Guidelines for

Health and Safety

in the
Marine Energy Industry
*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

$FNQRZOHGJHPHQWV

7KLV GRFXPHQW KDV EHHQ GHYHORSHG DVRQH RI D QXPEHU RI JXLGHV DQG GUDIW
VWDQGDUGV IRU WKH 0DULQH (QHUJ\ ,QGXVWU\ DV SDUW RI D SURMHFW FRRUGLQDWHG E\
(0(& %:($ DOVR H[SUHVVHV WKDQNV WR WKH 6FRWWLVK *RYHUQPHQW IRU ILQDQFLDO
DVVLVWDQFHLQWKHSUHSDUDWLRQRIWKLVJXLGHOLQH

7KH%ULWLVK:LQG(QHUJ\$VVRFLDWLRQSDUWLFXODUO\ZLVKHVWRDFNQRZOHGJHWKHWLPH
HIIRUWH[SHULHQFH DQG H[SHUWLVH RI WKHIROORZLQJ SHRSOH ZKR KDYH FRQWULEXWHG WR
WKLVSXEOLFDWLRQ

-RKQ*ULIILWKV(0(&3HWHU+RGJHWWVDQG*HQLH:HEE6HD5RF)UDVHU-RKQVRQ
25(&RQDQG3HWHU0DGLJDQ%:($

%:($ DOVR H[SUHVVHV WKDQNV WR WKH 6FRWWLVK *RYHUQPHQW IRU ILQDQFLDO DVVLVWDQFH
LQWKHSUHSDUDWLRQRIWKLVJXLGHOLQH

3UHIDFH

7KH %:($ LV SURXG WR HQGRUVH WKHVH JXLGHOLQHV IRU KHDOWK DQG VDIHW\ IRUPDULQH
HQHUJ\ FRQYHUWHUV  7KH %:($ SURGXFHG LWV KHDOWK DQG VDIHW\ JXLGHOLQHV IRU WKH
ZLQG LQGXVWU\ LQ  DQG KDV EHHQ PDLQWDLQLQJ WKHVH ZLWK WKH ODWHVW
XQGHUVWDQGLQJ RI EHVW SUDFWLFH HYHU VLQFH  6LQFH  LW KDV EHFRPH FOHDU WKDW
PDQ\ RI RXU PHPEHUV ZHUH DOVR EHFRPLQJ LQYROYHG LQ ZDYH DQG WLGDO VWUHDP
JHQHUDWLRQDQGVRLQZHWRRNPDULQHHQHUJ\WREHSDUWRIRXUUHPLWDVZHOO
7KRXJK WKHUH DUH VLPLODULWLHV EHWZHHQ WKH ZLQG DQG PDULQH HQHUJ\ LQGXVWULHV
WKHUH DUH DOVR JUHDW GLIIHUHQFHV VLJQLILFDQWO\ LQ WKH VWDJH RI GHYHORSPHQW RI WKH
UHVSHFWLYHWHFKQRORJLHVDQGWKHYHU\H[SRVHGDQGKLJKHQHUJ\PDULQHORFDWLRQVLQ
ZKLFKZDYHDQGWLGDODUUD\VZLOOEHORFDWHG7KLVGRFXPHQWZLOOEHWDNHQIRUZDUG
ZLWK FRQVXOWDWLRQ DQG IXUWKHU FRQVLGHUDWLRQ WR PDNH IXOO XVH RI WKH NQRZOHGJH
FRQWDLQHG ZLWKLQ WKH LQGXVWU\ DQG GUDZ RQ H[SHULHQFH IURP WKH RIIVKRUH ZLQG
LQGXVWU\DQGRWKHUVHFWRUV


*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

&RQWHQWV

 ,QWURGXFWLRQ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯ Ś
 7KH1DWXUHRIWKH*XLGHOLQHVǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯ ś
 6WDWXVRIWKH*XLGDQFH ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯ Ŝ
 )XUWKHU,QIRUPDWLRQ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯ ŝ
 3ULQFLSOHVRI6XFFHVVIXO+HDOWKDQG6DIHW\0DQDJHPHQW ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯ Ş
 ,QWURGXFWLRQ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯ Ş
 /HJLVODWLYH5HTXLUHPHQWVǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯ Ş
 3ROLF\ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯ ş
 2UJDQLVLQJ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯ ş
 3ODQQLQJDQGLPSOHPHQWDWLRQ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯ ş
 0HDVXULQJDQGUHYLHZLQJSHUIRUPDQFH ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŗŖ
 5HOHYDQFHRI2FFXSDWLRQDO+HDOWK 6DIHW\$XGLWDEOH6WDQGDUG2+6$6
 ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŗŗ
 5LVN$VVHVVPHQW ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŗŘ
 0DQDJHPHQWRI&KDQJH ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŗř
 /HJLVODWLRQDQG6WDQGDUGV ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯ ŗŚ
 5HOHYDQW+HDOWKDQG6DIHW\/HJLVODWLRQ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŗŚ
 5HOHYDQW6WDQGDUGVDQG*XLGHOLQHVǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŗŜ
 7KH&RQVWUXFWLRQ'HVLJQDQG0DQDJHPHQW5HJXODWLRQV&'0
UHJXODWLRQV ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŗŞ
6HFWLRQV ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯ Řř
 6LWHVHOHFWLRQLQLWLDOVLWHLQYHVWLJDWLRQ SODQQLQJFRQVLGHUDWLRQV ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯ Řř
 ,QWURGXFWLRQ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŘř
 6LWH6HOHFWLRQ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŘŚ
 6LWHLQYHVWLJDWLRQ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŘŜ
 'HVLJQ6SHFLILFDWLRQ0DQXIDFWXUHDQG7HVWLQJ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯ Řş
 ,QWURGXFWLRQ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŘş
 6LWH6SHFLILF'DWD5HTXLUHPHQWVIRU6DIH'HVLJQV ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŘş
 'HYLFH'HVLJQ&RQVLGHUDWLRQVǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯřŖ
 'HVLJQIRU0DULQH+D]DUGVǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯřŘ
 6SHFLILFDWLRQV ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯřř
 0DQXIDFWXUHǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯřř
 7HVWLQJ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯřŚ
 ,QVWDOODWLRQ&RPPLVVLRQLQJDQG'HFRPPLVVLRQLQJ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯ řś
 ,QWURGXFWLRQ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯřś
 3ODQQLQJ&RPPXQLFDWLRQ&RRUGLQDWLRQǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯřś
 1RWLILFDWLRQ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯřś
 'RFXPHQWDU\FRQWURODQG5HFRUGNHHSLQJǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯřŜ
 +D]DUG,GHQWLILFDWLRQDQG5LVN$VVHVVPHQWV+,5$ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯřŜ
 6DIH6\VWHPRIZRUN ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯřŜ
 ,QIRUPDWLRQ&RQVXOWDWLRQ7UDLQLQJDQG6XSHUYLVLRQǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯřŝ
 &RPSHWHQF\DQG)LWQHVVǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯřŝ
 0HW2FHDQ&RQVLGHUDWLRQVǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯřŝ
 6DIH:RUNLQJ3UDFWLFHVǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯřŞ
 2QVKRUH:RUNV ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŚř
 6DIHW\6LJQVǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŚř
 &KHPLFDOVDQG6XEVWDQFHVǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŚř
 6HFXULW\ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŚŚ
 2FFXSDWLRQDO+HDOWKǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŚŚ
 0HGLFDO)DFLOLWLHVDQG)LUVWDLG ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŚŚ


*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

 (PHUJHQF\5HVSRQVH3ODQQLQJǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŚŚ
 5HSRUWLQJDQG,QYHVWLJDWLRQRI$FFLGHQWVDQG,QFLGHQWV ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŚś
 $VEXLOWGDWDDQGWKH+HDOWKDQG6DIHW\)LOH ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŚŜ
 2SHUDWLRQDQG0DLQWHQDQFH ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯ Śŝ
 ,QWURGXFWLRQ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŚŝ
 3ODQQLQJ&RPPXQLFDWLRQ&RRUGLQDWLRQǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŚŞ
 'RFXPHQWDU\&RQWURODQG5HFRUG.HHSLQJ2 0 ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŚŞ
 6DIH6\VWHPVRI:RUN ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŚş
 ,QIRUPDWLRQ&RQVXOWDWLRQ7UDLQLQJDQG6XSHUYLVLRQǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŚş
 0DLQWHQDQFH3ODQQLQJ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯśŖ
 6DIH:RUNLQJ3UDFWLFHVǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯśŖ
 6DIHW\6LJQVǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯśŚ
 &KHPLFDOVDQG6XEVWDQFHVǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯśŚ
 6HFXULW\ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯśŚ
 2FFXSDWLRQDO+HDOWKǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯśŚ
 0HGLFDO)DFLOLWLHVDQG)LUVWDLG ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯśś
 (PHUJHQF\5HVSRQVH3ODQQLQJǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯśś
 5HSRUWLQJDQG,QYHVWLJDWLRQRI$FFLGHQWVDQG,QFLGHQWV ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯśŜ
 6DIHW\(TXLSPHQW ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯśŝ
$33(1',;0DULQHDQG1DYLJDWLRQDO3ODQQLQJǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯ śŞ
$ *HQHUDO ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯśŞ
% 3DVVDJH3ODQQLQJ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯśŞ
& :HDWKHUURXWLQJDQGIRUHFDVWLQJ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯśş
' 'HSDUWXUHǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯśş
( 3RUWVRI6KHOWHUVKHOWHUDUHDVKROGLQJDUHDV ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŜŖ
) 3LORWDJHǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŜŖ
* /RJǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŜŖ
+ 7RZDJH ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŜŖ
, 7XJVHOHFWLRQ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŜŖ
$33(1',;±.12:7+(/$:ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯ Ŝŗ
$33(1',;5()(5(1&(6 ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯ ŝŖ
$33(1',;86()8/&217$&76ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯ ŝř
$33(1',;±2WKHUUHODWHG%:($LQLWLDWLYHVǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯ ŝŝ


*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU


 ,QWURGXFWLRQ

7KHSRWHQWLDORIZDYHDQGWLGDOHQHUJ\DURXQGWKH8.VKRUHVLVVLJQLILFDQW
7R KDUQHVV WKLV SRWHQWLDO ZLOO UHTXLUH JUHDW HIIRUWV RI HQJLQHHULQJ  :DYH
HQHUJ\ FRQYHUWHUV ZLOO EH ORFDWHG LQ H[SRVHG PDULQH FRQGLWLRQV ZLWK
VRPHWLPHV VHYHUH ZDYH FOLPDWHV ZKLOVW WLGDO HQHUJ\ FRQYHUWHUV ZLOO EH
ORFDWHGLQDUHDVRIYHU\KLJKFXUUHQW7KHVHµKLJKHQHUJ\¶ORFDWLRQVSUHVHQW
QHZ DQG FRPSOH[ FKDOOHQJHV WR RIIVKRUH FRQVWUXFWLRQ DQG LW LV YLWDO WKDW
GHYHORSHUV HQVXUH WKDW WKH\ SODFH DGHTXDWH HPSKDVLV RQ XQGHUVWDQGLQJ
DQG PLWLJDWLQJ WKH KHDOWK DQG VDIHW\ ULVNV DVVRFLDWHG ZLWK WKHVH QRYHO
GHYHORSPHQWV

'HYHORSHUV DUH H[SHFWHG WR DGKHUH WR WKH KLJKHVW VWDQGDUGV DQG HQVXUH
WKDWFRQWUDFWVIRUGHVLJQSURFXUHPHQWDQG RSHUDWLRQDUHZULWWHQVRDVWR
SURPRWHVDIHSUDFWLFHVDQGDYRLGFODXVHVWKDWPD\FRPSURPLVHKHDOWKDQG
VDIHW\ 7KLV LV IXQGDPHQWDO WR WKH GHYHORSPHQW DQG PDLQWHQDQFH RI D
VWURQJVDIHW\ILUVWFXOWXUHZLWKLQWKHLQGXVWU\

2ZQHUV GHVLJQHUV PDQXIDFWXUHUV DQG LQVWDOOHUV RI WKH SODQW DQG
HTXLSPHQWZLOOKDYHVLJQLILFDQWLPSDFWRQKHDOWKDQGVDIHW\WKURXJKRXWWKH
OLIH RI WKH SURMHFW $V VXFK WKH\ KDYH D PDMRU LQIOXHQFH LQ SURPRWLQJ
LPSURYHPHQWVLQKHDOWKDQGVDIHW\ZLWKLQWKHLQGXVWU\

7KH HPHUJLQJ QDWXUH RI WKH PDULQH UHQHZDEOH HQHUJ\ LQGXVWU\ PHDQV
WKHUH LV D JUHDW YDULHW\ LQ WKH GHYLFHV XQGHU GHYHORSPHQW DQG WKHLU
LQVWDOODWLRQ DQG PDLQWHQDQFH UHTXLUHPHQWV  +HDOWK DQG VDIHW\ JXLGDQFH
ZLOOQHHGWREHVSHFLILFHQRXJKWRJLYHDQDGHTXDWHOHYHORISURWHFWLRQDQG
DOVRIOH[LEOHHQRXJKWRDOORZLQQRYDWLYHLGHDVWREHGHYHORSHG

)XWXUHUHYLVLRQVRIWKHVHJXLGHOLQHVDUHH[SHFWHGDVWKHPDULQHUHQHZDEOH
LQGXVWU\H[SDQGVDQGQHZGHYLFHVDUHGHYHORSHG$WWKLVVWDJHLWLVE\QR
PHDQV FHUWDLQ ZKLFK WHFKQRORJLHV ZLOO EHFRPH WKH PRVW H[WHQVLYHO\ XVHG
LQ IXWXUH  ([SHULHQFH ZLOO GHYHORS DV SURMHFWV DUH LQVWDOOHG WHFKQRORJLHV
PDWXUH DQG WKH LQGXVWU\ PRYHV LQ VRPH FDVHV IURP VLQJOH GHYLFH
LQVWDOODWLRQVWRGHYLFHDUUD\V7KHNQRZOHGJHJDLQHGIURPWKLVZLOOQHHGWR
EH LQFRUSRUDWHG LQ IXWXUH HGLWLRQV RI WKLV GRFXPHQW  1HZ OHJLVODWLRQ DQG
UHJXODWLRQV EHLQJ GHYHORSHG PD\ UHTXLUH D FKDQJH WR KHDOWK DQG VDIHW\
SUDFWLFHV7KHVHJXLGHOLQHVLQWHQGWREHDWWKHIRUHIURQWRIWKHVHFKDQJHV
VKDSLQJWKHPWRDVVLVWLQGHOLYHULQJWKHKLJKHVWVWDQGDUGVIRUWKHLQGXVWU\


*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

 7KH1DWXUHRIWKH*XLGHOLQHV

 7KLVJXLGDQFHLVLQWHQGHGWREHUHOHYDQWWRDOORUJDQLVDWLRQVFRQWULEXWLQJWR
WKH OLIH F\FOH RI PDULQH GHYLFH DUUD\V IURP LQLWLDO IHDVLELOLW\ VWXGLHV
WKURXJK WR GHFRPPLVVLRQLQJ EXW LV SDUWLFXODUO\ UHOHYDQW WR VHQLRU
PDQDJHPHQW ZLWKLQ RUJDQLVDWLRQV GHYHORSLQJ FRQVWUXFWLQJ RU RSHUDWLQJ
PDULQHGHYLFHVRUFRQVLGHULQJEHFRPLQJLQYROYHGLQWKHVHFWRU

 ,WLVQRWLQWHQGHGWRSURYLGHLQGHSWKDGYLFHDQGJXLGDQFHRQDOODVSHFWVRI
KHDOWK DQG VDIHW\ LQ UHODWLRQ WR WKH GHVLJQ FRQVWUXFWLRQ FRPPLVVLRQLQJ
RSHUDWLRQPDLQWHQDQFHDQGUHPRYDORIGHYLFHV+RZHYHULWGRHVSURYLGH
VHQLRU PDQDJHPHQW ZLWK VXIILFLHQW LQIRUPDWLRQ WR DVN WKH QHFHVVDU\
TXHVWLRQV LQ UHODWLRQ WR WKHVH DVSHFWV LQ RUGHU WR VDWLVI\ WKHPVHOYHV WKDW
WKHLURUJDQLVDWLRQLVSURPRWLQJWKHKLJKHVWVWDQGDUGVRIKHDOWKDQGVDIHW\

 %RWK ZDYH DQG WLGDO VWUHDP GHYLFHV DUH FRYHUHG E\ WKLV JXLGDQFH
KRZHYHU WKHUH DUH DVSHFWV RI KHDOWK DQG VDIHW\ ZKHUH WKHVH GHYLFHV
GLIIHU  ,W LV PDGH FOHDU LQ WKH WH[W ZKHWKHU WKH DGYLFH LV DSSURSULDWH IRU
ERWKW\SHVRIWHFKQRORJLHVRULIRQO\RQHLVFRYHUHG



*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

 6WDWXVRIWKH*XLGDQFH

 2UJDQLVDWLRQV LQYROYHG ZLWK WKH PDULQH UHQHZDEOH HQHUJ\ LQGXVWU\ DUH
UHPLQGHG WKDW WKH\ GR KDYH VWDWXWRU\ GXWLHV XQGHU 8. KHDOWK DQG VDIHW\
OHJLVODWLRQ7KHSXUSRVHRIWKLVGRFXPHQWLVWRRIIHUVRPHDGYLFHRQKHDOWK
DQG VDIHW\ LVVXHV WKDW DUH VSHFLILF WR WKH PDULQH HQHUJ\ LQGXVWU\
6DWLVI\LQJ WKH UHTXLUHPHQWV RI WKLV JXLGDQFH VKRXOG QRW EH YLHZHG DV DQ
LQGLFDWLRQ RI WRWDO FRPSOLDQFH ZLWK WKH ODZ 7KHUH LV QR VXEVWLWXWH IRU
NQRZOHGJHRILQGLYLGXDOGXWLHVDQGOHJDOUHTXLUHPHQWV


*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

 )XUWKHU,QIRUPDWLRQ

 $SSHQGL[  KLJKOLJKWV QDYLJDWLRQDO DQG PDULWLPH LVVXHV IRU PDULQH GHYLFH
KHDOWKDQGVDIHW\

 $SSHQGL[  FRQWDLQV D EULHI H[SODQDWLRQ RI WKH PDLQ DUHDV RI OHJLVODWLRQ
DSSOLFDEOH WRWKH PDULQHUHQHZDEOH HQHUJ\ LQGXVWU\ $ OLVW RI VRPH XVHIXO
KHDOWKDQGVDIHW\SXEOLFDWLRQVFDQEHIRXQGLQ$SSHQGL[

 )XUWKHU DGYLFH LV DYDLODEOH GLUHFWO\ IURP WKH +HDOWK DQG 6DIHW\ ([HFXWLYH
+6(DQGVRPHFRQWDFWSRLQWVDUHSURYLGHGLQ$SSHQGL[

 )RUVPDOORUJDQLVDWLRQVWKDWGRQRWKDYHWKHQHFHVVDU\NQRZOHGJHVNLOOVRU
UHVRXUFHV DYDLODEOH WR WKHP VSHFLDOLVW DGYLFH FDQ EH VRXJKW IURP DQ
LQGHSHQGHQW+HDOWKDQG6DIHW\&RQVXOWDQW7KH,QVWLWXWLRQRI2FFXSDWLRQDO
6DIHW\ DQG +HDOWK ,26+ PDLQWDLQV D 5HJLVWHU RI +HDOWK DQG 6DIHW\
&RQVXOWDQWV )XUWKHU LQIRUPDWLRQ LV DYDLODEOH RQ WKH ,QWHUQHW DW
ZZZLRVKFRXNLQGH[FIP"JR FRQVXOWDQF\PDLQ






*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

 3ULQFLSOHV RI 6XFFHVVIXO +HDOWK DQG 6DIHW\

0DQDJHPHQW

 ,QWURGXFWLRQ

6XFFHVVIXO +HDOWK DQG 6DIHW\ 0DQDJHPHQW LV DFKLHYHG E\ FUHDWLQJ DQG
PDLQWDLQLQJDVWURQJKHDOWKDQGVDIHW\FXOWXUHDWWKHSURMHFWVFRQFHSWLRQ
$+HDOWKDQG6DIHW\0DQDJHPHQW6\VWHPVKRXOGEHSXWLQSODFHIURPWKH
VWDUWDQGUHVSRQVLELOLW\IRULWVGHYHORSPHQWDQGLPSOHPHQWDWLRQVKRXOGEH
DOORFDWHG

 /HJLVODWLYH5HTXLUHPHQWV

7KH IROORZLQJ KHDOWK DQG VDIHW\ OHJLVODWLRQ VHWV RXW UHTXLUHPHQWV IRU DOO
HPSOR\HUV WR HVWDEOLVK D KHDOWK DQG VDIHW\ SROLF\ DQG VXSSRUWLQJ
DUUDQJHPHQWVIRUWKHHIIHFWLYHLPSOHPHQWDWLRQRIWKHSROLF\

7KH+HDOWKDQG6DIHW\DW:RUNHWF$FW
6HFWLRQ±,WVKDOOEHWKHGXW\RIHYHU\HPSOR\HUWRSUHSDUHDQGDV
RIWHQ DV PD\ EH DSSURSULDWH UHYLVH D ZULWWHQ VWDWHPHQW RI KLV JHQHUDO
SROLF\ZLWKUHVSHFWWRWKHKHDOWK VDIHW\DWZRUNRIKLVHPSOR\HHVDQGWKH
RUJDQLVDWLRQDQGDUUDQJHPHQWVIRUWKHWLPHEHLQJLQIRUFHIRUFDUU\LQJRXW
WKDWSROLF\DQGWREULQJWKHVWDWHPHQWDQGDQ\UHYLVLRQRILWWRWKHQRWLFH
RIDOOKLVHPSOR\HHV

0DQDJHPHQWRI+HDOWK 6DIHW\DW:RUN5HJXODWLRQV
5HJXODWLRQ+HDOWKDQGVDIHW\DUUDQJHPHQWV
5HJ(YHU\HPSOR\HUVKDOOPDNHDQGJLYHHIIHFWWRVXFK
DUUDQJHPHQWVDVDUHDSSURSULDWHKDYLQJUHJDUGWRWKHQDWXUHRIKLV
DFWLYLWLHVDQGWKHVL]HRIKLVXQGHUWDNLQJIRUWKHHIIHFWLYHSODQQLQJ
RUJDQLVDWLRQFRQWUROPRQLWRULQJDQGUHYLHZRIWKHSUHYHQWLYHDQG
SURWHFWLYHPHDVXUHV

7KH +6(¶V *XLGDQFH GRFXPHQW ³6XFFHVVIXO +HDOWK DQG 6DIHW\
0DQDJHPHQW´  +6*   ,6%1     KDV EHHQ GHVLJQHG WR
SURYLGH HPSOR\HUV ZLWK DSSURSULDWH JXLGDQFH WR HQDEOH WKHP WR
XQGHUVWDQG KRZ WKH\ PD\ LPSOHPHQW DQG IXOILO LQ SUDFWLFH WKH
UHTXLUHPHQWVRIWKLVOHJLVODWLRQ

7KHNH\HOHPHQWVGHVFULEHGZLWKLQWKLVJXLGDQFHGRFXPHQWDUH

• SROLF\
• RUJDQLVLQJ
• SODQQLQJDQGLPSOHPHQWDWLRQ
• PHDVXULQJSHUIRUPDQFH
• DXGLWLQJDQGUHYLHZ

3URSHUO\ OLQNHGWKHVH HOHPHQWVFRPELQHWRIRUPDFRKHUHQWDQGHIIHFWLYH
KHDOWK DQG VDIHW\ PDQDJHPHQW V\VWHP ,W LV LPSRUWDQW WR UHPHPEHU DV
ZLWKDOOPDQDJHPHQWV\VWHPVWKH\VKRXOGEHWDLORUHGWRWKHQHHGVRIWKH
RUJDQLVDWLRQDQGEHFRQWLQXRXVO\UHYLHZHGDQGZKHUHQHFHVVDU\LPSURYHG
WRHQVXUHWKHLUHIIHFWLYHQHVV



 *XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

 3ROLF\

6HWWLQJWKHRYHUDOODLPVDQGFRQILUPLQJPDQDJHPHQWFRPPLWPHQW
7KH XOWLPDWH DLP RI D KHDOWK DQG VDIHW\ SROLF\ LV WR DSSO\ WKH ORJLF DQG
ULJRXU RI EXVLQHVV SODQQLQJ WR WKH LGHQWLILFDWLRQ DQG FRQWURO RI ULVNV $OO
DUHDV RI EXVLQHVV DUH LQIOXHQFHG E\ KHDOWK DQG VDIHW\ SROLF\ 7KH SROLF\
SURYLGHVDPRQJVWRWKHUWKLQJVWKHFRPPLWPHQWRIVHQLRUPDQDJHPHQWWR
WKHKHDOWKDQGVDIHW\REMHFWLYHVRIWKHRUJDQLVDWLRQ

 2UJDQLVLQJ

,GHQWLI\LQJZKRZLOOGRZKDW
7RVHFXUHWKHLPSOHPHQWDWLRQDQGFRQWLQXHGGHYHORSPHQWRIDKHDOWKDQG
VDIHW\SROLF\ LWLVHVVHQWLDOWR KDYHDFOHDUO\GHILQHGVWUXFWXUHWRPDQDJH
WKH LPSOHPHQWDWLRQ RI SROLF\ DQG UHVXOWLQJ SURFHGXUHV $OWKRXJK KHDOWK
DQG VDIHW\ LV WKH UHVSRQVLELOLW\ RI HYHU\RQH VSHFLILF UHVSRQVLELOLWLHV RI
LQGLYLGXDOV LQYROYHG LQ KHDOWK DQG VDIHW\ DW DOO OHYHOV RI WKH RUJDQLVDWLRQ
VKRXOG EH HVWDEOLVKHG DV VKRXOG WKH UHODWLRQVKLSV EHWZHHQ WKRVH
LQGLYLGXDOV7KHDLPVRIWKHRUJDQLVDWLRQVKRXOGEHWR

• HVWDEOLVKDQGPDLQWDLQPDQDJHPHQWFRQWUROZLWKLQWKHRUJDQLVDWLRQ
• SURPRWHDVWURQJVDIHW\FXOWXUH
• SURPRWH FRRSHUDWLRQ EHWZHHQ LQGLYLGXDOV VDIHW\ UHSUHVHQWDWLYHV DQG
JURXSVVRWKDWKHDOWKDQGVDIHW\EHFRPHVDFROODERUDWLYHHIIRUW
• HQVXUHWKDWUHVSRQVLELOLWLHVDUHFOHDUO\VHWGRZQDQGXQGHUVWRRG
• HQVXUH FRPPXQLFDWLRQ RI UHOHYDQW LQIRUPDWLRQ WKURXJKRXW WKH
RUJDQLVDWLRQ
• VHFXUHWKHFRPSHWHQFHRIHPSOR\HHV

 3ODQQLQJDQGLPSOHPHQWDWLRQ

3XWWLQJSROLF\LQWRSUDFWLFH
7REHVXFFHVVIXOLQKHDOWKDQGVDIHW\PDQDJHPHQWLWLVQHFHVVDU\WRGUDZ
XSSODQVDQGVHWSHUIRUPDQFHVWDQGDUGVZLWKWKHRYHUDOODLPRIFRQWUROOLQJ
RU HOLPLQDWLQJ ULVNV 7KH SODQV GHILQH WKH VWDQGDUGV RI KHDOWK DQG VDIHW\
WKHRUJDQLVDWLRQLVDLPLQJWRDFKLHYHKRZWKH\ZLOOEHDFFRPSOLVKHGDQG
WKHWLPHVFDOHIRUDFKLHYHPHQW7KHSODQQLQJDQGLPSOHPHQWDWLRQSURFHVV
ZKLFKVKRXOGLQFOXGHVWDIIFRQVXOWDWLRQDQGWUDLQLQJZLOOUHVXOWLQRSHUDWLQJ
DQGPDLQWDLQLQJV\VWHPVZKLFK

• LGHQWLI\REMHFWLYHVDQGWDUJHWVIRUWKHLUDFKLHYHPHQWZLWKLQDVSHFLILHG
SHULRG
• VHWSHUIRUPDQFHVWDQGDUGVIRUPDQDJHPHQWDFWLRQV
• VHW SHUIRUPDQFH VWDQGDUGV IRU WKH FRQWURO RI ULVNV WR HPSOR\HHV DQG
RWKHUV DIIHFWHG E\ ZRUN DFWLYLWLHV IRU H[DPSOH FXVWRPHUV DQG
YLVLWRUV
• HVWDEOLVKSULRULWLHVIRUSURYLVLRQDQGPDLQWHQDQFHRIFRQWUROPHDVXUHV
• HQVXUHDGHTXDWHVXSSRUWLQJGRFXPHQWVIRUDOOSHUIRUPDQFHVWDQGDUGV
• SURYLGHDGHTXDWHUHVRXUFHVLQFOXGLQJWLPH



*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

,Q GHYLVLQJ FRQWURO PHDVXUHV LW LV QHFHVVDU\ WR DQDO\VH ZRUN SUDFWLFHV
V\VWHPDWLFDOO\ LGHQWLI\ ULVNV DQG FDUU\ RXW ULVN DVVHVVPHQWV VHH 6HFWLRQ
 :KHQ LGHQWLI\LQJ DQG IRUPXODWLQJ DSSURSULDWH FRQWURO PHDVXUHV
HPSOR\HUV DUH UHTXLUHG WR IROORZ WKH KLHUDUFK\ RI FRQWURO LQ DFFRUGDQFH
ZLWK5HJXODWLRQ±³3ULQFLSOHVRISUHYHQWLRQWREHDSSOLHG´DQG6FKHGXOH
RIWKH0DQDJHPHQWRI+HDOWK 6DIHW\DW:RUN5HJXODWLRQVGHWDLOHG
EHORZ

D DYRLGLQJULVNV
E HYDOXDWLQJWKHULVNVZKLFKFDQQRWEHDYRLGHG
F FRPEDWLQJWKHULVNVDWVRXUFH
G DGDSWLQJWKHZRUNWRWKHLQGLYLGXDOHVSHFLDOO\DVUHJDUGVWKHGHVLJQ
RI ZRUNSODFHV WKH FKRLFH RI ZRUN HTXLSPHQW DQG WKH FKRLFH RI
ZRUNLQJ DQG SURGXFWLRQ PHWKRGV ZLWK D YLHZ LQ SDUWLFXODU WR
DOOHYLDWLQJ PRQRWRQRXV ZRUN DQG ZRUN DW D SUHGHWHUPLQHG ZRUN
UDWHDQGWRUHGXFLQJWKHLUHIIHFWRQKHDOWK
H DGDSWLQJWRWHFKQLFDOSURJUHVV
I UHSODFLQJ WKH GDQJHURXV E\ WKH QRQ GDQJHURXV RU WKH OHVV
GDQJHURXV
J GHYHORSLQJ D FRKHUHQW RYHUDOO SUHYHQWLRQ SROLF\ ZKLFK FRYHUV
WHFKQRORJ\ RUJDQLVDWLRQ RI ZRUN ZRUNLQJ FRQGLWLRQV VRFLDO
UHODWLRQVKLSV DQG WKH LQIOXHQFH RI IDFWRUV UHODWLQJ WR WKH ZRUNLQJ
HQYLURQPHQW
K JLYLQJ FROOHFWLYH SURWHFWLYH PHDVXUHV SULRULW\ RYHU LQGLYLGXDO
SURWHFWLYHPHDVXUHV
L JLYLQJDSSURSULDWHLQVWUXFWLRQVWRHPSOR\HHV

 0HDVXULQJDQGUHYLHZLQJSHUIRUPDQFH

&KHFNLQJ VWDQGDUGV DUH UHDOO\ EHLQJ DFKLHYHG SUDLVH DFKLHYHPHQW DQG
HQVXUHIDXOWVRSSRUWXQLWLHVIRULPSURYHPHQWDUHDFWHGRQ

,Q RUGHU WR FKHFN WKDW WKH KHDOWK DQG VDIHW\ VWDQGDUGV DUH DFWXDOO\ EHLQJ
DFKLHYHG LQ SUDFWLFH LW LV QHFHVVDU\ WR PHDVXUH SHUIRUPDQFH DJDLQVW WKH
SUHGHWHUPLQHG SODQV VWDQGDUGV DQG SURFHGXUHV $Q\ DUHDV ZKHUH WKH
SODQQHG VWDQGDUGV DUH QRW EHLQJ PHW VKRXOG EH LGHQWLILHG IRU UHPHGLDO
DFWLRQ7KHW\SHVRIV\VWHPVWKDWFDQEHXVHGWRPRQLWRUKHDOWKDQGVDIHW\
SHUIRUPDQFHFDQEHFDWHJRULVHGLQWRDFWLYHDQGUHDFWLYHV\VWHPV

$FWLYHPRQLWRULQJV\VWHPV
$OVRNQRZQDV3URDFWLYHPRQLWRULQJLQFOXGH

• PRQLWRULQJ RI VSHFLILF REMHFWLYHV DQG UHSRUWLQJ UHVXOWV TXDUWHUO\ RU
PRQWKO\
• SHULRGLFH[DPLQDWLRQRIGRFXPHQWVWRUHYLHZSHUIRUPDQFHDVVHVVPHQW
UHFRUGLQJRIWUDLQLQJQHHGVDQGGHOLYHU\RIVXLWDEOHWUDLQLQJ
• WKH V\VWHPDWLF LQVSHFWLRQ RI SUHPLVHV SODQW DQG HTXLSPHQW E\
VXSHUYLVRUV PDLQWHQDQFH VWDII PDQDJHPHQW DQG VDIHW\
UHSUHVHQWDWLYHV RU RWKHU HPSOR\HHV WR HQVXUH WKH FRQWLQXHG HIIHFWLYH
RSHUDWLRQRIZRUNSODFHSUHFDXWLRQV
• HQYLURQPHQWDO PRQLWRULQJ DQG KHDOWK VXUYHLOODQFH WR FKHFN RQ WKH
HIIHFWLYHQHVV RI KHDOWK FRQWURO PHDVXUHV DQG WR GHWHFW HDUO\ VLJQV RI
KDUPWRKHDOWK
• GLUHFW REVHUYDWLRQ RI ZRUN DQG EHKDYLRXU E\ ILUVW OLQH VXSHUYLVRUV WR
DVVHVVFRPSOLDQFHWRSURFHGXUHVUXOHVDQGULVNVFRQWURO
• WKHRSHUDWLRQRIDXGLWV\VWHPV
• UHJXODU UHYLHZ RI KHDOWK DQG VDIHW\ SHUIRUPDQFH UHSRUWV E\ WKH %RDUG
RI'LUHFWRUV


*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

5HDFWLYHPRQLWRULQJV\VWHPV
,GHQWLI\ ZKHUH KHDOWK DQG VDIHW\ VWDQGDUGV DUH QRW EHLQJ PHW DQG UHSRUW
DQGDQDO\VHIDLOXUHV±IRUH[DPSOHDFFLGHQWVFDVHVRILOOKHDOWKRUGDPDJH
WRSURSHUW\

:KHQ UHSRUWLQJ DQG UHVSRQVH V\VWHPV DUH SXW LQ SODFH LW LV LPSRUWDQW WR
HQVXUH WKDW PRQLWRULQJ LQIRUPDWLRQ LV HYDOXDWHG E\ SHRSOH FRPSHWHQW WR
UHFRJQLVHVLWXDWLRQVZKHUHWKHUHLVDQ LPPHGLDWH ULVNWRKHDOWKRUVDIHW\
DV ZHOO DV ORQJHU WHUP WUHQGV 7KH\ VKRXOG KDYH VXIILFLHQW DXWKRULW\ WR
HQVXUH WKDW DSSURSULDWH UHPHGLDO DFWLRQ LV WDNHQ (IIHFWLYH LQYHVWLJDWLRQ
DQGDQDO\VLVUHTXLUHVWKDW

• SULRULW\LVJLYHQWRLQFLGHQWVZKLFKLQGLFDWHWKHJUHDWHVWULVN
• LGHQWLILFDWLRQ RI ERWK WKH LPPHGLDWH DQG WKH XQGHUO\LQJ FDXVHV RI
HYHQWV
• LQIRUPDWLRQ UHDFKHV PDQDJHPHQW ZLWK VXIILFLHQW DXWKRULW\ WR LQLWLDWH
UHPHGLDODFWLRQLQFOXGLQJRUJDQLVDWLRQDODQGSROLF\FKDQJHV
• DGHTXDWH DQDO\VLV LV PDGH RI DOO FROOHFWHG GDWD WR LGHQWLI\ FRPPRQ
IHDWXUHVRUWUHQGVDQGLQLWLDWHLPSURYHPHQWVDWDQRUJDQLVDWLRQDOOHYHO

7KH UHVSRQVH WR DXGLWLQJ LV WKH ILQDO VWHS LQ WKH KHDOWK DQG VDIHW\
PDQDJHPHQW F\FOH 7RJHWKHU SHUIRUPDQFH DXGLWLQJ DQGUHYLHZ FRQVWLWXWH
WKH
IHHGEDFN ORRS
 QHHGHG WR HQDEOH WKH RUJDQLVDWLRQ WR PDLQWDLQ DQG
GHYHORS LWV DELOLW\ WR PDQDJH ULVNV WR WKH IXOOHVW SRVVLEOH H[WHQW $XGLWLQJ
DQG UHYLHZ HQVXUH WKDW DQ\ LQDGHTXDWH SHUIRUPDQFH LV LGHQWLILHG DQG
DSSURSULDWH UHPHGLDO DFWLRQ LV SXW LQWR HIIHFW 5HJXODU DXGLWLQJ RI KHDOWK
DQG VDIHW\ V\VWHPV FDQ LGHQWLI\ ZKHWKHU WKH\ KDYH GHWHULRUDWHG RU DUH
EHFRPLQJ REVROHWH $XGLWLQJ QHHGV WR EH FRPSUHKHQVLYH DQG WR H[DPLQH
RYHU WLPH DOO WKH FRPSRQHQWV RI WKH KHDOWK DQG VDIHW\ PDQDJHPHQW
V\VWHPVLQDQRUJDQLVDWLRQ

 5HOHYDQFH RI 2FFXSDWLRQDO +HDOWK  6DIHW\ $XGLWDEOH 6WDQGDUG
2+6$6

+6*  FRQWDLQV JXLGDQFH RQ FRPSOLDQFH ZLWK WKH UHTXLUHPHQWV RI WKH
0DQDJHPHQW RI +HDOWK  6DIHW\ DW :RUN 5HJXODWLRQV  0+6$:
5HJXODWLRQ±+HDOWK 6DIHW\$UUDQJHPHQWVDQGWKHEDVLVRID+HDOWK 
6DIHW\0DQDJHPHQW6\VWHP+606PRGHO

2+6$6  LV LQFUHDVLQJO\ WKH SUHIHUUHG +HDOWK  6DIHW\ 0DQDJHPHQW
6\VWHPPRGHO,IFRUUHFWO\XVHGLQFRQMXQFWLRQZLWKWKHJXLGDQFHGHWDLOHG
ZLWKLQ +6*  FRPSOLDQFH WR WKH UHTXLUHPHQWV RI 5HJXODWLRQ  RI
0+6$:LVDFKLHYHG

• WKHVWUXFWXUHRI2+6$6VWDQGDUGHQDEOHVRWKHUPRUHFRPPRQO\
XVHG VWDQGDUGV VXFK DV %6 (1 ,62  4XDOLW\ 0DQDJHPHQW  %6
(1 ,62  (QYLURQPHQWDO 0DQDJHPHQW WR EH HDVLO\ WUDQVSRVHG
LQWRDVLQJXODU,QWHJUDWHG0DQDJHPHQW6\VWHP,06FRYHULQJDOOWKUHH
LQWHUQDOFRPSDQ\GLVFLSOLQHV

• WKH 8. $FFUHGLWDWLRQ 6RFLHW\ FXUUHQWO\ OLVW RQO\  ERGLHV FDSDEOH RI
FHUWLI\LQJ WR 2+6$6   2WKHU ERGLHV PD\ RIIHU DXGLWLQJ WR WKH
VWDQGDUGEXWFDQQRWRIIHUFHUWLILFDWLRQ



*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

 5LVN$VVHVVPHQW

5LVNDVVHVVPHQWLVDNH\DFWLYLW\LQWKHPDQDJHPHQWRIKHDOWKDQGVDIHW\
7KH PDLQ KHDOWK DQGVDIHW\ OHJLVODWLYH UHTXLUHPHQW IRU ULVN DVVHVVPHQW LV
GHWDLOHG XQGHU WKH 0DQDJHPHQW RI +HDOWK  6DIHW\ DW :RUN 5HJXODWLRQV


,W VKRXOG EH QRWHG WKDW RWKHU OHJLVODWLRQ VXFK DV &RQILQHG 6SDFHV
5HJXODWLRQV &RQWURORI6XEVWDQFHV+D]DUGRXVWR+HDOWK 5HJXODWLRQV
 DV DPHQGHG  0DQXDO +DQGOLQJ 5HJXODWLRQV  DV DPHQGHG
HWFDOOUHTXLUHDQDVVHVVPHQWRIULVNWREHXQGHUWDNHQ

9DULRXVWHFKQLTXHVDUHDYDLODEOHDQGVRPHDUHPRUHVXLWHGWKDQRWKHUVWR
GLIIHUHQWSKDVHVRIWKHGHVLJQPDQXIDFWXUHFRQVWUXFWLRQFRPPLVVLRQLQJ
RSHUDWLRQPDLQWHQDQFHDQGGHFRPPLVVLRQLQJDFWLYLWLHV

$QRUJDQLVDWLRQ¶VKHDOWKDQGVDIHW\PDQDJHPHQWV\VWHPVKRXOGGHILQHWKH
ULVNDVVHVVPHQWWHFKQLTXHVWREHXVHGDWHDFKRIWKHSURMHFWGLVFLSOLQHVWR
EH XQGHUWDNHQ 7KLV VKRXOG DOVR LQFOXGH WKH OHYHO RI FRPSHWHQFH UHTXLUHG
IURPWKRVHFDUU\LQJRXWWKHULVNDVVHVVPHQWV

5LVN DVVHVVPHQWV VKRXOG DGGUHVV DOO KHDOWK VDIHW\ DQG HQYLURQPHQWDO
ULVNV GXULQJ DOO SKDVHV RI WKH OLIH F\FOH RI D SURMHFW LQFOXGLQJ WKRVH WR
PHPEHUVRIWKHSXEOLFDVZHOODVDOOSHUVRQQHOZRUNLQJRQVLWH

7KH ILQGLQJV RID ULVN DVVHVVPHQW VKRXOGEH LQ WKH IRUP RI FRQWUROVWR EH
DSSOLHG WRWKH ZRUN SODFH WR UHGXFH H[SRVXUH WR WKH LGHQWLILHG ULVNV%RWK
WKH LGHQWLILHG ULVNV DQG WKH FRQWURO PHDVXUHV VHOHFWHG WR SUHYHQW WKH
UHDOLVDWLRQ RI WKRVH ULVNV VKRXOG EH FRPPXQLFDWHG WR WKRVH FDUU\LQJ RXW
WKHZRUNSULRUWRZRUNFRPPHQFLQJ5HFRUGVRIDOOLQIRUPDWLRQLQVWUXFWLRQ
DQGWUDLQLQJDUHUHTXLUHGWREHUHWDLQHGDVHYLGHQFHWKH\ZHUHSURYLGHG

,QLWLDOJXLGDQFH RQ ULVN DVVHVVPHQW FDQ EH IRXQG LQ WKH +6(¶V SXEOLFDWLRQ
,1'*µ6WHSVWR5LVN$VVHVVPHQW¶



*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

 0DQDJHPHQWRI&KDQJH

$OO WHPSRUDU\ DQG SHUPDQHQW FKDQJHV  WR RUJDQLVDWLRQ SHUVRQQHO
V\VWHPV SURFHGXUHV HTXLSPHQW SURGXFWV PDWHULDOV  RU  VXEVWDQFHV
VKRXOGEHHYDOXDWHGDQGPDQDJHGWRHQVXUHWKDWKHDOWKVDIHW\DQG
HQYLURQPHQWDO ULVNV DULVLQJ  IURP WKHVH FKDQJHV UHPDLQ DW DQ DFFHSWDEOH
OHYHO

7KH0DQDJHPHQWRI&KDQJHSURFHVVVKRXOGFRQVLGHU

• ULVNDVVHVVPHQW
• WKH UHYLVLRQ RI H[LVWLQJ GRFXPHQWDWLRQ RU WKH LVVXLQJ RI D PHWKRG
VWDWHPHQWRUZRUNLQVWUXFWLRQ
• WKHLQWURGXFWLRQRIDUHDOLVWLFWLPHVFDOHWRLPSOHPHQWFRQWUROPHDVXUHV
DQGDQ\FKDQJH
• WKH LGHQWLILFDWLRQ RI WKH FRQWURO PHDVXUHV ZKLFK DUH WR EH
LPSOHPHQWHG

$Q\ UHYLVLRQV WR H[LVWLQJ GRFXPHQWDWLRQ RU WKH LVVXLQJ RI QHZ
GRFXPHQWDWLRQ PXVW EH DXWKRULVHG E\ WKH UHVSRQVLEOH SHUVRQV
3HUVRQQHO DVVLJQHG WR WKH WDVN RU SURFHGXUH VKDOO EH LQYROYHG LQ WKLV
SURFHVVVRWKH\KDYHDIXOOXQGHUVWDQGLQJRIDQ\SURSRVHGFKDQJHV

:KHUH PDMRU FKDQJHV DUH SODQQHG LW LV LPSRUWDQW WKDW WKHLU SRWHQWLDO
LPSDFWRQWKHKHDOWKDQGVDIHW\RIWKHSURMHFWLVSURSHUO\DVVHVVHGVRWKDW
KD]DUGV RU ULVNV DVVRFLDWHG ZLWK WKH FKDQJH DUH LGHQWLILHG DQG PDQDJHG
7KH&'0UHJXODWLRQVUHTXLUHDOOSDUWLHVWRFRRSHUDWHDQGFRRUGLQDWHWKHLU
DFWLYLWLHV DQG WKLV UHTXLUHV FOHDU FKDQQHOV RI FRPPXQLFDWLRQ WR EH VHW XS
DQGPDLQWDLQHG$PDQDJHPHQWRIFKDQJHSURFHGXUHVKRXOGEHHVWDEOLVKHG
DWWKHVWDUWRIDSURMHFWWRHQVXUHFKDQJHVDUHPDQDJHGDQGLPSOHPHQWHG
HIIHFWLYHO\


*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

 /HJLVODWLRQDQG6WDQGDUGV

 5HOHYDQW+HDOWKDQG6DIHW\/HJLVODWLRQ

7KHOHJLVODWLRQZKLFKLVOLNHO\WREHPRVWUHOHYDQWWRGLIIHUHQWSKDVHVRID
0DULQH 5HQHZDEOHV 3URMHFW LV OLVWHG LQ WKH WDEOH EHORZ 7KH &RQVWUXFWLRQ
'HVLJQ  0DQDJHPHQW 5HJXODWLRQV  &'0 5HJXODWLRQV VXSSRUWHG
E\ WKH +HDOWK  6DIHW\ DW :RUN $FW  DQG 0DQDJHPHQW RI +HDOWK 
6DIHW\ DW :RUN 5HJXODWLRQV  LV WKH PDLQ SLHFH RI KHDOWK DQG VDIHW\
PDQDJHPHQW OHJLVODWLRQ ZKLFK LV UHTXLUHG WR EH XVHG ZKHQ SUHSDULQJ IRU
DQG FDUU\LQJ RXW FRQVWUXFWLRQ DFWLYLWLHV LQFOXGLQJ WKH SODQQLQJ GHVLJQ
LQVWDOODWLRQFRPPLVVLRQLQJPDLQWHQDQFHDQGGHFRPPLVVLRQLQJRID0DULQH
5HQHZDEOHV3URMHFW

7KHWDEOHLVLQWHQGHGWRSURYLGHDJXLGHWRHDFKRIWKHSURMHFWSKDVHVRID
0DULQH 5HQHZDEOHV 3URMHFW OLIHF\FOH GHVFULEHG LQ 6HFWLRQV  WR  LQWR
ZKLFK HDFK DFW RU UHJXODWLRQ PD\ DSSO\ ,W LV QRW H[KDXVWLYH DQG WKH
LQGLFDWLRQRIDSSOLFDELOLW\VKRXOGQRWEHWDNHQDVDOHJDOLQWHUSUHWDWLRQ

,W LV UHFRJQLVHG WKDW WKH XQLTXH QDWXUH RI HDFK W\SH RI PDULQH HQHUJ\
GHYLFH PD\ UDLVH TXHVWLRQV RI DSSOLFDELOLW\ RI WKH LGHQWLILHG OHJLVODWLRQ ,Q
WKH LQWHUHVWVRISHUVRQDOVDIHW\DQG LQWKHDEVHQFHRIVSHFLILFGLUHFWLRQLW
LV UHFRPPHQGHG WKDW WKLV OHJLVODWLRQ EH DGRSWHG DQG DSSOLHG ZKHUHYHU
SUDFWLFDEOH

,W LV DOVR UHFRJQLVHG WKDW VRPH DVSHFWV RI 0DULQH 2SHUDWLRQV PD\ IDOO
XQGHU WKH 0HUFKDQW 6KLSSLQJ 5HJXODWLRQV DQG MXULVGLFWLRQ RI WKH 0DULWLPH
DQG &RDVWJXDUG $JHQF\ 0&$  $GGLWLRQDO JXLGDQFH KDV EHHQ SURYLGHG
ZLWKLQWKH0DULQH/HJLVODWLRQVHFWLRQEHORZ

8QGHUQRUPDOFRQGLWLRQVWKH0DVWHURIWKHYHVVHOZRXOGEHUHVSRQVLEOHIRU
LPSOHPHQWLQJWKHUHTXLUHPHQWVRIWKH8.0DULQH OHJLVODWLRQDQGUHSRUWLQJ
WR WKH 0&$ DQG WKH 3ULQFLSOH &RQWUDFWRU ZLOO LPSOHPHQW 8. +HDOWK DQG
6DIHW\/HJLVODWLRQIRUWKHFRQVWUXFWLRQDFWLYLWLHVUHSRUWLQJWRWKH+6(

7KH 0&$ ZLOO EH WKH OHDG DXWKRULW\ IRU LQVSHFWLRQ RI DQG 0$,% IRU WKH
LQYHVWLJDWLRQRIDFFLGHQWVWRRURQDQ\YHVVHOZKLFKLVXVHGLQQDYLJDWLRQ
0&$¶V LQWHUHVW LV LQ WKH VHDZRUWKLQHVV RI WKH YHVVHO DQG WKH VDIHW\ DQG
FRPSHWHQFH RI WKH FUHZ 7KH +6( ZLOO EH WKH OHDG DXWKRULW\ IRU
HQIRUFHPHQW DQG LQYHVWLJDWLRQ RI RFFXSDWLRQDO DFFLGHQWV LQFOXGLQJ
DFFLGHQWV WR ZRUNHUV RQ WKH YHVVHO UHVXOWLQJ IURP ODQG EDVHG ZRUNV RU
XQGHUWDNLQJVLQFOXGLQJHJGRFNZRUNGULOOLQJLQWRWKHVHDEHGDQGUHODWHG
DFWLYLWLHV

:KHUH LPPHGLDWH DFWLRQ LV UHTXLUHG +6( RU 0&$ VXUYH\RUV ZLOO EH
H[SHFWHGWRWDNHLWDQGQRWLI\HDFKRWKHU¶VRUJDQLVDWLRQVDFFRUGLQJO\

7KH OHJLVODWLRQ LV VHW RXW PRUH IXOO\ LQ $SSHQGL[  ZKLFK LQFOXGHV D
V\QRSVLV RI HDFK LWHP 0RUH UHFHQW 8. KHDOWK DQG VDIHW\ OHJLVODWLRQ KDV
EHHQGUDIWHGWRHQDFW(XURSHDQ'LUHFWLYHVDQGWKXVWKHJHQHUDOSURYLVLRQV
VKRXOG SURYH IDPLOLDU WR VXLWDEO\ FRPSHWHQW SHUVRQV IURP RWKHU (8
FRXQWULHV



*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

1DPHRI/HJLVODWLRQ 6HFWLRQ
   
+HDOWK 6DIHW\DW:RUNHWF$FW ¥ ¥ ¥ ¥
0DQDJHPHQWRI+HDOWK 6DIHW\DW:RUN5HJV ¥ ¥ ¥ ¥
7KH&RQVWUXFWLRQ'HVLJQ 0DQDJHPHQW5HJV ¥ ¥ ¥ ¥
0HUFKDQW6KLSSLQJDQG)LVKLQJ9HVVHOV+HDOWK 6DIHW\DW:RUN5HJV   ¥ ¥
0HUFKDQW 6KLSSLQJ &RGH RI 6DIH :RUNLQJ 3UDFWLFHV IRU 0HUFKDQW 6HDPHQ ¥ ¥ ¥ 
5HJXODWLRQV
7KH:RUNSODFH+HDOWK6DIHW\ :HOIDUH5HJV ¥ ¥ ¥ ¥
7KH'RFNV5HJXODWLRQV   ¥ ¥
7KH5HJXODWRU\5HIRUP)LUH6DIHW\2UGHU ¥ ¥ ¥ ¥
)LUH6FRWODQG$FW ¥ ¥ ¥ ¥
)LUH6DIHW\6FRWODQG5HJXODWLRQV ¥ ¥ ¥ ¥
7KH+HDOWK 6DIHW\&RQVXOWDWLRQZLWK(PSOR\HHV5HJXODWLRQV ¥ ¥ ¥ ¥
7KH6DIHW\5HSUHVHQWDWLYHVDQG6DIHW\&RPPLWWHH5HJXODWLRQV ¥ ¥ ¥ ¥
7KH'LYLQJ5HJXODWLRQV   ¥ ¥
3URYLVLRQDQG8VHRI:RUN(TXLSPHQW5HJXODWLRQV ¥ ¥ ¥ ¥
7KH6XSSO\RI0DFKLQHU\6DIHW\5HJXODWLRQVDVDPG ¥ ¥ ¥ ¥
/LIWLQJ2SHUDWLRQVDQG/LIWLQJ(TXLSPHQW5HJXODWLRQV ¥ ¥ ¥ ¥
3UHVVXUH(TXLSPHQW5HJXODWLRQV3UHVVXUH(TXLSPHQW'LUHFWLYH ¥ ¥ ¥ ¥
3UHVVXUH6\VWHP6DIHW\5HJXODWLRQV ¥ ¥ ¥ ¥
(OHFWULFLW\DW:RUN5HJXODWLRQV ¥ ¥ ¥ ¥
7KH(OHFWULFLW\6DIHW\4XDOLW\DQG&RQWLQXLW\5HJXODWLRQV ¥ ¥ ¥ ¥
7KH(OHFWURPDJQHWLF&RPSDWLELOLW\5HJXODWLRQV ¥ ¥ ¥ ¥
:RUNLQJDW+HLJKW5HJV  ¥ ¥ ¥
&RQILQHG6SDFHV5HJXODWLRQV  ¥ ¥ ¥
7KH&RQWURORI9LEUDWLRQDW:RUN5HJXODWLRQV ¥ ¥ ¥ ¥
1RLVHDW:RUN5HJXODWLRQV ¥ ¥ ¥ ¥
&RQWURORI6XEVWDQFHV+D]DUGRXVWR+HDOWKDVDPG ¥ ¥ ¥ ¥
'DQJHURXV6XEVWDQFHVDQG([SORVLYH$WPRVSKHUHV5HJXODWLRQV ¥ ¥ ¥ ¥
7KH &DUULDJH RI 'DQJHURXV 6XEVWDQFHV  8VH RI 7UDQVSRUWDEOH 3UHVVXUH  ¥ ¥ ¥
+HDOWK 6DIHW\'LVSOD\6FUHHQ(TXLSPHQW5HJXODWLRQVDVDPG ¥ ¥ ¥ ¥
0DQXDO+DQGOLQJ5HJXODWLRQVDVDPG ¥ ¥ ¥ ¥
3HUVRQQHO3URWHFWLYH(TXLSPHQW5HJXODWLRQVDVDPG ¥ ¥ ¥ ¥
7KH&RQVWUXFWLRQ+HDG3URWHFWLRQ5HJXODWLRQV ¥ ¥ ¥ ¥
7KH+HDOWK 6DIHW\6DIHW\6LJQVDQG6LJQDOV5HJXODWLRQV ¥ ¥ ¥ ¥
7KH+HDOWK 6DIHW\)LUVW$LG5HJXODWLRQV ¥ ¥ ¥ ¥
7KH5HSRUWLQJRI,QMXULHV'LVHDVHVDQG'DQJHURXV2FFXUUHQFHV5HJXODWLRQV ¥ ¥ ¥ ¥
+HDOWK 6DIHW\0LVFHOODQHRXV$PHQGPHQWV5HJXODWLRQV ¥ ¥ ¥ ¥
7KH&RDVW3URWHFWLRQ$FWDVDPHQGHGE\WKH0HUFKDQW6KLSSLQJ$FW ¥ ¥ ¥ ¥
7KH)DFWRULHV$FW ¥ ¥ ¥ ¥
2IILFHV6KRSVDQG5DLOZD\3UHPLVHV$FW ¥ ¥ ¥ ¥

 0DULQH/HJLVODWLRQ

2YHU WKH \HDUV YDULRXV LQWHUQDWLRQDO FRQYHQWLRQV KDYH EHHQ UDWLILHG WR
FRYHUKHDOWKDQGVDIHW\RIPHUFKDQWVKLSSLQJDQGWKHXVHDQGRSHUDWLRQRI
YHVVHOV 8QGHU WKH 0HUFKDQW 6KLSSLQJ $FW WKH 8. *RYHUQPHQW KDV
DGRSWHG WKH LQWHUQDWLRQDO FRQYHQWLRQ RUGHUV DQG LPSOHPHQWHG LWV
UHTXLUHPHQWVLQWR8./DZXVXDOO\XQGHU³0HUFKDQW6KLSSLQJ5HJXODWLRQV´
7KH 0&$ DUH UHVSRQVLEOH IRU PRQLWRULQJ WKH LPSOHPHQWDWLRQ RI8. 0DULQH
OHJLVODWLRQ

7KH VSHFLDOLVW W\SH QDWXUH DQG DYDLODELOLW\ RI DSSURSULDWH FRQVWUXFWLRQ
YHVVHOV PDQ\ RI ZKLFK DUH FRQWUDFWHG IURP QRQ8. FRXQWULHV PDNH LW
GLIILFXOWWRHQVXUHYHVVHOFRPSOLDQFHZLWK8.0DULQHOHJLVODWLRQ7KHVHQRQ
8.YHVVHOVVKDOOKRZHYHUFRPSO\ZLWKWKHLURZQFRXQWU\¶VLQWHUSUHWDWLRQRI
WKHLQWHUQDWLRQDOFRQYHQWLRQVIRUVKLSSLQJ



*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

8QGHUWKH&RQVWUXFWLRQ'HVLJQ 0DQDJHPHQW 5HJXODWLRQVFOLHQWV

DQG SULQFLSDO FRQWUDFWRUV KDYH VSHFLILF UHVSRQVLELOLW\ IRU HQVXULQJ WKH
FRPSHWHQFHRIFRQWUDFWRUVZKRWKH\PD\HQJDJHWRFDUU\RXWZRUNRQ
WKHLUVLWH

7KHUHIRUHDOORUJDQLVDWLRQVFRQVWUXFWLQJ0DULQH5HQHZDEOHV3URMHFWVZLWKLQ
WKHMXULVGLFWLRQRIWKH8.VKRXOGHQVXUHDOOYHVVHOVFRQWUDFWHGFRPSO\ZLWK
DV D PLQLPXP WKH LQWHUQDWLRQDO FRQYHQWLRQV GHWDLOHG EHORZ DV
DSSURSULDWHWRWKHVSHFLILFYHVVHOVDQGWKHLULQWHQGHGWDVNV

62/$6±6DIHW\RI/LIHDW6HD
,QWHUQDWLRQDO&RQYHQWLRQIRUWKH6DIHW\RI/LIHDW6HD62/$6

67&:  ,QWHUQDWLRQDO &RQYHQWLRQ RQ 6WDQGDUGV RI 7UDLQLQJ &HUWLILFDWLRQ
DQG:DWFKNHHSLQJIRU6HDIDUHUV

&2/5(*  &RQYHQWLRQ RQ WKH ,QWHUQDWLRQDO 5HJXODWLRQV IRU 3UHYHQWLQJ
&ROOLVLRQVDW6HD

0$532/  7KH FXUUHQW &RQYHQWLRQ LV D FRPELQDWLRQ RI  &RQYHQWLRQ
WKH  3URWRFRO DQG WKH YDULRXV DQQH[HV HQDFWHG WR GDWH  ,W HQWHUHG
LQWR IRUFH RQ  2FWREHU  $V DW  'HFHPEHU   FRXQWULHV
UHSUHVHQWLQJ  RI WKH ZRUOG
V VKLSSLQJ WRQQDJH DUH SDUWLHV WR WKH
&RQYHQWLRQ

0DULQH *XLGDQFH 1RWH   2IIVKRUH 5HQHZDEOH (QHUJ\ ,QVWDOODWLRQV
25(,V  *XLGDQFH RQ 8. 1DYLJDWLRQDO 3UDFWLFH 6DIHW\ DQG (PHUJHQF\
5HVSRQVH,VVXHV

 5HOHYDQW6WDQGDUGVDQG*XLGHOLQHV

:LWK WKH PDULQH UHQHZDEOHV LQGXVWU\ VWLOO DW DQ HDUO\ VWDJH RI
GHYHORSPHQW UHOHYDQW VWDQGDUGV DUH FXUUHQWO\ EHLQJ DGRSWHG IURP RWKHU
WHFKQRORJLHV 7KHUH DUH D QXPEHU RI ,QGXVWU\ VSHFLILF VWDQGDUGV DQG
JXLGHOLQHV FXUUHQWO\ EHLQJ GUDIWHG ZKLFK ZLOO EH SXEOLVKHG GXULQJ 
7KHVHDUH

• WDQNWHVWLQJRI:DYH(QHUJ\&RQYHUVLRQ6\VWHPV
• WDQNWHVWLQJRI7LGDO(QHUJ\&RQYHUVLRQ6\VWHPV
• JXLGHOLQHVIRU0DULQH(QHUJ\&HUWLILFDWLRQ6FKHPHV
• DVVHVVPHQWRI3HUIRUPDQFHRI7LGDO(QHUJ\&RQYHUVLRQ6\VWHPV
• DVVHVVPHQWRI3HUIRUPDQFHRI:DYH(QHUJ\&RQYHUVLRQ6\VWHPV
• DVVHVVPHQWRI7LGDO(QHUJ\5HVRXUFH
• DVVHVVPHQWRI:DYH(QHUJ\UHVRXUFH
• JXLGHOLQHV IRU 0DQXIDFWXULQJ $VVHPEO\ DQG 7HVWLQJ RI 0DULQH (QHUJ\
&RQYHUVLRQ6\VWHPV
• JXLGHOLQHVIRU3URMHFW'HYHORSPHQWLQWKH0DULQH(QHUJ\,QGXVWU\
• JXLGHOLQHVIRU*ULG&RQQHFWLRQRI0DULQH(QHUJ\&RQYHUVLRQ6\VWHPV
• JXLGHOLQHVIRU(QYLURQPHQWDO$SSUDLVDOLQWKH0DULQH(QHUJ\,QGXVWU\ 
• JXLGHOLQHVIRU'HVLJQ%DVLVRI0DULQH(QHUJ\&RQYHUVLRQ6\VWHPV

7KH DERYH JXLGHOLQHV DUH EHLQJ SURGXFHG E\ WKH (XURSHDQ 0DULQH (QHUJ\
&HQWUHIXQGHGE\WKH6FRWWLVKDQGWKH8.*RYHUQPHQWV


*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

2WKHUXVHIXOUHIHUHQFHVLQFOXGH

0DQDJHPHQWV6\VWHP0RGHOV
• %6(1,624XDOLW\0DQDJHPHQW6\VWHPV
• %6(1,62(QYLURQPHQWDO0DQDJHPHQW6\VWHPV
• %6(1,62+HDOWK 6DIHW\0DQDJHPHQW6\VWHPV
• ,62DQG7LFN,7DFFUHGLWDWLRQ,62IRUVRIWZDUHOLIHF\FOH

0DULQH(QHUJ\&RQYHUWHU6SHFLILF
• JXLGHOLQHV IRU WKH XVH RI PHWRFHDQ GDWD WKURXJK WKH OLIHF\FOH RI D
PDULQHUHQHZDEOHGHYHORSPHQW¶&,5,$
• (0(& 'UDIW 6WDQGDUG ³3HUIRUPDQFH $VVHVVPHQW IRU :DYH (QHUJ\
&RQYHUVLRQ6\VWHPVLQ2SHQ6HD7HVW)DFLOLWLHV´
• '19  *XLGHOLQHV RQ GHVLJQ DQG RSHUDWLRQ RI ZDYH HQHUJ\
FRQYHUWHUV $ JXLGH WR DVVHVVPHQW DQG DSSOLFDWLRQ RI HQJLQHHULQJ
VWDQGDUGVDQGUHFRPPHQGHGSUDFWLFHVIRUZDYHFRQYHUVLRQGHYLFHV
• '19266  &HUWLILFDWLRQ RI WLGDO DQG ZDYH HQHUJ\
FRQYHUWHUVLQSUHSDUDWLRQ

'HVLJQ
• '1953&6KHOO%XFNOLQJ
• '1953&)DWLJXH'HVLJQRI2IIVKRUH6WHHO6WUXFWXUHV
• '195XOHVIRU3ODQQLQJDQG([HFXWLRQRI0DULQH2SHUDWLRQV
• '1926$6DIHW\3ULQFLSOHVDQG$UUDQJHPHQW
• '1926& 'HVLJQ RI 2IIVKRUH 6WHHO 6WUXFWXUHV *HQHUDO /5)'
PHWKRG
• '1926&6WDELOLW\DQG:DWHUWLJKW,QWHJULW\
• '1926(3RVLWLRQ0RRULQJ
• '1926'0DULQHDQG0DFKLQHU\6\VWHPVDQG(TXLSPHQW
• 3('3UHVVXUH(TXLSPHQW'LUHFWLYH(&
• ,((  5HFRPPHQGDWLRQV IRU WKH (OHFWULFDO DQG (OHFWURQLF
(TXLSPHQWRI0RELOHDQG)L[HGRIIVKRUHLQVWDOODWLRQ
• ,(&6DIHW\RIPDFKLQHU\±(OHFWULFDOHTXLSPHQWRIPDFKLQHV±
3DUW*HQHUDOUHTXLUHPHQWV
• %6,((:LULQJ5HJXODWLRQVWK(GLWLRQ
• %6SURFHVVFRQWUROLQVWDOODWLRQDQGSUDFWLFH
• %6SURJUDPPDEOHHOHFWURQLFV\VWHPVLQVDIHW\UHODWHGIXQFWLRQV
• ,(&3/&SURJUDPPLQJVWDQGDUG
• '1926',QVWUXPHQWDWLRQDQG7HOHFRPPXQLFDWLRQ6\VWHPV

'HSOR\PHQW
• '1953+5LVNPDQDJHPHQWLQPDULQHDQGVXEVHDRSHUDWLRQV
• '1926-5XOHVIRUSODQQLQJDQGH[HFXWLRQRIPDULQH
RSHUDWLRQV
• +6(2750DULQHULVNDVVHVVPHQW

7KLVLVQRWLQWHQGHGWREHDQH[KDXVWLYHOLVWDQGWKHGHYHORSHUZLOOQHHGWR
UHVHDUFK WKH JXLGHOLQHV DQG VWDQGDUGV PRVW DSSURSULDWH WR WKHLU
WHFKQRORJ\


*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

 7KH &RQVWUXFWLRQ 'HVLJQ DQG 0DQDJHPHQW 5HJXODWLRQV 

&'0UHJXODWLRQV

 ,QWURGXFWLRQWR&'0

7KH&RQVWUXFWLRQ'HVLJQDQG0DQDJHPHQW5HJXODWLRQVSODFH
GXWLHV RQ WKH FOLHQW GHVLJQHU DQGRU RWKHUV LQ UHODWLRQ WR
FRQVWUXFWLRQ SURMHFWV LQ WKH 8. LWV WHUULWRULDO ZDWHUV DQG RU
H[WHQVLRQV RXWVLGH RI WKH 8. DV GHILQHG ZLWKLQ WKH $SSOLFDWLRQ
2XWVLGH RI *UHDW %ULWDLQ 2UGHU  DQG LQFOXGHV FRQVWUXFWLRQ
ZLWKLQD0DULQHHQYLURQPHQW

7KH&'0UHJXODWLRQVDUHVHWRXWLQWKHIROORZLQJSDUWV

3DUW±,QWURGXFWLRQ
'HVFULEHVLQWHUSUHWDWLRQDQGDSSOLFDWLRQRIWKHUHJXODWLRQV

3DUW  ± *HQHUDO PDQDJHPHQW GXWLHV DSSO\LQJ WR FRQVWUXFWLRQ
SURMHFWV
'HWDLOVDOOGXWLHVWREHDSSOLHGWRDOOFRQVWUXFWLRQSURMHFWVLQFOXGLQJ
QRQQRWLILDEOH

3DUW±$GGLWLRQDOGXWLHVZKHUHSURMHFWVLVQRWLILDEOH
'HWDLOVVSHFLILFGXWLHVWREHDSSOLHGWRSURMHFWVZKLFKDUHQRWLILDEOH

3DUW±'XWLHVUHODWLQJWRKHDWK VDIHW\RQFRQVWUXFWLRQVLWHV
3URYLGHVGHWDLORIVSHFLILFSUHFDXWLRQVWREHDGRSWHGDQGXVHGRQDOO
FRQVWUXFWLRQVLWHV

3DUW  ± *HQHUDO ± 'HVFULEHV FLYLO OLDELOLW\ HQIRUFHPHQWWUDQVLWLRQ
UHYRFDWLRQVDQGDPHQGPHQWV

$OO UHJXODWLRQV GXW\ KROGHU UHVSRQVLELOLWLHV GXWLHV DQG FRGHV RI
SUDFWLFH DUH IXOO\ H[SODLQHG ZLWKLQ WKH $SSURYHG &RGH RI 3UDFWLFH
$&23  +6& 'RFXPHQW 0DQDJLQJ KHDOWK DQG VDIHW\ LQ
FRQVWUXFWLRQ/±,6%1

 1RWLILDEOH3URMHFWV

1RWLILDEOH 3URMHFWV DUH WKRVH ZKLFK UHTXLUH WR EH QRWLILHG WR WKH
+6(7KH&'0UHJXODWLRQVUHTXLUHWKH &'0 &RRUGLQDWRUWRHQVXUH
QRWLILFDWLRQLVSURYLGHGWRWKH+6(WKURXJKWKH+6()RUP)UHY
RULILQ1RUWKHUQ,UHODQG1,

$SURMHFWVKDOOUHTXLUHWREHQRWLILHGWRWKH+6(ZKHQ
• WKH ZRUN LV GHILQHG DV FRQVWUXFWLRQ ZRUN ZLWKLQ WKH PHDQLQJ
GHVFULEHGLQ3DUW±5HJXODWLRQ,QWHUSUHWDWLRQ
• WKH FRQVWUXFWLRQ ZRUN VKDOO WDNH ORQJHU WKDQ  GD\V WR
FRPSOHWHRU
• WKH FRQVWUXFWLRQ ZRUN VKDOO WDNH ORQJHU WKDQ  SHUVRQ KRXUV
WRFRPSOHWH



*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

,QPRVWFDVHVWKHFRQVWUXFWLRQRID0DULQH5HQHZDEOHV3URMHFWZLOO
EHQRWLILDEOH,WVKRXOGEHQRWHGWKDWVRPHPDLQWHQDQFHZRUNVPD\
DOVR EHFRPH QRWLILDEOH DQG LW LV LPSRUWDQW WKDW WKRVH SODQQLQJ
VLJQLILFDQW PDLQWHQDQFH RU XSJUDGHV DUH DZDUH RI WKHLU
UHVSRQVLELOLWLHVZLWKUHVSHFWWRWKLVOHJLVODWLRQ

 'XW\+ROGHUVXQGHU&'0UHJXODWLRQV

7KH0DLQGXW\KROGHUVXQGHUWKH&'0UHJXODWLRQVDUH
• &OLHQW
• &'0&RRUGLQDWRU1RWLILDEOH3URMHFWRQO\
• 'HVLJQHU
• 3ULQFLSDO&RQWUDFWRUV
• &RQWUDFWRUV

,Q VXPPDU\ DQG SXUHO\ IRU JXLGDQFH WKH UHVSRQVLELOLWLHV LPSRVHG
E\ WKH UHJXODWLRQV RQ WKH 'XW\ +ROGHUV DUH OLVWHG EHORZ ,W LV WKH
UHVSRQVLELOLW\ RI WKRVH LQYROYHG ZLWK SURMHFWV WR HQVXUH WKDW WKH\
XQGHUVWDQG IXOO\ WKH GHWDLOHG UHVSRQVLELOLWLHV DQG UHTXLUHPHQWV
ZLWKLQWKH&'0UHJXODWLRQVDQGDFWDFFRUGLQJO\
 
  &OLHQW±2UJDQLVDWLRQIXQGLQJDSURMHFW

• DSSRLQW D FRPSHWHQW DQG DGHTXDWHO\ UHVRXUFHG &'0 &R

RUGLQDWRUDWDQHDUO\VWDJHLQSURMHFWGHYHORSPHQW
• HQVXUHWKHFRPSHWHQFHDQGDGHTXDWHUHVRXUFHVRIDQ\GHVLJQHU
RUFRQWUDFWRUZKRPWKHFOLHQWPD\DUUDQJHWRSUHSDUHDGHVLJQ
RUFDUU\RXWRUPDQDJHFRQVWUXFWLRQZRUN
• DSSRLQWDGHVLJQHUDQGSULQFLSDOFRQWUDFWRUVDWDQHDUO\HQRXJK
VWDJHIRUWKHPWRSODQDQGFRPSOHWHWKHLUZRUN
• SURYLGHDOOUHOHYDQWSUHFRQVWUXFWLRQLQIRUPDWLRQWKDWLVOLNHO\WR
EHUHTXLUHGE\RWKHUSDUWLHVLQYROYHGLQWKHSURMHFW
• HQVXUH WKH FRRSHUDWLRQ DQG FRRUGLQDWLRQ RI DOO SDUWLHV
WKURXJKRXWWKHSURMHFW
• HQVXUH WKHUH DUH UHDVRQDEOH PDQDJHPHQW DUUDQJHPHQWV IRU
KHDOWKDQGVDIHW\LQSODFHIRUWKHGXUDWLRQRIWKHSURMHFW
• UHFHLYHDQGUHWDLQWKH+HDOWKDQG6DIHW\)LOHIURPWKH&'0&R
RUGLQDWRUDWWKHHQGRIWKHSURMHFWDQGNHHSDYDLODEOHIRUIXWXUH
XVH VXFK DV PDLQWHQDQFH FOHDQLQJ PRGLILFDWLRQV WR RU
GHPROLWLRQ
• ZKHUHDGHVLJQLVSUHSDUHGRUPRGLILHGRXWVLGH*UHDW%ULWDLQIRU
XVHLQFRQVWUXFWLRQZRUNWRZKLFKWKH&'0UHJXODWLRQVDSSO\
,IWKHSHUVRQFRPPLVVLRQLQJWKHGHVLJQLVHVWDEOLVKHGZLWKLQ
*UHDW%ULWDLQWKH\VKDOOHQVXUHDOOWKHGXWLHVRIWKH'HVLJQHU
KDYHEHHQFRPSOLHGZLWK
,IWKHSHUVRQFRPPLVVLRQLQJWKHGHVLJQLVQRWHVWDEOLVKHGLQ
*UHDW %ULWDLQ DQ\ FOLHQW IRU WKH SURMHFW VKDOO HQVXUH DOO WKH
GXWLHVRIWKH'HVLJQHUKDYHEHHQFRPSOLHGZLWK



*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

'HVLJQHUV ± 3HUVRQV RU RUJDQLVDWLRQV PDNLQJ GHFLVLRQV RQ WKH

IRUPQDWXUHVFRSHDQGWLPLQJRIDQ\VWUXFWXUHLQFOXGLQJSODQWDQG
HTXLSPHQW

• HQVXUHWKH\DUHFRPSHWHQWDQGDGHTXDWHO\UHVRXUFHGWRHQDEOH
WKHPWRFRPSOHWHWKHLUZRUN
• HQVXUHFOLHQWVDUHDZDUHRIWKHLUGXWLHV
• HQVXUH WKHLU GHVLJQV DYRLG IRUHVHHDEOH KHDOWK DQG VDIHW\ ULVNV
ZKHUHYHUSRVVLEOHHOLPLQDWHKD]DUGVDQGUHGXFHULVNVWRWKRVH
LQYROYHGLQWKHFRQVWUXFWLRQDQGIXWXUHXVHRIWKHVWUXFWXUH
• HQVXUH DGHTXDWH LQIRUPDWLRQ DERXW DQ\ VLJQLILFDQW ULVNV
DVVRFLDWHGZLWKWKHGHVLJQLVSDVVHGRQWRWKRVHZKRVKDOOFDUU\
RXWWKHFRQVWUXFWLRQ
• FRRSHUDWHDQGFRRUGLQDWHZLWKDOORWKHUSDUWLHVLQYROYHGZLWKLQ
WKHSURMHFW
• SURYLGH WKH &'0 &RRUGLQDWRU DOO UHOHYDQW LQIRUPDWLRQ UHTXLUHG
IRUWKH+HDOWK 6DIHW\)LOH

&'0 &RRUGLQDWRU ± 3HUVRQ  2UJDQLVDWLRQ DSSRLQWHG WR VXSSRUW
DQGDGYLVHFOLHQWLQRUGHUIRUWKHPWRFRPSO\ZLWKWKHLUGXWLHV

• SURYLGH DGYLFH DQG DVVLVWDQFH RQ WKH FRPSHWHQFH RI WKRVH
RWKHUV WR EH DSSRLQWHG ZLWKLQ WKH SURMHFW GHVLJQHUV DQG
FRQWUDFWRUV
• SURYLGHDGYLFHDQGDVVLVWDQFHRQDGHTXDWHDUUDQJHPHQWVDUHLQ
SODFHIRUPDQDJLQJWKHSURMHFW
• QRWLI\WKH+6(RIWKHSURMHFWWKURXJKIRUP)
• HQVXUHWKHFRRSHUDWLRQDQGFRRUGLQDWLRQRIDOOSDUWLHVWKURXJK
WKHGHVLJQSODQQLQJDQGRWKHUSUHSDUDWLRQZRUN
• LGHQWLI\DQGFROOHFWWKHSUHFRQVWUXFWLRQLQIRUPDWLRQUHTXLUHG
• SURYLGH DOO SDUWLHV ZLWK DOO DSSURSULDWH SUHFRQVWUXFWLRQ
LQIRUPDWLRQWKH\PD\UHTXLUH
• DGYLVH WKH FOLHQW RQ WKH VXLWDELOLW\ DQG DGHTXDF\ RI WKH
&RQVWUXFWLRQ3KDVH3ODQ
• FUHDWHDQGXSGDWHD+HDOWK 6DIHW\)LOHVXLWDEOHIRUIXWXUHXVH
DWWKHHQGRIWKHFRQVWUXFWLRQSKDVH

3ULQFLSDO &RQWUDFWRU ± &RPSHWHQW FRQVWUXFWLRQ FRQWUDFWRU
DSSRLQWHGE\WKH&OLHQW

• HQVXUHFOLHQWLVDZDUHRIWKHLUGXWLHV
• HQVXUHDFRRUGLQDWRUKDVEHHQDSSRLQWHG
• HQVXUH+6(QRWLILHGEHIRUHWKH\VWDUWZRUN
• HQVXUH WKH\ DUH FRPSHWHQW WR DGGUHVV WKH KHDOWK DQG VDIHW\
LVVXHV OLNHO\ WR EH LQYROYHG LQ WKH PDQDJHPHQW RI WKH
FRQVWUXFWLRQSKDVH
• HQVXUH FRQVWUXFWLRQ ZRUN LV SODQQHG PDQDJHG DQG PRQLWRUHG
HIIHFWLYHO\
• HQVXUH DSSURSULDWH UHVRXUFHV DQG FRPSHWHQW SHUVRQV DUH
DYDLODEOHWKURXJKRXWWKHSURMHFW
• HQVXUH DOO FRQWUDFWRUV DUH QRWLILHG RI WKH PLQLPXP DPRXQW RI
WLPH UHTXLUHG WR HQDEOH WKHP WR HIIHFWLYHO\ SODQ DQG FRPSOHWH
WKHLUZRUN
• HQVXUHDOOFRQWUDFWRUVDUHSURYLGHGZLWKDOOUHOHYDQWLQIRUPDWLRQ
UHTXLUHGWRFRPSOHWHWKHLUZRUNVDIHO\
• HQVXUH FRRSHUDWLRQ DQG FRRUGLQDWLRQ ZLWK DOO SDUWLHV LQYROYHG
ZLWKLQWKHSURMHFW


*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

• HQVXUHD&RQVWUXFWLRQ3KDVH3ODQ LVSUHSDUHGDQGLPSOHPHQWHG
SULRUWRFRQVWUXFWLRQVWDUWLQJ
• HQVXUH DOO ZHOIDUH IDFLOLWLHV DUH LQ SODFH IURP WKH VWDUW RI WKH
FRQVWUXFWLRQSKDVH
• SUHYHQWXQDXWKRULVHGDFFHVVWRVLWH
• SURYLGH WKH &'0 FRRUGLQDWRU DOO LQIRUPDWLRQ UHOHYDQW WR WKH
+HDOWKDQG6DIHW\)LOH
• HQVXUH WKDW DOO WKH VLWH SHUVRQQHO LQYROYHG LQ WKH FRQVWUXFWLRQ
ZRUN ZRUNHUV DUH SURYLGHG ZLWK DQG DSSURSULDWH KHDOWK DQG
VDIHW\LQGXFWLRQLQIRUPDWLRQDQGWUDLQLQJ
• HQVXUH WKH ZRUNIRUFH LV FRQVXOWHG RQ DOO KHDOWK DQG VDIHW\
PDWWHUV
• GLVSOD\WKHSURMHFWQRWLILFDWLRQ

&RQWUDFWRUV ± DQ\ RUJDQLVDWLRQ FDUU\LQJ RXW FRQVWUXFWLRQ ZRUN RQ
VLWH
 
• HQVXUHFOLHQWVDUHDZDUHRIWKHLUGXWLHV
• HQVXUH WKH\ DUH DQG DQ\RQH WKH\ HPSOR\ RU HQJDJH DUH
FRPSHWHQWDQGDGHTXDWHO\UHVRXUFHG
• SODQPDQDJHDQGPRQLWRUWKHLURZQZRUN
• SURYLGH ZRUNHUV XQGHU WKHLU FRQWURO ZLWK DSSURSULDWH
LQIRUPDWLRQ LQVWUXFWLRQ DQG WUDLQLQJ UHTXLUHG WR SHUIRUP WKHLU
ZRUNVDIHO\
• HQVXUHWKH\FRRSHUDWHDQGFRRUGLQDWHZLWKDOOSDUWLHVLQYROYHG
ZLWKWKHSURMHFW
• HQVXUH WKHLU ZRUNHUV DUH FRQVXOWHG RQ DOO KHDOWK DQG VDIHW\
PDWWHUVDQG

 'RFXPHQWDU\3URFHVV

7KH PDLQ GRFXPHQWDWLRQ UHTXLUHPHQWV XQGHU WKH &'0 UHJXODWLRQV
DUH

3UH&RQVWUXFWLRQ,QIRUPDWLRQ
$SSHQGL[RIWKH$&23±/GHWDLOVSHFLILFUHTXLUHPHQWVIRUWKH
SURYLVLRQ RI SUHFRQVWUXFWLRQ LQIRUPDWLRQ WR EH SURYLGHG 7KH 3UH
&RQVWUXFWLRQ,QIRUPDWLRQLVSURYLGHGE\WKH&OLHQWWRGHVLJQHUVDQG
FRQWUDFWRUV GHWDLOLQJ SURMHFW VSHFLILF KHDOWK DQG VDIHW\ LQIRUPDWLRQ
QHHGHGWR LGHQWLI\ KD]DUGV DQG ULVN LQYROYHG ZLWK WKH SURMHFW 7KLV
LQIRUPDWLRQ LV XVXDOO\ SUHSDUHG DQG LVVXHG ZLWKLQ D 3UH
&RQVWUXFWLRQ 3KDVH 3ODQ 3&33 ZKLFK LV XVHG DV DQ HIIHFWLYH ZD\
RI LVVXLQJ DQG FRQWUROOLQJ WKLV LQIRUPDWLRQ DQG LV ZLGHO\ XVHG
WKURXJKRXWWKHFRQVWUXFWLRQLQGXVWU\

&RQVWUXFWLRQ3KDVH3ODQ
$SSHQGL[  RI WKH $&23 ± / GHWDLOV VSHFLILF LVVXHV WR EH
FRQVLGHUHG ZKHQ IRUPXODWLQJ D &RQVWUXFWLRQ 3KDVH 3ODQ 7KH
GRFXPHQW LV GHVLJQHG WR VHW RXW D GHVFULSWLRQ RI WKH ZRUN WR EH
XQGHUWDNHQWKHPDQDJHPHQWDUUDQJHPHQWVIRUWKHSURMHFWDQGWKH
DUUDQJHPHQWV IRU FRQWUROOLQJ VLJQLILFDQW ULVNV 7KH FRQWHQWV PD\
YDU\ GHSHQGLQJ XSRQ WKH H[WHQW WKH WHFKQLFDO FRPSOH[LW\ RI WKH
SURMHFWDQGOHYHORILQYROYHPHQWIURPRWKHUSDUWLHV

  


*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

7KH+HDOWK 6DIHW\)LOH
3DJHRIWKH$&23±/GHWDLOVWKHFRQWHQWVRIWKH+HDOWKDQG
6DIHW\ )LOH 7KH ILOH LV UHTXLUHG WR EH FUHDWHG GXULQJ WKH
FRQVWUXFWLRQSKDVHE\WKH&'0&RRUGLQDWRU2QFHWKHFRQVWUXFWLRQ
SKDVHLVFRPSOHWHWKHILOHVKRXOGEHKDQGHGRYHUWRWKH&OLHQW7KH
ILOH LWVHOI VKRXOG UHPDLQ ZLWK WKH RZQHU RI WKH VWUXFWXUH XQWLO LW LV
HLWKHUGHFRPPLVVLRQHGRUWKHRZQHUVHOOVWKHVWUXFWXUHWRDQRWKHU
ZKHUHWKH ILOHZRXOGEH SDVVHG RQ 7KHFRQWHQWVRIWKH ILOHVKRXOG
RQO\ LQFOXGH LQIRUPDWLRQ UHODWLQJ WR WKH VWUXFWXUH LWV RSHUDWLRQ
PDLQWHQDQFH DQG GHFRPPLVVLRQLQJ WKH SXUSRVH EHLQJ WR SURYLGH
WKH RZQHU DQG RWKHUV ZKR PD\ EH UHTXLUHG WR ZRUN RQ WKH
VWUXFWXUH ZLWKDOODSSURSULDWH LQIRUPDWLRQ UHJDUGLQJ UHVLGXDOULVNV
KD]DUGRXV PDWHULDOVHWF LWVVDIH RSHUDWLRQ HWFWR HQDEOH WKHP WR
LGHQWLI\ DQG LPSOHPHQW DSSURSULDWH VDIHW\ SUHFDXWLRQV SULRU WR
ZRUNLQJRQLW



*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

6HFWLRQV

6HFWLRQV  GHVFULEH WKH FXUUHQW EHVW SUDFWLVH IRU +HDOWK DQG 6DIHW\
WKURXJKRXW WKH SURMHFW OLIHF\FOH IURP 6LWH 6HOHFWLRQ WKURXJK WR
GHFRPPLVVLRQLQJ:KLOVWDGYLVLQJWKHUHDGHURIWKHLUREOLJDWLRQVXQGHUWKH
DSSOLFDEOH OHJLVODWLRQ WKH GRFXPHQW ZLOO JR IXUWKHU LQ RIIHULQJ D GHWDLOHG
DQDO\VLVRIKHDOWKDQGVDIHW\FRQVLGHUDWLRQVDQGSUDFWLFDOVWHSVWKDWVKRXOG
EHWDNHQWRPLWLJDWHULVNVDWGLIIHUHQWVWDJHVLQWKHSURMHFW


 6LWH VHOHFWLRQ LQLWLDO VLWH LQYHVWLJDWLRQ  SODQQLQJ

FRQVLGHUDWLRQV

 ,QWURGXFWLRQ

7KLVVHFWLRQZLOOFRYHUVLWHVHOHFWLRQDQGLQLWLDOVLWHLQYHVWLJDWLRQVIURPWZR
DVSHFWV WKH VDIHW\ IDFWRUV DQG UHOHYDQW LPSDFW FDWHJRULHV WKDW VKRXOG EH
FRQVLGHUHGZKHQLGHQWLI\LQJSRVVLEOHVLWHVDQGWKRVHWKDWVKRXOGEHWDNHQ
LQWR DFFRXQW ZKHQ SODQQLQJ DQG H[HFXWLQJ LQYHVWLJDWLRQ ZRUNV :KHUH
DSSOLFDEOH H[LVWLQJ LQGXVWU\ UHJXODWLRQV DQG JXLGHOLQHV ZLOO EH LGHQWLILHG
DQGGUDZQXSRQWRSURYLGHWKHGHYHORSHUZLWKDQDSSURSULDWHDQGUHOHYDQW
DSSURDFKWR+HDOWKDQG6DIHW\LQWKHLUVLWHGHYHORSPHQWSURJUDP

7KHUHDUHWZRNH\DUHDVRIFRQVLGHUDWLRQZLWKUHVSHFWWRLQLWLDOVHOHFWLRQRI
SRWHQWLDOVDIHVLWHVIRUPDULQHUHQHZDEOHVLQVWDOODWLRQV

• 7KH VHOHFWLRQ RI D PDULQH UHQHZDEOH VLWH WKDW FRQVWLWXWHV D µVDIH¶
ORFDWLRQZLWKUHJDUGVWRLWVSRVLWLRQZLWKLQLWVVXUURXQGV
• 7KHVDIHW\FRQVLGHUDWLRQVUHTXLUHGZKHQXQGHUWDNLQJVLWHLQYHVWLJDWLRQV
WRREWDLQGDWDLQDVVLVWDQFHRIVLWHVHOHFWLRQ

7KH UHDGHU¶V DWWHQWLRQ LV GUDZQ WR +6( UHVHDUFK UHSRUW  ± µ5LVN
LPSOLFDWLRQV LQ VLWH FKDUDFWHULVDWLRQ DQG DQDO\VLV IRU RIIVKRUH HQJLQHHULQJ
DQGGHVLJQ¶7KLVUHSRUWFRQVLGHUVVLWHFKDUDFWHULVDWLRQLVVXHVJHRWHFKQLFDO
DQDO\VLVDQGGHVLJQDQGULVNPDQDJHPHQW



*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

 6LWH6HOHFWLRQ

7KH LGHQWLILFDWLRQ RI VXLWDEOH VLWHV IRU PDULQH UHQHZDEOH JHQHUDWLRQ
LQVWDOODWLRQ ZLOO EH GHSHQGDQW XSRQ D QXPEHU RI LPSDFW FDWHJRULHV DQG
WKHLU LQWHUUHODWLRQ ZLWKLQ WKH SURSRVHG SURMHFW 7KHVH FDWHJRULHV LQFOXGH
WKHIROORZLQJ

• ZDYHWLGDOUHVRXUFH
• ZLQGFRQGLWLRQV
• ZDWHUGHSWK
• GLVWDQFHIURPVKRUH
• YLVXDOLPSDFW
• ORFDOSRUWIDFLOLWLHV
• WKHVDIHQDYLJDWLRQRIRWKHUPDULQHXVHUV
• ILVKLQJDQGILVKHULHV
• PLOLWDU\H[HUFLVHDUHDV
• RWKHUVHDXVHUV
o PDULQHDUFKDHRORJ\
o VXEVHDFDEOHVDQGSLSHOLQHV
o PDULQHDJJUHJDWHH[WUDFWLRQ
o PDULQHZDVWHGLVSRVDO
o RIIVKRUHRLODQGJDV
o PDULQHUHFUHDWLRQ
• UDGDUDQGFRPPXQLFDWLRQLQWHUIHUHQFH
• VHDEHGEDWK\PHWU\VRLOPDWHULDOV
• VHGLPHQWDWLRQVLOWLQJ
• PDULQHJURZWK
• REVWDFOHVRQWKHVHDEHG
• QDWXUHFRQVHUYDWLRQDUHDV
• JULGFRQQHFWLRQ
• ORFDO05&&FRDVWJXDUG

(DFKRIWKHVHIDFWRUVFRXOGLQIOXHQFHWKHDELOLW\WRVDIHO\FRQVWUXFWRSHUDWH
DQG PDLQWDLQ WKH VLWH DQG VKRXOG WKHUHIRUH EH FRQVLGHUHG DW WKLV HDUO\
VWDJH

 0HWRFHDQIDFWRUV

7KH PRVW DFFXUDWH GHVLJQ SDUDPHWHUV IRU PHWRFHDQ GDWD DUH
GHULYHGIURPORQJGDWDVHWVJDWKHUHGDWWKHLQWHQGHGORFDWLRQRIDQ
LQVWDOODWLRQ LH VLWHVSHFLILF GDWD +RZHYHU GDWD VHWV RI VXIILFLHQW
OHQJWKDFFXUDF\DQGFRPSOHWHQHVVDUHUDUHO\DYDLODEOHDWWKLVVWDJH
LQDSURMHFWDQGSUHOLPLQDU\GHVLJQVKRXOGWKHQEHEDVHGRQPRUH
JHQHUDORULQGLFDWLYHYDOXHV

6LWH VHOHFWLRQ VKRXOG WDNH LQWR DFFRXQW WKH DELOLW\ RI WKH GHVLJQ WR
VDIHO\ ZLWKVWDQG WKH IXOO UDQJH RI FRQGLWLRQV WKDW PLJKW EH
DQWLFLSDWHG GXULQJ WKH SURMHFW OLIHWLPH ,W LV YLWDO WKDW DWWHQWLRQ LV
DOVR SDLG WR WKH FRQGLWLRQV OLNHO\ WR EH HQFRXQWHUHG GXULQJ
FRQVWUXFWLRQRSHUDWLRQVDQGPDLQWHQDQFHRIWKHLQVWDOODWLRQ



*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

0HWRFHDQ IDFWRUV WKDW DUH UHFRPPHQGHG IRU FRQVLGHUDWLRQ ZLWK

UHVSHFWWRWKHVDIHGHYHORSPHQWRIWKHVLWHLQFOXGLQJ

•   DQG \HDU UHWXUQ SHULRG YDOXHV IRU ZLQGVSHHG DQG
VLJQLILFDQWZDYHKHLJKW
• ZDYHKHLJKWFXUUHQWDQGWLGHV
• GLUHFWLRQDOGDWDIRUH[WUHPHYDOXHVRIZLQGZDYHVDQGFXUUHQW
• ZDYH KHLJKWSHULRG MRLQW IUHTXHQF\ GLVWULEXWLRQ ZDYH VFDWWHU
GLDJUDP
• ZDYHVSHFWUDOSDUDPHWHUV
• ZLQGZDYHFXUUHQWDQJXODUVHSDUDWLRQGDWD
• FXUUHQWVSHHGDQGRUGLUHFWLRQDOYDULDWLRQRYHUWKHZDWHUGHSWK
• ORQJWHUPZDYHVWDWLVWLFVE\GLUHFWLRQ
• IUHTXHQF\ RI ZHDWKHU HYHQWV VXFK DV IRJ LFH DQG HOHFWULFDO
DFWLYLW\

 3RUWIDFLOLWLHV

3RUWIDFLOLWLHVDQGDVVRFLDWHGLQIUDVWUXFWXUHFDQEHDNH\PRWLYDWLRQ
LQORFDWLQJDPDULQHUHQHZDEOHSURMHFW(IILFLHQWFRQVWUXFWLRQZRUNV
DQGHDVHRIRSHUDWLRQVDQGPDLQWHQDQFHPD\EHKHDYLO\GHSHQGDQW
XSRQQHDUE\SRUW IDFLOLWLHVDYDLODEOHWRWKHSURMHFWRZQHURSHUDWRU
7KH VXLWDELOLW\ RI WKH SRUW IDFLOLWLHV VKRXOG EH FRQVLGHUHG ZLWK
UHJDUGVWRIDFWRUVVXFKDV

• DSSURSULDWHDQGVDIHODQGDFFHVV
• ZDWHUGHSWKDFURVVWKHSRUWDQGTXD\V
• WLGDOUDQJH
• GUDXJKW RI DSSURDFK FKDQQHO DQG DQ\ RWKHU QDYLJDWLRQDO
FRQVWUDLQWV
• TXD\VSDFH
• OLIWLQJDQGWUDQVSRUWDWLRQ
• XQGHUFRYHUZRUNDUHDV

+RZHYHU ZLWK SRUW RSHUDWLRQV FRPHV D JUHDWHU OHYHO RI PDULQH
WUDIILF &DUHIXO FRQVLGHUDWLRQ VKRXOG EH JLYHQ WR WKH EHQHILWV DQG
ULVNVDVVRFLDWHGZLWKLQFUHDVHGFRQJHVWLRQRIQDYLJDWLRQURXWHV

 $FFHVVLELOLW\DQGDFFHVVURXWHV

7KHVHOHFWLRQRISRVLWLRQLQJRIPDULQHUHQHZDEOHGHYLFHVDVDVLQJOH
RUPXOWLXQLWDUUD\VKRXOGFRQVLGHUWKHRSHUDWLRQVWREHXQGHUWDNHQ
LQ WKH OLIH RI WKH GHYLFH  DUUD\ $ ILHOG OD\RXW GLDJUDP VKRXOG EH
SURGXFHGWKDWLQGLFDWHGIRULQIRUPDWLRQSXUSRVHV

• ZDWHUGHSWKV
• WKHORFDWLRQRIVXEVHDHTXLSPHQW
o 0RRULQJV
o $QFKRUV
o 3RZHUFDEOH
• VHDEHGIHDWXUHVRILQWHUHVW



*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

'HWDLOV VKRXOG DOVR EH SURYLGHG GHWDLOLQJ SHUPLWWHG DQG SURKLELWHG

XQGHUZDWHUDFWLYLWLHVHTXLSPHQWZKHUHDULVNWRWKHGHYLFHDQGRU
RSHUDWLQJSHUVRQQHOH[LVWV

&RQVLGHUDWLRQ VKRXOG EH JLYHQ WR WKH XVH RI H[WHUQDO PDUNLQJV WR
LQIRUP SHUVRQQHO DV WR WKH ORFDWLRQV RI VDIH DFFHVV URXWHV DQG
KD]DUGRXVUHJLRQVIRUH[DPSOHVXEREVWUXFWLRQV

 1DYLJDWLRQDOULVNV

0DULQH SURMHFWV VKRXOG EH ORFDWHG LQ DUHDV WKDW GR QRW HQGDQJHU
H[LVWLQJ PDULQH XVHUV 7KH H[WHQW RI H[LVWLQJ XVH VKRXOG EH
LGHQWLILHGWKURXJKDWUDIILFVXUYH\FRQGXFWHGLQVXSSRUWRIFRQVHQW
IRU WKH GHYLFH RU DUUD\ ORFDWLRQ 7KH QDYLJDWLRQDO ULVNV DVVRFLDWHG
ZLWK H[LVWLQJ WUDIILF FDQ WKHQ EH DVVHVVHG DQG WKH GHYLFH RU DUUD\
ORFDWHGWRPLQLPLVHWKHVH

&RQVHQW FRQGLWLRQV IRU RIIVKRUH ZDYH DQG WLGDO GHYLFHV DV
VWLSXODWHG E\ WKH &URZQ (VWDWH LQFOXGHG WKH UHTXLUHPHQW IRU D
QDYLJDWLRQDO ULVN DVVHVVPHQW ZLWKLQ WKH 'HYHORSHU¶V (QYLURQPHQWDO
VWDWHPHQW ,W LV OLNHO\ WKDW VLPLODU UHTXLUHPHQWV ZLOO EH PDGH RI
ZDYH DQG WLGDO GHYHORSPHQW SURSRVDOV DQG FRQVLGHUDWLRQ VKRXOG
WKHUHIRUH EH JLYHQ WR 0DULQH *XLGDQFH 1RWH  LVVXHG E\ WKH
0DULWLPH &RDVWJXDUG $JHQF\ ZLWK UHJDUGV WR WUDIILF VXUYH\V DQG
WKHH[WHQWWRZKLFKQDYLJDWLRQZRXOGEHIHDVLEOHLQFORVHSUR[LPLW\
WR RU ZLWKLQ WKH DUUD\ 5HYLHZ DQG DSSOLFDWLRQ RI %(55V
µ0HWKRGRORJ\IRU$VVHVVLQJWKH0DULQH1DYLJDWLRQDO6DIHW\5LVNVRI
2IIVKRUH:DYHDQGWLGDOGHYLFHV¶851PD\DOVREHXVHIXO
WR WKH GHYHORSHU LQ DVVHVVLQJ WKH VLWH VXLWDELOLW\ ZLWK UHVSHFW WR
QDYLJDWLRQDOVDIHW\

 &DEOH5RXWHV

$ZDUHQHVV RI H[LVWLQJ PDULQH FDEOHV LV DQ LPSRUWDQW FRQVLGHUDWLRQ
ZKHQ XQGHUWDNLQJ VLWH VHOHFWLRQ RI PDULQH VWUXFWXUHV DQG VXLWDEOH
URXWHV IRU FDEOHOD\LQJ WR VKRUH 6XEPDULQHFDEOHVDUH VXSSOLHG E\
KLJKYROWDJHRIXSWRVHYHUDOWKRXVDQGYROWVRQDYHUDJHWKLVPLJKW
EH  9 IRUD WUDQV$WODQWLF FDEOH DQG OHVVWKDQ  9 IRU D
8.)UDQFH FDEOH 6HYHULQJ D OLYH FDEOH PD\ UHVXOW LQ LQMXU\ RU
GHDWK

&DEOHDZDUHQHVVFKDUWVDUHDYDLODEOHLQHOHFWURQLFDQGSDSHUFRSLHV
IURP IRU H[DPSOH µ.LQJILVKHU ,QIRUPDWLRQ 6HUYLFH  &DEOH
$ZDUHQHVV¶ KWWSZZZNLVFDRUJXN (PHUJHQF\ SURFHGXUHV DQG
FRQWDFWGHWDLOVDUHDOVRDYDLODEOH

 6LWHLQYHVWLJDWLRQ

6LWH LQYHVWLJDWLRQ GDWD RIWHQ VXSSRUWHG E\ ODERUDWRU\ WHVWLQJ LV UHTXLUHG
WRLGHQWLI\

• UHVRXUFHSRWHQWLDODQGPHWRFHDQFRQGLWLRQV
• VHDEHGWRSRJUDSK\
• QDWXUHDQGVWDELOLW\RIWKHVHDEHGVXUIDFH
• H[LVWHQFHRIPHWDOOLFREMHFWVDQGVWUXFWXUHV
• JHRPRUSKRORJ\DQGHQJLQHHULQJSURSHUWLHVRIWKHVWUDWDXQGHUO\LQJWKH
VHDEHG


*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

7KH H[WHQW RI LQYHVWLJDWLRQV VKRXOGEH VXIILFLHQW LQ DUHD GHSWKDQG GHWDLO
WR DGHTXDWHO\ FRYHU WKHGHYLFH RU DUUD\ ORFDWLRQDQG SRWHQWLDOO\WKH FDEOH
URXWHV 7KH VL]H DQG FRPSOH[LW\ RI WKH SURSRVHG DQFKRU SRLQW
DUUDQJHPHQWV SLOLQJ RU IRXQGDWLRQ SRVLWLRQV DQG WKH DQWLFLSDWHG VHD EHG
VRLO FRQGLWLRQV WR EH HQFRXQWHUHG DW WKHVH ORFDWLRQV VKRXOG DOVR EH
FRQVLGHUHGLQGHWHUPLQLQJWKHLUH[WHQW

6LWHLQYHVWLJDWLRQPD\LQFOXGHFRPELQDWLRQVRIWKHIROORZLQJPHWKRGV

• GHWDLOHGEDWK\PHWULFDQGVLGHVFDQVRQDUVXUYH\V
• VKDOORZVHLVPLFUHIOHFWLRQVXUYH\V
• VKDOORZVHDEHGVDPSOLQJ
• VKDOORZDQGGHHSLQVLWXFRQHSHQHWURPHWHUYLEURFRUH
• FXUUHQWWLGDOIORZVDQGZLQGVSHHGUHFRUGLQJ

7KHVH RIIVKRUH VXUYH\V PD\ WDNH WKH IRUP RI VKRUW FDPSDLJQV IRU
H[DPSOH VHLVPLF VXUYH\VRU PD\ UHTXLUH WKH LQVWDOODWLRQ PRQLWRULQJ DQG
PDLQWHQDQFH RI PHDVXULQJ GHYLFHV DV LQ WKH FDVH RI PHWRFHDQ GDWD (DFK
ZLOO LQ WKHPVHOYHV SRVH KHDOWK DQG VDIHW\ ULVNV WKDW UHTXLUH WKH VDPH
PHWKRGV RI LGHQWLILFDWLRQ DVVHVVPHQW DQG PLWLJDWLRQ DV WKRVH RIIVKRUH
DFWLYLWLHVLQODWHUSKDVHVRIWKHSURMHFW7KLVVHFWLRQZLOOGLVFXVVPLWLJDWLRQ
PHDVXUHVWKDWFDQEHXVHGWRUHGXFHWKHVHULVNV

&RQVLGHUDWLRQ VKRXOG EH JLYHQ WR WKH SUHVHQFH RI PXQLWLRQV LQ WKH DUHD
ORFDWLRQVRIRIILFLDOGXPSVLWHVIRUERWKFKHPLFDODQGFRQYHQWLRQDOZHDSRQV
FDQREWDLQHGXVLQJWKHLQIRUPDWLRQVXSSOLHGE\WKH263$5&RPPLVVLRQDQG
WKH,PSHULDO&ROOHJH $FRPELQDWLRQ RIVXUYH\LQJ HTXLSPHQWVXFK DVVLGH
VFDQ VRQDUV PDJQHWRPHWHUV XQGHUZDWHU WHOHYLVLRQ DQG SXOVH LQGXFWLRQ
JHDU FDQ EH XVHG WR HVWDEOLVK WKH H[WHQW DQG GHQVLW\ RI PXQLWLRQV
FRQWDPLQDWLRQLQWKHDUHD

 +D]DUG,GHQWLILFDWLRQDQG5LVN$VVHVVPHQW

+D]DUG ,GHQWLILFDWLRQ DQG 5LVN $VVHVVPHQWV VKRXOG EH FRPSOHWHG
SULRU WR FRPPHQFHPHQWRI VLWH LQYHVWLJDWLRQ ZRUNV WRHQVXUH WKDW
DOOULVNVDVVRFLDWHGZLWKFDUU\LQJRXWWKHZRUNVKDYHEHHQSURSHUO\
DGGUHVVHGDQGUHGXFHGWRµDVORZDVUHDVRQDEO\SRVVLEOH¶$/$53
+,5$SURFHVVHVDUHGLVFXVVHGLQPRUHGHWDLOLQVHFWLRQ

 &RQWUDFWRU6HOHFWLRQIRUVLWHLQYHVWLJDWLRQZRUNV

8QGHU &'0 UHJXODWLRQV WKH &OLHQW VKRXOG HQVXUH WKDW FRQWUDFWRUV
VHOHFWHG WR FDUU\ RXW VLWH LQYHVWLJDWLRQ ZRUNV DUH FRPSHWHQW WR GR
VR &RQWUDFWRUV VKRXOG RSHUDWH D IXOO\ GRFXPHQWHG +HDOWK DQG
6DIHW\ PDQDJHPHQWV\VWHP ZKLFKVKRXOG DGGUHVV DOO RI WKH LVVXHV
LQKHUHQW WR PDULQH VXUYH\ RSHUDWLRQV $ MRE VSHFLILF ULVN
DVVHVVPHQWDQGFRQVWUXFWLRQSKDVHSODQVKRXOGEHSURYLGHGWRWKH
FOLHQW SULRU WR PRELOLVDWLRQ 7KH FOLHQW VKRXOG HQVXUH WKDW WKH
FRQWUDFWRULVPDGHDZDUHRIKHDOWKDQGVDIHW\ULVNVDVVRFLDWHGZLWK
ZRUNLQJDWWKHORFDWLRQ

9HVVHOVHQJDJHGVKDOODVDPLQLPXPPHHWWKHUHTXLUHPHQWVRIWKH
0DULWLPH &RDVWJXDUG $JHQF\ YHVVHO FRGH IRU WKH RSHUDWLRQV WR EH
XQGHUWDNHQ



*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

 3DVVDJHSODQQLQJ

1DYLJDWLRQDO SDVVDJH SODQQLQJ VKRXOG SURYLGH D PHDQV WR VDIHO\
FRPSOHWH D EHUWK WR EHUWK PDULQH SDVVDJH LQ DFFRUGDQFH ZLWK RI
62/$6 &KDSWHU 9 $QQH[  µ9R\DJH 3ODQQLQJ¶ DQG XQGHU WKH
JXLGDQFHRIWKH,&6%ULGJH3URFHGXUHV*XLGH

,QIRUPDWLRQ UHOHYDQW WR WKH VDIH QDYLJDWLRQ RI WKH YHVVHO ZRXOG
LQFOXGHEXWQRWEHOLPLWHGWR

• WLGDOGDWD
• XQGHUNHHODOORZDQFHV
• LQIRUPDWLRQIURPSLORWERRNVVDLOLQJGLUHFWLRQV
• FKDUWGDQJHUVURFNVVKDOORZZDWHURLOULJVHWF
• WUDIILFVFKHPHV
• ZHDWKHULQIRUPDWLRQVKLSSLQJIRUHFDVWV
• SRVVLEOHDUHDVRIUHVWULFWHGYLVLELOLW\
• DQ\DUHDVZKLFKZRXOGLQYROYHDQDUHDRIKLJKWUDIILFGHQVLW\

7KHSODQQLQJVWDJHXVHVWKLVLQIRUPDWLRQWRIRUPXODWHDSODQIRUWKH
LQWHQGHGYR\DJH

7KH H[HFXWLRQ RI WKH SDVVDJH SODQ LQYROYHV WUDQVIHUUDO RI WKH
IRUPXODWHGSODQRQWRWKHFKDUWVFKHFNLQJHVWLPDWHGWLPHVRIDUULYDO
(7$¶VDWNH\SRLQWVDORQJWKHURXWH

2QFH WKH SDVVDJH DFWXDOO\ FRPPHQFHV WKH H[HFXWHG SODQ LV
PRQLWRUHG

 6DIHZRUNLQJFRQGLWLRQV

7KH UHTXLUHPHQW IRU VDIH ZRUNLQJ FRQGLWLRQV LV OHJLVODWHG ZLWK WKH
+HDOWKDQG6DIHW\DW:RUNHWF$FWZLWKUHIHUHQFHPDGHWRWKH
0DULWLPH &RDVWJXDUG $JHQF\ &RGH RI 6DIH :RUNLQJ 3UDFWLFHV IRU
0HUFKDQW6HDPHQ

$OO HPSOR\HUV KDYH D JHQHUDO GXW\ XQGHU WKH +HDOWK DQG 6DIHW\ DW
:RUN HWF $FW  +6: $FW WR HQVXUH VR IDU DV LV UHDVRQDEO\
SUDFWLFDEOH WKDW WKH KHDOWK VDIHW\ DQG ZHOIDUH DW ZRUN RI WKHLU
HPSOR\HHVLVSURWHFWHG7KLVGXW\LQFOXGHV

• SURYLGLQJ DQG PDLQWDLQLQJ PDFKLQHU\ HTXLSPHQW DSSOLDQFHV
DQGV\VWHPVRIZRUNWKDWDUHVDIHDQGZLWKRXWULVNVWRKHDOWK
• HQVXULQJWKDWDUWLFOHVDQGVXEVWDQFHVDUHXVHGKDQGOHGVWRUHG
DQGWUDQVSRUWHGVDIHO\DQGZLWKRXWULVNVWRKHDOWK
• SURYLGLQJ WKH QHFHVVDU\ LQIRUPDWLRQ LQVWUXFWLRQ WUDLQLQJ DQG
VXSHUYLVLRQ WR HQVXUH WKH KHDOWK DQG VDIHW\ DW ZRUN RI DOO
HPSOR\HHV
• PDLQWDLQLQJDZRUNSODFHWKDWLVVDIHDQGZLWKRXWULVNVWRKHDOWK
• SURYLGLQJDQGPDLQWDLQLQJDZRUNLQJHQYLURQPHQWZKLFKLVVDIH
ZLWKRXW ULVNV WR KHDOWK DQG ZKLFK KDV DGHTXDWH IDFLOLWLHV DQG
DUUDQJHPHQWVIRUHPSOR\HHV¶ZHOIDUHDWZRUN

7KLVVHFWLRQZLOOKLJKOLJKWVRPHRIWKHVSHFLILFUHVSRQVLELOLWLHVRIWKH
HPSOR\HU DQG JLYH JXLGDQFH RQ EHVW SUDFWLVH IRU VDIH ZRUNLQJ
HQYLURQPHQWVRIIVKRUH



*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

 'HVLJQ6SHFLILFDWLRQ0DQXIDFWXUHDQG7HVWLQJ

 ,QWURGXFWLRQ

7KLV VHFWLRQ ZLOO FRYHU VDIHW\ DVSHFWV RI WKH GHVLJQ VSHFLILFDWLRQ
PDQXIDFWXUHDQGWHVWLQJRIPDULQHUHQHZDEOHGHYLFHVIURPWZRDVSHFWV

• FRQVLGHUDWLRQ RI H[LVWLQJ PDULQH UHODWHG FODVVLILFDWLRQ UXOHV DQG
UHJXODWLRQV /OR\GV  '19  $3, WR KLJKOLJKW UHOHYDQW GHVLJQ EDVLV
UHTXLUHPHQWVIRUPDULQHVWUXFWXUHVDQG
• GHVLJQFRQVLGHUDWLRQVIRUPDULQHVWUXFWXUHVZLWKUHJDUGVWRRSHUDWLRQV
WKDW PD\ EH FRQGXFWHG $SSURSULDWH OHJLVODWLRQ 8.  ,02 VKDOO EH
LGHQWLILHGDQGUHIHUHQFHGWRDLGWKHUHDGHU

'HVLJQHUV KDYH D GXW\ XQGHU WKH &'0 5HJXODWLRQV  DQG WKH
0DQDJHPHQW RI +HDOWK DQG 6DIHW\ DW :RUN 5HJXODWLRQV  WR LGHQWLI\
DQGHOLPLQDWHKD]DUGVDWHYHU\VWDJHRIWKHGHVLJQSURFHVVDQGWRSURYLGH
LQIRUPDWLRQ ZLWK WKH GHVLJQ DV WR WKH QDWXUH RI DQ\ VLJQLILFDQW ULVNV
UHPDLQLQJ

:KHUH D GHVLJQ LV SUHSDUHG RU PRGLILHG RXWVLGH *UHDW %ULWDLQ IRU XVH LQ
FRQVWUXFWLRQZRUNWRZKLFKWKH&'0UHJXODWLRQVDSSO\
• LI WKH SHUVRQ FRPPLVVLRQLQJ WKH GHVLJQ LV HVWDEOLVKHG ZLWKLQ *UHDW
%ULWDLQ WKH\ VKDOO HQVXUH DOO WKH GXWLHV RI WKH 'HVLJQHU KDYH EHHQ
FRPSOLHGZLWK
• LI WKH SHUVRQ FRPPLVVLRQLQJ WKH GHVLJQ LV QRW HVWDEOLVKHG LQ *UHDW
%ULWDLQ DQ\ FOLHQW IRU WKH SURMHFW VKDOO HQVXUH DOO WKH GXWLHV RI WKH
'HVLJQHUKDYHEHHQFRPSOLHGZLWK

 6LWH6SHFLILF'DWD5HTXLUHPHQWVIRU6DIH'HVLJQV

:KLOH WKHUH DUH QR VWDQGDUGV WKDW VSHFLILFDOO\ FRYHU WKH GHVLJQ DQG
FRQVWUXFWLRQ RI ZDYH DQG WLGDO GHYLFHV GHVLJQ HQJLQHHUV PD\ XWLOLVH D
JUHDWQXPEHURIUHOHYDQWFRGHVDQGVWDQGDUGVWRDVVLVWLQWKHFUHDWLRQRID
VDIHGHVLJQ([DPSOHVLQFOXGHSXEOLFDWLRQVE\

• /OR\GV5HJLVWHU
• 'HW1RUVNH9HULWDV
• +HDOWK 6DIHW\([HFXWLYH
• *HUPDQLVFKHU/OR\G
• $PHULFDQ3HWUROHXP,QVWLWXWH
• $PHULFDQ%XUHDXRI6KLSSLQJ
• ,QVWLWXWHRI(OHFWULFDO(QJLQHHUV

$Q DFFXUDWH DVVHVVPHQW RI WKH RSHUDWLQJ HQYLURQPHQW IRU D PDULQH
VWUXFWXUH LV IXQGDPHQWDO WR WKH FRUUHFW DSSOLFDWLRQ RI DQ\ RI WKH GHVLJQ
VWDQGDUGV 7KLV ZLOO SURYLGH LQIRUPDWLRQ QHFHVVDU\ WR FDOFXODWH WKH
VWUXFWXUDOORDGVWKDWWKHLQVWDOODWLRQVKRXOGEHDEOHWRVDIHO\EHDU



*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

$ FRPSUHKHQVLYH VHW RI RSHUDWLQJ DQG H[WUHPH HQYLURQPHQWDO OLPLWLQJ

FRQGLWLRQVVKRXOGEHUHFRJQLVHGDQGFULWLFDOFDVHVLGHQWLILHG7KHIROORZLQJ
FDVHV DUH SURYLGHG WR JXLGH WKH UHDGHU EXW VKRXOG EH GHILQHG IRU HDFK
GHYLFHDVDSSOLFDEOH

• ,QWDFWFDVH
o 7KLVFDVHDVVXPHVWKHPRRULQJV\VWHPVWUXFWXUHLVLQWDFW
• 'DPDJHGFDVH
o 7KLV FDVH LQYROYHV WKH IDLOXUH RI D VLQJOH FRPSRQHQW LH
IDLOXUHRIDPRRULQJOLQHRUDQFKRUSRLQW
• 'HVLJQHQYLURQPHQWDOFRQGLWLRQV
o \HDUZDYH\HDUZLQG\HDUFXUUHQW
o \HDUZDYH\HDUZLQG\HDUFXUUHQW
• 'LUHFWLRQDOFRPELQDWLRQV
o )RU VSUHDGPRRULQJ XQLWV ZLQG ZDYH DQG FXUUHQW FDQ EH
DSSOLHGLQOLQH
o )RU ZHDWKHU YDQLQJ XQLWV VXIILFLHQW FRPELQDWLRQV RI
GLUHFWLRQV RI ZLQG DQG FXUUHQW UHODWLYH WR ZDYH GLUHFWLRQ
VKRXOGEHLQYHVWLJDWHG
o 3LOHG RU JUDYLW\ EDVHG XQLWV VKRXOG VLPLODUO\ EH FRQVLGHUHG
XVLQJWKHµZRUVWFDVH¶FRPELQDWLRQHIIHFWV

'HVLJQHUV VKRXOG FRQVLGHU ZKHWKHU LQGHSHQGHQW UHYLHZ RI QHZ GHVLJQV
XVLQJ D WKLUG SDUW\ RUJDQLVDWLRQ LV DSSURSULDWH WR L SURYLGH JUHDWHU
DVVXUDQFHRIRYHUDOOLQWHJULW\DQGLLWRDVVLVWLQREWDLQLQJLQVXUDQFHDVZHOO
DVLQFUHDVLQJWKHFRQILGHQFHRISURVSHFWLYHSXUFKDVHUV

 'HYLFH'HVLJQ&RQVLGHUDWLRQV

 6WUXFWXUHDQGPRRULQJV

([DFWLQJGHVLJQ UHTXLUHPHQWV ZLOO EHGHSHQGDQWXSRQ HDFK GHYLFH
KRZHYHU VWUXFWXUDO IDFWRUV RI VDIHW\ GR H[LVW IRU RWKHU RIIVKRUH
VWUXFWXUHV DQG PRRULQJV DQG WKHVH VKRXOG EH FRQVLGHUHG LQ WKH
GHVLJQ ,QGHHG H[LVWLQJ GHVLJQ UXOHV DQG UHJXODWLRQV PD\ EH
DGRSWHG E\ D GHYLFH GHVLJQHU LQ D PDQQHU WKDW HQDEOHV GHVLJQ
YDOLGDWLRQDJDLQVWH[LVWLQJPDULQHVWUXFWXUHV

7KHVH H[LVWLQJ UHJXODWLRQV PD\ EH REWDLQHG IURP D QXPEHU RI
JOREDOO\UHFRJQLVHGVRXUFHVLQFOXGLQJ

• /OR\GV5HJLVWHU
• 'HW1RUVNH9HULWDV
• +HDOWK 6DIHW\([HFXWLYH
• *HUPDQLVFKHU/OR\G
• $PHULFDQ3HWUROHXP,QVWLWXWH
• $PHULFDQ%XUHDXRI6KLSSLQJ

:KHQ GHVLJQLQJ VWUXFWXUHV DQG PRRULQJV FRQVLGHUDWLRQ VKRXOG EH
JLYHQ WR WKHLU VDIH DQG SUDFWLFDO LQVWDOODWLRQ DQG DFFHVV IRU
PDLQWHQDQFH 6WUXFWXUHV DQG PRRULQJV VKRXOG DOVR EH GHVLJQHG
VXFK WKDW WKHLU FRQVWUXFWLRQ DVVHPEO\ DQG WHVWLQJ FDQ WDNH SODFH
RQVKRUHDVIDUDVLVSRVVLEOH



*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

 'HVLJQ5LVN$QDO\VLV

,QRUGHUWRFRPSO\ZLWKWKH&'0UHJXODWLRQVDQG+HDOWKDQG6DIHW\
DW:RUNHWF$FWGHYLFHGHVLJQHUVVKRXOGLGHQWLI\KD]DUGVDQGULVNV
DVVRFLDWHG ZLWK WKHLU GHVLJQV IRU DOO VWDJHV RI GHYHORSPHQW IURP
DVVHPEO\ FRQVWUXFWLRQ LQVWDOODWLRQ RSHUDWLRQ DQG PDLQWHQDQFH WR
GHFRPPLVVLRQLQJ

7KH GHVLJQ ULVN DQDO\VLV VKRXOG FRQVLGHU WKH XVH RI WKH IROORZLQJ
ULVN DVVHVVPHQW WRROV WR IDFLOLWDWH WKH LGHQWLILFDWLRQ RI KD]DUGV DQG
ULVNVZLWKLQWKHGHVLJQDQGWRVWLPXODWHGHVLJQVDIHW\DQGUHOLDELOLW\
LPSURYHPHQWVLQWRWKHGHVLJQ

)DLOXUH 0RGH (IIHFW $QDO\VLV )0($ DQG )DLOXUH 0RGH (IIHFW
DQG &ULWLFDOLW\ $QDO\VLV )0(&$ ± DUH ERWK IRUPDO VWUXFWXUHG
SURFHVVHVWKDWDUHLQWHQGHGWRORRNDWLQGHWDLOWKHPDQ\GLIIHUHQW
ZD\V LQ ZKLFK D FRPSRQHQW DQG RU V\VWHP PD\ IDLO DQG KRZ
IUHTXHQWO\ WKHVHIDLOXUHV PD\RFFXU 'HVLJQHUV FDQ XVH WKHVH WRROV
WR LGHQWLI\ DQG XQGHUVWDQG ZHDNQHVVHV ZLWKLQ WKHLU GHVLJQ VR
DSSURSULDWH PRGLILFDWLRQV PD\ EH PDGH ,Q DGGLWLRQ WKH GHYLFH
UHOLDELOLW\ GDWD JHQHUDWHG E\ DQDO\VLV PD\ DOVR EH XVHG LQ WKH
GHYHORSPHQW RI D SODQQHG SUHYHQWLYH PDLQWHQDQFHVFKHPH IRU XVH
LQWKH2SHUDWLRQVDQG0DLQWHQDQFHSKDVHRIDSURMHFW

+D]DUGV ,Q 'HVLJQ +$=,' ± LV D IRUPDO VWUXFWXUHG SURFHVV
ZKLFKWKDWLVLQWHQGHGWRORRNDWYDULRXVVWDJHVZLWKLQWKHGHVLJQ
FUHDWLRQ SURFHVV DW WKH IDLOXUH RI FRPSRQHQWV DQG V\VWHPV DQG
WKHLU FRQVHTXHQWLDO HIIHFW WR SHUVRQDO VDIHW\ GHYLFH LQWHJULW\ DQG
RYHUDOO SURMHFW LPSDFW 7R HQDEOH WKLV SURFHVV WR EH HIIHFWLYH WKH
LQYROYHPHQWRIDQXPEHURINH\LQGLYLGXDOVIURPYDULRXVGLVFLSOLQHV
IRU H[DPSOH WKRVH IURP PDQXIDFWXULQJ LQVWDOODWLRQ
FRPPLVVLRQLQJZLOO SURYLGH WKHGHVLJQHU ZLWK VSHFLDOLVW NQRZOHGJH
WRKHOSWKHPXQGHUVWDQGDQGLGHQWLI\SUREOHPVZLWKWKHGHVLJQDQG
DSSURSULDWHPRGLILFDWLRQVWREHPDGH

+D]DUG 2SHUDELOLW\ 6WXG\ +$=23 ± LV D GHWDLOHG ORRN DW WKH
KD]DUGV LQYROYHG ZLWK WKH RSHUDELOLW\ RI WKH GHYLFH DJDLQ WKLV
SURFHVV VKRXOG LQFOXGH VSHFLDOLVW NQRZOHGJH RI IURP WKH YDULRXV
GLVFLSOLQHV DOUHDG\ PHQWLRQHG ZLWKLQ WKH +$=,' 7KLV WRRO VKDOO
LGHQWLI\VSHFLILFLVVXHVDQGRUSUREOHPVUHODWLQJWRLWVRSHUDWLRQDQG
XVH DQG ZKHQ FRPSRQHQWV QHHG WR EH UHPRYHG RU UHSODFHG
HQDEOLQJ GHVLJQHUV WR PDNH DSSURSULDWH PRGLILFDWLRQV DQG
LPSURYHPHQWVWRWKHLUGHVLJQ

7KHVHDVVHVVPHQWVVKRXOGEHUHYLHZHGDWHDFKNH\GHVLJQVWDJHWR
LGHQWLI\HOLPLQDWHRUUHGXFHKHDOWKDQGVDIHW\ULVNV



*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

3DUWLFXODU DWWHQWLRQ VKRXOG EH SDLG WRGHVLJQ FKRLFHV DIIHFWLQJ VDIHW\

LQWKHIROORZLQJDUHDV

• PHWKRGRIWUDQVSRUWWRVLWH
• VDIH,QVWDOODWLRQDQGFRPPLVVLRQLQJ
• HDUWKLQJDQGSURWHFWLRQ
• LQVXODWLRQRIHOHFWULFDOHTXLSPHQWDQGFDEOHV
• VDIH LVRODWLRQ RI PHFKDQLFDO DQG HOHFWULFDO HTXLSPHQW IRU
PDLQWHQDQFH
• VDIH UHPRWH FRQWURO DQG RSHUDWLRQ LQFOXGLQJ HPHUJHQF\ VKXW
GRZQLVRODWLRQ
• PDQXIDFWXUHUVFHUWLILFDWLRQVDQGZDUUDQWV
• VDIHZRUNLQJDFFHVV
• VDIHZRUNLQJDUHDV
• VDIHPHDQVRIHVFDSH
• FRQVHTXHQWLDOIDLOXUHRIFRPSRQHQWV
• JXDUGLQJRIPDFKLQHU\
• ILUHSUHYHQWLRQGHWHFWLRQSURWHFWLRQVXSSUHVVLRQ
• SUHYHQWLRQRIXQDXWKRULVHGDFFHVVDQGDSSURSULDWHZDUQLQJVLJQV
• RSHUDWLRQDOFRQWUROV
• ZDUQLQJVLJQVDQGPDUNLQJV
• YHVVHO&ROOLVLRQ
• ZHDUDQG&RUURVLRQ
• QDYLJDWLRQDODLGVDQGWKHLUDFFHVVIRUPDLQWHQDQFH
• FRQWDLQPHQWRIKD]DUGRXVRUSROOXWLQJVXEVWDQFHV

 'HVLJQIRU0DULQH+D]DUGV

0DULQH KD]DUGV DUH GLYHUVH LQ QDWXUH EHLQJ GHILQHG DV µDQ\ SRWHQWLDO
DFFLGHQW RQ D PDULQH LQVWDOODWLRQ FRQQHFWHG ZLWK LWV LQWHUIDFH ZLWK WKH
PDULQHHQYLURQPHQW¶+6(SXEOLFDWLRQ0DULQH5LVNDVVHVVPHQW
DGGUHVVHVPDULQHKD]DUGVRQDPDULQHLQVWDOODWLRQLQFOXGLQJ

• ORVVRISRVLWLRQNHHSLQJHJPRRULQJIDLOXUH
• ORVV RI VWUXFWXUDO LQWHJULW\ HJ KXOO EDOODVW WDQN VXSSRUW VWUXFWXUH
IDLOXUH
• ORVVRIVWDELOLW\HJEDOODVWV\VWHPIDLOXUHVKLIWRILQWHUQDOLWHPV
• ORVVRIPDULQHXWLOLW\V\VWHPVHJK\GUDXOLFVSRZHU
• FROOLVLRQHJVXSSRUWYHVVHOVSDVVLQJYHVVHOV

,QDGGLWLRQWRWKHDIRUHPHQWLRQHGSXEOLFDWLRQVWKHUHDGHUVDWWHQWLRQLVDOVR
GUDZQWRWKH&RGHRI 6DIH:RUNLQJ3UDFWLFHVIRU0HUFKDQW 6HDPHQZKLFK
FRYHUVWKLVDQGDZLGHUDQJHRIRWKHUVDIHW\LVVXHV

:LWKLQ WKH GHVLJQ GHYHORSPHQW LQVWDOODWLRQ DQG RSHUDWLRQ RI D PDULQH
UHQHZDEOH DUUD\ DGGLWLRQDO FRQVLGHUDWLRQ VKRXOG EH JLYHQ WR WRZRXW
RSHUDWLRQV 7KHVH RSHUDWLRQV ZRXOG EH VXEMHFW WR VSHFLDO GHOLEHUDWLRQ DV
WKH\ PD\ WUDQVLW DUHDV QRW QRUPDOO\ FRQVLGHUHG LQ WKH VLWH LQYHVWLJDWLRQ
)XUWKHUGLVFXVVLRQRIWKLVWRSLFLVLQFOXGHGLQ$SSHQGL[$



*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

 6SHFLILFDWLRQV

7KRVH FUHDWLQJ WKH SK\VLFDO GHVLJQ RI D PDULQH GHYLFH VKRXOG HQVXUH
WKURXJKRXWWKHGHVLJQSKDVHWKH\VHWRXWFOHDUVSHFLILFDWLRQVRIWKHGHVLJQ
6SHFLILFDWLRQV VKRXOG EH DEOH WR SURYLGH VXIILFLHQW LQIRUPDWLRQ WR HQDEOH
RWKHUV WR XQGHUVWDQG KRZ WKH GHYLFH LV WR EH PDQXIDFWXUHG LQFOXGLQJ
IDFWRU\ DFFHSWDQFH WHVWLQJ FRQVWUXFWHG LQVWDOOHG FRPPLVVLRQHG
RSHUDWHGPDLQWDLQHGDQGGHFRPPLVVLRQHG

6SHFLILFDWLRQVVKRXOGW\SLFDOO\LQFOXGHEXWQRWOLPLWHGWRWKHIROORZLQJ

• 'UDZLQJV IRU LQGLYLGXDO FRPSRQHQWV DQG JHQHUDO DVVHPEO\
DUUDQJHPHQWVZKLFKLQFOXGHGLPHQVLRQVDQGWROHUDQFHV
• 0DWHULDOVSHFLILFDWLRQVLQFOXGLQJUHIHUHQFHVWRDSSURSULDWHVWDQGDUGV
• 5HIHUHQFH WR RWKHU VWDQGDUGV IRU ZHOGLQJ SUHVVXUH V\VWHPV HOHFWULFDO
DVVHPEO\HWF
• $VVHPEO\LQVWUXFWLRQVZKLFKLQFOXGHWKHLGHQWLILFDWLRQRIVDIHW\FULWLFDO
RUGHYLFHLQWHJULW\FULWLFDOFRPSRQHQWVDQGRUDVVHPEOLHV
• 'HWDLOV RI DSSURSULDWH ZRUNPDQVKLS VWDQGDUGV WR EH DFKLHYHG DQG
DSSURSULDWHLQVSHFWLRQPHDVXULQJDQGWHVWLQJDFWLYLWLHVDQGWHFKQLTXHV
WR EH DGRSWHG WR HQVXUH GHVLJQ VSHFLILFDWLRQ UHTXLUHPHQWV KDYH EHHQ
DFKLHYHG

 0DQXIDFWXUH

7R HQDEOH PDULQH GHYLFHV WR EH PDQXIDFWXUHG FRUUHFWO\ DQG UHSHWLWLYHO\
WKHGHVLJQVKRXOGEHSURYLGHGZLWKFOHDUVSHFLILFDWLRQV7KRVHLQYROYHGZLWK
WKH PDQXIDFWXUH RI WKH GHYLFHV VKDOO XQGHUVWDQG WKH UHTXLUHPHQWV PRUH
HDVLO\DQGVKDOOEHDEOHWRUHSURGXFHFRPSRQHQWVDVVHPEOLHVDQGGHYLFHV
WR WKH UHTXLUHG VWDQGDUGV ZLWK PLQLPDO PLVXQGHUVWDQGLQJ XOWLPDWHO\
UHGXFLQJHUURUVDQGFRVWO\IDLOXUH

7KH GHVLJQ DQG VSHFLILFDWLRQV VKRXOG EH EURNHQ GRZQ LQWR D ORJLFDO
PDQXIDFWXULQJ VWDJH SURFHVV GHVLJQHG WR HQVXUH WKH VDIHVW DQG PRVW
SUDFWLFDEOH RUGHU RI DVVHPEO\ &OHDU DVVHPEO\ LQVWUXFWLRQV VKRXOG EH
FUHDWHGIRUHDFKVWDJHFOHDUO\VSHFLI\LQJRUGHUPHWKRGVRIZRUNWRROVWR
EH XVHG ZRUNPDQVKLS VWDQGDUGV DQG DFFHSWDQFH FULWHULD WR EH DFKLHYHG
7KHVH LQVWUXFWLRQV VKRXOG EH UHYLHZHG DQG DSSURYHG E\ WKH GHVLJQHUV WR
HQVXUH QR HUURUV KDYH RFFXUUHG ZLWKLQ WKH WUDQVIHU RI LQIRUPDWLRQ WKH
FRUUHFW DVVHPEO\ PHWKRGV KDYH EHHQ LGHQWLILHG DQG DOO RI WKH GHVLJQ
FULWHULDDUHFRUUHFW

7KHDVVHPEO\ LQVWUXFWLRQVVKRXOGEHDSSURSULDWHO\ULVNDVVHVVHGWRHQVXUH
GXHFRQVLGHUDWLRQRIWKHVSHFLILFKD]DUGVUHODWHGWRWKHDFWXDOZRUNDFWLYLW\
WRROVDQGHTXLSPHQWXVHGDQGWKHXQLTXHQHVVRIWKHZRUNHQYLURQPHQWWKH
DFWLYLW\ LV EHLQJ XQGHUWDNHQ ZLWKLQ $OO HPSOR\HHV LQYROYHG ZLWK WKH
DVVHPEO\ DFWLYLWLHV UHODWLQJ WR WKH GHYLFH VKRXOG EH SURYLGHG ZLWK
DSSURSULDWH LQIRUPDWLRQ LQVWUXFWLRQ WUDLQLQJ DQG VXSHUYLVLRQ WR HQVXUH
WKHLUKHDOWKVDIHW\DQGZHOIDUHDQGHQVXUHFRUUHFWDVVHPEO\RIWKHGHYLFH



*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

 7HVWLQJ

7KH LPSRUWDQFH RI TXDOLW\ FRQWURO DW HDFK VWDJH RI WKH PDQXIDFWXULQJ
SURFHVV FDQQRW EH XQGHUHVWLPDWHG 4XDOLW\ FRQWURO DFWLYLWLHV DUH GHVLJQHG
WR HQVXUH WKDW FRPSRQHQWV DVVHPEOLHV DQG GHYLFHV DUH LQVSHFWHG
PHDVXUHG DQG WHVWHG WR HQVXUH WKHLU FRPSOLDQFH WR WKH GHVLJQ DQG
VSHFLILFDWLRQV:LWKRXWWKHVHDFWLYLWLHVLQSODFHSULRUWRGHYLFHGHSOR\PHQW
SRRUO\DVVHPEOHGGHYLFHVPD\JRXQGHWHFWHGDQGPD\UHVXOWLQSUHPDWXUH
GHYLFHIDLOXUH7KHVLJQLILFDQFHRIDQ\IDLOXUHZKLOVWWKHGHYLFH LVGHSOR\HG
FDQRQO\VSHFXODWHGEXWPD\UHVXOWLQDQ\WKLQJIURPDFDWDVWURSKLFGHYLFH
IDLOXUH DQG ULVN WR RWKHU PDULQHUV ZLWKLQ WKH DUHD RU ORVV RI SURGXFWLRQ
ERWKRIZKLFKZRXOGUHTXLUHFRVWO\UHVSRQVHWRUHFWLI\

$4XDOLW\3ODQVKRXOGEHFUHDWHGGHWDLOLQJDOOWKHVWDJHVRIWKHPDQXIDFWXUH
SURFHVV DOO LQVSHFWLRQV PHDVXUHPHQWV DQG WHVWLQJ WR EH SHUIRUPHG
DFFHSWDQFH VWDQGDUGV WR EH DFKLHYHG DQG SHUVRQV UHVSRQVLEOH IRU WKH
TXDOLW\ FRQWURO DFWLYLW\ 0DQXIDFWXUHUV DQG GHVLJQHUV VKRXOG DJUHH RQ WKH
FULWLFDO DUHDV RI DVVHPEO\ DQG VKRXOG HQVXUH D +ROG 3RLQW ZLWKLQ WKH
SURFHVV LV HVWDEOLVKHG WR HQVXUH WKH DVVHPEO\ LV SUHYHQWHG IURP
SURFHHGLQJXQWLODWKRURXJKLQVSHFWLRQKDVWDNHQSODFHDQGFRQILUPDWLRQRI
WKHUHTXLUHGZRUNPDQVKLSVWDQGDUGVKDVEHHQDFKLHYHG

0DQXIDFWXUHUVRIGHYLFHVVKRXOGHVWDEOLVKDIDFWRU\DFFHSWDQFHWHVWFULWHULD
WRHQDEOHDOODSSURSULDWHSUHLQVWDOODWLRQWHVWLQJWREHFDUULHGRXWSULRUWR
GHSOR\PHQW DQG LQVWDOODWLRQ 'XULQJ WKH PDQXIDFWXUH DQG WHVWLQJ RI WKH
LQLWLDOGHYLFHWKHPDQXIDFWXUHUVKRXOGHQVXUHDOOQRQFRQIRUPLWLHVQHJDWLYH
WHVW UHVXOWV DQG DVVHPEO\ LPSURYHPHQWV DUH IHG EDFN WR WKH GHVLJQHU VR
WKH\ PD\ UHYLHZ WKH GDWD DQG SHUIRUP WKH ILUVW VWDJH RI WKH GHVLJQ
YDOLGDWLRQSURFHVVSURRIRIDVVHPEO\


*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

 ,QVWDOODWLRQ&RPPLVVLRQLQJDQG'HFRPPLVVLRQLQJ

 ,QWURGXFWLRQ

7KHLQVWDOODWLRQDQGFRPPLVVLRQLQJSKDVHVRIWKHSURMHFWZLOOUHSUHVHQWRQH
RIWKHKLJKHVWULVNSKDVHVZLWKUHVSHFWWR+HDOWKDQG6DIHW\FRQVLGHUDWLRQV
$V GLVFXVVHG LQ 6HFWLRQ  PXFK FDQ DQG VKRXOG EH GRQH LQ WKH GHVLJQ
SKDVHWRLPSURYHFRQVWUXFWDELOLW\DQGUHPRYHRUUHGXFHFRQVWUXFWLRQSKDVH
ULVNV DQG VHFWLRQ  QRZ DGGUHVVHV NH\ VWHSV WR IXUWKHU PLWLJDWH ULVNV
GXULQJWKLVSKDVHRIWKHSURMHFW

'HFRPPLVVLRQLQJ DFWLYLWLHV ZLOO LQYROYH WKH VDPH LQKHUHQW KD]DUGV DQG
ULVNVDQGVRGHFRPPLVVLRQLQJLVDOVRDGGUHVVHGLQWKLVVHFWLRQ

 3ODQQLQJ&RPPXQLFDWLRQ&RRUGLQDWLRQ

([FHOOHQWSODQQLQJFRPPXQLFDWLRQDQGFRRUGLQDWLRQRISURMHFWKHDOWKDQG
VDIHW\ JRDOV UXOHV DQG UHTXLUHPHQWV GXULQJ FRQVWUXFWLRQ FRPPLVVLRQLQJ
DQGGHFRPPLVVLRQLQJFDQJRDORQJZD\LQSUHYHQWLQJDFFLGHQWV$UHDVIRU
SDUWLFXODUIRFXVLQFOXGH

• SURMHFW RUJDQLVDWLRQDO VWUXFWXUH DQG LGHQWLILFDWLRQ RI + 6 UROHV DQG
UHVSRQVLELOLWLHV
• FRPPXQLFDWLRQ ± &OLHQW UHVSRQVLELOLWLHV FRPPXQLFDWLRQ ZLWKLQ WKH
SURMHFW FRPPXQLFDWLRQ ZLWK WKLUG SDUWLHV DQG RWKHU VLWH XVHUV
FRPPXQLFDWLRQZLWKWKHSXEOLF
• FRPPXQLFDWLRQ/LQNVRQVKRUHRIIVKRUHDQGVKLSWRVKRUH
• PDQDJHPHQWRI+HDOWKDQG6DIHW\LVVXHVWKURXJKRXWWKHSURMHFW

 1RWLILFDWLRQ

7KHGHYHORSHUZLOOEHUHTXLUHGWRHQVXUHWKDWSURSHUQRWLILFDWLRQLVJLYHQWR
WKH UHOHYDQW DXWKRULWLHV DQG RWKHU WKLUG SDUWLHV LQ DGYDQFH RI FRQVWUXFWLRQ
ZRUNVDQGIRUFHUWDLQW\SHVRIFRQVWUXFWLRQZRUNVWREHFDUULHGRXW8QGHU
WKH &RQVWUXFWLRQ 'HVLJQ DQG 0DQDJHPHQW 5HJXODWLRQV  WKH +6(
PXVW EH QRWLILHG RI DQ\ SURMHFW WKDW ZLOO ODVW PRUH WKDQ  GD\V RI
FRQVWUXFWLRQ RU LQYROYH PRUH WKDQ  PDQ GD\V 7KH ) IRUP VXSSOLHG
WRWKH+6(PXVWDOVREHGLVSOD\HGRQVLWH1RWLFHVWR0DULQHUVDQGUHJXODU
QDYLJDWLRQDO ZDUQLQJV ZLOO QHHG WR EH JLYHQ SULRU WR DQG GXULQJ RIIVKRUH
FRQVWUXFWLRQDFWLYLWLHVDQGRWKHUWKLUGSDUWLHVPD\QHHGWREHLQIRUPHGRI
FHUWDLQDFWLYLWLHVVXFKDVILVKHUPHQRUZKHUHWDOOVWUXFWXUHVRUFUDQHVDUH
WREHHUHFWHGDYLDWLRQXVHUV


*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

 'RFXPHQWDU\FRQWURODQG5HFRUGNHHSLQJ

,W LV UHFRPPHQGHG IURP WKH RXWVHW WKDW WKH SURMHFW HVWDEOLVK D GRFXPHQW
FRQWURO DQG UHFRUG NHHSLQJ SURFHGXUH IRU DOO GRFXPHQWDWLRQ 7KURXJKRXW
WKHSURMHFWYDULRXVW\SHVRIGRFXPHQWDWLRQVKDOOEHUDLVHGGHWDLOLQJVSHFLILF
LQIRUPDWLRQDERXWWKHFRQVWUXFWLRQRIWKHSURMHFW,WLVLPSRUWDQWWRHQVXUH
DOO WHFKQLFDO DQG VDIHW\ UHODWHG LQIRUPDWLRQ FRQWDLQHG ZLWKLQ WKH
GRFXPHQWDWLRQ LV FRQWUROOHG VR FKDQJHV PD\ EH LGHQWLILHG DQG HIIHFWLYHO\
FRQWUROOHG([DPSOHVRIW\SLFDOSURMHFWGRFXPHQWDWLRQZKLFKZLOOUHTXLUHWR
EHFRQWUROOHGLQFOXGH

• 3URMHFW +HDOWK  6DIHW\ 0DQDJHPHQW 6\VWHP SURFHGXUHV DQG
GRFXPHQWDWLRQ
• 3UHFRQVWUXFWLRQ,QIRUPDWLRQ
• &RQVWUXFWLRQ3KDVH3ODQV
• 'UDZLQJV
• 'HVLJQ'RFXPHQWV
• 6SHFLILFDWLRQV
• 0LQXWHVRI3URMHFW0HHWLQJV
• 3URMHFW5HSRUWV
• 0HWKRG6WDWHPHQWV
• 5LVN$VVHVVPHQWV
• 7HVW &RPPLVVLRQLQJ5HSRUWV
• 7UDLQLQJ5HFRUGVDQG&HUWLILFDWLRQ
• (TXLSPHQW&HUWLILFDWLRQ
• &RQVWUXFWLRQ'DLO\5HSRUWV

,QDGGLWLRQWKH&'0UHJXODWLRQVUHTXLUHD+HDOWK 6DIHW\)LOHWREHFUHDWHG
DQG PDLQWDLQHG IRU WKH OLIH WLPH RI WKH VWUXFWXUH 7KLV ILOH LV UHTXLUHG WR
FRQWDLQ DOO UHOHYDQW LQIRUPDWLRQ UHODWLQJ WR WKH VWUXFWXUH IXUWKHU GHWDLO LV
FRQWDLQHGZLWKLQWKH$&23/

 +D]DUG,GHQWLILFDWLRQDQG5LVN$VVHVVPHQWV+,5$

7KH +,5$ SURFHVV LQ OLQH ZLWK 6HFWLRQ  5LVN $VVHVVPHQW VKRXOG EH
XVHGWRLGHQWLI\DQGPLWLJDWHRUFRQWUROKD]DUGVDQGULVNVDWHYHU\VWHSRI
WKH LQVWDOODWLRQ DQG FRPPLVVLRQLQJ SKDVH 2XWFRPHV RI WKH +,5$ SURFHVV
VKRXOG IHHG LQWR PHWKRG VWDWHPHQWV DQG WRRO ER[ WDONV WR HQVXUH WKDW DOO
WKRVHHQJDJHGLQFDUU\LQJRXWWKHZRUNVDUHDZDUHRIWKHUHVLGXDOKD]DUGV
DQG ULVNV DQG DQ\ VWHSV WKDW WKH\ VKRXOG EH WDNLQJ WR PLWLJDWH WKHP
:KHUH KDQJHV DUH EHLQJ FRQVLGHUHG DOO SRWHQWLDO KD]DUGV DUH WR EH
LGHQWLILHG DQG ULVNV HYDOXDWHG 6HFWLRQ  H[SDQGV RQ WKLV VXEMHFW
µ0DQDJHPHQWRI&KDQJH¶

 6DIH6\VWHPRIZRUN

:ULWWHQµ6DIH6\VWHPRI:RUN¶RUµ0HWKRG6WDWHPHQWV¶DUHXVHGWRGHVFULEH
LQ GHWDLO WKH LQGLYLGXDO WDVNV WR EH FDUULHG RXW IRU HDFK SKDVH RI WKH
FRQVWUXFWLRQDQGFRPPLVVLRQLQJDQGWROLVWWKHULVNPLWLJDWLRQPHDVXUHVWR
EH WDNHQ $Q\ UHVLGXDO ULVNV WKDW VKRXOG EH SURSHUO\ FRQWUROOHG GXULQJ WKH
ZRUNVDUHDOVRKLJKOLJKWHG

7KHVH SURFHGXUHV VKRXOG EH SUHSDUHG E\ WKH 3ULQFLSDO &RQWUDFWRU RU LI
SUHSDUHGE\DVXEFRQWUDFWRUIRUVSHFLILFDUHDVRIZRUNVKRXOGEHDSSURYHG
E\WKH3ULQFLSDO&RQWUDFWRU




*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

 ,QIRUPDWLRQ&RQVXOWDWLRQ7UDLQLQJDQG6XSHUYLVLRQ

*HQHUDOGXWLHVRIWKHHPSOR\HU XQGHUWKH+HDOWKDQG 6DIHW\DW :RUNHWF
$FW  LQFOXGH WKH SURYLVLRQ RI LQIRUPDWLRQ WUDLQLQJ DQG VXSHUYLVLRQ
QHFHVVDU\WRHQVXUHHPSOR\HHVFRQWUDFWRUVRUYLVLWRUV¶KHDOWKDQGVDIHW\LQ
WKHZRUNSODFH

$OO SHUVRQQHO VKRXOG EH JLYHQ D VLWH VDIHW\ LQGXFWLRQ EHIRUH EHLQJ
DXWKRULVHG WR HQWHULQJ DQ\ RI WKH SURMHFW VLWHV 7KH FRQWHQWV RI WKH
LQGXFWLRQZLOOYDU\DFFRUGLQJWRWKHQDWXUHRIWKHVLWHDQGZKHWKHULWLVRQ
RU RIIVKRUH  7UDLQLQJ UHTXLUHPHQWV IRU VSHFLILF ORFDWLRQV RU WDVNV VKRXOG
DOVREHLGHQWLILHGDSSURSULDWHWUDLQLQJSURYLGHGLQFOXGLQJ

• PLQLPXPUHTXLUHPHQWVIRUJHQHUDOVDIHW\LQGXFWLRQV
• PLQLPXP DSSURSULDWH VDIHW\ LQGXFWLRQV DQG WUDLQLQJ IRU SHUVRQQHO
ZRUNLQJRIIVKRUH
• DVVHVVPHQWRIVNLOOVUHTXLUHPHQWVIRUVSHFLILFMREV
• WUDLQLQJ0DWULFHV
• WRRO%R[WDONV

7KH UHTXLUHPHQWV RI WKH PDQDJHPHQW RI +HDOWK DQG 6DIHW\ DW :RUN
5HJXODWLRQVPXVWRIFRXUVHEHPHW

 &RPSHWHQF\DQG)LWQHVV

,Q DFFRUGDQFH ZLWK &'0 5HJXODWLRQV  DOO SDUWLHV HQJDJHG LQ
FRQVWUXFWLRQ DFWLYLW\ IRU WKH SURMHFW KDYH D UHVSRQVLELOLW\ WR HQVXUH WKDW
SHUVRQQHO XQGHU WKHLU FRQWURO DUH FRPSHWHQW WR FDUU\ RXW WKHLU DVVLJQHG
GXWLHV $ &RPSHWHQF\DVVHVVPHQWDQG7UDLQLQJ3ROLF\VKDOOEHGHYHORSHG
WRLQFOXGH

• &RQWURODQG$VVHVVPHQWRI$SSRLQWHG6XE&RQWUDFWRUV
• 'UXJVDQGDOFRKRO3ROLF\
• +HDOWKDQG)LWQHVV
• 0HGLFDOFHUWLILFDWLRQIRU2IIVKRUHSHUVRQQHO

 0HW2FHDQ&RQVLGHUDWLRQV

:HDWKHUZRUNLQJOLPLWVPD\EHDFRPSOH[FRPELQDWLRQRIZLQGZDYHDQG
WLGDO YHORFLWLHV ,W LV OLNHO\ WKDW GLIIHUHQW ZRUNLQJ OLPLWV ZLOO EH VHW IRU
GLIIHUHQW SURMHFW DFWLYLWLHV IRU H[DPSOH FUDQH RSHUDWLRQV WRZLQJ RU GLYLQJ
RSHUDWLRQVDQGDOVRIRUGLIIHUHQWYHVVHOV*RRGVLWHVSHFLILFIRUHFDVWVDUH
LPSRUWDQW LQ DVVLVWLQJ WKH VFKHGXOLQJ RI ZHDWKHU GHSHQGDQW RSHUDWLRQV
VDIHO\ DQG HIILFLHQWO\ &RQWLQJHQF\ SODQQLQJ LQ WKH HYHQW RI GHWHULRUDWLQJ
FRQGLWLRQVUHTXLULQJWKHVXVSHQVLRQRIRSHUDWLRQVVKRXOGEHFRQVLGHUHGDV
SDUWRIDULVNDVVHVVPHQWSULRUWRFRPPHQFHPHQWRIZRUNV



*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

 6DIH:RUNLQJ3UDFWLFHV

6LWH$FFHVVDQG5RDG6DIHW\2QVKRUH

6LWH DFFHVV RQVKRUH VKRXOG EH PDQDJHG WR HQVXUH WKH VDIHW\ RI
SURMHFW SHUVRQQHO DQG WKH SXEOLF DOLNH  7HPSRUDU\ DFFHVV URXWHV
DQG KDUG VWDQGLQJV PD\ QHHG WR EH HVWDEOLVKHG DQG VKRXOG EH
DSSURSULDWHO\ VSHFLILHG DQG PDUNHG 6LPLODUO\ +,5$ ILQGLQJV PD\
UHFRPPHQGWKHWHPSRUDU\FORVXUHRISXEOLFKLJKZD\VDQG HUHFWLRQ
RI IHQFHV RU EDUULHUV GXULQJ WKH SURMHFW PRELOLVDWLRQ RU
GHPRELOLVDWLRQ

$Q RQVKRUH WUDQVSRUW PDQDJHPHQW SODQ LV UHFRPPHQGHG IRU DOO
YHKLFOHRSHUDWLRQV

6LWH$FFHVVDQG1DYLJDWLRQDO6DIHW\2IIVKRUH

$OO YHVVHO PRYHPHQWV XQGHUWKH FRQWURORIWKH 3ULQFLSDO &RQWUDFWRU
ZLOO UHTXLUH WKH VXEPLVVLRQ RI SDVVDJH SODQV LQ DFFRUGDQFH ZLWK
0&$JXLGHOLQHVWRLQFOXGH

• QRWLILFDWLRQRIUHOHYDQWDXWKRULWLHV
• QRWLFHVWR0DULQHUV
• DVVHVVPHQWRIWKLUGSDUW\DFWLYLW\
• SURSHU1DYLJDWLRQVLJQDOV
• WHPSRUDU\6DIHW\=RQHV
• PDUNLQJRIHTXLSPHQWOHIWRQVLWH
• PDULQH&RRUGLQDWLRQRQVLWH

5HIHUHQFHVKRXOGDOVREHPDGHWRVLWHVHFXULW\ZKLFKLVGLVFXVVHGLQ
VHFWLRQ  DQG WR ZHDWKHU ZRUNLQJ OLPLWV GLVFXVVHG LQ VHFWLRQ


'HYHORSHUVZLOODOVRQHHGWRWDNHQRWHRIWKH'RFNV5HJXODWLRQV6,
 QR  DQG VXEVHTXHQW DPHQGPHQWV IRU KHDOWKDQG VDIHW\
UHTXLUHPHQWVZLWKUHVSHFWWRDOOGRFNRSHUDWLRQVSDUWLFXODUO\ZKHUH
WKHGHYLFHLVLQWHQGHGWREHDFFHVVHGE\PHDQVRIDFRQILQHGVSDFH
HQWU\ ZKLOVW LQ SRUW WKH UHTXLUHPHQWV RI WKH &RQILQHG 6SDFHV
5HJXODWLRQVZLOOEHDSSOLHG7KH\ZLOODOVRQHHGWRHQVXUHWKDW
DOOYHVVHOVHQJDJHGRQWKHSURMHFWFRPSO\ZLWKWKHUHTXLUHPHQWVRI
WKH,QWHUQDWLRQDO6KLSDQG3RUW6HFXULW\&RGH,636



*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

'HYLFH$FFHVVDQG(JUHVV

$FFHVV WR PRVW PDULQH HQHUJ\ FRQYHUWHUV RXW DW VHD LV D KLJK ULVN
DFWLYLW\ DQG VKRXOGQRW EH DWWHPSWHG LI RWKHU PHDQV RIFRPSOHWLQJ
WKHZRUNDUHSRVVLEOH

:KHQHVWDEOLVKLQJSURFHGXUHVIRUVDIHSHUVRQQHODFFHVVDQGHJUHVV
LWLVUHFRPPHQGHGWKDWFRQVLGHUDWLRQLVJLYHQWR

• 0HWRFHDQ OLPLWV IRU VDIH DFFHVV LQFOXGLQJ DFFHVV GXULQJ WKH
KRXUVRIGDUNQHVVRULQSRRUYLVLELOLW\
• 33(UHTXLUHGGXULQJDFFHVV
• PD[LPXPORDGVIRUSHUVRQQHODFFHVVLQJGHYLFH
• SHUVRQQHOWUDLQLQJ
• FRQWLQJHQF\ DUUDQJHPHQWV IRU HPHUJHQF\ HJUHVV RU H[WUDFWLRQ
RIDFDVXDOW\LQFOXGLQJDUHKHDUVHGHPHUJHQF\UHVSRQVHSODQ

3HUVRQQHO WUDQVIHUV RIIVKRUH VKRXOG DOZD\V EH OLPLWHG WR WKRVH
GHHPHGDEVROXWHO\QHFHVVDU\,WLVLPSHUDWLYHWKDWVDIHV\VWHPVRI
ZRUN RU PHWKRG VWDWHPHQWV IRU DFFHVV DQG HJUHVV DUH IXOO\
GHYHORSHG DQG VXEMHFW WR ULJRURXV ULVN DVVHVVPHQW SULRU WR
LPSOHPHQWDWLRQ

7RZLQJ

6RPHPDULQHUHQHZDEOHGHYLFHVZLOOEHWRZHGWRDQGIURPWKHVLWH
IRU LQVWDOODWLRQ DQG IRU VXEVHTXHQW PDLQWHQDQFH ZRUNV ,Q DGGLWLRQ
WRZLQJ RSHUDWLRQV PD\ EH UHTXLUHG GXULQJ LQVWDOODWLRQ IRU MDFN XS
DQGRWKHUEDUJHVEULQJLQJSDUWVDQGHTXLSPHQWWRWKHFRQVWUXFWLRQ
VLWH

+HDOWKDQGVDIHW\FRQVLGHUDWLRQVIRUVDIHWRZLQJRSHUDWLRQVLQFOXGH

• DSSURSULDWHYHVVHOVHOHFWLRQ
• VHOHFWLRQRIWRZHTXLSPHQW
• ZHDWKHUOLPLWVDQGIRUHFDVWLQJ
• VDIHSUDFWLFHVIRUOLQHKDQGOLQJ

)XUWKHU UHIHUHQFHVKRXOG EHPDGH WR WKH0HUFKDQW 6KLSSLQJ &RGH
RI6DIH:RUNLQJ3UDFWLFHVIRU0HUFKDQW6HDPHQ5HJXODWLRQV
&KDSWHU

'LYLQJ

'LYLQJRSHUDWLRQVUHSUHVHQWDKLJKULVNWRWKHVDIHW\RIDQ\SURMHFW
DQG SDUWLFXODUO\ WKRVH WKDW DUH E\ GHILQLWLRQ FDUULHG RXW LQ KLJK
HQHUJ\ORFDWLRQVIRUZDYHDQGWLGDODFWLYLW\ (YHU\HIIRUWVKRXOGEH
PDGHWRµGHVLJQRXW¶GLYLQJRSHUDWLRQVIURPWKHSURMHFWDQGZKHUH
SRVVLEOH 529 HTXLSPHQW VKRXOG EH XVHG LQ SUHIHUHQFH WR GLYHUV
+RZHYHU WKHUH DUH VRPH ZRUNV ZKHUH GLYLQJ RSHUDWLRQV DUH OLNHO\
WREHQHFHVVDU\

'LYLQJ RSHUDWLRQV VKDOO DV D PLQLPXP VWDQGDUG EH FDUULHG RXW LQ
DFFRUGDQFH ZLWK WKH UHTXLUHPHQWV RI WKH 'LYLQJ DW :RUN
5HJXODWLRQVDQGWKHDSSURSULDWH$&23,6%1



*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

,PSRUWDQW SUDFWLFDO VWHSV WKDW FDQ EH WDNHQ WR PDQDJH WKH ULVNV
DVVRFLDWHGZLWKGLYLQJRSHUDWLRQVLQFOXGH

• VHOHFWLRQRIVXLWDEOHYHVVHO
• VDIHPHWKRGIRUDFFHVV HJUHVVIURPYHVVHO
• GLYHU&RPSHWHQF\
• PDQDJHPHQWRIGLYLQJRSHUDWLRQV
• UHFRPSUHVVLRQ
• HPHUJHQF\5HVSRQVH3ODQQLQJ

:RUNLQJDWKHLJKW

$OO ZRUN DW KHLJKW ZKHUH WKHUH LV D ULVN RI D IDOO OLDEOH WR FDXVH
SHUVRQDOLQMXU\VKDOOEHFDUULHGRXWLQDFFRUGDQFHZLWK7KH:RUNDW
+HLJKW5HJXODWLRQV7KHUHJXODWLRQVVHWRXWDVLPSOHKLHUDUFK\
IRUPDQDJLQJZRUNDWKHLJKWGXW\KROGHUVVKRXOGILUVW

• DYRLGZRUNDWKHLJKWZKHUHWKH\FDQ
• XVH ZRUN HTXLSPHQW RU RWKHU PHDVXUHV WR SUHYHQW IDOOV ZKHUH
WKH\FDQQRWDYRLGZRUNLQJDWKHLJKW
• ZKHUH WKH\ FDQQRW HOLPLQDWH WKH ULVN RI D IDOO XVH ZRUN
HTXLSPHQW RU RWKHU PHDVXUHV WR PLQLPLVH WKH GLVWDQFH DQG
FRQVHTXHQFHVRIDIDOOVKRXOGRQHRFFXU

,I ZRUN DW KHLJKW LV WR EH FDUULHG RXW WKH IROORZLQJ UHTXLUHPHQWV
VKDOOEHPHW
• DOOZRUNDWKHLJKWLVSURSHUO\SODQQHGDQGRUJDQLVHG
• WKRVHLQYROYHGLQZRUNDWKHLJKWDUHFRPSHWHQW
• WKHULVNVIURPZRUNDWKHLJKWDUHDVVHVVHGDQGDSSURSULDWHZRUN
HTXLSPHQWLVVHOHFWHGDQGXVHG
• WKHULVNVIURPIUDJLOHVXUIDFHVDUHSURSHUO\FRQWUROOHG
• HTXLSPHQW IRU ZRUN DW KHLJKW LV SURSHUO\ LQVSHFWHG DQG
PDLQWDLQHG

(QFORVHG6SDFHV

$OO ZRUN FRQGXFWHG LQ &RQILQHG 6SDFHV VKDOO EH FDUULHG RXW LQ
DFFRUGDQFH ZLWK WKH &RQILQHG 6SDFHV 5HJXODWLRQV 6,  1R
ZLWKIXUWKHUJXLGDQFHJLYHQLQ6DIH:RUNLQ&RQILQHG6SDFHV
$&23 ,W VKRXOG EH QRWHG WKDW WKHVH UHJXODWLRQV DUH ZULWWHQ ZLWK
RQVKRUH DFFHVV LQ PLQG 5LVN DVVHVVPHQWV VKRXOG WKHUHIRUH
KLJKOLJKW WKH LQFUHDVHG ULVNV RIIVKRUH LQFOXGLQJ DFFHVV DQG HJUHVV
IURPWKHFRQILQHGVSDFHDQGWKHHIIHFWRIDQ\PRWLRQ

,IZRUNLVWREHFDUULHGRXWLQDFRQILQHGVSDFHRULIWKHUHLVDULVN
WKDW LQ WKH HYHQW RI DQ DFFLGHQW HPHUJHQF\ DFFHVV WR D FRQILQHG
VSDFHPD\EHUHTXLUHGWKHQLWLVUHFRPPHQGHGWKDWSURFHGXUHVDUH
HVWDEOLVKHGSULRUWRWKHFRPPHQFHPHQWRIZRUNVWRLQFOXGH

• SHUVRQQHOWUDLQLQJ
• UHVFXHSHUVRQQHOWUDLQLQJ
• UHVFXH(TXLSPHQW
• XVH RI ORZ YROWDJH HOHFWULFDO HTXLSPHQW UHVLGXDO FXUUHQW
GHYLFHVDQGFDEOHSURWHFWLRQWREHXVHG



*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

/LIWLQJ

$OO OLIWLQJHTXLSPHQWPXVWEHFHUWLILHGPDLQWDLQHGDQGRSHUDWHGLQ
DFFRUGDQFH ZLWK WKH UHTXLUHPHQWV RI WKH /2/(5 DQG 38:(5
UHJXODWLRQV ,W LV UHFRPPHQGHG WKDW D OLIWLQJ SODQ LV GHYHORSHG
EHIRUH HDFK OLIW RU VHW RI OLIWV .H\ SUHFDXWLRQV WKDW VKRXOG EH
KLJKOLJKWHGZLWKLQWKHOLIWLQJSODQLQFOXGH

• DVVHVVPHQWRIFRPSHWHQF\DQGILWQHVVRISHUVRQQHOFDUU\LQJRXW
OLIWV
• DVVHVVPHQWRIHTXLSPHQWVXLWDELOLW\DQGFHUWLILFDWLRQ
• PHWKRGVWDWHPHQWVDQGULVNDVVHVVPHQWV
• DVVHVVPHQW RI HQYLURQPHQWDO IDFWRUV LQFOXGLQJ FRQGLWLRQ RI
WHUUDLQZHDWKHU
• FRQWLQJHQF\SODQQLQJ
• HPHUJHQF\SODQQLQJ

(OHFWULFDO6DIHW\

,W LV YLWDO WKDW YHU\ FOHDU SURFHGXUHV DUH GUDZQ XS ZLWK UHVSHFW WR
WKHKDQGOLQJDQGLVRODWLRQRIHOHFWULFDOHTXLSPHQWGXULQJLQVWDOODWLRQ
DQGSDUWLFXODUO\GXULQJFRPPLVVLRQLQJ

$Q\HOHFWULFDOLQVWDOODWLRQPXVWEHPDGHE\DQDXWKRULVHGHOHFWULFLDQ
DQG DQ\ HOHFWULFDO HTXLSPHQW LQVWDOOHG PXVW FRPSO\ ZLWK DQG EH
PDLQWDLQHG WR WKH VWDQGDUG RI WKH ,QVWLWXWH RI (OHFWULFDO (QJLQHHUV
,((UHTXLUHPHQWVIRUHOHFWULFDOLQVWDOODWLRQV

3UDFWLFDO PHDVXUHV WKDW VKRXOG EH FRQVLGHUHG WR LPSURYH HOHFWULFDO
VDIHW\RQWKHVLWHLQFOXGH

• HOHFWULFDOVDIHW\WUDLQLQJ
• DXWKRULVHGSHUVRQV
• LVRODWLRQ
• VLJQDJHDQGUHVWULFWHGDUHDV
• ILUVWDLGWUDLQLQJ
• XVHRIKDQGWRROV
• ILUHDQGH[SORVLRQULVNV

$QG DOVR UHIHU WR WKH (OHFWULFLW\ DW :RUN 5HJXODWLRQV 6, 1R


 3HUVRQQHO7UDFNLQJ

3HUVRQQHOWUDFNLQJV\VWHPVVKRXOGEHLPSOHPHQWHGIRURQVKRUHDQG
RIIVKRUH FRQVWUXFWLRQ VLWHV DQG UHFRUGV NHSW LQ D PDQQHU ZKLFK
DVVLVWVLPPHGLDWHDFFHVVWRWKHGDWDLQWKHHYHQWRIDQHPHUJHQF\
UHTXLULQJ UDSLG DFFRXQWLQJ RI SHUVRQQHO &RQVLGHUDWLRQ VKRXOG EH
JLYHQ WR SHUVRQQHO WUDFNLQJ GHYLFHV IRU DOO SHUVRQQHO ZRUNLQJ RYHU
ZDWHUWRDLGORFDWLRQLQWKHHYHQWRIDQ02%



*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

 0DQXDO+DQGOLQJ

$OO 0DQXDO+DQGOLQJ RSHUDWLRQV ZLWK WKH H[FHSWLRQ RI WKRVH RI WKH
PDVWHU RI FUHZ RI D VKLS LQ UHVSHFW RI WKHLU QRUPDO VKLS ERDUG
DFWLYLWLHV PXVW FRPSO\ ZLWK WKH 0DQXDO +DQGOLQJ 2SHUDWLRQV
5HJXODWLRQV  7KHVH UHJXODWLRQVSODFH D GXW\ RQ WKH HPSOR\HU
WRDYRLGZKHUHYHUSRVVLEOHWKHUHTXLUHPHQWIRUKD]DUGRXVPDQXDO
KDQGOLQJ RSHUDWLRQV DQG ZKHUH PDQXDO KDQGOLQJ LV UHTXLUHG WR
DVVHVV WKH RSHUDWLRQ WDNH VWHSV WR UHGXFH ULVN RI LQMXU\ DQG WR
VXSSO\ WKH HPSOR\HH ZLWK DSSURSULDWH LQIRUPDWLRQ DERXW WKH
RSHUDWLRQLQFOXGLQJ

FXUUHQW JXLGDQFH RQ PDQXDO KDQGOLQJ RSHUDWLRQV LQ WKH
•
FRQVWUXFWLRQLQGXVWU\
• PDQXDOKDQGOLQJDVVHVVPHQWWHFKQLTXHV
• SUHYHQWLRQ DQG PDQDJHPHQW RI 06'V PXVFXORVNHOHWDO
GLVRUGHUV
• PDQXDO+DQGOLQJ7UDLQLQJ&RXUVHV

 3HUVRQDO3URWHFWLYH(TXLSPHQW33(

6HOHFWLRQ RI WKH DSSURSULDWH 33( VKRXOG EH GHWHUPLQHG E\ ULVN
DVVHVVPHQW IRU HDFK DFWLYLW\ 5HTXLUHPHQWV DQG VWDQGDUGV IRU 33(
IRU RQVKRUH DQG RIIVKRUH DFWLYLWLHV LQFOXGH WKH XVH DQG
PDLQWHQDQFH RI RIIVKRUH VDIHW\ HTXLSPHQW VXFK DV OLIHMDFNHWV
KDUQHVVHV LPPHUVLRQ VXLWV 3/%V DQG IDOO DUUHVW V\VWHPV ,W LV
LPSHUDWLYH WKDW  SHUVRQQHO KDYH DSSURSULDWH WUDLQLQJ LQ WKH XVH RI
WKH HTXLSPHQW SURYLGHG DQG UHIHUHQFH VKDOO EH PDGH WR WKH
3HUVRQDO 3URWHFWLYH (TXLSPHQW DW :RUN 33( 5HJXODWLRQV 6, 
1R

 6OLSVWULSVDQGIDOOV

$FFRUGLQJ WR +6( ILJXUHV RYHU RQH WKLUG RI WKH PDMRU LQMXULHV WR
HPSOR\HHVUHSRUWHGLQZHUHGXHWRVOLSVRUWULSV

µ6OLSVWULSVDQGIDOOV¶DFFLGHQWVFDQRIWHQEHSUHYHQWHGZLWKVLPSOH
PHDVXUHVLQFOXGLQJ

• PDQDJHPHQWRIWKHRYHUDOORUGHUDQGFOHDQOLQHVVRIWKHVLWH
• XVHRIDSSURSULDWHQRQVOLSPDWHULDOVIRRWZHDUDQGKDQGUDLOV
• ZRUNLQJDUHDVFOHDURIREVWDFOHVDQGZDVWH



*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

 2QVKRUH:RUNV

2QVKRUH ZRUNV WKDW PD\ EH UHTXLUHG IRU LQVWDOODWLRQ RI PDULQH JHQHUDWRUV
LQFOXGH

• HVWDEOLVKPHQWRITXD\VLGHEDVHIRUSDUWVDQGHTXLSPHQWORDGRXW
• FDEOHVKRUHODQGLQJVDQGEXULDO
• LQVWDOODWLRQRIVXEVWDWLRQDQG*ULG&RQQHFWLRQZRUNV

6DIHSODQQLQJRIWKHVHDFWLYLWLHVZLOOLQFOXGH

• DVVHVVPHQWRIORDGOLPLWVRIWKHTXD\
• DVVHVVPHQW RI TXD\ VSDFH UHTXLUHG IRU VDIH KDQGOLQJ RI SDUWV DQG
HTXLSPHQW
• HVWDEOLVKPHQWRIVDIHWHPSRUDU\IDFLOLWLHV
• DVVHVVPHQWRIJURXQGFRQGLWLRQVDQGDQ\SUHYLRXVODQGXVHWKDWFRXOG
DIIHFWFDEOHVDQGVXEVWDWLRQLQVWDOODWLRQ
• HOHFWULFDOVDIHW\UXOHVDQGUHJXODWLRQV

 6DIHW\6LJQV

6LJQDJHVKRXOGPHHWWKHPLQLPXPUHTXLUHPHQWVRIWKH+HDOWKDQG6DIHW\
6DIHW\6LJQVDQG6LJQDOV5HJXODWLRQV

7KHVH UHJXODWLRQV UHTXLUH WKH HPSOR\HU WR SURYLGH VSHFLILF VDIHW\ VLJQV
ZKHQHYHUWKHUH LV DULVN WKDW KDV QRWEHHQ DYRLGHG RU FRQWUROOHG E\ RWKHU
PHDQV

 &KHPLFDOVDQG6XEVWDQFHV

&26++ DVVHVVPHQWV DUH D UHTXLUHPHQW RI WKH &RQWURO RI 6XEVWDQFHV
+D]DUGRXV WR +HDOWK 5HJXODWLRQV  IRU DOO VXEVWDQFHV DQG PDWHULDOV
XVHG GXULQJ LQVWDOODWLRQ DQGFRPPLVVLRQLQJ ZKLFKPD\SUHVHQW KHDOWK DQG
VDIHW\KD]DUGV)XUWKHULWLVUHFRPPHQGHGWKDW

• DUHJLVWHURIDOOKD]DUGRXVVXEVWDQFHVEURXJKWRQWRVLWHLVPDLQWDLQHG
DFFRPSDQLHGE\WKH06'6DQG&26++ULVNDVVHVVPHQW
• VSHFLILFDWLRQ RI ILUVW DLG IDFLOLWLHV VKRXOG WDNHQ LQWR DFFRXQW WKH QDWXUH
RIDQ\VXEVWDQFHVXVHG

7KHUHDUHERWKOHJLVODWLYHUHTXLUHPHQWVDQGJRRGLQGXVWU\SUDFWLFHIRUWKH
VWRUDJH RI KD]DUGRXV VXEVWDQFHV &RQVLGHUDWLRQ VKRXOG EH JLYHQ WR
SUHYHQWLRQ RI  HPHUJHQF\ SURFHGXUH IRU VSLOODJHV RI FKHPLFDOV DQG
VXEVWDQFHV LQWR WKH ZDWHU ZKLFK FRXOG KDYH KDUPIXO HIIHFWV RQ WKH
HQYLURQPHQWRUOHDGWRDPDULQHSROOXWLRQLQFLGHQW(PHUJHQF\SURFHGXUHV
VKRXOG DGGUHVV VSLOODJH DQG DQ\ RWKHU HPHUJHQF\ SUHVHQWHG IURP VXFK
VWRUDJH

)LQDOO\ WKHGHYHORSHU ZLOO QHHG WRFRQVLGHU WKH VWRUDJH KDQGOLQJ DQG XVH
RI DQ\ H[SORVLYH R[LGLVLQJ RU IODPPDEOH VXEVWDQFHV LQ FRQIRUPDQFH ZLWK
WKH'DQJHURXV6XEVWDQFHVDQG([SORVLYH$WPRVSKHUHV5HJXODWLRQV



*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

 6HFXULW\

6LWHVHFXULW\DUUDQJHPHQWVERWKRQVKRUHDQGRIIVKRUHSOD\DQLPSRUWDQW
UROHLQSUHYHQWLQJDFFHVVE\XQDXWKRULVHGSHUVRQVZKRFRXOGFDXVHKDUP
WRWKHPVHOYHVRUWRSURMHFWSHUVRQQHORUHTXLSPHQW

 2FFXSDWLRQDO+HDOWK

2FFXSDWLRQDO KHDOWK ULVNV DQG UHTXLUHPHQWV VKDOO GHSHQG RQ WKH ZRUN
XQGHUWDNHQ %RWK VKDOO EH GHILQHG GXULQJ ULVN DVVHVVPHQW VSHFLILF WR WKH
RSHUDWLRQ LQYROYHG 2UJDQLVDWLRQV VKRXOG HQVXUH WKH\ KDYH DSSURSULDWH
SURFHGXUHVHVWDEOLVKHGWKDWGHILQH

• DQ\UHTXLUHPHQWVIRUDSUHHPSOR\PHQWPHGLFDO
• DQ\OHJDOUHTXLUHPHQWVIRUKHDOWKVXUYHLOODQFH
• DQ\ ORFDO PLQLPXP VWDQGDUGV IRU H[DPSOH ILWQHVV H\HVLJKW KHDULQJ
FRORXUEOLQGQHVV
• SURSHUDUUDQJHPHQWVIRUKHDOWKUHFRUGVIRUH[DPSOHFRQILGHQWLDOLW\
• DSSURSULDWHPHGLFDOVIRUSHUVRQQHOZRUNLQJRIIVKRUH

 0HGLFDO)DFLOLWLHVDQG)LUVWDLG

$ULVNDVVHVVPHQWZLOOGHWHUPLQHWKHDSSURSULDWHOHYHORIPHGLFDOWUHDWPHQW
IDFLOLWLHVIRUHDFKFRQVWUXFWLRQVLWHGHILQHGDV

• PHGLFDOWUHDWPHQWURRPRUVSDFH
• PHGLFLQHVDQGWUHDWPHQWFRQVXPDEOHV
• PHGLFDOWUHDWPHQWHTXLSPHQW
• SHUVRQVZLWKPHGLFDOWUDLQLQJ

7KHUHTXLUHPHQWVRIWKH+HDOWKDQG6DIHW\)LUVW$LG5HJXODWLRQVZLOO
DVVLVWLQGHILQLQJWKHDSSURSULDWHDUUDQJHPHQWVIRUWKHVLWH

 (PHUJHQF\5HVSRQVH3ODQQLQJ

$ VLWH (PHUJHQF\ 5HVSRQVH 3ODQ 3URMHFW (53 VKRXOG EH LQ SODFH GXULQJ
WKH &RQVWUXFWLRQ SKDVH ZLWK DSSURSULDWH DGGLWLRQV RU DGMXVWPHQWV IRU
VSHFLILF RU µRQH RII¶ RSHUDWLRQV :KHUH VXEFRQWUDFWRUV DUH LQYROYHG WKH
SODQ VKRXOG GHWDLO µEULGJLQJ¶ DUUDQJHPHQWV EHWZHHQ WKH (PHUJHQF\
5HVSRQVH3ODQVRILQGLYLGXDOFRQWUDFWRUVDQGSDUWLFXODUO\LQGLYLGXDOYHVVHOV
HQJDJHG 2SHUDWRUV DQG GHYHORSHUV DUH UHTXLUHG WR XVH WKH 0&$¶V
µ(PHUJHQF\ 5HVSRQVH &RRSHUDWLRQ 3ODQ (5&RS¶ LQ IRUPXODWLQJ WKHLU
HPHUJHQF\UHVSRQVHSODQVDQGVLWH6DIHW\0DQDJHPHQW6\VWHPV

:KHQ GHYHORSLQJ WKH (53 FRQVLGHUDWLRQ RI WKH UHPRWHQHVV RI WKH VLWH
ORFDWLRQ DQG WKH H[WUHPH ORFDO FRQGLWLRQV GLFWDWHG E\ WKH QDWXUH RI WKH
GHYLFH ZDYH RU WLGDO HQHUJ\ DQG WKH UHVSRQVH WLPHV RI HPHUJHQF\
VHUYLFHVVKRXOGEHPDGHDQGDSSURSULDWHDUUDQJHPHQWVLHHTXLSPHQWDQG
WUDLQHG SHUVRQQHO SURYLGHG WR HQVXUH VHOI VXIILFLHQF\ DQG SUHVHUYDWLRQ RI
OLIHXQWLOHPHUJHQF\VHUYLFHVDUHLQDWWHQGDQFH

7KHVHSODQVVKRXOGEHGLVFXVVHGZLWKWKH0&$DQGWKHUHOHYDQW05&&



*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

(PHUJHQF\5HVSRQVH3ODQVVKRXOGLQFOXGH

• HPHUJHQF\FRQWDFWGHWDLOVIRUDOOLQWHUQDODQGH[WHUQDOSDUWLHVLQYROYHG
LQWKHZRUNV
• YHVVHOFRQWDFWGHWDLOV
• WKLUGSDUW\HPHUJHQF\VHUYLFHFRQWDFWGHWDLOV
• HPHUJHQF\&RPPXQLFDWLRQVSURFHGXUHV
• HPHUJHQF\ UHVSRQVH LQLWLDO DFWLRQV IORZFKDUW IRU HPHUJHQFLHV WKDW
FRXOGEHDQWLFLSDWHGLQFOXGLQJ
o PDQRYHUERDUG
o HQFORVHG6SDFHHPHUJHQFLHVDQGHYDFXDWLRQSURFHGXUHV
o HPHUJHQF\VKXWGRZQRIHQHUJLVHGHTXLSPHQW
o IDLOHGOLIWLQJRSHUDWLRQV
o ILUH
o VLFNQHVV
o LQMXU\
o YHVVHOFROOLVLRQJURXQGLQJSXQFKWKURXJK
o YHVVHOVQRWXQGHUFRPPDQG
o SROOXWLRQ
o VHFXULW\
o H[WUHPHZHDWKHU
o GLYLQJHPHUJHQFLHVLIDSSOLFDEOH
• VWDWXWRU\UHSRUWLQJUHTXLUHPHQWV
• WUDLQLQJDQGGULOOVUHTXLUHPHQWV

,WLVUHFRPPHQGHGWKDWH[HUFLVHVDUHUHJXODUO\XQGHUWDNHQWRYDOLGDWHWKH
(53 DQG WR HQVXUH WKDW RSHUDWLRQV VWDII DUH IDPLOLDU ZLWK LW ,W LV
SDUWLFXODUO\ LPSRUWDQW WR HQJDJH ORFDO HPHUJHQF\ VHUYLFHV LQFOXGLQJ
PHGLFDO IDFLOLWLHV LQ XQGHUVWDQGLQJ WKH SRWHQWLDO QHHGV RI WKH SURMHFW DQG
WKHHQYLURQPHQWDOFRQGLWLRQVXQGHUZKLFKWKH\PD\EHDVNHGWRDVVLVW

 5HSRUWLQJDQG,QYHVWLJDWLRQRI$FFLGHQWVDQG,QFLGHQWV

6WDWXWRU\ UHTXLUHPHQWV IRU WKH UHSRUWLQJ RI PDMRU DFFLGHQWV GDQJHURXV
RFFXUUHQFHV DQG GLVHDVHV DUH VSHFLILHG XQGHU VFKHGXOHV   DQG  RI
5,''25127(3DUWRIVFKHGXOHLGHQWLILHVVSHFLILFRIIVKRUHGDQJHURXV
RFFXUUHQFHVZKLFKDUHWREHUHSRUWHG

,WLVUHFRPPHQGHGWKDWDSURFHGXUHLVHVWDEOLVKHGIRUWKHUHSRUWLQJRIDQ\
LQFLGHQWV DFFLGHQWV DQG QHDU PLVVHV IRU WKH SURMHFW DQG WKDW DOO
FRQWUDFWRUV DUH UHTXLUHG WR SDUWLFLSDWH LQ WKH UHSRUWLQJ 3URSHU
LQYHVWLJDWLRQ RI LQGLYLGXDO HYHQWV KDV EHHQ SURYHQ WR GHOLYHU VDIHW\
LPSURYHPHQWV ZKLOVW WUHQG DQDO\VLV FDQ OHDG WR WKH LGHQWLILFDWLRQ RI URRW
FDXVHVZKLFKFDQDJDLQGHOLYHUVLJQLILFDQWLPSURYHPHQWVLQSURMHFWVDIHW\

$OODFFLGHQWVLQFLGHQWVDQGQHDUPLVVHVPXVWEHLQYHVWLJDWHG
,Q JHQHUDO WKRVH ZKLFK KDYH D KLJK DFWXDO RU SRWHQWLDO VHYHULW\ VKRXOG
KDYH D JUHDWHU LQGHSWK LQYHVWLJDWLRQ WKDQ WKRVH ZKLFK GLG QRW 7KH
SRWHQWLDOWKDWDQDFFLGHQWRULQFLGHQWKDGWRKDUPRUGDPDJHLVWKHIDFWRU
WR EH XVHG WR GHWHUPLQH D VXLWDEOH OHYHO RI LQYHVWLJDWLRQ DQG XVH RI
UHVRXUFHV


*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

 $VEXLOWGDWDDQGWKH+HDOWKDQG6DIHW\)LOH

&'0UHJXODWLRQVUHTXLUHWKHSXEOLFDWLRQRID+HDOWKDQG6DIHW\)LOHIRUWKH
LQVWDOODWLRQRQFRPSOHWLRQRIWKHZRUNV7KLVLVDYHU\LPSRUWDQWGRFXPHQW
IRU WKH RQ JRLQJ RSHUDWLRQ DQG PDLQWHQDQFH RI WKH VLWH VLQFH LW LQFOXGHV
VSHFLILF LQIRUPDWLRQ DERXW WKH NH\ KD]DUGV DQG ULVNV DVVRFLDWHG ZLWK WKH
LQVWDOODWLRQ WKDW VKRXOG EH WDNHQ WR DFFRXQW LQ DQ\ IXWXUH ZRUNV EHLQJ
SODQQHG 7KH +HDOWK DQG 6DIHW\ )LOH VKRXOG EH XSGDWHG WR UHIOHFW DQ\
FKDQJHVWRWKHLQVWDOODWLRQGXULQJWKHSURMHFWOLIHWLPH

,WVKRXOGLQFOXGH

• DVEXLOWGUDZLQJVRIDOOLQVWDOOHGHTXLSPHQW
• NH\VDIHW\KD]DUGVDIIHFWLQJIXWXUHZRUNV
• RWKHULQIRUPDWLRQUHOHYDQWWRWKHVDIHW\RIIXWXUHZRUNV

7KH ILOH ZLOO IRUP SDUW RI WKH NH\ LQIRUPDWLRQ UHTXLUHG E\ IXWXUH &OLHQWV
'HVLJQHUV&'0&RRUGLQDWRUVDQG3ULQFLSDO&RQWUDFWRUVWRFDUU\RXWIXWXUH
PDLQWHQDQFHRUFRQVWUXFWLRQZRUNRQWKHLQVWDOODWLRQ


*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

 2SHUDWLRQDQG0DLQWHQDQFH

 ,QWURGXFWLRQ

7KH 2SHUDWLRQV DQG 0DLQWHQDQFH SKDVH RI WKH SURMHFWV OLIHF\FOH ZLOO EH LWV
ORQJHVW,WLVOLNHO\WRLQYROYHVLPLODUDFWLYLWLHVWRWKRVHDGGUHVVHGLQVHFWLRQ
 DQG DOVR WKHUHIRUH UHSUHVHQWV D KLJK ULVN SKDVH IRU WKH SURMHFW 7KH
RSHUDWLRQV DQG PDLQWHQDQFH RI WKH LQVWDOODWLRQ ZKHWKHU LQGLYLGXDO GHYLFH
RUDUUD\VKRXOGEHFRQVLGHUHGLQGHWDLODWWKHGHVLJQVWDJHVRWKDWXQVDIH
SUDFWLFHV DUH QRW µGHVLJQHG LQ¶ 'XULQJ WKH 2SHUDWLRQV DQG 0DLQWHQDQFH
SKDVHVPDOOHUFUHZVDQGYHVVHOVZLOOEHXWLOLVHGDQGVSHFLDOFRQVLGHUDWLRQLV
UHTXLUHG HQVXULQJ VXLWDEOH FRQWLQJHQFLHV DUH LQ LPSOHPHQWHG IRU DOO
RSHUDWLRQVWREHFDUULHGRXWVDIHO\

3URDFWLYH PDQDJHPHQW LQ PDLQWDLQLQJ D VWURQJ KHDOWK DQG VDIHW\ FXOWXUH
IURPWKHVWDUWLVDNH\IDFWRULQJHWWLQJDOOSHUVRQQHOWRDFFHSWRZQHUVKLSRI
+HDOWK DQG 6DIHW\ SHUIRUPDQFH $ IXOO VLWH 6DIHW\ 0DQDJHPHQW 6\VWHP
VXFK DV WKDW GLVFXVVHG LQ 6HFWLRQ  VKRXOG EH LQ SODFH IRU WKH OLIHWLPH RI
WKH LQVWDOODWLRQ DQG VKRXOG EH XSGDWHG DQG DPHQGHG DV DSSURSULDWH
5HJXODU UHSRUWLQJ RI DFFLGHQWV LQFLGHQWV DQG QHDU PLVVHV VKRXOG EH
HQFRXUDJHG DQG FRUUHFWLYH DFWLRQV LGHQWLILHG )XUWKHU LW LV UHFRPPHQGHG
WKH µ6DIH 6\VWHPV RI :RUN¶ DUH GHYHORSHG ZLWKLQ WKH 6DIHW\ 0DQDJHPHQW
6\VWHP IRU DOO UHJXODU 2SHUDWLRQV DQG 0DLQWHQDQFH DFWLYLWLHV SDUWLFXODUO\
WKRVH LQYROYLQJ KLJK YROWDJH HOHFWULFDO HTXLSPHQW ZLWK 3HUPLW WR :RUN
VFKHPHVZKHUHDSSURSULDWH

$ 6DIHW\ 2IILFHU UHVSRQVLEOH IRU PDLQWDLQLQJ VDIHW\ VWDQGDUGV
GRFXPHQWDWLRQUHSRUWLQJDQGLPSURYHPHQWVVKRXOGEHDSSRLQWHG

0DQ\ RI WKH VDIHW\ FRQVLGHUDWLRQV DQG ULVN PLWLJDWLRQ PHDVXUHV GLVFXVVHG
LQVHFWLRQDUHDOVRDSSOLFDEOHWRWKH2SHUDWLRQVDQG0DLQWHQDQFHSKDVH
DQG DUH OLVWHG DJDLQ IRU FRQYHQLHQFH ZLWK IXUWKHU GLVFXVVLRQ RI SDUWLFXODU
LQWHUHVWWRWKLVVHFWLRQZKHUHUHOHYDQW

$OO PDMRU PDLQWHQDQFH DFWLYLWLHV VKDOO IDOO XQGHU WKH &RQVWUXFWLRQ 'HVLJQ
DQG0DQDJHPHQW5HJXODWLRQVKRZHYHUWKHH[WHQWRIFRPSOLDQFHWR
WKHVH UHJXODWLRQV VKDOO GHSHQG XSRQDPRXQW RI WLPHUHTXLUHG WR FRPSOHWH
WKH ZRUN )RU H[DPSOH LI WKH ZRUN ZLOO WDNH ORQJHU WKDQ  GD\V RU 
SHUVRQ GD\V WR FRPSOHWH WKH ZRUN LV QRWLILDEOH DQG WKH ZKROH RI WKH
UHJXODWLRQVSDUWV VKDOOEHUHTXLUHGWREHFRPSOLHGZLWKLI
KRZHYHU WKH ZRUN LV QRW H[SHFWHG WR WDNH RU H[FHHG WKH WLPHVFDOHV IRU
QRWLILFDWLRQRQO\SDUWVDQGRIWKHUHJXODWLRQVVKRXOGEHFRPSOLHG
ZLWK

:KHQ GHILQLQJ WKH PDLQWHQDQFH DFWLYLWLHV WR EH XQGHUWDNHQ FRQVLGHUDWLRQ
VKRXOG EH JLYHQ WR WKH GHVLJQ ULVN DQDO\VLV LQ SDUWLFXODU WKH )DLOXUH 0RGH
(IIHFW $QDO\VLV 7KLV SURFHVV VKDOO KDYH GHILQHG WKH IDLOXUH PRGHV DQG
IUHTXHQFLHVRIFRPSRQHQWVDQGV\VWHPIDLOXUHZKLFKPD\RFFXUGXULQJWKH
OLIHF\FOHRIWKHGHYLFH)URPWKLVDFOHDUXQGHUVWDQGLQJ RI IDLOXUHVHQVLWLYH
FRPSRQHQWV PD\ EH LGHQWLILHG FULWLFDOLW\ RI WKH IDLOXUH RI VSHFLILF
FRPSRQHQWV DQG NQRZQ IUHTXHQFLHV RI IDLOXUH VKDOO KHOS WR LGHQWLI\ WKH
IUHTXHQF\ RI PDLQWHQDQFH LQWHUYHQWLRQ WKXV  IRUPLQJ WKH EDVLV RI D
SURJUDPPHRISODQQHGSUHYHQWLYHPDLQWHQDQFHLQVSHFWLRQDQGWHVWLQJ

'HYHORSHUV VKRXOG DOVR FRQVLGHU XQSODQQHG LQWHUYHQWLRQ DIWHU H[WUHPH
HYHQWVVXFKDVH[WUHPHZDYHFRQGLWLRQVWLGDOVXUJHVDQGRUH[FHSWLRQDOO\


 *XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

KLJK ZLQGV HWF WR HQVXUH WKH LQWHJULW\ RI WKH GHYLFH KDV QRW EHHQ
FRPSURPLVHG


3HUIRUPDQFH LQIRUPDWLRQ FROOHFWHG GXULQJ WKH LQVWDOODWLRQ FRPPLVVLRQLQJ
RSHUDWLRQ DQG PDLQWHQDQFH VWDJHV VKRXOG EH IHHGEDFN WR WKH GHVLJQHU VR
WKH\PD\UHYLHZWKHGDWDDQGSHUIRUPWKHLULQVHUYLFHGHVLJQYDOLGDWLRQ
WRFRQILUPWKHLUGHVLJQV³ZRUNLQSUDFWLFH´7KLVGDWDZLOOW\SLFDOO\LQFOXGH

• RSHUDWLRQDOSHUIRUPDQFHGDWD
• PDLQWHQDQFHLQVSHFWLRQUHSRUWV
• VHUYLFHUHSRUWV
• QRQFRQIRUPLWLHV
• LPSURYHPHQWVVXJJHVWLRQV

 3ODQQLQJ&RPPXQLFDWLRQ&RRUGLQDWLRQ

(IIHFWLYHSODQQLQJ FRPPXQLFDWLRQ DQG FRRUGLQDWLRQ RI SURMHFW KHDOWK DQG
VDIHW\JRDOVUXOHVDQGUHTXLUHPHQWVWKURXJKRXWWKHZRUNLQJOLIHWLPHRIWKH
LQVWDOODWLRQ FDQ JR D ORQJ ZD\ LQ SUHYHQWLQJ DFFLGHQWV 7KLV VHFWLRQ ZLOO
KLJKOLJKW

• SURMHFW RUJDQLVDWLRQDO VWUXFWXUH DQG LGHQWLILFDWLRQ RI + 6 UROHV DQG
UHVSRQVLELOLWLHV
• FRPPXQLFDWLRQ±FRPPXQLFDWLRQZLWKWKLUGSDUWLHVDQGRWKHUVLWHXVHUV
FRPPXQLFDWLRQZLWKWKHSXEOLF
• FRPPXQLFDWLRQ/LQNVRQVKRUHRIIVKRUHDQGVKLSWRVKRUH
• PDQDJHPHQW RI +HDOWK DQG 6DIHW\ LVVXHV WKURXJKRXW WKH ZRUNLQJ OLIH
WLPHRIWKHLQVWDOODWLRQ

 'RFXPHQWDU\&RQWURODQG5HFRUG.HHSLQJ2 0

,Q DGGLWLRQ WR WKH UHTXLUHPHQWV GHWDLOHG XQGHU VHFWLRQ  DGGLWLRQDO
GRFXPHQWDWLRQ VKDOO EH UHTXLUHG DQG UHFRUGV PDGH WR FROOHFW GDWD RQ WKH
RSHUDWLRQDO SHUIRUPDQFH RI WKH GHYLFHV 0DLQWHQDQFH UHFRUGV VKDOO EH
UHTXLUHG WR EH PDLQWDLQHG IRU HDFK GHYLFH XVXDOO\ LQ WKH IRUP RI D
PDLQWHQDQFH UHFRUG ORJ GHWDLOLQJ DOO FKHFNV PDGH DQG PDLQWHQDQFH
SHUIRUPHG RQWKHGHYLFHWKURXJKRXWLWVOLIHF\FOH7KH+HDOWK 6DIHW\)LOH
VKDOO UHTXLUH WR EH XSGDWHG ZLWK VSHFLILF LQIRUPDWLRQ UHODWLQJ WR WKH
VWUXFWXUH VKRXOG GXULQJ WKH PDLQWHQDQFH SKDVHV WKHUH DUH VLJQLILFDQW
FKDQJHVWRWKHVWUXFWXUHDQGRUGHYLFHDJDLQIXUWKHUGHWDLOVDUHFRQWDLQHG
ZLWKLQWKH$&23/



*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

7\SLFDO SURMHFW GRFXPHQWDWLRQ ZKLFK ZLOO UHTXLUH WR EH FRQWUROOHG GXULQJ
WKH2SHUDWLRQVDQG0DLQWHQDQFHSKDVHVKDOOLQFOXGH

• 3URMHFW +HDOWK  6DIHW\ 0DQDJHPHQW 6\VWHP SURFHGXUHV DQG
GRFXPHQWDWLRQ
• &RQVWUXFWLRQ3KDVH3ODQV0DLQWHQDQFH3KDVH3ODQV
• 'UDZLQJV
• 6SHFLILFDWLRQV
• 0HWKRG6WDWHPHQWV
• 5LVN$VVHVVPHQWV
• 7HVW &RPPLVVLRQLQJ5HSRUWV
• 7UDLQLQJ5HFRUGVDQG&HUWLILFDWLRQ
• (TXLSPHQW&HUWLILFDWLRQ
• 0DLQWHQDQFH5HFRUG/RJV

 6DIH6\VWHPVRI:RUN

7KH 6DIHW\ 0DQDJHPHQW 6\VWHP IRU WKH SURMHFW ZLOO EH VLJQLILFDQWO\
GHYHORSHG E\ WKLV VWDJH EXW LW LV LPSRUWDQW WR HQVXUH WKDW WKHUH DUH VDIH
V\VWHPV RI ZRUN LQ SODFH LQFOXGLQJ 3HUPLW WR :RUN V\VWHPV ZKHUH
DSSURSULDWH IRU WKHUHJXODUPDLQWHQDQFH DFWLYLWLHV DQG IRUWKLUGSDUWLHV RU
WKHJHQHUDOSXEOLF

:ULWWHQ µ6DIH 6\VWHPV RI :RUN¶ RU µ0HWKRG 6WDWHPHQWV¶ DUH XVHG WR
GHVFULEH LQ GHWDLO WKH LQGLYLGXDO WDVNV WR EH FDUULHG RXW GXULQJ 2SHUDWLRQ
DQG 0DLQWHQDQFH DFWLYLWLHV DQG WR OLVW WKH ULVN PLWLJDWLRQ PHDVXUHV WR EH
WDNHQ $Q\ UHVLGXDO ULVNV WKDW VKRXOG EH SURSHUO\ FRQWUROOHG GXULQJ WKH
ZRUNVDUHDOVRKLJKOLJKWHG

6DIH6\VWHPVRI:RUNVKRXOGEHSUHSDUHGE\WKHVLWHRZQHURURSHUDWRURU
LI SUHSDUHG E\ D VXEFRQWUDFWRU IRU VSHFLILF DUHDV RI ZRUN VKRXOG EH
DSSURYHGE\WKHRSHUDWRU

 ,QIRUPDWLRQ&RQVXOWDWLRQ7UDLQLQJDQG6XSHUYLVLRQ

*HQHUDOGXWLHVRIWKHHPSOR\HUXQGHUWKH+HDOWKDQG6DIHW\DW:RUNHWF
$FW  LQFOXGH WKH SURYLVLRQ RI LQIRUPDWLRQ WUDLQLQJ DQG VXSHUYLVLRQ
QHFHVVDU\ WR HQVXUH HPSOR\HHV FRQWUDFWRUV RU YLVLWRUV¶ KHDOWK DQG VDIHW\
LQWKHZRUNSODFH

$OO SHUVRQQHO VKRXOG EH JLYHQ D VLWH VDIHW\ LQGXFWLRQ EHIRUH EHLQJ
DXWKRULVHG WR HQWHULQJ DQ\ RI WKH SURMHFW VLWHV 7KH FRQWHQWV RI WKH
LQGXFWLRQZLOOYDU\DFFRUGLQJWRWKHQDWXUHRIWKHVLWHDQGZKHWKHULWLVRQ
RU RIIVKRUH  7UDLQLQJ UHTXLUHPHQWV IRU VSHFLILF ORFDWLRQV RU WDVNV VKRXOG
DOVREHLGHQWLILHGWRLQFOXGH

• PLQLPXPUHTXLUHPHQWVIRUJHQHUDOVDIHW\LQGXFWLRQV
• PLQLPXP DSSURSULDWH VDIHW\ LQGXFWLRQV DQG WUDLQLQJ IRU SHUVRQQHO
ZRUNLQJRIIVKRUH
• DVVHVVPHQWRIVNLOOVUHTXLUHPHQWVIRUVSHFLILFMREV
• WUDLQLQJ0DWULFHV
• WRRO%R[WDONV

$SSURSULDWH SURYLVLRQ VKRXOG EH PDGH IRU WKH UHTXLUHPHQWV RI WKH
PDQDJHPHQWRI+HDOWKDQG6DIHW\DW:RUN5HJXODWLRQV



*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

 0DLQWHQDQFH3ODQQLQJ

3ODQQHG SUHYHQWLYH PDLQWHQDQFH VKRXOG ZKHUHYHU SRVVLEOH WDNH SODFH
GXULQJWKHVXPPHUPRQWKVZKHQERWKVDIHW\DQGVFKHGXOHULVNVDUHDVORZ
DVSRVVLEOH)XUWKHUFRQVLGHUDWLRQVKRXOGEHJLYHQWRVSHFLILFSUHYHQWDWLYH
PDLQWHQDQFHRIHTXLSPHQWGXULQJWKHVXPPHUPRQWKVWKDWFRXOGPLQLPLVH
WKHUHTXLUHPHQWIRUXQSODQQHGPDLQWHQDQFHGXULQJWKHZLQWHUPRQWKV

7KH UHGXFWLRQ LQ VHD WHPSHUDWXUHV GXULQJ WKH ZLQWHU PRQWKV VLJQLILFDQWO\
UHGXFH WKH VXUYLYDO WLPHV LQ PDQ RYHU ERDUG VLWXDWLRQV DQG FRQVLGHUDWLRQ
VKRXOG EH JLYHQ WR WKLV ZKHQ SODQQLQJ ZLQWHU PDLQWHQDQFH DFWLYLWLHV
SDUWLFXODUO\ZLWKUHVSHFWWR

• ZHDWKHUZRUNLQJOLPLWV
• QLJKWZRUNLQJ
• 33(
• HPHUJHQF\SURFHGXUHV

 6DIH:RUNLQJ3UDFWLFHV

6LWH$FFHVVDQG5RDG6DIHW\2QVKRUH

$FFHVV WR RQVKRUH IDFLOLWLHV VKRXOG EH PDQDJHG WR HQVXUH WKH
VDIHW\ RI SURMHFW SHUVRQQHO DQG WKH SXEOLF DOLNH  7KLV ZLOO EH
SDUWLFXODUO\ LPSRUWDQW IRU DQ\ VKRUH EDVHG VXEVWDWLRQV DQG *ULG
FRQQHFWLRQIDFLOLWLHV

$Q RQVKRUH 7UDQVSRUW 3ROLF\ LV UHFRPPHQGHG IRU DOO YHKLFOH
RSHUDWLRQV

6LWH$FFHVVDQG1DYLJDWLRQDO6DIHW\2IIVKRUH

$OO PRYHPHQWV XQGHU WKH FRQWURO RI WKH 6LWH 2SHUDWRU VKDOO EH WKH
VXEMHFWRISDVVDJHSODQVLQDFFRUGDQFHZLWK0&$JXLGHOLQHV

• QRWLILFDWLRQRIUHOHYDQWDXWKRULWLHV
• QRWLFHVWR0DULQHUV
• DVVHVVPHQWRIWKLUGSDUW\DFWLYLW\
• SURSHU1DYLJDWLRQVLJQDOV
• WHPSRUDU\6DIHW\=RQHV
• PDUNLQJRIHTXLSPHQWOHIWRQVLWH
• PDULQH&RRUGLQDWLRQRQVLWH

5HIHUHQFHVKRXOGDOVREHPDGHWRVLWHVHFXULW\ZKLFKLVGLVFXVVHGLQ
VHFWLRQ  DQG WR ZHDWKHU ZRUNLQJ OLPLWV GLVFXVVHG LQ VHFWLRQ


'HYHORSHUVZLOODOVRQHHGWRWDNHQRWHRIWKH'RFNV5HJXODWLRQV6,
 QR  DQG VXEVHTXHQW DPHQGPHQWV IRU KHDOWKDQG VDIHW\
UHTXLUHPHQWVZLWKUHVSHFWWRDOOGRFNRSHUDWLRQVSDUWLFXODUO\ZKHUH
WKHGHYLFHLVLQWHQGHGWREHDFFHVVHGE\PHDQVRIDFRQILQHGVSDFH
HQWU\ ZKLOVW LQ SRUW 7KH\ ZLOO DOVR QHHG WR HQVXUH WKDW DOO YHVVHOV
HQJDJHG RQ WKH SURMHFW FRPSO\ ZLWK WKH UHTXLUHPHQWV RI WKH
,QWHUQDWLRQDO6KLSDQG3RUW6HFXULW\&RGH,636&



*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

'HYLFH$FFHVV (JUHVV

$FFHVV WR PRVW PDULQH HQHUJ\ FRQYHUWHUV RXW DW VHD LV D KLJK ULVN
DFWLYLW\ DQG VKRXOGQRW EH DWWHPSWHG LI RWKHU PHDQV RIFRPSOHWLQJ
WKHZRUNDUHSRVVLEOH

:KHQHVWDEOLVKLQJSURFHGXUHVIRUVDIHSHUVRQQHODFFHVVDQGHJUHVV
LWLVUHFRPPHQGHGWKDWFRQVLGHUDWLRQLVJLYHQWR

• PHWRFHDQ OLPLWV IRU VDIH DFFHVV LQFOXGLQJ DFFHVV GXULQJ WKH
KRXUVRIGDUNQHVVRULQSRRUYLVLELOLW\
• 33(UHTXLUHGGXULQJDFFHVV
• PD[LPXPORDGVIRUSHUVRQQHODFFHVVLQJGHYLFH
• SHUVRQQHOWUDLQLQJ
• FRQWLQJHQF\ DUUDQJHPHQWV IRU HPHUJHQF\ HJUHVV RU H[WUDFWLRQ
RIDFDVXDOW\LQFOXGLQJDUHKHDUVHGHPHUJHQF\UHVSRQVHSODQ

3HUVRQQHO WUDQVIHUV RIIVKRUH VKRXOG DOZD\V EH OLPLWHG WR WKRVH
GHHPHGDEVROXWHO\QHFHVVDU\,WLVLPSHUDWLYHWKDWVDIHV\VWHPVRI
ZRUN RU PHWKRG VWDWHPHQWV IRU DFFHVV DQG HJUHVV DUH IXOO\
GHYHORSHG DQG VXEMHFW WR ULJRURXV ULVN DVVHVVPHQW SULRU WR
LPSOHPHQWDWLRQ

:RUNLQJDWKHLJKW

$OO ZRUN DW KHLJKW ZKHUH WKHUH LV D ULVN RI D IDOO OLDEOH WR FDXVH
SHUVRQDOLQMXU\VKDOOEHFDUULHGRXWLQDFFRUGDQFHZLWK7KH:RUNDW
+HLJKW5HJXODWLRQV7KHUHJXODWLRQVVHWRXWDVLPSOHKLHUDUFK\
IRUPDQDJLQJZRUNDWKHLJKWGXW\KROGHUVVKRXOGILUVW

• DYRLGZRUNDWKHLJKWZKHUHWKH\FDQ
• XVH ZRUN HTXLSPHQW RU RWKHU PHDVXUHV WR SUHYHQW IDOOV ZKHUH
WKH\FDQQRWDYRLGZRUNLQJDWKHLJKW
• ZKHUH WKH\ FDQQRW HOLPLQDWH WKH ULVN RI D IDOO XVH ZRUN
HTXLSPHQW RU RWKHU PHDVXUHV WR PLQLPLVH WKH GLVWDQFH DQG
FRQVHTXHQFHVRIDIDOOVKRXOGRQHRFFXU

,I ZRUN DW KHLJKW LV WR EH FDUULHG RXW WKH IROORZLQJ VKDOO EH
UHTXLUHPHQWVVKRXOGEHPHW
• DOOZRUNDWKHLJKWLVSURSHUO\SODQQHGDQGRUJDQLVHG
• WKRVHLQYROYHGLQZRUNDWKHLJKWDUHFRPSHWHQW
• WKHULVNVIURPZRUNDWKHLJKWDUHDVVHVVHGDQGDSSURSULDWHZRUN
HTXLSPHQWLVVHOHFWHGDQGXVHG
• WKHULVNVIURPIUDJLOHVXUIDFHVDUHSURSHUO\FRQWUROOHG
• HTXLSPHQW IRU ZRUN DW KHLJKW LV SURSHUO\ LQVSHFWHG DQG
PDLQWDLQHG



*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

(QFORVHG6SDFHV

$OO ZRUN FRQGXFWHG LQ FRQILQHG VSDFHV VKDOO EH FDUULHG RXW LQ
DFFRUGDQFH ZLWK WKH &RQILQHG 6SDFHV 5HJXODWLRQV 6,  1R
ZLWKIXUWKHUJXLGDQFHJLYHQLQ6DIH:RUNLQ&RQILQHG6SDFHV
$&23  ,W VKRXOG EH QRWHG WKDW WKHVH UHJXODWLRQV DUH ZULWWHQ ZLWK
RQVKRUH DFFHVV LQ PLQG 5LVN DVVHVVPHQWV VKRXOG WKHUHIRUH
KLJKOLJKW WKH LQFUHDVHG ULVNV RIIVKRUH LQFOXGLQJ DFFHVV DQG HJUHVV
IURPWKHFRQILQHGVSDFHDQGWKHHIIHFWRIWKHPRWLRQ

,IZRUNLVWREHFDUULHGRXWLQDFRQILQHGVSDFHRULIWKHUHLVDULVN
WKDW LQ WKH HYHQW RI DQ DFFLGHQW HPHUJHQF\ DFFHVV WR D FRQILQHG
VSDFHPD\EHUHTXLUHGWKHQLWLVUHFRPPHQGHGWKDWSURFHGXUHVDUH
HVWDEOLVKHGSULRUWRWKHFRPPHQFHPHQWRIZRUNVWRLQFOXGH

• SHUVRQQHOWUDLQLQJ
• UHVFXHSHUVRQQHOWUDLQLQJ
• HTXLSPHQW

/LIWLQJ

$OOOLIWLQJHTXLSPHQWVKRXOGEHFHUWLILHGPDLQWDLQHGDQGRSHUDWHGLQ
DFFRUGDQFH ZLWK WKH UHTXLUHPHQWV RI WKH /2/(5 DQG 38:(5
UHJXODWLRQV ,W LV UHFRPPHQGHG WKDW D OLIWLQJ SODQ LV GHYHORSHG
EHIRUH HDFK OLIW RU VHW RI OLIWV .H\ SUHFDXWLRQV WKDW VKRXOG EH
KLJKOLJKWHGZLWKLQWKHOLIWLQJSODQLQFOXGH

•DVVHVVPHQWRIFRPSHWHQF\ DQILWQHVV RI SHUVRQQHO FDUU\LQJ RXW
OLIWV
• DVVHVVPHQWRIHTXLSPHQWVXLWDELOLW\DQGFHUWLILFDWLRQ
• PHWKRGVWDWHPHQWVDQGULVNDVVHVVPHQWV
• DVVHVVPHQW RI HQYLURQPHQWDO IDFWRUV LQFOXGLQJ FRQGLWLRQ RI
WHUUDLQZHDWKHU
• FRQWLQJHQF\SODQQLQJ
• HPHUJHQF\3ODQQLQJ

(OHFWULFDO6DIHW\

,W LV YLWDO WKDW YHU\ FOHDU SURFHGXUHV DUH GUDZQ XS ZLWK UHVSHFW WR
WKHKDQGOLQJDQGLVRODWLRQRIHOHFWULFDOHTXLSPHQW

$Q\HOHFWULFDOLQVWDOODWLRQPXVWEHPDGHE\DQDXWKRULVHGHOHFWULFLDQ
DQG DOO LQVWDOOHG HOHFWULFDO HTXLSPHQW PXVW FRPSO\ ZLWK DQG EH
PDLQWDLQHG WR WKH VWDQGDUG RI WKH ,QVWLWXWH RI (OHFWULFDO (QJLQHHUV
,((UHTXLUHPHQWVIRUHOHFWULFDOLQVWDOODWLRQV



*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

3UDFWLFDO PHDVXUHV WKDW VKRXOG EH FRQVLGHUHG WR LPSURYH HOHFWULFDO

VDIHW\RQWKHVLWHLQFOXGH

• HOHFWULFDOVDIHW\WUDLQLQJ
• DXWKRULVHGSHUVRQV
• LVRODWLRQ
• VLJQDJHDQGUHVWULFWHGDUHDV
• ILUVWDLGWUDLQLQJ
• XVHRIKDQGWRROV
• ILUHDQGH[SORVLRQULVNV

$QG DOVR UHIHU WR WKH (OHFWULFLW\ DW :RUN 5HJXODWLRQV 6, 1R


0DQXDO+DQGOLQJ

$OO PDQXDO KDQGOLQJ RSHUDWLRQV ZLWK WKH H[FHSWLRQ RIWKRVH RI WKH
PDVWHU RI FUHZ RI D VKLS LQ UHVSHFW RI WKHLU QRUPDO VKLS ERDUG
DFWLYLWLHV PXVW FRPSO\ ZLWK WKH 0DQXDO +DQGOLQJ 2SHUDWLRQV
5HJXODWLRQV  7KHVH UHJXODWLRQVSODFH D GXW\ RQ WKH HPSOR\HU
WRDYRLGZKHUHYHUSRVVLEOHWKHUHTXLUHPHQWIRUKD]DUGRXVPDQXDO
KDQGOLQJ RSHUDWLRQV DQG ZKHUH PDQXDO KDQGOLQJ LV UHTXLUHG WR
DVVHVV WKH RSHUDWLRQ WDNH VWHSV WR UHGXFH ULVN RI LQMXU\ DQG WR
VXSSO\ WKH HPSOR\HH ZLWK DSSURSULDWH LQIRUPDWLRQ DERXW WKH
RSHUDWLRQLQFOXGLQJ

• FXUUHQW JXLGDQFH RQ PDQXDO KDQGOLQJ RSHUDWLRQV LQ WKH
FRQVWUXFWLRQLQGXVWU\
• PDQXDOKDQGOLQJDVVHVVPHQWWHFKQLTXHV
• SUHYHQWLRQDQGPDQDJHPHQWRI06'V
• PDQXDO+DQGOLQJ7UDLQLQJ&RXUVHV

3HUVRQDO3URWHFWLYH(TXLSPHQW33(

6HOHFWLRQ RI WKH DSSURSULDWH 33( VKRXOG EH GHWHUPLQHG E\ ULVN
DVVHVVPHQW IRU HDFK DFWLYLW\ 5HTXLUHPHQWV DQG VWDQGDUGV IRU 33(
IRU RQVKRUH DQG RIIVKRUH DFWLYLWLHV LQFOXGH WKH XVH DQG
PDLQWHQDQFH RI RIIVKRUH VDIHW\ HTXLSPHQW VXFK DV OLIHMDFNHWV
KDUQHVVHV LPPHUVLRQ VXLWV 3/%V DQG IDOO DUUHVW V\VWHPV ,W LV
LPSHUDWLYH WKDW  SHUVRQQHO KDYH DSSURSULDWH WUDLQLQJ LQ WKH XVH RI
WKH HTXLSPHQW SURYLGHG DQG UHIHUHQFH VKDOO EH PDGH WR WKH
3HUVRQDO 3URWHFWLYH (TXLSPHQW DW :RUN 33( 5HJXODWLRQV 6, 
1R

 3HUVRQQHO7UDFNLQJ

3HUVRQQHOWUDFNLQJV\VWHPVVKRXOGEHLPSOHPHQWHGIRURQVKRUHDQG
RIIVKRUH  VLWHV DQG UHFRUGV NHSW LQ D PDQQHU ZKLFK DVVLVWV
LPPHGLDWHDFFHVVWKHGDWDLQWKHHYHQWRIDQHPHUJHQF\UHTXLULQJ
UDSLG DFFRXQWLQJ RI SHUVRQQHO &RQVLGHUDWLRQ VKRXOG EH JLYHQ WR
SHUVRQQHO WUDFNLQJ GHYLFHV IRU DOO SHUVRQQHO ZRUNLQJ RYHU ZDWHU WR
DLGORFDWLRQLQWKHHYHQWRIDQ02%


 6OLSVWULSVDQGIDOOV

• PDQDJHPHQWRIWKHRYHUDOORUGHUDQGFOHDQOLQHVVRIWKHVLWH
• XVHRIDSSURSULDWHQRQVOLSPDWHULDOVIRRWZHDUDQGKDQGUDLOV


*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

• ZRUNLQJDUHDVFOHDURIREVWDFOHVDQGZDVWH
 6DIHW\6LJQV

6LJQDJHVKRXOGPHHWWKHPLQLPXPUHTXLUHPHQWVRIWKH+HDOWKDQG6DIHW\
6DIHW\6LJQVDQG6LJQDOV5HJXODWLRQV

7KHVH UHJXODWLRQV UHTXLUH WKH HPSOR\HU WR SURYLGH VSHFLILF VDIHW\ VLJQV
ZKHQHYHUWKHUH LV DULVN WKDW KDV QRWEHHQ DYRLGHG RU FRQWUROOHG E\ RWKHU
PHDQV

 &KHPLFDOVDQG6XEVWDQFHV

&26++ DVVHVVPHQWV DUH D UHTXLUHPHQW RI WKH &RQWURO RI 6XEVWDQFHV
+D]DUGRXVWR+HDOWK5HJXODWLRQVDQGUHTXLUHGIRUDOOVXEVWDQFHVDQG
PDWHULDOV XVHG GXULQJ LQVWDOODWLRQ DQG FRPPLVVLRQLQJ ZKLFK PD\ SUHVHQW
KHDOWKDQGVDIHW\KD]DUGV)XUWKHULWLVUHFRPPHQGHGWKDW
• DUHJLVWHURIDOOKD]DUGRXVVXEVWDQFHVEURXJKWRQWRVLWHLVPDLQWDLQHG
DFFRPSDQLHGE\WKH06'6DQG&26++ULVNDVVHVVPHQW
• 6SHFLILFDWLRQ RI ILUVW DLG IDFLOLWLHVVKRXOG WDNHQ LQWRDFFRXQW WKH QDWXUH
RIDQ\VXEVWDQFHVXVHG

7KHUHDUHERWKOHJLVODWLYHUHTXLUHPHQWVDQGJRRGLQGXVWU\SUDFWLFHIRUWKH
VWRUDJH RI KD]DUGRXV VXEVWDQFHV (PHUJHQF\ SURFHGXUHV VKRXOG DGGUHVV
VSLOODJHDQGDQ\RWKHUHPHUJHQF\SUHVHQWHGIURPVXFKVWRUDJH

)LQDOO\WKHRSHUDWRUZLOOQHHGWRFRQVLGHUWKHVWRUDJHKDQGOLQJDQGXVHRI
DQ\H[SORVLYHR[LGLVLQJRUIODPPDEOHVXEVWDQFHVLQFRQIRUPDQFHZLWKWKH
'DQJHURXV6XEVWDQFHVDQG([SORVLYH$WPRVSKHUHV5HJXODWLRQV

6HFXULW\

6LWHVHFXULW\DUUDQJHPHQWVERWKRQVKRUHDQGRIIVKRUHSOD\DQLPSRUWDQW
UROHLQSUHYHQWLQJDFFHVVE\XQDXWKRULVHGSHUVRQVZKRFRXOGFDXVHKDUP
WRWKHPVHOYHVRUWRSURMHFWSHUVRQQHORUHTXLSPHQW

2FFXSDWLRQDO+HDOWK

2FFXSDWLRQDO KHDOWK ULVNV DQG UHTXLUHPHQWV VKDOO GHSHQG RQ WKH ZRUN
XQGHUWDNHQ ERWK VKDOO EH GHILQHG GXULQJ ULVN DVVHVVPHQW VSHFLILF WR WKH
RSHUDWLRQ LQYROYHG 2UJDQLVDWLRQV VKRXOG HQVXUH WKH\ KDYH DSSURSULDWH
SURFHGXUHVHVWDEOLVKHGWKDWGHILQH

• DQ\UHTXLUHPHQWVIRUDSUHHPSOR\PHQWPHGLFDO
• DQ\OHJDOUHTXLUHPHQWVIRUKHDOWKVXUYHLOODQFH
• DQ\ ORFDO PLQLPXP VWDQGDUGV HJ ILWQHVV H\HVLJKW KHDULQJ FRORXU
EOLQGQHVV
• SURSHUDUUDQJHPHQWVIRUKHDOWKUHFRUGVHJFRQILGHQWLDOLW\
• DSSURSULDWHPHGLFDOVIRUSHUVRQQHOZRUNLQJRIIVKRUH



*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

0HGLFDO)DFLOLWLHVDQG)LUVWDLG

$ULVNDVVHVVPHQWZLOOGHWHUPLQHWKHDSSURSULDWHOHYHORIPHGLFDOWUHDWPHQW
IDFLOLWLHVIRUHDFKVLWHGHILQHGDV

• PHGLFDOWUHDWPHQWURRPRUVSDFH
• PHGLFLQHVDQGWUHDWPHQWFRQVXPDEOHV
• PHGLFDOWUHDWPHQWHTXLSPHQW
• SHUVRQVZLWKPHGLFDOWUDLQLQJ

7KHUHTXLUHPHQWVRIWKH+HDOWKDQG6DIHW\)LUVW$LG5HJXODWLRQVZLOO
DVVLVWLQGHILQLQJWKHDSSURSULDWHDUUDQJHPHQWVIRUWKHVLWH

(PHUJHQF\5HVSRQVH3ODQQLQJ

7KHVLWHRSHUDWRUVKRXOGFRQVLGHUHPHUJHQF\UHVSRQVHSODQQLQJDWDQHDUO\
VWDJH  'XH WR WKH QDWXUH RI WKH VHD FRQGLWLRQV VRXJKW IRU SRZHU
JHQHUDWLRQ WKH ORFDWLRQ RI WKH GHYLFH DUUD\V PD\ ZHOO EH VLWHG LQ UHPRWH
ORFDWLRQVZLWKOLWWOHµEDFNXS¶FRYHUDYDLODEOHIURPHPHUJHQF\VHUYLFHV

$ VLWH (PHUJHQF\ 5HVSRQVH 3ODQ 3URMHFW (53 VKRXOG EH LQ SODFH GXULQJ
WKH 2SHUDWLRQV DQG 0DLQWHQDQFH SKDVH ZLWK DSSURSULDWH DGGLWLRQV RU
DGMXVWPHQWV IRU VSHFLILF RU µRQH RII¶ PDLQWHQDQFH RSHUDWLRQV :KHUH
VXEFRQWUDFWRUV DUH LQYROYHG LQ PDLQWHQDQFH RSHUDWLRQV WKH SODQ VKRXOG
GHWDLO µEULGJLQJ¶ DUUDQJHPHQWV EHWZHHQ WKH (PHUJHQF\ 5HVSRQVH 3ODQV RI
LQGLYLGXDOFRQWUDFWRUVDQGSDUWLFXODUO\LQGLYLGXDOYHVVHOVHQJDJHG$VVWDWHG
LQ 6HFWLRQ   RSHUDWRUV DQG GHYHORSHUV DUH UHTXLUHG WR XVH WKH 0&$¶V
µ(PHUJHQF\ 5HVSRQVH &RRSHUDWLRQ 3ODQ (5&R3¶ LQ IRUPXODWLQJ WKHLU
HPHUJHQF\ UHVSRQVH SODQV DQG VLWH 6DIHW\ 0DQDJHPHQW 6\VWHPV 7KHVH
SODQVZLOOQHHGWREHGLVFXVVHGZLWKWKH0&$DQGWKHUHOHYDQW05&&

:KHQ GHYHORSLQJ WKH (53 FRQVLGHUDWLRQ RI WKH UHPRWHQHVV RI WKH VLWH
ORFDWLRQ DQG WKH H[WUHPH ORFDO FRQGLWLRQV GLFWDWHG E\ WKH QDWXUH RI WKH
GHYLFHZDYHRUWLGDOHQHUJ\DQGWKHUHVSRQVHWLPHVRIHPHUJHQF\VHUYLFHV
ZLOO LQGLFDWH D QHHG IRU VHOI VXIILFLHQF\ SDUWLFXODUO\ LQ WKH HDUO\ VWDJHV RI
DQ\HPHUJHQF\


 *XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

(PHUJHQF\UHVSRQVH3ODQVVKRXOGLQFOXGH

• HPHUJHQF\FRQWDFWGHWDLOVIRUDOOLQWHUQDODQGH[WHUQDOSDUWLHVLQYROYHG
LQWKHZRUNV
• YHVVHOFRQWDFWGHWDLOV
• WKLUGSDUW\HPHUJHQF\VHUYLFHFRQWDFWGHWDLOV
• HPHUJHQF\&RPPXQLFDWLRQVSURFHGXUHV
• HPHUJHQF\ UHVSRQVH LQLWLDO DFWLRQV IORZFKDUW IRU HPHUJHQFLHV WKDW
FRXOGEHDQWLFLSDWHGLQFOXGLQJ
o PDQRYHUERDUG
o HQFORVHG6SDFHHPHUJHQFLHVDQGHYDFXDWLRQSURFHGXUHV
o HPHUJHQF\VKXWGRZQRIHQHUJLVHGHTXLSPHQW
o IDLOHGOLIWLQJRSHUDWLRQV
o ILUH
o VLFNQHVV
o LQMXU\
o YHVVHOFROOLVLRQJURXQGLQJSXQFKWKURXJK
o YHVVHOVQRWXQGHUFRPPDQG
o SROOXWLRQ
o VHFXULW\
o H[WUHPHZHDWKHU
o GLYLQJHPHUJHQFLHVLIDSSOLFDEOH
• VWDWXWRU\UHSRUWLQJUHTXLUHPHQWV
• WUDLQLQJDQGGULOOVUHTXLUHPHQWV

,WLVUHFRPPHQGHGWKDWH[HUFLVHVDUHUHJXODUO\XQGHUWDNHQWRYDOLGDWHWKH
(53 DQG WR HQVXUH WKDW RSHUDWLRQV VWDII DUH IDPLOLDU ZLWK LW ,W LV
SDUWLFXODUO\ LPSRUWDQW WR HQJDJH ORFDO HPHUJHQF\ VHUYLFHV LQFOXGLQJ
PHGLFDO IDFLOLWLHV LQ XQGHUVWDQGLQJ WKH SRWHQWLDO QHHGV RI WKH SURMHFW DQG
WKHHQYLURQPHQWDOFRQGLWLRQVXQGHUZKLFKWKH\PD\EHDVNHGWRDVVLVW

5HSRUWLQJDQG,QYHVWLJDWLRQRI$FFLGHQWVDQG,QFLGHQWV

6WDWXWRU\ UHTXLUHPHQWV IRU WKH UHSRUWLQJ RI DFFLGHQWV DQG GDQJHURXV
RFFXUUHQFHVXQGHU5,''25DUHODLGGRZQLQVFKHGXOHVFRQWDLQHGZLWKLQWKH
UHJXODWLRQV DQG GRFXPHQW ³*XLGH WR WKH 5HSRUWLQJ RI ,QMXULHV 'LVHDVHV
DQG'DQJHURXV2FFXUUHQFHV5HJXODWLRQV´/,6%1


,WLVUHFRPPHQGHGWKDWDSURFHGXUHLVHVWDEOLVKHGIRUWKHUHSRUWLQJRIDQ\
LQFLGHQWVDFFLGHQWVDQGQHDUPLVVHVIRUWKHSURMHFWDQGWKDWDOORSHUDWLRQV
VWDII DQG FRQWUDFWRUV DUH UHTXLUHG WR SDUWLFLSDWH LQ WKH UHSRUWLQJ 3URSHU
LQYHVWLJDWLRQ RI LQGLYLGXDO HYHQWV KDV EHHQ SURYHQ WR GHOLYHU VDIHW\
LPSURYHPHQWV ZKLOVW WUHQG DQDO\VLV FDQ OHDG WR WKH LGHQWLILFDWLRQ RI URRW
FDXVHVZKLFKFDQDJDLQGHOLYHUVLJQLILFDQWLPSURYHPHQWVLQSURMHFWVDIHW\

$OODFFLGHQWVLQFLGHQWVDQGQHDUPLVVHVPXVWEHLQYHVWLJDWHG
,Q JHQHUDO WKRVH ZKLFK KDYH D KLJK DFWXDO RU SRWHQWLDO VHYHULW\ VKRXOG
KDYH D JUHDWHU LQGHSWK LQYHVWLJDWLRQ WKDQ WKRVH ZKLFK GLG QRW 7KH
SRWHQWLDOWKDWDQDFFLGHQWRULQFLGHQWKDGWRKDUPRUGDPDJHLVWKHIDFWRU
WR EH XVHG WR GHWHUPLQH D VXLWDEOH OHYHO RI LQYHVWLJDWLRQ DQG XVH RI
UHVRXUFHV


*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

6DIHW\(TXLSPHQW

7KH DSSURSULDWH OHYHO RI VDIHW\ HTXLSPHQW UHTXLUHG ZLOO EH GHWHUPLQHG E\
ULVN DVVHVVPHQW RI WKH RSHUDWLQJ FKDUDFWHULVWLFV RI HDFK GHYLFH XVLQJ
OHJLVODWLRQ DQG (XURSHDQ DQG 8. VWDQGDUGV IRU HTXLSPHQW VSHFLILFDWLRQV
VXFKDV62/$66DIHW\HTXLSPHQWWKDWVKRXOGEHFRQVLGHUHGLQFOXGHV

• ILUHILJKWLQJHTXLSPHQW
o ILUHGHWHFWLRQ
o ILUHVXSSUHVVLRQ
• OLIHVDYLQJDSSOLDQFHV
o SHUVRQDOVXUYLYDODLGV
o LQVWDOODWLRQVXUYLYDODLGV
o HPHUJHQF\/RFDWLQJHTXLSPHQW
• PHGLFDOWUHDWPHQWHTXLSPHQW
o PHGLFDOIDFLOLWLHV
o PHGLFDOHTXLSPHQW
o PHGLFLQHV
• ZRUNVLWHVDIHW\HTXLSPHQW
o IDOODUUHVWHTXLSPHQW
o VWDQGDUG33(
o VSHFLDOWDVN33(
• HPHUJHQF\FRPPXQLFDWLRQV



*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

$33(1',;0DULQHDQG1DYLJDWLRQDO3ODQQLQJ

$ *HQHUDO

7KH IROORZLQJ VHFWLRQ DSSOLHV WR WKH ZD\ LQ ZKLFK D SDVVDJH LV LQLWLDOO\ SODQQHG
IRUPXODWHGDQGWKHQXQGHUWDNHQ
:KHQ FRQVLGHULQJ D SDVVDJH RU WRZ DOO WKH UHOHYDQW LQIRUPDWLRQ VKRXOG EH
FKDQQHOOHG LQWR D FRQFLVH SODQ ZKLFK FDQ EH SURPXOJDWHG DQG DJUHHG E\ DOO
SDUWLHV

:KLOVWXQGHUWDNLQJWKHSDVVDJHWKHSODQVKDOOEHIROORZHGDQGPRQLWRUHGVKRXOG
DGHYLDWLRQRISODQEHUHTXLUHGDIXOODVVHVVPHQWVKDOOEHXQGHUWDNHQDQGLQDQ\
FDVH DQ\ DFWLRQ VKDOO KDYH GXH UHJDUG WR JRRG VHDPDQVKLS DQG WKH SUHYDLOLQJ
FLUFXPVWDQFHVDQGFRQGLWLRQV

7KLV SODQ VKRXOG LQFOXGH ZHDWKHU OLPLWV WKDW VKDOO QRW EH H[FHHGHG GXULQJ WKH
SDVVDJHZLWKWKHVHOLPLWVEHLQJXVHGWRLQIOXHQFHKHDOWKDQGVDIHW\GHFLVLRQV

$SSURSULDWHORFDOQRWLFHWRPDULQHUVVKRXOGEHLVVXHGZKHQDSSURSULDWHZLWKWKH
QRWLILFDWLRQRIORFDOKDUERXUVDQGRWKHUPDULQHXVHUV

7KLVSODQVKDOOLQFOXGHHQYLURQPHQWDOOLPLWVWKDWVKDOOQRWEHH[FHHGHGGXULQJWKH
SDVVDJH
7KHH[HFXWLRQVWDJHRIWKHSODQWDNHVLQWRDFFRXQWWKHFRQGLWLRQVH[SHFWHGGXULQJ
WKH WUDQVLW DQG SUHGHSDUWXUH ZHDWKHU IRUHFDVWV VKRXOG JLYH DQ H[DFW ZHDWKHU
ZLQGRZDQGWUDQVLWWLPHDYDLODEOH

7R HQVXUHDGXHUHJDUGWRWKHKHDOWKDQGVDIHW\RIWKHYHVVHODQG KHUFUHZLWLV
LPSHUDWLYHWKDWFRQWLQJHQFLHVDUHEXLOWLQWRWKHSODQ7KHVHVKDOOWDNHLQWRDFFRXQW
DOO SRVVLEOH µZRUVW FDVH VFHQDULRV¶ DQG KLJKOLJKW SRUWV RI UHIXJH DQG DOO SRVVLEOH
DUHDVRIVKHOWHU

'XULQJ WKH SDVVDJH WKH VDIH QDYLJDWLRQ RI WKH YHVVHO LV WKH UHVSRQVLELOLW\ RI WKH
0DVWHUDQGKLVKHUFUHZ1DYLJDWLRQDOJXLGDQFHLVJLYHQLQWKHIROORZLQJ0&$0
1RWLFHVDQG5HJXODWLRQV

• 0*10 .HHSLQJ D VDIH QDYLJDWLRQDO ZDWFK RQ PHUFKDQW
YHVVHOV
• 0*10) /RRNRXW GXULQJ SHULRGV RI GDUNQHVV DQG UHVWULFWHG
YLVLELOLW\
• 0*10) 1DYLJDWLRQLQ)RJ
• 0*1;;;0) *XLGDQFH WR PDULQHUV RSHUDWLQJ LQ WKH YLFLQLW\ RI
RIIVKRUHUHQHZDEOHHQHUJ\LQVWDOODWLRQV
• 0*10) 2IIVKRUH 5HQHZDEOH (QHUJ\ ,QVWDOODWLRQV 25(,V 
*XLGDQFH RQ 8. 1DYLJDWLRQDO 3UDFWLFH 6DIHW\ DQG
(PHUJHQF\5HVSRQVH,VVXHV
• 0610 +RXUV RI :RUN 6DIH 0DQQLQJ DQG :DWFK NHHSLQJ
5HYLVHG3URYLVLRQVIURP6HSWHPEHU
• &RQYHQWLRQ RQ WKH ,QWHUQDWLRQDO 5HJXODWLRQV IRU 3UHYHQWLQJ &ROOLVLRQV DW
VHD&RQVROLGDWHG(GLWLRQ

% 3DVVDJH3ODQQLQJ

3ODQQLQJRIWKHSDVVDJHVKDOOEHFDUULHGRXWLQDFFRUGDQFHZLWKWKHUHTXLUHPHQWV
RI 62/$6 &KDSWHU 9 $QQH[  µ9R\DJH 3ODQQLQJ¶ DQG VKDOO EH YHULILHG E\ WKH
9HVVHO¶V0DVWHUSULRUWRLVVXH


*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

7KHILQDOLVHGSODQVKDOOWDNHLQWRDFFRXQWIDFWRUVVXFKDV

• WKHYHVVHO¶VFDSDELOLW\
• DQ\OLPLWDWLRQVRQWKHWRZRUWRZLQJHTXLSPHQW
• WKHGHWDLOHGURXWHIURPEHUWKWREHUWKRUVLWH
• ZHDWKHUIRUHFDVWV
• IXHOZDWHUFRQVXPSWLRQDQGUHVHUYHV
• SRUWVRIUHIXJH
• GHSDUWXUH DQG DUULYDO SRUW GHWDLOV LQFOXGLQJ FRPPXQLFDWLRQ DQG SLORWDJH
IDFLOLWLHV
• DUHDVRIWUDIILFGHQVLW\DQGDEQRUPDOFXUUHQWVGHSWKV

& :HDWKHUURXWLQJDQGIRUHFDVWLQJ

:KHQDSSURSULDWHDZHDWKHUIRUHFDVWLQJVHUYLFHPD\EHHPSOR\HGWRDVVLVWLQWKH
SODQQLQJDQGH[HFXWLRQRIWKHYR\DJHRUWRZ,QDQ\HYHQWHYHU\HIIRUWVKRXOGEH
PDGH E\ WKH PDVWHU WR REWDLQ UHJXODU DQG VXLWDEOH ZHDWKHU IRUHFDVWV IURP D
UHSXWDEOHVRXUFHGXULQJWKHYR\DJH

:HDWKHU IRUHFDVWV IRU WKH SDVVDJH VKRXOG FRPPHQFH ZHOO LQ DGYDQFH RI WKH
DQWLFLSDWHG GHSDUWXUH WLPH DQG VKRXOG FRQWLQXH WKURXJKRXW WKH GXUDWLRQ RI WKH
YR\DJH

:KHQHYHU SRVVLEOH PRUH WKDQ RQH IRUHFDVW VKRXOG EH REWDLQHG IURP D UHSXWDEOH
VRXUFH

)RUDOOSDVVDJHVWKHZHDWKHUFRQGLWLRQVIRUWKHGHSDUWXUHIURPWKHVDLODZD\SRUW
RUDQ\LQWHUPHGLDWHSRUWRUVKHOWHUVKDOOWDNHLQWRDFFRXQW

• FDSDELOLWLHVRIWKHYHVVHODQGRUWRZ
• IRUHFDVWZLQGVSHHGDQGGLUHFWLRQ
• VLJQLILFDQWDQGPD[LPXPZDYHKHLJKW
• VZHOOGLUHFWLRQDQGKHLJKW
• YLVLELOLW\

' 'HSDUWXUH

3ULRUWRGHSDUWXUHDGHSDUWXUHFRQGLWLRQUHSRUWIRUWKHWRZVKRXOGEHSURYLGHGE\
WKHGHYHORSHURZQHUIRUWKHYHVVHOPDVWHUDQGDPDULQHZDUUDQW\VXUYH\RUPD\
EHLQYLWHGWRPDNHDQDVVHVVPHQW

7KHGHSDUWXUHFRQGLWLRQUHSRUWVKRXOGFRQWDLQDVDPLQLPXP

• DJHQHUDODUUDQJHPHQWRIWKHVWUXFWXUHVKRZLQJ
o 7RZDJHSRLQWV
o 6WURQJSRLQWV
o :HDNSRLQW
• FRSLHVRIUHOHYDQWFRQVWUXFWLRQFHUWLILFDWHV
• WDEXODWLRQDQGGLVWULEXWLRQRIEDOODVW
• VWDELOLW\ERRNOHWLQIRUPDWLRQ
• GUDJFDOFXODWLRQV
• FDOFXODWHGGLVSODFHPHQWDQGGUDXJKW
• DFWXDOGLVSODFHPHQWDQGGUDXJKW
• D VWDWHPHQW WKDW ORQJLWXGLQDO EHQGLQJ DQG VKHDU IRUFH DUH ZLWKLQ DFFHSWDEOH
OLPLWV
• WRZDJHPDQXDOIRUWKHLQWHQGHGRSHUDWLRQ
• LQVWDOODWLRQPDQXDOLIDSSOLFDEOH
• VLWHPDQXDOGHWDLOLQJWKHDUUD\ORFDWLRQDQGHQYLURQPHQWDOGHWDLOV

*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

( 3RUWVRI6KHOWHUVKHOWHUDUHDVKROGLQJDUHDV

:LWK GXH UHJDUG WR WKH KHDOWK DQG VDIHW\ RI WKH 9HVVHO¶V 0DVWHU DQG FUHZ WKH
SDVVDJH 3ODQ ZLOO LGHQWLI\ SRUWV RI VKHOWHU DQG UHIXJH DW YDULRXV VWDJHV RI WKH
SDVVDJH7KHEDVLVIRUWKHVHSRUWVZLOOEHWKHSUHYDLOLQJZLQGVLQWKRVHDUHDVDQG
WKHIRUHFDVWVUHFHLYHGSUHGHSDUWXUH

) 3LORWDJH

+DUERXU3LORWVKDYHDORFDONQRZOHGJHRIUHJXODWLRQVZHDWKHUDQGWLGDOFRQGLWLRQV
DQGDJRRGVKLSKDQGOLQJDELOLW\

8QOHVVWKH9HVVHO¶VPDVWHUKDVSURYHGKLVIDPLOLDULW\WRWKH+DUERXU0DVWHUDQGLV
LQSRVVHVVLRQ RI DQ([HPSWLRQ &HUWLILFDWH KH ZLOO UHTXLUHD 3LORW ZKHQ ZLWKLQ DQ\
3RUWOLPLWVDQRWKHULPSRUWDQWSDUWRIWKH3DVVDJH3ODQLVWRKDYHGRFXPHQWHGWKH
3LORWDJHDUHDVDQGFRQWDFWGHWDLOVPDQ\3RUWVUHTXLUHRYHUKRXUVQRWLFHIRUD
3LORW

* /RJ

$%ULGJH'HFN/RJERRNVKRXOGEHNHSWE\WKH'HFN2IILFHUVWRUHFRUGWKHHYHQWV
ZHDWKHU  FRQVXPSWLRQV  GLVWDQFHV RI WKH IXOO  KRXU SHULRG ± WKLV VKRXOG EH
VLJQHGRIIE\WKH0DVWHUDWWKHHQGRIHYHU\GD\

$GGLWLRQDOO\ WR WKLV D %ULGJH 0RYHPHQW ERRN VKRXOGEH NHSW WRUHFRUG DOO HQWULHV
ZKHQDUULYLQJGHSDUWLQJSRUWDQGRUVLWH

+ 7RZDJH

$FRPSUHKHQVLYHµ7RZDJHPDQXDO¶VKRXOGEHZULWWHQWRLGHQWLI\DOODVSHFWVRIWKH
WRZLQGHWDLOFRYHULQJDOOOLNHO\FRQWLQJHQFLHVDQGVSHFLI\H[DFWO\KRZWKHWRZZLOO
EH FRQGXFWHG 7KH WRZLQJ RI XQXVXDO RU SURWRW\SH IORDWLQJ GHYLFHV PD\ SUHVHQW
SDUWLFXODU KD]DUGV DQG WKH WRZLQJ DQG UHVSRQVH FKDUDFWHULVWLFV VKRXOG EH IXOO\
DVVHVVHG

, 7XJVHOHFWLRQ

7KH WXJ VHOHFWHG VKRXOG FRPSO\ ZLWK WKH PLQLPXP EROODUG SXOO UHTXLUHPHQWV RI
WKH WRZ %ROODUG SXOO UHTXLUHPHQWV VKRXOG EH FDOFXODWHG XVLQJ DSSURSULDWH
PHWKRGV VXFK DV WKDW GHWDLOHG E\ 1REOH 'HQWRQ LQ UHSRUW 1R1', *HQHUDO
*XLGHOLQHV IRU 0DULQH 7UDQVSRUWDWLRQV  7XJ VHOHFWLRQ VKRXOG DOVR LQFOXGH
FRQVLGHUDWLRQ RI WKH PDQRHXYULQJ DQG KDQGOLQJ FKDUDFWHULVWLFV RI WKH YHVVHO RU
YHVVHOV ,I PRUH WKDQ RQH WXJ LV WR EH XVHG IRU H[DPSOH IRU SRVLWLRQLQJ RU
PRRULQJWKHHVWDEOLVKPHQWRIDFOHDUFRPPDQGVWUXFWXUHZLOOEHUHTXLUHG



*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

$33(1',;±.12:7+(/$:

,QWURGXFWLRQ
7KHIROORZLQJLQIRUPDWLRQLVDVXPPDU\RI8.KHDOWKDQGVDIHW\OHJLVODWLRQWKDWLV
UHOHYDQWWR PDULQH UHQHZDEOHVGHYHORSPHQWV,W LV QRW D OHJDO LQWHUSUHWDWLRQ DQG
GRHV QRW FRYHU HYHU\ GHWDLO ,W LV LQFXPEHQW RQ DOO SHUVRQV ZLWK OHJDO
UHVSRQVLELOLWLHV WR HQVXUH WKDW WKH\ DUH DZDUH DQG IXOO\ XQGHUVWDQG DOO FXUUHQW
OHJDOUHTXLUHPHQWV

7+(+($/7+$1'6$)(7<$7:25.(7&$&7
$OO HPSOR\HUVKDYHDJHQHUDOGXW\XQGHUWKH+HDOWKDQG6DIHW\DW :RUNHWF $FW
+$6$:$FWWRHQVXUHVRIDUDVLVUHDVRQDEO\SUDFWLFDEOHWKDWWKHKHDOWK
VDIHW\DQGZHOIDUHDWZRUNRIWKHLUHPSOR\HHVLVSURWHFWHG7KLVGXW\LQFOXGHV

• SURYLGLQJDQGPDLQWDLQLQJPDFKLQHU\HTXLSPHQWDSSOLDQFHVDQGV\VWHPVRI
ZRUNWKDWDUHVDIHDQGZLWKRXWULVNVWRKHDOWK
• HQVXULQJ WKDW DUWLFOHV DQG VXEVWDQFHV DUH XVHG KDQGOHG VWRUHG DQG
WUDQVSRUWHGVDIHO\DQGZLWKRXWULVNVWRKHDOWK
• SURYLGLQJWKHQHFHVVDU\LQIRUPDWLRQLQVWUXFWLRQWUDLQLQJDQGVXSHUYLVLRQWR
HQVXUHWKHKHDOWKDQGVDIHW\DWZRUNRIDOOHPSOR\HHV
• PDLQWDLQLQJDZRUNSODFHWKDWLVVDIHDQGZLWKRXWULVNVWRKHDOWK
• SURYLGLQJ DQG PDLQWDLQLQJ D ZRUNLQJ HQYLURQPHQW ZKLFK LV VDIH ZLWKRXW
ULVNV WR KHDOWK DQG ZKLFK KDV DGHTXDWH IDFLOLWLHV DQG DUUDQJHPHQWV IRU
HPSOR\HHV¶ZHOIDUHDWZRUN

8QGHUWKH+$6$:$FWHPSOR\HHVDOVRKDYHDOHJDOGXW\WRWDNHUHDVRQDEOHFDUH
RIWKHPVHOYHVDQGRWKHUVDQGWRFRRSHUDWHZLWKWKHLU HPSOR\HUVUHJDUGLQJWKHLU
OHJDO REOLJDWLRQV 7KH\ DUH DOVR UHTXLUHG WR HQVXUH WKDW WKHLU DFWLYLWLHV DUH QRW D
GDQJHUWRWKHPVHOYHVRURWKHUV

(PSOR\HUV ZLOO DOVR KDYH D UHVSRQVLELOLW\ IRU WKH KHDOWK DQG VDIHW\ RI YLVLWRUV
ZKHWKHUDXWKRULVHGRUQRWHJPHPEHUVRIWKHSXEOLFVHOIHPSOR\HGSHRSOHRU
FRQWUDFWRU¶V HPSOR\HHV ZRUNLQJ ZLWK WKHP ZKR PD\ EH DIIHFWHG E\ ZRUN
DFWLYLWLHV XQGHU WKH FRQWUDFWRU¶V FRQWURO 7KLV PD\ HQWDLO FRRSHUDWLQJ DQG
H[FKDQJLQJ LQIRUPDWLRQ ZLWK DOO WKRVH HPSOR\HUV ZRUNLQJ RQ WKH ZDYH DQG WLGDO
GHYLFHVDERXWHDFKRWKHUV¶XQGHUWDNLQJV

(PSOR\HUV ZLWK ILYH RU PRUH HPSOR\HHV DUH UHTXLUHG WR SUHSDUH D ZULWWHQ
VWDWHPHQW RI WKHLU JHQHUDO SROLF\ RUJDQLVDWLRQ DQG DUUDQJHPHQWV IRU WKH KHDOWK
DQG VDIHW\ DW ZRUN RI WKHLU HPSOR\HHV 7KH VWDWHPHQW DQG DQ\ UHYLVLRQ RI LW
VKRXOGEHEURXJKWWRWKHDWWHQWLRQRIDOOWKHHPSOR\HHV

2QHRIWKHPRVWLPSRUWDQWSDUWVRIWKHDFWLV6HFWLRQ±³'HVLJQRI$UWLFOHVDQG
6XEVWDQFHV´WKLVVHFWLRQUHTXLUHVSHUVRQVGHVLJQPDQXIDFWXUHLPSRUWRUVXSSO\
DUWLFOHVRUVXEVWDQFHVIRUXVHDWZRUNWR
• HQVXUHWKDWWKH\DUHVDIHDQGZLWKRXWULVNWRKHDOWKZKHQSURSHUO\XVHG
• FDUU\ RXW VXFK WHVWV RU H[DPLQDWLRQV DV PD\ EH QHFHVVDU\ WR HQVXUH WKDW
WKH\DUHVDIHDQGZLWKRXWULVNVWRKHDOWKZKHQSURSHUO\XVHG
• SURYLGHDQ\LQIRUPDWLRQQHFHVVDU\WRHQVXUHWKDWWKH\DUHVDIHDQGZLWKRXW
ULVNWRKHDOWKZKHQSURSHUO\XVHGDQG
• DQ\ SHUVRQ ZKRHUHFWVRU LQVWDOOV DQ\DUWLFOH IRUXVHDW ZRUN VKRXOG HQVXUH
WKDWVRIDUDVLVUHDVRQDEO\SUDFWLFDEOHQRWKLQJDERXWWKHZD\LQZKLFKWKH
DUWLFOH LV HUHFWHG RU LQVWDOOHG PDNHV LW XQVDIH RU D ULVN WR KHDOWK ZKHQ
SURSHUO\XVHG



*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

0$1$*(0(172)+($/7+$1'6$)(7<$7:25.5(*8/$7,2166,
1R
7KH 0DQDJHPHQW RI +HDOWK DQG 6DIHW\ DW :RUN 5HJXODWLRQV  DUH DLPHG
PDLQO\ DW LPSURYLQJ KHDOWK DQG VDIHW\ PDQDJHPHQW 7KHLU PDLQ SURYLVLRQV DUH
GHVLJQHG WR HQFRXUDJH D PRUH V\VWHPDWLF DSSURDFK WR GHDOLQJ ZLWK KHDOWK DQG
VDIHW\7KHUHJXODWLRQVUHTXLUHHPSOR\HUVDPRQJVWRWKHUGXWLHVWR
• DVVHVVWKHULVNVWRWKHKHDOWKDQGVDIHW\RIWKHLUHPSOR\HHVDQGRWKHUVZKR
PD\EHDIIHFWHGE\WKHLUZRUNDFWLYLW\
• PDNHDUUDQJHPHQWVIRUSXWWLQJLQWRSUDFWLFHWKHKHDOWKDQGVDIHW\PHDVXUHV
WKDWWKHULVNDVVHVVPHQWVKRZVWREHQHFHVVDU\7KHVHDUUDQJHPHQWVVKRXOG
FRYHUSODQQLQJRUJDQLVDWLRQFRQWUROPRQLWRULQJDQGUHYLHZ
• HQVXUHFRRSHUDWLRQRQKHDOWKDQGVDIHW\PHDVXUHVEHWZHHQFRQWUDFWRUVDQG
VXEFRQWUDFWRUV

6SHFLILF ULVN DVVHVVPHQWV DOUHDG\ FDUULHG RXW XQGHU RWKHU KHDOWK DQG VDIHW\
OHJLVODWLRQ HJ &26++ DQGWKH 0DQXDO +DQGOLQJ2SHUDWLRQV 5HJXODWLRQV GR QRW
QHHG WR EH UHSHDWHG RU VXSSOHPHQWHG WKH\ ZLOO IRUP SDUW RI WKH RYHUDOO ULVN
DVVHVVPHQW

7KHUHJXODWLRQVIXUWKHUH[SDQGWKHJHQHUDOGXWLHVXQGHUWKH+6:$FWE\UHTXLULQJ
HPSOR\HUV WR WDNH LQWR DFFRXQW WKHLU HPSOR\HHV¶ FDSDELOLWLHV DV UHJDUGV KHDOWK
DQGVDIHW\ZKHQJLYLQJWKHPWDVNVWRGRHJSUHYLRXVWUDLQLQJNQRZOHGJHDQG
H[SHULHQFH

)XUWKHU LQIRUPDWLRQ LV JLYHQ LQ WKH $SSURYHG &RGH RI 3UDFWLFH 0DQDJHPHQW RI
+HDOWKDQG6DIHW\DW:RUN/,6%1

&216758&7,21 '(6,*1 $1' 0$1$*(0(17 5(*8/$7,216 6, 
1R
7KHVH UHJXODWLRQV DSSO\ WR FRQVWUXFWLRQ SURMHFWV DQG HYHU\RQH DVVRFLDWHG ZLWK
WKHP FOLHQWV GHVLJQHUV SURIHVVLRQDOV FRQWUDFWRUV DQG VLWH ZRUNHUV 7KH
UHJXODWLRQV DUH DERXW WKH PDQDJHPHQW RI KHDOWK DQG VDIHW\ RQ FRQVWUXFWLRQ
SURMHFWV 7KH UHJXODWLRQV GR DSSO\ WR DOO SURMHFWV KRZHYHU WKH H[WHQW RI
DSSOLFDELOLW\DQGFRPSOLDQFHVKDOOEHGHWHUPLQHGE\ZKHWKHURUQRWWKHSURMHFWLV
DQRWLILDEOHSURMHFW

7KH UHJXODWLRQV SODFH GXWLHV RQ FOLHQWV &'0 &RRUGLQDWRUV GHVLJQHUV DQG
FRQWUDFWRUV WR SODQ FRRUGLQDWH DQG PDQDJH KHDOWK DQG VDIHW\ WKURXJKRXW DOO
VWDJHVRIDFRQVWUXFWLRQSURMHFW

$Q\RQH ZKR DSSRLQWV D GHVLJQHU RU FRQWUDFWRU KDV WR HQVXUH WKDW WKH\ DUH
FRPSHWHQW IRU WKH ZRUN DQG ZLOO DOORFDWH DGHTXDWH UHVRXUFHV IRU KHDOWK DQG
VDIHW\

7KH &'0UHJXODWLRQVDOVRLQFOXGHVSHFLILFFRQVWUXFWLRQUHTXLUHPHQWV ZLWKUHVSHFW
WRWKHKHDOWKVDIHW\DQGZHOIDUHRISHUVRQVFDUU\LQJ RXWµFRQVWUXFWLRQZRUN¶DQG
RWKHUVZKRPLJKWEHDIIHFWHGE\VXFKZRUN

7+( :25.3/$&( +($/7+ 6$)(7< $1' :(/)$5( 5(*8/$7,216 6,
1R
7KH:RUNSODFH+HDOWK6DIHW\DQG:HOIDUH5HJXODWLRQVDLPWRHQVXUHWKDW
ZRUNSODFHV PHHW WKH KHDOWK VDIHW\ DQG ZHOIDUH QHHGV RI HDFK PHPEHU RI WKH
ZRUNIRUFH7KHVHUHJXODWLRQVJLYHPRUHGHWDLOWRWKHJHQHUDOGXWLHVRIHPSOR\HUV
XQGHU WKH +HDOWK DQG 6DIHW\ DW :RUN HWF $FW  2QH UHOHYDQW DUHD LV
DFFHVVHJUHVVLQFOXGLQJSUHYHQWLRQRIIDOOVDQGULVNVDVVRFLDWHGZLWKWUDQVSRUW



*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

0(5&+$17 6+,33,1* $1' ),6+,1* 9(66(/6 +($/7+ $1' 6$)(7<$7

:25.5(*8/$7,2166,1R
7KHVH UHJXODWLRQV DSSO\ WR DOO DFWLYLWLHV RI ZRUNHUV RQ 8QLWHG .LQJGRP VKLSV
6RPH RI WKH UHJXODWLRQV DOVR DSSO\ WR VKLSV RWKHU WKDQ 8QLWHG .LQJGRP VKLSV
ZKLFKDUHRSHUDWLQJLQ8QLWHG.LQJGRPZDWHUV7KH\JLYHHIIHFWWRDQXPEHURI(&
GLUHFWLYHV UHODWLQJ WR KHDOWK DQG VDIHW\ 7KH\ SODFH D JHQHUDO GXW\ XSRQ WKH
HPSOR\HUWRHQVXUHWKHKHDOWKDQGVDIHW\RIWKHZRUNHUV

7+('2&.65(*8/$7,2166,1R
7KHVH UHJXODWLRQV ZHUH IRUPHG XQGHU WKH )DFWRULHV $FW  7KH\ KDYH EHHQ
DPHQGHG E\ VXEVHTXHQW UHJXODWLRQV DQG (& 'LUHFWLYHV KRZHYHU WKH PDMRULW\ RI
WKH UHJXODWLRQV UHPDLQ LQ WKHLU RULJLQDO IRUP 7KH\ LPSRVH KHDOWK VDIHW\ DQG
ZHOIDUH UHTXLUHPHQWV ZLWK UHVSHFW WR DOO GRFN RSHUDWLRQV LQ *UHDW %ULWDLQ DQG
ZLWKLQ WHUULWRULDO ZDWHUV 7KH\ DOVR FRYHU ORDGLQJ XQORDGLQJ UHIXHOOLQJ RU
SURYLVLRQLQJ RI D YHVVHO DQ\ZKHUH ZLWKLQ WKH 8QLWHG .LQJGRP &RQWLQHQWDO 6KHOI
$UHD8.&6

7KHPDLQKHDOWKVDIHW\DQGZHOIDUHSURYLVLRQVRIWKHUHJXODWLRQVDUH

• WKHVDIHSODQQLQJDQGH[HFXWLRQRIWKHZRUN
• WKHSURYLVLRQRIDGHTXDWHOLJKWLQJ
• VDIHDFFHVVDQGHJUHVV
• WUDQVSRUWE\ZDWHU
• UHVFXH IDFLOLWLHV OLIHVDYLQJ HTXLSPHQW UHILJKWLQJ HTXLSPHQW DQG WKH
SURYLVLRQRIPHDQVRIHVFDSH
• WKHFRQGLWLRQDQGXVHRIKDWFKHVUDPSVDQGFDUGHFNV
• WKH RSHUDWLRQ XVH DQG PDUNLQJ RI OLIWLQJ HTXLSPHQW 7KH RULJLQDO SDUW RI WKH
UHJXODWLRQV UHODWLQJ WR WKH H[DPLQDWLRQ WHVWLQJ DQG FHUWLILFDWLRQ RI OLIWLQJ
HTXLSPHQWQRZFRPHVXQGHU/2/(5/LIWLQJ2SHUDWLRQVDQG/LIWLQJ(TXLSPHQW
5HJXODWLRQV6,1R
• FRQILQHGVSDFHHQWU\

',9,1*$7:25.5(*8/$7,2166,1R
7KH'LYLQJDW:RUN5HJXODWLRQVUHTXLUHHYHU\SHUVRQZKRWRDQ\H[WHQWLV
UHVSRQVLEOHIRUKDVFRQWURORYHURULVHQJDJHGLQDGLYLQJSURMHFWRUZKRVHDFWVRU
RPLVVLRQVFRXOGDGYHUVHO\DIIHFWWKHKHDOWKDQGVDIHW\RISHUVRQVHQJDJHGLQVXFK
DSURMHFWWRWDNHVXFKPHDVXUHVDVLWLVUHDVRQDEOHIRUDSHUVRQLQKLVSRVLWLRQWR
WDNHWRHQVXUHWKDWWKHVHUHJXODWLRQVDUHFRPSOLHGZLWK

6XFKSHRSOHLQFOXGH

• WKH FOLHQW ZKR SODFHG D FRQWUDFW ZLWK D GLYLQJ FRQWUDFWRU WR GHOLYHU D GLYLQJ
SURMHFW
• WKH SULQFLSDO FRQWUDFWRU FDUU\LQJ RXW ZRUN IRU WKH FOLHQW DQG RYHUVHHLQJ WKH
ZRUNRIWKH
• GLYLQJFRQWUDFWRU
• DFRQVXOWDQWDFWLQJIRUWKHFOLHQWRZQHUFRQWUDFWRURUDJHQW
• D PDVWHU RI D YHVVHO RU IORDWLQJ VWUXFWXUH IURP ZKLFK GLYLQJ LV WR WDNH SODFH
ZKRFRQWUROVWKHYHVVHORUIORDWLQJVWUXFWXUHDQGDOOSHUVRQQHORQLW
• DQ\ RWKHU SHUVRQ ZKRVH DFWLRQV RU DFWLYLWLHV PD\ DIIHFW WKH VDIHW\ RI WKH
GLYLQJSURMHFW



*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

7KHVH SHRSOH QHHG WR FDUHIXOO\ FRQVLGHU WKH DFWLRQV UHTXLUHG RI WKHP WR FRPSO\
ZLWKWKHVHUHJXODWLRQV7KH\VKRXOGZKHUHDSSURSULDWH

• WDNHUHDVRQDEOHVWHSVWRHQVXUHWKDWDQ\GLYLQJFRQWUDFWRUVHOHFWHGLVFDSDEOH
RIFRPSO\LQJZLWKWKHUHJXODWLRQV
• PDNH DYDLODEOH WR WKH GLYLQJ FRQWUDFWRU WKH UHVXOWV RI DQ\ ULVN DVVHVVPHQWV
XQGHUWDNHQE\RWKHUSHUVRQVXQGHURWKHUVWDWXWRU\OHJLVODWLRQWKDWFRXOGDIIHFW
WKHKHDOWKDQGVDIHW\RIWKHGLYHWHDP
• DJUHHWRSURYLGHIDFLOLWLHVDQGH[WHQGDOOUHDVRQDEOHVXSSRUWWRWKHVXSHUYLVRU
RU GLYLQJ FRQWUDFWRU LQ WKH HYHQW RI DQ HPHUJHQF\ 7KH GLYLQJ SURMHFW SODQ
VKRXOGUHIOHFWWKLV
• FRQVLGHUZKHWKHUDQ\NQRZQXQGHUZDWHURUDERYHZDWHULWHPVRISODQWXQGHU
WKHLUFRQWUROPD\FDXVHDKD]DUGWRWKHGLYHWHDP
• FRQVLGHU ZKHWKHU RWKHU DFWLYLWLHV LQ WKH YLFLQLW\ PD\ DIIHFW WKH VDIHW\ RI WKH
GLYLQJSURMHFW
• HQVXUHWKH\KDYHDIRUPDOFRQWUROV\VWHPLQSODFHWRFRYHUGLYLQJDFWLYLWLHV
• SURYLGHWKHGLYLQJFRQWUDFWRUZLWKGHWDLOVRIDQ\SRVVLEOHVXEVWDQFHOLNHO\WREH
HQFRXQWHUHGE\WKHGLYHWHDPWKDWZRXOGEHDKD]DUGWRWKHLUKHDOWK
• NHHSWKHVXSHUYLVRULQIRUPHGRIDQ\FKDQJHVWKDWPD\DIIHFWWKHVXSHUYLVRU¶V
GLYLQJRSHUDWLRQLQVRIDUDVWKH\KDYHFRQWURORUNQRZOHGJHRIVXFKFKDQJHV

7KHUHJXODWLRQVDOVRDGGUHVVWKHUHVSRQVLELOLWLHVRIGLYLQJFRQWUDFWRUVVXSHUYLVRUV
DQGGLYHUVWKHPVHOYHV

)XUWKHU LQIRUPDWLRQ LV DYDLODEOH LQ WKH 'LYLQJ DW :RUN 5HJXODWLRQV 
&RPPHUFLDO'LYLQJ3URMHFWV2IIVKRUH$SSURYHG&RGHRI3UDFWLFHDQGWKH'LYLQJDW
:RUN 5HJXODWLRQV  &RPPHUFLDO 'LYLQJ 3URMHFWV ,QODQG,QVKRUH $SSURYHG
&RGHRI3UDFWLFH

7+( 5(*8/$725< 5()250 ),5( 6$)(7< 25'(5  7+( ),5(
6&27/$1' $&7  $1' 7+( ),5( 6$)(7< 6&27/$1'
5(*8/$7,216
7KLVRUGHUDFWDQGUHJXODWLRQVDUHWKHVXSSRUWLQJVHWVRI OHJLVODWLRQ ZKLFKFRYHU
DOO DVSHFWV RI ZRUN SUHPLVHV ZLWK UHJDUG WR ILUH 7KH WRSLFV LQFOXGH ILUH ULVN
DVVHVVPHQWVILUHSUHFDXWLRQVSURYLVLRQDQGWUDLQLQJ

7+( 6$)(7< 5(35(6(17$7,9(6 $1' 6$)(7< &200,77((¶6
5(*8/$7,2166,1R
DQG
7+( +($/7+ $1' 6$)(7< &2168/7$7,21 :,7+ (03/2<((6
5(*8/$7,2166,1R
(PSOR\HUV KDYH D GXW\ WR FRQVXOW WKHLU HPSOR\HHV LQ JRRG WLPH RQ PDWWHUV
UHODWLQJWRWKHLUKHDOWKDQGVDIHW\DWZRUN7KLVDSSOLHVLUUHVSHFWLYHRIZKHWKHUWKH
HPSOR\HHVDUHUHSUHVHQWHGE\6DIHW\5HSUHVHQWDWLYHVRUQRW

6,1RKDVEHHQDPHQGHGPDQ\WLPHVWKHODWHVWEHLQJLQ7KHVH
UHJXODWLRQV FRYHU ZRUN SODFHV ZKHUH WKHUH LV UHSUHVHQWDWLRQ RI WKH ZRUNIRUFH E\
VDIHW\UHSUHVHQWDWLYHV6DIHW\5HSUHVHQWDWLYHVDUHXVXDOO\VHOHFWHGE\WKHXQLRQ

6,  1R FRYHUV ZRUN SODFHV ZKHUH WKHUH DUH QR VDIHW\ UHSUHVHQWDWLYHV
7KLVPD\EHEHFDXVHWKHZRUNSODFHLVQRQXQLRQLVHG



*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

7+( 3529,6,21 $1' 86( 2) :25. (48,30(17 5(*8/$7,216 6, 
1R
7KH 3URYLVLRQ DQG 8VH RI :RUN (TXLSPHQW 5HJXODWLRQV  DSSO\ WR DOO
HTXLSPHQWLQFOXGLQJ OLIWLQJHTXLSPHQWDWZRUN7KHVHUHJXODWLRQVSODFHJHQHUDO
GXWLHV RQ HPSOR\HUV DQG OLVW PLQLPXP UHTXLUHPHQWV IRU ZRUN HTXLSPHQW WR GHDO
ZLWK VHOHFWLYH KD]DUGV ZKDWHYHU WKH LQGXVWU\ ,PSRUWDQW QHZ DGGLWLRQV ZHUH
LQWURGXFHG LQ  LQFOXGLQJ D UHTXLUHPHQW WR LQVSHFW ZRUN HTXLSPHQW ZKHUH
VLJQLILFDQWULVNFRXOGUHVXOWIURPLQFRUUHFWLQVWDOODWLRQRUUHORFDWLRQGHWHULRUDWLRQ
RU DV D UHVXOW RI H[FHSWLRQDO FLUFXPVWDQFHV DQG WR UHFRUG WKH UHVXOWV RI
LQVSHFWLRQV 7KHUH DUH DOVR UHTXLUHPHQWV WR GHDO ZLWK ULVNV IURP PRELOH ZRUN
HTXLSPHQW

7+(6833/<2)0$&+,1(5<6$)(7<5(*8/$7,2166,1R
7KHVH UHJXODWLRQV UHTXLUH WKDW VXSSOLHUV DQG PDQXIDFWXUHUV RI PDFKLQHU\ HQVXUH
WKDWWKHPDFKLQHU\FRPSOLHVZLWKGHILQHGUHTXLUHPHQWVLVPDUNHG(&0DUNDQG
LVFHUWLILHGE\DQDSSURYHGERG\

/,)7,1* 23(5$7,216  /,)7,1* (48,30(17 5(*8/$7,216 6, 
1R
7KH /LIWLQJ 2SHUDWLRQV DQG /LIWLQJ (TXLSPHQW 5HJXODWLRQV  /2/(5 DLP WR
UHGXFHULVNVWRSHRSOH¶VKHDOWKDQGVDIHW\IURPOLIWLQJHTXLSPHQWSURYLGHGIRUXVH
DW ZRUN 7KHVH UHJXODWLRQV VHW RXW VSHFLILF UHTXLUHPHQWV IRU FRQWUROOLQJ OLIWLQJ
RSHUDWLRQV DQG HQVXULQJ ERWK OLIWLQJ HTXLSPHQW DQG DFFHVVRULHV DUH UHJXODUO\
WHVWHGDQGWKRURXJKO\H[DPLQHGSULRUWRXVH

127(OLIWLQJHTXLSPHQWLVDOVRVXEMHFWWRWKHUHTXLUHPHQWVRIWKH3URYLVLRQ 8VH
RI:RUN(TXLSPHQW5HJXODWLRQV

35(6685((48,30(175(*8/$7,2166,1R
7KHVH UHJXODWLRQV DUH WKH 8. LQWHUSUHWDWLRQ RI WKH (8 3UHVVXUH (TXLSPHQW
'LUHFWLYHWKH\VHWRXWVSHFLILFGHVLJQFULWHULDIRUSUHVVXUHV\VWHPVDQGHTXLSPHQW
WR HQVXUH WKH\ KDYH EHHQ FRQVWUXFWHG FRUUHFWO\ DUH DSSURSULDWHO\ WHVWHG DQG
ZHUHUHOHYDQW&(PDUNHGSULRUWRVXSSO\$OOSUHVVXUHHTXLSPHQWXVHGZLWKLQWKH
8.VKDOOEHUHTXLUHGWRFRPSO\ZLWKWKHVHUHJXODWLRQV

7+(35(685(6<67(066$)(7<5(*8/$7,2166,1R
7KHVH UHJXODWLRQV DSSO\ WR DOO LQVWDOOHG SUHVVXUH V\VWHPV :KHUH D V\VWHP
H[FHHGV  EDU OLWUHV SURGXFW RI SUHVVXUH DQG YROXPH D ZULWWHQ VFKHPH RI
SHULRGLFH[DPLQDWLRQE\DQLQGHSHQGHQWFRPSHWHQWSHUVRQLVUHTXLUHG

(/(&75,&,7<$7:25.5(*8/$7,2166,1R
7KHVH UHJXODWLRQV OD\ GRZQ SULQFLSOHV RI VDIHW\ WKDW DSSO\ WR WKH JHQHUDWLRQ
SURYLVLRQ WUDQVPLVVLRQ WUDQVIRUPDWLRQ UHFWLILFDWLRQ FRQYHUVLRQ FRQGXFWLRQ
GLVWULEXWLRQFRQWUROVWRUDJHPHDVXUHPHQWDQGXVHRIHOHFWULFDOHQHUJ\

7KH SXUSRVH RI WKH UHJXODWLRQV LV WR HQVXUH DSSURSULDWH VDIHW\ SUHFDXWLRQV DUH
WDNHQ WR SUHYHQW WKH ULVN RI GHDWK RU SHUVRQDO LQMXU\ IURP HOHFWULFLW\ $V VXFK
WKHVHUHJXODWLRQVLPSRVHUHTXLUHPHQWVIRUGHHQHUJLVLQJV\VWHPVSULRUWRVWDUWLQJ
ZRUN

7KHUHJXODWLRQVLPSRVHGXWLHVRQSHUVRQVUHIHUUHGWRDVµGXW\KROGHUV¶LQUHVSHFW
RIV\VWHPVHOHFWULFDOHTXLSPHQWDQGFRQGXFWRUVDQGLQUHVSHFWRIZRUNDFWLYLWLHV
RQRUQHDUHOHFWULFDOHTXLSPHQW

7+( (/(&75,&,7< 6$)(7< 48$/,7< $1' &217,18,7< 5(*8/$7,216 6,
1R
7KHVHUHJXODWLRQVDSSO\WRHOHFWULFLW\VXSSOLHUVDQGGLVWULEXWRUVUHJDUGLQJDVSHFWV
RI VXSSO\ DQG GLVWULEXWLRQ LQFOXGLQJ VXFK WRSLFV DV SURWHFWLRQ DQG HDUWKLQJ
VXEVWDWLRQV XQGHUJURXQG FDEOHV DQG HTXLSPHQW RYHUKHDG OLQHV JHQHUDWLRQ DQG
VXSSOLHVWRLQVWDOODWLRQVDQGWRRWKHUQHWZRUNV



*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

7+((/(&7520$*1(7,&&203$7,%,/,7<5(*8/$7,2166,1R
7KHUHJXODWLRQVDUHWKH8.LQWHUSUHWDWLRQRIWKH(8(OHFWURPDJQHWLFFRPSDWLELOLW\
'LUHFWLYH 7KH UHJXODWLRQV SURYLGH LQIRUPDWLRQ WR GHVLJQHUV WR DOORZ WKHP WR
FRQVLGHU WKH HIIHFWV RQ WKHLU HOHFWULFDO HTXLSPHQW IURP HOHFWURPDJQHWLF IRUFHV
JHQHUDWHGIURPRWKHUHOHFWULFDOHTXLSPHQW

7+(:25.$7+(,*+75(*8/$7,216
7KH:RUNDW+HLJKW5HJXODWLRQVDSSO\WRDOOZRUNDWKHLJKWZKHUHWKHUHLVD
ULVN RIDIDOOOLDEOHWRFDXVHSHUVRQDO LQMXU\7KH\SODFHGXWLHVRQHPSOR\HUVWKH
VHOIHPSOR\HG DQG DQ\ SHUVRQ WKDW FRQWUROV WKH ZRUN RI RWKHUV WR WKH H[WHQW RI
WKHLUFRQWUROIRUH[DPSOHZDYHDQGWLGDOGHYLFHVRZQHUVZKRPD\FRQWUDFWRWKHUV
WRZRUNDWKHLJKW

7KHUHJXODWLRQVLQFOXGHVFKHGXOHVJLYLQJUHTXLUHPHQWVIRUH[LVWLQJSODFHVRIZRUN
DQGPHDQVRIDFFHVVIRUZRUNDWKHLJKWFROOHFWLYHIDOOSUHYHQWLRQHJJXDUGUDLOV
DQGZRUNLQJSODWIRUPVFROOHFWLYHIDOODUUHVWHJQHWVDLUEDJVHWFSHUVRQDOIDOO
SURWHFWLRQHJZRUNUHVWUDLQWVIDOODUUHVWDQGURSHDFFHVVDQGODGGHUV

&21),1('63$&(65(*8/$7,2166,1R
7KHVH UHJXODWLRQV DSSO\ WR DOO ZRUN VLWXDWLRQV LQ *UHDW %ULWDLQ H[FHSW IRU GLYLQJ
RSHUDWLRQVDQGPLQLQJ

7KHNH\GXWLHVDUH
• DYRLGHQWU\WRFRQILQHGVSDFHVHJE\GRLQJWKHZRUNIURPRXWVLGH
• LIHQWU\WRDFRQILQHGVSDFHVLVXQDYRLGDEOHDVVHVVWKHULVNVDQGIROORZDVDIH
V\VWHPRIZRUN
• SXWLQSODFHDGHTXDWHHPHUJHQF\DUUDQJHPHQWVEHIRUHWKHZRUNVWDUWV

7+(&21752/2)9,%5$7,21$7:25.5(*8/$7,2166,1R
7KHVHUHJXODWLRQVUHTXLUHHPSOR\HUVWRSURWHFWWKHLUHPSOR\HHVIURPH[SRVXUHWR
YLEUDWLRQLQMXU\7ZRGLIIHUHQWW\SHVRIYLEUDWLRQLQMXU\DUHGHVFULEHGZLWKLQWKHVH
UHJXODWLRQV

:KROH%RG\±IURPYLEUDWLQJSODQWYHKLFOHVSODWIRUPVHWF
+DQG$UP±IURPHOHFWULFDOSQHXPDWLFK\GUDXOLFSRZHUWRROV

7KH UHJXODWLRQV UHTXLUH DQ DVVHVVPHQW RI ULVN WR EH XQGHUWDNHQ FRQWURO RI ZRUN
DFWLYLW\ WR HQVXUH QRRQH LV H[SRVHG WR YLEUDWLRQV IUHTXHQFLHV DERYH VSHFLILHG
DFWLRQOHYHOV

7+(12,6($7:25.5(*8/$7,2166,1R
7KHVH UHJXODWLRQV DUH LQWHQGHG WR UHGXFH KHDULQJGDPDJH FDXVHGE\ ORXG QRLVH
7KH\ UHTXLUHHPSOR\HUV WR WDNH DFWLRQZKHQ QRLVH H[SRVXUH UHDFKHV DQ G%$
µ)LUVW $FWLRQ /HYHO¶ DQG IXUWKHU DFWLRQ LI LW UHDFKHV  G%$ $W WKH )LUVW $FWLRQ
/HYHO HPSOR\HUV KDYH WR SURYLGH HDU SURWHFWRUV WR DQ\ HPSOR\HHV ZKR ZDQW
WKHP &RQWURO RI OHYHOV DERYH  G%$ KDV WR EH E\ PHDQV RWKHU WKDQ HDU
SURWHFWRUVZKHUHUHDVRQDEO\SUDFWLFDEOH

&21752/ 2) 68%67$1&(6 +$=$5'286 72 +($/7+ 5(*8/$7,216 
DVDPHQGHG±6,1R6,1R
7KH &RQWURO RI 6XEVWDQFHV +D]DUGRXV WR +HDOWK 5HJXODWLRQV  DV DPHQGHG
 &26++ UHTXLUH HPSOR\HUVWR HQVXUH WKDWH[SRVXUH RI WKHLU HPSOR\HHV WR
KD]DUGRXVVXEVWDQFHVLVHLWKHUSUHYHQWHGRULIWKLVLVQRWUHDVRQDEO\SUDFWLFDEOH
DGHTXDWHO\ FRQWUROOHG 8QGHU WKHVH UHJXODWLRQV VRPH RI WKH HPSOR\HU¶V
UHVSRQVLELOLWLHVH[WHQGWRSHRSOHRWKHUWKDQHPSOR\HHVZKRPD\EHDIIHFWHGE\
WKHZRUNDFWLYLW\



*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

7KH HPSOR\HU LV UHTXLUHG WR FDUU\ RXW DQ DVVHVVPHQW RI WKH KHDOWK ULVNV ZKLFK
PLJKW DULVH IURP WKH YDULRXV ZRUN DFWLYLWLHV DQG VWDWH WKH DFWLRQ WKH\ LQWHQG WR
WDNH WR SUHYHQW RU FRQWURO WKH H[SRVXUH RI WKHLU ZRUNIRUFH WR KD]DUGRXV
VXEVWDQFHVDQGWRFRPSO\ZLWKRWKHUUHTXLUHPHQWVRIWKHUHJXODWLRQV

7KHUHJXODWLRQVUHTXLUHDOOHPSOR\HUVWR
• DVVHVV WKH ULVN WR WKHLU HPSOR\HHV DQG RWKHUV IURP H[SRVXUH WR KD]DUGRXV
VXEVWDQFHVDWZRUNDQGVRHVWDEOLVKZKHWKHUSUHFDXWLRQVDUHQHHGHG7KLVZLOO
LQFOXGH GHWHUPLQLQJ ZKDW VXEVWDQFHV DUH SUHVHQW DQG LQ ZKDW IRUP KRZ DUH
WKH\KDQGOHGZKDWKDUPIXOHIIHFWVDUHSRVVLEOHZKRLVOLNHO\WREHDIIHFWHG
• LQWURGXFH DSSURSULDWH PHDVXUHV WR SUHYHQW RU FRQWURO WKH H[SRVXUH WR WKRVH
VXEVWDQFHVZKHUHDULVNKDVEHHQLGHQWLILHGZKLFKQHHGVWREHFRQWUROOHGVXFK
DVVXEVWLWXWLRQE\DVDIHUSURGXFW
• HQVXUH WKDW FRQWURO PHDVXUHV DUH XVHG DQG WKDW HTXLSPHQW LV SURSHUO\
PDLQWDLQHGDQGSURFHGXUHVREVHUYHG
• ZKHUH QHFHVVDU\ PRQLWRU WKH H[SRVXUH RI WKH ZRUNHUV DQG FDUU\ RXW DQ
DSSURSULDWHIRUPRIVXUYHLOODQFHRIWKHLUKHDOWK
• LQIRUPLQVWUXFWDQGWUDLQHPSOR\HHVDERXWWKHULVNVDQGWKHSUHFDXWLRQVWREH
WDNHQ

3UDFWLFDOJXLGDQFHRQ&26++LVJLYHQLQ+6(SXEOLFDWLRQV&26++±7KH&RQWURORI
6XEVWDQFHV +D]DUGRXV WR +HDOWK 5HJXODWLRQV  DV DPHQGHG  $SSURYHG
&RGHRI3UDFWLFHDQG*XLGDQFH/

7+( '$1*(5286 68%67$1&(6 $1' (;3/62,9(6 $70263+(56
5(*8/$7,2166,1R
7KHVH UHJXODWLRQV FRQFHUQ WKH XVH RI DQ\ VXEVWDQFH RU SUHSDUDWLRQ LQ WKH
ZRUNSODFH ZKLFK LV H[SORVLYH R[LGLVLQJ H[WUHPHO\ IODPPDEOH KLJKO\ IODPPDEOH
RUIODPPDEOH5LVNDVVHVVPHQWVDUHUHTXLUHGZKLFKIRFXVXSRQWKHHOLPLQDWLRQRU
UHGXFWLRQRIULVNVIURPWKHGDQJHURXVVXEVWDQFHV

7+(&$55,$*(2)'$1*(528668%67$1&(6 86(2)75$163257$%/(
35(6685((48,30(175(*8/$7,2166,
7KHVHUHJXODWLRQVFRYHUWKHFDUULDJHWUDQVSRUWDWLRQE\URDGUDLODLUDQGVHDRI
VXEVWDQFHVKD]DUGRXVWRKHDOWK7KH\UHTXLUHD'DQJHURXV*RRGV6DIHW\$GYLVRU
WRSUHSDUHDSSURSULDWHGRFXPHQWDWLRQWRHQVXUHVDIHWUDQVSRUWDWLRQDQGUHTXLUHG
QRWLILFDWLRQRIVSHFLILFVXEVWDQFHVWKHKD]DUGRXVVXEVWDQFH

+($/7+ $1' 6$)(7< ',63/$< 6&5((1 (48,30(17 5(*8/$7,216 6,
1R
7KH UHJXODWLRQV LPSRVH PLQLPXP KHDOWK DQG VDIHW\ UHTXLUHPHQWV IRU ZRUN ZLWK
GLVSOD\ VFUHHQ HTXLSPHQW ZKHUH WKHUH LV D µXVHU¶ WKDW LV DQ HPSOR\HH ZKR
KDELWXDOO\XVHVGLVSOD\VFUHHQHTXLSPHQWDVDVLJQLILFDQWSDUWRIQRUPDOZRUN

7+(0$18$/+$1'/,1*23(5$7,2165(*8/$7,2166,1R
7KH 0DQXDO +DQGOLQJ 2SHUDWLRQV 5HJXODWLRQV  UHTXLUH HPSOR\HUV WR WDNH
UHDVRQDEO\SUDFWLFDEOHVWHSVWRDYRLGPDQXDOKDQGOLQJDFWLYLWLHVZKHUHWKHUHLVD
ULVN RI LQMXU\ :KHUH VXFK PDQXDO KDQGOLQJ FDQQRW EH DYRLGHG WKH HPSOR\HU
VKRXOGPDNHDQDVVHVVPHQWDQGWDNHDSSURSULDWHPHDVXUHVWRUHGXFHWKHULVNRI
LQMXU\WRWKHORZHVWOHYHOUHDVRQDEO\SUDFWLFDEOH7KHDVVHVVPHQWZLOOIRUPSDUWRI
WKHRYHUDOOULVNDVVHVVPHQWUHTXLUHGE\WKH0DQDJHPHQWRI+HDOWKDQG6DIHW\DW
:RUN5HJXODWLRQV



*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

3(5621$/ 3527(&7,9( (48,30(17 $7 :25. 33( 5(*8/$7,216 6,

1R
7KH 3HUVRQDO 3URWHFWLYH (TXLSPHQW DW :RUN 5HJXODWLRQV  UHTXLUH HPSOR\HUV
WRPDNHVXUHWKDWVXLWDEOHSHUVRQDOSURWHFWLYHHTXLSPHQWLVSURYLGHGDQGXVHGE\
HPSOR\HHV ZKHUHYHU WKHUH LV D ULVN WR KHDOWK DQG VDIHW\ WKDW FDQQRW EH
DGHTXDWHO\FRQWUROOHGE\RWKHUPHDQV7KLVLQFOXGHVIRUH[DPSOHWKHSURYLVLRQRI
VDIHW\ IRRWZHDUZKHUH WKHUH LV D ULVNRI IRRW LQMXULHV KHDGJHDUZKHUH WKHUH LV D
ULVN RI KHDG LQMXULHV RU VXLWDEOH RXWGRRU FORWKLQJ LI WKH MRE LQYROYHV ZRUNLQJ
RXWVLGH LQ DGYHUVH ZHDWKHU FRQGLWLRQVWKDW FRXOGSUHMXGLFH WKH KHDOWK DQG VDIHW\
RIWKHHPSOR\HHV

7+( &216758&7,21 +($' 3527(&7,21 5(*8/$7,216 6, 
1R
(YHU\ GXW\ KROGHU LQ FKDUJH RI D VLWH KDV D GXW\ WR HQVXUH WKDW DOO SHUVRQV ZKR
DUH DW ZRUN RQ RSHUDWLRQV RU ZRUNV RQ WKDW VLWH DUH ZHDULQJ VXLWDEOH KHDG
SURWHFWLRQ

7+( +($/7+ $1' 6$)(7< 6$)(7< 6,*16 $1' 6,*1$/6 5(*8/$7,216
6,1R
6DIHW\ VLJQV VKRXOG EH SURYLGHG ZKHUH WKH ULVN DVVHVVPHQW LQGLFDWHV WKDW ULVNV
FDQQRWEHDYRLGHGRUDGHTXDWHO\FRQWUROOHGLQRWKHUZD\V

+($/7+$1'6$)(7<),567$,'5(*8/$7,2166,1R
8QGHU WKH +HDOWK DQG 6DIHW\ )LUVW $LG 5HJXODWLRQV  D ULVN DVVHVVPHQW RI
ILUVW DLG QHHGV LV UHTXLUHG WR EH FRPSOHWHG ,Q DGGLWLRQ DOO ZRUNSODFHV VKRXOG
KDYH ILUVWDLG PDWHULDO LQ D FOHDUO\ LGHQWLILHG ER[ DQG DQ DSSRLQWHG SHUVRQV WR
HQVXUH WKH SURSHU PDQDJHPHQW RI LQMXULHV RU LOOQHVVHV DW ZRUN 7KH ILUVWDLG
SURYLVLRQ ZLOO GHSHQG RQD YDULHW\ RI IDFWRUV LQFOXGLQJ WKHQDWXUH DQG GHJUHH RI
WKH KD]DUGV DW ZRUN ZKHWKHU WKHUH LV VKLIW ZRUN ZKDW PHGLFDO VHUYLFHV DUH
DYDLODEOH DQG WKH QXPEHU RI HPSOR\HHV 7KH +6( ERRNOHW )LUVW $LG DW :RUN
H[SODLQV WKH UHTXLUHPHQWV DQG SURYLGHV JXLGDQFH WR KHOS HPSOR\HUV PHHW WKHLU
REOLJDWLRQV

7+( 5(3257,1* 2) ,1-85,(6 ',6($6(6 $1' '$1*(5286
2&&855(1&(65(*8/$7,2166,1R
7KH5HSRUWLQJRI,QMXULHV'LVHDVHVDQG'DQJHURXV2FFXUUHQFHV5HJXODWLRQV
5,''25UHTXLUHHPSOR\HUVSHRSOHLQFRQWURORISUHPLVHVDQGLQVRPHFDVHVWKH
VHOIHPSOR\HG WR UHSRUW FHUWDLQ W\SHV RI LQMXU\ RFFXSDWLRQDO LOO KHDOWK DQG
GDQJHURXVRFFXUUHQFHVWRWKHHQIRUFLQJDXWKRULW\

7KHUHDUHVHYHUDOFDVHVLQZKLFKLQMXULHVDQGLQFLGHQWVKDYHWREHUHSRUWHGWRDQ
HQIRUFLQJDXWKRULW\DQGWKHVHGHSHQGRQWKHVHYHULW\DQGWKHSRWHQWLDOIRUKDUP
D LDQHPSOR\HHRUDYLVLWRUGLHVRUVXIIHUVDPDMRULQMXU\LQDQDFFLGHQW
DULVLQJIURPRULQFRQQHFWLRQZLWKZRUNRU
LL VRPHRQH ZKR LV QRW DW ZRUN HJ PHPEHU RI WKH SXEOLF VXIIHUV DQ
LQMXU\ DV D UHVXOW RI DQ DFFLGHQW DQG LV WDNHQ WR KRVSLWDO IRU
WUHDWPHQWRU
LLLWKHUHLVDGDQJHURXVRFFXUUHQFH7KHQWKHHPSOR\HUVKRXOGQRWLI\WKH
HQIRUFLQJ DXWKRULW\ IRUWKZLWK E\ WKH TXLFNHVW SUDFWLFDEOH PHDQV
QRUPDOO\ E\ WHOHSKRQH DQG ZLWKLQ VHYHQ GD\V VHQG D ZULWWHQ UHSRUW
XVLQJ )RUP  DYDLODEOH IURP +6( %RRNV 5HSRUWV DUH UHTXLUHG
ZKHWKHURUQRWWKHSHUVRQFRQFHUQHGLVDQHPSOR\HH
EZKHUHDQ\RQHDWZRUNLVRIIZRUNRUFDQQRWFDUU\RXWWKHLUQRUPDOGXWLHVIRU
PRUHWKDQWKUHHFRQVHFXWLYHGD\VDVDUHVXOWRIDQDFFLGHQWDWZRUNWKLVLVDOVR
UHSRUWDEOH DQG WKH HPSOR\HU KDV VHYHQ GD\V LQ ZKLFK WR VHQG D UHSRUW WR WKH
HQIRUFLQJDXWKRULW\



*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

7+( +($/7+  6$)(7< 0LVFHOODQHRXV $PHQGPHQWV 5(*8/$7,216

6,1R
7KHVH UHJXODWLRQV LQFOXGH YDULRXV DPHQGPHQWV WR FXUUHQW 8. OHJLVODWLRQ WKLV
LQFOXGHV
Ȭ 7KH+HDOWK 6DIHW\)LUVW$LG5HJXODWLRQV
Ȭ 7KH0DQXDO+DQGOLQJ5HJXODWLRQV
Ȭ 7KH33(5HJXODWLRQV
Ȭ 7KH+HDOWK 6DIHW\'LVSOD\6FUHHQ(TXLSPHQW5HJXODWLRQV
Ȭ 7KH3URYLVLRQDQG8VHRI:RUN(TXLSPHQW5HJXODWLRQV

7+( &2$67 3527(&7,21 $&7  $6 $0(1'(' %< 7+( 0(5&+$17
6+,33,1*$&7
6HFWLRQ±5HVWULFWLRQRI:RUNV'HWULPHQWDOWR1DYLJDWLRQ
1RSHUVRQVKDOOZLWKRXWWKHFRQVHQWRIWKH6HFUHWDU\RI6WDWHIRU7UDQVSRUW/RFDO
*RYHUQPHQWDQGWKH5HJLRQV
D &RQVWUXFW DOWHU RU LPSURYH DQ\ ZRUNV RQ XQGHU RU RYHU DQ\ SDUW RI WKH
VHDVKRUHO\LQJEHORZWKHOHYHORIPHDQKLJKZDWHUVSULQJV
E 'HSRVLWDQ\REMHFWRUDQ\PDWHULDOVRQDQ\VXFKSDUWRIWKHVHDVKRUHRU
F 5HPRYH DQ\ REMHFW RU DQ\ PDWHULDOV IURP DQ\ SDUW RI WKH VHDVKRUH O\LQJ
EHORZ WKH OHYHO RI PHDQ KLJK ZDWHU VSULQJV LI WKH RSHUDWLRQ FDXVHV RU LV
OLNHO\WRUHVXOWLQREVWUXFWLRQRUGDQJHUWRQDYLJDWLRQ

7KH 6HFUHWDU\ RI 6WDWH PD\ DV D FRQGLWLRQ RI FRQVLGHULQJ DQ DSSOLFDWLRQ IRU
FRQVHQWXQGHUWKLVVHFWLRQUHTXLUHWREHIXUQLVKHGZLWKVXFKSODQVDQGSDUWLFXODUV
RIWKHSURSRVHGRSHUDWLRQDVKHPD\FRQVLGHUQHFHVVDU\

,IWKH6HFUHWDU\RI6WDWHLVRIWKHRSLQLRQWKDWDQ\RSHUDWLRQZLOOFDXVHRULVOLNHO\
WRUHVXOWLQREVWUXFWLRQRUGDQJHUWRQDYLJDWLRQKHPD\UHIXVHFRQVHQWRUJLYHKLV
FRQVHQW VXEMHFW WR FRQGLWLRQV KDYLQJ UHJDUG WR WKH QDWXUH DQG H[WHQW RI WKH
REVWUXFWLRQRUGDQJHU

7+()$&725<$&7
7KHPDMRULW\RIWKLV$FWKDVQRZEHHQUHSHDOHGE\WKH+HDOWKDQG6DIHW\DW:RUN
HWF $FW  DQG VXEVHTXHQW (& 'LUHFWLYHV 6HFWLRQ  RI WKH $FW UHJDUGLQJ
(OHFWULFDO 6WDWLRQV VWLOO DSSOLHV $OVR D QXPEHU RI VHWV RI UHJXODWLRQV ZHUH PDGH
XQGHUWKLV$FWZKLFKDUHVWLOOQHHGHGWRFRYHUSDUWLFXODULQGXVWULHVDQGZRUNSODFHV
ZKLFK KDYH VSHFLILF KD]DUGV DQG DVVRFLDWHG ULVNV WKDW QHHG WR EH UHJXODWHG DQG
FRQWUROOHG7KHVHUHJXODWLRQVLQFOXGHWKH'RFNV5HJXODWLRQV6,1RVHH
DERYHDQGWKH%UHDWKLQJ$SSDUDWXVHWF5HSRUWRQ([DPLQDWLRQ2UGHU6,
1R

2)),&(66+236$1'5$,/:$<35(0,6(6$&7
7KLV$FWIROORZHGWKHJHQHUDOSDWWHUQRIWKH)DFWRULHV$FWDQGOLNHWKDW$FW
PXFK RI LW ZDV UHSHDOHG E\ WKH +HDOWK DQG 6DIHW\ DW :RUN HWF $FW  DQG
VXEVHTXHQW(&'LUHFWLYHV,WGRHVVWLOOFRYHUSUHPLVHVWKDWDUHHLWKHULQVLQJOHRU
PXOWLSOHRZQHUVKLS


*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

$33(1',;5()(5(1&(6

7KH IROORZLQJ SXEOLFDWLRQ UHIHUHQFHV KDYH EHHQ SURYLGHG WR DOORZ UHDGHUV ZKR
ZLVKWRXQGHUVWDQGPRUHDERXWWKHDSSOLFDWLRQDQGLQWHUSUHWDWLRQRIVSHFLILFDUHDV
RI8.KHDOWK VDIHW\OHJLVODWLRQDSSURYHGFRGHVRISUDFWLFHDQGJXLGDQFH

127($OOSXEOLFDWLRQVDUHDYDLODEOHIURP+6(%RRNV7KH6WDWLRQDU\2IILFH762
RUIURPPRVWODUJHERRNVWRUHV

+6(%RRNVFDWDORJXH)UHHIURP+6(%RRNV

6XFFHVVIXO+HDOWKDQG6DIHW\0DQDJHPHQW+6*,6%1

0DQDJHPHQWRI+HDOWKDQG6DIHW\DW:RUN0DQDJHPHQWRI+HDOWKDQG6DIHW\DW
:RUN 5HJXODWLRQV  $SSURYHG &RGH RI 3UDFWLFH  *XLGDQFH  /  ,6%1 


0DQDJLQJ+HDOWKDQG6DIHW\)LYH6WHSVWR6XFFHVV+6(IUHHOHDIOHW,1'*

0DQDJLQJ +HDOWK  6DIHW\ LQ &RQVWUXFWLRQ ± &RQVWUXFWLRQ 'HVLJQ DQG
0DQDJHPHQW5HJXODWLRQV$SSURYHGFRGHRI3UDFWLFHDQG*XLGDQFH±/±
,6%1

0DQDJLQJ&RQWUDFWRUV±$JXLGHIRUHPSOR\HUV±+6*±,6%1

+HDOWKDQG6DIHW\5HJXODWLRQ$VKRUW*XLGH+6(IUHHOHDIOHW+6&5HY

'LUHFWRUV¶UHVSRQVLELOLWLHVIRUKHDOWK VDIHW\+6(IUHHOHDIOHW±,1'*

1HHG KHOS RQ KHDOWK  VDIHW\" *XLGDQFH IRU HPSOR\HUV RQ ZKHQ DQG KRZ WR JHW
DGYLFHRQKHDOWK VDIHW\+6(IUHHOHDIOHW,1'*

6WHSVWR5LVN$VVHVVPHQW+6(IUHHOHDIOHW,1'*

$*XLGHWRWKH+HDOWK 6DIHW\&RQVXOWDWLRQZLWK(PSOR\HHV5HJXODWLRQV±
/±,6%1

(VVHQWLDOVRI+HDOWKDQG6DIHW\DW:RUN,6%1;

:RUNSODFH +HDOWK 6DIHW\ DQG :HOIDUH 5HJXODWLRQV  $SSURYHG &RGH RI
3UDFWLFHDQG*XLGDQFH/,6%1

+6*0DQDJLQJ+HDOWK 6DIHW\LQ'RFN:RUN±

'DQJHURXV 6XEVWDQFHV DQG ([SORVLYH $WPRVSKHUHV  'DQJHURXV 6XEVWDQFHV DQG
([SORVLYHV $WPRVSKHUHV5HJXODWLRQV $SSURYHG &RGH RI 3UDFWLFH ± /  ,6%1 


6DIHW\ LQ 'RFNV 'RFNV 5HJXODWLRQV  ± $SSURYHG &RGH RI 3UDFWLFH ZLWK
5HJXODWLRQVDQG*XLGDQFH±&23±,6%1

6DIHW\ 6LJQV DQG 6LJQDOV ± 7KH +HDOWK DQG 6DIHW\ 6DIHW\ VLJQV DQG 6LJQDOV
5HJXODWLRQV*XLGDQFHRQ5HJXODWLRQV±/,6%1


*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

0HPRUDQGXPRI*XLGDQFHRQWKH(OHFWULFLW\DW:RUN5HJXODWLRQV+65
,6%1

(OHFWULFLW\DW:RUN6DIH:RUNLQJ3UDFWLFHV+6*,6%1
%6  5HTXLUHPHQWV IRU (OHFWULFDO ,QVWDOODWLRQV ,(( :LULQJ 5HJXODWLRQV
WK
,QVWLWXWLRQRI(OHFWULFDO(QJLQHHUV (GLWLRQ,6%1

$YRLGDQFHRI'DQJHUIURP2YHUKHDG(OHFWULFDO3RZHU/LQHV*6,6%1


6DIH8VHRI:RUN(TXLSPHQW3URYLVLRQDQG8VHRI:RUN(TXLSPHQW5HJXODWLRQV
$SSURYHG&RGHRI3UDFWLFH *XLGDQFHRQWKH5HJXODWLRQV/,6%1


6LPSOH *XLGH WR WKH 3URYLVLRQ DQG 8VH RI :RUN (TXLSPHQW 5HJXODWLRQV  ±
+6(IUHHOHDIOHW,1'*

6DIH 8VH RI /LIWLQJ (TXLSPHQW  /LIWLQJ 2SHUDWLRQV DQG /LIWLQJ (TXLSPHQW
5HJXODWLRQV$SSURYHG&RGHRI3UDFWLFHDQG*XLGDQFH/,6%1


7HFKQLFDOJXLGDQFHRQWKHVDIHXVHRIOLIWLQJHTXLSPHQWRIIVKRUH6HFRQG(GLWLRQ
±+6*±,6%1

6LPSOH*XLGHWRWKH/LIWLQJ2SHUDWLRQVDQG/LIWLQJ (TXLSPHQW5HJXODWLRQV 
+6(IUHHOHDIOHW,1'*

6DIHW\ RI 3UHVVXUH 6\VWHP ± 3UHVVXUH V\VWHPV 6DIHW\ 5HJXODWLRQV  
$SSURYHG&RGHRI3UDFWLFH±/,6%1

:RUN ZLWK GLVSOD\ VFUHHQ HTXLSPHQW +HDOWK DQG 6DIHW\ 'LVSOD\ 6FUHHQ
(TXLSPHQW5HJXODWLRQV$VDPHQGHG*XLGDQFHRQWKH5HJXODWLRQV/
,6%1

(IIHFWLYH &ROOLVLRQ 5LVN 0DQDJHPHQW IRU 2IIVKRUH ,QVWDOODWLRQV 2IIVKRUH
7HFKQRORJ\5HSRUW272www.hse.gov.uk/research

+HDOWK 6DIHW\LQ&RQVWUXFWLRQ±+6*±,6%1

&RPPHUFLDO 'LYLQJ 3URMHFWV 2IIVKRUH  'LYLQJ DW :RUN 5HJXODWLRQV 
$SSURYHG&RGHRI3UDFWLFH/,6%1

&RPPHUFLDO 'LYLQJ 3URMHFWV ,QODQG,QVKRUH  'LYLQJ DW :RUN 5HJXODWLRQV  
$SSURYHG&RGHRI3UDFWLFH/,6%1

6DIH :RUNLQ &RQILQHG 6SDFHV  $SSURYHG &RGH RI 3UDFWLFH DQG *XLGDQFHRQ WKH
&RQILQHG6SDFHV5HJXODWLRQV/,6%1

6DIH:RUNLQ&RQILQHG6SDFHV+6(IUHHOHDIOHW,1'*

&RQWURO RI 6XEVWDQFHV +D]DUGRXV WR +HDOWK )LIWK (GLWLRQ  7KH &RQWURO RI
6XEVWDQFHV+D]DUGRXVWR+HDOWK 5HJXODWLRQVDVDPHQGHG  $SSURYHG
&RGHRI3UDFWLFHDQG*XLGDQFH/,6%1


*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

&RQWUROOLQJ 1RLVH DW :RUN ± 7KH &RQWURO RI 1RLVH DW :RUN 5HJXODWLRQV  ±
*XLGDQFHRQ5HJXODWLRQV±/±,6%1

+DQG$UP 9LEUDWLRQ ± 7KH &RQWURO RI 9LEUDWLRQ DW :RUN 5HJXODWLRQV  ±
*XLGDQFHRQ5HJXODWLRQV±/±,6%1

:KROH %RG\ 9LEUDWLRQ ± 7KH &RQWURO RI 9LEUDWLRQ DW :RUN 5HJXODWLRQV  ±
*XLGDQFHRQ5HJXODWLRQV±/±,6%1

0DQXDO+DQGOLQJ0DQXDO+DQGOLQJ2SHUDWLRQV5HJXODWLRQV*XLGDQFHRQWKH
5HJXODWLRQV/,6%1

3HUVRQDO 3URWHFWLYH (TXLSPHQW DW :RUN 6HFRQG (GLWLRQ  *XLGDQFH RQ 3HUVRQDO
3URWHFWLYH(TXLSPHQWDW:RUN5HJXODWLRQVDVDPHQGHG/,6%1


7KH &RQVWUXFWLRQ +HDG 3URWHFWLRQ 5HJXODWLRQV  ± *XLGDQFH RQ 5HJXODWLRQV
±/,6%1

7KH&RVWVRI$FFLGHQWVDW:RUN+6*,6%1

)LUVW$LGDW:RUN+HDOWKDQG6DIHW\)LUVW$LG5HJXODWLRQV$SSURYHG&RGH
RI3UDFWLFHDQG*XLGDQFH/,6%1

'HDOLQJZLWK2IIVKRUH(PHUJHQFLHV±+6*

*XLGH WR WKH 5HSRUWLQJ RI ,QMXULHV 'LVHDVHV DQG 'DQJHURXV 2FFXUUHQFHV
5HJXODWLRQV/,6%1

5,''252IIVKRUH+6(IUHHOHDIOHW+6(5HY

&RGH RI 6DIH :RUNLQJ 3UDFWLFHV IRU 0HUFKDQW 6HDPHQ¶ 
KWWSZZZPFJDJRYXNFPFDPFJDVKVFRVZSSGI

0DULQH *XLGDQFH 1RWLFH  0 ± 3URSRVHG 8. 2IIVKRUH 5HQHZDEOH (QHUJ\
,QVWDOODWLRQV25(,*XLGDQFHRQ1DYLJDWLRQDO6DIHW\,VVXHV

7KH0HUFKDQW6KLSSLQJ6PDOO&RPPHUFLDO9HVVHOVDQG3LORW%RDWV5HJXODWLRQV

7KH6PDOO&RPPHUFLDO9HVVHODQG3LORW%RDW&RGHRI3UDFWLVH6&9&RGH


*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

$33(1',;86()8/&217$&76

+HDOWK 6DIHW\([HFXWLYH+6(

2QOLQHZZZKVHJRYXN

<RXU ORFDO +6( ,QVSHFWRU¶V DGGUHVV DQG WHOHSKRQH QXPEHU FDQ EH IRXQG LQ WKH
ORFDODUHDWHOHSKRQHGLUHFWRU\OLVWHGXQGHU+HDOWK 6DIHW\([HFXWLYH

+6(2IIVKRUH'LYLVLRQ

RQOLQHZZZKVHJRYXNRIIVKRUH

+HDOWKDQG6DIHW\([HFXWLYH +HDOWKDQG6DIHW\([HFXWLYH
+D]DUGRXV,QVWDOODWLRQV'LUHFWRUDWH +D]DUGRXV,QVWDOODWLRQV'LUHFWRUDWH
2IIVKRUH'LYLVLRQ 2IIVKRUH'LYLVLRQ
/RUG&XOOHQ+RXVH 5HGJUDYH&RXUW
)UDVHU3ODFH 0HUWRQ5RDG
$EHUGHHQ %RRWOH
$%8% 0HUVH\VLGH
7HO /+6
7HO
+HDOWKDQG6DIHW\([HFXWLYH +HDOWKDQG6DIHW\([HFXWLYH
+D]DUGRXV,QVWDOODWLRQV'LUHFWRUDWH +D]DUGRXV,QVWDOODWLRQV'LUHFWRUDWH
2IIVKRUH'LYLVLRQ 2IIVKRUH'LYLVLRQ
*6:5RVH&RXUW VW)ORRU/DNHVLGH
6RXWKZDUN%ULGJH 2OG&KDSHO:D\
/RQGRQ %URDGODQG%XVLQHVV3DUN
6(+6 1RUZLFK
7HO 7HO

(QTXLULHV UHODWLQJ WR GLYLQJ RSHUDWLRQV VKRXOG EH GLUHFWHG WR WKH DSSURSULDWH
'LYLQJ,QVSHFWLRQ7HDPV
Ȭ /RQGRQIRU/RQGRQ6RXWKHUQ(QJODQGDQG:DOHV
Ȭ 1RUZLFKIRU&HQWUDODQG1RUWKHUQ(QJODQGDQG
Ȭ $EHUGHHQIRU6FRWODQG

+6(,QIROLQH

*HQHUDO+HDOWKDQG6DIHW\DGYLFHLVDYDLODEOHIURPWKH+6(E\FRQWDFWLQJ

7HO
)D[
HPDLOKVHLQIRUPDWLRQVHUYLFHV#QDWEULWFRP

2UZULWHWR

+6(,QIRUPDWLRQVHUYLFHV
&DHUSKLOO\%XVLQHVV3DUN
&DHUSKLOO\&)**



*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

(PSOR\HH0HGLFDO$GYLVRU\6HUYLFH(0$6
(0$6DUHDQLQWHJUDOSDUWRIWKH+6(WKH\DUHVWDIIHGE\VSHFLDOLVWRFFXSDWLRQDO
KHDOWK SURIHVVLRQDO GRFWRUV DQG QXUVHV ZKR SURYLGH H[SHUW DGYLFH RQ PHGLFDO
PDWWHUVUHODWLQJWRZRUN$GLUHFWRU\RIUHJLRQDO(0$6RIILFHVPD\EHIRXQGDWWKH
IROORZLQJRQOLQHOLQNZZZKVHJRYXNIRUPVKHDOWKHPDVRIILFHVKWP

+6(%RRNV
32%R[
6XGEXU\
6XIIRON
&2:$
7HO
)D[
HPDLOKVHERRNV#SURORJXNFRP
RQOLQHZZZKVHERRNVFRXN
+6(SULFHGSXEOLFDWLRQVDUHDOVRDYDLODEOHIURPJRRGERRNVHOOHUV

0DULWLPHDQG&RDVWJXDUG$JHQF\0&$
6SULQJ3ODFH
&RPPHUFLDO5RDG
6RXWKDPSWRQ
+DPSVKLUH
8.
62(*
2IIVKRUHUHQHZDEOHHQHUJ\FRQWDFWQXPEHU
HPDLOLQIROLQH#PFJDJRYXN
RQOLQHZZZPFJDJRYXN

0&$:DOHVDQG:HVWRI(QJODQG5HJLRQDO2IILFH
7XWW+HDG
0XPEOHV
6ZDQVHD
&RXQW\RI6ZDQVHD
6$+:
7HO
)D[

0&$(DVWRI(QJODQG5HJLRQDO2IILFH
+XPEHU056&
/LPHNLOQ/DQH
%ULGOLQJWRQ
<2/;
7HO
)D[

0&$6FRWODQGDQG1RUWKHUQ,UHODQG5HJLRQDO2IILFH
0DULQH+RXVH
%ODLNLHV4XD\
$EHUGHHQ
$%(=
7HO
)D[


*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

,QWHUQDWLRQDO0DULWLPH2UJDQL]DWLRQ,02
2IILFLDO+HDGTXDUWHUVDGGUHVV
$OEHUW(PEDQNPHQW
/RQGRQ
6(65
8QLWHG.LQJGRP
7HO
)D[
RQOLQHZZZLPRRUJ

(QYLURQPHQW$JHQF\($
1DWLRQDO&XVWRPHU&RQWDFW&HQWUH
32%R[
5RWKHUKDP
6%<
*HQHUDO(QTXLULHV0RQ)UL
,QFLGHQWKRWOLQH)UHHSKRQH +RXU
HPDLOHQTXLULHV#HQYLURQPHQWDJHQF\JRYXN
2QOLQHZZZHQYLURQPHQWDJHQF\JRYXN

6FRWWLVK(QYLURQPHQWDO3URWHFWLRQ$JHQF\6(3$
6(3$&RUSRUDWH2IILFH
(UVNLQH&RXUW
&DVWOH%XVLQHVV3DUN
67,5/,1*
).75
7HO
)D[
RQOLQHZZZVHSDRUJXN

2IILFHRI3XEOLF6HFWRU,QIRUPDWLRQ
3URYLGHVUHFRUGVRIDOO/HJLVODWLRQ$FWV6WDWXWRU\,QVWUXPHQWVHWFEDFNWR

ZZZRSVLJRYXN

,QVWLWXWHRI2FFXSDWLRQDO6DIHW\ +HDOWK,26+
7KH*UDQJH+LJKILHOG'ULYH:LJVWRQ/HLFHVWHUVKLUH/(118.
7HO
)D[
RQOLQHZZZLRVKFRXN

,26+ SUDFWLWLRQHUV FDQ EH FRQWDFWHG YLD WKH ,26+ 5HJLVWHU RI &RQVXOWDQF\
6HUYLFHV

%ULWLVK6WDQGDUGV,QVWLWXWH%6,
&KLVZLFN+LJK5RDG
/RQGRQ
:$/
7HOHSKRQH
)D[
RQOLQHZZZEVLJOREDOFRP



*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

,QVWLWXWHRI0DULQH(QJLQHHULQJ6FLHQFHDQG7HFKQRORJ\
&ROHPDQ6WUHHW
/RQGRQ
(&5%-
7HO
)D[
RQOLQHZZZLPDUHVWRUJ

(XURSHDQ0DULQH(QHUJ\&HQWUH(0(&
2OG$FDGHP\
%DFN5RDG
6WURPQHVV
2UNQH\.:$:
7HO
HPDLOLQIR#HPHFRUJXN
RQOLQHZZZHPHFRUJXN

%ULWLVK:LQG(QHUJ\$VVRFLDWLRQ%:($
5HQHZDEOH(QHUJ\+RXVH
$]WHF5RZ
%HUQHUV5RDG
/RQGRQ
13:
7HO
)D[
HPDLOLQIR#EZHDFRP
RQOLQHZZZEZHDFRP