• Non ci sono risultati.

in italiano...

N/A
N/A
Protected

Academic year: 2021

Condividi "in italiano..."

Copied!
35
0
0

Testo completo

(1). +DLFHUFDWR GLULWWLGHOO 8RPR¬OLEHUWjHVLFXUH]]DDUW&RQY¬. 0LQLVWHURGHOOD*LXVWL]LD6HQWHQ]HGHOOD&RUWH(XURSHDGHL'LULWWLGHOO 8RPR. . GDWDGLSXEEOLFD]LRQH¬$QQR¬!VHWWHPEUH¬!¬. . 7RUQDLQGLHWUR. 6HQWHQ]DGHOOD&RUWH(XURSHDGHL'LULWWLGHOO 8RPRGHOƒVHWWHPEUH5LFRUVRQ &DXVD.KODLILDHDOWULF,WDOLD ‹0LQLVWHURGHOOD*LXVWL]LD'LUH]LRQH*HQHUDOHGHO&RQWHQ]LRVRHGHL'LULWWL8PDQLWUDGX]LRQHHVHJXLWDGDOODGRWWVVD0DULD&DWHULQD7HFFDIXQ]LRQDULR OLQJXLVWLFRS! 3HUPLVVLRQWRUHSXEOLVKWKLVWUDQVODWLRQKDVEHHQJUDQWHGE\WKH,WDOLDQ0LQLVWU\RI-XVWLFHIRUWKHVROHSXUSRVHRILWVLQFOXVLRQLQWKH&RXUW VGDWDEDVH+8'2& &257((8523($'(,',5,77,'(//·8202 6(&21'$6(=,21( &DXVD.KODLILDHDOWULF,7$/,$ 5LFRUVRQ

(2) 6(17(1=$ 675$6%85*2 ƒVHWWHPEUH 4XHVWDVHQWHQ]DGLYHUUjGHILQLWLYDDOOHFRQGL]LRQLGHILQLWHQHOO DUWLFROR†GHOOD&RQYHQ]LRQH3XzVXELUHPRGLILFKHGLIRUPD 1HOODFDXVD.KODLILDHDOWULF,WDOLD /D&RUWHHXURSHDGHLGLULWWLGHOO·XRPR VHFRQGDVH]LRQH

(3) ULXQLWDLQXQDFDPHUDFRPSRVWDGD ,Ă×O.DUDNDĂSUHVLGHQWH *XLGR5DLPRQGL $QGUiV6DMy 1HERMåD9XĆLQLĄ +HOHQ.HOOHU 3DXO/HPPHQV 5REHUW6SDQRJLXGLFL HGD6WDQOH\1DLVPLWKFDQFHOOLHUHGLVH]LRQH 'RSRDYHUGHOLEHUDWRLQFDPHUDGLFRQVLJOLRLOJLXJQR 3URQXQFLDODVHJXHQWHVHQWHQ]DDGRWWDWDLQWDOHGDWD KWWSVZZZJLXVWL]LDLWJLXVWL]LDLWPJBBBZS"IDFHW1RGHB BBB IDFHW1RGHB B 

(4) IDFHW1RGHB B 

(5) IDFHW1RGHB B 

(6) SUHYLVLRXV3DJH PJBB FRQWHQW,G 6'8. .

(7) . 0LQLVWHURGHOOD*LXVWL]LD6HQWHQ]HGHOOD&RUWH(XURSHDGHL'LULWWLGHOO 8RPR. 352&('85$ $OO·RULJLQHGHOODFDXVDYLqXQULFRUVR Q

(8) SUHVHQWDWRFRQWUROD5HSXEEOLFDLWDOLDQDFRQFXLWUHFLWWDGLQLWXQLVLQLVLJJ6DEHU%HQ0RKDPHG%HQ$OL .KODLILD)DNKUHGGLQH%HQ%UDKLP%HQ0XVWDSKD7DEDOH0RKDPHG%HQ+DELE%HQ-DEHU6IDU ©LULFRUUHQWLª

(9) KDQQRDGLWROD&RUWHLOPDU]RDLVHQVL GHOO·DUWLFRORGHOOD&RQYHQ]LRQHSHUODVDOYDJXDUGLDGHLGLULWWLGHOO·XRPRHGHOOHOLEHUWjIRQGDPHQWDOL ©OD&RQYHQ]LRQHª

(10)  ,ULFRUUHQWLVRQRVWDWLUDSSUHVHQWDWLGDJOLDYY/00DVHUDH6=LUXOLDGHOIRURGL0LODQR,OJRYHUQRLWDOLDQR ©LO*RYHUQRª

(11) qVWDWRUDSSUHVHQWDWRGDOVXR DJHQWH(6SDWDIRUD ,ULFRUUHQWLDIIHUPDQRFKHLOORURWUDWWHQLPHQWRLQXQFHQWURGLDFFRJOLHQ]DSHUPLJUDQWLLQVLWXD]LRQHLUUHJRODUHqDYYHQXWRLQYLROD]LRQHGHJOLDUWLFROLH GHOOD&RQYHQ]LRQH$IIHUPDQRLQROWUHGLHVVHUHVWDWLRJJHWWRGLXQDHVSXOVLRQHFROOHWWLYDHGLQRQGLVSRUUHQHOGLULWWRLWDOLDQRGLDOFXQULFRUVRHIIHWWLYRSHU GHQXQFLDUHODYLROD]LRQHGHLORURGLULWWLIRQGDPHQWDOL ,OQRYHPEUHLOULFRUVRqVWDWRFRPXQLFDWRDO*RYHUQR ,1)$772 ,/(&,5&267$1=('(/&$62',63(&,( ,ULFRUUHQWLVRQRQDWLULVSHWWLYDPHQWHQHOH,OVLJ.KODLILD LO©SULPRULFRUUHQWHª

(12) qUHVLGHQWHD2P/DDUDVV 7XQLVLD

(13) LVLJJ7DEDOH6IDU LO ©VHFRQGRHLOWHU]RULFRUUHQWHª

(14) VRQRUHVLGHQWLD(O0DKGLD 7XQLVLD

(15)  $/RVEDUFRGHLULFRUUHQWLVXOOHFRVWHLWDOLDQHHODORURHVSXOVLRQHYHUVROD7XQLVLD ,OHLOVHWWHPEUH²ULVSHWWLYDPHQWHSHULOSULPRHSHULOVHFRQGRHWHU]RGLORUR²LULFRUUHQWLODVFLDURQRFRQDOWUHSHUVRQHOD7XQLVLDDERUGRGL LPEDUFD]LRQLGLIRUWXQDDOORVFRSRGLUDJJLXQJHUHOHFRVWHLWDOLDQH'RSRYDULHRUHGLQDYLJD]LRQHOHLPEDUFD]LRQLIXURQRLQWHUFHWWDWHGDOODJXDUGDFRVWLHUD LWDOLDQDFKHOLVFRUWzILQRDOSRUWRGHOO·LVRODGL/DPSHGXVD,ULFRUUHQWLJLXQVHURVXOO·LVRODULVSHWWLYDPHQWHLOHLOVHWWHPEUH ,ULFRUUHQWLIXURQRWUDVIHULWLDO&HQWURGL6RFFRUVRH3ULPD$FFRJOLHQ]D GLVHJXLWRLO©&63$ª

(16) VLWXDWRD&RQWUDGD,PEULDFRODGRYHGRSRDYHUHGLVSHQVDWRL SULPLVRFFRUVLOHDXWRULWjSURFHGHWWHURDOODORURLGHQWLILFD]LRQH (VVLIXURQRVLVWHPDWLLQXQVHWWRUHGHOFHQWURULVHUYDWRDL7XQLVLQLDGXOWL,ULFRUUHQWLDIIHUPDQRGLHVVHUHVWDWLDFFROWLLQVSD]LVRYUDIIROODWLHVSRUFKLHGL HVVHUHVWDWLREEOLJDWLDGRUPLUHVXOSDYLPHQWRDFDXVDGHOODVFDUVLWjGLOHWWLGLVSRQLELOLHGHOODFDWWLYDTXDOLWjGHLPDWHUDVVL,SDVWLYHQLYDQRFRQVXPDWL DOO·HVWHUQRVHGXWLSHUWHUUD,OFHQWURYHQLYDVRUYHJOLDWRLQSHUPDQHQ]DGDOOHIRU]HGHOO·RUGLQHLQPRGRFKHTXDOVLDVLFRQWDWWRFRQO·HVWHUQRHUDLPSRVVLELOH ,ULFRUUHQWLULPDVHURQHOFHQWURGLDFFRJOLHQ]DILQRDOVHWWHPEUHTXDQGRVFRSSLzXQDYLROHQWDULYROWDWUDLPLJUDQWL,OXRJKLIXURQRGHYDVWDWLGDXQ LQFHQGLRHLULFRUUHQWLIXURQRWUDVSRUWDWLDOSDUFRVSRUWLYRGL/DPSHGXVDSHUSDVVDUYLODQRWWH$OO·DOEDGHOVHWWHPEUHHVVLULXVFLURQRLQVLHPHDGDOWUL PLJUDQWLDHOXGHUHODYLJLODQ]DGHOOHIRU]HGHOO·RUGLQHHDUDJJLXQJHUHLOSDHVHGL/DPSHGXVD'DOuLQL]LDURQRLQVLHPHDGDOWULPLJUDQWLFLUFDGHOOH PDQLIHVWD]LRQLGLSURWHVWDQHOOHVWUDGHGHOO·LVROD)HUPDWLGDOODSROL]LDLULFRUUHQWLIXURQRULFRQGRWWLSULPDQHOFHQWURGLDFFRJOLHQ]DHSRLDOO·DHURSRUWRGL /DPSHGXVD ,OPDWWLQRGHOVHWWHPEUHLULFRUUHQWLIXURQRLPEDUFDWLLQDHUHLFRQGHVWLQD]LRQH3DOHUPR8QDYROWDVEDUFDWLIXURQRWUDVIHULWLDERUGRGLQDYL RUPHJJLDWHQHOSRUWRGHOODFLWWj,OSULPRULFRUUHQWHVDOuVXO©9LQFHQWªFRQDOWUHSHUVRQHFLUFDPHQWUHLOVHFRQGRHLOWHU]RULFRUUHQWHIXURQRFRQGRWWLD ERUGRGHOODQDYH©$XGDFLDªFRQFLUFDSHUVRQH 6HFRQGRODYHUVLRQHGHLULFRUUHQWLVXFLDVFXQDQDYHLPLJUDQWLIXURQRUDJJUXSSDWLWXWWLLQVLHPHQHLVDORQLULVWRUDQWHLQTXDQWRO·DFFHVVRDOOHFDELQHHUD YLHWDWR,ULFRUUHQWLDIIHUPDQRGLDYHUHGRUPLWRSHUWHUUDHDWWHVRYDULHRUHSHUSRWHUXWLOL]]DUHOHWRLOHWWH3RWHYDQRXVFLUHVXLEDOFRQLGHOOHQDYLGXHYROWHDO JLRUQRVROWDQWRSHUSRFKLPLQXWL,ULFRUUHQWLDIIHUPDQRGLHVVHUHVWDWLLQVXOWDWLHPDOWUDWWDWLGDJOLDJHQWLGLSROL]LDFKHOLVRUYHJOLDYDQRLQFRQWLQXD]LRQHHGLQRQ DYHUULFHYXWRDOFXQDLQIRUPD]LRQHGDSDUWHGHOOHDXWRULWj ,ULFRUUHQWLULPDVHURDERUGRGHOOHQDYLULVSHWWLYDPHQWHILQRDOHDOVHWWHPEUHGDWHQHOOHTXDOLIXURQRWUDVSRUWDWLDOO·DHURSRUWRGL3DOHUPRSHUHVVHUH ULPSDWULDWL 3ULPDGLVDOLUHVXJOLDHUHLLPLJUDQWLIXURQRULFHYXWLGDOFRQVROHGHOOD7XQLVLD6HFRQGRLULFRUUHQWLTXHVW·XOWLPRVLVDUHEEHOLPLWDWRDUHJLVWUDUHLORURGDWL DQDJUDILFLFRQIRUPHPHQWHDJOLDFFRUGLLWDORWXQLVLQLFRQFOXVLQHOO·DSULOH SDUDJUDILLQIUD

(17)  KWWSVZZZJLXVWL]LDLWJLXVWL]LDLWPJBBBZS"IDFHW1RGHB BBB IDFHW1RGHB B 

(18) IDFHW1RGHB B 

(19) IDFHW1RGHB B 

(20) SUHYLVLRXV3DJH PJBB FRQWHQW,G 6'8. .

(21) . 0LQLVWHURGHOOD*LXVWL]LD6HQWHQ]HGHOOD&RUWH(XURSHDGHL'LULWWLGHOO 8RPR. 1HOIRUPXODULRGLULFRUVRLULFRUUHQWLKDQQRDIIHUPDWRFKHSHUWXWWDODGXUDWDGHOODORURSHUPDQHQ]DLQ,WDOLDQRQqPDLVWDWRULODVFLDWRORURDOFXQGRFXPHQWR ,QDOOHJDWRDOOHVXHRVVHUYD]LRQLLO*RYHUQRKDWXWWDYLDSURGRWWRWUHGHFUHWLGLUHVSLQJLPHQWRGDWDWLHVHWWHPEUHDGRWWDWLQHLFRQIURQWLGHLULFRUUHQWL ,OWHVWRGLWDOLGHFUHWLLQVRVWDQ]DLGHQWLFLHUHGDWWLLQLWDOLDQRFRQXQDWUDGX]LRQHLQOLQJXDDUDEDHUDLOVHJXHQWH ©,O4XHVWRUHGHOODSURYLQFLDGL$JULJHQWR 9LVWLJOLDWWLGHOIDVFLFRORGDFXLULVXOWDFKH 

(22) LQGDWD>@VHWWHPEUHLOSHUVRQDOHDSSDUWHQHQWHDOOHIRU]HGHOO·RUGLQHKDWURYDWRQHOODSURYLQFLDGL$JULJHQWRYLFLQRDOODOLQHDGLFRQILQHYLFLQRDOOD IURQWLHUDGHOO·LVRODGL/DPSHGXVDLOVLJ«>FRJQRPHHQRPH@QDWRD 

(23) LO>GDWD@ 

(24) FLWWDGLQRWXQLVLQR 

(25) QRQFRPSOHWDPHQWHLGHQWLILFDWRLQTXDQWRSULYR GLGRFXPHQWL VHGLFHQWH

(26)  

(27) ORVWUDQLHURqHQWUDWRQHOWHUULWRULRGHOOR6WDWRVRWWUDHQGRVLDLFRQWUROOLGLIURQWLHUD 

(28) LOULQWUDFFLRGHOORVWUDQLHURKDDYXWROXRJRDOO·HQWUDWDLPPHGLDWDPHQWHGRSRO·HQWUDWDQHOWHUULWRULRQD]LRQDOHHSUHFLVDPHQWHLVRODGL/DPSHGXVD $77(62FKHQRQqUDYYLVDELOHDOFXQDGHOOHLSRWHVLGLFXLDOO·DUWLFRORFGHOGHFUHWROHJLVODWLYRQGHO &216,'(5$1'2FKHVLGHYHSURFHGHUHDLVHQVLGHOO·DUWLFRORFGHOGHFUHWROHJLVODWLYRQGHO ',6321( ,/5(63,1*,0(172&21$&&203$*1$0(172$//$)5217,(5$ 'HOODSHUVRQDVRSUDPHQ]LRQDWD ,1)250$ FKHLOSUHVHQWHGHFUHWRSXzHVVHUHLPSXJQDWRHQWURXQWHUPLQHGLVHVVDQWDJLRUQLDGHFRUUHUHGDOODVXDQRWLILFDGLQDQ]LDOJLXGLFHGLSDFHGL$JULJHQWR FKHODSUHVHQWD]LRQHGHOULFRUVRQRQVRVSHQGHLQDOFXQFDVRO·HIILFDFLDGHOSUHVHQWHGHFUHWR >FKH@LOGLUHWWRUHGHOO·XIILFLRLPPLJUD]LRQHSURFHGHUjLQHVHFX]LRQHGHOSUHVHQWHGHFUHWRDOODQRWLILFDGHOORVWHVVRHGLXQDFRSLDVLQWHWLFDPHQWHWUDGRWWD YHUVRXQDOLQJXDFRQRVFLXWDGDOORVWUDQLHURRSSXUHYHUVRODOLQJXDLQJOHVHIUDQFHVHRVSDJQRODDOODVXDFRPXQLFD]LRQHDOODUDSSUHVHQWDQ]DGLSORPDWLFDR FRQVRODUHGHOOR6WDWRGLRULJLQHVHFRQGRTXDQWRSUHYLVWRGDOO·DUWLFRORFGHOGHFUHWROHJLVODWLYRQGHOHDOODVXDUHJLVWUD]LRQHDLVHQVL GHOO·DUWLFRORFGHOORVWHVVRGHFUHWROHJLVODWLYR $FFRPSDJQDPHQWRDOODIURQWLHUDGL5RPD)LXPLFLQR >)DWWRD@$JULJHQWR>LO@>@3HULO&DSRGHOOD3ROL]LD >)LUPD@ª ,GHFUHWLVXGGHWWLHUDQRDFFRPSDJQDWLGDXQYHUEDOHGLQRWLILFDFKHUHFDYDOHVWHVVHGDWHDQFK·HVVRUHGDWWRLQLWDOLDQRHPXQLWRGLWUDGX]LRQHLQDUDER 1HOORVSD]LRULVHUYDWRDOODILUPDGHLULFRUUHQWLGHWWLYHUEDOLUHFDQRO·DQQRWD]LRQHPDQRVFULWWD©>O·LQWHUHVVDWR@VLULILXWDGLILUPDUHHULFHYHUHFRSLDª $UULYDWLDOO·DHURSRUWRGL7XQLVLLULFRUUHQWLIXURQROLEHUDWL %/·RUGLQDQ]DGHOJLXGLFHSHUOHLQGDJLQLSUHOLPLQDULGL3DOHUPR $OFXQHDVVRFLD]LRQLGLORWWDFRQWURLOUD]]LVPRSUHVHQWDURQRGHQXQFLDSHULWUDWWDPHQWLDLTXDOLHUDQRVWDWLVRWWRSRVWLLPLJUDQWLGRSRLOVHWWHPEUHD ERUGRGHOOHQDYL©$XGDFLDª©9LQFHQWªH©)DQWDV\ª 8QSURFHGLPHQWRSHQDOHSHUDEXVRG·XIILFLRHDUUHVWRLOOHJDOH DUWLFROLHGHOFRGLFHSHQDOH

(29) IXDYYLDWRFRQWURLJQRWL,ODSULOHLOSXEEOLFR PLQLVWHURFKLHVHO·DUFKLYLD]LRQHGHOSURFHGLPHQWR &RQXQ·RUGLQDQ]DUHVDLOƒJLXJQRLOJLXGLFHSHUOHLQGDJLQLSUHOLPLQDUL GLVHJXLWRLO©*,3ª

(30) GL3DOHUPRDFFROVHODULFKLHVWDGHOSXEEOLFRPLQLVWHUR 1HOOHVXHPRWLYD]LRQLLO*,3VRWWROLQHzFKHLOIDWWRGLDYHUHSRVWRLPLJUDQWLQHO&63$HUDILQDOL]]DWRDGDFFRJOLHUOLDVVLVWHUOLSURYYHGHUHDOOHORURQHFHVVLWj LJLHQLFKHSHULOWHPSRVWUHWWDPHQWHQHFHVVDULRSULPDGLFRQGXUOLLQXQ&,( FHQWURGLLGHQWLILFD]LRQHHGHVSXOVLRQH

(31) RGLDGRWWDUHPLVXUHLQORURIDYRUH$O&63$ LPLJUDQWLSRWHYDQREHQHILFLDUHGLXQ·DVVLVWHQ]DJLXULGLFDHRWWHQHUHLQIRUPD]LRQLUHODWLYHDOOHSURFHGXUHGDVHJXLUHSHUSUHVHQWDUHXQDGRPDQGDGLDVLOR ,O*,3FRQGLYLVHODSUHPHVVDGHOSXEEOLFRPLQLVWHURVHFRQGRODTXDOHO·LQWHUSUHWD]LRQHGHOOHFRQGL]LRQLUHODWLYHDLPRWLYLHDOODGXUDWDGHOODSHUPDQHQ]DGHL KWWSVZZZJLXVWL]LDLWJLXVWL]LDLWPJBBBZS"IDFHW1RGHB BBB IDFHW1RGHB B 

(32) IDFHW1RGHB B 

(33) IDFHW1RGHB B 

(34) SUHYLVLRXV3DJH PJBB FRQWHQW,G 6'8. .

(35) . 0LQLVWHURGHOOD*LXVWL]LD6HQWHQ]HGHOOD&RUWH(XURSHDGHL'LULWWLGHOO 8RPR. PLJUDQWLQHOOH&63$HUDDYROWHYDJDHJOLFRQVLGHUzWXWWDYLDFKHHQWUDYDQRLQJLRFRPROWLVVLPHFRQVLGHUD]LRQLFKHHVFOXGHYDQRFKHLIDWWLGHOODSUHVHQWHFDXVD VLDQRFRVWLWXWLYLGLXQUHDWR ©XQDWHQGHQ]LDOHIRU]DWXUDGHLUHTXLVLWLGHOOD¶VWUXPHQWDOLWj·HGHOOD¶ULVWUHWWH]]DWHPSRUDOH·qVSHVVRFDXVDWDGDXQDPROWHSOLFLWj GLIDWWRULFKHHVFOXGRQRFRQVLFXUH]]DODSRVVLELOLWjGLFRQILJXUDUHLQWDOLIDWWLVSHFLHLOOHFLWLGLULOLHYRSHQDOHª

(36)  ,O*,3RVVHUYzFKHOD4XHVWXUDGL$JULJHQWRVLHUDOLPLWDWDDUHJLVWUDUHODSUHVHQ]DGLPLJUDQWLDO&63$VHQ]DDGRWWDUHGHFLVLRQLFKHGLVSRQHVVHURLOWUDWWHQLPHQWR GHJOLVWHVVL 6HFRQGRLO*,3O·HTXLOLEULRSUHFDULRUDJJLXQWRVXOO·LVRODGL/DPSHGXVDHUDVWDWRURWWRLOVHWWHPEUHTXDQGRXQJUXSSRGL7XQLVLQLDYHYDSURYRFDWRXQ LQFHQGLRGRORVRGDQQHJJLDQGRVHULDPHQWHLO&63$GL&RQWUDGD,PEULDFRODHUHQGHQGRORLQLGRQHRDVRGGLVIDUHOHHVLJHQ]HOHJDWHDOO·DFFRJOLHQ]DHDOVRFFRUVR GHLPLJUDQWL/HDXWRULWjDYHYDQRDOORUDRUJDQL]]DWRXQSRQWHDHUHRHQDYDOHDOORVFRSRGLHYDFXDUHLPLJUDQWLGD/DPSHGXVD,OJLRUQRGRSRVLHUDQRYHULILFDWL GHJOLVFRQWULDOSRUWRGHOO·LVRODWUDODSRSROD]LRQHORFDOHHXQJUXSSRGLVWUDQLHULFKHDYHYDPLQDFFLDWRGLIDUHVSORGHUHGHOOHERPEROHGLJDV9LHUDSHUFLzXQD VLWXD]LRQHFKHULVFKLDYDGLGHJHQHUDUHHGHUDFRSHUWDGDOODQR]LRQHGLVWDWRGLQHFHVVLWjGLFXLDOO·DUWLFRORGHOFRGLFHSHQDOH SDUDJUDIRLQIUD

(37) 3HUWDQWR FRQFOXVHLO*,3HUDQHFHVVDULRSURFHGHUHDOWUDVIHULPHQWRLPPHGLDWRGLXQDSDUWHGHLPLJUDQWLXWLOL]]DQGRWUDO·DWURGHOOHQDYL 3HUTXDQWRULJXDUGDLOIDWWRFKHLQTXHVWDVLWXD]LRQHGLHPHUJHQ]DQRQIRVVHVWDWDDGRWWDWDDOFXQDGHFLVLRQHIRUPDOHGLWUDWWHQLPHQWRDERUGRGLQDYLLO*,3 ULWHQQHFKHTXHVWRQRQSRWHVVHHTXLYDOHUHDGXQDUUHVWRLOOHJDOHHFKHOHFRQGL]LRQLSHUXQWUDVIHULPHQWRGHLPLJUDQWLLQXQ&,(QRQIRVVHURVRGGLVIDWWH,Q HIIHWWLGDXQDSDUWHL&,(HUDQRJLjVRYUDIIROODWLGDOO·DOWUDJOLDFFRUGLFRQFOXVLFRQOHDXWRULWjWXQLVLQHIDFHYDQRSHQVDUHFKHLOULPSDWULRGRYHVVHHVVHUH LPPHGLDWR,OIDWWRFKHVLDVWDWDDSSOLFDWDDJOLLQWHUHVVDWLXQDPLVXUDGLUHVSLQJLPHQWRVHQ]DFRQWUROORJLXULVGL]LRQDOHDGRWWDWDYDULJLRUQLGRSRORVEDUFRQRQ HUDLOOHJLWWLPRVHFRQGRLO*,3,OFDOFRORGHO©WHUPLQHUDJLRQHYROHªSHUO·DGR]LRQHGLWDOLDWWLHSHUODSHUPDQHQ]DGHJOLVWUDQLHULQHO&63$GRYHYDWHQHUHFRQWR GHOOHGLIILFROWjORJLVWLFKH VWDWRGHOPDUHGLVWDQ]DWUDO·LVRODGL/DPSHGXVDHOD6LFLOLD

(38) HGHOQXPHURGLPLJUDQWLLQWHUHVVDWL,QTXHVWHFLUFRVWDQ]HFRQFOXVHLO *,3QRQYLHUDVWDWDYLROD]LRQHGHOODOHJJH 3HUDOWURFRQVLGHUzLO*,3QRQSRWHYDHVVHUHLPSXWDWRDOFXQGRORDOOHDXWRULWjODFXLFRQGRWWDHUDVWDWDGHWWDWDLQSULPROXRJRGDOO·LQWHUHVVHSXEEOLFR SHUVHJXLWR,PLJUDQWLQRQDYHYDQRVXELWRDOFXQGDQQRLQJLXVWR 1HOODPLVXUDLQFXLLGHQXQFLDQWLODPHQWDYDQRFKHLOPRGRLQFXLHUDQRVWDWLWUDWWDWLLPLJUDQWLDYHYDPHVVRLQSHULFRORODORURVDOXWHLO*,3RVVHUYzFKHGDOOH LQGDJLQLULVXOWDYDFKHQHVVXQDGHOOHSHUVRQHDERUGRGHOOHQDYLDYHYDSUHVHQWDWRGRPDQGDGLDVLOR&RORURFKHQHO&63$GL/DPSHGXVDDYHYDQRPDQLIHVWDWR O·LQWHQ]LRQHGLDJLUHLQWDOVHQVRLQVLHPHDLVRJJHWWLYXOQHUDELOLHUDQRVWDWLWUDVIHULWLQHLFHQWULGL7UDSDQL&DOWDQLVVHWWDH)RJJLD,PLQRULQRQDFFRPSDJQDWL HUDQRVWDWLSRVWLLQVWUXWWXUHDGKRFHDERUGRGHOOHQDYLQRQHUDQRSUHVHQWLGRQQHLQFLQWH6XOOHQDYLLPLJUDQWLDYHYDQRSRWXWREHQHILFLDUHGLXQ·DVVLVWHQ]D PHGLFDGLDFTXDFDOGDGLHOHWWULFLWjGLSDVWLHEHYDQGHFDOGL3HUDOWURGDXQDQRWDGLXQ·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

(39) HFKHODSURWH]LRQHFLYLOH DYHYDPHVVRDORURGLVSRVL]LRQHGHLFDSLGLDEELJOLDPHQWR$OFXQLPLJUDQWLODPHQWDYDQRO·DVVHQ]DGLUDVRLPDLOGHSXWDWRDYHYDRVVHUYDWRFKHVLWUDWWDYDGL XQDPLVXUDYROWDDHYLWDUHDWWLGLDXWROHVLRQLVPR ,O*,3RVVHUYzFKHEHQFKpLPLJUDQWLQRQIRVVHURLQVWDWRGLGHWHQ]LRQHRGLDUUHVWRXQDIRWRDSSDUVDVXXQJLRUQDOHPRVWUDYDXQRGLORURFRQOHPDQLOHJDWH GDEHQGHQHUHHDFFRPSDJQDWRGDXQDJHQWHGLSROL]LD/·LQWHUHVVDWRIDFHYDSDUWHGLXQJUXSSRULVWUHWWRGLSHUVRQHFKHWHPHQGRXQULPSDWULRLPPLQHQWH DYHYDQRFRPPHVVRGHJOLDWWLGLDXWROHVLRQLVPRHDYHYDQRGDQQHJJLDWRDOFXQLDXWREXV6HFRQGRLO*,3O·DSSRVL]LRQHGHOOHEHQGHHUDQHFHVVDULDSHUJDUDQWLUH O·LQWHJULWjILVLFDGHOOHSHUVRQHLQWHUHVVDWHHSHUHYLWDUHDWWLDJJUHVVLYLQHLFRQIURQWLGHJOLDJHQWLGLSROL]LDFKHQRQHUDQRQpDUPDWLQpGRWDWLGLDOWULPH]]LGL FRHUFL]LRQH,QRJQLFDVRODFRQGRWWDGHJOLDJHQWLGLSROL]LDHUDJLXVWLILFDWDGDXQR©VWDWRGLQHFHVVLWjªQHOVHQVRGHOO·DUWLFRORGHOFRGLFHSHQDOH SDUDJUDIR LQIUD

(40)  $OODOXFHGLTXDQWRVRSUDHVSRVWRLO*,3FRQVLGHUzFKHLOIDVFLFRORQRQFRQWHQHVVHODSURYDGHOO·HVLVWHQ]DGHJOLHOHPHQWLPDWHULDOHHPRUDOHGHLUHDWLSXQLWL GDJOLDUWLFROLHGHOFRGLFHSHQDOH &/HGHFLVLRQLGHOJLXGLFHGLSDFHGL$JULJHQWR 'XHGHLPLJUDQWLFKHHUDQRVWDWLRJJHWWRGLGHFUHWLGLUHVSLQJLPHQWRLPSXJQDURQRWDOLPLVXUHGLQDQ]LDOJLXGLFHGLSDFHGL$JULJHQWR KWWSVZZZJLXVWL]LDLWJLXVWL]LDLWPJBBBZS"IDFHW1RGHB BBB IDFHW1RGHB B 

(41) IDFHW1RGHB B 

(42) IDFHW1RGHB B 

(43) SUHYLVLRXV3DJH PJBB FRQWHQW,G 6'8. .

(44) . 0LQLVWHURGHOOD*LXVWL]LD6HQWHQ]HGHOOD&RUWH(XURSHDGHL'LULWWLGHOO 8RPR. &RQGXHGHFUHWLGHOOXJOLRHGHORWWREUHULVSHWWLYDPHQWHLOJLXGLFHGLSDFHDQQXOOzLGHFUHWLGLUHVSLQJLPHQWR 1HOOHPRWLYD]LRQLLOJLXGLFHGLSDFHRVVHUYzFKHJOLLQWHUHVVDWLHUDQRVWDWLWURYDWLVXOWHUULWRULRLWDOLDQRULVSHWWLYDPHQWHLOPDJJLRHLOVHWWHPEUHHFKH LGHFUHWLFRQWURYHUVLHUDQRVWDWLDGRWWDWLVRORLOPDJJLRHLOVHWWHPEUH&HUWRO·DUWLFRORGHOGHFUHWROHJLVODWLYRQGHO SDUDJUDIRLQIUD

(45) QRQLQGLFDYDDOFXQWHUPLQHSHUO·DGR]LRQHGHLGHFUHWLGLUHVSLQJLPHQWRULPDQHYDFRPXQTXHLOIDWWRFRQVLGHUzLOJLXGLFHFKHXQDWWRFKHSHUODVXDVWHVVD QDWXUDOLPLWDYDODOLEHUWjGHOVXRGHVWLQDWDULRGRYHYDHVVHUHDGRWWDWRHQWURXQWHPSRUDJLRQHYROPHQWHEUHYHGDOPRPHQWRGHOIHUPRGHOORVWUDQLHURLUUHJRODUH &RQFOXGHUHGLYHUVDPHQWHDIIHUPzLOJLXGLFHHTXLYDOHYDDSHUPHWWHUHXQWUDWWHQLPHQWRGHIDFWRGHOPLJUDQWHLQDVVHQ]DGLXQDGHFLVLRQHPRWLYDWD GHOO·DXWRULWjLOFKHHUDFRQWUDULRDOOD&RVWLWX]LRQH ,,,/',5,772(,'2&80(17,,17(51,3(57,1(17, $/HGLVSRVL]LRQLLQPDWHULDGLDOORQWDQDPHQWRGHJOLVWUDQLHULLQVLWXD]LRQHLUUHJRODUH ,OGHFUHWROHJLVODWLYRQGHO ©7HVWRXQLFRGHOOHGLVSRVL]LRQLFRQFHUQHQWLODGLVFLSOLQDGHOO LPPLJUD]LRQHHQRUPHVXOODFRQGL]LRQHGHOORVWUDQLHURª

(46)  FRPHPRGLILFDWRGDOOHOHJJLQGHOHQGHOHGDOGHFUHWROHJLVODWLYRQGHOGLVSRQHWUDO·DOWUR $UWLFROR UHVSLQJLPHQWR

(47) ©/DSROL]LDGLIURQWLHUDUHVSLQJHJOLVWUDQLHULFKHVLSUHVHQWDQRDLYDOLFKLGLIURQWLHUDVHQ]DDYHUHLUHTXLVLWLULFKLHVWLGDOSUHVHQWHWHVWRXQLFRSHUO LQJUHVVRQHO WHUULWRULRGHOOR6WDWR ¬,OUHVSLQJLPHQWRFRQDFFRPSDJQDPHQWRDOODIURQWLHUDqDOWUHVuGLVSRVWRGDOTXHVWRUHQHLFRQIURQWLGHJOLVWUDQLHUL D

(48) FKHHQWUDQGRQHOWHUULWRULRGHOOR6WDWRVRWWUDHQGRVLDLFRQWUROOLGLIURQWLHUDVRQRIHUPDWLDOO LQJUHVVRRVXELWRGRSR E

(49) FKHQHOOHFLUFRVWDQ]HGLFXLDOFRPPDVRQRVWDWLWHPSRUDQHDPHQWHDPPHVVLQHOWHUULWRULRSHUQHFHVVLWjGLSXEEOLFRVRFFRUVR 

(50) /HGLVSRVL]LRQLGHLFRPPL>H@ 

(51) QRQVLDSSOLFDQRQHLFDVLSUHYLVWLGDOOHGLVSRVL]LRQLYLJHQWLFKHGLVFLSOLQDQRO DVLORSROLWLFRLOULFRQRVFLPHQWRGHOOR VWDWXVGLULIXJLDWRRYYHURO DGR]LRQHGLPLVXUHGLSURWH]LRQHWHPSRUDQHDSHUPRWLYLXPDQLWDUL 

(52) ª $UWLFROR HVSXOVLRQHDPPLQLVWUDWLYD

(53) ©3HUPRWLYLGLRUGLQHSXEEOLFRRGLVLFXUH]]DGHOOR6WDWRLO0LQLVWURGHOO ,QWHUQRSXzGLVSRUUHO HVSXOVLRQHGHOORVWUDQLHURDQFKHQRQUHVLGHQWHQHOWHUULWRULR GHOOR6WDWRGDQGRQHSUHYHQWLYDQRWL]LDDO3UHVLGHQWHGHO&RQVLJOLRGHL0LQLVWULHDO0LQLVWURGHJOL$IIDULHVWHUL / HVSXOVLRQHqGLVSRVWDGDOSUHIHWWRFDVRSHUFDVRTXDQGRORVWUDQLHUR D

(54) qHQWUDWRQHOWHUULWRULRGHOOR6WDWRVRWWUDHQGRVLDLFRQWUROOLGLIURQWLHUDHQRQqVWDWRUHVSLQWRDLVHQVLGHOO DUWLFROR 

(55) $YYHUVRLOGHFUHWRGLHVSXOVLRQHSXzHVVHUHSUHVHQWDWRULFRUVRDOO DXWRULWjJLXGL]LDULDRUGLQDULD 

(56) ª $UWLFROR HVHFX]LRQHGHOO·HVSXOVLRQH

(57) ©4XDQGRQRQq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jGLSUHVWDUHVRFFRUVRDOORVWUDQLHURRGLHIIHWWXDUHDFFHUWDPHQWLVXSSOHPHQWDULLQRUGLQHDOODVXDLGHQWLWjR QD]LRQDOLWjRYYHURGLDFTXLVLUHLGRFXPHQWLSHULOYLDJJLRRODGLVSRQLELOLWjGLXQPH]]RGLWUDVSRUWRLGRQHR 

(58) ª %/·DFFRUGRELODWHUDOHFRQOD7XQLVLD ,ODSULOHLOJRYHUQRLWDOLDQRKDFRQFOXVRXQDFFRUGRFRQOD7XQLVLDLQPDWHULDGLFRQWUROORGHOO·RQGDWDGLLPPLJUD]LRQHLUUHJRODUHSURYHQLHQWHGDWDOH SDHVH KWWSVZZZJLXVWL]LDLWJLXVWL]LDLWPJBBBZS"IDFHW1RGHB BBB IDFHW1RGHB B 

(59) IDFHW1RGHB B 

(60) IDFHW1RGHB B 

(61) SUHYLVLRXV3DJH PJBB FRQWHQW,G 6'8. .

(62) . 0LQLVWHURGHOOD*LXVWL]LD6HQWHQ]HGHOOD&RUWH(XURSHDGHL'LULWWLGHOO 8RPR. ,OWHVWRGHOO·DFFRUGRQRQqVWDWRUHVRSXEEOLFR6HFRQGRXQFRPXQLFDWRVWDPSDSXEEOLFDWRVXOVLWRLQWHUQHWGHOPLQLVWHURGHOO·,QWHUQRLWDOLDQRLODSULOH OD7XQLVLDVLLPSHJQDYDDUDIIRU]DUHLOFRQWUROORGHOOHVXHIURQWLHUHDOORVFRSRGLHYLWDUHQXRYHSDUWHQ]HGLFODQGHVWLQLFRQO·DLXWRGLPH]]LORJLVWLFLPHVVL DVXDGLVSRVL]LRQHGDOOHDXWRULWjLWDOLDQH ,QROWUHOD7XQLVLDVLLPSHJQDYDDGDFFHWWDUHLOULWRUQRLPPHGLDWRGHL7XQLVLQLJLXQWLLUUHJRODUPHQWHLQ,WDOLDGRSRODFRQFOXVLRQHGHOO·DFFRUGR,FLWWDGLQL WXQLVLQLSRWHYDQRHVVHUHULPSDWULDWLDWWUDYHUVRSURFHGXUHVHPSOLILFDWHFKHSUHYHGRQRODVHPSOLFHLGHQWLILFD]LRQHGHOODSHUVRQDLQWHUHVVDWDGDSDUWHGHOOH DXWRULWjFRQVRODULWXQLVLQH &,O6HQDWRLWDOLDQR ,OPDU]RODFRPPLVVLRQHVWUDRUGLQDULDSHULGLULWWLXPDQLGHO6HQDWRLWDOLDQR GLVHJXLWROD©FRPPLVVLRQHVWUDRUGLQDULDGHO6HQDWRª

(63) KDDSSURYDWRXQ UDSSRUWR©VXOORVWDWR>GHOULVSHWWR@GHLGLULWWLXPDQLQHJOLLVWLWXWLSHQLWHQ]LDULHQHLFHQWULGLDFFRJOLHQ]DHWUDWWHQLPHQWRSHULPLJUDQWLLQ,WDOLDª9LVLWDWRGDOOD FRPPLVVLRQHO·IHEEUDLRLO&63$GL/DPSHGXVDYLHQHGHVFULWWRLQSDUWLFRODUHQHLVHJXHQWLSDVVDJJL ©/·DFFRJOLHQ]DQHOFHQWURGL/DPSHGXVDqOLPLWDWDDOWHPSRVWUHWWDPHQWHQHFHVVDULRSHUVWDELOLUHO·LGHQWLWjGHOPLJUDQWHHODOHJLWWLPLWjGHOODVXDSHUPDQHQ]D VXOWHUULWRULRRSHUGLVSRUQHO DOORQWDQDPHQWR,QUHDOWjFRPHGHQXQFLDWRGDOO +&5HGDGLYHUVHRUJDQL]]D]LRQLFKHRSHUDQRVXOFDPSRLWHPSLGLSHUPDQHQ]DVL VRQRSUROXQJDWLDQFKHSHUSLGLYHQWLJLRUQLVHQ]DFKHVLDQRVWDWLDGRWWDWLSURYYHGLPHQWLIRUPDOLULJXDUGDQWLORVWDWXVJLXULGLFRGHOOHSHUVRQHWUDWWHQXWH,O WUDWWHQLPHQWRSUROXQJDWRO LPSRVVLELOLWjGLFRPXQLFDUHFRQO HVWHUQRODPDQFDQ]DGLOLEHUWjGLPRYLPHQWRVHQ]DDOFXQSUHVXSSRVWRJLXULGLFRRDPPLQLVWUDWLYR FKHSUHYHGDWDOLUHVWUL]LRQLDLPLJUDQWLKDQQRSURYRFDWRXQFOLPDGLWHQVLRQHPROWRDOWDVSHVVRVIRFLDWDLQHSLVRGLGLSURWHVWDHGLDXWROHVLRQLVPR6XOOD OHJLWWLPLWjGLWDOHVLWXD]LRQHVLVRQRVXFFHGXWLLQTXHVWLPHVLQXPHURVLDSSHOOLGDSDUWHGHOOHRUJDQL]]D]LRQLFKHODYRUDQRVXOO LVRODª ©/DSRUWDGLLQJUHVVRGjVXXQFRUULGRLRGDOTXDOHVLDFFHGHDVWDQ]HGLFLUFDPHWULSHUVRQRGHVWLQDWHDGDFFRJOLHUHSHUVRQH1HOOHVWDQ]HVLWURYDQR PHVVLO XQRDFFDQWRDOO DOWUROHWWLDFDVWHOORDTXDWWUROLYHOOLQHLTXDOLWURYDQRSRVWRILQRDXRPLQLSHUFLDVFXQDVWDQ]D 

(64) ,QPROWLEORFFKLOXQJRLFRUULGRL VRQRVWDWLVLVWHPDWLLPDWHUDVVLLQJRPPDSLXPD,QPROWLFDVLODJRPPDSLXPDGHLPDWHUDVVLqVWDWDIDWWDDSH]]LSHUHVVHUHXWLOL]]DWDFRPHFXVFLQR,QDOFXQL FDVLVXOULSLDQRGHOOHVFDOHDOO DSHUWRKDQQRWURYDWRSRVWRLPDWHUDVVLGLGXHSHUVRQHSURWHWWHGDWHOLLPSURYYLVDWL 

(65) 6XOVRIILWWRLQPROWLFDVLOD VFKHUPDWXUDLQSODVWLFDGHOOHOXFLqVWDWDULPRVVDHOHOXFLVRQRDVVHQWL$OODILQHGHOFRUULGRLRVXXQODWRVRQRSUHVHQWLLVHUYL]LHOHGRFFH1RQFLVRQRSRUWHH ODSULYDF\qJDUDQWLWDGDWHQGHGLVWRIIDRSODVWLFDLPSURYYLVDWHTXLHOj1RQFLVRQRUXELQHWWLHOHERFFKHWWHQRQPDQGDQRDFTXDVHQRQTXDQGRYLHQHDWWLYDWD FHQWUDOPHQWH$OOHYROWHORVFDULFRqEORFFDWRDOVXRORYLqDFTXDHDOWULOLTXLGLFKHJLXQJRQRILQRDOFRUULGRLRHQHOOHVWDQ]HGRYHKDQQRWURYDWRSRVWRL PDWHUDVVLLQJRPPDSLXPD/ RGRUHGLODWULQDSHUYDGHWXWWLJOLDPELHQWL,QL]LDDSLRYHUH&KLVLWURYDVXOOHVFDOHLQDFFLDLRHGHYHDFFHGHUHDOSLDQRVXSHULRUHVL EDJQDHSRUWDQHJOLDOORJJLXPLGLWjHVSRUFL]LDª ',OFRGLFHSHQDOH 1HOOHVXHSDUWLSHUWLQHQWLO·DUWLFRORFGHOFRGLFHSHQDOHUHFLWD ©1RQqSXQLELOHFKLKDFRPPHVVRLOIDWWRSHUHVVHUYLVWDWRFRVWUHWWRGDOODQHFHVVLWjGLVDOYDUHVpRGDOWULGDOSHULFRORDWWXDOHGLXQGDQQRJUDYHDOODSHUVRQD SHULFRORGDOXLQRQYRORQWDULDPHQWHFDXVDWRQpDOWULPHQWLHYLWDELOHVHPSUHFKHLOIDWWRVLDSURSRU]LRQDWRDOSHULFROR 

(66) ª ,,,(/(0(17,3(57,1(17,',',5,772,17(51$=,21$/( ,IDWWLGLFDXVDVLLQVHULVFRQRQHOTXDGURGHJOLDUULYLPDVVLFFLGLPLJUDQWLLUUHJRODULVXOOHFRVWHLWDOLDQHQHOLQSDUWLFRODUHDVHJXLWRGHOOHLQVXUUH]LRQLLQ 7XQLVLDHSRLGHOFRQIOLWWRLQ/LELD $/·$VVHPEOHDSDUODPHQWDUHGHO&RQVLJOLRG·(XURSD ,QTXHVWRFRQWHVWRO·$VVHPEOHDSDUODPHQWDUHGHO&RQVLJOLRG·(XURSD $3&(

(67) KDFRVWLWXLWRXQDVRWWRFRPPLVVLRQHDGKRF©VXOO·DUULYRPDVVLFFLRGLPLJUDQWLLQ VLWXD]LRQHLUUHJRODUHGLULFKLHGHQWLDVLORHGLULIXJLDWLVXOOHULYHGHOVXGGHOO·(XURSDª GLVHJXLWR©ODVRWWRFRPPLVVLRQHDGKRFGHOO·$3&(ª

(68) FKHKDHIIHWWXDWRXQD YLVLWDLQIRUPDWLYDD/DPSHGXVDLOHLOPDJJLR8QUDSSRUWRUHODWLYRDOODYLVLWDqVWDWRSXEEOLFDWRLOVHWWHPEUH1HOOHVXHSDUWLSHUWLQHQWLWDOH UDSSRUWRUHFLWD © 

(69) ,,6WRULDGL/DPSHGXVDLQPDWHULDGLDFFRJOLHQ]DGLIOXVVLPLJUDWRULPLVWL KWWSVZZZJLXVWL]LDLWJLXVWL]LDLWPJBBBZS"IDFHW1RGHB BBB IDFHW1RGHB B 

(70) IDFHW1RGHB B 

(71) IDFHW1RGHB B 

(72) SUHYLVLRXV3DJH PJBB FRQWHQW,G 6'8. .

(73) . 0LQLVWHURGHOOD*LXVWL]LD6HQWHQ]HGHOOD&RUWH(XURSHDGHL'LULWWLGHOO 8RPR. 

(74) 3HUODVXDSRVL]LRQHJHRJUDILFDYLFLQDDOOHFRVWHDIULFDQHO·LVRODGL/DPSHGXVDKDFRQRVFLXWRYDULHSLVRGLGXUDQWHLTXDOLKDGRYXWRIDUHIURQWHDQXPHURVL DUULYLSHUPDUHGLSHUVRQHFKHYROHYDQRUHFDUVLLQ(XURSD SHUVRQHQHOQHOQHOQHO

(75)  *OLDUULYLVLVRQRQRWHYROPHQWHGLUDGDWLQHOHQHO ULVSHWWLYDPHQWHH

(76) DVHJXLWRGLXQDFFRUGRFRQFOXVRWUDO·,WDOLDHOD/LELDGL0XDPPDU *KHGGDIL7DOHDFFRUGRIRUWHPHQWHFULWLFDWRDFDXVDGHOOHYLROD]LRQLGHLGLULWWLGHOO·XRPRLQ/LELDHGHOOHFRQGL]LRQLGLYLWDGHSORUHYROLGHLPLJUDQWLULIXJLDWLH ULFKLHGHQWLDVLORQHOSDHVHqVWDWRRJJHWWRGLFULWLFKHDQFKHSHUFKpSUHVHQWDYDLOULVFKLRSRLFRQIHUPDWRGDOO·+&5FKHDGHLULFKLHGHQWLDVLORHDGHLULIXJLDWL IRVVHYLHWDWRO·DFFHVVRDOODWXWHODLQWHUQD]LRQDOH7XWWDYLDHVVRVLqULYHODWRHVWUHPDPHQWHHIILFDFHSHUIHUPDUHJOLDUULYLFRVLFFKpLFHQWULGLDFFRJOLHQ]D GHOO·LVRODVRQRVWDWLFKLXVLHOHRUJDQL]]D]LRQLLQWHUQD]LRQDOLDWWLYHD/DPSHGXVDKDQQRVRVSHVRODORURSUHVHQ]DVXOFDPSR 1HODVHJXLWRGHOOHLQVXUUH]LRQLLQ7XQLVLDHSRLLQ/LELDO·LVRODKDGRYXWRDIIURQWDUHXQDQXRYDRQGDWDGLDUULYLYLDPDUH*OLVEDUFKLVRQRULFRPLQFLDWL LQGXHWHPSL,QSULPROXRJRVRQRDUULYDWLVXOO·LVRODGHL7XQLVLQLVHJXLWLGDQDYLSURYHQLHQWLGDOOD/LELDVXOOHTXDOLVLWURYDYDQRPROWLVVLPHGRQQHHEDPELQL SLFFROL*OLVEDUFKLVRQRLQL]LDWLLOJHQQDLRHUDSLGDPHQWHODSRSROD]LRQHGHOO·LVRODVLqWURYDWDUDGGRSSLDWD $VHJXLWRGLWDOLDUULYLO·,WDOLDKDUDSLGDPHQWHGLFKLDUDWRORVWDWRGLHPHUJHQ]DXPDQLWDULDVXOO·LVRODGL/DPSHGXVDHGKDIDWWRDSSHOORDOODVROLGDULHWjGHJOL 6WDWLPHPEULGHOO·8QLRQHHXURSHD6RQRVWDWLFRQIHULWLGHLSRWHULG·XUJHQ]DDOSUHIHWWRGL3DOHUPRSHUJHVWLUHODVLWXD]LRQH $OVHWWHPEUHSHUVRQHHUDQRDUULYDWHYLDPDUHD/DPSHGXVD WUDFXLGDOOD7XQLVLDHGDOOD/LELDLQSDUWLFRODUH1LJHULDQL *KDQHVL0DOLDQLH,YRULDQL

(77)  

(78)  9,SURWDJRQLVWLGHOODYLFHQGDHOHORURUHVSRQVDELOLWj /D3UHIHWWXUDGHOODSURYLQFLDGL$JULJHQWRqUHVSRQVDELOHGLWXWWHOHTXHVWLRQLOHJDWHDOO·DFFRJOLHQ]DGHOOHSHUVRQHLQDUULYRVXOO·LVRODILQRDOORUR WUDVIHULPHQWR/DSUHIHWWXUDVRSUDLQWHQGHDQFKH$FFRJOLHQ]D>LOSDUWQHUSULYDWR@FKHJHVWLVFHLGXHFHQWULGLDFFRJOLHQ]DGHOO·LVROD/·XIILFLRGHOODSROL]LD GHOO·LPPLJUD]LRQHGHOODSURYLQFLDGL$JULJHQWRqLQFDULFDWRGLSURFHGHUHDOO·LGHQWLILFD]LRQHDLWUDVIHULPHQWLHDJOLHYHQWXDOLULPSDWULGHOOHSHUVRQHLQDUULYR'DO DSULOHqOD3URWH]LRQHFLYLOHLWDOLDQDFKHFRRUGLQDODJHVWLRQHGHLIOXVVLPLJUDWRULSURYHQLHQWLGDOO·$IULFDGHO1RUG $QFKHODFRPXQLWjLQWHUQD]LRQDOHqIRUWHPHQWHPRELOLWDWDVXOFDPSR/·$OWR&RPPLVVDULDWRGHOOH1D]LRQL8QLWHSHULULIXJLDWL +&5

(79) O·2UJDQL]]D]LRQH LQWHUQD]LRQDOHSHUOHPLJUD]LRQL 2,0

(80) OD&URFH5RVVDO·2UGLQHGL0DOWDHO·21*6DYHWKH&KLOGUHQKDQQRGHOOHHTXLSHVXOSRVWR /·+&5O·2,0OD&URFH5RVVDH6DYHWKH&KLOGUHQIDQQRSDUWHGHO¶3UDHVLGLXPSURMHFW·HIRUQLVFRQRODORURDVVLVWHQ]DSHUODJHVWLRQHGHLIOXVVLPLJUDWRUL PLVWLYLDPDUHVX/DPSHGXVD4XHVWHRUJDQL]]D]LRQLVRQRDXWRUL]]DWHDGDYHUHXQDSUHVHQ]DSHUPDQHQWHDOO·LQWHUQRGHLFHQWULGLDFFRJOLHQ]DGL/DPSHGXVDH GLVSRQJRQRGLLQWHUSUHWLHGLPHGLDWRULFXOWXUDOL$SDUWLUHGDIHEEUDLRHVVHKDQQRVSHGLWRGHOOHHTXLSHVXOSRVWR FRPHVLqYLVWRODORURSUHVHQ]DHUD VWDWDVRVSHVDFRQODGLPLQX]LRQHGHJOLDUULYL

(81) ,O¶3UDHVLGLXPSURMHFW·FKHGDDOORUDqVWDWRHVWHVRLQDOWULFHQWULLQ,WDOLDqYLVWRFRPHXQDEXRQDSUDWLFDLQ (XURSDHOHRUJDQL]]D]LRQLLPSOLFDWHKDQQRSXEEOLFDWRFRQJLXQWDPHQWHXQDJXLGDGLJHVWLRQHGHLIOXVVLPLJUDWRULPLVWLYLDPDUH GLVSRQLELOHSHULOPRPHQWR VROWDQWRLQLWDOLDQRPDFKHVDUjEHQSUHVWRWUDGRWWDLQLQJOHVH

(82)  ,PHPEULGHOODVRWWRFRPPLVVLRQHDGKRFKDQQRSRWXWRFRQVWDWDUHFKHWXWWHOHSDUWLVXGGHWWHODYRUDQRLQDFFRUGRLQXQRVIRU]RGLFRRUGLQD]LRQHHFRQLO FRPXQHVFRSRSULRULWDULRGLVDOYDUHGHOOHYLWHGXUDQWHOHRSHUD]LRQLGLVDOYDWDJJLRLQPDUHGLIDUHLOPDVVLPRSHUDFFRJOLHUHOHSHUVRQHFKHDUULYDQRLQ FRQGL]LRQLGHFHQWLHSRLFROODERUDUHDIILQFKpVLDQRWUDVIHULWHUDSLGDPHQWHLQFHQWULGLDFFRJOLHQ]DVLWXDWLDOWURYHLQ,WDOLD 9,6WUXWWXUHGLDFFRJOLHQ]DGL/DPSHGXVD ËIRQGDPHQWDOHFKHLWUDVIHULPHQWLYHUVRFHQWULVLWXDWLDOWURYHLQ,WDOLDYHQJDQRHIIHWWXDWLTXDQWRSLUDSLGDPHQWHSRVVLELOHLQTXDQWROHFDSDFLWjGL DFFRJOLHQ]DGLFXLGLVSRQHO·LVRODGL/DPSHGXVDVRQRLQVXIILFLHQWLDGRVSLWDUHWXWWHOHSHUVRQHFKHDUULYDQRHLQDGDWWHDSHUPDQHQ]HGLPROWLJLRUQL /DPSHGXVDKDGXHFHQWULGLDFFRJOLHQ]DLOFHQWURSULQFLSDOHD&RQWUDGD,PEULDFRODHOD%DVH/RUDQ ,OFHQWURSULQFLSDOHqXQFHQWURGLSULPDDFFRJOLHQ]DHDOORJJLR &63$

(83) /DVRWWRFRPPLVVLRQHDGKRFqVWDWDLQIRUPDWDGDO'LUHWWRUHGHOFHQWURFKHOD FDSDFLWjGLDFFRJOLHQ]DYDULDGDDSRVWL$OODGDWDGHOODYLVLWDLOFHQWURRVSLWDYDSHUVRQH/HFRQGL]LRQLGLDFFRJOLHQ]DHUDQRFRUUHWWHEHQFKp PROWRHVVHQ]LDOL/HVWDQ]HHUDQRULHPSLWHGLPDWHUDVVLDSSRJJLDWLXQRDOO·DOWURVXOSDYLPHQWR*OLHGLILFLFKHVRQRGHLEORFFKLSUHIDEEULFDWLVRQRDHUDWLLQ TXDQWROHVWDQ]HGLVSRQJRQRGLILQHVWUHHTXDQGRLOFHQWURRVSLWDXQQXPHURGLSHUVRQHFRUULVSRQGHQWHDOOHVXHFDSDFLWjLVDQLWDULVHPEUDQRVXIILFLHQWL KWWSVZZZJLXVWL]LDLWJLXVWL]LDLWPJBBBZS"IDFHW1RGHB BBB IDFHW1RGHB B 

(84) IDFHW1RGHB B 

(85) IDFHW1RGHB B 

(86) SUHYLVLRXV3DJH PJBB FRQWHQW,G 6'8. .

(87) . 0LQLVWHURGHOOD*LXVWL]LD6HQWHQ]HGHOOD&RUWH(XURSHDGHL'LULWWLGHOO 8RPR. $OPRPHQWRGHOODYLVLWDGHOODVRWWRFRPPLVVLRQHLOFHQWURHUDGLYLVRLQGXHSDUWL8QDHUDULVHUYDWDDOOHSHUVRQHFKHDUULYDQRGDOOD/LELDHDLPLQRULQRQ DFFRPSDJQDWL LYLFRPSUHVLLPLQRULQRQDFFRPSDJQDWLWXQLVLQL

(88) /·DOWUDXQFHQWURFKLXVRDOO·LQWHUQRGHOFHQWUR HVVRVWHVVRFKLXVR

(89) HUDULVHUYDWDDJOLDGXOWL WXQLVLQL 

(90)  9,,,&RQWUROOLVDQLWDUL /HHTXLSHPHGLFKHHVDQLWDULHGHOOHGLYHUVHRUJDQL]]D]LRQL &URFH5RVVD06)2UGLQHGL0DOWD

(91) HOHQXPHURVHHTXLSHUHJLRQDOLVRQRFRRUGLQDWHGDOFDSR GHOO·XQLWjVDQLWDULDGL3DOHUPR 1RQDSSHQDOHJXDUGLHFRVWLHUHYHQJRQRDVDSHUHGHOO·DUULYRGLXQDLPEDUFD]LRQHQHLQIRUPDQRLOFRRUGLQDWRUHPHGLFRHJOLFRPXQLFDQRLOQXPHURGL SHUVRQHFKHVLWURYDQRDERUGR7XWWHOHSHUVRQHLQWHUHVVDWHYHQJRQRDOORUDLPPHGLDWDPHQWHLQIRUPDWHHPRELOLWDWHDTXDOVLDVLRUDGHOJLRUQRHGHOODQRWWH ,SULPLFRQWUROOLVXOORVWDWRGLVDOXWHGHOOHSHUVRQHFKHDUULYDQRYHQJRQRHIIHWWXDWLVXOSRUWRILQGDOPRPHQWRGHOORVEDUFR$PRQWHGHLPHPEULPHGLFL GHOO·RUGLQHGL0DOWDDFFRPSDJQDQRLJXDUGDFRVWHRODGRJDQDGXUDQWHOHRSHUD]LRQLGLLQWHUFHWWD]LRQHHGLVDOYDWDJJLRLQPDUH(VVLLQIRUPDQROHHTXLSH PHGLFKHPRELOLWDWHVXOSRUWRGLSRVVLELOLFDVLLQFXLVLDQHFHVVDULDXQDSUHVDLQFDULFRPHGLFDVSHFLILFDHLPPHGLDWD 'DOPRPHQWRGHOORVEDUFROHSHUVRQHLQDUULYRYHQJRQRFODVVLILFDWHLQIXQ]LRQHGHOOHORURQHFHVVLWjVHFRQGRXQFRGLFHGLFRORULEHQGHILQLWR/HSHUVRQH FKHQHFHVVLWDQRGLXQULFRYHURRVSHGDOLHURYHQJRQRWUDVIHULWHWUDPLWHHOLFRWWHURYHUVR3DOHUPRRDOWURYH*OLRVSHGDOLVRQRREEOLJDWLDGDFFHWWDUHWDOLSD]LHQWL DQFKHROWUHODORURFDSDFLWj $YROWHPDQFDLOWHPSRSHUHIIHWWXDUHLSULPLFRQWUROOLGLWXWWHOHSHUVRQHLQDUULYRVXOSRUWRHWDOLFRQWUROOLGHYRQRSHUWDQWRFRQWLQXDUHQHLFHQWULGL DFFRJOLHQ]DËVWDWDHYLGHQ]LDWDDOWUHVuODQHFHVVLWjGLDYHUHQHLFHQWULGHOOHSURFHGXUHTXDQWRSLVWDQGDUGL]]DWHSRVVLELOH ,SUREOHPLSLIUHTXHQWLVRQRPDOGLPDUHGLVWXUELGHOOHYLHUHVSLUDWRULHVXSHULRULXVWLRQL QDIWDDFTXDGLPDUHVROHRXQDFRPELQD]LRQHGHLWUHIDWWRUL

(92)  GLVLGUDWD]LRQHGRORUHJHQHUDOL]]DWR DFDXVDGHOODSRVWXUDVXOODQDYH

(93) GLVWXUELSVLFRORJLFLRXQRVWUHVVDFXWR DFDXVDGHOULVFKLRHOHYDWRGLSHUGHUHODYLWD GXUDQWHODWUDYHUVDWD

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qSRVVLELOHVXOO·LVROD HYLHQHHIIHWWXDWDDOWURYHSUHYLRWUDVIHULPHQWR7XWWDYLDFKLXQTXHFKLHGDGLHVVHUHYLVLWDWRSXzHVVHUORHQHVVXQDULFKLHVWDLQWDOVHQVRYLHQHULJHWWDWD,OFDSR GHOO·XQLWjVDQLWDULDGL3DOHUPRSURFHGHDXQ·LVSH]LRQHUHJRODUHGHOOHDWWUH]]DWXUHVDQLWDULHHGHOO·DOLPHQWD]LRQHGHLFHQWUL 06)HOD&URFH5RVVDKDQQRHVSUHVVRODORURSUHRFFXSD]LRQHSHUTXDQWRULJXDUGDOHFRQGL]LRQLVDQLWDULHLQFDVRGLVRYUDIIROODPHQWRGHLFHQWULËVWDWRDQFKH VRWWROLQHDWRFKHL7XQLVLQLVHSDUDWLGDOOHDOWUHSHUVRQHLQDUULYRSHUPH]]RGLXQDEDUULHUDQRQGLVSRQHYDQRGLXQDFFHVVRGLUHWWRDOOHHTXLSHPHGLFKHGHO FHQWURGLDFFRJOLHQ]D ,;,QIRUPD]LRQHVXOOHSURFHGXUHGLDVLOR /·HTXLSHGHOO·+&5LQIRUPDVLQWHWLFDPHQWHLPLJUDQWLLQDUULYRGHOOHSURFHGXUHGLDVLORHVLVWHQWLPDqVWDWRVRWWROLQHDWRFKH/DPSHGXVDQRQHUDLOOXRJRLQFXL LSRWHQ]LDOLULIXJLDWLHULFKLHGHQWLDVLORULFHYHYDQRXQDLQIRUPD]LRQHHVDXVWLYDLQPDWHULD7DOLLQIRUPD]LRQLFRVuFRPHO·DVVLVWHQ]DSHUOHSUDWLFKHLQHUHQWLDOOD GRPDQGDGLDVLORYHQJRQRIRUQLWHXQDYROWDFKHLPLJUDQWLLQDUULYRVRQRVWDWLWUDVIHULWLLQDOWULFHQWULGLDFFRJOLHQ]DGLFDUDWWHUHPHQRSURYYLVRULRDOWURYHLQ ,WDOLD6HDOFXQLHVSULPRQRO·LQWHQ]LRQHGLFKLHGHUHO·DVLORO·+&5WUDVPHWWHO·LQIRUPD]LRQHDOODSROL]LDLWDOLDQD 7XWWDYLDTXDQGRLOQXPHURGLPLJUDQWLLQDUULYRqFRQVLGHUHYROH FRVDFKHDFFDGHVHPSUHSLVSHVVR

(95) HLWUDVIHULPHQWLYHQJRQRHIIHWWXDWLPROWR UDSLGDPHQWHFDSLWDFKHOHSHUVRQHLQDUULYRQRQYHQJDQRLQIRUPDWHGHOORURGLULWWRGLFKLHGHUHO·DVLOR(VVLYHQJRQRSHUWDQWRLQIRUPDWLQHOFHQWURLQFXLYHQJRQR WUDVIHULWL4XHVWDODFXQDFKHULJXDUGDO·LQIRUPD]LRQHVXOO·DFFHVVRDOODSURWH]LRQHLQWHUQD]LRQDOHSXzSRUUHSUREOHPLDOORUTXDQGROHSHUVRQHGLDOFXQH QD]LRQDOLWjSRVVRQRHVVHUHULQYLDWHGLUHWWDPHQWHQHOORURSDHVHGLRULJLQH&RPHUHJRODJHQHUDOHWXWWDYLDLPLJUDQWLLQDUULYRQRQVRQRLQJUDGRGLULFHYHUH LPPHGLDWDPHQWHXQDLQIRUPD]LRQHGHWWDJOLDWDVXOO·DFFHVVRDOODSURFHGXUDGLDVLOR/·XUJHQ]DqDOWURYHHVVLVRQRVILQLWLGLVRULHQWDWLHYRJOLRQRODYDUVL PDQJLDUHHGRUPLUH KWWSVZZZJLXVWL]LDLWJLXVWL]LDLWPJBBBZS"IDFHW1RGHB BBB IDFHW1RGHB B 

(96) IDFHW1RGHB B 

(97) IDFHW1RGHB B 

(98) SUHYLVLRXV3DJH PJBB FRQWHQW,G 6'8. .

(99) . 0LQLVWHURGHOOD*LXVWL]LD6HQWHQ]HGHOOD&RUWH(XURSHDGHL'LULWWLGHOO 8RPR. ;,7XQLVLQL 'XUDQWHO·XOWLPDRQGDWDGLDUULYLL7XQLVLQLVRQRVWDWLLSULPLDGDFFRVWDUHD/DPSHGXVDQHOIHEEUDLR4XHVWLDUULYLVRQRVWDWLSUREOHPDWLFLSHUYDUL PRWLYL&RPHVRSUDLQGLFDWRSRLFKpJOLDUULYLYLDPDUHVLVRQRQRWHYROPHQWHULGRWWLQHOHQHOLFHQWULGLDFFRJOLHQ]DGHOO·LVRODHUDQRFKLXVL,PLJUDQWL WXQLVLQLVLVRQRGXQTXHULWURYDWLSHUODVWUDGDLQFRQGL]LRQLGHSORUHYROL4XDQGRLFHQWULVRQRVWDWLULDSHUWLODORURFDSDFLWjGLDFFRJOLHQ]DqVWDWD LPPHGLDWDPHQWHVDWXUDWD,7XQLVLQLVRQRVWDWLVXFFHVVLYDPHQWHWUDVIHULWLLQDOWULFHQWULGLWUDWWHQLPHQWRLQ,WDOLDHSRLTXDQGRTXHVWLXOWLPLVRQRVWDWLDORUR YROWDVDWXUDWLLQFHQWULGLDFFRJOLHQ]DDSHUWLSUHYLVWLSHULULFKLHGHQWLDVLOR ,OIDWWRFKHL7XQLVLQLVLDQRTXDVLWXWWLGHLPLJUDQWLHFRQRPLFLHODGLIILFROWjDRUJDQL]]DUHGHLULPSDWULLPPHGLDWLYHUVROD7XQLVLDKDQQRPRWLYDWROD GHFLVLRQHGHOOHDXWRULWjLWDOLDQHGLDFFRUGDUHORURLODSULOHFRQGHFUHWRGHLSHUPHVVLGLUHVLGHQ]DWHPSRUDQHDGLVHLPHVL7XQLVLQLHUDQRJLj DUULYDWLLQ,WDOLDLQWDOHGDWDPDVRORKDQQRDSSURILWWDWRGLWDOHPLVXUD LQTXDQWRLUHVWDQWLHUDQRJLjVSDULWLGDLFHQWULLQWDOHGDWD

(100) 4XHVWD PLVXUDKDDYXWROHFRQVHJXHQ]HRUPDLQRWHGHOOHWHQVLRQLFRQOD)UDQFLDHXQDVHULDULPHVVDLQGLVFXVVLRQHGHOODOLEHUWjGLFLUFROD]LRQHQHOORVSD]LR6FKHQJHQ ,ODSULOHO·,WDOLDKDFRQFOXVRFRQOD7XQLVLDXQDFFRUGRFKHSUHYHGHXQFHUWRQXPHURGLULPSDWULTXRWLGLDQLGHLPLJUDQWLWXQLVLQLDUULYDWLLQ,WDOLDGRSR WDOHGDWD/·DFFRUGRQRQqPDLVWDWRUHVRSXEEOLFRPDVRQRVWDWHFLWDWHFLIUHFRPSUHVHWUDHULPSDWULDOJLRUQR$OODGDWDGHOODYLVLWDGHOOD VRWWRFRPPLVVLRQHDGKRFLULPSDWULYHUVROD7XQLVLDHUDQRVWDWLVRVSHVL 7DOHVRVSHQVLRQHGHLULPSDWULKDSURGRWWRODFRQVHJXHQ]DFKHDOODGDWDGHOODYLVLWDGHOODVRWWRFRPPLVVLRQHDGKRFFLUFD7XQLVLQLHUDQRGHWHQXWL VXOO·LVROD$OFXQLGLHVVLORHUDQRGDSLGLYHQWLJLRUQLLQXQFHQWURFKLXVRVLWXDWRHVVRVWHVVRDOO·LQWHUQRGHOFHQWURFKLXVRGL&RQWUDGD,PEULDFROD0DOJUDGR O·DIIHUPD]LRQHGHOOHDXWRULWjVHFRQGRODTXDOHL7XQLVLQLQRQVRQRGHLGHWHQXWLLQTXDQWRQRQVLWURYDQRLQFHOOHLPHPEULGHOODVRWWRFRPPLVVLRQHKDQQRSRWXWR FRQVWDWDUHFKHOHFRQGL]LRQLDOOHTXDOLHUDQRVRWWRSRVWLHUDQRDVVLPLODELOLDXQDGHWHQ]LRQHHDXQDSULYD]LRQHGHOODOLEHUWj %HQFKpLPHPEULGHOODVRWWRFRPPLVVLRQHDGKRFFRPSUHQGDQRODSUHRFFXSD]LRQHGHOOHDXWRULWjLWDOLDQHGLDUJLQDUHO·RQGDWDGLLPPLJUD]LRQHLUUHJRODUH SURYHQLHQWHGDOOD7XQLVLDDOFXQHUHJROHGHYRQRWXWWDYLDHVVHUHULVSHWWDWHLQPDWHULDGLGHWHQ]LRQH,OFHQWURGL&RQWUDGD,PEULDFRODQRQqDGDWWRDO WUDWWHQLPHQWRGLPLJUDQWLLQVLWXD]LRQHLUUHJRODUH4XHVWLYLYHQJRQRGHIDFWRLQFDUFHUDWLVHQ]DDYHUHDFFHVVRDXQJLXGLFH&RPHKDJLjULFRUGDWRO·$VVHPEOHD SDUODPHQWDUHQHOODVXD5LVROX]LRQH 

(101) ©LOWUDWWHQLPHQWRYLHQHDWWXDWRVHFRQGRXQDSURFHGXUDGHILQLWDGDOODOHJJHYLHQHDXWRUL]]DWRGDXQ·DXWRULWj JLXGL]LDULDHGqVRJJHWWRDXQFRQWUROORJLXGL]LDULRSHULRGLFRª4XHVWLFULWHULQRQYHQJRQRULVSHWWDWLD/DPSHGXVDHOHDXWRULWjLWDOLDQHGRYUHEEHURWUDVIHULUH LPPHGLDWDPHQWHLPLJUDQWLLQVLWXD]LRQHLUUHJRODUHLQFHQWULGLWUDWWHQLPHQWRDGDWWLHFRQOHJDUDQ]LHJLXULGLFKHQHFHVVDULHDOWURYHLQ,WDOLD 8QDOWURHOHPHQWRIRQGDPHQWDOHPHQ]LRQDWRLQWDOHULVROX]LRQHqO·DFFHVVRDOO·LQIRUPD]LRQH7XWWHOHSHUVRQHWUDWWHQXWHGHYRQRLQIDWWLHVVHUHLQIRUPDWH UDSLGDPHQWHLQXQDOLQJXDFKHFRPSUHQGRQR©GHOOHSULQFLSDOLUDJLRQLJLXULGLFKHHIDWWXDOLGHOORURWUDWWHQLPHQWRGHLORURGLULWWLGHOOHQRUPHHGHOODSURFHGXUD GLLPSXJQD]LRQHª2UDVHqYHURFKHL7XQLVLQLFRQLTXDOLLPHPEULGHOODVRWWRFRPPLVVLRQHDGKRFKDQQRSDUODWRHUDQRSHUIHWWDPHQWHFRQVDSHYROLGHOOD LUUHJRODULWjGHOORURLQJUHVVRVXOWHUULWRULRLWDOLDQR DOFXQLGLORURGHOUHVWRQRQHUDQRDOSULPRWHQWDWLYRHGHUDQRJLjVWDWLULPDQGDWLLQ7XQLVLDLQSDVVDWR

(102) OR VWHVVRQRQSXzGLUVLSHUO·LQIRUPD]LRQHVXLORURGLULWWLHVXOODSURFHGXUD/HDXWRULWjLWDOLDQHQRQHUDQRHVVHVWHVVHLQJUDGRGLLQGLFDUHDLPHPEULGHOOD VRWWRFRPPLVVLRQHDGKRFTXDQGRVDUHEEHURSRWXWLULSUHQGHUHLULPSDWULYHUVROD7XQLVLD4XHVWDLQFHUWH]]DROWUHDUDSSUHVHQWDUHXQIDWWRUHGLVWUHVVQRWHYROH VRWWROLQHDDQFRUDXQDYROWDO·LQDGHJXDWH]]DGHOWUDWWHQLPHQWRGL7XQLVLQLD/DPSHGXVDSHUOXQJKLSHULRGLVHQ]DSRVVLELOLWjGLDFFHVVRDXQJLXGLFH &RPHVRSUDLQGLFDWRLOVHWWHPEUHXQLQFHQGLRKDFDXVDWRJUDYLGDQQLQHOSULQFLSDOHFHQWURGLDFFRJOLHQ]D6HPEUDFKHVLDVWDWRDSSLFFDWRGDPLJUDQWL WXQLVLQLFKHLQWHQGHYDQRSURWHVWDUHFRQWUROHORURFRQGL]LRQLGLWUDWWHQLPHQWRHLOORURLPPLQHQWHULPSDWULRIRU]DWRLQ7XQLVLDËGDQRWDUHFKHLQWDOHGDWDSLGL 7XQLVLQLHUDQRGHWHQXWLVXOO·LVRODFLQTXHYROWHGLSLFKHDOPRPHQWRGHOODYLVLWDGHOODVRWWRFRPPLVVLRQHDGKRF 4XDQGRO·LVRODRVSLWDYDPHQRGL7XQLVLQLODVRWWRFRPPLVVLRQHDGKRFQRQDYHYDDYXWRO·DXWRUL]]D]LRQHDYLVLWDUHODSDUWHFKLXVDGHOFHQWURGL DFFRJOLHQ]DLQFXLJOLVWHVVLHUDQRGHWHQXWL/HDXWRULWjDYHYDQRLQIRUPDWRLPHPEULGHOODVRWWRFRPPLVVLRQHFKHODYLVLWDHUDLPSRVVLELOHSHUPRWLYLGLVLFXUH]]D HYRFDQGRWHQVLRQLDOO·LQWHUQRGLGHWWDSDUWHGHOFHQWURQRQFKpGHLWHQWDWLYLGLDXWROHVLRQLVPRGDSDUWHGLDOFXQL7XQLVLQL 6DSHQGRFKHOHDXWRULWjHUDQRJLjSUHRFFXSDWHGDXQDVLWXD]LRQHGLWHQVLRQHTXDQGRYLHUDQRPHQRGL7XQLVLQLQHOFHQWURYLqPRWLYRGLFKLHGHUVL SHUFKpSLGLIRVVHURGHWHQXWLQHOORVWHVVRFHQWURLOVHWWHPEUH'LIDWWRWDOHFHQWURQRQqQpFRQFHSLWRQpXIILFLDOPHQWHGHVLJQDWRFRPHXQFHQWURGL WUDWWHQLPHQWRGLPLJUDQWLLQVLWXD]LRQHLUUHJRODUH 

(103)  ;,98QRQHUHVSURSRU]LRQDWRSHUO·LVRODGL/DPSHGXVD KWWSVZZZJLXVWL]LDLWJLXVWL]LDLWPJBBBZS"IDFHW1RGHB BBB IDFHW1RGHB B 

(104) IDFHW1RGHB B 

(105) IDFHW1RGHB B 

(106) SUHYLVLRXV3DJH PJBB FRQWHQW,G 6'8. .

(107) . 0LQLVWHURGHOOD*LXVWL]LD6HQWHQ]HGHOOD&RUWH(XURSHDGHL'LULWWLGHOO 8RPR. /DJHVWLRQHLQDGHJXDWDRWDUGLYDGHOODFULVLDOO·LQL]LRGHOQRQFKpLIDWWLUHFHQWLDYUDQQRVHQ]DGXEELRGHOOHFRQVHJXHQ]HLUUHSDUDELOLSHUJOLDELWDQWLGL /DPSHGXVD/DVWDJLRQHWXULVWLFDGHOVDUjFDWDVWURILFD0HQWUHQHOVLHUDUHJLVWUDWRXQDXPHQWRGHOGHOQXPHURGHLYLVLWDWRULDSDUWLUHGD IHEEUDLRWXWWHOHSUHQRWD]LRQLVRQRVWDWHDQQXOODWH$OODILQHGLPDJJLRWXWWLLUHJLVWULGLSUHQRWD]LRQHGHJOLDOEHUJDWRULHUDQRYXRWL,SURIHVVLRQLVWLGHO VHWWRUHWXULVWLFRKDQQRHVSUHVVRLOORURVJRPHQWRDLPHPEULGHOODVRWWRFRPPLVVLRQHDGKRF(VVLDYHYDQRLQIDWWLVRVWHQXWRGHOOHVSHVHGLULQQRYRRGL PLJOLRUDPHQWRGHOOHLQIUDVWUXWWXUHWXULVWLFKHXWLOL]]DQGRLOGHQDURYHUVDWRSHUOHSUHQRWD]LRQL+DQQRGRYXWRULPERUVDUHTXHVWHVRPPHDOPRPHQWR GHOO·DQQXOODPHQWRHVLULWURYDQRRUDLQXQDVLWXD]LRQHHFRQRPLFDSUHFDULDLQGHELWDWLHVHQ]DSURVSHWWLYHGLHQWUDWHHFRQRPLFKHSHUODVWDJLRQH 3HUDOWURLPHPEULGHOODVRWWRFRPPLVVLRQHDGKRFKDQQRSRWXWRFRQVWDWDUHLOODYRURUDSSUHVHQWDWRGDOODSXOL]LDHGDOODGHPROL]LRQHGHOOHLPEDUFD]LRQL RGL FLzFKHQHqULPDVWRHFKHLQJRPEUDLOSRUWR

(108) HLOSHULFRORSRWHQ]LDOHFKHWDOLLPEDUFD]LRQLRUHOLWWLUDSSUHVHQWDQRSHUODTXDOLWjGHOOHDFTXHGHOO·LVRODFKHGHYH ULVSHWWDUHGHOOHGLVSRVL]LRQLDPELHQWDOLULJLGH7DOLRSHUD]LRQLVRQRLQROWUHPROWRFRVWRVH PH]]RPLOLRQHGLHXURSHUOHLPEDUFD]LRQLDQFRUDLQDFTXDDOOD GDWDGHOODYLVLWDTXDQGRO·LVRODFRQWDYDUHOLWWL

(109) 6RQRVWDWHDGRWWDWHPLVXUHGDOOD3URWH]LRQHFLYLOHDOORVFRSRGLDVVLFXUDUHORVPDQWHOODPHQWRGHOOH LPEDUFD]LRQLHLOSRPSDJJLRGHLOLTXLGLLQTXLQDQWL /RVWDWRGLGHSHULPHQWRGHOOHLPEDUFD]LRQLLQTXHVWLRQHqSHUDOWURLQGLFDWLYRGHOJUDGRGLGLVSHUD]LRQHGHOOHSHUVRQHFKHYLULVFKLDQRODYLWDDWWUDYHUVDQGRLO 0HGLWHUUDQHR,JXDUGDFRVWHKDQQRLQGLFDWRDLPHPEULGHOODVRWWRFRPPLVVLRQHDGKRFFKHVROWDQWRLOGHOOHLPEDUFD]LRQLFKHDUULYDQRVLWURYDYDQRLQEXRQR VWDWRGLULSDUD]LRQH ,QRFFDVLRQHGHOODYLVLWDGHOODGHOHJD]LRQHDOFXQLUDSSUHVHQWDQWLGHJOLDELWDQWLGHOO·LVROD LQSDUWLFRODUHDOFXQHSHUVRQHFKHUDSSUHVHQWDQRLOUDPR DOEHUJKLHURHODULVWRUD]LRQH

(110) HLOVLQGDFRGL/DPSHGXVDKDQQRFRPXQLFDWROHORURLGHHSHUULPHGLDUHDTXHVWDFDWDVWURIHSHUO·HFRQRPLDORFDOH,QQHVVXQ PRPHQWRKDQQRHVSUHVVRO·LQWHQ]LRQHGLVPHWWHUHGLDFFRJOLHUHOHSHUVRQHFKHDUULYDQRFRQOHLPEDUFD]LRQLEHQDOFRQWUDULRPDKDQQRFKLHVWRXQDJLXVWD FRPSHQVD]LRQHSHUOHSHUGLWHGRYXWHDOIDWWRFKHODORURLVRODKDYRFD]LRQHDIRUQLUHULIXJLR 3HUTXHVWRKDQQRSUHGLVSRVWRXQGRFXPHQWRFRQWHQHQWHYDULHSURSRVWHFKHKDQQRWUDVPHVVRDOODGHOHJD]LRQH/DSURSRVWDGLPDJJLRUULOLHYRFRQVLVWHUHEEH QHOULFRQRVFLPHQWRGHOO·LVRODLQTXDQWR]RQDIUDQFD/DGHOHJD]LRQHKDSUHVRQRWDGLTXHVWDSURSRVWDHDQFKHGHOODSURSRVWDGLSURURJDUHGLXQDQQROD VFDGHQ]DGHOSDJDPHQWRGHOOHLPSRVWHSHUJOLDELWDQWLGHOO·LVROD3XUVRWWROLQHDQGRFKHWDOLTXHVWLRQLQRQULHQWUDQRQHOVXRPDQGDWRLPHPEULGHOOD VRWWRFRPPLVVLRQHDGKRFLQYLWDQROHDXWRULWjLWDOLDQHFRPSHWHQWLDHVDPLQDUHWDOLGRPDQGHWHQHQGRFRQWRGHOSHVDQWHIDUGHOORFRVWLWXLWRSHUO·LVRODHLVXRL DELWDQWLGDJOLDUULYLYLDPDUHGLPLJUDQWLLUUHJRODULGLULIXJLDWLHGLULFKLHGHQWLDVLOR ;9&RQFOXVLRQLHUDFFRPDQGD]LRQL 

(111)  6XOODEDVHGHOOHVXHRVVHUYD]LRQLODVRWWRFRPPLVVLRQHDGKRFLQYLWDOHDXWRULWjLWDOLDQH DFRQWLQXDUHDGDGHPSLHUHVHQ]DHFFH]LRQLHVHQ]DLQGXJLRDOORURREEOLJRGLVRFFRUUHUHOHSHUVRQHLQVLWXD]LRQHGLSHULFRORLQPDUHHGLJDUDQWLUHOD SURWH]LRQHLQWHUQD]LRQDOHFRPSUHVRLOGLULWWRGLDVLORHGLQRQUHVSLQJLPHQWR DGDWWXDUHGHOOHPLVXUHIOHVVLELOLFKHSHUPHWWDQRGLDXPHQWDUHOHFDSDFLWjGLDFFRJOLHQ]DD/DPSHGXVD DPLJOLRUDUHOHFRQGL]LRQLGLDFFRJOLHQ]DQHLFHQWULHVLVWHQWLLQSDUWLFRODUHQHOOD%DVH/RUDQDVVLFXUDQGRLQYLDSULRULWDULDFKHOHFRQGL]LRQLVDQLWDULHHGL VLFXUH]]DULVSRQGDQRDOOHQRUPHYLJHQWL²DQFKHTXDQGRLFHQWULVRQRVRYUDIIROODWL²HSURFHGHQGRDFRQWUROOLULJRURVLHIUHTXHQWLGHJOLREEOLJKLFKHLQFRPERQR VXOODVRFLHWjSULYDWDLQFDULFDWDGHOODJHVWLRQHGHLFHQWUL DGDFFHUWDUVLFKHOHSHUVRQHLQDUULYRDEELDQRODSRVVLELOLWjGLFRQWDWWDUHOHORURIDPLJOLHTXDQWRSLUDSLGDPHQWHSRVVLELOHHTXHVWRDQFKHGXUDQWHODORUR SHUPDQHQ]DD/DPSHGXVDLQSDUWLFRODUHDOOD%DVH/RUDQGRYHYLVRQRGHLSUREOHPLLQWDOVHQVR DSUHYHGHUHGHOOHVWUXWWXUHGLDFFRJOLHQ]DDGHJXDWHSHULPLQRULQRQDFFRPSDJQDWLYLJLODQGRDIILQFKpHVVLQRQVLDQRGHWHQXWLHVLDQRVHSDUDWLGDJOLDGXOWL DFKLDULUHORVWDWXVJLXULGLFRGHOWUDWWHQLPHQWRGHIDFWRQHLFHQWULGLDFFRJOLHQ]DGL/DPSHGXVD VRSUDWWXWWRSHUTXDQWRULJXDUGDL7XQLVLQLDPDQWHQHUHLQVWDWRGLWUDWWHQLPHQWRDPPLQLVWUDWLYRLPLJUDQWLLQVLWXD]LRQHLUUHJRODUHVROWDQWRVHFRQGRXQD SURFHGXUDGHILQLWDGDOODOHJJHDYDOODWDGDXQRUJDQRJLXGL]LDULRHRJJHWWRGLXQFRQWUROORJLXGL]LDULRSHULRGLFR KWWSVZZZJLXVWL]LDLWJLXVWL]LDLWPJBBBZS"IDFHW1RGHB BBB IDFHW1RGHB B 

(112) IDFHW1RGHB B 

(113) IDFHW1RGHB B 

(114) SUHYLVLRXV3DJH PJBB FRQWHQW,G 6'8. .

(115) . 0LQLVWHURGHOOD*LXVWL]LD6HQWHQ]HGHOOD&RUWH(XURSHDGHL'LULWWLGHOO 8RPR. DFRQWLQXDUHDJDUDQWLUHLOWUDVIHULPHQWRUDSLGRGHLQXRYLDUULYDWLLQFHQWULGLDFFRJOLHQ]DVLWXDWLLQDOWUHORFDOLWjLQ,WDOLDDQFKHVHLOORURQXPHURGRYHVVH DXPHQWDUH DGHVDPLQDUHOHGRPDQGHIRUPXODWHGDOODSRSROD]LRQHGL/DPSHGXVDDOORVFRSRGLVRVWHQHUODLQPLVXUDSURSRU]LRQDOHDOO·RQHUHFKHVXHVVDLQFRPEHLQ SDUWLFRODUHLQWHUPLQLHFRQRPLFL DQRQFRQFOXGHUHDFFRUGLELODWHUDOLFRQOHDXWRULWjGLSDHVLQHLTXDOLODVLWXD]LRQHQRQqVLFXUDHLQFXLLGLULWWLIRQGDPHQWDOLGHOOHSHUVRQHLQWHUFHWWDWHQRQ YHQJRQRDGHJXDWDPHQWHJDUDQWLWLLQSDUWLFRODUHOD/LELDª %$PQHVW\,QWHUQDWLRQDO ,ODSULOH$PQHVW\,QWHUQDWLRQDOKDSXEEOLFDWRXQUDSSRUWRGDOWLWROR©&RQFOXVLRQLHUDFFRPDQGD]LRQLGL$PQHVW\,QWHUQDWLRQDODOOHDXWRULWjLWDOLDQHD VHJXLWRGHOODPLVVLRQHGLULFHUFDD/DPSHGXVDH0LQHRª6LULSRUWDQRGLVHJXLWROHSDUWLSHUWLQHQWL GRFXPHQWRLQOLQJXDLQJOHVH

(116)  ©8QDFULVLXPDQLWDULDSURYRFDWDGDOOHVWHVVHDXWRULWjLWDOLDQHµ  $SDUWLUHGDJHQQDLRD/DPSHGXVDVLqYHULILFDWRXQFUHVFHQWHQXPHURGLVEDUFKLGLSHUVRQHSURYHQLHQWLGDO1RUGDIULFD$OODGDWDGHODSULOHHUDQR DUULYDWHLQ,WDOLDROWUHSHUVRQHODPDJJLRUSDUWHGHOOHTXDOLVXOODSLFFRODLVROD1RQRVWDQWHLOVLJQLILFDWLYRDXPHQWRGHJOLVEDUFKLFKHVLSUHYHGHYD FRQWLQXDVVHDGDXPHQWDUHDOODOXFHGHOODSLHJDSUHVDGDJOLHYHQWLLQ1RUGDIULFDOHDXWRULWjLWDOLDQHKDQQRODVFLDWRFKHODJUDQGHTXDQWLWjGLSHUVRQHDUULYDWHD /DPSHGXVDVLPROWLSOLFDVVHILQRDTXDQGRODVLWXD]LRQHVXOO·LVRODqGLYHQWDWDLQJHVWLELOH/DPSHGXVDGLSHQGHGDOODWHUUDIHUPDSHUO·DSSURYYLJLRQDPHQWRGL SUDWLFDPHQWHWXWWLLEHQLHLVHUYL]LGLSULPDQHFHVVLWjHQRQqDWWUH]]DWDSHUHVVHUHXQJUDQGHFHQWURGLDFFRJOLHQ]DHGLVRJJLRUQRSXUGLVSRQHQGRGHOOD GRWD]LRQHHVVHQ]LDOHSHUSRWHUIXQJHUHGDFHQWURGLWUDQVLWRSHUSLFFROLJUXSSLGLSHUVRQH  0DQFDQ]DGLLQIRUPD]LRQLVXOO·DFFHVVRDOOHSURFHGXUHGLDVLOR ,QFRQVLGHUD]LRQHGHOIDWWRFKHDOPRPHQWRGHOODYLVLWDGL$PQHVW\,QWHUQDWLRQDOVXOO·LVRODO·81+&5DYHYDVWLPDWRFKHD/DPSHGXVDYLIRVVHURFLUFD FLWWDGLQLVWUDQLHULLOQXPHURGLSHUVRQHLQFDULFDWHGLIRUQLUHLQIRUPD]LRQLULJXDUGRO·DVLORULVXOWDYDHVVHUHDVVROXWDPHQWHLQDGHJXDWR'DFLzFKH$PQHVW\ ,QWHUQDWLRQDOKDSRWXWRYHULILFDUHOHLQIRUPD]LRQLULJXDUGRDOOHSURFHGXUHGLDVLORHUDQRIRUQLWHGDXQULVWUHWWRJUXSSRGLSHUVRQHDVVROXWDPHQWHLQDGHJXDWRLQ UDSSRUWRDOQXPHURGHJOLDUULYL,QROWUHOHSHUVRQHFKHDUULYDYDQRHUDQRVRWWRSRVWHDXQDYLVLWDPHGLFDPROWRVEULJDWLYDHDXQDVHOH]LRQHPROWRVRPPDULD3HU GLSLVHPEUDYDVLSDUWLVVHGDOSUHVXSSRVWRFKHWXWWHOHSHUVRQHDUULYDWHGDOOD7XQLVLDIRVVHURPLJUDQWLHFRQRPLFL 3HU$PQHVW\,QWHUQDWLRQDOqSDUWLFRODUPHQWHSUHRFFXSDQWHFKHDOPRPHQWRGHOODVXDYLVLWDLFLWWDGLQLVWUDQLHULQRQIRVVHURVWDWLRSSRUWXQDPHQWHLQIRUPDWLVX FRPHDFFHGHUHDOOHSURFHGXUHGLDVLORHFKHJOLVWHVVLQRQIRVVHURVWDWLLGHQWLILFDWLRVHOH]LRQDWLFRUUHWWDPHQWH/DGHOHJD]LRQHKDSDUODWRFRQSHUVRQHDFXLQRQ HUDQRVWDWHGDWHDIIDWWRLQIRUPD]LRQLVXLSURFHGLPHQWLGLDVLORRDFXLHUDQRVWDWHGDWHLQPRGRPROWRLQDGHJXDWRLQPROWLFDVLQRQHUDVWDWDGDWDORURDOFXQD LQIRUPD]LRQHVXOODORURVLWXD]LRQH1RQJOLHUDVWDWRGHWWRSHUTXDQWRWHPSRDYUHEEHURGRYXWRULPDQHUHVXOO·LVRODQpTXDOHVDUHEEHVWDWDODORURGHVWLQD]LRQH ILQDOHXQDYROWDWUDVIHULWLDOWURYH9LVWRFKHPROWLGLFRORURFKHHUDQRDUULYDWLD/DPSHGXVDDYHYDQRJLjVRSSRUWDWRYLDJJLSHUPDUHHVWUHPDPHQWHSHULFRORVLH FKHDOFXQLDYHYDQRYLVWRDGGLULWWXUDLSURSULFRPSDJQLGLYLDJJLRDIIRJDUHOHVSDYHQWRVHFRQGL]LRQLVXOO·LVRODHODSUHVVRFKpWRWDOHDVVHQ]DGLLQIRUPD]LRQL FRVWLWXLYDQRXQDXOWHULRUHIRQWHGLDQVLDHGLVWUHVV 6HFRQGRLOSDUHUHGL$PQHVW\,QWHUQDWLRQDOLVLVWHPLGLDVLORHGLDFFRJOLHQ]DHUDQRFRPSOHWDPHQWHFROODVVDWLSHULOJUDYHVRYUDIIROODPHQWRFDXVDWRGDOODWRWDOH PDQFDQ]DGLXQDRUJDQL]]D]LRQHWHPSHVWLYDHVLVWHPDWLFDGHLWUDVIHULPHQWLGDOO·LVROD &RQGL]LRQLQHL´&HQWULµGHOO·LVROD $/DPSHGXVDODGHOHJD]LRQHGL$PQHVW\,QWHUQDWLRQDOKDYLVLWDWRVLDLOFHQWURSULQFLSDOHQHOOD&RQWUDGD,PEULDFRODSUHVVRLOTXDOHVRQRUHJLVWUDWLHRVSLWDWL XRPLQLDGXOWLSURYHQLHQWLSUHYDOHQWHPHQWHGDOOD7XQLVLDVLDODEDVHPLOLWDUH/RUDQGRYHVRQRRVSLWDWLEDPELQLHQXRYLDUULYLGDOOD/LELD ,OFHQWURSULQFLSDOHSUHVVROD&RQWUDGD,PEULDFRODqDWWUH]]DWRSHUIXQ]LRQDUHFRPHXQFHQWURGLWUDQVLWRSHUXQQXPHURUHODWLYDPHQWHFRQWHQXWRGLSHUVRQHOD VXDFDSDFLWjWRWDOHqDSSHQDVXSHULRUHDOOHSHUVRQH,OPDU]RLGHOHJDWLGL$PQHVW\,QWHUQDWLRQDOKDQQRSDUODWRFRQOHSHUVRQHFKHHUDQRRVSLWDWHSUHVVR LOFHQWURPHQWUHQHHQWUDYDQRRQHXVFLYDQR/DGHOHJD]LRQHQRQqSRWXWDHQWUDUHQHOFHQWURVWHVVRLQTXHOODRFFDVLRQHPDKDSRWXWRDFFHGHUYLLOJLRUQRVHJXHQWH KWWSVZZZJLXVWL]LDLWJLXVWL]LDLWPJBBBZS"IDFHW1RGHB BBB IDFHW1RGHB B 

(117) IDFHW1RGHB B 

(118) IDFHW1RGHB B 

(119) SUHYLVLRXV3DJH PJBB FRQWHQW,G 6'8. .

(120) . 0LQLVWHURGHOOD*LXVWL]LD6HQWHQ]HGHOOD&RUWH(XURSHDGHL'LULWWLGHOO 8RPR. TXDQGRLOFHQWURHUDVWDWRDSSHQDVJRPEHUDWRLQTXDQWRHUDQRVWDWLWXWWLWUDVIHULWLGDOO·LVROD &RORURFKHYLYHYDQRQHOFHQWURKDQQRULIHULWRFKHYLHUDQRFRQGL]LRQLVSDYHQWRVHFRPSUHVRJUDYHVRYUDIIROODPHQWRVSRUFL]LDHGRWD]LRQLVDQLWDULHLQXWLOL]]DELOL $OFXQHSHUVRQHKDQQRULIHULWRDLGHOHJDWLGL$PQHVW\,QWHUQDWLRQDOFKHDYHYDQRSUHIHULWRGRUPLUHSHUODVWUDGDSLXWWRVWRFKHQHOFHQWURLQTXDQWRORULWHQHYDQR WURSSRVSRUFRSHUHVVHUHDELWDELOH$PQHVW\,QWHUQDWLRQDOVXFFHVVLYDPHQWHKDSDUODWRFRQLO'LUHWWRUHGHOFHQWURFKHKDFRQIHUPDWRLOVRYUDIIROODPHQWR DIIHUPDQGRFKHLOPDU]RORVWHVVRRVSLWDYDSHUVRQHROWUHLOGRSSLRGHOODVXDFDSDFLWjPDVVLPD 6HEEHQH$PQHVW\,QWHUQDWLRQDODEELDSRWXWRYLVLWDUHLOFHQWURVRORGRSRFKHHUDVWDWRVJRPEUDWRODVLWXD]LRQHULVFRQWUDWDGDOODGHOHJD]LRQHFRQIHUPDTXDQWR GLFKLDUDWRGDLSUHFHGHQWLDELWDQWL1RQRVWDQWHDOPRPHQWRGHOODYLVLWDIRVVHLQFRUVRXQDRSHUD]LRQHGLSXOL]LDYLHUDXQWHUULELOHRGRUHGLDFTXHUHIOXHYL HUDQRVSDUVLLUHVWLGLWHQGHGLIRUWXQDHGHUDQRDQFRUDHYLGHQWLFDWDVWHGLULILXWL  (638/6,21,6200$5,(&2//(77,9(6(&21'248$1725,)(5,72',&,77$',1,781,6,1,'$/$03('86$$3$57,5('$/$35,/($6(*8,72'(//$ ),50$',81$&&25'275$/($8725,7$·,7$/,$1((48(//(781,6,1( $PQHVW\,QWHUQDWLRQDOqHVWUHPDPHQWHSUHRFFXSDWDSHULULPSDWULIRU]DWLFRPLQFLDWLLODSULOHD/DPSHGXVDDVHJXLWRGHOODUHFHQWHILUPDGLXQDFFRUGRWUDOH DXWRULWjWXQLVLQHHTXHOOHLWDOLDQH$OPRPHQWRGHOODUHGD]LRQHGHOSUHVHQWHUDSSRUWRWDOLULPSDWULVRQRDQFRUDLQFRUVRHVHFRQGRTXDQWRULIHULWRGDOO· DSULOHVRQRHIIHWWXDWLGXHYROWHDOJLRUQRSHUPH]]RDHUHR ,ODSULOHLO0LQLVWHURGHOO·LQWHUQRLWDOLDQRKDDQQXQFLDWRFKHO·,WDOLDDYHYDILUPDWRXQDFFRUGRFRQOD7XQLVLDDVHJXLWRGHOTXDOHTXHVW·XOWLPDVLLPSHJQDYDD UDIIRU]DUHLFRQWUROOLDOOHIURQWLHUHDOILQHGLLPSHGLUHOHSDUWHQ]HHDGDFFHWWDUHODUDSLGDULDPPLVVLRQHGLSHUVRQHVEDUFDWHUHFHQWHPHQWHHLQSURFLQWRGL VEDUFDUHLQ,WDOLD$PQHVW\,QWHUQDWLRQDOqSDUWLFRODUPHQWHSUHRFFXSDWDGHOIDWWRFKHVHFRQGRLOVRSUDFLWDWRDQQXQFLRLPLJUDQWLWXQLVLQLVEDUFDWLVXOOHVSLDJJH LWDOLDQHSRVVDQRHVVHUH´ULPSDWULDWLGLUHWWDPHQWHµHFRQ´SURFHGXUHVHPSOLILFDWHµ $OODOXFHGLWDOHDQQXQFLRHYLVWHLQSDUWLFRODUHOHFRQFOXVLRQLGL$PQHVW\,QWHUQDWLRQDOLQUHOD]LRQHDOODWRWDOHLQDGHJXDWH]]DGHOOHSURFHGXUHGLDVLORD /DPSHGXVDO·RUJDQL]]D]LRQHULWLHQHFKHOHSHUVRQHVRJJHWWHD´ULPSDWULGLUHWWLµDVHJXLWRGL´SURFHGXUHVHPSOLILFDWHµVLDQRVWDWHYLWWLPHGLHVSXOVLRQL VRPPDULHFROOHWWLYH 6HFRQGRTXDQWRULVXOWDD$PQHVW\,QWHUQDWLRQDOOHSHUVRQHVRQRVWDWHWUDVIHULWHGDOO·LVRODHQWURXQRRGXHJLRUQLGDOORURDUULYR5LVXOWDSHUWDQWRHVWUHPDPHQWH LPSUREDELOHFKHDWDOLSHUVRQHVLDVWDWDRIIHUWDODSRVVLELOLWjGLDFFHGHUHDXQDRSSRUWXQLWjVLJQLILFDWLYDRDGHJXDWDGLGLFKLDUDUHFKHQRQGRYHYDQRHVVHUH ULPSDWULDWLLQ7XQLVLDLQEDVHDOODSURWH]LRQHLQWHUQD]LRQDOHRDGDOWUHPRWLYD]LRQL,QWDOLFLUFRVWDQ]HOHVRSUDFLWDWHHVSXOVLRQLHTXLYDUUHEEHURDHVSXOVLRQL VRPPDULH FIUOHVHQWHQ]HGHOOD&RUWH(XURSHDGHL'LULWWLGHOO·8RPRQHOODFDXVD+DVVDQSRXU2PUDQLF6YH]LDH-DEDULF7XUFKLD

(121) 7DOLSUDWLFKHVRQR VHYHUDPHQWHSURLELWHDLVHQVLGHOGLULWWRLQWHUQD]LRQDOHUHJLRQDOHHQD]LRQDOHVXLGLULWWLGHOO·XRPRHGHLULIXJLDWL8OWHULRULQRUPHVXLGLULWWLGHOO·XRPRHGHL ULIXJLDWLULFKLHGRQRFKHOR6WDWRFKHHIIHWWXDO·HVSXOVLRQHGHYHSUHYHGHUHXQHIILFDFHYLDGLULFRUVRFRQWUROHHVSXOVLRQL3URFHGHUHDOO·HVSXOVLRQHVHQ]DGDUHDOOH SHUVRQHLQWHUHVVDWHODSRVVLELOLWjGLHVHUFLWDUHLOORURGLULWWRDLPSXJQDUHWDOHGHFLVLRQHWUDPLWHXQSURFHGXUDHIILFDFHGHWHUPLQDGLSHUVpXQDYLROD]LRQHGHL GLULWWLGHOO·XRPRDSUHVFLQGHUHGDOIDWWRFKHO·HVSXOVLRQHPHWWHOHSHUVRQHLQWHUHVVDWHLQXQDVLWXD]LRQHGLJUDYHULVFKLRGLYLROD]LRQLGHLGLULWWLGHOO·XRPRFKH DVXDYROWDFRVWLWXLUHEEHXQDYLROD]LRQHGHOSULQFLSLRGLQRQUHVSLQJLPHQWR µ ,1',5,772 ,48(67,21(35(/,0,1$5( 1HOOHVXHRVVHUYD]LRQLFRPSOHPHQWDULHVXOO·HTXDVRGGLVID]LRQHGHOOXJOLRLO*RYHUQRHFFHSLVFHSHUODSULPDYROWDLOPDQFDWRHVDXULPHQWRGHOOHYLH GLULFRUVRLQWHUQHIDFHQGRRVVHUYDUHFKHDLVHQVLGHOO·DUWLFRORGHOGHFUHWROHJLVODWLYRQGHO©DYYHUVRLOGHFUHWRGLHVSXOVLRQHORVWUDQLHURSXz «

(122) SUHVHQWDUHULFRUVRDOJLXGLFHGLSDFHGHOOXRJRLQFXLKDVHGHO·DXWRULWjFKHKDGLVSRVWRO·HVSXOVLRQHª SDUDJUDIRVXSUD

(123) (EEHQHLULFRUUHQWLQRQVLVRQR DYYDOVLGLWDOHULFRUVR 1HOOHORURRVVHUYD]LRQLGHOPDJJLRLQULVSRVWDDOOHSULPHRVVHUYD]LRQLGHO*RYHUQRLULFRUUHQWLQRWDYDQRFKHDOO·XOWLPRSDUDJUDIRLQGDWD VHWWHPEUHLO*RYHUQRVLHUDOLPLWDWRDFKLHGHUHDOOD&RUWHGL©GLFKLDUDUHLOULFRUVRLUULFHYLELOHDLVHQVLGHOO·DUWLFROR†ªVHQ]DLQGLFDUHOHYLHGLULFRUVR FKHDYUHEEHURGRYXWRHVVHUHHVSHULWH3HUWDQWRHVVLLQGLFDYDQRFKHLQWDOLFRQGL]LRQLLO*RYHUQRQRQSRWUHEEHHFFHSLUHLOPDQFDWRHVDXULPHQWRGHOOHYLHGL KWWSVZZZJLXVWL]LDLWJLXVWL]LDLWPJBBBZS"IDFHW1RGHB BBB IDFHW1RGHB B 

(124) IDFHW1RGHB B 

(125) IDFHW1RGHB B 

(126) SUHYLVLRXV3DJH PJBB FRQWHQW,G 6'8. .

(127) . 0LQLVWHURGHOOD*LXVWL]LD6HQWHQ]HGHOOD&RUWH(XURSHDGHL'LULWWLGHOO 8RPR. ULFRUVRLQWHUQH $GRJQLPRGRLULFRUUHQWLDIIHUPDQRGLQRQDYHUPDLDYXWRODSRVVLELOLWjGLSUHVHQWDUHDOOHDXWRULWjJLXGL]LDULHLWDOLDQHXQULFRUVRULJXDUGDQWHODOHJDOLWjGHOOD ORURSULYD]LRQHGHOODOLEHUWj 3HUTXDQWRULJXDUGDODSRVVLELOLWjGLSUHVHQWDUHXQDGHQXQFLDSHUYLROD]LRQHGHLORURGLULWWLFRQYHQ]LRQDOLGLQDQ]LDOOHDXWRULWjJLXGL]LDULHSHQDOLVLWUDWWHUHEEH GLXQDYLDGLULFRUVRQRQHIIHWWLYDSHUFKpSULYDGLHIIHWWRVRVSHQVLYR /D&RUWHUDPPHQWDFKHDLVHQVLGHOO·DUWLFRORGHOVXRUHJRODPHQWROD3DUWHFRQWUDHQWHFRQYHQXWDFKHLQWHQGDVROOHYDUHXQDHFFH]LRQHGLLUULFHYLELOLWj GHYHIDUORQHOODPLVXUDLQFXLORFRQVHQWDQRODQDWXUDGHOO·HFFH]LRQHHOHFLUFRVWDQ]HQHOOHVXHRVVHUYD]LRQLVFULWWHRGRUDOLVXOODULFHYLELOLWjGHOULFRUVR 1&F ,WDOLD>*&@Q†&('8;

(128) 1HOFDVRGLVSHFLHLO*RYHUQRQRQKDFKLDUDPHQWHVROOHYDWRXQDHFFH]LRQHGLPDQFDWRHVDXULPHQWRGHOOHYLHGL ULFRUVRLQWHUQHQHOOHVXHRVVHUYD]LRQLGHOVHWWHPEUHVXOODULFHYLELOLWjHVXOPHULWRLQTXDQWRVLHUDLYLOLPLWDWRDGDIIHUPDUHFKHOD&RUWHDYUHEEHGRYXWR GLFKLDUDUHLOULFRUVR©LUULFHYLELOHDLVHQVLGHOO·DUWLFROR†ªVHQ]DLQGLFDUHLOPRWLYRGLWDOHLUULFHYLELOLWjQpLQTXHVWRFDVRODYLDGLULFRUVRFKHDYUHEEH GRYXWRHVVHUHVHJXLWD/DTXHVWLRQHGHOODPDQFDWDSUHVHQWD]LRQHGDSDUWHGHLULFRUUHQWLGLXQULFRUVRDOJLXGLFHGLSDFHDYYHUVRLGHFUHWLGLUHVSLQJLPHQWRHUD DIIURQWDWDVROWDQWRQHOOHRVVHUYD]LRQLFRPSOHPHQWDULHVXOO·HTXDVRGGLVID]LRQH,O*RYHUQRQRQIRUQLVFHDOFXQDVSLHJD]LRQHVXWDOHLQGXJLRHOD&RUWHQRQULOHYD DOFXQDFLUFRVWDQ]DHFFH]LRQDOHFKHSRVVDHVRQHUDUORGDOO·REEOLJRGLVROOHYDUHOHHFFH]LRQLLQWHPSRXWLOH VLYHGDPXWDWLVPXWDQGLV'KDKELF,WDOLDQ †DSULOHH*&F,WDOLDQ†DSULOH

(129)  1HFRQVHJXHFKHLO*RYHUQRQRQSXzHFFHSLUHLOPDQFDWRHVDXULPHQWRGHOOHYLHGLULFRUVRLQWHUQH ,,68//$'('277$9,2/$=,21('(//·$57,&2/2†'(//$&219(1=,21( ,ULFRUUHQWLULWHQJRQRGLHVVHUHVWDWLSULYDWLGHOODORUROLEHUWjLQPDQLHUDLQFRPSDWLELOHFRQO·DUWLFROR†GHOOD&RQYHQ]LRQH 4XHVWDGLVSRVL]LRQHUHFLWD ©2JQLSHUVRQDKDGLULWWRDOODOLEHUWjHDOODVLFXUH]]D1HVVXQRSXzHVVHUHSULYDWRGHOODOLEHUWjVHQRQQHLFDVLVHJXHQWLHQHLPRGLSUHYLVWLGDOODOHJJH D

(130) VHqGHWHQXWRUHJRODUPHQWHLQVHJXLWRDFRQGDQQDGDSDUWHGLXQWULEXQDOHFRPSHWHQWH E

(131) VHVLWURYDLQUHJRODUHVWDWRGLDUUHVWRRGLGHWHQ]LRQHSHUYLROD]LRQHGLXQSURYYHGLPHQWRHPHVVRFRQIRUPHPHQWHDOODOHJJHGDXQWULEXQDOHRDOORVFRSRGL JDUDQWLUHO·HVHFX]LRQHGLXQREEOLJRSUHVFULWWRGDOODOHJJH F

(132) VHqVWDWRDUUHVWDWRRGHWHQXWRSHUHVVHUHWUDGRWWRGLQDQ]LDOO·DXWRULWjJLXGL]LDULDFRPSHWHQWHTXDQGRYLVRQRPRWLYLSODXVLELOLGLVRVSHWWDUHFKHHJOLDEELD FRPPHVVRXQUHDWRRYLVRQRPRWLYLIRQGDWLGLULWHQHUHFKHVLDQHFHVVDULRLPSHGLUJOLGLFRPPHWWHUHXQUHDWRRGLGDUVLDOODIXJDGRSRDYHUORFRPPHVVR G

(133) VHVLWUDWWDGHOODGHWHQ]LRQHUHJRODUHGLXQPLQRUHGHFLVDDOORVFRSRGLVRUYHJOLDUHODVXDHGXFD]LRQHRSSXUHGHOODVXDGHWHQ]LRQHUHJRODUHDOILQHGLWUDGXUOR GLQDQ]LDOO·DXWRULWjFRPSHWHQWH H

(134) VHVLWUDWWDGHOODGHWHQ]LRQHUHJRODUHGLXQDSHUVRQDVXVFHWWLELOHGLSURSDJDUHXQDPDODWWLDFRQWDJLRVDGLXQDOLHQDWRGLXQDOFROL]]DWRGLXQWRVVLFRPDQHR GLXQYDJDERQGR I

(135) VHVLWUDWWDGHOO·DUUHVWRRGHOODGHWHQ]LRQHUHJRODULGLXQDSHUVRQDSHULPSHGLUOHGLHQWUDUHLOOHJDOPHQWHQHOWHUULWRULRRSSXUHGLXQDSHUVRQDFRQWURODTXDOHq LQFRUVRXQSURFHGLPHQWRGLHVSXOVLRQHRGLHVWUDGL]LRQHª ,O*RYHUQRFRQWHVWDTXHVWDWHVL $6XOODULFHYLELOLWj 6XOODFRPSDWLELOLWjUDWLRQHPDWHULDHGHOPRWLYRGLULFRUVRFRQOD&RQYHQ]LRQH D

(136) /·HFFH]LRQHGHO*RYHUQR ,O*RYHUQRHFFHSLVFHLQQDQ]LWXWWRO·LQDSSOLFDELOLWjGHOO·DUWLFRORDOFDVRGLVSHFLH(VVRVRVWLHQHFKHOHDXWRULWjLWDOLDQHKDQQRLGHQWLILFDWRLULFRUUHQWL VHFRQGROHQRUPHLWDOLDQHHGHXURSHHSHUWLQHQWLHFLzQRQVDUHEEHFRQWHVWDWRGDLULFRUUHQWL,QVHJXLWRJOLLQWHUHVVDWLVRQRVWDWLDFFROWLQHO&63$FKHQRQ VDUHEEHXQFHQWURGLGHWHQ]LRQHPDXQFHQWURGLSULPRVRFFRUVRHGLDVVLVWHQ]D LQSDUWLFRODUHG·RUGLQHLJLHQLFRVDQLWDULR

(137) SHUWXWWLLPLJUDQWLDUULYDWLLQ,WDOLD QHO/HRUJDQL]]D]LRQLSUHVHQWLDOO·LQWHUQRGHO&63$IRUQLYDQRXQ·DVVLVWHQ]DJLXULGLFDFRPSUHVDTXHOODVXOOHSURFHGXUHGDVHJXLUHSHUSUHVHQWDUHXQD GRPDQGDGLDVLOR,ULFRUUHQWLVRQRVWDWLSRLWUDVIHULWLDERUGRGHOOHQDYL©9LQFHQWªH©$XGDFLDª²FKHGRYHYDQRHVVHUHFRQVLGHUDWHFRPHLO©QDWXUDOH KWWSVZZZJLXVWL]LDLWJLXVWL]LDLWPJBBBZS"IDFHW1RGHB BBB IDFHW1RGHB B 

(138) IDFHW1RGHB B 

(139) IDFHW1RGHB B 

(140) SUHYLVLRXV3DJH PJBB FRQWHQW,G 6'8. .

(141) . 0LQLVWHURGHOOD*LXVWL]LD6HQWHQ]HGHOOD&RUWH(XURSHDGHL'LULWWLGHOO 8RPR. SUROXQJDPHQWRGHO&63$ªGL/DPSHGXVD²DFDXVDGHOO·LQFHQGLRGRORVRFKHDOWULPLJUDQWLDYHYDQRSURYRFDWRDOO·LQWHUQRGHO&63$GXHRWUHJLRUQLGRSRO·DUULYR GHLULFRUUHQWL'RYHQGRIURQWHJJLDUHXQDVLWXD]LRQHGLHPHUJHQ]DXPDQLWDULDHORJLVWLFDOHDXWRULWjLWDOLDQHVRQRVWDWHFRVWUHWWHDWURYDUHQXRYLOXRJKLSHU O·DFFRJOLHQ]DFKHVHFRQGRLO*RYHUQRQRQSRVVRQRHVVHUHFRQVLGHUDWLOXRJKLGLGHWHQ]LRQHRGLDUUHVWR $OODOXFHGLTXDQWRHVSRVWRVRSUDLO*RYHUQRVRVWLHQHFKHLULFRUUHQWLQRQVRQRVWDWLQpDUUHVWDWLQpGHWHQXWLPD©VHPSOLFHPHQWH>VRFFRUVL@LQPDUHH FRQGRWWLDOO·LVRODGL/DPSHGXVDSHUHVVHUHDVVLVWLWLHSHUODORURVLFXUH]]DILVLFDª6SLHJDFKHODOHJJHREEOLJDYDOHDXWRULWjDVDOYDUHHDLGHQWLILFDUHLULFRUUHQWL LTXDOLVLWURYDYDQRQHOOHDFTXHWHUULWRULDOLLWDOLDQHQHOPRPHQWRLQFXLOHORURLPEDUFD]LRQLVRQRVWDWHLQWHUFHWWDWHGDOODJXDUGLDFRVWLHUD'XQTXHVHFRQGRLO *RYHUQROHPLVXUHDGRWWDWHQHLFRQIURQWLGHLULFRUUHQWLQRQFRVWLWXLVFRQRXQDSULYD]LRQHDUELWUDULDGHOODOLEHUWj%HQDOFRQWUDULRDVXRSDUHUHVLWUDWWDYDGL PLVXUHQHFHVVDULHSHUIDUIURQWHDXQDHPHUJHQ]DXPDQLWDULDHSHUPDQWHQHUHXQJLXVWRHTXLOLEULRWUDODVLFXUH]]DGHLPLJUDQWLHTXHOODGHOODSRSROD]LRQHORFDOH E

(142) /DUHSOLFDGHLULFRUUHQWL ¬,ULFRUUHQWLDPPHWWRQRFKHVHFRQGRODOHJJHLWDOLDQDL&63$QRQVRQROXRJKLGLGHWHQ]LRQHPDVWUXWWXUHGLDFFRJOLHQ]D7XWWDYLDHVVLVRVWHQJRQRFKHTXHVWD FLUFRVWDQ]DQRQLPSHGLVFHGLULWHQHUHFKHLQFRQFUHWRHVVLVLDQRVWDWLSULYDWLGHOODORUROLEHUWjDOO·LQWHUQRGHO&63$GL/DPSHGXVDHDERUGRGHOOHQDYL ©9LQFHQWªH©$XGDFLDª$OULJXDUGRRVVHUYDQRFKHqVWDWRORURYLHWDWRGLDOORQWDQDUVLGDTXHVWHVWUXWWXUHFKHHUDQRFRVWDQWHPHQWHVRUYHJOLDWHGDOOHIRU]HGL SROL]LD&LzVDUHEEHVWDWRFRQIHUPDWRGDLUDSSRUWLGHOODVRWWRFRPPLVVLRQHDGKRFGHOO·$3&( SDUDJUDIRVXSUD

(143) HGDOODFRPPLVVLRQHVWUDRUGLQDULDGHO6HQDWR SDUDJUDIRVXSUD

(144) 4XHVW·XOWLPDKDFRQVWDWDWRLWUDWWHQLPHQWLSUROXQJDWLO·LPSRVVLELOLWjGLFRPXQLFDUHFRQO·HVWHUQRHODPDQFDQ]DGLOLEHUWjGLPRYLPHQWR F

(145) 9DOXWD]LRQHGHOOD&RUWH L3ULQFLSLJHQHUDOL /D&RUWHUDPPHQWDFKHODGGRYHLOSDUDJUDIRGHOO·DUWLFRORVDQFLVFHLOGLULWWRDOODOLEHUWjHVVRLQWHQGHODOLEHUWjILVLFDGHOODSHUVRQDSUHILJJHQGRVLGL DVVLFXUDUHFKHQHVVXQRQHVLDSULYDWRDUELWUDULDPHQWH $EGRONKDQLH.DULPQLDF7XUFKLDQ†VHWWHPEUH

(146) 7UDSULYD]LRQHGHOODOLEHUWjH UHVWUL]LRQHGHOODOLEHUWjGLFLUFRODUHFKHREEHGLVFRQRDOO·DUWLFRORGHO3URWRFROORQYLqVROWDQWRXQDGLIIHUHQ]DGLOLYHOORRGLLQWHQVLWjQRQGLQDWXUDRGL VRVWDQ]D/DFROORFD]LRQHQHOO·XQDRQHOO·DOWUDGLTXHVWHFDWHJRULHULVXOWDWDOYROWDDUGXDSHUFKpLQDOFXQLFDVLPDUJLQDOLqXQDSXUDTXHVWLRQHGLYDOXWD]LRQHPD OD&RUWHQRQSXzHOXGHUHXQDVFHOWDGDFXLGLSHQGRQRO·DSSOLFDELOLWjRODLQDSSOLFDELOLWjGHOO·DUWLFRORGHOOD&RQYHQ]LRQH *X]]DUGLF,WDOLDQRYHPEUH ††VHULH$Q

(147) 3HUVDSHUHVHXQDSHUVRQDqVWDWDSULYDWDGHOODOLEHUWjRFFRUUHSDUWLUHGDOODVXDVLWXD]LRQHFRQFUHWDHWHQHUFRQWRGLXQLQVLHPHGL FULWHULVSHFLILFLGHOVXRFDVRSDUWLFRODUHFRPHLOJHQHUHODGXUDWDJOLHIIHWWLHOHPRGDOLWjGLHVHFX]LRQHGHOODPLVXUDFRQVLGHUDWD $PXXUF)UDQFLDJLXJQR †5HFXHLOGHVDUUrWVHWGpFLVLRQV,,,H6WDQHYF%XOJDULD>*&@Q†&('8

(148)  LL$SSOLFD]LRQHGLTXHVWLSULQFLSLDOFDVRGLVSHFLH /D&RUWHQRWDLQQDQ]LWXWWRFKHLO*RYHUQRQRQKDFRQWHVWDWRO·DIIHUPD]LRQHGHLULFRUUHQWL SDUDJUDILHVXSUD

(149) VHFRQGRODTXDOHHUDORURYLHWDWR DOORQWDQDUVLGDO&63$GL/DPSHGXVDHGDOOHQDYL©9LQFHQWªH©$XGDFLDªFKHHUDQRFRVWDQWHPHQWHVRUYHJOLDWHGDOOHIRU]HGLSROL]LD,QROWUHDOSDUDJUDIRGHO VXRUDSSRUWRSXEEOLFDWRLOVHWWHPEUH SDUDJUDIRVXSUD

(150) ODVRWWRFRPPLVVLRQHDGKRFGHOO·$3&(KDFRQVWDWDWRFKH©QRQRVWDQWHOHDXWRULWjDIIHUPLQR FKHL7XQLVLQLQRQVRQRGHLGHWHQXWLLQTXDQWRQRQVRQRQHOOHFHOOH «

(151) OHFRQGL]LRQLDOOHTXDOLHVVLHUDQRVRWWRSRVWL>QHOFHQWURGL&RQWUDGD,PEULDFROD@HUDQR PROWRVLPLOLDOODGHWHQ]LRQHHDOODSULYD]LRQHGHOODOLEHUWjª/DVRWWRFRPPLVVLRQHKDDQFKHLQGLFDWRFKHLPLJUDQWLHUDQR©GHIDFWRLPSULJLRQDWLVHQ]DDFFHVVRD XQJLXGLFHª VLYHGDLOSDUDJUDIRGHOUDSSRUWRVRSUDFLWDWR

(152)  4XDQWRDOODFRPPLVVLRQHVWUDRUGLQDULDGHO6HQDWRTXHVW·XOWLPDKDULVFRQWUDWRXQ©WUDWWHQLPHQWRSUROXQJDWRªXQD©LPSRVVLELOLWjDFRPXQLFDUHFRQ O·HVWHUQRªHXQD©PDQFDQ]DGLOLEHUWjGLPRYLPHQWRªSHULPLJUDQWLDVVHJQDWLDOFHQWURGLDFFRJOLHQ]DGL/DPSHGXVD SDUDJUDIRVXSUD

(153) ,ULFRUUHQWLDJLXVWR WLWRORORVRWWROLQHDQR SDUDJUDIRVXSUD

(154)  /D&RUWHQRWDFKHLO*RYHUQRQRQKDSURGRWWRDOFXQHOHPHQWRFKHODVFLSHQVDUHFKHVDUHEEHVWDWRSRVVLELOHSHULULFRUUHQWLODVFLDUHLO&63$GL&RQWUDGD ,PEULDFROD$OULJXDUGRHVVDRVVHUYDFKHJOLLQWHUHVVDWLKDQQRSUHFLVDWRFKHGRSRO LQFHQGLRGHOVHWWHPEUHHUDQRJLXQWLDHOXGHUHODVRUYHJOLDQ]DGHOOH IRU]HGHOO RUGLQHHDUDJJLXQJHUHLOSDHVHGL/DPSHGXVD7XWWDYLDHVVLVDUHEEHURVWDWLIHUPDWLGDOODSROL]LDHULFRQGRWWLQHOFHQWURGLDFFRJOLHQ]D SDUDJUDIR VXSUD

(155) ,O*RYHUQRQRQKDVPHQWLWRTXHVWRYHUVLRQHGHLIDWWLGDQGRDSHQVDUHFKHLULFRUUHQWLIRVVHURWUDWWHQXWLQHO&63$FRQWURODORURYRORQWj VLYHGDPXWDWLV PXWDQGLV6WDQHYVRSUDFLWDWD†

Riferimenti

Documenti correlati

lista il soggetto ha fatto parte, con l'apposizione della formula «sul mio onore affermo che la 33/2013 dichiarazione corrisponde al vero» con allegate copie delle

Si attesta che la presente deliberazione è posta in pubblicazione all’Albo Pretorio on line di Roma Capitale dal 3 dicembre 2021 e vi rimarrà per quindici giorni consecutivi fino al

Descrizione della attività di verifica effettuata nell'ambito del test di conformità Commenti e riferimenti alla documentazione esaminata Valutazione singolo punto di

1 bis. I benefici di cui al comma 1 possono essere concessi ai detenuti o internati per uno dei delitti ivi previsti, purché siano stati acquisiti elementi tali da escludere

Perciò, all’epoca in cui il ricorrente ha commesso i fatti a lui ascritti (1978-1988) la giurisprudenza interna in materia non era in alcun modo contraddittoria. Tale giurisprudenza

VHODOXFHq FRQVLGHUDWDFRPHXQ RQGDFODVVLFDJOLHOHWWURQLGRYUHEEHURDVVRUELUHHQHUJLDLQ PRGRFRQWLQXRHSHURJQLYDORUHGHOO LQWHQVLWj OXPLQRVDª GRYUHEEHHVVHUHVRORTXHVWLRQHGL

2 Questo ci porta al secondo punto: la persona che viene fatta partecipare a questa esibizione di 'metafisica sperimentale' è XQR VFKLDYR: ciò significa non solo che per Platone

È importante mettere in discussione i propri pregiudizi ed assunzioni, che siano esse basate sulla percezione di un solo bambino, un gruppo con la stessa età, genere o etnia.