%8//(7,12)),&,(/ 1ƒ±NDDGD  $UWLFOH $UWLFOH /H  SUHVWDWDLUH GH VHUYLFHV GH FHUWLILFDWLRQ GH VLJQDWXUH pOHFWURQLTXHTXLpPHWGpOLYUHHWJqUHOHVFHUWLILFDWVpOHFWURQLTXHV LQIRUPHO¶DGPLQLVWUDWLRQjO¶DYDQFHGDQVXQGpODLPD[LPXPGH GHX[PRLVGHVDYRORQWpGHPHWWUHILQjVHVDFWLYLWpV /RUVTX¶XQFHUWLILFDWpOHFWURQLTXHHVWDUULYpjpFKpDQFHRXD pWp UpYRTXp VRQ WLWXODLUH QH SHXW SOXV XWLOLVHU OHV GRQQpHV DIIpUHQWHVjODFUpDWLRQGHVLJQDWXUHFRUUHVSRQGDQWHVSRXUVLJQHU RXIDLUHFHUWLILHUFHVGRQQpHVSDUXQDXWUHSUHVWDWDLUHGHVHUYLFHV GHFHUWLILFDWLRQpOHFWURQLTXH $XTXHOFDVLOGRLWV¶DVVXUHUGHODUHSULVHGHFHOOHVFLSDUXQ SUHVWDWDLUHGHVHUYLFHGHFHUWLILFDWLRQpOHFWURQLTXHJDUDQWLVVDQWXQ PrPH QLYHDX GH TXDOLWp HW GH VpFXULWp RX j GpIDXW UpYRTXH OHV FHUWLILFDWVGDQVXQGpODLPD[LPXPGHGHX[PRLVDSUqVHQDYRLU DYHUWLOHVWLWXODLUHV ,O LQIRUPH pJDOHPHQW O¶DXWRULWp QDWLRQDOH VDQV GpODL GH O¶DUUrWGHVHVDFWLYLWpVHQFDVGHOLTXLGDWLRQMXGLFLDLUH $UWLFOH /HV SUHVWDWDLUHV GH VHUYLFHV GH FHUWLILFDWLRQ pOHFWURQLTXH VRQW DVWUHLQWV SRXU HX[PrPHV HW SRXU OHXUV HPSOR\pV DX UHVSHFWGXVHFUHWSURIHVVLRQQHOVRXVSHLQHGHVVDQFWLRQVSUpYXHV SDUODOpJLVODWLRQHQYLJXHXU ,OVVRQWUHVSRQVDEOHVGDQVOHVWHUPHVGXGURLWFRPPXQGH OHXU QpJOLJHQFH LPSpULWLH RX LQVXIILVDQFH SURIHVVLRQQHOOH WDQW YLVjYLVGHOHXUVFRFRQWUDFWDQWVTXHGHVWLHUV /HV SUHVWDWDLUHV GH VHUYLFHV GH FHUWLILFDWLRQ pOHFWURQLTXH GRLYHQW FRQVHUYHU OHV GRQQpHV GH FUpDWLRQ GX FHUWLILFDW HW VRQW WHQXV VXU RUGUH GX 3URFXUHXU GX 5RL GH OHV FRPPXQLTXHU DX[ DXWRULWpV MXGLFLDLUHV HW FH GDQV OHV FRQGLWLRQV SUpYXHV SDU OD OpJLVODWLRQHQYLJXHXU'DQVFHFDVHWQRQREVWDQWWRXWHGLVSRVLWLRQ OpJLVODWLYH FRQWUDLUH OHV SUHVWDWDLUHV GH VHUYLFHV GH FHUWLILFDWLRQ pOHFWURQLTXHHQLQIRUPHQWVDQVGpODLOHVXWLOLVDWHXUVFRQFHUQpV /¶REOLJDWLRQ GH VHFUHW SURIHVVLRQQHO YLVpH DX SUHPLHU DOLQpDFLGHVVXVQ¶HVWSDVDSSOLFDEOH ±jO¶pJDUGGHVDXWRULWpVDGPLQLVWUDWLYHVG€PHQWKDELOLWpHV FRQIRUPpPHQWjODOpJLVODWLRQHQYLJXHXU ±j O¶pJDUG GHV DJHQWV HW H[SHUWV GH O¶$XWRULWp QDWLRQDOH HW DJHQWV HW RIILFLHUV YLVpV j O¶DUWLFOH  FLGHVVRXV GDQV O¶H[HUFLFHGHVSRXYRLUVSUpYXVDX[DUWLFOHVHWGHOD SUpVHQWHORL ±VL OH WLWXODLUH GH OD VLJQDWXUH pOHFWURQLTXH D FRQVHQWL j OD SXEOLFDWLRQ RX j OD FRPPXQLFDWLRQ GHV UHQVHLJQHPHQWV IRXUQLV DX SUHVWDWDLUH GH VHUYLFHV GH FHUWLILFDWLRQ pOHFWURQLTXH 6HFWLRQ±'HO¶REOLJDWLRQGXWLWXODLUH GHFHUWLILFDWpOHFWURQLTXH $UWLFOH 'qV OH PRPHQW GH OD FUpDWLRQ GHV GRQQpHV DIIpUHQWHV j OD FUpDWLRQ GH VLJQDWXUH OH WLWXODLUH GX FHUWLILFDW pOHFWURQLTXH HVW VHXOUHVSRQVDEOHGHODFRQILGHQWLDOLWpHWGHO¶LQWpJULWpGHVGRQQpHV DIIpUHQWHVjODFUpDWLRQGHVLJQDWXUHTX¶LOXWLOLVH7RXWHXWLOLVDWLRQ GHFHOOHVFLHVWUpSXWpHVDXISUHXYHFRQWUDLUHrWUHVRQIDLW $UWLFOH /H WLWXODLUH GX FHUWLILFDW pOHFWURQLTXH HVW WHQX GDQV OHV PHLOOHXUVGpODLVGHQRWLILHUDXSUHVWDWDLUHGHVHUYLFHVGHFHUWLILFDWLRQ WRXWHPRGLILFDWLRQGHVLQIRUPDWLRQVFRQWHQXHVGDQVFHOXLFL $UWLFOH (QFDVGHGRXWHTXDQWDXPDLQWLHQGHODFRQILGHQWLDOLWpGHV GRQQpHV DIIpUHQWHV j OD FUpDWLRQ GH VLJQDWXUH RX GH SHUWH GH FRQIRUPLWp j OD UpDOLWp GHV LQIRUPDWLRQV FRQWHQXHV GDQV OH FHUWLILFDW VRQ WLWXODLUH HVW WHQX GH  OH IDLUH UpYRTXHU LPPpGLDWHPHQW FRQIRUPpPHQW DX[ GLVSRVLWLRQV GH  O¶DUWLFOH  GHODSUpVHQWHORL &KDSLWUH,,, 'HVVDQFWLRQVGHVPHVXUHVSUpYHQWLYHV HWGHODFRQVWDWDWLRQGHVLQIUDFWLRQV $UWLFOH (VW SXQL G¶XQH DPHQGH GH  j  '+ HW G¶XQ HPSULVRQQHPHQWGHWURLVPRLVjXQDQTXLFRQTXHDXUDIRXUQLGHV SUHVWDWLRQVGHVHUYLFHVGHFHUWLILFDWLRQpOHFWURQLTXHVpFXULVpHVDQV rWUHDJUppGDQVOHVFRQGLWLRQVSUpYXHVjO¶DUWLFOHFLGHVVXVRX DXUD FRQWLQXp  VRQ DFWLYLWp PDOJUp  OH UHWUDLW GH VRQ DJUpPHQW RX DXUDpPLVGpOLYUpRXJpUpGHVFHUWLILFDWVpOHFWURQLTXHVVpFXULVpVHQ YLRODWLRQGHVGLVSRVLWLRQVGHO¶DUWLFOHFLGHVVXV $UWLFOH 6DQV SUpMXGLFH GH GLVSRVLWLRQV SpQDOHV SOXV VpYqUHV HVW SXQLG¶XQHPSULVRQQHPHQWG¶XQPRLVjVL[PRLVHWG¶XQHDPHQGH GH  '+ j  '+ TXLFRQTXH GLYXOJXH LQFLWH RX SDUWLFLSHjGLYXOJXHUOHVLQIRUPDWLRQVTXLOXLVRQWFRQILpHVGDQV OHFDGUHGHO¶H[HUFLFHGHVHVDFWLYLWpVRXIRQFWLRQV 7RXWHIRLV OHV GLVSRVLWLRQV GX SUpVHQW DUWLFOH QH VRQW SDV DSSOLFDEOHVjODSXEOLFDWLRQRXjODFRPPXQLFDWLRQDXWRULVpHSDU pFULWVXUVXSSRUWSDSLHURXSDUYRLHpOHFWURQLTXHSDUOHWLWXODLUH GX FHUWLILFDW pOHFWURQLTXH RX j OD SXEOLFDWLRQ RX j OD FRPPXQLFDWLRQDXWRULVpHSDUODOpJLVODWLRQHQYLJXHXU $UWLFOH 6DQV SUpMXGLFH GH GLVSRVLWLRQV SpQDOHV SOXV VpYqUHV HVW SXQL G¶XQ HPSULVRQQHPHQW G¶XQ DQ j FLQT DQV HW G¶XQH DPHQGH GH  '+ j  '+ TXLFRQTXH D IDLW VFLHPPHQW GH IDXVVHVGpFODUDWLRQVRXUHPLVGHIDX[GRFXPHQWVDXSUHVWDWDLUHGH VHUYLFHVGHFHUWLILFDWLRQpOHFWURQLTXH $UWLFOH (VW  SXQL G¶XQ DQ G¶HPSULVRQQHPHQW HW G¶XQH DPHQGH GH '+TXLFRQTXHDXUDLPSRUWpH[SRUWpIRXUQLH[SORLWpRX XWLOLVpO¶XQGHVPR\HQVRXXQHSUHVWDWLRQGHFU\SWRJUDSKLHVDQVOD GpFODUDWLRQRXO¶DXWRULVDWLRQH[LJpHDX[DUWLFOHVHWFLGHVVXV /H WULEXQDO SRXUUD HQ RXWUH SURQRQFHU OD FRQILVFDWLRQ GHV PR\HQVGHFU\SWRJUDSKLHFRQFHUQpV $UWLFOH /RUVTX¶XQ PR\HQ GH FU\SWRJUDSKLH DX VHQV GH O¶DUWLFOH  FLGHVVXV D pWp XWLOLVp SRXU SUpSDUHU RX FRPPHWWUH XQ FULPH RX XQGpOLWRXSRXUHQIDFLOLWHUODSUpSDUDWLRQRXODFRPPLVVLRQOH PD[LPXP GH OD SHLQH SULYDWLYH GH OLEHUWp HQFRXUXH HVW UHOHYp DLQVLTX¶LOVXLW ±LO HVW SRUWp j OD UpFOXVLRQ FULPLQHOOH j SHUSpWXLWp ORUVTXH O¶LQIUDFWLRQHVWSXQLHGHWUHQWHDQVGHUpFOXVLRQFULPLQHOOH ±LO HVW SRUWp j WUHQWH DQV GH UpFOXVLRQ FULPLQHOOH ORUVTXH O¶LQIUDFWLRQHVWSXQLHGHYLQJWDQVGHUpFOXVLRQFULPLQHOOH ±LO HVW SRUWp j YLQJW DQV GH UpFOXVLRQ FULPLQHOOH ORUVTXH O¶LQIUDFWLRQ HVW SXQLH GH TXLQ]H DQV  GH UpFOXVLRQ FULPLQHOOH ±LO HVW SRUWp j TXLQ]H DQV GH UpFOXVLRQ FULPLQHOOH ORUVTXH O¶LQIUDFWLRQHVWSXQLHGHGL[DQVGHUpFOXVLRQFULPLQHOOH

Select target paragraph3