E812`JGV`GS/cppl!!Qbhf!31!!Npoebz-!Bvhvtu!38-!3118!!2;48!QN
,QIRUPDWLRQV VXU OD VpFXULWp
8WLOLVH] XQLTXHPHQW O¶DOLPHQWDWLRQ pOHFWULTXH GH OD JDPPH '
DOLPHQWDWLRQ pOHFWULTXH SRXUUDLW DQQXOHU OD JDUDQWLH HW HQGRPPDJHU OH WpOpSKRQH
8WLOLVH] XQLTXHPHQW OHV EDWWHULHV UHFKDUJHDEOHV IRXUQLHV
1¶RXYUH] SDV OH FRPELQp VDXI SRXU UHPSODFHU OHV EDWWHULHV RX OD EDVH &HFL SRXUUDLW YRXV
H[SRVHU j GHV FKRFV pOHFWULTXHV RX DXWUHV ULVTXHV
/HV RQGHV UDGLR HQWUH OH FRPELQp HW OD EDVH SHXYHQW SURYRTXHU GHV LQWHUIpUHQFHV VXU OHV
SURWKqVHV DXGLWLYHV
,O HVW UHFRPPDQGp GH GHPDQGHU OHV FRQVHLOV G¶XQ H[SHUW TXDOLILp DYDQW G¶XWLOLVHU FH SURGXLW DX
YRLVLQDJH G¶pTXLSHPHQWV PpGLFDX[ G¶XUJHQFH RX GH VRLQV LQWHQVLIV
6L YRXV SRUWH] XQ VLPXODWHXU FDUGLDTXH LO YRXV HVW UHFRPPDQGp GH GHPDQGHU OHV FRQVHLOV
G¶XQ VSpFLDOLVWH DYDQW G¶XWLOLVHU FH SURGXLW
9RWUH SURGXLW SHXW SURYRTXHU GHV LQWHUIpUHQFHV DYHF G¶DXWUHV DSSDUHLOV pOHFWULTXHV WHOV TXH
SRVWHV GH UDGLR HW WpOpYLVLRQ KRUORJHV UpYHLOV HW RUGLQDWHXUV V¶LO HVW SODFp WURS SUqV GH FHX[ FL
1RXV YRXV UHFRPPDQGRQV GH SODFHU YRWUH SURGXLW j DX PRLQV XQ PqWUH GH WHOV DSSDUHLOV DILQ
G¶pYLWHU WRXW ULVTXH G¶LQWHUIpUHQFH
1H MHWH] MDPDLV OHV EDWWHULHV GDQV OH IHX ,O H[LVWH XQ VpULHX[ ULVTXH G¶H[SORVLRQ HW RX
G¶pPLVVLRQ GH VXEVWDQFHV FKLPLTXHV WUqV WR[LTXHV
1HWWR\DJH
1HWWR\H] OH FRPELQp HW OD EDVH RX OH FKDUJHXU DYHF XQ FKLIIRQ KXPLGH RX XQ OLQJH
DQWLVWDWLTXH
1¶XWLOLVH] MDPDLV GH SURGXLWV GH QHWWR\DJH GRPHVWLTXHV FHFL SRXUUDLW DEvPHU O¶DSSDUHLO
1¶XWLOLVH] MDPDLV XQ FKLIIRQ FHFL FHFL SRXUUDLW SURYRTXHU XQH GpFKDUJH G¶pOHFWULFLWp VWDWLTXH
(QYLURQQHPHQW
1¶H[SRVH] MDPDLV OH SURGXLW GLUHFWHPHQW DX VROHLO
/H FRPELQp SHXW FKDXIIHU SHQGDQW OD FKDUJH GHV EDWWHULHV RX DSUqV XQH ORQJXH XWLOLVDWLRQ &HFL
HVW QRUPDO 1pDQPRLQV QRXV YRXV UHFRPPDQGRQV GH QH SDV SRVHU O¶DSSDUHLO VXU XQ PHXEOH
DQFLHQ RX YHUQLV
1H SRVH] SDV YRWUH DSSDUHLO VXU XQ WDSLV RX DXWUH PDWpULDX SRXYDQW UHOkFKHU GHV ILEUHV HW
DVVXUH] YRXV TXH O¶DLU FLUFXOH OLEUHPHQW VXU WRXWHV VHV IDFHV
1¶LPPHUJH] SDV YRWUH SURGXLW HW QH O¶XWLOLVH] SDV GDQV GHV HQGURLWV KXPLGHV WHOV TXH VDOOHV GH
EDLQV
1¶H[SRVH] SDV YRWUH SURGXLW DX IHX DX[ VXEVWDQFHV H[SORVLYHV RX j WRXW DXWUH HQYLURQQHPHQW
GDQJHUHX[
9RWUH WpOpSKRQH SHXW pYHQWXHOOHPHQW rWUH HQGRPPDJp SDU OD IRXGUH 1RXV YRXV UHFRPPDQGRQV
GH GpEUDQFKHU O¶DOLPHQWDWLRQ pOHFWULTXH HW OH FRUGRQ WpOpSKRQLTXH SHQGDQW XQ RUDJH
,QVWUXFWLRQV UHODWLYHV j O¶pOLPLQDWLRQ GHV SURGXLWV
XVDJpV
/H V\PEROH PRQWUp LFL HW VXU OH SURGXLW VLJQLILH TXH FHOXL FL HVW FODVVp FRPPH
pTXLSHPHQW pOHFWULTXH RX pOHFWURQLTXH HW QH GRLW SDV rWUH pOLPLQp DYHF OHV GpFKHWV
GRPHVWLTXHV RX LQGXVWULHOV j OD ILQ GH VRQ F\FOH GH YLH
/D GLUHFWLYH
eOHFWURQLTXHV '((( D pWp PLVH HQ SODFH DILQ G DVVXUHU TXH OHV SURGXLWV VRLHQW
UHF\FOpV HQ XWLOLVDQW OHV PHLOOHXUHV WHFKQLTXHV GLVSRQLEOHV GH WUDLWHPHQW GH
YDORULVDWLRQ HW GH UHF\FODJH HW DLQVL FRQFRXULU j OD SURWHFWLRQ GH O HQYLURQQHPHQW HW GH OD VDQWp
KXPDLQH HW j OD UpGXFWLRQ GHV GpFKDUJHV
/¶XWLOLVDWLRQ GH WRXWH DXWUH
/RUVTXH YRXV Q¶DYH] SOXV EHVRLQ GH YRWUH SURGXLW HQOHYH] OHV EDWWHULHV HW pOLPLQH] OHV DLQVL TXH
OH SURGXLW OXL PrPH FRQIRUPpPHQW j OD UqJOHPHQWDWLRQ ORFDOH 3RXU SOXV G¶LQIRUPDWLRQV FRQWDFWH]
OHV DXWRULWpV ORFDOHV RX YRWUH GpWDLOODQW
/HV FRPPHUFHV HW LQGXVWULHV GRLYHQW FRQWDFWHU OHXUV IRXUQLVVHXUV HW YpULILHU OHV WHUPHV HW
FRQGLWLRQV GH OHXU FRQWUDW G DFKDW DILQ GH V DVVXUHU TXH FH SURGXLW Q HVW SDV PpODQJp j G DXWUHV
GpFKHWV LQGXVWULHOV
,QIRUPDWLRQV GH JDUDQWLH
/H FRQFHVVLRQQDLUH RX GpWDLOODQW DJUpp 0RWRUROD TXL YRXV D YHQGX OH SURGXLW V¶HQJDJH j UHVSHFWHU
OH FRQWUDW GH JDUDQWLH GX SURGXLW
9HXLOOH] UDSSRUWHU YRWUH DSSDUHLO j YRWUH FRQFHVVLRQQDLUH RX GpWDLOODQW SRXU EpQpILFLHU GH FHWWH
JDUDQWLH 1H UHQYR\H] SDV YRWUH SURGXLW j 0RWRUROD 3RXU SRXYRLU EpQpILFLHU GH OD JDUDQWLH YRXV
GHYUH] SUpVHQWHU OD IDFWXUH RX WRXWH DXWUH SUHXYH G¶DFKDW GDWpH /H QXPpUR GH VpULH GRLW DXVVL
rWUH FODLUHPHQW YLVLEOH VXU O¶DSSDUHLO /D JDUDQWLH VHUD QXOOH VL OH W\SH RX OH QXPpUR GH VpULH GX
SURGXLW RQW pWp DOWpUpV HIIDFpV HQOHYpV RX VRQW LOOLVLEOHV
'pIHFWXRVLWpV RX GRPPDJHV UpVXOWDQW G¶XQ XVDJH DQRUPDO RX DEXVLI GX SURGXLW RX GX QRQ
UHVSHFW GHV LQVWUXFWLRQV GX PDQXHO G¶XWLOLVDWLRQ
'pIHFWXRVLWpV RX GRPPDJHV UpVXOWDQW G¶XQ XVDJH GpWRXUQp G¶XQ DFFLGHQW RX GH QpJOLJHQFH
'pIHFWXRVLWpV RX GRPPDJHV UpVXOWDQW GH O¶HVVDL GH O¶XWLOLVDWLRQ GX UpJODJH GH O¶HQWUHWLHQ RX
GH WRXWH DOWpUDWLRQ RX PRGLILFDWLRQ GH TXHOTXH PDQLqUH TXH FH VRLW
'RPPDJHV DX[ DQWHQQHV VDXI VL FHX[ FL VRQW FDXVpV SDU GHV GpIHFWXRVLWpV GH PDWpULHO RX GH
IDEULFDWLRQ
3URGXLWV GpPRQWpV RX UpSDUpV DYHF SRXU FRQVpTXHQFH XQH GLPLQXWLRQ GHV SHUIRUPDQFHV RX
O¶LPSRVVLELOLWp G¶LQVSHFWHU RX G¶HVVD\HU OH SURGXLW DX[ ILQV GH YpULILFDWLRQ GH OD GHPDQGH
G¶DSSOLFDWLRQ GH OD JDUDQWLH
'pIHFWXRVLWpV RX GRPPDJHV UpVXOWDQW GH OD SRUWpH
'pIHFWXRVLWpV RX GRPPDJHV UpVXOWDQW GH O¶KXPLGLWp RX G¶pFODERXVVXUHV
7RXWHV VXUIDFHV SODVWLTXHV HW SDUWLHV H[WHUQHV UD\pHV RX HQGRPPDJpHV VXLWH j XQH XWLOLVDWLRQ
QRUPDOH
&( FRQFHUQDQW OHV 'pFKHWV G eTXLSHPHQWV eOHFWULTXHV HW
,QIRUPDWLRQ JpQpUDOHV