD WDQWR q YHUR FKH DQFKH OD ULYROX]LRQH LQGXVWULDOH VWHQWz D SUHQGHUH SLHGH QRQ VROR D *RUL]LD PD LQ WXWWR O¶LPSHUR DXVWULDFR