Loi n° 2005-17 du 1er mars 2005, relative aux métaux précieux
Made 2005-03-01 · Text as of 2026-10-01
Public law and official guidance, published as research. Not legal, tax or financial advice.
About this law
- Language
- French
- Kind
- Act
- Organisation
- European Union
- Country
- Tunisia
- Subjects
- Mineral resources
- Keywords
- inspection, minerals, mining, offences/penalties, procedural matters
- Categories
- metals-base, metals-precious, minerals-critical
Where to read it
Text
The law's own text, section by section, as held. Each section has its own link.
ORLV HU F 3RXUO DUJHQW /RL Q GX PDUV UHODWLYH DX[ PpWDX[SUpFLHX[ 3UHPLHUWLWUH PLOOLqPHV $XQRPGXSHXSOH 'HX[LqPHWLWUHPLOOLqPHV /DFKDPEUHGHVGpSXWpVD\DQWDGRSWp 7RXW RXYUDJH GRQW OH WLWUH HVW FRPSULV HQWUH GHX[ WLWUHV OpJDX[ HVW FRQVLGpUp FRPPH DSSDUWHQDQW DX SOXV IDLEOH GH /H3UpVLGHQWGHOD5pSXEOLTXHSURPXOJXHODORLGRQWOD FHVWLWUHV WHQHXUVXLW 6RXVUpVHUYHGHVGLVSRVLWLRQVGHO DUWLFOHGHODSUpVHQWH &+$3,75(35(0,(5 ORLOHVRXYUDJHVRXSDUWLHVG RXYUDJHVFRPSRVpVGHPpWDX[ SUpFLHX[TX LOVVRLHQWIDEULTXpVHQ7XQLVLHRXLPSRUWpVQH 'LVSRVLWLRQVJpQpUDOHV SHXYHQW rWUH G XQ WLWUH OpJDO LQIpULHXU DX[ PLQLPD SUpYXV 6HFWLRQSUHPLqUHGHVGpILQLWLRQV DX[SDUDJUDSKHVDEHWFGXSUpVHQWDUWLFOH $UWLFOH SUHPLHU 2Q HQWHQG SDU PpWDX[ SUpFLHX[ O RU $UW /D WROpUDQFH GDQV OHV OLPLWHV GHV WLWUHV YLVpV j O DUJHQWHWOHSODWLQH O DUWLFOHGHODSUpVHQWHORLHVWGHWURLVPLOOLqPHVSRXUO RU GL[PLOOLqPHVSRXUOHSODWLQHHWOHVPpWDX[DVVLPLOpVHWFLQT /HV PpWDX[ UDUHV WHOV TXH O LULGLXP OH SDOODGLXP OH PLOOLqPHVSRXUO DUJHQW UXWKpQLXPOHUKRGLXPHWO RPQLXPDVVRFLpVDXSODWLQHGDQV 3RXUOHVRXYUDJHVHQRUFRPSRUWDQWGHVSDUWLHVVRXGpHV OHVJLVHPHQWVVRQWFRQVLGpUpVFRPPHSODWLQH ODVRXGXUHGRLWrWUHGXPrPHWLWUHTXHOHPpWDOFRQVWLWXWLI /HVUqJOHVUHODWLYHVDX[RXYUDJHVHQRUVRQWDSSOLFDEOHV /DWROpUDQFHHVWDSSUpFLpHDXYXGHO LQWpJUDOLWpGHO RXYUDJH DX[RXYUDJHVHQRUJULVRVPLRUSODWLQRUSODWRURUSDOODGLp \FRPSULVODVRXGXUH HW WRXV DOOLDJHV GH PpWDX[ TXHOOH TXH VRLW OHXU DSSHOODWLRQ 3RXU OHV RXYUDJHV HQ DUJHQW VXU OHVTXHOV GHV DSSOLTXHV R O RU PpWDO FRQVWLWXWLI HVW DVVRFLp j G DXWUHV PpWDX[ G RUQHPHQWDWLRQ VRQW VRXGpHV j OD VRXGXUH IDLEOHRXSRXUOHV SUpFLHX[RXQRQDILQGHOXLSURFXUHUO DSSDUHQFHGXSODWLQH RXYUDJHV FUHX[ OD WROpUDQFH HVW UHOHYpH j YLQJW PLOOLqPHV j FRQGLWLRQ TXH OH WLWUH VRLW DSSUpFLp DX YX GH O LQWpJUDOLWp GH $UW / RU PRQpWDLUH FRPSRUWH O RU PRQQD\p TX LO O RXYUDJH\FRPSULVODVRXGXUH7RXWHIRLVOHPpWDOFRQVWLWXWLI V DJLVVHGHPRQQDLHVWXQLVLHQQHVRXpWUDQJqUHVHWOHVEDUUHV GHFHVRXYUDJHVGRLWrWUHG XQWLWUHOpJDO,OQ HVWDSSOLTXpjFH HWOLQJRWVG RUDGPLVSDUOD%DQTXH&HQWUDOHGH7XQLVLH PpWDOTX XQHWROpUDQFHGHFLQTPLOOLqPHV 2Q HQWHQG SDU RU QRQ PRQpWDLUH O RU QDWLI HQ PDVVH &+$3,75(,, SRXGUHHWPLQHUDLO RUHQOLQJRWVjSRLGVHWWLWUHVQRQDGPLV 'HO RUJDQLVDWLRQGXVHFWHXU SDU OD %DQTXH &HQWUDOH GH 7XQLVLH O RU HQ SODTXHV pWLUp ODPLQp SODQp RX GRXEOp O RU j XVDJH LQGXVWULHO DUWLVWLTXH 6HFWLRQ,GHVREOLJDWLRQVJpQpUDOHV PpGLFDO RX GHQWDLUH O RU HQ DQQHDX[ SDLOOHWWHV ILOV RX $UW6RXVUpVHUYHGHODOpJLVODWLRQHQYLJXHXUWRXWH VROXWLRQV GHV VHOV HW SUpSDUDWLRQV j EDVH G RU OHV GpFKHWV SHUVRQQHSK\VLTXHRXPRUDOHTXLSURFqGHjWLWUHKDELWXHOj GpEULVEURXWLOOHVFHQGUHVG RUHWWRXWRXYUDJHHQRUIDoRQQp O DFKDW OD YHQWH OD WUDQVIRUPDWLRQ RX OD IDEULFDWLRQ GHV HWRHXYUpHWWRXWRXYUDJHG RUGpWUXLWRXjGpWUXLUH PpWDX[SUpFLHX[RXOHXUDFFHSWDWLRQjWLWUHGHGpS{WRXSRXU 6HFWLRQ,,GHVWLWUHV UpSDUDWLRQHVWWHQXHGH GpFODUHU VD SURIHVVLRQDXSUqVGHVVHUYLFHVFRPSpWHQWV $UW/HWLWUHHVWODTXDQWLWpGHPpWDOILQFRQWHQXGDQV GXPLQLVWqUHGHVILQDQFHV OHVRXYUDJHVLOHVWH[SULPpHQPLOOLqPHV GpFODUHUFKDTXHORFDOGHVWLQpjFHWHIIHW /HVWLWUHVOpJDX[VRQW (Q RXWUH WRXWH SHUVRQQH SK\VLTXH RX WRXW UHSUpVHQWDQW D 3RXUOHSODWLQH OpJDO G XQH SHUVRQQH PRUDOH RX VRQ UHVSRQVDEOH WHFKQLTXH 7LWUHXQLTXH PLOOLqPHV QH GRLW SDV DYRLU IDLW O REMHW GH FRQGDPQDWLRQ SRXU FULPH E 3RXUO RU LQWHQWLRQQHO 3UHPLHUWLWUHPLOOLqPHV 6RQW IL[pHV SDU GpFUHW OHV PRGDOLWpV G H[HUFLFH GHV 'HX[LqPHWLWUHPLOOLqPHV DFWLYLWpVSRUWDQWVXUOHVPpWDX[SUpFLHX[ 7URLVLqPHWLWUHPLOOLqPHV $UW 7RXWHV OHV SHUVRQQHV YLVpHV j O DUWLFOH GH OD SUpVHQWH ORL GRLYHQW WHQLU XQ UHJLVWUH GH FRPSWDELOLWp 4XDWULqPHWLWUHPLOOLqPHV PDWLqUH F{Wp HW SDUDSKp SDU OHV VHUYLFHV FRPSpWHQWV GX BBBBBBBBBBBB PLQLVWqUH GHV ILQDQFHV j FKDTXH ORFDO GpFODUp VXU OHTXHO 7UDYDX[SUpSDUDWRLUHV GRLYHQW rWUH LQVFULWHV MRXU SDUMRXUVDQVEODQFQLUDWXUHQL VXUFKDUJH WRXWHV OHV RSpUDWLRQV UHODWLYHV DX[ PpWDX[ 'LVFXVVLRQ HW DGRSWLRQ SDU OD FKDPEUH GHV GpSXWpV GDQV VD SUpFLHX[HWFHDILQGHOHSUpVHQWHUjFKDTXHUpTXLVLWLRQGHV VpDQFHGXIpYULHU DJHQWVGXPLQLVWqUHGHVILQDQFHV
1 -RXUQDO2IILFLHOGHOD5pSXEOLTXH7XQLVLHQQH²PDUV 3DJH /HV GLVSRVLWLRQV GX SUpVHQW DUWLFOH QH V DSSOLTXHQW SDV OHV RUJDQLVPHV KDELOLWpV j WUDQVIRUPHU O RU HQ PDWLqUH DX[RXYUDJHVHQDUJHQW SUHPLqUH GHVWLQpH j OD IDEULFDWLRQ HW DJUppV SDU DUUrWp /HV PRGDOLWpV GH WHQXH GH FH UHJLVWUH VRQW IL[pHV SDU FRQMRLQW GX PLQLVWUH GHV ILQDQFHV HW GX PLQLVWUH FKDUJp GH DUUrWpGXPLQLVWUHGHVILQDQFHV O DUWLVDQDW $UW6RXVUpVHUYHGHODOpJLVODWLRQHQYLJXHXUWRXWH /HV SHUVRQQHV SK\VLTXHV RX PRUDOHV SHXYHQW DFTXpULU RSpUDWLRQ GH YHQWH RX G pFKDQJH G RXYUDJHV HQ PpWDX[ DXSUqV GH OD %DQTXH &HQWUDOH GH 7XQLVLH O RU SRXU GHV SUpFLHX[HIIHFWXpHSDUOHVSHUVRQQHVYLVpHVjO DUWLFOHGHOD XVDJHV VFLHQWLILTXHV GH IRUPDWLRQ RX RFFDVLRQQHOV HW FH SUpVHQWHORLGRLWIDLUHO REMHWGHO pWDEOLVVHPHQWG XQHIDFWXUH DSUqVDFFRUGGXPLQLVWqUHGHWXWHOOHGXVHFWHXU DYHF PHQWLRQ GHV FDUDFWpULVWLTXHV WHFKQLTXHV GH OD $UW6RXVUpVHUYHGHODOpJLVODWLRQHQYLJXHXUWRXWH PDUFKDQGLVH\FRPSULVOHWLWUHOpJDOOHSRLGVOHQRPEUHGH SHUVRQQHTXLLPSRUWHGHVRXYUDJHVHQPpWDX[SUpFLHX[HVW SLqFHV HW VHV FRPSRVDQWHV HW OH QXPpUR GX GpWHQWHXU GX WHQXHGHOHVSUpVHQWHUjODGRXDQHjO HQWUpH SRLQoRQGHPDvWUH /HV VHUYLFHV GHV GRXDQHV SURFqGHQW j OD SHVpH GH FHV 6HFWLRQ,,'HVREOLJDWLRQVVSpFLILTXHVDX[DUWLVDQV RXYUDJHV j O pWDEOLVVHPHQW G XQ SURFqVYHUEDO G LQYHQWDLUH ELMRXWLHUV V \UDSSRUWDQWHWjOHXUSUpVHQWDWLRQGDQVXQHERvWHVFHOOpH DXEXUHDXGHODJDUDQWLHSRXUOHXUSRLQoRQQDJH $UW ([HUFHQW O DFWLYLWp GH IDEULFDWLRQ GHV RXYUDJHV HQ RU HW SODWLQH OHV SHUVRQQHV SK\VLTXHV GH /HVGLWVRXYUDJHVVRQWUHVWLWXpVDX[VHUYLFHVGHVGRXDQHV QDWLRQDOLWpWXQLVLHQQHGpWHQWULFHVGXSRLQoRQGHPDvWUHHW DSUqVOHXUSRLQoRQQDJHHQYXHG DFTXLWWHUOHVGURLWVHWWD[HV OHV SHUVRQQHV PRUDOHV GRQW OH UHSUpVHQWDQW OpJDO RX OH H[LJLEOHV j O LPSRUWDWLRQ FRQIRUPpPHQW DX[ SURFpGXUHV GH UHVSRQVDEOH WHFKQLTXH GRLW rWUH GpWHQWHXU GX SRLQoRQ GH FRPPHUFHH[WpULHXUHWGHFKDQJHHQYLJXHXU PDvWUH 7RXWHIRLV V LO V DYqUH TXH OHXU WLWUH HVW LOOpJDO LO HVW /HV FRQGLWLRQV G REWHQWLRQ GX SRLQoRQ GH PDvWUH VRQW SURFpGp j OHXU UpH[SRUWDWLRQ GDQV XQ GpODL PD[LPXP GH IL[pHVSDUGpFUHW GHX[PRLVjSDUWLUGHODGDWHRO LPSRUWDWHXUHQDpWpDYLVp $UW /HVDUWLVDQVELMRXWLHUVHQPpWDX[SUpFLHX[WHOV $ GpIDXW GH OHXU H[SRUWDWLRQ GDQV FH GpODL LOV VRQW TXH GpILQLV SDU O DUWLFOH GH OD SUpVHQWH ORL GRLYHQW JDUGHU FRQVLGpUpVFRPPHpWDQWDEDQGRQQpVDXSURILWGHO (WDW OHXUVSRLQoRQVGDQVO XQGHVORFDX[GpFODUpVFRQIRUPpPHQW 6HFWLRQ,9'HO H[SRUWDWLRQGHVRXYUDJHVHQPpWDX[ jO DUWLFOHGHODSUpVHQWHORL SUpFLHX[ ,OV QH SHXYHQW H[HUFHU OHXU DFWLYLWp GDQV XQ ORFDO DXWUH $UW / H[SRUWDWLRQ GHV RXYUDJHV HQ PpWDX[ TXHFHOXLGpFODUp SUpFLHX[ VH IDLW FRQIRUPpPHQW DX[ SURFpGXUHV GH $UW / XVDJH GX SRLQoRQ GH PDvWUH HVW LQWHUGLW HQ FRPPHUFH H[WpULHXU HQ YLJXHXU HW FH QRQREVWDQW OHV FDV GH FHVVDWLRQ GpILQLWLYH GH O DFWLYLWp RX HQ FDV GH GpFqV GLVSRVLWLRQV GH O DUWLFOH GX FRGH GH FKDQJH HW GX GHO DUWLVDQELMRXWLHUHWLOGRLWrWUHUHPLVSDUVRQSURSULpWDLUH FRPPHUFHH[WpULHXU RX VRQ SRVVHVVHXU DX EXUHDX GH OD JDUDQWLH GDQV XQ GpODL $UW/HVRXYUDJHVGHIDEULFDWLRQWXQLVLHQQHHQRUHW PD[LPXPGHWUHQWHMRXUVjSDUWLUGHODGDWHGHODGpFODUDWLRQ GH OD FHVVDWLRQ GpILQLWLYH GH O DFWLYLWp RX GH OD GDWH GH OD HQ SODWLQH SHXYHQW rWUH H[SRUWpV VXU GHPDQGH GH O H[SRUWDWHXUVDQVO DSSRVLWLRQGXSRLQoRQGHFRQIRUPLWpHW SRVVHVVLRQ GX SRLQoRQ GH PDvWUH j FRQGLWLRQ TXH OHVGLWV RXYUDJHV /HV TXDQWLWpV GH PpWDX[ SUpFLHX[ HW OHV RXYUDJHV HQ VRLHQWSUpVHQWpVSRXUOHWLWUDJHDXEXUHDXGHODJDUDQWLH PpWDX[ SUpFLHX[ QRQ HQFRUH SUpVHQWpV DX EXUHDX GH OD JDUDQWLH GRLYHQW rWUH GpFODUpV GDQV OH PrPH GpODL 6RXV 6HFWLRQ9'HVRXYUDJHVGHVWLQpVjODFDVVH UpVHUYH GHV GLVSRVLWLRQV GH OD SUpVHQWH ORL OH EXUHDX GH OD $UW2QHQWHQGSDURXYUDJHVGHVWLQpVjODFDVVHOHV JDUDQWLHSHXWDXWRULVHUO LQWpUHVVpjOHVFpGHUjFRQGLWLRQTXH RXYUDJHV HQ PpWDX[ SUpFLHX[ j O H[FHSWLRQ GH O DUJHQW OD FHVVLRQ SURILWH j XQH DXWUH SHUVRQQH GpWHQWULFH GX SRUWDQWO HPSUHLQWHGXWLWUHOpJDOHWFROOHFWpVSDU SRLQoRQGHPDvWUH OHVDUWLVDQVELMRXWLHUVGpWHQWHXUVGXSRLQoRQGHPDvWUH 6HFWLRQ,,,'HO LPSRUWDWLRQHWGHODGLVWULEXWLRQGHO RU OHVFRPPHUoDQWVMXVWLILDQWXQHDQFLHQQHWpGHFLQTDQV $UW/ LPSRUWDWLRQGHO RUV HIIHFWXHSDUOD%DQTXH DXPRLQVGDQVO H[HUFLFHGXPpWLHU &HQWUDOH GH 7XQLVLH 8Q RX SOXVLHXUV RUJDQLVPHV SHXYHQW /HV PRGDOLWpV GH FROOHFWH GHV RXYUDJHV GHVWLQpV j OD rWUHKDELOLWpVSDUGpFUHWjLPSRUWHUO RU FDVVH VRQW VRXPLVHV j XQ FDKLHU GH FKDUJHV DSSURXYp SDU 1HSHXYHQWDFTXpULUO RUDXSUqVGHVRUJDQLVPHVKDELOLWpV DUUrWpGXPLQLVWUHGHVILQDQFHV jVRQLPSRUWDWLRQTXH $UW /HV RSpUDWLRQV GH IRQWH HW G DIILQDJH GHV OHVDUWLVDQVELMRXWLHUVWHOVTXHGpILQLVSDUO DUWLFOHGH RXYUDJHVHQPpWDX[SUpFLHX[FROOHFWpVHWGHVWLQpVjODFDVVH ODSUpVHQWHORL VRQWFRQILpHVDXODERUDWRLUHFHQWUDOG DQDO\VHVHWG HVVDLVRX OHV SHUVRQQHV PRUDOHV FRQVWLWXpHV HQWUH OHV DUWLVDQV jWRXWDXWUHRUJDQLVPHGpVLJQpSDUGpFUHW ELMRXWLHUV HQ YXH GH OD GLVWULEXWLRQ GH O RU HQWUH OHXUV / RUJDQLVPHFKDUJpGHODIRQWHUHVWLWXHOHRXOHVPpWDX[ PHPEUHV SUpFLHX[REWHQXVDSUqVIRQWHRXDIILQDJH
3DJH -RXUQDO2IILFLHOGHOD5pSXEOLTXH7XQLVLHQQH²PDUV 1 /HVPRGDOLWpVGHIRQWHHWG DIILQDJHGHVRXYUDJHVHQRU $UW /HV RXYUDJHV HQ PpWDX[ SUpFLHX[ GRLYHQW rWUH GHVWLQpV j OD FDVVH GH UHVWLWXWLRQ GH O RU HW GH VD SUpVHQWpV DYHF WRXV OHXUV DFFHVVRLUHV SRXU OH FRQWU{OH GX SUpVHQWDWLRQDXSRLQoRQQDJHVRQWIL[pHVSDUGpFUHW EXUHDXGHODJDUDQWLHjXQVWDGHGHIDEULFDWLRQDYDQFpGHWHOOH $UW 6RQW LQWHUGLWHV OD FDVVH HW OD IDEULFDWLRQ GHV VRUWH TX LO QH SHXYHQW XOWpULHXUHPHQW rWUH DIIHFWpV G DXFXQH RXYUDJHVHQPpWDX[SUpFLHX[D\DQWXQHYDOHXUSDWULPRQLDOH DOWpUDWLRQ DX QLYHDX GX SRLGV RX GX WLWUH RX G DXFXQH RXKLVWRULTXH PRGLILFDWLRQHQWUDvQpHSDUO HIIHWG XQWUDYDLOFRPSOpPHQWDLUH $UW/HVRXYUDJHVFRPSRVpVGHGHX[PpWDX[SUpFLHX[ 6HFWLRQ9,'HVDSSDUHLOVGHFRXOpHVRXVSUHVVLRQGH VRQW PDUTXpV GX SRLQoRQ FRUUHVSRQGDQW DX PpWDO SULQFLSDO j PpWDX[SUpFLHX[ FRQGLWLRQTXHODSURSRUWLRQGHO DXWUHPpWDOQHGpSDVVHSDV $UW /HV RSpUDWLRQV GH IDEULFDWLRQ G LPSRUWDWLRQ GHO LQWpJUDOLWpGXELMRX$GpIDXWFHVRXYUDJHVVRQWPDUTXpV GH YHQWH G XWLOLVDWLRQ GH WUDQVIHUW HW GH GHVWUXFWLRQ GHV GHSRLQoRQVMX[WDSRVpVSURSUHVjFKDTXHPpWDOVpSDUpPHQW DSSDUHLOVGHFRXOpHVRXVSUHVVLRQGHPpWDX[SUpFLHX[HWGH 6RXVUpVHUYHGHVGLVSRVLWLRQVGHO DUWLFOHGHODSUpVHQWH OHXUVSDUWLHVVRQWVRXPLVHVjXQFDKLHUGHFKDUJHVDSSURXYp ORL OHV SDUWLHV GHV PpWDX[ SUpFLHX[ HQWUDQW GDQV OD SDUDUUrWpGXPLQLVWUHGHVILQDQFHV FRPSRVLWLRQGHVRXYUDJHVVXVYLVpVQHSHXYHQWrWUHG XQWLWUH LQIpULHXUDXWLWUHOpJDOPLQLPXP 6HFWLRQ9,,'HODJDUDQWLH $UW/HEXUHDXGHODJDUDQWLHSHXWOHFDVpFKpDQW $UW /H EXUHDX GH OD JDUDQWLH DWWULEXH SRXU SURFpGHUjODFRXSHGHVELMRX[SRXUYpULILHUO KRPRJpQpLWp FKDTXH DUWLVDQ GH ELMRX[ HQ RU HW HQ SODWLQH XQ V\PEROH HIIHFWLYHGHVPpWDX[TXLOHVFRQVWLWXHQWHWFHHQSUpVHQFH SRXUOHSRLQoRQGHPDvWUHHQDMRXWDQWOHVOHWWUHVLQLWLDOHV GXSURSULpWDLUHGHVELMRX[8QSURFqVYHUEDOHVWpWDEOLjFHW GH VRQ QRP HW SUpQRP / DUWLVDQ ELMRXWLHU GpSRVH DXSUqV HIIHW 'DQV OH FDV R O LQIUDFWLRQ Q HVW SDV SURXYpH GX EXUHDX GH OD JDUDQWLH FRPSpWHQW XQ VSpFLPHQ GX O LQWpUHVVpSHXWGHPDQGHUjrWUHGpGRPPDJp SRLQoRQGHPDvWUH $UW ,O HVW SURFpGp HQ FDV GH QpFHVVLWp j 3RXU OHV RXYUDJHV HQ DUJHQW O DUWLVDQ ELMRXWLHU GpSRVH O DSSRVLWLRQG XQSRLQoRQGLWSRLQoRQUHFHQVHVXUWRXVOHV DXSUqVGXEXUHDXGHODJDUDQWLHXQVSpFLPHQGXSRLQoRQGH RXYUDJHVHQRUHWHQSODWLQHHWQRWDPPHQWHQFDVGHYROGH PDvWUH TXL OXL HVW DWWULEXp SDU OHV VHUYLFHV GX PLQLVWqUH SHUWH G LPLWDWLRQ RX GH FRQWUHIDoRQ GX SRLQoRQ GH FKDUJpGHO DUWLVDQDW FRQIRUPLWpRXG DEXVG DSSRVLWLRQGHFHSRLQoRQ / DUWLVDQELMRXWLHUSURFqGHjO DSSRVLWLRQGHVRQSRLQoRQ 6RQWIL[pHVSDUGpFUHWOHVFRQGLWLRQVHWOHVPRGDOLWpVGH VXUOHVRXYUDJHVTX LODIDEULTXpVDYDQWOHXUSUpVHQWDWLRQDX UpDOLVDWLRQGHO RSpUDWLRQGHUHFHQVH SRLQoRQQDJH &+$3,75(,,, $UW 7RXW DUWLVDQ ELMRXWLHU GRLW DSSRVHU VXU VHV 'HODFRQVWDWDWLRQHWGHODUpSUHVVLRQGHVLQIUDFWLRQV RXYUDJHVHQPpWDX[SUpFLHX[XQSRLQoRQWLWUHHQFKLIIUHVj F{WpGHVRQSRLQoRQHWSUpVHQWHUFHVRXYUDJHVDXEXUHDXGH 6HFWLRQ,'HODFRQVWDWDWLRQHWGHODSRXUVXLWHGHV OD JDUDQWLH TXL SURFqGH j O DSSRVLWLRQ GX SRLQoRQ GH LQIUDFWLRQV FRQIRUPLWpDSUqVOHXUWLWUDJH $UW 6RQW FKDUJpV GX FRQWU{OH GHV PpWDX[ SUpFLHX[ 6RXVUpVHUYHGHVGLVSRVLWLRQVGHVDUWLFOHVHWGHOD GHV RXYUDJHV HQ PpWDX[ SUpFLHX[ HW GH OD FRQVWDWDWLRQ GHV SUpVHQWHORLOHSRLQoRQGHFRQIRUPLWpHVWIDFXOWDWLISRXUOHV LQIUDFWLRQVDX[GLVSRVLWLRQVGHODSUpVHQWHORLOHVRIILFLHUVGHOD ELMRX[HQDUJHQW SROLFHMXGLFLDLUHGDQVOHFDGUHGHOHXUVDWWULEXWLRQVOHVDJHQWV &HV SRLQoRQV QH VRQW SDV DSSRVpV VXU OHV RXYUDJHV GH GHODGRXDQHHWOHVDJHQWVGXFRQWU{OHILVFDODVVHUPHQWpV SHWLWH WDLOOH TXL QH SRXUUDLHQW VXSSRUWHU VDQV SUpMXGLFH 7RXWH RSpUDWLRQ GH FRQWU{OH HVW HIIHFWXpH SDU GHX[ O HPSUHLQWH GH FHV SRLQoRQV 'DQV FH FDV XQ FHUWLILFDW GH DJHQWV FRQIRUPLWpHVWGpOLYUpSDUOHEXUHDXGHODJDUDQWLH(QRXWUH /DFRQVWDWDWLRQGHVLQIUDFWLRQVV HIIHFWXHFRQIRUPpPHQW VRQW GLVSHQVpV GH FHV SRLQoRQV OHV RXYUDJHV j FDUDFWqUH DX[GLVSRVLWLRQVGXFRGHGHSURFpGXUHSpQDOH SDWULPRQLDORXKLVWRULTXH $UW /HV DJHQWV GH OD GRXDQH HW OHV DJHQWV GX /HVFRQGLWLRQVHWOHVPRGDOLWpVGXWLWUDJHHWG DSSRVLWLRQ FRQWU{OH ILVFDO YLVpV j O DUWLFOH GH OD SUpVHQWH ORL VRQW GX SRLQoRQ GH FRQIRUPLWp VXU OHV RXYUDJHV HQ PpWDX[ KDELOLWpV j YLVLWHU OHV ORFDX[ D\DQW IDLW O REMHW G XQH SUpFLHX[VRQWIL[pHVSDUGpFUHW GpFODUDWLRQFRQIRUPpPHQWDX[GLVSRVLWLRQVGHO DUWLFOHGH $UW/HEXUHDXGHODJDUDQWLHSURFqGHjO DSSRVLWLRQ ODSUpVHQWHORL GX SRLQoRQ GH FRQIRUPLWp HW OH FDV pFKpDQW GX SRLQoRQ ,OVSHXYHQWHQFDVG H[LVWHQFHGHSUpVRPSWLRQVUHODWLYHV WLWUH HQ FKLIIUHV SRXU OHV RXYUDJHV HQ PpWDX[ SUpFLHX[ j O H[HUFLFH G XQH DFWLYLWp QRQ GpFODUpH RX j O XQH GHV LPSRUWpVFRQIRUPpPHQWjODOpJLVODWLRQHQYLJXHXUHWTXLOXL LQIUDFWLRQV SUpYXHV SDU OD SUpVHQWH ORL SURFpGHU j GHV VRQWSUpVHQWpV SHUTXLVLWLRQV GDQV OHV ORFDX[ VRXSoRQQpV HQ YXH GH $UW ,O HVW SHUoX XQH UHGHYDQFH VXU OH WLWUDJH GHV FRQVWDWHU OHV LQIUDFWLRQV FRPPLVHV HW GH UHFXHLOOLU OHV RXYUDJHVHQPpWDX[SUpFLHX[GRQWOHPRQWDQWVHUDIL[pSDU pOpPHQWV GH SUHXYH \ DIIpUHQWV HW FH FRQIRUPpPHQW DX[ GpFUHW GLVSRVLWLRQVGXFRGHGHSURFpGXUHSpQDOH
1 -RXUQDO2IILFLHOGHOD5pSXEOLTXH7XQLVLHQQH²PDUV 3DJH $UW /H PLQLVWUH GHV ILQDQFHV RX OD SHUVRQQH $UW6RQWSXQLHVG XQHDPHQGHpJDOHDXGRXEOHGX GpOpJXpH SDU OH PLQLVWUH GHV ILQDQFHV SURFqGH j OD SUL[GHVRXYUDJHVIL[pjODGDWHGHODFRQVWDWDWLRQHQSOXVGH WUDQVPLVVLRQ GHV SURFqVYHUEDX[ DX SURFXUHXU GH OD OHXU FRQILVFDWLRQ OHV SHUVRQQHV YLVpHV j O DUWLFOH GH OD 5pSXEOLTXH SUpVHQWHORLTXLGpWLHQQHQWRXYHQGHQWGHVRXYUDJHVDFKHYpV $UW /HV SRLQoRQV RXYUDJHV HW PDWLqUHV REMHW GH QHSRUWDQWSDVOHVSRLQoRQVOpJDX[ O LQIUDFWLRQVRQWVDLVLVHQSUpVHQFHGXFRQWUHYHQDQWHWVRQW $UW(VWSXQLG XQHDPHQGHGHGLQDUVj GpSRVpV VRXV OHV FDFKHWV GX PLQLVWqUH GHV ILQDQFHV 8Q GLQDUV HQ VXV GH OD FRQILVFDWLRQ GHV RXYUDJHV WRXW SURFqVYHUEDOSRUWDQWODVLJQDWXUHGXFRQWUHYHQDQWHVWpWDEOL FRQWUHYHQDQWDX[GLVSRVLWLRQVGHVDUWLFOHVjHWGH jFHWHIIHW$GpIDXWGHSUpVHQFHGXFRQWUHYHQDQWRXHQFDV ODSUpVHQWHORL GH UHIXV GH VLJQHU XQH PHQWLRQ HVW IDLWH GDQV OH SURFqV (VWSXQLG XQHDPHQGHGHjGLQDUVHQVXVGH YHUEDO OD VDLVLH GHV DSSDUHLOV GH FRXOpH VRXV SUHVVLRQ GH PpWDX[ /HVELHQVVDLVLVVRQWGpSRVpVLPPpGLDWHPHQWDXSUqVGX SUpFLHX[HWOHXUVSDUWLHVHWGHODFRQILVFDWLRQGHVRXYUDJHV EXUHDXGHODJDUDQWLH WRXW FRQWUHYHQDQW DX[ GLVSRVLWLRQV GH O DUWLFOH GH OD /H EXUHDX GH OD JDUDQWLH SURFqGH DX WLWUDJH HW DX[ SUpVHQWHORL RSpUDWLRQV QpFHVVDLUHV VH UDSSRUWDQW DX[ RXYUDJHV HW (VWSXQLG XQHDPHQGHGHjGLQDUVHQVXVGH PDWLqUHV REMHW GH O LQIUDFWLRQ DILQ GH GpWHUPLQHU OHXU SRLGV OD FRQILVFDWLRQ GHV RXYUDJHV HW G XQH SpQDOLWp pJDOH j FLQT HW WLWUH HW HVWLPHU OHXU YDOHXU,OHVWpWDEOLXQSURFqVYHUEDO IRLV OH PRQWDQW GHV GURLWV H[LJLEOHV FRQIRUPpPHQW j OD UHODWLIjFHVRSpUDWLRQV OpJLVODWLRQHQYLJXHXUQRQUHFRXYUpVWRXWFRQWUHYHQDQWDX[ GLVSRVLWLRQV GHV DUWLFOHV HW GX SUHPLHU 6HFWLRQ,,'HVVDQFWLRQV SDUDJUDSKHGHO DUWLFOHGHODSUpVHQWHORL $UW(VWSXQLHG XQHPSULVRQQHPHQWGHGL[DQVHW $UW/ DUWLVDQELMRXWLHUTXLSUpVHQWHDXEXUHDXGHOD G XQHDPHQGHGHGLQDUVWRXWHSHUVRQQHTXLSURFqGH JDUDQWLH GHV RXYUDJHV HQ PpWDX[ SUpFLHX[ QRQ FRQIRUPHV j OD IDEULFDWLRQ GHV SRLQoRQV LPLWDQW OHV SRLQoRQV OpJDX[ DX[WLWUHVSUpYXVjO DUWLFOHGHODSUpVHQWHORLHVWSXQLHQ UHODWLIVDX[PpWDX[SUpFLHX[ VXVGHODFDVVHGHVELMRX[HWGXSDLHPHQWGHODUHGHYDQFHGX (VW SXQLH G XQ HPSULVRQQHPHQW GH VL[ DQV HW G XQH WLWUDJHSUpYXHjO DUWLFOHGHODSUpVHQWHORLG XQHDPHQGH DPHQGH GH GLQDUV WRXWH SHUVRQQH TXL GpWLHQW RX GHPLOOLPHVSDUJUDPPHSRXUOHVRXYUDJHVHQSODWLQHHW XWLOLVHGHVSRLQoRQVLPLWDQWOHVSRLQoRQVOpJDX[UHODWLIVDX[ HQ RU DYHF XQ PLQLPXP GH GLQDUV HW PLOOLPHV SDU PpWDX[SUpFLHX[ JUDPPH SRXU OHV RXYUDJHV HQ DUJHQW DYHF XQ PLQLPXP GH GLQDUV $UW(VWSXQLHG XQHPSULVRQQHPHQWGHFLQTDQVHW G XQHDPHQGHGHGLQDUVWRXWHSHUVRQQHTXLIDEULTXH $UW/DWHQWDWLYHSRXUOHVLQIUDFWLRQVSUpYXHVDX[ GHVSRLQoRQVLPLWDQWGHVSRLQoRQVGHPDvWUH DUWLFOHVHWHWDXSDUDJUDSKHSUHPLHUGHO DUWLFOHHVW SXQLVVDEOH (VW SXQLH G XQ HPSULVRQQHPHQW GH WURLV DQV HW G XQH DPHQGH GH GLQDUV WRXWH SHUVRQQH TXL GpWLHQW RX $UW /HV VDQFWLRQV SUpYXHV SDU OD SUpVHQWH ORL XWLOLVHGHVSRLQoRQVLPLWDQWGHVSRLQoRQVGHPDvWUH V DSSOLTXHQWDXUHSUpVHQWDQWOpJDOGHODSHUVRQQHPRUDOHRX j VRQ UHVSRQVDEOH WHFKQLTXH HW GRQW OD UHVSRQVDELOLWp $UW (VW SXQLH G XQ HPSULVRQQHPHQW GH FLQT DQV SHUVRQQHOOHHVWpWDEOLH WRXWH SHUVRQQH Q DSSDUWHQDQW SDV DX EXUHDX GH OD JDUDQWLH TXLDSSRVHOHVSRLQoRQVOpJDX[ /D SHUVRQQH PRUDOH HVW SXQLH G XQH DPHQGH pJDOH DX GRXEOHGHO DPHQGHPD[LPDOHH[LJLEOH /D VDQFWLRQ PHQWLRQQpH DX SDUDJUDSKH SUHPLHU GX $UW /H PLQLVWUH GHV ILQDQFHV SHXW WUDQVLJHU SRXU SUpVHQW DUWLFOH HVW GRXEOpH SRXU WRXW DJHQW DSSDUWHQDQW DX OHV LQIUDFWLRQV SUpYXHV DX[ DUWLFOHV HW GH OD EXUHDX GH OD JDUDQWLH TXL DSSRVH VFLHPPHQW OHV SRLQoRQV SUpVHQWHORLHWFHDYDQWSURQRQFLDWLRQG XQMXJHPHQWD\DQW OpJDX[GDQVGHVFRQGLWLRQVFRQWUDLUHVDX[GLVSRVLWLRQVGHOD UHoXO DXWRULWpGHODFKRVHMXJpH SUpVHQWHORLHWjVHVWH[WHVG DSSOLFDWLRQ /HPLQLVWUHGHVILQDQFHVSHXWGpOpJXHUODFRQFOXVLRQGH $UW 6RQW SXQLHV G XQ HPSULVRQQHPHQW GH GHX[ OD WUDQVDFWLRQ j FHOXL TXL D OD TXDOLWp GH FKHI DQV HW G XQH DPHQGH GH GLQDUV HW GH OD G DGPLQLVWUDWLRQFHQWUDOHRXUpJLRQDOH FRQILVFDWLRQGHVRXYUDJHVOHVSHUVRQQHVYLVpHVjO DUWLFOH /H GURLW GH SRXUVXLWH GHV LQIUDFWLRQV VXVYLVpHV VH GHODSUpVHQWHORLTXLIDEULTXHQWGpWLHQQHQWRXYHQGHQW SUHVFULW HW O DFWLRQ SXEOLTXH \ DIIpUHQWH V pWHLQW SDU GHV RXYUDJHV SRUWDQW GHV PDUTXHV GH SRLQoRQV LPLWDQW O H[pFXWLRQGHODWUDQVDFWLRQ OHV SRLQoRQV OpJDX[ RX OHV RXYUDJHV VXU OHVTXHOV OHV /H WDULI GH OD WUDQVDFWLRQ HVW IL[p SDU XQ DUUrWp GX PDUTXHV GH SRLQoRQV VH WURXYHQW HQWpHV VRXGpHV RX PLQLVWUHGHVILQDQFHV FRQWUHWLUpHV $UW /H SRLQoRQ GH PDvWUH HVW UHWLUp HQ FDV GH (VW SDVVLEOH GHV PrPHV VDQFWLRQV WRXWH SHUVRQQH TXL FRQGDPQDWLRQ GH VRQ GpWHQWHXU j XQH SHLQH SUpVHQWH VFLHPPHQW DX EXUHDX GH OD JDUDQWLH GHV RXYUDJHV G HPSULVRQQHPHQW HQ YHUWX G XQ MXJHPHQW D\DQW UHoX IRXUUpV G XQH PDWLqUH pWUDQJqUH RX G XQH PDWLqUH G XQ WLWUH O DXWRULWp GH OD FKRVH MXJpH SULV HQ DSSOLFDWLRQ GHV LQIpULHXUDXWLWUHOpJDOPLQLPXP GLVSRVLWLRQVGHODSUpVHQWHORL
3DJH -RXUQDO2IILFLHOGHOD5pSXEOLTXH7XQLVLHQQH²PDUV 1 'LVSRVLWLRQVGLYHUVHV PRGLILFDWLRQHWUHIRQWHGHODOpJLVODWLRQVXUOHFRQWU{OHGHV RXYUDJHV GH SODWLQH G RU HW G DUJHQW HW WRXV OHV WH[WHV TXL $UW 8QH FRPPLVVLRQ VSpFLDOH HVW FUppH SRXU O RQWPRGLILpRXFRPSOpWpHWOHVDUWLFOHVGHjGHODORL VWDWXHU VXU OHV GLIIpUHQGV VH UDSSRUWDQW DX[ GLVSRVLWLRQV GH Q SRUWDQWORLGHILQDQFHVSRXUODJHVWLRQ WHOOH O DUWLFOHHWOHSDUDJUDSKHGHO DUWLFOHHWGHO DUWLFOH TXHPRGLILpHSDUODORLQ GXDRWUHODWLYHj TXLQHFRQVWLWXHQWSDVXQHLQIUDFWLRQDX[GLVSRVLWLRQVGHOD OD VLPSOLILFDWLRQ GHV SURFpGXUHV DGPLQLVWUDWLYHV UHODWLYHV SUpVHQWHORL DX[ DXWRULVDWLRQV DGPLQLVWUDWLYHV GpOLYUpHV SDU OHV VHUYLFHV /HVGpFLVLRQVGHFHWWHFRPPLVVLRQUHYrWHQWXQFDUDFWqUH GXPLQLVWqUHGHVILQDQFHVGDQVOHVDFWLYLWpVTXLHQUHOqYHQW REOLJDWRLUHSRXUO DGPLQLVWUDWLRQ $UW /HV GLVSRVLWLRQV GH OD SUpVHQWHORLHQWUHQWHQ /DFRPSRVLWLRQHWOHVSURFpGXUHVGHIRQFWLRQQHPHQWGH YLJXHXUjSDUWLUGXHURFWREUH FHWWH FRPPLVVLRQ VRQW IL[pHV SDU DUUrWp GX PLQLVWUH GHV /D SUpVHQWH ORL VHUD SXEOLpH DX -RXUQDO 2IILFLHO GH OD ILQDQFHV 5pSXEOLTXH7XQLVLHQQHHWH[pFXWpHFRPPHORLGHO (WDW $UW6RQWDEURJpHVjODGDWHG HQWUpHHQYLJXHXUGH 7XQLVOHHUPDUV OD SUpVHQWH ORL WRXWHV OHVGLVSRVLWLRQVFRQWUDLUHVjFHWWHORL HW QRWDPPHQW OH GpFUHW GX MXLQ SRUWDQW =LQH(O$ELGLQH%HQ$OL &216(,/&2167,787,211(/ $YLVQGXFRQVHLOFRQVWLWXWLRQQHOFRQFHUQDQWOHSURMHWGHORLUHODWLIDX[PpWDX[SUpFLHX[ $YLVQGXFRQVHLOFRQVWLWXWLRQQHOFRQFHUQDQWOHSURMHWGHORLUHODWLIDX[PpWDX[SUpFLHX[ BBBBBBBBBBBBBBB /HVWH[WHVVRQWSXEOLpVXQLTXHPHQWHQODQJXHDUDEH 1 -RXUQDO2IILFLHOGHOD5pSXEOLTXH7XQLVLHQQH²PDUV 3DJH