%5,7,6+67$1'$5' %6(1,62


%6%
,QFRUSRUDWLQJ
$PHQGPHQW1RWR
%6%
UHQXPEHUVWKH%6DV

3UHSDUDWLRQRIVWHHO %6(1,62

VXEVWUDWHVEHIRUH
DSSOLFDWLRQRISDLQWV
DQGUHODWHGSURGXFWV¦
7HVWVIRUWKH
DVVHVVPHQWRIVXUIDFH
FOHDQOLQHVV¦
3DUW$VVHVVPHQWRIGXVWRQVWHHO
VXUIDFHVSUHSDUHGIRUSDLQWLQJ
SUHVVXUHVHQVLWLYHWDSHPHWKRG

7KH(XURSHDQ6WDQGDUG(1,62KDVWKHVWDWXVRID
%ULWLVK6WDQGDUG

,&6
%6(1,62

&RPPLWWHHVUHVSRQVLEOHIRUWKLV
%ULWLVK6WDQGDUG

7KHSUHSDUDWLRQRIWKLV%ULWLVK6WDQGDUGZDVHQWUXVWHGE\WKH6XUIDFH
7UHDWPHQWVDQG&RDWLQJV6WDQGDUGV3ROLF\&RPPLWWHH67&WR7HFKQLFDO
&RPPLWWHH67&XSRQZKLFKWKHIROORZLQJERGLHVZHUHUHSUHVHQWHG

$VVRFLDWLRQRI&RQVXOWLQJ(QJLQHHUV
%ULWLVK&KHPLFDO(QJLQHHULQJ&RQWUDFWRUV$VVRFLDWLRQ
%ULWLVK&RQVWUXFWLRQDO6WHHOZRUN$VVRFLDWLRQ/WG
%ULWLVK*DVSOF
%ULWLVK*ULW$VVRFLDWLRQ
%ULWLVK5DLOZD\V%RDUG
%ULWLVK6WHHO,QGXVWU\
'HSDUWPHQWRI7UDQVSRUW
(OHFWULFLW\$VVRFLDWLRQ
,QVWLWXWHRI&RUURVLRQ
1DWLRQDO)HGHUDWLRQRI3DLQWLQJDQG'HFRUDWLQJ&RQWUDFWRUV
2LODQG&RORXU&KHPLVWV$VVRFLDWLRQ
3DLQW5HVHDUFK$VVRFLDWLRQ
3DLQWPDNHUV$VVRFLDWLRQRI*UHDW%ULWDLQ/WG
5R\DO6RFLHW\RI&KHPLVWU\

7KLV%ULWLVK6WDQGDUGKDYLQJ
EHHQSUHSDUHGXQGHUWKH
GLUHFWLRQ RIWKH6XUIDFH
7UHDWPHQWVDQG&RDWLQJV
6WDQGDUGV3ROLF\&RPPLWWHH
ZDV SXEOLVKHGXQGHUWKH
DXWKRULW\ RIWKH6WDQGDUGV
%RDUG DQGFRPHVLQWR
HIIHFWRQ
$XJXVW

‹%6,
$PHQGPHQWVLVVXHGVLQFHSXEOLFDWLRQ

$PG1R 'DWH &RPPHQWV

7KHIROORZLQJ%6,UHIHUHQFHV  -XQH 5HQXPEHUV%6%DV

UHODWHWRWKHZRUNRQWKLV %6(1,62
VWDQGDUG
&RPPLWWHHUHIHUHQFH67&
'UDIWIRUFRPPHQW'&

,6%1;
 %6(1,62

&RQWHQWV

3DJH
&RPPLWWHHVUHVSRQVLEOH ,QVLGHIURQWFRYHU
1DWLRQDOIRUHZRUG LL
,QWURGXFWLRQ 
 6FRSH 
 1RUPDWLYHUHIHUHQFHV 
 'HILQLWLRQ 
 3ULQFLSOH 
 $SSDUDWXVDQGPDWHULDOV 
 3URFHGXUH 
 7HVWUHSRUW 
$QQH[$LQIRUPDWLYH6SULQJORDGHGUROOHU 
)LJXUH¦3LFWRULDOUHIHUHQFHVFRUUHVSRQGLQJWRGXVWTXDQWLW\
UDWLQJVDQG 
)LJXUH$¦6HFWLRQDOVLGHYLHZRIUROOHU 
)LJXUH$¦3ODQYLHZRIDGMXVWDEOHKHLJKWVKDIWDQGWRSSOXJ 
)LJXUH$¦6HFWLRQDOIURQWYLHZRIORZHUSDUWRIUROOHU 
)LJXUH$¦&DOLEUDWLRQDWWKH NJDQG NJJUDGXDWLRQV 
7DEOH¦'XVWVL]HFODVVHV 

‹%6, L
%6(1,62

1DWLRQDOIRUHZRUG
7KLV%ULWLVK6WDQGDUGLVWKH(QJOLVKODQJXDJHYHUVLRQRI(1,62,W
LVGXDOQXPEHUHGDV%6%
&URVVUHIHUHQFHV
7KH%ULWLVK6WDQGDUGVZKLFKLPSOHPHQW,QWHUQDWLRQDORU(XURSHDQSXEOLFDWLRQV
UHIHUUHGWRLQWKLVGRFXPHQWPD\EHIRXQGLQWKH%6,6WDQGDUGV&DWDORJXHXQGHU
WKHVHFWLRQHQWLWOHG§,QWHUQDWLRQDO6WDQGDUGV&RUUHVSRQGHQFH,QGH[¨RUE\XVLQJ
WKH§)LQG¨IDFLOLW\RIWKH%6,6WDQGDUGV(OHFWURQLF&DWDORJXH
7KH7HFKQLFDO&RPPLWWHHKDVUHYLHZHGWKHSURYLVLRQVRI,(& WR
ZKLFKUHIHUHQFHLVPDGHLQWKHWH[WDQGKDVGHFLGHGWKDWWKH\DUHDFFHSWDEOHIRU
XVHLQFRQMXQFWLRQZLWKWKLVVWDQGDUG,(& LVUHODWHGWR%6 
)XUWKHULQIRUPDWLRQRQWKH,62 ,62 ,62 DQG,62 VHULHVRI
VWDQGDUGVLVJLYHQLQ %6 3UHSDUDWLRQRIVWHHOVXEVWUDWHVEHIRUHDSSOLFDWLRQRI
SDLQWVDQGUHODWHGSURGXFWV¦3DUW ,QWURGXFWLRQ
$%ULWLVK6WDQGDUGGRHVQRWSXUSRUWWRLQFOXGHDOOWKHQHFHVVDU\SURYLVLRQVRID
FRQWUDFW8VHUVRI%ULWLVK6WDQGDUGVDUHUHVSRQVLEOHIRUWKHLUFRUUHFWDSSOLFDWLRQ
&RPSOLDQFHZLWKD%ULWLVK6WDQGDUGGRHVQRWRILWVHOIFRQIHULPPXQLW\
IURPOHJDOREOLJDWLRQV

6XPPDU\RISDJHV
7KLVGRFXPHQWFRPSULVHVDIURQWFRYHUDQLQVLGHIURQWFRYHUSDJHVLDQGLLWKH
(1WLWOHSDJHWKH(1IRUHZRUGSDJHSDJHV WRDQLQVLGHEDFNFRYHUDQGDEDFN
FRYHU
7KH%6,FRS\ULJKWQRWLFHGLVSOD\HGLQWKLVGRFXPHQWLQGLFDWHVZKHQWKH
GRFXPHQWZDVODVWLVVXHG

LL ‹%6,
(8523($167$1'$5' (1,62
1250((8523e(11(
(8523b,6&+(1250 0D\

,&6

(QJOLVKYHUVLRQ

3UHSDUDWLRQRIVWHHOVXEVWUDWHVEHIRUHDSSOLFDWLRQRISDLQW
DQGUHODWHGSURGXFWV¦7HVWVIRUWKHDVVHVVPHQWRIVXUIDFH
FOHDQOLQHVV¦3DUW$VVHVVPHQWRIGXVWRQVWHHOVXUIDFHV
SUHSDUHGIRUSDLQWLQJSUHVVXUHVHQVLWLYHWDSHPHWKRG
,62

3UpSDUDWLRQGHVVXEMHFWLOHVGªDFLHUDYDQWDSSOLFDWLRQ
GHSHLQWXUHVHWGHSURGXLVDVVLPLOpV¦(VVDLVSRXU
DSSUpFLHUODSURSUHWpGªXQHVXUIDFH¦
3DUWLH(YDOXDWLRQGHODSRXVVLqUHVXUOHVVXUIDFHV
GªDFLHUSUpSDUpHHVSRXUODPLVHHQSHLQWXUH
9RUEHUHLWXQJYRQ6WDKOREHUIOlFKHQYRUGHP
$XIWUDJHQYRQ%HVFKLFKWXQJVVWRIIHQ¦3UIXQJHQ
]XP%HXUWHLOHQGHU2EHUIOlFKHQUHLQKHLW¦
7HLO%HXUWHLOXQJYRQ6WDXEDXIIUGDV
%HVFKLFKWHQYRUEHUHLWHWHQ6WDKOREHUIOlFKHQ
PpWKRGHGXUXEDQDGKpVLIVHQVLEOHjODSUHVVLRQ .OHEHEDQG9HUIDKUHQ
,62 ,62

7KLV(XURSHDQ6WDQGDUGZDVDSSURYHGE\&(1RQ$SULO
&(1PHPEHUVDUHERXQGWRFRPSO\ZLWKWKH&(1&(1(/(&,QWHUQDO
5HJXODWLRQVZKLFKVWLSXODWHWKHFRQGLWLRQVIRUJLYLQJWKLV(XURSHDQ6WDQGDUG
WKHVWDWXVRIDQDWLRQDOVWDQGDUGZLWKRXWDQ\DOWHUDWLRQ8SWRGDWHOLVWVDQG
ELEOLRJUDSKLFDOUHIHUHQFHVFRQFHUQLQJVXFKQDWLRQDOVWDQGDUGVPD\EHREWDLQHG
RQDSSOLFDWLRQWRWKH&HQWUDO6HFUHWDULDWRUWRDQ\&(1PHPEHU
7KLV(XURSHDQ6WDQGDUGH[LVWVLQWKUHHRIILFLDOYHUVLRQV(QJOLVK)UHQFK
*HUPDQ$YHUVLRQLQDQ\RWKHUODQJXDJHPDGHE\WUDQVODWLRQXQGHUWKH
UHVSRQVLELOLW\RID&(1PHPEHULQWRLWVRZQODQJXDJHDQGQRWLILHGWRWKH&HQWUDO
6HFUHWDULDWKDVWKHVDPHVWDWXVDVWKHRIILFLDOYHUVLRQV
&(1PHPEHUVDUHWKHQDWLRQDOVWDQGDUGVERGLHVRI$XVWULD%HOJLXP&]HFK
5HSXEOLF'HQPDUN)LQODQG)UDQFH*HUPDQ\*UHHFH,FHODQG,UHODQG,WDO\
/X[HPERXUJ1HWKHUODQGV1RUZD\3RUWXJDO6SDLQ6ZLW]HUODQGDQG8QLWHG
.LQJGRP

&(1
(XURSHDQ&RPPLWWHHIRU6WDQGDUGL]DWLRQ
&RPLWp(XURSpHQGH1RUPDOLVDWLRQ
(XURSlLVFKHV.RPLWHHIU1RUPXQJ
&HQWUDO6HFUHWDULDWUXHGH6WDVVDUW%%UXVVHOV

‹&(1$OOULJKWVRIH[SORLWDWLRQLQDQ\IRUPDQGE\DQ\PHDQVUHVHUYHGZRUOGZLGHIRU&(1QDWLRQDO
0HPEHUV
5HI1R(1,62(
(1,62

)RUHZRUG
7KHWH[WRIWKH,QWHUQDWLRQDO6WDQGDUGIURP
7HFKQLFDO&RPPLWWHH,627&3DLQWVDQG
YDUQLVKHVRIWKH,QWHUQDWLRQDO2UJDQL]DWLRQIRU
6WDQGDUGL]DWLRQ,62KDVEHHQWDNHQRYHUDVD
(XURSHDQ6WDQGDUGE\7HFKQLFDO&RPPLWWHH
&(17&3DLQWVDQGYDUQLVKHVWKH6HFUHWDULDW
RIZKLFKLVKHOGE\',1
7KLV(XURSHDQ6WDQGDUGVKDOOEHJLYHQWKHVWDWXVRI
DQDWLRQDOVWDQGDUGHLWKHUE\SXEOLFDWLRQRIDQ
LGHQWLFDOWH[WRUE\HQGRUVHPHQWDWWKHODWHVWE\
1RYHPEHUDQGFRQIOLFWLQJQDWLRQDOVWDQGDUGV
VKDOOEHZLWKGUDZQDWWKHODWHVWE\1RYHPEHU
$FFRUGLQJWRWKH&(1&(1(/(&,QWHUQDO
5HJXODWLRQVWKHQDWLRQDOVWDQGDUGVRUJDQL]DWLRQV
RIWKHIROORZLQJFRXQWULHVDUHERXQGWRLPSOHPHQW
WKLV(XURSHDQ6WDQGDUG$XVWULD%HOJLXP&]HFK
5HSXEOLF'HQPDUN)LQODQG)UDQFH*HUPDQ\
*UHHFH,FHODQG,UHODQG,WDO\/X[HPERXUJ
1HWKHUODQGV1RUZD\3RUWXJDO6SDLQ6ZHGHQ
6ZLW]HUODQGDQGWKH8QLWHG.LQJGRP

‹%6,

,QWURGXFWLRQ
7KHSHUIRUPDQFHRISURWHFWLYHFRDWLQJVRISDLQWDQG
UHODWHGSURGXFWVDSSOLHGWRVWHHOLVVLJQLILFDQWO\
DIIHFWHGE\WKHVWDWHRIWKHVWHHOVXUIDFHLPPHGLDWHO\
SULRUWRSDLQWLQJ7KHSULQFLSDOIDFWRUVWKDWDUH
NQRZQWRLQIOXHQFHWKLVSHUIRUPDQFHDUH
(1 ,62
,QWKHSDLQWLQJVFKHGXOHUHTXLUHPHQWVRI
FRQWUDFWXDOGRFXPHQWVJLYLQJGHWDLOVRIVXUIDFH
SUHSDUDWLRQE\EODVWFOHDQLQJLWLVQRUPDOO\
VSHFLILHGWKDWDOOVXUIDFHVVKDOOEHIUHHIURPVXUIDFH
FRQWDPLQDWLRQLQFOXGLQJRLOJUHDVHGLUWGXVWDQG
ZDWHUVROXEOHVDOWV
'XVWRQEODVWFOHDQHGVWHHOVXUIDFHVPD\UHGXFHWKH
DWKHSUHVHQFHRIUXVWDQGPLOOVFDOH
DGKHVLRQRIVXEVHTXHQWO\DSSOLHGRUJDQLFFRDWLQJV
EWKHSUHVHQFHRIVXUIDFHFRQWDPLQDQWV DQGE\DEVRUELQJPRLVWXUHPD\SURPRWHWKH
LQFOXGLQJVDOWVGXVWRLOVDQGJUHDVHV FRUURVLRQRIWKHEODVWFOHDQHGVWHHOVXUIDFHV
FWKHVXUIDFHSURILOH $FFXPXODWLRQRIGXVWPRUHQDWXUDOO\RFFXUVRQ
,QWHUQDWLRQDO6WDQGDUGV,62 ,62 DQG KRUL]RQWDOVXUIDFHVWKHLQWHULRURISLSHVDQGLQ
,62 KDYHEHHQSUHSDUHGWRSURYLGHPHWKRGVRI VWUXFWXUDOFDYLWLHV6SHFLDOLQVSHFWLRQVKRXOGEH
DVVHVVLQJWKHVHIDFWRUVZKLOH,62 SURYLGHV FDUULHGRXWWRHQVXUHWKDWVXFKDUHDVDUHDGHTXDWHO\
JXLGDQFHRQWKHSUHSDUDWLRQPHWKRGVWKDWDUH FOHDQHGDQGDGHTXDWHO\IUHHIURPGXVWEHIRUH
DYDLODEOHIRUFOHDQLQJVWHHOVXEVWUDWHVLQGLFDWLQJ SDLQWLQJ
WKHFDSDELOLWLHVRIHDFKLQDWWDLQLQJVSHFLILHGOHYHOV %HFDXVHRIVXEMHFWLYHIDFWRUVLQYROYHGLQWKHWHVW
RIFOHDQOLQHVV SURFHGXUHWKHWHVWGRHVQRWDOORZWKHSUHFLVH
7KHVH,QWHUQDWLRQDO6WDQGDUGVGRQRWFRQWDLQ GHWHUPLQDWLRQRIGXVWUHWDLQHGRQEODVWFOHDQHG
UHFRPPHQGDWLRQVIRUWKHSURWHFWLYHFRDWLQJV\VWHPV VWHHOVXUIDFHV1HYHUWKHOHVVZKHQFDUULHGRXWE\
WREHDSSOLHGWRWKHVWHHOVXUIDFH1HLWKHUGRWKH\ H[SHULHQFHGRSHUDWRUVDQGHVSHFLDOO\ZKHQXVHGWR
FRQWDLQUHFRPPHQGDWLRQVIRUWKHVXUIDFHTXDOLW\ FRPSDUHWKHSHUIRUPDQFHRIVXUIDFHVXQGHUWHVW
UHTXLUHPHQWVIRUVSHFLILFVLWXDWLRQVHYHQWKRXJK ZLWKDJUHHGVWDQGDUGVSHFLPHQVLWJLYHVYHU\XVHIXO
VXUIDFHTXDOLW\FDQKDYHDGLUHFWLQIOXHQFHRQWKH LQIRUPDWLRQ
FKRLFHRISURWHFWLYHFRDWLQJWREHDSSOLHGDQGRQLWV 7KHUHDUHPDQ\SRVVLEOHYDULDEOHVLQWKHFRQGLWLRQV
SHUIRUPDQFH6XFKUHFRPPHQGDWLRQVDUHIRXQGLQ DWVLWHVZKHUHWHVWVPD\EHUHTXLUHGWREHFDUULHG
RWKHUGRFXPHQWVVXFKDVQDWLRQDOVWDQGDUGVDQG RXW$JUHHPHQWVPDGHEHWZHHQLQWHUHVWHGSDUWLHV
FRGHVRISUDFWLFH,WZLOOEHQHFHVVDU\IRUWKHXVHUVRI ZKHUHDSSURSULDWHVKRXOGLQFOXGHWKHQXPEHURU
WKHVH,QWHUQDWLRQDO6WDQGDUGVWRHQVXUHWKDWWKH IUHTXHQF\RIWHVWVWKHWHVWORFDWLRQVDQGWKHGDWHV
TXDOLWLHVVSHFLILHGDUH DQGWLPHVZKHQWKHWHVWVDUHWREHFDUULHGRXW
¦FRPSDWLEOHDQGDSSURSULDWHERWKIRUWKH
HQYLURQPHQWDOFRQGLWLRQVWRZKLFKWKHVWHHOZLOO 6FRSH
EHH[SRVHGDQGIRUWKHSURWHFWLYHFRDWLQJV\VWHP 7KLVSDUWRI,62GHVFULEHVDPHWKRGIRUWKH
WREHXVHG DVVHVVPHQWRIGXVWUHPDLQLQJRQFOHDQHGVWHHO
¦ZLWKLQWKHFDSDELOLW\RIWKHFOHDQLQJSURFHGXUH VXUIDFHVSUHSDUHGIRUSDLQWLQJ,WSURYLGHVSLFWRULDO
VSHFLILHG UDWLQJVIRUWKHDVVHVVPHQWRIWKHDYHUDJHTXDQWLW\RI
7KHIRXU,QWHUQDWLRQDO6WDQGDUGVUHIHUUHGWRDERYH GXVW,WDOVRSURYLGHVGHVFULSWLYHFODVVHVIRUWKH
DVVHVVPHQWRIWKHDYHUDJHVL]HRIWKHGXVWSDUWLFOHV
GHDOZLWKWKHIROORZLQJDVSHFWVRISUHSDUDWLRQRI
VWHHOVXEVWUDWHV 127( 7KHTXDQWLW\UDWLQJVDQGVL]HFODVVHVUHIHUUHGWRLQWKLV
SDUWRI,62DUHGHULYHGIURP,623DLQWVDQG
,62¦9LVXDODVVHVVPHQWRIVXUIDFH YDUQLVKHV¦(YDOXDWLRQRIGHJUDGDWLRQRISDLQWFRDWLQJV¦
FOHDQOLQHVV 'HVLJQDWLRQRILQWHQVLW\TXDQWLW\DQGVL]HRIFRPPRQW\SHVRI
GHIHFW¦3DUW*HQHUDOSULQFLSOHVDQGUDWLQJVFKHPHV
,62¦7HVWVIRUWKHDVVHVVPHQWRIVXUIDFH
7KHPHWKRGPD\EHFDUULHGRXW
FOHDQOLQHVV
HLWKHU
,62¦6XUIDFHURXJKQHVVFKDUDFWHULVWLFVRI
EODVWFOHDQHGVWHHOVXEVWUDWHV DDVD§SDVVIDLO¨WHVWE\DVVHVVLQJWKHTXDQWLW\RI
GXVWSUHVHQWRQDWHVWVXUIDFHDQGWKHDYHUDJH
,62¦6XUIDFHSUHSDUDWLRQPHWKRGV
GXVWSDUWLFOHVL]HLQFRPSDULVRQZLWKVSHFLILF
(DFKRIWKHVH,QWHUQDWLRQDO6WDQGDUGVLVLQWXUQ OLPLWV
GLYLGHGLQWRVHSDUDWHSDUWV
RU
7KLVSDUWRI,62 GHVFULEHVDSURFHGXUHIRUWKH
EWRSURYLGHDSHUPDQHQWUHFRUGRIWKHGXVW
DVVHVVPHQWXVLQJDSUHVVXUHVHQVLWLYHWDSH
SUHVHQWRQDVXUIDFHE\PRXQWLQJWKHWDSHVXVHG
PHWKRGRIWKHTXDQWLW\DQGWKHSDUWLFOHVL]HRIGXVW
WRFDUU\RXWWKHWHVWVRQWLOHVFDUGVRUSDSHURIDQ
RQVWHHOVXUIDFHVSUHSDUHGIRUSDLQWLQJ
DSSURSULDWHFRQWUDVWLQJFRORXU

‹%6, 
(1 ,62
7KLVPHWKRGLVVXLWDEOHIRUWKHDVVHVVPHQWRI
GXVWUHWDLQHGDIWHUFOHDQLQJRQDVWHHOVXUIDFH
ZKLFKFRUUHVSRQGHGEHIRUHFOHDQLQJWRUXVWJUDGH$
%RU&DVGHILQHGLQ,62%HFDXVHRIWKH
OLPLWHGHODVWLFLW\RIDGKHVLYHWDSHLWLVQRWSRVVLEOH
IRUWKHWDSHWRSHQHWUDWHLQWRWKHGHHSSLWVSUHVHQW
LQFOHDQHGVWHHOWKDWRULJLQDOO\FRUUHVSRQGHGWRUXVW
JUDGH'
$SSDUDWXVDQGPDWHULDOV
$GKHVLYHWDSHFRQVLVWLQJRIUROOVRIYLUWXDOO\
FRORXUOHVVWUDQVSDUHQWVHOIDGKHVLYH
SUHVVXUHVHQVLWLYHWDSHRIZLGWKPPKDYLQJDQ
DGKHVLRQSHHOVWUHQJWKRIDWOHDVW1SHUPHWUH
ZLGWKZKHQPHDVXUHGLQDFFRUGDQFHZLWKWKHà•
SHHOWHVWLQ,(&
127( 7KLVSHHOWHVWFDOOVIRUD•SHHOIURPVWHHOEDFNLQJDW
:KLOHDWHVWSURFHGXUHLQZKLFKSUHVVXUHLV
DSSOLHGWRDWDSHXVLQJWKHWKXPELVVXEMHFWLYHLWLV
XVXDOO\DGHTXDWHHVSHFLDOO\IRUXVHLQVLWXDWLRQV
ZKHUHVXUIDFHVIUHHIURPGXVWDUHUHTXLUHG,QFDVHV
RIGLVSXWHH[FHSWZKHQUXVWJUDGH&RU'LV
LQYROYHGSUHVVXUHPD\EHDSSOLHGWRWKHEDFNRIWKH
DGKHVLYHWDSHXVLQJDVSULQJORDGHGUROOHU
DSHHOUDWHRI–PPPLQ
'LVSOD\ERDUGRIFRORXUFRQWUDVWLQJWRWKDWRI
WKHGXVWIRUXVHDVDEDFNJURXQGHJRIJODVVRU
EODFNRUZKLWHJOD]HGWLOHVFDUGVRUSDSHU
6SULQJORDGHGUROOHUVRGHVLJQHGWKDWLWLV
FDSDEOHRIDSSO\LQJDORDGRI1RU1RUDQ
1RUPDWLYHUHIHUHQFHV
7KHIROORZLQJVWDQGDUGVFRQWDLQSURYLVLRQVZKLFK
WKURXJKUHIHUHQFHLQWKLVWH[WFRQVWLWXWHSURYLVLRQV
RIWKLVSDUWRI,62$WWKHWLPHRISXEOLFDWLRQ
WKHHGLWLRQVLQGLFDWHGZHUHYDOLG$OOVWDQGDUGVDUH
VXEMHFWWRUHYLVLRQDQGSDUWLHVWRDJUHHPHQWVEDVHG
RQWKLVSDUWRI,62DUHHQFRXUDJHGWR
LQYHVWLJDWHWKHSRVVLELOLW\RIDSSO\LQJWKHPRVW
UHFHQWHGLWLRQVRIWKHVWDQGDUGVLQGLFDWHGEHORZ
0HPEHUVRI,(&DQG,62PDLQWDLQUHJLVWHUVRI
FXUUHQWO\YDOLG,QWHUQDWLRQDO6WDQGDUGV
,623UHSDUDWLRQRIVWHHOVXEVWUDWHV
EHIRUHDSSOLFDWLRQRISDLQWVDQGUHODWHGSURGXFWV¦
LQWHUPHGLDWHORDG6HH$QQH[$
127( 7KHUROOHULVFDOLEUDWHGXVLQJZHLJKWSLHFHVRIPDVVNJ
DQGNJ$WWKHNJFDOLEUDWLRQSRLQWWKHIRUFHH[HUWHGE\WKH
UROOHULV1DQGDWWKHNJFDOLEUDWLRQSRLQWLWLV1
+DQGOHQVFDSDEOHRIPDJQLILFDWLRQ ¼ 
3URFHGXUH
$WWKHEHJLQQLQJRIHDFKVHULHVRIWHVWVUHPRYH
DQGGLVFDUGWKHILUVWWKUHHWXUQVRIWDSHIURPWKHUROO
DQGWKHQUHPRYHDSLHFHDERXWPPORQJ
7RXFKLQJWKHDGKHVLYHVLGHRIWKHWDSHRQO\DW
WKHHQGVSUHVVDERXWPPRIWKHIUHVKO\H[SRVHG
WDSHILUPO\RQWRWKHVXUIDFHXQGHUWHVW:LWKGXH
UHJDUGWRVXEFODXVHDGRSWRQHRIWKHIROORZLQJ
DOWHUQDWLYHPHWKRGVJLYHQLQDDQGE
9LVXDODVVHVVPHQWRIVXUIDFHFOHDQOLQHVV¦
3DUW  5XVWJUDGHVDQGSUHSDUDWLRQJUDGHVRI
XQFRDWHGVWHHOVXEVWUDWHVDQGRIVWHHOVXEVWUDWHVDIWHU
RYHUDOOUHPRYDORISUHYLRXVFRDWLQJV
,(&6SHFLILFDWLRQVIRUSUHVVXUHVHQVLWLYH
DGKHVLYHWDSHVIRUHOHFWULFDOSXUSRVHV¦
3DUW  0HWKRGVRIWHVW
D3ODFHWKHWKXPEDFURVVRQHHQGRIWKHWDSHDQG
PRYHWKHWKXPEZKLOHPDLQWDLQLQJDILUP
SUHVVXUHDWDFRQVWDQWVSHHGDORQJWKHWDSHWKUHH
WLPHVLQHDFKGLUHFWLRQVRWKDWHDFKVWURNHWDNHV
EHWZHHQDQGVHFRQGV5HPRYHWKHWDSHIURP
WKHWHVWVXUIDFHSODFHLWRQDQDSSURSULDWH
GLVSOD\ERDUGDQGFDXVHLWWRDGKHUHWRWKH
ERDUGE\UXEELQJZLWKWKHWKXPE
'HILQLWLRQ
E$SSO\WKHFDOLEUDWHGVSULQJORDGHGUROOHU
)RUWKHSXUSRVHVRIWKLVSDUWRI,62 WKH FHQWUDOO\DFURVVRQHHQGRIWKHWDSHDQGPRYHWKH
IROORZLQJGHILQLWLRQDSSOLHV UROOHUZKLOHPDLQWDLQLQJDGRZQZDUGORDG

GXVW
ORRVHSDUWLFXODWHPDWWHUSUHVHQWRQDVWHHOVXUIDFH
SUHSDUHGIRUSDLQWLQJDULVLQJIURPEODVWFOHDQLQJRU
RWKHUVXUIDFHSUHSDUDWLRQSURFHVVHVRUUHVXOWLQJ
EHWZHHQ1DQG1VHHQRWHDWD
FRQVWDQWVSHHGDORQJWKHWDSHWKUHHWLPHVLQHDFK
GLUHFWLRQVRWKDWHDFKVWURNHWDNHVEHWZHHQ
DQG VHFRQGV5HPRYHWKHWDSHIURPWKHWHVW
VXUIDFHSODFHLWRQDQDSSURSULDWHGLVSOD\
IURPWKHDFWLRQRIWKHHQYLURQPHQW
3ULQFLSOH
$SUHVVXUHVHQVLWLYHDGKHVLYHWDSHLVSUHVVHGRQWR
WKHVWHHOVXUIDFHSUHSDUHGIRUSDLQWLQJ7KHWDSH
ZLWKWKHGXVWDGKHULQJWRLWLVWKHQUHPRYHGDQG
SODFHGRQDGLVSOD\ERDUGRIDFRORXUZKLFKFRQWUDVWV
WRWKDWRIWKHGXVWDQGLVH[DPLQHGYLVXDOO\7KH
TXDQWLW\RIGXVWDGKHULQJWRWKHWDSHDQGWKHGXVW
SDUWLFOHVL]HDUHWKHQHVWLPDWHG
ERDUG DQGFDXVHLWWRDGKHUHWRWKHERDUGE\
UXEELQJZLWKWKHWKXPE
$VVHVVWKHTXDQWLW\RIGXVWRQWKHWDSHE\
FRPSDULQJYLVXDOO\DQDUHDRIWKHWDSHZLWK
HTXLYDOHQWVL]HGDUHDVRIWKHSLFWRULDOUHIHUHQFHV
VKRZQLQ)LJXUH5HFRUGWKHUDWLQJFRUUHVSRQGLQJ
WRWKHUHIHUHQFHWKDWLVWKHFORVHVWPDWFK
127( 7KHXVHRILQWHUPHGLDWHKDOIVWHSVLVSHUPLVVLEOHLI
UHTXLUHGWRJLYHDPRUHGHWDLOHGUHSRUW

 ‹%6,

5HSRUWDQ\RYHUDOOGLVFRORUDWLRQDVTXDQWLW\
UDWLQJ VL]HFODVV
127( ,WLVQRWXQXVXDODIWHUFDUU\LQJRXWWKLVWHVWWRILQG
WKDWWKHWDSHGLVSOD\VDQRYHUDOOGLVFRORUDWLRQXVXDOO\
UHGGLVKEURZQRUEODFNVRPHWLPHVZLWKWKHSUHVHQFHRIGLVFUHWH
YLVLEOHSDUWLFOHVGHSHQGLQJRQWKHW\SHRIDEUDVLYHXVHG7KH
GLVFRORUDWLRQLVFDXVHGE\PLFURVFRSLFGXVWIURPWKHWHVWVXUIDFH
WKDWFDQFDXVHVHULRXVLQWHUIHUHQFHZLWKSDLQWDGKHVLRQ
(1 ,62
$VVHVVWKHSUHGRPLQDWLQJGXVWSDUWLFOHVL]HRQ
WKHDGKHVLYHWDSHE\UHIHUHQFHWR7DEOHZKLFK
GHILQHVVL[GXVWSDUWLFOHVL]HFODVVHV
GHVLJQDWHGDQG
127( 7KHXVHRILQWHUPHGLDWHKDOIVWHSVLVSHUPLVVLEOHLI
UHTXLUHGWRJLYHDPRUHGHWDLOHGUHSRUW
5HSRUWDQ\RYHUDOOGLVFRORUDWLRQDVVL]HFODVV
VHH QRWH
127( 0LFURVFRSLFGXVWGLVFRORUDWLRQXVXDOO\FRQVLVWVRI
SDUWLFOHVOHVVWKDQ4PLQGLDPHWHU

)LJXUH¦3LFWRULDOUHIHUHQFHVFRUUHVSRQGLQJWRGXVWTXDQWLW\UDWLQJVDQG

‹%6, 
(1 ,62

7DEOH¦'XVWVL]HFODVVHV
&ODVV 'HVFULSWLRQRIGXVWSDUWLFOHV

 3DUWLFOHVQRWYLVLEOHXQGHU¼PDJQLILFDWLRQtion
 3DUWLFOHVYLVLEOHXQGHU¼PDJQLILFDWLRQEXWQRWZLWKQRUPDORUFRUUHFWHGYLVLRQ
 XVXDOO\SDUWLFOHVOHVVWKDQäPLQGLDPHWHU
 3DUWLFOHVMXVWYLVLEOHZLWKQRUPDORUFRUUHFWHGYLVLRQXVXDOO\SDUWLFOHVEHWZHHQäP
 DQGäPLQGLDPHWHU
 3DUWLFOHVFOHDUO\YLVLEOHZLWKQRUPDORUFRUUHFWHGYLVLRQSDUWLFOHVXSWR PPLQ
GLDPHWHU
3DUWLFOHVEHWZHHQ PPDQG PPLQGLDPHWHU
3DUWLFOHVODUJHUWKDQ PPLQGLDPHWHU
&DUU\RXWDVXIILFLHQWQXPEHURIWHVWVWR FDOOGHWDLOVQHFHVVDU\WRLGHQWLI\WKHDGKHVLYH
FKDUDFWHUL]HWKHVXUIDFHXQGHUWHVW WDSHXVHG
)RUHYHU\VXUIDFHRIRQHSDUWLFXODUW\SHDQGDVSHFW GDOOGHWDLOVQHFHVVDU\WRLGHQWLI\WKHVXEVWUDWH
FDUU\RXWQRWOHVVWKDQWKUHHVHSDUDWHWHVWV,IWKH XVHGDVDGLVSOD\EDFNJURXQGIRUWKHWDSH
UHVXOWVGRQRWKDYHDVSUHDGRIRQHRUOHVVTXDQWLW\
UDWLQJFDUU\RXWDWOHDVWWZRDGGLWLRQDOWHVWVWR
HVWDEOLVKWKHPHDQ
$IWHUFRPSOHWLQJWKHWHVWDQGEHIRUHSDLQWLQJWKH
VWHHOVXUIDFHUHPRYHDQ\WDSHRUDGKHVLYHOHIWRQ
WKHWHVWVXUIDFH
HWKHQDWXUHRIWKHDUHDVRIHDFKVXUIDFHWHVWHG
ZLWKUHIHUHQFHWRVSHFLILFIHDWXUHVHJOHGJHV
EHDPVZHERUIODQJHIDFHVSRFNHWVIRUPHGIURP
IDEULFDWHGXQLWVDQGWKHDWWLWXGHRIWKHWHVWDUHD
HJYHUWLFDOKRUL]RQWDOXSZDUGIDFLQJRU
KRUL]RQWDOGRZQZDUGIDFLQJ
IWKHGXVWTXDQWLW\UDWLQJVDQGGXVWVL]H
7HVWUHSRUW FODVVHVIRUHDFKVXUIDFHH[DPLQHG
7KHWHVWUHSRUWVKDOOFRQWDLQDWOHDVWWKHIROORZLQJ DOWHUQDWLYHO\IRUJHQHUDOVWHHOFRQVWUXFWLRQ
LQIRUPDWLRQ ZRUNWKHWHVWWDSHVWKHPVHOYHVPD\LIDJUHHG
EHWZHHQWKHLQWHUHVWHGSDUWLHVEHNHSWDVD
DDOOGHWDLOVQHFHVVDU\WRLGHQWLI\WKHVXUIDFHV
UHFRUGRIWKHWHVWV
WHVWHG
JDQ\GHYLDWLRQIURPWKHSURFHGXUHGHVFULEHG
EDUHIHUHQFHWRWKLVSDUWRI,62
LH ,62  KWKHGDWHDQGLIDSSOLFDEOHWKHWLPHRIHDFK
WHVW

 ‹%6,
 (1 ,62

$QQH[$LQIRUPDWLYH
6SULQJORDGHGUROOHU
7KLVDQQH[VKRZVE\ZD\RIH[DPSOHRQO\WKHGHVLJQRIDUROOHUWKDWKDVEHHQIRXQGVXLWDEOHLQXVH)RU
GHWDLOHGVHFWLRQDOYLHZVVHH )LJXUH$)LJXUH$DQG )LJXUH$,QVWUXFWLRQVIRUFDOLEUDWLRQDUHJLYHQ
LQ )LJXUH$

‹%6, 
(1 ,62

)LJXUH$¦6HFWLRQDOVLGHYLHZRIUROOHU

 ‹%6,
 (1 ,62

)LJXUH$¦3ODQYLHZRIDGMXVWDEOHKHLJKWVKDIWDQGWRSSOXJ

)LJXUH$¦6HFWLRQDOIURQWYLHZRIORZHUSDUWRIUROOHU

‹%6, 
(1 ,62

127( 7RVHWWKHDSSOLHGUROOHUSUHVVXUHKROGWKHUROOHUYHUWLFDOO\E\WKHFDVLQJDQGSUHVVWKHUROOHURQWRWKHSDQRIDVXLWDEOH
ZHLJKLQJVFDOHVRWKDWWKHUROOHUH[HUWVDIRUFHHTXDOWRWKHZHLJKWRID NJRU NJZHLJKWSLHFHDVUHTXLUHG$GMXVWWKHKHLJKWRIWKH
ULVLQJVKDIWZLWKDVFUHZGULYHUVRWKDWWKH NJRU NJJUDGXDWLRQRQWKHVKDIWLVOHYHOZLWKWKHWRSRIWKHWRSSOXJ6HWWKHSRVLWLRQ
RIWKHULVLQJVKDIWE\PHDQVRIWKHORFNQXW
)LJXUH$¦&DOLEUDWLRQDWWKH NJDQG NJJUDGXDWLRQV

 ‹%6,
EODQN
 |
|
|
|
|
|
|
|
|
BSI Ð British Standards Institution
|
|
|
|
|
|
| BSI is the independent national body responsible for preparing British Standards. It
|
| presents the UK view on standards in Europe and at the international level. It is
| incorporated by Royal Charter.
|
|
| Revisions
|
|
| British Standards are updated by amendment or revision. Users of British Standards
|
| should make sure that they possess the latest amendments or editions.
|
|
| It is the constant aim of BSI to improve the quality of our products and services. We
|
| would be grateful if anyone finding an inaccuracy or ambiguity while using this
| British Standard would inform the Secretary of the technical committee responsible,
|
| the identity of which can be found on the inside front cover. Tel: 020 8996 9000.
|
| Fax: 020 8996 7400.
|
|
| BSI offers members an individual updating service called PLUS which ensures that
|
| subscribers automatically receive the latest editions of standards.
|
|
| Buying standards
|
| Orders for all BSI, international and foreign standards publications should be
|
| addressed to Customer Services. Tel: 020 8996 9001. Fax: 020 8996 7001.
|
|
| In response to orders for international standards, it is BSI policy to supply the BSI
|
| implementation of those that have been published as British Standards, unless
|
| otherwise requested.
|
|
| Information on standards
|
| BSI provides a wide range of information on national, European and international
|
| standards through its Library and its Technical Help to Exporters Service. Various
|
| BSI electronic information services are also available which give details on all its
|
| products and services. Contact the Information Centre. Tel: 020 8996 7111.
|
| Fax: 020 8996 7048.
|
|
| Subscribing members of BSI are kept up to date with standards developments and
| receive substantial discounts on the purchase price of standards. For details of
|
| these and other benefits contact Membership Administration. Tel: 020 8996 7002.
|
| Fax: 020 8996 7001.
|
|
| Copyright
|
|
| Copyright subsists in all BSI publications. BSI also holds the copyright, in the UK, of
|
| the publications of the international standardization bodies. Except as permitted
| under the Copyright, Designs and Patents Act 1988 no extract may be reproduced,
|
| stored in a retrieval system or transmitted in any form or by any means ± electronic,
|
| photocopying, recording or otherwise ± without prior written permission from BSI.
|
|
| This does not preclude the free use, in the course of implementing the standard, of
|
| necessary details such as symbols, and size, type or grade designations. If these
|
| details are to be used for any other purpose than implementation then the prior
| written permission of BSI must be obtained.
|
|
| If permission is granted, the terms may include royalty payments or a licensing
|
| agreement. Details and advice can be obtained from the Copyright Manager.
|
| Tel: 020 8996 7070.
|
|
|
|
|
|
|
|
|
BSI |
|
389 Chiswick High Road |
|
London |
|
W4 4AL |
|
|
|
|
|
|