• Aucun résultat trouvé

Les métiers du cirque, de Rome à Byzance : entre texte et image

N/A
N/A
Protected

Academic year: 2021

Partager "Les métiers du cirque, de Rome à Byzance : entre texte et image"

Copied!
47
0
0

Texte intégral

(1)Les métiers du cirque, de Rome à Byzance : entre texte et image Jocelyne Nelis-Clément. To cite this version: Jocelyne Nelis-Clément. Les métiers du cirque, de Rome à Byzance : entre texte et image. Cahiers du Centre Gustave Glotz, De Boccard, 2002, 13 (1), pp.265-309. �10.3406/ccgg.2002.1569�. �halshs02795123�. HAL Id: halshs-02795123 https://halshs.archives-ouvertes.fr/halshs-02795123 Submitted on 5 Jun 2020. HAL is a multi-disciplinary open access archive for the deposit and dissemination of scientific research documents, whether they are published or not. The documents may come from teaching and research institutions in France or abroad, or from public or private research centers.. L’archive ouverte pluridisciplinaire HAL, est destinée au dépôt et à la diffusion de documents scientifiques de niveau recherche, publiés ou non, émanant des établissements d’enseignement et de recherche français ou étrangers, des laboratoires publics ou privés..

(2) Madame Jocelyne NelisClément. /HVPpWLHUVGXFLUTXHGH5RPHj%\]DQFHHQWUHWH[WHHW LPDJH ,Q&DKLHUVGX&HQWUH*XVWDYH*ORW]SS. &LWHUFHGRFXPHQW&LWHWKLVGRFXPHQW 1HOLV&OpPHQW-RFHO\QH/HVPpWLHUVGXFLUTXHGH5RPHj%\]DQFHHQWUHWH[WHHWLPDJH,Q&DKLHUVGX&HQWUH*XVWDYH *ORW]SS doi : 10.3406/ccgg.2002.1569 http://www.persee.fr/web/revues/home/prescript/article/ccgg_1016-9008_2002_num_13_1_1569.

(3) -2&(/<1( 1H/,6&/‹0(17 /(60‹7,(56'8&,548('(520(‚%<=$1&( (175(7(;7((7,0$*(. /HV MHX[ GH FLUTXH RX OXGL FLUFHQVHV V LQVFULYHQW GDQV OH F«U«PRQLDO GX WULRPSKH HW GH OD YLFWRLUH GH 5RPHGHSXLV OHXUV SUHPLªUHV PDQLIHVWDWLRQV TXL UHPRQWHQW VHORQ OD WUDGLWLRQ DX9OªPH V DY -& MXVTXH GDQV OD &RQVWDQWLQRSOH GX;ªPHVR»HVW F«O«EU«HDYHFOD PLVHHQ SODFHG XQULWXHO VRSKLVWLTX« OD YLFWRLUH SHUS«WXHOOH GH O HPSHUHXU &HV VSHFWDFOHV GRQW OHV FRXUVHV GH FKDUFRQVWLWXHQWOHV«SUHXYHVOHVSOXV F«OªEUHV HWOHVSOXV DWWHQGXHV GXSXEOLFVHGLVWLQJXHQWGHV FRPEDWVGH JODGLDWHXUVRXPXQHUDTXLUHPRQWHQW SRXU OHXU SDUW DX[MHX[IXQ«UDLUHV RUJDQLV«V HQ  DY-& VXU OH )RUXP %RDULXPSDUODIDPLOOH G XQDULVWRFUDWHURPDLQ0,XQLXV%UXWXV3HUD SDUOD VXLWHLOVVHG«URXOHQWSULQFLSDOHPHQWGDQVOHVDPSKLWK«¤WUHVOHSOXV F«OªEUHOH &ROLV«H «WDQW FRQVWUXLW HQ DSU-& JU¤FHDXEXWLQ GH JXHUUH DPDVV« DX FRXUV GH ODFDPSDJQH GH9HVSDVLHQ HWGH7LWXV HQ-XG«H,OQ \ DSDVOLHX GH UHYHQLULFLVXUODTXHVWLRQGHVRULJLQHVJUHFTXHV RX«WUXVTXHV RXJUHFTXHV HW «WUXVTXHV "

(4) GHVMHX[GHFLUTXHXQVXMHWG«EDWWXGªVO $QWLTXLW«HWTXLQ DSDV ODLVV«LQGLII«UHQWVOHVVS«FLDOLVWHVGHODTXHVWLRQ,OFRQYLHQWQ«DQPRLQVGHVRX OLJQHU O LPSRUWDQFH GHV LQIOXHQFHV «WUXVTXHV VXU FHVMHX[ URPDLQVG«VRUPDLV PLHX[FRQQXHVJU¤FHDX[WUDYDX[ U«FHQWVGHVVS«FLDOLVWHVHWHQSDUWLFXOLHUDX[ UHFKHUFKHV GH-37KXLOOLHU 2QUDSSHOOHUD HQ RXWUHTX ¢5RPHFHVRQW OHV FRFKHUV TXLVRQWSURFODP«VYDLQTXHXUVDORUVTXHGDQVOHV FRXUVHV GHFKDU GH W\SHJUHFODYLFWRLUHHVWDFFRUG«H DX[SURSUL«WDLUHVGHVFKHYDX[6HORQOH U«FLW GH7LWH/LYH TXLIDLWUHPRQWHUOHVMHX[GX FLUTXH DX[IHVWLYLW«V GHV SUHPLHUV URLVF«O«EUDQWODYLFWRLUHGH 5RPHVXUOHV/DWLQVOHVMHX[GH7DUTXLQO $QFLHQ  6XUOHV GLYHUV W\SHV HWOLHX[GH VSHFWDFOHV ¢5RPH  .&ROHPDQm (QWHUWDLQLQJ5RPH } GDQV / &RXOVWRQHW +'RGJH«G$QFLHQW 5RPH7KH$UFKDHRORJ\ RIWKH (WHUQDO &LW\2[IRUG  S SDUW S   VXU OHV VSHFWDFOHV GH JODGLDWHXUV HQ GHUQLHU OLHX  . &ROHPDQm (XHUJHWLVPLQLWVSODFH:KHUHZDVWKHDPSKLWKHDWUHLQ$XJXVWDQ5RPH"}GDQV. /RPDVHW7 &RUQHOO«G %UHDG DQG &LUFXVHV (XHUJHWLVP DQG PXQLFLSDOSDWURQDJH LQ 5RPDQ ,WDO\ /RQGUHV1HZ<RUN S HW (DG (QWHUWDLQLQJ 5RPH S &H WUDYDLO VXU OHV P«WLHUVGX FLUTXH IDLWSDUWLH GHVUHFKHUFKHV TXHMHPªQH HQ FROODERUDWLRQDYHF PHVFROOªJXHV G $XVRQLXV %RUGHDX[

(5) GDQV OHFDGUH G XQSURMHW FROOHFWLI GX FHQWUH $XVRQLXV VXU OH &LUFXV 0D[LPXV-H WLHQV GRQF¢UHPHUFLHUSRXUOHXUV FRPPHQWDLUHV HWLQIRUPDWLRQV &'HOHYRLH& (VSLQR]D) )DXTXHW-&*ROYLQ*0DUFKHW-05RGGD] HW 59HUJQLHX[- DVVRFLH¢ FHV UHPHUFLHPHQWV % 0F*LQJ, 0RUDQG'1HOLV-37KXLOOLHU HW WRXW SDUWLFXOLªUHPHQW 3 /H 5RX[TXLP DLQYLW«HHQ TXDOLW«GHSU«VLGHQWGH ODVRFL«W«¢SU«VHQWHUFHVUHFKHUFKHV GHYDQWOD 6)(5HQMXLQVDQVRXEOLHUOHV GHX[OHFWHXUVDQRQ\PHV GX FRPLW«GH OHFWXUH GHV&DKLHUV *ORW] M DLSX SURILWHUGHOHXUVUHPDUTXHVFULWLTXHVHWVXJJHVWLRQV(QILQVHORQODIRUPXOH FRQV DFU«H MHVXLVELHQV½UVHXOH UHVSRQVDEOH GHVHUUHXUV TXHFH WUDYDLO SRXUUDLWFRPSRUWHU &DKLHUV *ORW];,,,S .

(6) . -RFHO\QH1HOLV&O«PHQW. SULUHQW SODFH VXU O HPSODFHPHQW G XQ FLUTXH TXL QXQF 0D[LPXV GLFLWXU R» HXUHQWOLHX GHVWUDYDX[G DP«QDJHPHQW  OHVV«QDWHXUV HWPHPEUHVGHO RUGUH «TXHVWUHV \ILUHQWDVVLJQHUGHV HVSDFHV ORFD GLXLVD

(7)  HW FRQVWUXLUHGHVORJHV SDU WLFXOLªUHV DSSHO«HVIRUW HW7DUTXLQILW«ULJHUGHVSRUWLTXHVHWGHVERXWLTXHV SRU WLFXV WDEHUQDHTX«

(8) SRXUGHVSDUWLFXOLHUVVXUOHSRXUWRXUGXIRUXP& HVWGDQVFH FRQWH[WH TX DSSDUD°WODSUHPLªUH DOOXVLRQ ¢ GHV SURIHVVLRQQHOV HPSOR\«V GDQV OHVMHX[GX FLUTXH  ¢FHVMHX[MXJ«V SOXV VRPSWXHX[HWPLHX[RUJDQLV«VTXH FHX[GH VHVSU«G«FHVVHXUV LH OHVMHX[VROHQQHOVRX&RQVXDOLDGH5RPXOXVDX FRXUV GHVTXHOVHXWOLHXOH UDSW GHV 6DELQHV

(9)  SDUWLFLSªUHQWVHORQ7LWH/LYHGHV FKHYDX[ DYHFGHVFRFKHUVRXGHV FDYDOLHUV

(10)  HWGHVER[HXUVSUHVTXHWRXVYHQXV G (WUXULH OXGLFUXPIXLW HTXL SXJLOHVTXH H[ (WUXULD PD[LPH DHULWL

(11)  ‹YRTXDQW DLOOHXUV OH SURJUDPPH GHVMHX[ GH FLUTXH O KLVWRULHQ VLJQDOH O H[LVWHQFH GH GLYHUVW\SHV GH FRXUVHVKLSSLTXHVSU«FLVDQWTX HQDY-&DYDQW TXHO RQ DLW SULV O KDELWXGH GH UHPSOLU OH FLUTXH G DQLPDX[ H[RWLTXHV RQ VRQJHD ¢ GLYHUVLILHUOH JHQUH GH VSHFWDFOHV  m XQH IRLV GRQQ«HQ HIIHW OH G«SDUW G XQH FRXUVH GH TXDGULJHVSXLV G XQHVHXOH FRXUVH GH GHVXOWRUHVOD GXU«H GHV GHX[ FRXUVHVV «WHQGDLW¢SHLQHVXUXQHKHXUHGHWHPSV}&HVRQWSU«FLV«PHQWFHV GHX[W\SHVG DFWHXUVOHTXDGULJDULXV HWOH GHVXOWRUOH FRQGXFWHXUGHTXDGULJHHW OH FDYDOLHUYROWLJHXUTXLVHFKDUJHQW VHORQ9DUURQ GHV«OHFWLRQQHUOHV FKHYDX[ GHVWLQ«V DX[FRXUVHV HW«SUHXYHVKLSSLTXHVGX FLUTXH'ªVO «SRTXHU«SXEOL FDLQH RQYRLW GRQFGHV FRFKHUVGHV GHVXOWRUHV DLQVLTXH GHVSXJLOHVSDUWLFLSHU ¢WLWUH GHSURIHVVLRQQHOVDXSURJUDPPH GHV OXGLFLUFHQVHV $ORUV TXHYHUVOH ,9ªPHVDY-&O «WDW «WDEOLWGHV FRQWUDWV DYHF GHV «OH YHXUV FKDUJ«V G DVVXUHU OD OLYUDLVRQ GHV HTXL FXUXOHV GHVWLQ«V DX[ FRXUVHV GH FKDUGªVOH SULQFLSDWRXSHXW¬WUH G«M¢¢ODILQ GHODS«ULRGHU«SXEOLFDLQHFH VRQW GHV HQWUHSULVHV SULY«HV RXIDFWLRQV TXLORXHQW HW SURFXUHQW¢ <HGLWRURX RUJDQLVDWHXUGHV VSHFWDFOHVOHSHUVRQQHOOHVFKHYDX[HWOHPDW«ULHOQ«FHVVDLUHV DXERQG«URXOHPHQWGHVMHX[/ HQVHPEOH GHVDFWHXUV HWGXSHUVRQQHOLPSOL  7LWH/LYH   YRLUDXVVL9DOªUH0D[LPHDLQVL TXH-37KXLOOLHU m / RULJLQH GX FLUTXH} GDQV &KU /DQGHV «G /HFLUTXHHW OHV FRXUVHV GH FKDU5RPH%\]DQFH FDWDORJXHGH O H[SRVLWLRQ

(12) /DWWHV S ,G/HVSRUW GDQVOD5RPHDQWLTXH3DULV S  ( 5DZVRQm &KDULRW5DFLQJLQ WKH 5RPDQ 5HSXEOLF } 3%65 S  UHSU GDQV 5RPDQ &XOWXUH DQG 6RFLHW\ 2[IRUG S 

(13) (QJ«Q«UDO VXUO KLVWRULTXHGHV FRXUVHV GDQV O $QWLTXLW« 92OLYRY¤m &KDULRW5DFLQJLQWKH DQFLHQW:RUOG }1LNHSKRURVS   VXUOHV &RQVXDOLDOHVMHX[GHV7DUTXLQV HWOHVMHX[«WUXVTXHV  )%HUQVWHLQ/XGLSXEOLD 8QWHUVXFKXQJHQ ]XU (QWVWHKXQJ XQG (QWZLFNOXQJ GHU TIIHQWOLFKHQ 6SLHOH LP UHSXEOLNDQLVFKHQ 5RP +LVWRULD(LQ]HOVFKULIWHQ 

(14)  6WXWWJDUW SDUWS  VXUOHFLUTXH HQ J«Q«UDO  - + +XPSKUH\5RPDQ &LUHXVHV$UHQDVIRU &KDULRW 5DFLQJ/RQGUHV  HQSDUWS  HWS  VXUO DXWHOHWOH FXOWH GH &RQVXVGDQVOH&LUFXV0D[LPXV

(15)   7LWH/LYH  PRV HUDW WXUQ QRQGXP KRFHIIXVLRQH LQGXFWDEHVWLLV RPQLXPJHQWLXP FLUFXP FRPSOHQGL XDULD VSHFWDFXOD FRQTXLUHUHJHQHUD  QDP VHPHO TXDGULJLV VHPHO GHVXOWRUH PLVVR XL[ XQLXV KRUDH WHPSXV XWUXPTXHFXUULFXOXP FRPSOHEDWHW  DYHF-37KXLOOLHU 6SRUWFLWVXSUD Q S  9DUURQ$JULFXOWXUH  YRLUDXVVLLQIUD Q   6XUOHVIDFWLRQV  ('H5XJJLHUR'L]LRQDULRHSLJUDILFRGL DQWLFKLW¢ URPDQH 5RPH  X*0DULFTm )DFWLRQVGX FLUTXH HWSDUWLVSRSXODLUHV}$FDG«PLHUR\DOH GH%HOJLTXH %XOOHWLQGH OD FODVVH GHV OHWWUHV HW GHV VFLHQFHV PRUDOHV HWSROLWLTXHV   S SDUW   $ &DPHURQ&LUFXV )DFWLRQV %OXHV DQG *UHHQV DW5RPH DQG %\]DQWLXP 2[IRUG S   3.

(16) /HVP«WLHUVGXFLUTXHGH5RPH¢%\]DQFH. . TXHGDQVOHV FRXUVHV GXFLUTXH V DSSXLHVXUO H[LVWHQFHGHV IDFWLRQVXQWHUPH G«VLJQDQWOHVFRXOHXUVHWOHV«FXULHV QRPP«HVG DSUªV FKDFXQHG HOOHV HWQRQ SDVOHV FOXEV GH SDUWLVDQV

(17)   ODIDFWLR XHQHWDOD EOHXHSUDVLQDOD YHUWH DOEDWDOD EODQFKH UXVVDWD OD URXJH VDQV RXEOLHU ;DXUDWD OD GRU«H HW OD SXUSXUHD OD SRXUSUHGHX[IDFWLRQV GRQWO H[LVWHQFH V HVW OLPLW«H DXUªJQH GH 'RPLWLHQ &HV «FXULHV VRQW GLULJ«HVSDU XQSURSUL«WDLUHOH GRPLQXVIDFWLRQLVXQ KRPPH G DIIDLUHV KDELWXHOOHPHQW GH VWDWXW «TXHVWUH GX PRLQV ¢ O «SRTXH GH 3OLQH O $QFLHQTXLQ«JRFLHVHVVHUYLFHV HWVHV SUL[DYHF <HGLWRU DSSDUDLVVHQW  /DSOXSDUWGHVP«WLHUVGXFLUTXHTXLQRXVVRQWFRQQXV GDQVGHV W«PRLJQDJHV «SLJUDSKLTXHV/DOLVWH ODSOXV FRPSOªWH ILJXUH VXUXQH LQVFULS WLRQ GH 5RPHG «SRTXHDXJXVW«HQQHTXLOLYUH ¢HOOHVHXOH GRX]HWLWUHVSDUPL OHVTXHOV RQ WURXYH DXVVL ELHQ OHV FRFKHUV TXHOH SHUVRQQHO GH SLVWH OHVUH VSRQVDEOHV GHV FKHYDX[ RXOHV DUWLVDQV FKDUJ«V GH V RFFXSHUGX PDW«ULHOWRXV UDWWDFK«V¢XQHIDFWLRQGRQWOHQRPSDQQXVFKHOLGRQXVVHPEOHG«VLJQHUOD FRX OHXU URXJH/ LQVFULSWLRQ HQ TXHVWLRQSURYLHQW GX FROXPEDULXP FRQWHQDQW OHV XUQHVGHV G«IXQWVGHKIDPLOLDDXDGULJDULD GH7$WHLXV&DSLWRSHXW¬WUH LGHQW LILDEOH DYHF OH FRQVXOGH  DSU-&FRQQXFRPPH FXUDWRUDTXDUXP GH  ¢ RXDYHFO XQGHVHV SDUHQWV$ F¶W«GHVQRPV G XQTXHVWHXUHWGHSOXVLHXUV G«FXULRQVGXFROOªJHIXQ«UDLUHGHFHWWHIDPLOLDILJXUHQWXQHYLQJWDLQHGHQRPV 9H\QH/HSDLQ HWOHFLUTXH VRFLRORJLHG XQSOXUDOLVPHSROLWLTXH3DULVSDUWSQ-+ +XPSKUH\&LUFXVFLWVXSUDQ SDVVLP @@$XEHUW%XVLQHVV0DQDJHUVLQ$QFLHQW5DPH$6RFLDO DQG (FRQRPLH 6WXG\ RI ,QVWLWRUHV  %& $ *  &ROXPELD 6WXGLHV LQ WKH &ODVVLFDO 7UDGLWLRQ 

(18) /H\GH1HZ<RUN&RORJQH S )DFWLR V HPSORLH DXVVL SRXU OHV WURXSHV GH WK«¤WUH  IDFWLRQHV KLVWULRQXP HW TXDGULJDULRUXP GLFXQWXU  )HVWXV S 0 /

(19)   $ &DPHURQ&LUFXV )DFWLRQVFLWVXSUD QSDUWS   OHV WHUPHVSDQQXV -XY«QDO     &,/9,,/6  &-/9,,/6  &/9,,/6

(20) RX SDUIRLVJUH[ &,/9, $( 

(21) SHXYHQW DXVVLV HPSOR\HUGDQV OHVHQV GHIDFWLR  6X«WRQH'RPLWLHQ   GXDV FLUFHQVLEXVJUHJXPIDFWLRQHVDXUDWLSXUSXUHLTXHSDQQL DGTXDWWXRU SULVWLQDV DGGLGLW  IDFWLRQSRXUSUH  &/9,  ,/6  3OLQH +LVW 1DW  DYHF $ &DPHURQ &LUFXV )DFWLRQV FLWVXSUD Q  S   VRXV $XJXVWH YHUV DY-&

(22) OHV V«QDWHXUVRQW OHGURLW GH V RFFXSHUGH O «OHYDJHGHV FKHYDX[  'LRQ &DVVLXV    6XUOHILQDQFHPHQW GHV FRXUVHV  -37KXLOOLHUm / RUJDQLVDWLRQHW OH ILQDQFHPHQW GHV OXGLFLUFHQVHVDX G«EXWGHOD 5«SXEOLTXH PRGªOHJUHF RXPRGªOH«WUXVTXH"} GDQV &ULVHVHWWUDQVIRUPDWLRQVGHVVRFL«W«VDUFKD±VDQWHVGHO ,WDOLHDQWLTXHDX 9HV DY-&()55RPH STXLUHMHWWHOD WKªVH GH(5DZVRQm &KDULRWUDFLQJ} FLW VXSUD QSDUWS VHORQODTXHOOHDX G«EXW GH O «SRTXHU«SXEOLFDLQHOHV FKDUV VHUDLHQW OD SURSUL«W« GH ULFKHV FLWR\HQV FRPPHHQ*UªFH  &/9, ,/6  *0DULFTm )DFWLRQV}FLW VXSUDQ SDUWSQ  (5DZVRQm &KDULRWUDFLQJ} FLW VXSUDQSQFRQVLGªUHDYHF)ULHGODQGHUTX LOV DJL W GHKIDPLOLDGH7$W HLXV

(23) &DSLWRHWGH 3 $QQLXV &KHOLGRQXVSOXW¶WTXHGH OLUHSDQQLFKHOL GRQLFRPPHOHV «GGX &,/HQVRXOLJQDQWWRXWGHP¬PHTXHGDQVFH FDVLOV DJLUDLWGX URXJH UHQYR\DQW¢ 3OLQH+LVW1DW  *)DEUH HW-05RGGD]m 5HFKHUFKHVXUKIDPLOLD GH 0$JULSSD }$WKHQDHXP S SDUW S FRQVHUYHQWOD OHFWXUH GX &,/ SURSRVDQW FRPPH SDUDOOªOH &/9,  IDFWLRQ EOHXH

(24)  TX LOV U«KDELOLWHQW DYHF &L/9,    YRLUDXVVL*+RUVPDQQ'LH:DJHQOHQNHUGHUU¶PLVFKHQ .DLVHU]HLW8QWHUVXFKXQJHQ ]XLKUHU VR]LDOHQ 6WHOOXQJ )RUVFKXQJHQ]XU DQWLNHQ6NODYHUHL 

(25) 6WXWWJDUW  SHW S HW --$XEHUW%XVLQHVV0DQDJHUV FLW VXSUD Q S   ;RUGLQDQRGH FHWWH LQVFULSWLRQ SRVH SOXVLHXUV TXHVWLRQVGLVFXW«HV SDU * 0DULFT  SRXUG DXWUHV LQVFULSWLRQV DYHF PHQWLRQG XQH RFFXSDWLRQLVVXHV GH FROXPEDULD  65-RVKHO:RUN,GHQWLW\DQG/HJDO6WDWXVDW5RPH$6WXG\RI WKH 2FFXSDWLRQDO,QVFULSWLRQV/RQGUHV SHWS .

(26) . -2&(/<1(1(/,6&O‹0(17. G HVFODYHV SRXUOHVTXHOV¢ OD GLII«UHQFH GHV SUHPLHUVXQH RFFXSDWLRQ RX XQ P«WLHUHVWWRXMRXUVVS«FLIL«9XOHW\SHGHGRFXPHQWLOYDGHVRLTXHFHWWHOLVWH QH FRQWLHQW SDV O HQVHPEOHGHV QRPV HW GHV P«WLHUV GX SHUVRQQHOGH OD IDF WLRQ PDLV XQLTXHPHQW FHOOH GHV PHPEUHV G«F«G«V GH FHWWHIDPLOLD  HOOH QH OLYUH GRQF DXFXQHLQGLFDWLRQ G RUGUH QXP«ULTXH VXU OD FRPSRVLWLRQG XQH IDFWLRQ 1RXVUHYLHQGURQVSOXV ORLQ VXUOHV GLII«UHQWVWLWUHV GH P«WLHUV FRQWH QXV GDQV FHW LPSRUWDQWGRFXPHQW  FRQWHQWRQVQRXVSRXUO LQVWDQW GH VRXOL JQHUTXHVXUOHV RXSHUVRQQHVPHQWLRQQ«HVGDQVFHWWHOLVWHVHXOVOHVFLQT G«FXULRQVSRUWHQWOHV WULD QRPLQD GRQW TXDWUH VHPEOHQW ELHQ ¬WUH GHV DIIUDQ FKLV G $JULSSDVL O RQHQ FURLWOHXUSU«QRPHWJHQWLOLFH  09LSVDQLXV0LJLR 09LSVDQLXV &DODPXV09LSVDQLXV'DUHXV HW 09LSVDQLXV)DXVWXV/HVYLQJW HVFODYHVVRQWVDQVGRXWHHX[DXVVLGHVPHPEUHVGHODIDPLOLDG $JULSSDFRPPH OHXUV FROOªJXHV GRQW OHV QRPV ILJXUHQW VXU GHX[ DXWUHV LQVFULSWLRQV FRPSDU DEOHV¢ FHOOHFL«JDOHPHQW JUDY«HV VXU GHV SODTXHV GH FROXPEDULXP HW PHQW LRQQDQW XQ FHUWDLQ QRPEUH GH P«WLHUV GX FLUTXH  G DERUG FRQVLG«U«HV FRPPHIDXVVHVSDU OHV «GLWHXUV GX &,/ FRQWUH O DYLV GH 0RPPVHQFHV LQV FULSWLRQV TXLSURYLHQQHQWGH5RPHP¬PHVLHOOHVVRQW FRQVHUY«HV¢ 1DSOHV VRQW DXMRXUG KXL U«KDELOLW«HV'DQV FHV OLVWHV¢ OD GLII«UHQFH GH FH TXHO RQ YLHQW GHYRLUWRXV OHVG«IXQWVSRUWHQWOHV WULD QRPLQD FHVRQWGHV OLEHUWLIDFWLR QLV

(27)  VXLYLV G XQWLWUHRXP«WLHU GXFLUTXH¢O H[FHSWLRQGH9LSVDQLD)ORUDOD GHGLFDQWH GH O XQH GHV LQVFULSWLRQV /H U¶OH LQFRQWHVWDEOHMRX«SDU$JULSSD GDQV O RUJDQLVDWLRQ GHV VSHFWDFOHV ¢ 5RPHHW HQSDUWLFXOLHU GDQV OHVMHX[GX &LUFXV0D[LPXVSHXWH[SOLTXHUODSU«VHQFH GH VDIDPLOLD GDQV FHFRQWH[WHHW FHOD P¬PHDSUªV VD PRUW 6HORQ O KDELWXGH URPDLQHOHV KRPPHVSROLWLTXHV HPSORLHQW OHXUSURSUHIDPLOLDSRXUOHVDVVLVWHU GDQV OHXUVIRQFWLRQVSXEOLTXHV HW PHWWHQW U«JXOLªUHPHQW OHXUV SURSUH SHUVRQQHO DX VHUYLFH GH O «WDW 3DUDOOªOHPHQWDX[LQVFULSWLRQVOHVSDS\UXVHWRVWUDFDDSSRUWHQWDXVVLXQ FHUWDLQ QRPEUHGHW«PRLJQDJHVVXUOHVP«WLHUVGXFLUTXHRIIUDQWXQLQW«UHVVDQWFRP SO«PHQW G LQIRUPDWLRQ GDQV ODPHVXUH R»FHV P«WLHUVVRQW YXV VRXV XQDQJOH GLII«UHQW  U«GLJ«V HQ JUHFHQWUHOH ,OOªPHHWOH9,ªPHVDSU-&FHV GRFX PHQWV SURYLHQQHQW G (J\SWHXQHSURYLQFH UHVW«HIRUWHPHQW PDUTX«HSDUOHV LQIOXHQFHVJUHFTXHV& HVWHQHIIHW VHXOHPHQWYHUVOH ,9ªPHVDSU-&TXHOH V\VWªPHURPDLQHWO RUJDQLVDWLRQGHV IDFWLRQVV \ LQVWDOOHQWSHX¢SHXFRPPH SDUWRXW GDQV OD SDUWLH RULHQWDOH GH O HPSLUH PHWWDQWILQ DX[FRXUVHV GH FKDU GH VW\OH JUHF& HVW DXVVL ¢ FHWWH «SRTXH TXH OHV HPSHUHXUV GH SOXV HQ SOXV LPSOLTX«V GDQV O RUJDQLVDWLRQ GHV JUDQGVMHX[ HW GHV VSHFWDFOHV WULRPSKDX[ GDQVODFDSLWDOHVXLYDQWO H[HPSOHG $XJXVWHLPSRVHQWG«VRUPDLVOHXUDXWRUL  * )DEUH HW-0 5RGGD]m 5HFKHUFKH } FLW VXSUD Q ¢ SURSRV GH &,/9, HW    OHWLWUH GDXULJDWRUDSSDUD°W GDQV ODVHFRQGHLQVFULSWLRQTXLFRPSWHTXDWUH DXWUHVSHU VRQQHV UDWWDFK«HV¢ODIDFWLRQEOHXH  XQWHQWRUXQVXFFRQGLWRUOHP«GLDWVTXLIDLWODG«GLFDFHDLQVL TX XQ XLDWRU09LSVDQLXV0LJLRGRQW OHQRPILJXUH«JDOHPHQWGDQVO DXWUH IDFWLRQPDLV VDQV WLWUH DORUV TXHOHXLDWRU GH FHWWH P¬PHIDFWLRQ HVW DQRQ\PH /DSUHPLªUH OLVWH PHQWLRQQHXQ DJLWDWRUXQ VXWRUHWOHV GHX[DUWLVDQV TXLYLHQQHQWG ¬WUH FLW«V  &/9,  ,/6  /$YLOLXV*DODWDXQDIIUDQFKL GHOD IDFWLRQURXJH LVVX GHOD IDPLOLDGHV$YLOOLLYRLU&L/9,,/6

(28) HVWPDUL«¢XQHDIIUDQFKLH,XOLD$PSOLDWDHOOH P¬PHODSDWURQDGX G«GLFDQW&,XOLXV3ULPXV.

(29) /HVP«WLHUVGXFLUTXHGH5RPH¢%\]DQFH. . W« VXUOHVMHX[HWVXUOH FRPPHUFHGHV FKHYDX[(QILQO «WXGH GHV P«WLHUV HW GXSHUVRQQHO LPSOLTX«GDQV OHV VSHFWDFOHV GX FLUTXH GRLWEHDXFRXS DX/LYUH GHV &«U«PRQLHVXQRXYUDJH U«GLJ« HQJUHFYHUVOH ;ªPHVDSU-&TXLVH U«YªOH SDUWLFXOLªUHPHQW ULFKH G LQIRUPDWLRQV VXUOH SHUVRQQHO LPSOLTX« GDQV O RUJDQLVDWLRQGHV FRXUVHV GHFLUTXH GH&RQVWDQWLQRSOH¢O «SRTXHE\]DQWLQH HWVXUOHVQRPEUHX[ IRQFWLRQQDLUHV GHO KLSSURGURPH JUDYLWDQW GDQV O HQWRX UDJH GHO HPSHUHXU/ HQJRXHPHQWH[HUF«SDUOHVMHX[GX FLUTXH VXUWRXWHV OHV FODVVHV GHOD VRFL«W«¢5RPHHWGDQV OHVSURYLQFHVV REVHUYH ¢WUDYHUVXQH PXOWLWXGHGH GRFXPHQWVVDQV FRPSWHUELHQV½UOHV «GLILFHVPRQXPHQWDX[ /DFRQIURQWDWLRQ GHO HQVHPEOHGHV VRXUFHV WH[WXHOOHV G «SRTXHU«SXEOLFDLQH LPS«ULDOH HWE\]DQWLQHDYHFOHVQRPEUHX[W«PRLJQDJHVLFRQRJUDSKLTXHV «YR TXDQW OHVMHX[GX FLUTXHSHUPHW GHPHWWUH HQUHOLHIOHV DVSHFWV U«Y«ODWHXUV GH OD FRQWLQXLW« G XQV\VWªPHWRXW HQ VRXOLJQDQWFHUWDLQV «O«PHQWV GH VRQ «YR OXWLRQ 'DQVOH FDGUH GH FHWWH «WXGHMHPH SURSRVHHQ VXLYDQW OD GHVFULSWLRQ GH 'HQ\V G +DOLFDUQDVVH G «YRTXHU GDQV XQ SUHPLHU WHPSV O HQVHPEOH GHV DFWHXUVTXLV H[KLEHQWVXUODSLVWH GX FLUTXHRXPLQLVWUL GUFHQVLXPHQSDUWDQW GX G«ILO« RXSRPSD GUFHQVLVSXLV SHQGDQWOHV FRXUVHV GH FKDUSRXUOHVTXHOOHV O «GLILFHD «W« VS«FLDOHPHQW FRQ©X MHWHQWHUDL HQVXLWH GHSDVVHU HQ UHYXH OHV PHPEUHV GX SHUVRQQHO ĕXYUDQW GDQV OHV FRXOLVVHV GX FLUTXHDLQVL TXH FHX[ TXLSDUWLFLSHQW¢ O RUJDQLVDWLRQ HW DX[SU«SDUDWLIV GH FHV «SUHXYHV-H P DUU¬W HUDL HQILQ VXUOHV DFWHXUV GHV DXWUHV W\SHV GH VSHFWDFOHV «JDOHPHQW RUJDQLV«V GDQVOH FLUTXHHWMHWHUPLQHUDLHQPHQWLRQQDQWEULªYHPHQWFHX[TXLWURXYHQW OHXU VXEVLVWDQFH RX H[HUFHQW OHXU P«WLHU HQ ERUGXUH GX FLUTXH JUDYLWDQW  6XU OHV LQVWLWXWLRQV GH O KLSSRGURPH  - *DVFRXm /HVLQVWLWXWLRQV GH O KLSSRGURPH HQ (J\SWHE\]DQWLQH } %,)$2 S HW *'DJURQ/ RUJDQLVDWLRQ HW OH G«URXOHPHQW GHVFRXUVHVG DSUªV OH/LYUHGHV &«U«PRQLHV 7UDYDX[HW0«PRLUHV

(30) 3DULVSDUWS  8QHJUDQGHSDUWLHGH FHPDW«ULHOD«W«UDVVHPEO«GDQVO RXYUDJHGH-++XPSKUH\&LUFXV FLWVXSUDQ SDVVLPDLQVL TXHGDQVOHFDWDORJXHGH &KU/DQGHVFLW VXSUDQ &LUTXH  &DVVLRGRUH9DULDH‚FHMRXUGHSXLV O «WXGHGH /)ULHGO¤QGHU'DUVWHOOXQJHQ DXVGHU 6LWWHQJHVFKLFKWH5RPV LQ GHU=HLWYRQ$XJXVWXVELV ]XP$XVJDQJGHU$QWRQLQH$DOHQ >/HLS]LJ @SPLV¢SDUWOHVRXYUDJHV VXUOHVMHX[OHVSRUWHWOHFLUTXH¢5RPHTXLDERUGHQW OD TXHVWLRQGHVP«WLHUV GXFLUTXHG XQHPDQLªUH J«Q«UDOHOD ELEOLRJUDSKLHVXUOH VXMHW VH FRP SRVH SULQFLSDOHPHQW G XQHV«ULH G DUWLFOHV FRQVDFU«V ¢ O XQRXO DXWUH GHV P«WLHUV RXRFFXSDW LRQV GX FLUTXH RQFRQVXOWHUD HQSDUWLFXOLHU OHV QRPEUHX[WUDYDX[GH-37KXLOOLHUFLW«V LFL PDLVLJQRU«V SDU-- 5RVVLWHUm &LUFHQVLXPPLQLVWUL ZKRDUHWKH XQPRXQWHGILJXUHV RQ5RPDQ &LUFXVPRVDLFV " }GDQV/DPRVD±TXHJU«FRURPDLQH9,,,$FWHVGX9O,,ªPH&ROORTXHLQWHUQDWLRQDOSRXU O «WXGH GHODPRVD±TXH DQWLTXHHWP«GL«YDOH/DXVDQQH 6XLVVH

(31)   RFWREUH /DXVDQQH  SXQH«WXGH ¢ODTXHOOHMHQ DLHX DFFªVTX DSUªVOD U«GDFWLRQGH FHW DUWLFOHGH P¬PH TXH FHOOH GH '6 3RWWHUm (QWHUWDLQHUV LQ WKH 5RPDQ(PSLUH } GDQV ' 6 3RWWHUHW '- 0DWWLQJO\ /LIH 'HDWK DQG (QWHUWDLQPHQW LQ WKH 5RPDQ (PSLUH 0LFKLJDQ S  6LJQDORQVDXVVL ODPRQRJUDSKLHU«FHQWHVXUOHV FRFKHUVGH *+RUVPDQQ:DJHQOHQNHUFLW VXSUD Q DYHFOHFRPSWHUHQGXDUWLFOH GH:'HFNHUm )XURUFLUFHQVLV}-5$ S DLQVL TXHOHV GHX[SXEOLFDWLRQV U«GLJ«HV VRXV OD IRUPH G LQYHQWDLUH RX GH OLVWH UDVVHPEODQW OHV GLII«UHQWV WLWUHVHWWHUPHV WHFKQLTXHVHQUHODWLRQ DYHFOHFLUTXH$1HSSL0RGRQD m 5LFHUFKH VX DOFXQL WHUPLQL UHODWLYL DL OXGLFLUFHQVL } GDQV +RPPDJHV ¢ /+HUUPDQQ FROO/DWRPXV %UX[HOOHV SHW * ,RSSROR HW *3LVDQL 6DUWRULR /DYLOOD GL0DVVHQ]LRVXOOD 9LD $SSLD  LO FLUFR ,QVWLWXWH 1D]LRQDOH GL 6WXGL 5RPDQL5RPHS /H WKªPH GX FLUTXHD «W« «FDUW« GH O «WXGHGH 65-RVKHOFLWVXSUDQ S .

(32) -2&(/<1(1(/,6&/‹0(17. DXWRXU GX FLUTXH HW GDQV OHV TXDUWLHUV DYRLVLQDQWV HQ TX¬WH GH UHVVRXUFHV DXSUªV GHV IRXOHV DWWLU«HV SDU OHV VSHFWDFOHV 1RXV YHUURQV TX LO FRQYLHQW ORUVTXHO RQDERUGH ODTXHVWLRQ GX FLUTXH HWGH VHV DFWHXUVGHIDLUH XQH GL VWLQFWLRQ HQWUH OHPLOLHX GHVSURIHVVLRQQHOV HWFHX[TXLDVVXPHQW¢WLWUHKRQRU LILTXH GHV IRQFWLRQV LQGLVSHQVDEOHV GDQV O RUJDQLVDWLRQ HW G«URXOHPHQW GHV MHX[GXFLUTXHMHSHQVHDX[ GLJQLWDLUHVDX[PDJLVWUDWVDX[SU¬WUHVGRQWM DX UDL O RFFDVLRQG «YRTXHULFLRXO¢OHVIRQFWLRQVORUV GHVMHX[GX FLUTXHP¬PH V LOV QH IRQWSDV GLUHFWHPHQWSDUWLH GH QRWUHFKDPS G LQYHVWLJDWLRQ3U«FLVRQV SDU DLOOHXUV TXH ORUV GHV VSHFWDFOHV H[FHSWLRQQHOV OHOXVXV7URLDHSDUH[HPSOH RX DXFRXUV GH F«O«EUDWLRQV GH WULRPSKHVLO DUULYH TXHGHV DPDWHXUVSDUPL OHVTXHOVRQWURXYH GHV UHSU«VHQWDQWV GH ODMHXQHQREOHVVH URPDLQHV H[KLEHQW VXU OD SLVWH GX &LUFXV 0D[LPXV HQ TXDOLW« GH FRFKHUV GHVXOWRUHV RX FXUVRUHV FRPPHFHIXW OHFDV VRXV-XOHV&«VDUPDLVDXVVLVRXV$XJXVWHRX&DOLJXODVRLW DSUªV O LQWHUGLFWLRQ O«JDOH IDLWH DX[V«QDWHXUV HW «TXHVWUHV GH VH SURGXLUH HQ SXEOLF 5DSSHORQV HQILQ TXH WRXV FHV DFWHXUV HW DJHQWV UHVWHUDLHQW GDQV O RPEUHVDQVOHV DFFODPDWLRQV GH ODIRXOH ᒫOD FDSDFLW« GX &LUFXV0D[LPXVHVW HVWLP«H¢TXHOTXH VSHFWDWHXUVᒫTXLWURXYHGDQVFH FRQWH[WHHQSU« VHQFH GH O HPSHUHXUHWGHV V«QDWHXUVO RFFDVLRQ GH PDQLIHVWHUSXEOLTXHPHQW VHV RSLQLRQV /H G«ILO« GHVDFWHXUV ORUV GHODSRPSDFLUFHQVLV $YDQWOHG«EXWGHVJUDQGVMHX[ODIRXOHUDVVHPEO«HGDQVOHFLUTXHYRLWG«ILO HU VRXV VHV\HX[ODSRPSDFLUFHQVLV SDUWLGX &DSLWROHFH FRUWªJHWULRPSKDO HQ O KRQQHXU GHV GLHX[ UHMRLQW OH &LUFXV 0D[LPXV TX LO WUDYHUVH GDQV WRXWH VD ORQJXHXU &HULWXHO DQFLHQ VH G«YHORSSHHQ XQHY«ULWDEOH PLVH HQ VFªQH GX SRXYRLU'HQ\VG +DOLFDUQDVVHXQFRQWHPSRUDLQG $XJXVWHUDSSRUWHGDQV VHV  6X«WRQH &«VDU    TXDGULJDV ELJDVTXH HW HTXRV GHVXOWRULRV VLF

(33)  DJLWDXHUXQW QRELOLVVLPL LXXHQHV $XJXVWH  LQ FLUFRDXULJDV FXUVRUHVTXHHWFRQMHFWXUHVIHUDUXPHW QRQQXPTXDPH[ QRELOLVV LPD LXXHQWXWHSURGX[LW  OD UHODWLRQ HQWUH OHV GHVXOWRUHV GHVMHX[GH &«VDUHWOHV FXUVRUHV GH FHX[ G $XJXVWHDSSDUD°WFODLUHPHQW GDQV FHVGHX[SDVVDJHV  VXUOHV PHVXUHVO«JDOHVLQWHUGLVDQWDX[ V«QDWHXUV HW «TXHVWUHVGH V H[KLEHUGDQVO DUªQH HWHQSDUWLFXOLHU VXUOD 7DEXOD /DULQDVGRQW OHV HIIHWV SRUWHUDLHQWDXVVL VXUOHV P«WLHUV GX FLUTXH  *+RUVPDQQ :DJHQOHQNHUFLW VXSUDQ S   5&%HDFKDP6SHFWDFOH(QWHUWDLQPHQWVRI(DUO\,PSHULDO5RPH1HZ+DYHQ/RQGUHV S ODLVVH HQWHQGUH TXHOHV SHUIRUPDQFHV GHV QREOHV DXUDLHQW FHVV« WUªV W¶W DYHF O D UULY«H GHV SURIHVVLRQQHOV  VXU OHVWDWXWG DXULJD SULXDWXV RX GH FRFKHUDPDWHXU  - 1$GDPV 3HODJRQLXVDQG/DWLQYHWHULQDU\ WHUPLQRORJ\LQWKH5RPDQ(PSLUH/H\GH1HZ<RUNS Q   VXU OHV FRQMHFWXUHVIHUDUXP HW OHV DXWUHV DFWHXUV V H[KLEDQW GDQVOHV GLYHUV VSHFWDFOHV SU«VHQW«V GDQVOHFLUTXHYRLULQIUD  3RXUXQHGLVFXVVLRQ VXUOD FDSDFLW«GX &LUFXV0D[LPXV  -++XPSKUH\ &LUFXVFLWVXSUD Q SHWU«FHPPHQW3=DQNHUm / HPSHUHXUFRQVWUXLWSRXUOHSHXSOH}GDQV1%HOD\FKH «G5RPHOHV &«VDUVHWOD9LOOHDX[GHX[SUHPLHUVVLªFOHV GHQRWUHªUH 5HQQHVS TXL FRQVLGªUHFRPPHm SDVWRXW¢IDLWLQYUDLVHPEODEOH} OH FKLDUHGHVSHFWDWHXUV DYDQF«SDU 3OLQH+LVW 1DW  VXUOHVU«DFWLRQV GHODIRXOH  YRLUSDUH['LRQ&DVVLXV RX  DYHF 6+$'LGLXV-XOLDQXV HW+«URGLHQ  39H\QH3DLQ HW&LUTXH FLWVXSUD Q  S   YRLU DXVVL SRXU O «SRTXH SOXV WDUGLYH  & +HXFNH m +LSSRGURP XQG 3ROLWLN}1LNHSKRURVS .

(34) /HVP«WLHUVGXFLUTXHGH5RPH¢%\]DQFH. . $QWLTXLW«V 5RPDLQHV TXH FH VRQW OHVILOV GHODQREOHVVH URPDLQH TXLDUULYHQW G DERUG ¢ SLHGRX ¢ FKHYDO VHORQ OHXU UDQJVXLYLV SDU OHV SURIHVVLRQQHOV RX FRQFXUUHQWV OHV FRFKHUV TXLPHQDLHQW GHV TXDGULJHV HW GHV ELJHVDLQVL TXH GHV FDYDOLHUVPRQWDQW GHV FKHYDX[VDQV DWWHODJHͩͯ͡ͱ͹ͱͫͶͣͶͪ͟ͳͫͲͲͣͶͧͬͣ͡ Ͷͣʹ ͵ͷͯͻͳͦͣ͡ʹͬͣͫ Ͷͱͷʹͨͧ͞ͿͬͶͱͷʹ ͡ͲͲͱͷʹͭͣ͟ͿͯͱͯͶͧʹ‚FHX[FL V DVVR FLHQWGHV DWKOªWHV FHX[TXLSUHQQHQW SDUWDX[MHX[O«JHUV ͮͧͪ ͱͷʹRLͶͻͯ ͣͪͭͩͮ͞Ͷͻͯ ͥ͞ͻͯͫ͵Ͷͣ͡ Ͷͻͯ ͶͧͬͱͿ͸ͻͯ VHORQ OHV WHUPHV GH 'HQ\V VRLW OHV FRXUHXUVVDXWHXUVODQFHXUVHWFHX[TXLSDUWLFLSHQWDX[MHX[ORXUGVͬͣͫͶͻͯ ͤͣͳ͟ͻͯYUDLVHPEODEOHPHQW OHV ER[HXUVOXWWHXUV HW SDQFUDWLDVWHV &HV ͥ͞ ͻͯͫ͵Ͷͣ͡ VRQWVXLYLVSDUSOXVLHXUV JURXSHV GH GDQVHXUVDFFRPSDJQ«V GHPXVL FLHQV HW UHY¬WXV GH GLII«UHQWV FRVWXPHV G XQ F¶W« GHV 6DW\UHV RX6LOªQHV GH O DXWUH GHV GDQVHXUV EXUOHVTXHV /HG«ILO« VH SRXUVXLW DYHF OHV SRUWHXUV GH SDUIXPVG HQFHQV HW GH YDVHV HQ DUJHQW HW HQ RU FRQVDFU«V DX[GLHX[ SXLV FHX[ TXL VRQW FKDUJ«V GH SRUWHUOHVLPDJHV GHV GLHX[ RXP¬PH GH PHPEUHV GH ODIDPLOOHLPS«ULDOH VXUOHXUV «SDXOHV RXVXUGHV FKDUVWLU«VSDUGHVFKHYDX[ RXWHQVDH HQ ILQ GH SURFHVVLRQDUULYHQWOHVFRQVXOV RXPDJLVWUDWV

(35)  DFFRPSDJ Q«V G XQH SDUWLH GHV SU¬WUHV FKDUJ«V GHV VDFULILFHV DYHF OHXUV DVVLVWDQWV 3OXVLHXUV FROOªJHVRXDVVRFLDWLRQVG«ILOHQWGDQVODSRPSDDX[F¶W«VGHV SU¬WUHV HWGHVPDJLVWUDWVFRPPHOHVRXOLJQH7HUWXOOLHQTXRWFROOHJLDTXRWVDFHUGRWLDTXRW RIILFLD PRXHDQWXU ,O V DJLW YUDLVHPEODEOHPHQW GHV FROOHJLD LXXHQXP GHV 6RGDOHV $XJXVWLHW GHV DVVRFLDWLRQV G DUWLVWHV RXGLII«UHQWV FRUSV GH P«WLHUV LPSOLTX«V GDQVOHVMHX[GRQW FHUWDLQV RQWOHXUVSODFHV U«VHUY«HV GDQV OH FLUTXHFRPPH GDQVG DXWUHVOLHX[GHVSHFWDFOHV/ HPSHUHXUOXLP¬PHVHMRLQW ¢O RFFDVLRQ  'HQ\VG +DOLFDUQDVVH HQSDUW  WUDG0&KDVVLJQHW O $QQDOLVWLTXHURPDLQH &8)

(36) YRLUDXVVL7HUWXOOLHQ/HV 6SHFWDFOHVHW2YLGH/HV$PRXUV DXUHDSRPSD

(37)  / $UWG DLPHU   FXPSRPSDIUHTXHQV FDHOHVWLEXV LELWHEXUQHLV

(38) HW)DVWHV  &LUFXV HULW SRPSD FHOHEHUQXPHURTXHGHRUXP SULPDTXHXHQWRVLVSDOPDSHWHWXUHTXLV

(39) 6XUODSRPSDHQJ«Q«UDO SDUH[*,RSSRORHW*3LVDQL6DUWRULR/DYLOODFLW VXSUDQ S  -37KXLOOLHU6SRUWFLWVXSUD QS   YRLU DXVVL,Gm /HSURJUDPPH DWKO«WLTXH GHVOXGLFLUFHQVHVGDQVOD 5RPHU«SXEOLFDLQH}5(/S   - 5-DQQRW m /HV GDQVHXUV GH OD SRPSD GX FLUTXH 7«PRLJQDJHV WH[WXHOV HW LFRQR JUDSKLTXHV }5(/ S  XQHSDUWLH GHFHV GDQVHVULWXHOOHVGRQWOHVRULJLQHV VRQW ¢ FKHUFKHU GX F¶W« GH O ‹WUXULH SOXW¶W TX HQ *UªFH FRPPH HQWHQG OH G«PRQWUHU 'HQ\V G +DOLFDUQDVVHOHV GDQVHV HQ DUPHVQRWDPPHQWYRQWGLVSDUD°WUH ¢O «SRTXHFODVVLTXH VXUO H[ LVWHQFH SUREDEOH G XQFKHIGDQVHXU  9DO«UH 0D[LPH    -HX[ 3O«E«LHQV GDQV OH &LUFXV )ODPLQLXV

(40)   3RXUOD PHQWLRQ G XQSRSD RX YLFWLPDLUH GDQV OH FRQWH[WH GX &LUFXV 0D[LPXV YRLU &LF«URQ0LORQ    TXLQ HWLDPIXLWDXGLHQGXVSRSD/LFLQLXV QHVFLR TXLGGH &LUFR0D[LPR  7HUWXOOLHQ/HV6SHFWDFOHVDYHFOHFRPPHQWDLUH GH07XUFDQ«GGX &HUI3DULV  S VHORQTXLLO VHUDLWSOXW¶W TXHVWLRQYX OHUHJDUGFULWLTXH GX G«IHQVHXUGX FKULVWLD QLVPHGHVGLII«UHQWHVFDW«JRULHV DVVXPDQW ¢5RPHGHV IRQFWLRQVUHOLJLHXVHVOHVSDUWLFXOLHUVOHV SU¬WUHV HW OHV PDJLVWUDWV 6XUOHV FROOªJHV  $(    O LQVFULSWLRQOHUHOLHIHW OHV WHUPHV LXXHQHV HW VRGDOHV DLQVL TXH OD UHSU«VHQWDWLRQ G XQ XH[LOOXP VXU OH UHOLHI «YRTXHQW VHORQ 6 3DQFLHUD 7UD (SLJUDILD H 7RSRJUDILD} $UFKHRORJLD &ODVVLFD   SDUW S  SL /9,,OHVUHODWLRQV HQWUHXQ FROOHJLXP LXXHQXP HWOHPRQGHGX FLUTXH  OHXH[LOOXP UDSSHOOH OHV HQVHLJQHV XH[LOODVLJQD

(41)  UHSU«VHQW«HVVXUODPRVD±TXHGH%DUFHORQHVXUODVSLQDGX FLUTXH  GDQV OD F«U«PRQLHGX FLUTXH¢&RQVWDQWLQRSOHV REVHUYH«JDOHPHQWODSU«VHQFH GH VROGDWVDYHFOHXUV RULIODPPHV  * 'DJURQ 2UJDQLVDWLRQ FLW VXSUD Q  S   ¢ /\RQ &,/;,,,  LO HVW TXHVWLRQG XQFROOªJHGHV FHQWRQDULL FRPPHOH VXJJªUH OHFXUDWRU

(42)  HWGHV ORFDGDQVOHFLUTXH6XU.

(43) . -2&(/<1( 1(/,6&/‹0(17. ¢ODSRPSDVL O RQHQFURLWOHW«PRLJQDJHGH6X«WRQHVHORQOHTXHO$XJXVWHXQ MRXUTX LO«WDLWPDODGHHWTX RQF«O«EUDLW GHVMHX[YRWLIV GDQVOH FLUTXHDXUDLW VXLYL OHV WHQVDH FRXFK« VXU XQH OLWLªUH /D IRXOH GHV VSHFWDWHXUV UDVVHPEO«V GDQV OHV ORJHV JUDGLQV HW DXWUHV SODFHV GX &LUFXV 0D[LPXV VDOXH O HPSHUHXU ORUVTX LO HVW SU«VHQW OXL PDQLIHVWDQW VRQ DIIHFWLRQ SDU GHV DFFODPDWLRQV DSSODXGLVVHPHQWVHWJHVWHVGHVRXWLHQRXDXFRQWUDLUHVDU«VHUYHH[SULP«HSDU XQ VLOHQFH LQVROLWH GDQV XQ WHO OLHX RX SDU GHV DFFODPDWLRQV GHVWLQ«HV DX[ FRXOHXUVDGYHUVHVGHFHOOH TXHVRXWLHQWO HPSHUHXU8QY«ULWDEOHGUDPH V LQ VWDOOH DXVHLQGX VSHFWDFOHQ« GHVLQWHUDFWLRQVHQWUH ODIRXOHO HPSHUHXUHWOHV GLYHUV DFWHXUV GHVMHX[ /HV DFWHXUVGHVFRXUVHV GH FKDU /HV FRFKHUV /HG«ILO« HWOHVVDFULILFHV WHUPLQ«VODSLVWH VHOLEªUHSRXUOHV PD[LPD VSHFWD FXODWRXVOHV\HX[ VHILJHQW VXUOHVFDUFHUHV HWOD PDSSDGH <HGLWRUTXLPDUTXH VRXV XQ UHWHQWLVVHPHQW GH WURPSHWWH OH VLJQDO GX G«SDUW GHV TXDGULJHV 'XUDQWOHVVHSWWRXUV GHFKDFXQHGHV FRXUVHVFKDFXQ IL[H VRQ FRFKHUIDYRUL VHV FKHYDX[SU«I«U«V VXUOHVTXHOV LODSDUL«HQ DFFODPDQWOHXUV QRPV3DUPL OHVGLII«UHQWHVFRXUVHVOH «SUHXYHVOHVSOXVSUHVWLJLHXVHVVHOLPLWHQW KDELWXHOO HPHQW ¢TXDWUHTXDGULJHVFKDFXQHGHVIDFWLRQVSU«VHQWDQWVRQPHLOOHXUFRFKHU HWVRQ PHLOOHXU «TXLSDJH FHUWDPLQDVLQJXODUXP

(44)  PDLV OH SXEOLF DSSU«FLH DXVVL OH FDUDFWªUHVSHFWDFXODLUHGHVFRXUVHV¢KXLWRXGRX]HFKDUV ^FHUWDPLQDELQDUXP WHUQDUXP

(45)  FHV GHUQLHUV G«ERXFKDQW GH FKDFXQ GHV FDUFHUHV GX FLUTXH HW V «ODQ©DQW SRXUVH SODFHU DX PLHX[ VXUOD SLVWH GURLWH GX FLUTXH 2QQH VDLW OHTXHOGHV GHX[O KRPPHRXOH FKHYDOHPSRUWHGDYDQWDJH O DIIHFWLRQGX OHVFROOªJHVHQ UHODWLRQDYHFOHV IHVWLYLW«VORUV GHVMHX[  &K5RXHFK«3HUIRUPHUVDQG3DUWLVDQVDW $SKURGLVLDV LQ WKH 5RPDQ DQG /DWH 5RPDQ 3HULRGV/RQGUHV S  DYHF OHFRPSWH UHQGXGH-*DVFRX$QW7DUGS

(46) -XY«QDO PHQWLRQQHOHV FRUQLGQHV GDQV OHFRQWH[WH GH ODSRPSD  0LQHFRUQLGQHV KLQFSUDHFHGHQWLD ORQJL  DJPLQLVRIILFLD HW QLXHRV DG IUHQD 4XLULWHV  OHWHUPH RIILGD VH UHWURXYH FKH]7HUWXOOLHQ  VXUOHV FROOªJHV GH PXVLFLHQVYRLU LQIUD Q  6X«WRQH$XJXVWH HW &DOLJXOD  VXUOHV LPDJHVGHV GLHX[HWGH OD IDPLOOH LPS«U LDOHSURPHQ«HVVXUGHV WHQVDHORUV GH ODSRPSD

(47)   6LO RQHQFURLW0DUWLDO OHSXEOLFDXUDLW DSSODXGL'RPLWLHQGXUDQW OH G«URXOHPHQWGH TXDWUHFRXUVHV  2YLGH$PRXUV VRLWSHQGDQWSUªVG XQHKHXUHVHORQOHVHVWLPDWLRQV     PD[LPD LDP XDFXRSUDHWRU VSHFWDFXOD GHVVS«FLDOLVWHVYRLULQIUD DUFR  TXDGULLXJRV Q

(48)  DHTXR FDUFHUHPLVLWHTXRV VXUO DWWLWXGHGHODIRXOHDXPRPHQWGXG«SDUW (QQLXV$QQDOHV/HWKªPH GH ODIXURUGUFHQVLV TXLDYHXJOH ODIRXOH UHYLHQW VRXYHQWGDQVOD OLWW«UDWXUHSDUH[7HUWXOOLHQ/HV 6SHFWDFOHV   HWLDP DFLUFR XELSURSULHIXURUSUDHVLGHW$VSLFHSRSXOXPDGLGVSHFWDFXOXP LDPFXP IXURUH XHQLHQWHP LDPWXPXOWXRVXP LDPFDHFXP LDPGHVSRQVLRQLEXVFRQGWDWXP  9RLUSDUH[OHVLQVFULSWLRQV VXUGHVYHUUHV ¢VFªQHV GH VSHFWDFOHVDYHFOHV QRPV GHV DXULJHV UHSU«VHQW«VDXYRFDWLIDFFRPSDJQ«VGHV LQWHUSHOODWLRQVXDOHRXDXHSRXUOHYDLQTXHXUVHORQOHV DFFODPDWLRQVGH OD IRXOH  *6HQQHTXLHUHW DO/HV YHUUHV URPDLQV ¢ VFªQHV GHVSHFWDFOH WURXY«VHQ )UDQFH 5RXHQ$(.

(49) /HVP«WLHUVGXFLUTXHGH5RPH¢%\]DQFH. . EOLF / LPDJHULH GX FLUTXH RIIUH GH VXSHUEHV UHSU«VHQWDWLRQV GH FRFKHUV GHERXWVXUOHXU FKDUUHY¬WXV GHOHXUWXQLTXHFRXUWHODW¬WHVRXYHQWSURW«J«H G XQFDVTXHGH FXLUGHVODQLªUHVGH FXLUFURLV«HV VXUODSRLWULQH HWOHV JXLGHV HQURXO«HV DXWRXU GH OD WDLOOH DJLWDQW OH IRXHW SRXU H[FLWHU OHXUV FKHYDX[VH UHWRXUQDQWYHUVOHXUVFRQFXUUHQWVV «FURXODQWDXFRXUVG XQQDXIUDJHIUHLQDQW OHXUVFKHYDX[DSUªVO DUULY«H RXYLFWRULHX[ODSDOPHHQPDLQDXPRPHQWGH ODYLFWRLUHFDMRODQWOHXUV FKHYDX[G«FRU«VGH FROOLHUVGHSHUOHVGHSOXPHV 6HXOVOHVFRFKHUVOHVSOXV H[S«ULPHQW«VFHX[TXLSRUWHQWOH WLWUH¢ DJLWDWRU VRQW HQGURLW GHFRQGXLUH OH TXDGULJHOHV DXWUHV VH FRQWHQWDQWGXELJH HWGX WLWUHJ«Q«ULTXHG  DXULJD &HODH[SOLTXHTXHFHVRLWXQLTXHPHQWOH WLWUH G DJL WDWRU TXLILJXUHGDQVOHVF«OªEUHV LQVFULSWLRQVUHODWDQWOHVFDUULªUHVGHVYHGHWWHV 2QFRPPHQFHVRXYHQWWUªVW¶WGDQVOH P«WLHUGHFRFKHUODFRQGXLWH GXELJH SXLV GXTXDGULJHQ«FHVVLWDQWO DFTXLVLWLRQG XQHH[FHOOHQWHWHFKQLTXHHQSOXV G XQHWUªV ERQQH FRQQDLVVDQFH GX PRQGH GHV FKHYDX[/HWKªPH GXMHXQH ELJH PRUW WURS W¶W RX OD P«WDSKRUH GXMHXQH FRFKHU G«F«G« DYDQW P¬PH G DYRLU DWWHLQWOD PHWD GH ODFRXUVH GH VDYLH UHYLHQQHQW GDQV OD OLWW«UDWXUH HW GDQVSOXVLHXUV «SLWDSKHVGHFRFKHUV/ DJLWDWRU&UHVFHQVG RULJLQHPDXUHQ D TXH DQVORUVTX LOUHPSRUWHVDSUHPLªUHYLFWRLUHVXUTXDGULJHORUV GHVMHX[ F«O«EUDQW HQ  DSU-&O DQQLYHUVDLUHGX GLYLQ1HUYD2QQH V «WRQQHUD SDV TX XQFHUWDLQ QRPEUH GHV FRFKHUV FRQQXVSURYLHQQHQW GHV SURYLQFHV RX U«JLRQV U«SXW«HV SRXU OHXUV «OHYDJHV GH FKHYDX[ GH FRXUVH OD S«QLQVXOH LE«ULTXHO $IULTXHOD 6LFLOHOD &DSSDGRFHP¬PH VL OH SDUFRXUV GHV FRFKHUV YHGHWWHV GH5RPHVH G«URXOH GDQV OD FDSLWDOH HWDX &LUFXV 0D[LPXVR»SOXV GHV  GHV FRFKHUV FRQQXV  FRFKHUVGRQW  LQFHUWDLQV

(50)  RQW DFFRPSOL  9RLUSDU H[ 3OLQH +LVW 1DW  G«FULYDQW OHV FKHYDX[ GX FRFKHU&RUD[ TXL PDQĕXYUDQW FRQWUH OHV DXWUHV FKDUVU«XVVLVVHQW¢ V DUU¬WHU ¢ OD OLJQHG DUULY«H DG FUHWDPUHP SRUWDQW ODYLFWRLUH VDQVOXL  6XUOHFRVWXPH GXFRFKHU  -37KXLOOLHUm /HFRFKHUURPDLQVRQKDELW HWVRQ FRXWHDX} 1LNHSKRURV S  6XUFHVWLWUHVTXLILJXUHQWF¶WH¢F¶WHGDQVO LQVFULSWLRQGHODIDFWLRQPHQWLRQQ«HSOXV KDXW &/9,   ,/6 

(51) YRLU DXVVL-3 7KXLOOLHU m $XULJDDJLWDWRU  GH VLPSOHV V\QR Q\PHV "  5HYXHGH 3KLORORJLH GH /LWW«UDWXUH HWG +LVWRLUH DQFLHQQHV S $X[ UHFHQV«VSDU*+RUVPDQQ :DJHQOHQNHUFLW VXSUD Q RQDMRXWHUD<D JLWDWRU

(52)  PLO LDULXV

(53) & ,XO LXV

(54) $XU HOLXV

(55)  ,XOLDQXVTXLDFRXUXSOXVGH IRLVGDQVOH FLUTXH  VRQ FLSSHSURYLHQWGX 7ULJDULXP¢3LD]]D6IRU]D&HVDUPLOHOLHXR»V HQWUD°QDLHQWOHVDXULJHVFHTXLH[SOLTXHVDG«GL FDFHDX[GLHX[SURWHFWHXUVGLWVFXVWRGLEXV FI ) &RDUHOOL8 &DPSR0DU]LR GDOOH RULJLQL DOODILQH GHOOD UHSXEEOLFD 5RPHS  VHORQ&OH7ULJDULXP QHIXWSDV HQVHUYLFH DYDQW OHV GHUQLªUHV G«FHQQLHV GX ,OªPHV DS-&

(56) ' DXWUHVQRPV GHFRFKHUVSHXYHQWHQFRUHV DMRXWHU ¢ ODOLVWH GH +RUVPDQQSDU H[  $HSDJDW K

(57) XVGH OD IDFWLRQ EOHXH /DPSH&DEGHV P«GDLOOHV ILQHU V DSU-&  &KU/DQGHV &LUTXHFLW VXSUDQ S HW Qr 

(58) %DOODUOR DYHF VHV FRQFXUUHQWV3ULVFLDQXV&RPPXQLV FIQr GH +RUVPDQQ"

(59)  HW3HFXOLDULV 0RVD±TXHGH 6DQV  6HQQHFH\/H*UDQG  - ++XPSKUH\ &LUFXVFLWVXSUD QS  &KU/DQGHV&LUTXHS 

(60) &RUD[PHQWLRQQ« SDU 3OLQH+LVW1DW RX$XUHOLXV'HPHWULXV ILOV GH 'LRSKDQªV ^3 2[\ "

(61)   &-/9,  ,/60DUWLDO HW YRLU DXVVLOHV H[SUHVVLRQVFRPPHELJD ULXV LQIDQV &,/9O   ,/6 

(62)  RX LXXHQDOLV DPRU &,/9,,,   - .ROHQGR m / LQVFUL]LRQHGL XQDXULJDD7KHYHVWH ,/$OJ,

(63)  }/ $IULFD5RPDQD$WWLGHO,,FRQYHJQR GL VWXGLR6DVVDUL GLFHPEUH 6DVVDUL S 

(64)   &/9,,/6.

(65) . -2&(/<1(1(/,6&O‹0(17. OHXU FDUULªUH(Q$IULTXHF HVW &DUWKDJH TXLUDVVHPEOHOH SOXV JUDQGQRPEUH GHW«PRLJQDJHV GH FRFKHUV 

(66) VXLYLGH 6RXVVH+DGUXPHWXP 

(67)  /HV FRFKHUV VRQW J«Q«UDOHPHQW GHV HVFODYHV RX GHV DIIUDQFKLV  VXU OHV TXHOTXHDXULJHVHWDJLWDWRUHVU«SHUWRUL«VRQQHFRPSWH TX XQVHXOFRFKHU GH QDLVVDQFH OLEUH RX LQJHQXXV3 $HOLXV*XWWD &DOSXUQLXVXQ VHXOG «SRTXH U«SXEOLFDLQH %RFXOXV HW XQ VHXO DIIUDQFKL LPS«ULDO 7L &ODXGLXV (SDSKURGLWXVGHODIDFWLRQYHUWH /H SUHPLHUFRFKHUUDWWDFK« ¢XQHIDFWLRQ TXH O RQFRQQDLVVH GDQVOHV LQVFULSWLRQVXQ FHUWDLQ 6FLUWXVHVW XQ DJLWDWRUGH ODIDFWLRQEODQFKHGRQWODFDUULªUHVHG«URXOHHQWUH HWDSU-& LO UHP SRUWH VHSW YLFWRLUHV VXU XQ TXDGULJH REWHQDQW WUHQWHQHXI IRLV OD VHFRQGH SODFHHWVRL[DQWHIRLVODWURLVLªPH6LXQJUDQGQRPEUHGH FRFKHUVQ RQWSDV U«XVVL ¢ DWWHLQGUHOD JORLUH HVS«U«HG DXWUHV VRQW DXFRQWUDLUH GH Y«ULWDEOHV YHGHWWHV DFFXPXODQW YLFWRLUHV HW VRPPHV FRORVVDOHV FRPPH &$SSXOHLXV 'LRFOªV XQ DIIUDQFKL G RULJLQH OXVLWDQLHQQH GRQW XQH LPSUHVVLRQQDQWH LQVFULSWLRQG«FULWGHPDQLªUH G«WDLOO«HO «YROXWLRQGHODFDUULªUHHQWUH HW DSU-&HWO HQVHPEOHGHVHVSHUIRUPDQFHVLQVLJQLDHLXV FHOOHVFLRQW«W« UHFRSL«HV ¢ SDUWLU GH GRFXPHQWV G DUFKLYHV RX DFWD LO V DJLW VDQV GRXWH GHV DUFKLYHV RIILFLHOOHV GH5RPHRXDFWD GLXUQD

(68)  FRQWHQDQWODFRPSWDELOLW« H[DFWH HWODGHVFULSWLRQGHWRXWHVOHV FRXUVHVDX[TXHOOHVLODSDUWLFLS«'LRFOªVmOH SOXV HPLQHQW GHV FRFKHUV GHWRXWHVOHVIDFWLRQVFHOXLTXLSDUVRQP«ULWH VXV FLWH O DGPLUDWLRQ GH WRXV } FRPPH OH GLW O LQVFULSWLRQ DSSDUD°W FRPPHXQ PRGªOH ¢ODIRLV SRXUOHV FRFKHUV HWO HQVHPEOHGHV SURIHVVLRQQHOV GX FLUTXH PDLVDXVVLSRXUOHVHVFODYHVHWOHVDIIUDQFKLVSHXKDELWX«V¢YRLUF«O«EU«V G XQH WHOOHPDQLªUH GHVJHQVLVVXVGHOHXUFODVVH VRFLDOH(QDQVGHFDUULªUHLOSDU WLFLSH ¢  FRXUVHV SDVVDQW GH OD IDFWLRQ EODQFKH ¢ OD YHUWH SXLV FKH] OHV 5RXJHVR»LOUH©RLWG DERUGOHWLWUH ¢ DJLWDWRUSXLVFHOXL GHSUHPLHUDJLWDWRUGH OD IDFWLRQ2XWUHODPHQWLRQ GH VHV YLFWRLUHVGRQWODSUHPLªUHUHPRQWH ¢ DSU-& LO DDORUV  DQV HWFRXUW GHSXLV  DQV FRPPHDJLWDWRU

(69) O L QVFULSWLRQ GRQQHGHVSU«FLVLRQVVXUOHVW\SHVGH FRXUVHVHWGHYLFWRLUHVDLQVLTXH VXUOHVGLII«UHQWHV WHFKQLTXHVRS«U«HV SRXUJDJQHU RFFXSDXLWHW XLFLWVXDHVVLWHW XLFLW XDULLVJHQHULEXV XLFLW HULSXLWHW XLFLW

(70) U«Y«ODQWP¬PHO H[LVWHQFH GH FRXUVHV DYHF KDQGLFDSVSUDHPLVLWHW XLFLW 'LRFOªVVHPEOHVH GLVWLQJXHUSDUVHV QRXLWDWHV RXSURXHVVHV SHX FRPPXQHV OD FRQGXLWH VDQV IRXHWVLQHIODJHOOR HW SRXU OD SUHPLªUH IRLVOD FRQGXLWH G XQDWWHODJH ¢  FKHYDX[

(71) / LQVFULSWLRQ OLYUH SDU DLOOHXUVXQ FHUWDLQ QRPEUH GH G«WDLOV VXUOHV PRQWDQWV GH VHV GLII«UHQWV JDLQV  :'HFNHUm )XURUGUFHQVLV}FLWVXSUD Q S   ,ELG DYHF *+RUVPDQQ :DJHQOHQNHUFLW VXSUD Q  HQ SDUW Qr  HW  SU«FLVRQV WRXWHIRLV TXHOHV FRFKHUVGRQWOHVWDWXW VRFLDOHVWFHUWDLQ QHFRQVWLWXHQWTXHGXGRVVLHU  &/9,  ,/6  9RLU¢ FH VXMHW*+RUVPDQQ:DJHQOHQNHUFLW VXSUDQ S   &,/9, ,/6  FHWWH LQVFULSWLRQ DXMRXUG KXLSHUGXH

(72) TXLFRPSWHSOXV GH XLFLW RXXLFWRUGHYDLWLPSUHVVLRQQHU WRXV FHX[TXLSDVVDLHQWGHYDQW HOOH  OD OHFWXUH HQ «WDLW IDFLOLW«HSDUXQHRUGLQDWLR VRLJQ«HSU«VHQWDQW XQHGLYLVLRQ HQGHX[SDUWLHVELHQGLVWLQFWHV HQ GHVVXV HWHQGHVVRXVGHVPRWV LQVLJQLDHLXVHX[P¬PHVFHQWU«VHWPLV HQ«YLGHQFHSDUGHVXDFDW GH FKDTXH F¶W« HW SDU O HPSORL GH OHWWUHV SOXV JUDQGHV HW GH WDLOOH G«JUHVVLYH GDQV OD SDUWLH VXS«ULHXUH  YRLUDXVVL &,/;,9 ¢3U«QHVWHLQVFU«ULJ«H SDUVHV HQIDQWV

(73)   *+RUVPDQQ :DJHQOHQNHU FLW VXSUDQ S Qr SHWS .

(74) /HVP«WLHUVGXFLUTXHGH5RPH¢%\]DQFH. . HWU«FRPSHQVHV RXSUDHPLDPDLRUD  RQ DSSUHQGTX LODDFFXPXO«XQHIRUWXQH V «OHYDQW ¢SUªVGHPLOOLRQVGHVHVWHUFHV  SRXU¬WUHH[DFW

(75) $ F¶W« GHVRQQRPTXLUHYLHQW IRLVGDQVO LQVFULSWLRQILJXUHQWDXVVLFHX[GH VHVFKHYDX[IDYRULVGRQWFHUWDLQVOXLRQWGRQQ«RXP¬PHSRXUO XQG HX[ YLFWRLUHVDLQVLTXHFHX[GHVHVULYDX[UDWWDFK«V¢VDSURSUHIDFWLRQRXDX[ DXWUHV «FXULHV $YLOLXV7HUHV 3RPSHLXV 0XVFORVXV 7KDOOXV HW )ODYLXV 6FRUSXVGHVYHGHWWHVELHQ FRQQXHVDLQVLTXH &RPPXQLV9HQXVWXV3RQWLXV (SDSKURGLWXV HW)RUWXQDWXV %LHQTX LOQ DLWMDPDLV IDLWSDUWLH GH ODIDFWLRQ EOHXH OH WH[WH U«YªOH Q«DQPRLQV TX LO UHPSRUWH  YLFWRLUHV HQ FRQFRXUDQW DX[F¶W« GHV%OHXV HW  DX[F¶W«V GHV EODQFVDG XHQHWXP XLFLW ;DG DOEDWXP XLFLW /;;;,VXJJ«UDQWO H[LVWHQFHG«M¢ GDQVODSUHPLªUHSDUWLH GX,OªPH VLª FOH G DOOLDQFHV HQWUH OHV FRXOHXUVHW ODIRUPDWLRQ GH GHX[SDLUHV GHIDFWLRQV XQIDLWFRQILUP« SDUO LFRQRJUDSKLH HWSDUOHVWDEOHWWHV G H[«FUDWLRQ /HV WUDQVIHUWV VHPEOHQW UHODWLYHPHQW IU«TXHQWV GDQV OH PLOLHX GX FLUTXH  FHUWDLQV FRFKHUV VRQW P¬PH SDVV«V VXFFHVVLYHPHQW GDQV FKDFXQH GHV TXDWUH IDFWLRQV FRPPH 0XVFORVXV ,HU,,ªPH V DSU -&

(76)  XQ DJLWDWRU G RULJLQH «WUXVTXH TXLSDVVHGHV%ODQFVDX[9HUWVSXLVDX[%OHXVDYDQWGHWHUPLQHUFKH] OHV 5RXJHVUHPSRUWDQW DX WRWDO  YLFWRLUHV 3 $HOLXV*XWWD &DOSXUQLXV  ‚WLWUH GH FRPSDUDLVRQOD IRUWXQH GH 6«QªTXH HVW «YDOX«H ¢  PLOOLRQV GH VHVWHUFHV 7DFLWH$QQDOHV 

(77) HW 3«WURQH6DWLULFRQFKRLVLW OHPRQWDQW GH PLOOLRQVGH VHV WHUFHV SRXUO «SLWDSKHTXHGDQV VRQLPDJLQDWLRQ7ULPDOFKLRQVRXKDLWDLW VH IDLUH JUDYHU/DV LWXDWLRQ SU«FLVH GHV UDSSRUWV ILQDQFLHUV TXHOHV FRFKHUV HQWUHWLHQQHQW DYHF OHV GRPLQL GHV IDF WLRQV UHVWH GLIILFLOH¢VDLVLU  PDLVODU«DFWLRQHWOHVSODLQWHVGHFHV GHUQLHUVVXLWH DX[DJLVVHPHQWV GX SªUH GH 1«URQTXLVL O RQHQFURLW 6X«WRQH1«URQ DXUDLWWULFK« VXUOHYHUVHPHQW GX VDODLUH PHUFHV

(78)  GHV FRFKHUVYDLQTXHXUVDORUVTX LO «WDLWSU«WHXUSRUWHQW ¢ FURLUHTXHOHV GRPLQL RQWXQ FHUWDLQLQW«U¬W¢ FHTXHOHV FRFKHUVUH©RLYHQW ELHQOHXU DUJHQW  VXUFHWWHTXHVWLRQ $ &DPHURQ&LUFXV)DFWLRQVFLW VXSUDQ S HW *+RUVPDQQ :DJHQOHQNHUFLW VXSUD Q S HWS /DIRUWXQH DFFXPXO«HSDUOHV DIIUDQFKLVUHWRPEH HQSDUWLH VXUOHGRPLQXVQRQ VHXOHPHQWORUV GH O DIIUDQFKLVVHPHQWPDLV P¬PHSDUOD VXLWHORUV GX G«FªV FRPPHO H[LJHOH FRQWUDW6L HOOHDWWHLQW OHPLOOLRQHWVLO DIIUDQFKLQ DTX XQHQIDQWOHSDWURQ HQUH©RLWODPRLWL« DX PRPHQWGX G«FªV V LOHQD GHX[OHSDWURQ HQ UH©RLWXQWLHUV  HQFDV GX G«FªVGX SDWURQ VHVHQIDQWVSHWLWVHQIDQWVHWDUULªUHSHWLWVHQIDQWV VRQWHQ GURLWGH SURILWHUGH FHW DUJHQW  ¢FH VXMHWYRLUSDUH[-$QGUHDXGDQV $*LDUGLQD/ KRPPH URPDLQ3DULVS   * +RUVPDQQ :DJHQOHQNHU FLW VXSUD Q  Qr  DYHF OHV QRPEUHXVHV U«I«UHQFHV «SLJUDSKLTXHV

(79)   * +RUVPDQQ :DJHQOHQNHU FLW VXSUD Q  Qr   SRXU XQ FRFKHU GX P¬PH QRP UHSU«VHQW« VXU GHV YHUUHV GDW«V GX HUV DSU-& * 6HQQHTXLHUHWDOLL/HV YHUUHVFLW VXSUD Q S SHWS   7KDOOXV &/9, ,/6

(80) HW)ODYLXV 6FRUSXV &/9,HW ,/6 HW

(81)  VRQWPHQWLRQQ«VSDU0DUWLDO SRXU6FRUSXVYRLUDXVVL 0DUWLDO          VXU FHV FRFKHUV  *+RUVPDQQ:DJHQOHQNHU FLWVXSUDQ Qr HW /HQRPGH 6FRUSXVILJXUHDXVVL VXUOH PRQXPHQWIXQ«UDLUH G XQ DIIUDQFKLLPS«ULDOG«FRU«G XQDXULJH  &/9,,/6  /HP¬PHFRFKHURXXQ KRPRQ\PHHVW FRQQXGDQV XQHLQVFULSWLRQIXQ«UDLUH GH 5RPH &/9, ,/6  $&DPHURQ&LUFXV)DFWLRQVFLWVXSUDQSHW*+RUVPDQQ:DJHQOHQNHU FLW VXSUD Q S  &/9,  ,/6  FH FRFKHUQ HVW SDVOHP¬PHTXHOH0XVFORVXVPHQWLRQQ« FLGHVVXV SDUPL OHV FRQFXUUHQWV GH 'LRFOªVTXLOXL D UHPSRUW« YLFWRLUHV  YRLU DXVVL * +RUVPDQQ:DJHQOHQNHU FLWVXSUDQ Qr .

(82) . -2&(/<1(1(/,6&/‹0(17. ,OªPHVDSU-&

(83) YDLQTXHXU GDQV GH QRPEUHXVHV FRXUVHV TXLFRQGXLW GHV FKHYDX[ FRQFRXUDQWSRXUODSUHPLªUHIRLVHWSUHQG SDUW¢ GHV FRXUVHVSHGLEXV DG TXDGULJDP RX OHV GHX[ IUªUHV 0$XUHOLXV 3RO\QLFHV 0DFDULXV HW 0 $XUHOLXV 0ROOLFLXV7DWLDQXV ILQ GX +ªPHG«EXW ,+ªPH V

(84)  G«M¢ YLFWRULHX[ HW  IRLV DX PRPHQWGHOHXUPRUWVXUYHQXH ¢O ¤JHGH  HW  DQV /HVHQWUD°QHXUVDXVVLSHXYHQW¬WUHWUDQVI«U«V G XQHIDFWLRQ ¢O DXWUHFRPPHOH PRQWUH O H[HPSOH G $XUHOLXV +HUDNOLGD DJLWDWRU GHV %OHXV GHYHQX GRFWRU RX HQWUD°QHXUGHFHWWHP¬PH IDFWLRQDYDQWG ¬WUHUHFUXW« FRPPHHQWUD°QHXUSDU OHV9HUWVVRLWO «FXULHIDYRULWHGHV HPSHUHXUVRXGXPRLQVG XQHSDUWLHG HQWUH HX[  %LHQTX LOV VRLHQWHPSOR\«V ¢F«O«EUHUOHVDQQLYHUVDLUHV HWOHVWULRPSKHV GH 5RPHHWGH VHV HPSHUHXUV HWTX LOVMRXLVVHQWG XQLPPHQVHSUHVWLJHVRFLDO OHV FRFKHUV HWO HQVHPEOHGHV VSRUWLIV HW DUWLVWHVLPSOLTX«V GDQV OH PRQGH GHV VSHFWDFOHV RFFXSHQWOH GHUQLHU«FKHORQGHODVRFL«W«FRPPHO DWWHVWHXQ WUDL W« DQRQ\PHGX9OªPHV S&LQWLWXO«Ͳͧͳ͡͵ͶͳͣͶͩͥͫͬ͠ʹGRQWO DXWHXULQVSL U« SDUOD VWUXFWXUH VRFLDOH GH &RQVWDQWLQRSOHV DSSOLTXH Q«DQPRLQV¢ G«FULUH ODVRFL«W«URPDLQHHQU«I«UHQFHDXSDVV«'DQVODS\UDPLGHVRFLDOHTX LOGHV VLQH OHV JHQVGX VSHFWDFOH VHVLWXHQWDXGHVVRXV GHV ͞͹ͳͩ͵ͶͱͫRXLQXWLOHV OHV MHXQHVOHVSHUVRQQHV¤J«HV HWOHVKDQGLFDS«V

(85) HX[P¬PHV LQI«ULHXUVDX[DUWL VDQV DX[HQVHLJQDQWV¢FHX[TXLH[HUFHQWGHVSURIHVVLRQVOLE«UDOHV¢FHX[TXL V RFFXSHQWGHVILQDQFHVSXEOLTXHVDX[MXJHVDX[FDGUHVGHO DGPLQLVWUDWLRQHW HQILQ DX FOHUJ« O HPSHUHXU «WDQW VLWX« DX VRPPHW &RPPH WRXV FHX[ TXL H[HUFHQWXQDUV,QGLHU¢OHVFRFKHUVVRQWIUDSS«VG LQIDPLHHWFRPPHOHV DXWUHV  &,/9, ,/6  &,/9,,/6  &/9,,/6DYHF*+RUVPDQQ:DJHQOHQNHU FLW VXSUDQ SQr ^DJLWDWRUHWGRFWRUIDFWLRQLV

(86)   SRXUG DXWUHV H[HPSOHV G HQWUD°QHXUVYRLULQIUD Q ,OHVW SRV VLEOH TXHO XQG HX[VRLWTXDOLIL«GH PDJLVWHUGDQVO LQVFULSWLRQG XQMHXQHFRFKHUG«F«G« &,/ 9,,,  FLW« Q 

(87) /HV9HUWV VRQW OHV IDYRULV GH &DOLJXODTXLPDQJH VRXYHQW GDQV OHXU «FXULH LO OXL DUULYH P¬PHG \ GRUPLU

(88)  GRQQH PLOOLRQV GH VHVWHUFHV ¢ <DJLWDWRU (XW\FKXV HW PRQWUH VD YLYH DIIHFWLRQ ¢ XQ FKHYDO QRPP« ,QFLWDWXV  6X«WRQH &DOLJXOD    YRLU DXVVL 1«URQ   F HVW HQ UHYDQFKH HQFRFKHUGHV %OHXV TXH&DUDFDOOD DSSDUD°W DX FLUTXH  'LRQ &DVVLXV  6XUOHV HPSHUHXUV E\]DQWLQV HWOHXUV IDFWLRQV  * 'DJURQ2UJDQLVDWLRQ FLW VXSUDQ S   6XUOHSUHVWLJH VRFLDOGHVFRFKHUV *+RUVPDQQ :DJHQOHQNHU FLW VXSUDQ S   $QRQ ͓ͧͳ͡ ͵ͶͳͣͶͩͥͫͬ͠ʹ  «G *7 'HQQLV 7UªV WUDFWDWXV %\]DQWLQL GH UH PLOLWDUL :DVKLQJWRQ S  FI $ &DPHURQ &LUFXV )DFWLRQV FLW VXSUD Q S  HW * +RUVPDQQ:DJHQOHQNHU FLW VXSUDQ SQ

(89)   'LJ 'HKLV TXL QRWDQWXULQIDPLD

(90)    ,QIDPLD QRWDWXU TXLDUWLV OXGLFUDHSURQXQWLDQGLXH FDXVD LQ VFDHQDPSURGLHULW 7HUWXOOLHQ /HV6SHFWDFOHV  TXDGULJDULRV H[HDGHP DUWH TXD PDJQLIDGXQWGHSRQXQWHWGHPLQXXQW LPPRPDQLIHVWH GDPQDQWLJQRPLQLD HWFDSLWLVPLQXWLRQH &HX[ TXLWRXWHIRLVVH SURGXLVHQW DX FRXUV GH FHUWDPLQDVDFUDVRLWORUV GHV ͣͥ΀ͯͧʹͫͧͳͱ͡QH VRQWSDV IUDSS«VGH FHWWHPHVXUH  'LJSU 8OSLHQ

(91)   DWKOHWDV DXWHP6DELQXV HW&DVVLXVUHVSRQGHUXQW RPQLQR DUWHP OXGLFUDPQRQIDFHUH (WJHQHUDOLWHULWDRPQHVRSLQDQWXU HWXWLOHXLGHWXU XW QHTXHWK\PHOLFL QHTXH[\VWLFLQHTXHDJLWDWRUHVQHHTXLDTXDPHTXLVVSDUJXQWFHWHUDTXHHRUXP PLQLVWHULDTXLFHUWDPLQLEXV VDFULV GHVHUXLXQW LJQRPLQLRVL KDEHDQWXU 6XUOD TXHVWLRQFRQWURYHUV«H GH O LQIDPLH GHV FRFKHUVHW VXUOHVFDV G H[HPSWLRQHQGHUQLHUOLHX  *+RUVPDQQ:DJHQOHQNHU FLWVXSUDQ SDUWS   HW .

(92) /HVP«WLHUVGXFLUTXHGH5RPH¢%\]DQFH. . PHUFHQDULL RXVDODUL«VOHVVFULEHVOHVP«GHFLQVOHV DUWLVDQVLOV VRQWO REMHWGX P«SULV GHV FODVVHV VXS«ULHXUHV TXLOHV DVVRFLHQW VRXYHQW ¢O LG«HGH G«EDXFKH HWGHG«SUDYDWLRQ7DFLWHSDUH[HPSOH VRXOLJQHO DSSDUWHQDQFHGHVFRFKHUV¢OD SOHEVIODJLWLRVDHW-XY«QDOV LQGLJQHDYHF0DUWLDOGXVXFFªVSRSXODLUHHWGHVIRU WXQHV DPDVV«HVSDUFHVYHGHWWHVPHWWDQWHQFRQWUDVWHODSDXYUHW«GHVSRªWHV HW GHVKRPPHVH[HU©DQWGHVSURIHVVLRQVOLE«UDOHVHWOHSHXG LQW«U¬WPDQLIHVW«SDU OH SHXSOHHQYHUVODSR«VLH 9HUVODILQ GX,OOªPHVDSU-&OHVFRFKHUVUHPSODFHQWSURJUHVVLYHPHQWOH GRPLQXV ¢ OD W¬WH GHV IDFWLRQV  F HVW GX PRLQV FH TXH VXJJªUHQW SOXVLHXUV LQVFULSWLRQV GRQW FHOOHV GDQV OHVTXHOOHV OH FRFKHUDIULFDLQ 0$XUHOLXV /LEHU DSSDUD°WVRXVOHGRXEOHWLWUH GHGRPLQXVHW DJLWDWRUIDFWLRQLV¢5RPHHW ¢ 7HDQXP R»OHV G«FXULRQV«OªYHQW XQH VWDWXHHQ VRQ KRQQHXUHQ PHQWLRQQDQW VD YLF WRLUH DX FRXUV GHMHX[GH <$JRQFDSLWROLQXV $XUHOLXV/LEHUGHYDLWVDQV GRXWH DVVXPHUGHVUHVSRQVDELOLW«V GHJHVWLRQDXVHLQGHODIDFWLRQOHWLWUH HW OHV IRQF WLRQV GH GRPLQXVG«SDVVDQWFHX[GX GRFWRURXHQWUD°QHXUGHVMHXQHVFRFKHUVGH OD IDFWLRQ 8QHDXWUH LQVFULSWLRQ PRQWUH TX HQ  DSU-&ODIDFWLRQ HVW GLULJ«HSDUXQDGPLQLVWUDWHXUXQLTXHTXLQ HVW DXWUH TX XQFRFKHUTXDOLIL« GH GRPLQXV HW DJLWDWRUIDFWLRQLV SRUWDQW OH WLWUH KRQRULILTXH GH VROXVIDFWLRQDULXV RE JORULD>ᒫ@ &HWWH «YROXWLRQV H[SOLTXH VDQV GRXWH SDUOH IDLW TXHOHV FKDUJHV OL«HV ¢O RUJDQLVDWLRQHWOD JHVWLRQILQDQFLªUH GHVMHX[GHFLUTXHGHYLHQQHQWVL ORXUGHV TXHOHVSULY«VSHLQHQWGHSOXVHQSOXV¢OHVDVVXPHU ‚O «SRTXHE\]DQW LQH OHWLWUHKRQRULILTXHGH͸ͣͬͶͫͱͯ͞ͳͫͱʹHVWDFFRUG«VHXOHPHQWDX[SUHPLHUV FRFKHUVGHFKDFXQH GHVGHX[IDFWLRQVSULQFLSDOHV GHO KLSSRGURPHODEOHXHHW OD YHUWH  GHVIDFWLRQDULLVH GLVWLQJXHQW DLQVL GHV PLFURSDQLWHV RXFRFKHUV FKHIV GHVIDFWLRQVDVVRFL«HVODEODQFKHHWODURXJHDLQVLTXHGHVDXWUHV FRFKHUV UHPS OD©DQWV UHJURXS«VXQLTXHPHQWHQ%OHXVHWHQ9HUWV‚FHWWH«SRTXHOHFRFKHU IDFWLRQDULXVQ DVVXPHSOXVGHUHVSRQVDELOLW«VDGPLQLVWUDWLYHV F HVW͆ͬ͞Ͷͱͷ͞ͳͫͱʹ TXLHVW¢ODW¬WH GXSHUVRQQHOGHO KLSSRGURPH GH &RQVWDQWLQRSOHFRPSRV« ¢ OD IRLV GH IRQFWLRQQDLUHV FKDUJ«V GX F«U«PRQLDO GDQV O HQWRXUDJH GH O HP SHUHXU HW GXSHUVRQQHOGHV FRXUVHVTXLF¶WRLH FHOXLGHVIDFWLRQV  )0GH 5REHUWLV/DYRURHODYRUDWRUL QHOPRQGRURPDQR%DUL S  7DFLWH+LVWRLUHV   HW$QQDOHV   -XY«QDO HW0DUWLDO TXL «YRTXHOHV  ERXUVHVG RUTXHOHFRFKHU6FRUSXVD JDJQ«HVHQXQHKHXUH  YRLU DXVVL 6+$ (ODJDEDO   LQSXURVKRPLQHVHWDXULJDVHWKLVWULRQHV 6+$(ODJDEDO(QJ«Q«UDOVXUO D WWLWXGH GHV «FULYDLQV ODWLQV HQYHUV OH FLUTXH HW OHV FRFKHUV  0:LVWUDQG (QWHUWDLQPHQW DQG 9LROHQFH LQ$QFLHQW5RPH7KHDWWLWXGHV RI5RPDQZULWHUVRIWKHILUVWFHQWXU\$ '*´WHERUJ  SHWS HW *+RUVPDQQ :DJHQOHQNHU FLWVXSUDͩ S  &,/9,,/6  0 DUFR

(93) $XUHOLR/LEHURSDWULHWPDJLVWUR HWVRFLRGRPLQR HW DJLWD WRUL IDFWLRQLVSUDVLQDH$XUHOLXV&DHFLOLXV 3LDQHWD 3URWRJHQHV RE,,, PLOLD

(94) SDOPDU XP

(95)  KRFGRQXP XRXLW QDWLRQH$IUL FD

(96)  *DUDPDQWL QLFDO *HQWLQLFD® 6RQRULJLQHDIULFDLQH HVWOD P¬PHTXH FHOOH GH VHV FKHYDX[ VL O RQ VRQJH DX QRPGHO XQG HX[*DUDPDQWXV  $(    0 DUFR

(97)  $XUHOLR /LEHURGRPLQR HWDJLWDWRULIDF WLRQLV

(98) SUDVLQ DH

(99)  NDSLWROLRQL FDH

(100) QDW LRQH

(101) $IHU 

(102) 7HDQHQVHV REP>HU LWD

(103)  HLXMV YRLUDXVVL*+RUVPDQQ:DJHQOHQNHU FLW VXSUDQ S Qr TXLVRXOLJQH S 

(104)  OH FDUDFWªUHJUHF GH FHVMHX[  &-/9,   ,/6  $ &DPHURQ&LUFXV )DFWLRQVFLW VXSUD QS HW S   VXU͆ͬ͞Ͷͱͷ͞ͳͫͱʹHWOH ͸ͣͬͶͫͱ ͯ͞ͳͫͱʹ FI$(¢5RPH,9HPHV

(105) -*DVFRX/HVLQVWLWXWLRQVFLW VXSUDQ S HW*'DJURQ2UJDQLVDWLRQ FLWVXSUDQ S .

(106) . -2&(/<1(1H/,6&O‹0(17. /HV DFRO\WHV GHV FRFKHUV  VSDUWRUHVHWKRUWDWRUHV 3OXVLHXUV SHUVRQQDJHV DSSDUDLVVHQW DX[ F¶W«V GHV FRFKHUV HW GHV FKHYDX[ G XQHP¬PHIDFWLRQGDQVO LPDJHULHGXFLUTXHVXUXQFHUWDLQQRPEUHGHEDV UHOLHIV RX VDUFRSKDJHV OH UHOLHIGH )ROLJQRSDUH[HPSOH FHOXL GLWH[/DWUDQ OHVVDUFRSKDJHV GX%ULWLVK0XVHXPGX=HQWUDOPXVHXPGH0D\HQFHRXFHX[ GX0XV«HGX9DWLFDQ 6DOD5RWRQGDD6DODGHOOD %LJD  HW 

(107)  HW GH PRVD±TXHVHQ SDUWLFXOLHUGDQV OHV SDYHPHQWV UHFWDQJXODLUHV D\DQW SRXUREMHW OHV FRXUVHV GH FKDU TXL SURYLHQQHQW GH GLII«UHQWHV U«JLRQV GH O HPSLUH  O (VSDJQH %DUFHORQHILJO%HOOOORFKSUªVGH*«URQHILJ,WDOLFD

(108) O ,WDOLHHW OD 6LFLOH 5DYHQQH3LD]]D$UPHULQD ILJ 

(109) OD *DXOH /\RQ ILJ 

(110) OD /LE\H 6LOLQILJ 

(111)  HWO $IULTXH 9ROXELOLV&DUWKDJH HW*DIVDILJ 

(112)  FHVPRVD±TXHV VH VLWXHQW J«Q«UDOHPHQW DXWRXU GHV ,+ªPH HW ,9ªPH V DYHF GHV OLPLWHV H[WU¬PHVHQWUH ODILQ GX ,OªPHSRXUOHVPRVD±TXHV GH&DUWKDJHHW/\RQHWOH 9OªPH V SRXU FHOOH GH *DIVD /D SOXSDUW GH FHV UHSU«VHQWDWLRQV LFRQR JUDSKLTXHV LOOXVWUHQWVLPXOWDQ«PHQWGLII«UHQWV PRPHQWVGHOD FRXUVH 3DUPLOHVSHUVRQQDJHVTXLQRXV LQW«UHVVHQWRQHQGLVWLQJXHGHX[DXPRLQV TXLIRQW«TXLSHDYHFOH FRFKHUHWTXLFRUUHVSRQGHQWELHQDX[WLWUHVG KRUWDWRU HWGH VSDUWRU RXVSDUVRU

(113)  PHQWLRQQ«V GDQV O LQVFULSWLRQGH OD IDFWLRQ«YRTX«H SOXVKDXW'DQVODPRVD±TXHGH%DUFHORQH ILJ Qr 

(114) ILJXUH HQEDV¢GURLWH XQ SHUVRQQDJHY¬WX G XQH WXQLTXH FRXUWH YHUW S¤OHFHLQWXU«H HW RUQ«HGH GHX[EDQGHV FRORU«HV GDQV OD ORQJXHXU XQH JHQRXLOOªUH DXWRXU GX JHQRX JDXFKHODMDPEHJDXFKHDYDQF«HVXUODSLVWHWUªVSURFKHGHVMDPEHVGXFKHYDO GHJDXFKHOHIXQDOLV'HOD PDLQ GURLWHOHY«HLO WLHQWXQHDPSKRUH HQWRXU«H GH SDLOOH VRQ EUDV JDXFKH WHQGX OD PDLQ RXYHUWH HQ VLJQH GH YLFWRLUH HQ GLUHFWLRQGX FKDU HWGX FRFKHUYLFWRULHX[KDELOO« G XQHWXQLTXH DX[P¬PH FRXOHXUV HW DJLWDQWVRQ IRXHWGHVDPDLQGURLWHHQ VLJQH GHYLFWRLUH/HSHU VRQQDJH HQ TXHVWLRQ HVW XQ VSDUWRU UHFRQQDLVVDEOH ¢ VRQ FRVWXPH WXQLTXH FRXUWH HWFHLQWXU«H GHODP¬PHFRXOHXUTXHFHOOH GHVD IDFWLRQJHQRXLOOªUH

(115)  HW¢ VHV DWWULEXWVXQH DPSKRUH FUXFKHRXFXYHWWH FRUWLQD

(116)  GDQV XQH PDLQ  GHO DXWUHOH VSDUWRUWLHQW VRXYHQWXQIRXHW 2QDXUDLWWRUW GHSHQVHUFRPPH FHODDSDUIRLV«W«GLWTXHOHVSDUWRUHVWUHVSRQVDEOHGHO DUURVDJHGHODSLVWHDILQ G HQ UDEDWWUH OD SRXVVLªUH$XFXQ GRFXPHQW QH VHPEOH DSSX\HU XQH WHOOH K\SRWKªVHP¬PH V LO HVWYUDL TXHOD SLVWHGX FLUTXH GRLW ¬WUH DUURV«H HWTXH OD FRXUVH HQWUD°QH IRUF«PHQW XQH OHY«H GH SRXVVLªUH  LO V DJLWO¢ WRXWHIRLV G XQHHQWUHSULVHGHJUDQGHHQYHUJXUHQ«FHVVLWDQWXQHDXWRULVDWLRQVS«FLDOHGH OD SDUW GHV «GLOHV HW GHV FHQVHXUV P¬PH OHVMRXUV R» RQW OLHX OHVMHX[ GX.  / HQVHPEOHGHFHWWH GRFXPHQWDWLRQLFRQRJUDSKLTXHHVW DFFHVVLEOHJU¤FH ¢O RXYUDJHGH- ++XPSKUH\ &LUFXVFLW VXSUDQ TXLHQRIIUHGH QRPEUHXVHV LOOXVWUDWLRQVDLQVLTXHGDQVOH FDWDORJXHSXEOL«SDU&KU/DQGHVFLW VXSUDQ   &/9,  ,,e  GDQV ODPHVXUH R»FHWWH LQVFULSWLRQ GH 5RPHFRQVWLWXHOD VHXOH DWWHVWDWLRQ GX WHUPHMHSU«IªUH FRQVHUYHUODIRUPH VSDUWRU FI2[I KDW 'LHW

(117) SOXW¶W TXH VSDUVRUFRQVWUXLW ¢ SDUWLU GX VXSLQ VSDUVXP (Q GHUQLHU OLHXVXU OHV VSDUWRUHV  -37KXLOOLHU m $JLWDWRURXVSDUVRU" ‚SURSRV G XQHF«OªEUHVWDWXH GH &DUWKDJH} &5$,S  DYHF ODELEOLRJUDSKLHHWGH QRPEUHXVHV LOOXVWUDWLRQV.

(118) /HVP«WLHUVGXFLUTXHGH5RPH¢%\]DQFH.  Qr. )LJ %DUFHORQH Qr. )LJ *«URQH Qr. )LJ3LD]]D$UPHULQD.

(119) ͪ. -2&(/<1(1(/,6&/‹0(17. FLUTXH XQDUURVDJHGHFHW\SH HVWVDQVUDSSRUWDYHFOHFRQWHQXG XQHSHWLWH DPSKRUHUHPSOLH GHO HDXSXLV«H GDQVOHVEDVVLQV GHO HXULSH /DIRQFWLRQGXVSDUWRUVHU«YªOHDVVH] FODLUHPHQW ¢ODOXPLªUH GXSDVVDJH GX 'LJHVWH G«M¢PHQWLRQQ« R»LO HVW SU«FLV« TXH GDQV OHVMHX[VDFU«V FHX[TXL H[HUFHQW OD IRQFWLRQ RXOH P«WLHU G DUURVHU OHV FKHYDX[ QH VRQW SDV IUDSS«V G LJQRPLQLHSDV SOXV TXHOHV DWKOªWHV HW OHV DJLWDWRUHV/H VSDUWRU HVW FKDUJ« SHQGDQW OD FRXUVH GHMHWHU VSDUJHUH

(120)  GH O HDX¢ OD W¬WH GHV FKHYDX[SRXUOHV UDIUD°FKLUDILQ G «YLWHU TX LOV QH V HVVRXIIOHQW WRXVVHQW HW V «WRXIIHQW VRXV OHV HIIHWVGHO «FXPHSURGXLWHSDUO HIIRUWG«SOR\«GXUDQWODORQJXHGLVWDQFHGHOD FRXUVH F HVW SHXW¬WUHFHWWH «FXPHTXLDGRQQ«VRQQRPDXFKHYDODIULFDLQ 0XFFRVXV/HV DIIOLFWLRQV FDXV«HV SDUOH JDORS HWODSRXVVLªUHGRQWVRXIIUHQW VRXYHQWOHVFKHYDX[GHFRXUVHIRQWGXUHVWHO REMHWGHIU«TXHQWHVREVHUYDWLRQV GDQVOHV«FULWVGH 3HJDORQLXV ILQ ,9ªPHVDSU-&

(121) O DXWHXUG XQWUDLW« GHV WLQ« DX[Y«W«ULQDLUHV HW DX[SURSUL«WDLUHV G «FXULHV 4XHOTXHVFKLIIUHV SHU PHWWHQW GHVHIDLUHXQHLG«HGHO HIIRUWHQFRXUX  RQHVWLPHSDUH[HPSOH TXH GDQV OH &LUFXV 0D[LPXVOD FRXUVH VRLW OHV VHSW WRXUV GH SLVWH FRUUHVSRQG ¢ TXHOTXHPªWUHVVRLW¢XQHGXU«HGHPLQXWHVHW VHFRQGHVSRXUXQH YLWHVVH PR\HQQH GH NPK/HV FKHYDX[ WUDQVSLUHQWVRXVO HIIRUWSHQGDQW OHVFRXUVHVFRPPHO LOOXVWUHELHQODGHVFULSWLRQGHVJRXWWHVGHODVXGRUGHO DX ULJHHWGH VHVFKHYDX[GDQV XQSDVVDJHGH6LGRLQH$SROOLQDLUH R»LOG«FULWXQH FRXUVH GH FKDU/HELHQIDLW UHVVHQWLSDUOHVFKHYDX[ DVSLUDQWODSRXVVLªUH HQ SOHLQ PLGLGDQVOHXUUHVSLUDWLRQFRXUWH HWYLROHQWHORUVTX RQOHVUDIUD°FKLWHQ OHXUMHWDQW GH O HDX ͦ͢ͻͳ Ͷ;͡ʹ ͵Ͷ;ͮͣ͵ͫͲͳͱ͵͹ͷͪͯ͟ HVW «YRTX« SDU VDLQW %DVLOHDX G«EXW G XQHGHVHV OHWWUHV /HV SHUIRUPDQFHV GHV VSDUWRUHV VXUODSLVWH OHXUV JHVWHV HQYXH GH VWLPXOHU RX GHIUHLQHU O «ODQGHV FKHYDX[DX[YLUDJHV HW¢ODILQ GHOD FRXUVHFRPPH RQOH YRLWSDUH[HPSOHVXUODPRVD±TXHGH *«URQHQ«FHVVLWHQW TX LOV FRQQDLV VHQW ELHQ OHV FRXUVLHUV GH OHXU«TXLSDJHDILQ G «YLWHU TXHFHX[FL QH VRLHQW WURS HIIUD\«V SDUOHXUV LQWHUYHQWLRQV&LWRQV ¢ FH SURSRVOH VSDUWRUUHSU«VHQW « VXU OD PRVD±TXH GH *«URQH GHYDQW OH TXDGULJH GH )LORURPXV O DPSKRUH  )URQWLQ'H$TXLV   O «YRFDWLRQGH ODSRXVVLªUHFRPPHLPDJH SR«WLTXH  2YLGH $PRXUV  -XY«QDO   HW  SRPSD

(122)   6LGRLQH$SROOLQDLUH    6WDFH 7K«ED±GH  'LJ  FLW« VXSUDQ

(123)   .0''XQEDELQ7KH0RVDLFVRI5RPDQ1RUWK$IULFD 6WXGLHVLQ ,FRQRJUDSK\DQG3DWURQDJH 2[IRUGS Q  -1$GDPV3HODJRQLXVFLW VXSUD QS HW   -H P DSSXLHVXUOHVFDOFXOVGH PDFROOªJXH)DEULFLD)DXTXHW $XVRQLXV

(124) TXLYLHQWGH U«GL JHUXQHWKªVH VXU O DUFKLWHFWXUH GX FLUTXHVRXVOD GLUHFWLRQGH-&*ROYLQLQWLWXO«H /HFLUTXH URPDLQ (VVDLGHWK«RULVDWLRQ GHVDIRUPHHW GHVHVIRQFWLRQVS OHV GRQQ«HVHVWLP«HV YDUL HQWVHORQOHV FLUTXHVSDU H[ GDQV OHFLUTXHGH 0D[HQFH   P HW     $QWLRFKH   P HW    9LHQQH *DXOH

(125)    P HW    0HULGD   P HW   RX %RXLOODH P HW    6LGRLQH $SROOLQDLUH &DUPHQ    SDVVLP HW GHFLGXLV LQ DQWD JXWWLV  UHWRUXP DOLSHGXPTXHVXGRULEDW  %DVLOH/HWWUHV DX[&KDOFLGLHQV

(126)   6XUOHFRPSRUWHPHQWHWOHV U«DFWLRQVGHV FKHYDX[HQ SDUWLFXOLHU DX FRXUV GHVMHX[YRLU SDUH[$+\ODQG7KH+RUVHLQWKH5RPDQ:RUOG/RQGUHVS.

(127) /HVP«WLHUVGXFLUTXHGH5RPH¢%\]DQFH. . VRXVOHEUDV JDXFKHODPDLQ GURLWHOHY«HVLJQDODQWDX[FKHYDX[GH VDIDFWLRQ GHV DUU¬WHU¢ OD VXLWH GHODYLFWRLUH GX TXDGULJHGH &DOLPRUIXV / DIIHFWLRQ GX VSDUWRU SRXU OHV FKHYDX[ GH VRQ «FXULH V REVHUYH GDQV OD 0RVD±TXH GX 3DOD]]R0DVVLPLR»RQOH YRLWXQH DPSKRUH GDQVVDPDLQ GURLWHHQWUDLQGH FDUHVVHU OHIXQDOLV GX TXDGULJH YDLQTXHXU /HV VSDUWRUHV DSSDUWLHQQHQW DX PRQGH«TXHVWUHHWLOVHPEOH P¬PHTX LOV VRLHQWLVVXVGXPLOLHX GHVDXULJHV /HV GDQJHUV TX LOV HQFRXUHQWVRQW LOOXVWU«V GDQV FHUWDLQHV UHSU«VHQWDWLRQV R» RQOHVYRLWVH IDLUHSL«WLQHUSDUOHVSLHGVGHV FKHYDX[ SDUOHXUVSURXHVVHVFHV DFRO\WHVGHV FRFKHUV FKHUFKHQW¢DMRXWHUGXSLTXDQW ¢ODFRXUVHHQ SDUWLFXOL HU ORUVTX LOVVHMHWWHQW DX[SLHGVGHV FKHYDX[ 3HXW¬WUH FHUWDLQV VSDUWRUHVWHQ WHQWLOV G HIIUD\HUOHV FKHYDX[GHV «TXLSHV DGYHUVHVHVS«UDQWDLQVLOHV UHWDUGHU RXSURYRTXHUOHXUQDXIUDJH"6LJQDORQV¢FHSURSRVXQH VFªQHGHODPRVD±TXH GH 6LOLQR»O RQYRLWGHX[VSDUWRUHVHQWUDLQ GHVHEDJDUUHUVXUODSLVWH JDXFKH GX FLUTXHQRQORLQ GHV GHX[FRPSWHWRXUV 6DQVDWWHLQGUHOD UHQRPP«HGHV FRFKHUV DXFXQVSDUWRUQH VRUWGHO DQRQ\PDWPLV ¢SDUW OH 1LFHSKRUXVGHOD OLVWH GH5RPHm FHOXLTXLDSSRUWHODYLFWRLUH }

Références

Documents relatifs

Compétence : identifier un personnage, comparer des lettres, écrire un mot en lettres mobiles. Consigne : entoure le loup, colle les lettres de LOUP dans le

Médaille d’Or au Concours Général Agricole de Paris 2020 Gold Medal Concours Général Agricole de Paris 2020.. 91 pts - International

/HVSULPHVG¶H[SDWULDWLRQGHYUDLHQWYLVHUODVDWLVIDFWLRQGXSHUVRQQHOHWGHYUDLHQWrWUHDFFUXHVHWQRQ

Agence de l’Eau Artois-Picardie ; Espèces animales et végétales susceptibles de proliférer dans les milieux aquatiques et subaquatiques ; 2001-2002 ; 168p. Agence de

En bouche ce vin exprime des notes de cassis crémeux, de mûre éclatante et plus légèrement de bleuet associées à des touches de myrtille éclatante, de petites baies

Médaille d’Argent au Decanter World Wine Awards 2012 Silver Medal Decanter World Wine Awards 2012. « Opulent aromas of ripe fruit and

the integral converges; thus the modified condition of Theorem 3 is fulfilled.. BRELOT, Minorantes sous-harmeniques, extr6males et

• Rappeler la relation définissant la position du centre dʼinertie dʼun système de plusieurs masses ponctuelles m i.. • Calculer la position du centre dʼinertie