Νόμοι — ΦΕΚ A' 87/2015

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, ;21:4(35(,9 21; (-$5)$/!<106$, ';0μ(, 5:(6,.30 5;μ)80,30 24156$6(#106$, .$6//+/$, 241.(,μ01; 0$ (μ21'!<106$, 6$ (- 9: $) + μ(6$%!%$5+ 680 2(4,1;5,$.30 561,:(!80 μ( 6$ 121!$ (!0$, (-$5)$/,5μ0+ + ;21:485+, (.6"9 $0 μ(6$%,%<106$, (2!5+9 + (0 /"8 ;21:485+ .$, 61 ")(/19 6+9 (-$5)/,5+9, %) + μ(6$%!%$5+ μ,$9 (-$5)$/,5μ0+9 ;21:485+9, (.6"9 $0 μ(6$%,%<(6$, (2!5+9 .$, 61 ")(/19 6+9 (-$5)/,5+9, ) + μ(6$%!%$5+ 61; 1)/1;9 6+9 (-$5)/,5+9, (.6"9 $0 μ(6$%,%<(6$, (2!5+9 + (-$5)$/,5μ0+ ;21:485+, ') + 6412121!+5+ + .$6$(/!$ μ,$9 5;μ)80!$9 (-$5)/,5+9, μ58 6+9 5.+5+9 (2,.1;4,.30 (-1;5,30, $0 61 $216/(5μ$ 6+9 (0 /"*8 6412121!+5+9 .$6$(/!$9 (!0$, "6, + ;21:485+ 2$#(, 0$ (!0$, (-$5)$/,5μ0+. 2. 0(-$46 689 6+9 2$4$4)1; 1, .$, "6$0 $;6" (!0$, $0$.$!1 241.(,μ01; 0$ ',$5)$/,57(! + 24"5%$5+ 56,9 (;+μ0(9 .$6$75(,9, + $4: (-;*!$05+9 μ214(!: $) 0$ μ(6$%,%<(, 6,9 (;+μ0(9 .$6$75(,9 21; $216(/1#0 μ419 680 5;μ)80,30 6+9 2$4$4)1; 1 :84!9 0$ μ(6$%,%<(, //$ 2(4,1;5,$. 561,:(!$, ',.$,3μ$6$ ;21:4(35(,9 21; $216(/1#0 μ419 6+9 !',$9 5;μ)80!$9, .$, %) 0$ μ(6$%,%<(,, 0$ 6412121,(! 0$ .$6$//(,, .$6 2(4!2685+, 6$ (0 /"8 2(4,1;5,$. 561,:(!$, ',.$,3μ$6$ ;21:4(35(,9 :84!9 0$ μ(6$%,%<(, 6,9 (;+μ0(9 .$6$75(,9. 252/ 79 2/34"3" 46. 39μ'6.1. %/μ)μ.)7 82)μ"4/% 4)3)7 ," 46. ,"-9μμ.6. /μ/-/(*1. (252/ 79 4)7 %)("7 2014/59/)

, 5;μ)80!(9 '1μ+μ0+9 :4+μ$61'"6+5+9 (structured finance arrangements), 2(4,/$μ%$01μ080 680 5;μ)80,30 21; $0$)4106$, 56,9 2(4,2635(,9 ( .$, 56 6+9 2$4$4)1; 2 61; 4741; 76 24156$6(#106$, .$6//+/$, 241.(,μ01; 0$ (μ21'!<(6$,: $) + μ(6$%!%$5+ 14,5μ080 μ"01 $// ":, "/80 680 2(4,1;5,$.30 561,:(!80, ',.$,8μ680 .$, ;21:4(35(80 21; 5;0,561#0 561,:(!$ $216(/1#0 $06,.(!μ(01 6+9 5;μ)80!$9 '1μ+μ0+9 :4+μ$61'"6+5+9 μ419 $;6 9, 5;μ2(4,/$μ%$01μ080 680 5;μ)80,30 21; $0$)41 5;μ%$//"μ(01 μ419, %) + .$6$(/!$ + 6412121!+5+, μ58 6+9 5.+5+9 680 (2,.1;4,.30 (-1;5,30 61; 4741; 64, 680 2(4,1;5,$.30 561,:(!80, ',.$,8μ680 .$, ;21:4(35(80 21; 5;0,561#0 $216(/1#0 μ419 μ,$9 5;μ)80!$9 '1μ+μ0+9 :4+μ$61'"6+5+9, 2(4,/$μ%$01μ080 680 5;μ)80,30 21; $0$)4106$, 56,9 2(4,2635(,9 ( .$, 56 6+9 2$4$4)1; 2 61; 4741; 76, 56+0 121!$ 61 !'4;μ$ ;2" (-;!$05+ (!0$, 5;μ%$//"μ(01 μ419. 2. 0(-$46 689 6+9 2$4$4)1; 1, .$, "6$0 $;6" (!0$, $0$.$!1 241.(,μ01; 0$ ',$5)$/,56(! + 24"5%$5+ 56,9 (;+μ0(9 .$6$75(,9, + $4: (-;!$05+9 μ214(!: $) 0$ μ(6$%,%<(, 6,9 (;+μ0(9 .$6$75(,9 21; $216(/1#0 μ419 680 5;μ)80,30 6+9 2$4$*4)1; 1 :84!9 0$ μ(6$%,%<(, //$ 2(4,1;5,$. 561,:(!$, ',.$,3μ$6$ ;21:4(35(,9 21; $216(/1#0 μ419 6+9 !',$9 5;μ)80!$9, .$, %) 0$ μ(6$%,%<(,, 0$ 6412121,(! 0$ .$6$//(,, .$6 2(4!2685+, 6$ (0 /"8 2(4,1;5,$. 561,:(!$, 6$ ',.$,3μ$6$ ;21:4(35(,9 :84!9 0$ μ(6$%,%<(, 6,9 (;+μ0(9 .$6$75(,9. 252/ 80 &4"##3&7 &. μ2&: 02/34"3" 46. 3934)μ46. %"02"(μ4&93)7, &,,"523)7 ," %","./.*3μ/! (252/ 80 4)7 %)("7 2014/59/)

()$4μ1 680 μ6480 (-;!$05+9 '(0 (2+4(<(, 6+ /(,61;4!$ .$, 61;9 .$0"0(9 680 5;56+μ680 21; 241%/2106$, $2" 610 0. 2789/2000, 5( 2(4!2685+ 21; + $) μ(6$%,%<(, 14,5μ0$ $// ":, "/$ 6$ 2(4,1;5,$. 561,:(!$, ',.$,3μ$6$ ;21:4(35(,9 (0"9 ,'4#μ$619 ;2" (-;!$05+ 5( //+ 106"6+6$, %) .0(, :4 5+ 680 (-1;5,30 %5(, 61; 4741; 64 ,$ 6+0 $.#485+ 6+0 6412121!+5+ 680 4+6430 μ,$9 5#μ%$5+9 56+0 121!$ (!0$, 5;μ%$//"μ(01 μ419 61 !'4;μ$ ;2" (-;!$05+ *,$ 0$ 61 ;21.$6$56 5(, μ( 610 $21'.6+ 89 5;μ%$//"μ(01 μ419.

,',."6(4$, μ( 6+ μ(6$%!%$5+, $.#485+ 6412121!+5+ 21; $0$)4106$, 56+0 2$44$)1 1 '(0 μ214(! 0$ $0$./+7(! (061/ μ(6$%!%$5+9, .$6 2$4%$5+ 61; 4741; 3 61; 0. 2789/2000, 1#6( 6412121,(!6$, $0$,4(!6$, 61 (.6(/(56" 680 (061/30 μ(6$%!%$5+9 .$, 61; 5;μ&+),5μ1#, "289 $2$,6(!6$, %5(, 61; 4741; $;61#, + :4+5,μ121!+5+ .()$/$!80, $-,14)80 2,5686,.30 ',(;.1/#05(80 "289 $2$,6(!6$, %5(, 61; 4741; 4 61;

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1 ',1,.+6,." 5;μ%1#/,1 (0"9 ,'4#μ$619 μ,$9 106"6+6$9 21; $0$)4(6$, 56+0 2(4!2685+ %, * ' 6+9 2$4$4)1; 1 61; 4741; 1 (0+μ(430(, μ(5$ 6+0 $4μ"',$ $4: , "6$0 .4!0(, "6, 61 (0 /"8 !'4;μ$ + 106"6+6$ (!0$, 5( .$656$5+ $)(4(;"6+6$9 (2$2(,/1#μ(0+9 $)(4(;"6+6$9 .$6 6+0 001,$ 6+9 2$4$*4)1; 3 61; 4741; 32.

$4μ"',$ $4: (0+μ(430(, 6+0 1,.(!$ $4: (-;!$05+9 ,$ .7( .1,0121!+5+ 21; /$μ%0(, 5#μ)80$ μ( 6+0 2$44$)1 1, .$739 .$, ,$ .7( μ641 24"/+&+9 .4!5(80 .7( '45+ 61; 4741; 96 61; 0. 4261/2014, 21; + !',$ $2$,6(! 0$ /%(, 61 !'4;μ$ + 106"6+6$ 21; $0$)4(6$, 56+0 2(4!2685+ %, * ' 6+9 2$4$4)1; 1 61; 4741; 1. 3. 0 μ,$ $4μ"',$ $4: $4: (-;!$05+9 ',$2,5635(, "6, 2/+41#06$, 1, 241>2175(,9 680 2(4,2635(80 $ .$, % 6+9 2$4$4)1; 1 61; 4741; 32 5:(6,. μ( - 0$ !'4;μ$ μ,$ 106"6+6$ 21; $0$)4(6$, 56+0 2(4!2685+ %, * ' 6+9 2$4$4)1; 1 61; 4741; 1, (0+μ(430(, :84!9 .$7;564+5+ 6,9 $."/1;7(9 $4:9, $0 24".(,6$, ,$ ',$)14(6,.9 $4:9: $) 6+0 $4: (-;!$05+9 61; ,'4#μ$619 6+9 106"6+6$9 21; $0$)4(6$, 56+0 2(4!2685+ %, * ' 6+9 2$4$4)1; 1 61; 4741; 1, %) 6+0 $4μ"',$ $4: 61; ,'4#μ$619 6+9 106"6+6$9 21; $0$)4(6$, 56+0 2(4!2685+ %, * ' 6+9 2$4$4)1; 1 61; 4741; 1, ) 6+0 $4μ"',$ $4: .7( ;21.$6$56 μ$619 61; ,'4#μ$619 6+9 106"6+6$9 21; $0$)4(6$, 56+0 2(4!2685+ %, * ' 6+9 2$4$4)1; 1 61; 4741; 1, ') 6+0 $4: (-;!$05+9 .7( ;21.$6$56 μ$619 61; ,'4#μ$619 6+9 106"6+6$9 21; $0$)4(6$, 56+0 2(4!2685+ %, * ' 6+9 2$4$4)1; 1 61; 4741; 1, () 6+0 42(<$ 6+9 //'19 89 .(064,. 642(<$, 56) 61 ...., ()"510 (!0$, $0$.$!1 ,$ 0$ 6+0 (.2/ 485+ 680 ;21:4(35(30 61;, <) 61 $μ(!1 -;!$05+9, ()"510 $;6" (!0$, $0$.$!1 ,$ 6+0 (2,6/(5+ 6+9 /(,61;4!$9 680 :4+μ$61'16,.30 4;7μ!5(80 (-;!$05+9, +) $0/1$ μ( 6+0 2(4!2685+, 6+0 $4: (-;!$05+9 5( (2!2('1 1μ!/1;, 7) 61 21;4(!1 ,.101μ,.30, ,) 6+0 $4: (0121,+μ0+9 (2126(!$9, $0 61 !'4;μ$ + 106"6+6$ 21; $0$)4(6$, 56+0 2(4!2685+ %, * ' 6+9 2$4$4)1; 1 61; 4741; 1 ;2".(,6$, 5( (2126(!$ 5( (0121,+μ0+ %5+, 5#μ)80$ μ( 6$ 474$ 104 89 120 61; 0. 4261/2014, .$, ,$) 61 .$, 6+0 42(<$ 6+9 //'19, 89 $4: μ$.41241/+26,. 9 (2126(!$9. 252/ 82 "%,"34,7 90/82&13&7 46. "281. &+9(".3)7 (252" 82 ," 83 4)7 %)("7 2014/59/)

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/+ 61; 3μ$619 4:30 -;!$05+9 (!0$,: $) + $4: (-;!$05+9 5( (2!2('1 1μ!/1;, %) 1, $4:9 (-;!$05+9 680 .4$630 - μ(/30 56$ 121!$ (!0$, (.$6(56+μ0(9 1, 7;$64,.9 21; .$/#26106$, $2" (0121,+μ0+ (2126(!$, ) 1, $4:9 (-;!$05+9 680 .4$630 - μ(/30 56$ 121!$ (!0$, (.$6(56+μ0+ μ+64,. (2,:(!4+5+ (0"9 2(4,5516480 ,'4;μ680 61; 1μ!/1;, '+/$' μ,$ 106"6+6$ 6+9 2(4!2685+9 ' 6+9 2$4$4)1; 1 61; 4741; 1, ') 1, $4:9 (-;!$05+9 680 .4$630 - μ(/30 "21; (!0$, (.$6(56+μ0$ 5+μ$06,. ;21.$6$56 μ$6$, () + $4: (0121,+μ0+9 (2126(!$9 .$, 1, $4μ"',(9 $4:9 680 .4$630 - μ(/30, ()"510 + $4: (-;!$05+9 $;630 680 .4$630 - μ(/30 (!0$, (2!5+9 μ/19 61; 3μ$619 4:30 -;!$05+9. 6$0 + $4μ"',$ $4: .461;9 μ/1;9 '(0 (!0$, + .(064,. 642(<$ 61; .461;9 μ/1;9 $;61#, + $4μ"',$ $4: μ214(! 0$ $21)$5!5(, 0$ 5;01'(#(6$, $2" (.24"5821 6+9 .(064,. 9 642(<$9 61; 5:(6,.1# .461;9 - μ/1;9, 56) 61 21;4(!1 ,.101μ,.30 .$, 6$ $4μ"',$ ;21;4(!$ 5( 2(4!2685+ 21; '(0 μ(6:1;0 '+ 561 3μ$ 4:30 -;!$05+9 ;2" 6+0 ,',"6+6$ 6+9 $4: 9 (-;!$05+9, <) + '+μ"5,$ $4: 21; (!0$, ;2(#7;0+ ,$ 6$ 5;56 μ$6$ (#+5+9 .$6$75(80 (0"9 .461;9 - μ/1;9, ()"510 + $4: (-;!$05+9 $;61# 61; .461;9 - μ/1;9 (!0$, (2!5+9 μ/19 61; 3μ$619 4:30 -;!$05+9, +) + , + 121!$ 2$4!56$6$, :84!9 ',.$!8μ$ & )1;.

, $4:9 (-;!$05+9 64!680 :8430, 56,9 121!(9 μ,$ μ+64,. (2,:(!4+5+ !'4;μ$ (.$6(56+μ01 56+0 .. :(, 7;$64,. ;21.$656+μ$ 21; 7$ 7(84(!61 5+μ$06,." $0 6$0 (.$6(56+μ01 56+0 ..,, μ2141#0, .$6"2,0 5:(6,.1# $,6 μ$6"9 61;9, 0$ 5;μμ(6:1;0 561 3μ$ 4:30 -;!$05+9 89 2$4$6+4+69, ;2" 6+0 241>2"7(5+ "6,, .$6 6+ 03μ+ 6+9 $4: 9 (-;*!$05+9 5( (2!2('1 1μ!/1;, ;2".(,06$, 5( ,51'#0$μ(9 $2$,6 5(,9 (μ2,56(;6,."6+6$9 μ( (.(!0(9 21; .$714!<106$, 561 4741 94.

$4: (-;!$05+9 5( (2!2('1 1μ!/1; 241('4(#(, 61; 3μ$619 4:30 -;!$05+9. ( $;6 0 6+0 ,',"6+6$: $) 7(52!<(, 4$269 4;7μ!5(,9 .$, ',$',.$5!(9 ,$ 6+ /(,61;4!$ 61; 3μ$619 4:30 -;!$05+9, μ(6 $2" ',$%1#/(;5+ μ( 6$ /1,2 μ/+ 61; 3μ$619 4:30 -;!$05+9, %) 5;0610!<(, "/(9 6,9 '4$56+4,"6+6(9 61; 3μ$619 4:30 -;!$05+9, ) 5;.$/(! "/(9 6,9 5;0('4,5(,9 61; 3μ$619 4:30 -;!$05+9, 241('4(#(, 680 5;0('4,5(80 $;630 .$, (0+μ(430(, 2/ 489, (. 680 2416480, "/$ 6$ μ/+ 61; 3μ$619 4:30 -;!$05+9 5:(6,. μ( 6+ ',14085+ 680 5;0('4,5(80, 6$ .#4,$ 7μ$6$ 2419 5;< 6+5+ .$, 6$ 7μ$6$ 2419 (-6$5+, ') .1,0121,(! 56$ μ/+ 61; 3μ$619 4:30 -;!$05+9 6,9 2414$μμ$6,5μ0(9 5;0('4,5(,9, 356( 0$ - :1;0 6+ ';0$6"6+6$ 0$ <+6 51;0 0$ 5;μμ(65:1;0, () $21)$5!<(, 21,$ μ/+ .$, 2$4$6+4+69 2415.$/1#06$, 0$ 2$4(;4(71#0 5( 5;.(.4,μ0(9 5;0('4,5(,9 61; 3μ$619 4:30 -;!$05+9, ()"510 ;24:(, (,',. $0.+ 2419 61#61, /$μ%0106$9 ;2"&+ 6+ 5+μ$5!$ 21; :(, ,$ 6$ (0 /"8 μ/+ .$, 2$4$6+4+69 61 7μ$ . .46+ - μ/+ 56) (0+μ(430(, (.$!489 "/$ 6$ μ/+ 61; 3μ$619 5:(6,. μ( 6,9 $21)5(,9 .$, 6$ $216(/5μ$6$ $;630 680 5;0('4,5(80. $ μ/+ 21; 5;μμ(6:1;0 561 3μ$ 4:30 -;!$05+9 5;0(4<106$, 56(0. ( 6+0 (2,)#/$-+ 6+9 2(4!2685+9 (, 1, $4:9 (-;!$05+9 :1;0 ',.$!8μ$ 5;μμ(61: 9 56,9 5;0('4,5(,9 61; 3μ$619 4:30 -;!$05+9 ()"510 + +μ(4 5,$ ',6$-+ 2(4,/$μ%0(, 7μ$6$ ,$ 6$ 121!$ 241%/2(6$, + / &+ .1,0 9 $2")$5+9 $)141#0 106"6+6$ 1μ!/1; 21; %4!5.(6$, 561 .4619 - μ/19 61;9.

$4: (-;!$05+9 5( (2!2('1 1μ!/1; '(0 ;21:4(1#6$, 0$ 5;.416(! 3μ$ 4:30 -;!$05+9, (0 1, /(,61;4!(9 .$, 6$ .$7 .106$ 21; .$714!<106$, 561 2$4"0 4741 (2,6(/1#06$, .$, $5.1#06$, 561 2/$!5,1 //80 1μ'80 58μ680 21; 2/+41#0 "/(9 6,9 241>2175(,9 .$, 6+41#0 "/(9 6,9 ',$',.$5!(9, 5;μ2(4,/$μ%$01μ080 "580 $)141#0 6+0 ,',"6+6$ μ/1;9 .$, 6+ 5;μμ(61: 5( 3μ$6$ 4:30 -;!$05+9, 5#μ)80$ μ( 61 2$4"0 4741 .$, 61 4741 87. 6+0 2(4!2685+ $;6 , .7( $0$)14 5( 3μ$6$ 4:30 -;!$05+9 5610 2$4"06$ 0"μ1 /1*!<(6$, 89 $0$)14 5( $;69 6,9 //(9 1μ'(9 5( $;6 6$ //$ 53μ$6$. 252/ 86 9260":, 1μ"4" 281. +9(".3)7 (252/ 89 4)7 %)("7 2014/59/)

( 2(4!2685+ 21; !'4;μ$ 64!6+9 :34$9 μ+64,. (2,:(!4+5+ 64!6+9 :34$9 :(, 7;$64,. ,'4#μ$6$ ;21.$6$56 μ$6$ 5( '#1 2(4,55"6(4$ .46+ - μ/+ 6$ 121!$ 7(841#06$, 5+μ$06,., 1, $4:9 (-;!$05+9 680 (μ2/(."μ(080 .4$630 - μ(/30 5;.4161#0 ;482$=." 3μ$ 4:30 -;!$05+9.

1 ;482$=." 3μ$ 4:30 -;!$05+9 (.6(/(! 6,9 /(,61;4!(9 .$, 6$ .$7 .106$ 21; .$714!<106$, 561 4741 85 "510 $)14 6$ 7;$64,. ,'4#μ$6$, .$739 .$, 6$ ;21.$6$56 μ$6$, ()"510 6$ (0 /"8 .$7 .106$ 5:(6!<106$, μ( $;6. 3. 0 6$ 7;$64,. ,'4#μ$6$ 64!6+9 :34$9 6$ 5+μ$06,. ;21.$6$56 μ$6$ $0 .1;0 5( :4+μ$61'16,. (6$,4(!$ 5;μμ(61:30 21; (!0$, (.$6(56+μ0+ 56+0 .., 5#μ)80$ μ( 6+0 2$4*4$)1 5 61; 4741; 61;

4261/2014, 561 ;482$=." 3μ$ 4:30 -;!$05+9 241('4(#(, + $4: (-;!$05+9 61; .461;9 μ/1;9 "21; %4!5.(6$, + $4: (0121,+μ0+9 (2126(!$9 %5(, 61; (0 /"8 0"μ1;. ( .7( //+ 2(4!2685+, 1 24"('419 (2,/(6$, $2" 6$ μ/+ 61; ;482$=.1# 3μ$619 4:30 -;*!$05+9.

( 5;μ)80!$ "/80 680 (0',$)(41μ080 μ(430, + ;21:485+ 5;.4"6+5+9 ;482$=.1# 3μ$619 4:30 -;!$05+9 '#0$6$, 0$ $47(!, (0 1, /(,61;4!(9 .$, 6$ .$7 .106$ 21; .$714!<106$, 561 2$4"0 4741 (.6(/1#06$, 561 2/$!5,1 //80 1μ'80 58μ680, 5;μ2(4,/$μ%$01μ01; 3μ$619 4:30 -;!$05+9 5;56$70619 ';0μ(, 61; 4741; 85, 6$ 121!$ 2/+41#0 "/(9 6,9 241>2175(,9 .$, 6+41#0 "/(9 6,9 ',$',.$5!(9, 5;μ2(4,/$μ%$01μ080 "580 $)141#0 6+0 ,',"6+6$ μ/1;9 .$, 6+ 5;μμ(61: 5( ;482$=. 3μ$6$ 4:30 -;*!$05+9 1, 121!(9 241%/2106$, 561 2$4"0 4741 .$, 561 4741

6+0 2(4!2685+ $;6 , .7( $0$)14 5( ;482$=. 3μ$6$ 4:30 -;!$05+9 5610 2$4"06$ 0"μ1 /1!<(6$, 89 $0$)14 5( $;69 6,9 //(9 1μ'(9 53μ$6$.

( 6+0 (2,)#/$-+ 680 2$4$4)80 3 .$, 4 561 ;482$=." 3μ$ 4:30 -;!$05+9 ()$4μ"<106$, 1, ',$6-(,9 61; 4741; 85. 252/ 87 .4"--"( 0-)2/'/2*1. (252/ 90 4)7 %)("7 2014/59/)

( 6+0 (2,)#/$-+ 61; 4741; 83, 1, $4:9 (-;!$05+9 .$, 1, $4μ"',(9 $4:9, .$6"2,0 $,6 μ$619, ',$%,%<1;0 μ(6$-# 61;9 "/(9 6,9 $0$.$!(9 2/+41)14!(9 *,$ 6+0 5.+5+ 680 .$7+."0680 61;9 ';0μ(, 61; 2$4"0619 0"μ1;.

$4: (-;!$05+9 1μ!/1; 5;0610!<(, 6+ 41 "/80 680 5:(6,.30 2/+41)14,30 μ(6$-# 680 $4:30 (-;!$05+9. ,',."6(4$, ',$%,%<(, (.$!489 56,9 $4:9 (-;!$05+9 56$ //$ .46+ - μ/+ "/(9 6,9 5:(6,.9 2/+41)14!(9, 241.(,μ01; 0$ ',(;.1/#0(, 6+0 5.+5+ 680 .$7+."0680 21; $0$)4106$, 56,9 2(4,2635(,9 % 89 7 61; '(;641; ('$)!1; 6+9 2$4$4)1; 1 61; 4741; 88. 3. 0 <+6+71#0 2/+41)14!(9 6,9 121!(9 :(, 2$45:(, μ,$ $4: (-;!$05+9 64!6+9 :34$9, + $4: (-;!$05+9 <+6 6+ 5;0$!0(5+ 6+9 $4: 9 (-;!$05+9 64!6+9 :34$9 ,$ 6+0 2(4$,648 ',$%!%$5 61;9. $4: (-;!$05+9 '(0 ',$%,%<(, 2/+41)14!(9 21; 2$4$5:7+.$0 $2" $4: (-;!$05+9 64!6+9 :34$9, $0 + $4: (-;!$05+9 64!6+9 :34$9 '(0 :(, 5;0$,05(, 56+0 2(4$,648 ',$%!%$5 61;9.

$4: (-;!$05+9 $06$//55(, 2/+41)"4+5+ μ( 61 $4μ"',1 21;4(!1 "6$0 24".(,6$, ,$ $2")$5+ < - 6+μ$ 21; $2$,6(! .1,0121!+5+, ',$%1#/(;5+ 5;.$67(5+ 61; $4μ"',1; ;21;4(!1; (0':(6$, 0$ :(, (2!2685+ 56$ '+μ"5,$ 1,.101μ,.. 252/ 88 +9(".3) /μ-/9 34). /0/" &μ0-,&4" 59("42, &08&2)3) 4/9 /μ-/9 (252/ 91 4)7 %)("7 2014/59/)

6$0 + $4: (-;!$05+9 $21)$5!<(, "6, 0$ !'4;μ$ μ,$ 106"6+6$ 21; $0$)4(6$, 56,9 2(4,2635(,9 %, * ' 6+9 2$4$4)1; 1 61; 4741; 1, 21; (!0$, 7;$64,. (2,:(!4+5+ (0"9 1μ!/1;, 2/+41! 6,9 241>2175(,9 680 47480 32 33, .1,0121,(!, :84!9 .$7;564+5+, 6,9 $."/1;7(9 2/+41)14!(9 56+0 $4: (-;!$05+9 5( (2!2('1 1μ!/1;, (0 24".(,6$, ,$ ',$)14(6,. $4: , 56+0 $4: (0121,+μ0+9 (2126(!$9 .$, 56$ μ/+ 61; 3μ$619 4:30 -;!$05+9: $) 6+0 $2")$5+ "6, 61 (0 /"8 !'4;μ$ + (0 /"8 106"6+6$ 2/+41! 6,9 241>2175(,9 680 47480 32 33, .$, %) 6,9 (04(,(9 (-;!$05+9 6$ μ64$ 561 2/$!5,1 680 5;0 780 ',$',.$5,30 $)(4(;"6+6$9 6$ 121!$ .4!0(, .$6//+/$ ,$ 61 (0 /"8 !'4;μ$ 6+0 106"6+6$.

"/,9 /%(, 6+0 .1,0121!+5+ 6+9 2$4$4)1; 1, + $4: (-;!$05+9 5( (2!2('1 1μ!/1;, μ(6 $2" ',$%1#/(;5+ μ( 6$ //$ μ/+ 61; 3μ$619 4:30 -;!$05+9, 241%$!0(, 5( $-,1/"+5+ 680 2,7$030 (2,2635(80 680 (0(4(,30 (-;!$05+9, 680 //80 μ6480 21; :1;0 .1,0121,+7(! 5610 "μ,/1 .$, 56,9 106"6+6(9 61; 1μ!/1; 5( //$ .46+ - μ/+, .$, (,',."6(4$ $-,1/1(! .$6 2" μ!$ 106"6+6$ 61; 1μ!/1; 5( //1 .4619 - μ/19. 3. 0 + $4: (-;!$05+9 5( (2!2('1 1μ!/1;, μ(6 $2" ',$%1#/(;5+ μ( 6$ //$ μ/+ 61; 3μ$619 4:30 -;!$05+9, $-,1/1 5(, "6, 1, (04(,(9 (-;!$05+9 6$ //$ μ64$ 21; .1,0121, 7+.$0 5#μ)80$ μ( 6+0 2(4!2685+ % 6+9 2$4$4)1; 1: $) '(0 7$ (.2/ 480$0 6,9 241>2175(,9 680 47480 32 33 5( 5:5+ μ( μ,$ 106"6+6$ 61; 1μ!/1; 5( //1 .4619 - μ/19, 1, (0 /"8 (04(,(9 .$, μ64$ μ2141#0 0$ /+)71#0 $2" 6+0 $4: (-;!$05+9 21; (!0$, $4μ"',$ ,$ 61 (0 /"8 !'4;μ$ 6+0 106"6+6$ 21; $0$)4(6$, 56,9 2(4,2635(,9 %, * ' 6+9 2$4$4)1; 1 61; 4741; 1 %) 2,7$039 (.2/+4301;0 6,9 241>2175(,9 680 47480 32 33 5( 5:5+ μ( μ,$ 106"6+6$ 61; 1μ!/1; 5( //1 .4619 - μ/19, 61 $4"6(41 (06"9 24 8430 $2" 6+0 2$4$/$% 6+9 .1,0121!+5+9 %5(, 6+9 2$4$4)1; 1 2416(!0(, 2414μμ$6$ (-;!$05+9 1μ!/1; .$, ;21%//(, 6+0 24"6$5+ 561 3μ$ 4:30 -;!$05+9. (,.15,6(6484+ $;6 2417(5μ!$ μ214(! 0$ 2$4$6$7(! μ( 6+ 5;0$!0(5+ 6+9 $4: 9 (-;*!$05+9 21; 241%+ 56+0 .1,0121!+5+.

)"510 '(0 ',(0(4+7(! $-,1/"+5+ (. μ41;9 6+9 $4: 9 (-;!$05+9 5( (2!2('1 1μ!/1; (06"9 24 8430 μ(6 6+ / &+ 6+9 .1,0121!+5+9 21; $0$)4(6$, 56+0 2$44$)1 1, (06"9 6+9 μ($/#6(4+9 2417(5μ!$9 21; - :(, 6;:"0 5;μ)80+7(!, + $4: (-;!$05+9 21; 241%+ 56+0 .1,0121!+5+ μ214(! 0$ 241%(! 5( (04(,(9 (-;!$05+9 0$ /%(, 6$ //$ μ64$ 21; .1,0121!+5(.

1 2414$μμ$ (-;!$05+9 1μ!/1; 6+9 2$4$4)1; 4: $) /$μ%0(, ;2"&+ .$, $.1/1;7(! 6$ 5:',$ (-;!$05+9 61; 4741; 21, (.6"9 (0 1, $4:9 (-;!$05+9 $-,1/11#0, /$μ%0106$9 ;2"&+ 6,9 5;.(.4,μ0(9 2(4,565(,9, "6, 1, 56":1, (-;!$05+9 7$ (2,6(;:71#0 $216(/(5μ$6,."6(4$ (0 $0$/+)71#0 '45(,9 21; '(0 - :1;0 241%/()7(! 56$ 5:',$ (-;!$05+9, %) .$6$4)(, 6,9 (04(,(9 (-;!$05+9 56,9 121!(9 7$ 242(, 0$ 241%1#0 1, (μ2/(."μ(0(9 $4:9 (-;!$05+9 5( 5:5+ μ( 6+ μ+64,. (2,:(!4+5+ 6+9 E.E. 5;.(.4,μ0(9 106"6+6(9 61; 1μ!/1;, μ( 5.12" 6+0 (2!6(;-+ 680 56":80 .$, 680 $4:30 6+9 (-;!$05+9 "289 .$714!<106$, 56$ 474$ 31 .$, 34, ) .$714!<(, 610 64"21 5;0610,5μ1# 680 (0 /"8 (0(4(,30 (-;!$05+9, .$, ') .$7,(430(, 5:',1 :4+μ$61'"6+5+9, 61 121!1 /$μ%0(, ;2"&+ 61 5:',1 (-;!$05+9 61; 1μ!/1;, 6,9 $4:9 (2,μ(4,5μ1# 6+9 (;7#0+9, "289 .$714!<106$, 5#μ)80$ μ( 6+0 2(4!2685+ 56) 6+9 2$4$4)1; 3 61; 4741; 20, .$, 6+0 $//+/;$ :4 5+ 680 (70,.30 6$μ(!80 (-;!$05+9 5#μ)80$ μ( 61 4741 102.

( 6+0 (2,)#/$-+ 6+9 2$4$4)1; 7, 61 24"4$μμ$ (-;!$05+9 1μ!/1; /$μ%0(, 6+ μ14) .1,0 9 $2")$5+9 6+9 $4: 9 (-;!$05+9 5( (2!2('1 1μ!/1; .$, 680 $4:30 (-;!$05+9 680 7;$64,.30 21; .$/#26106$, $2" 61 24"4$μμ$ (-;!$05+9 1μ!/1;. $4: (-;!$05+9 μ214(! 0$ <+6 5(, $2" 6+0 . .. 0$ 5;0'4μ(, 6,9 $4:9 (-;!$05+9 56+ / &+ .1,0 9 $2")$5+9, 5#μ)80$ μ( 61 561,:(!1 * 61; 4741; 31 61; $010,5μ1# () $4,7μ. 1093/2010. 7. 0 + $4: (-;!$05+9 ',$)80 5(, μ( $21:84 5(, $2" 61 24"4$μμ$ (-;!$05+9 1μ!/1; 21; 2416(!0(6$, $2" 6+0 $4: (-;!$05+9 5( (2!2('1 1μ!/1; .4!0(, "6, :4(,<(6$, 0$ 241%(! 5( $0(-46+6(9 (04(,(9 (-;!$05+9 0$ /%(, //$ μ64$ $2" $;6 21; 2416(!0106$, 561 24"4$μμ$ 5( 5:5+ μ( 0$ !'4;μ$ μ,$ 106"6+6$ 21; $0$)4(6$, 56,9 2(4,2635(,9 %, * ' 6+9 2$4$4)1; 1 61; 4741; 1 ,$ /"1;9 :4+μ$612,5686,. 9 56$7(4"6+6$9, (.76(, /(261μ(439 61;9 /"1;9 6+9 ',$)80!$9 6+9 61;9 /"1;9 21; 5;06/(5$0 56+0 $21:34+5 6+9, 61;9 .1,0121,(! 56+ $4: (-;!$05+9 5( (2!2('1 1μ!/1; .$, 56,9 /1,29 $4:9 (-;!$05+9 21; .$/#26106$, $2" 61 24"4$μμ$ (-;!$05+9 1μ!/1;, .$, 6,9 (0+μ(430(, ,$ 6,9 (04(,(9 6$ μ64$ 21; 2416!7(6$, 0$ /%(,. $4: (-;!$05+9, "6$0 (.76(, 61;9 /"1;9 6+9 ',$)80!$9 6+9, /$μ%0(, '("0689 ;2"&+ 6$ 5:',$ (-;!$05+9 61; 4741; 21, 6,9 2,7$09 (2,2635(,9 56+ :4+μ$612,5686,. 56$7(4"6+6$ 680 (μ2/(."μ(080 .4$630 - μ(/30, .$739 .$, 6,9 ';0+6,.9 (2,'45(,9 680 (0(4(,30 56$ ;2"/1,2$ 6μ μ$6$ 61; 1μ!/1;.

, $4:9 (-;!$05+9 21; '(0 :1;0 (.)45(, ',$)80!$ 5( 5:5+ μ( 61 24"4$μμ$ (-;!$05+9 1μ!/1; 21; 2416(!0(6$, $2" 6+0 $4: (-;!$05+9 5( (2!2('1 1μ!/1; μ2141#0 0$ /%1;0 .1,0 $2")$5+ $0$)14,. μ( 0$ 24"4$μμ$ (-;!$05+9 1μ!/1; 21; .$/#26(, 6,9 106"6+6(9 56$ .46+ - μ/+ 61;9.

.1,0 $2")$5+ 21; $0$)4(6$, 56+0 2$41#5$ 2$44$)1 .$, 56+ 2$44$)1 5 .$, 1, $21)5(,9 21; /$μ%0106$, $2" 6,9 $4:9 (-;!$05+9 (//(!&(, .1,0 9 $2")$5+9 5#μ)80$ μ( 6+0 2$44$)1 6, 7(841#06$, 14,56,.9 .$, ()$4μ"<106$, $2" 6,9 $4:9 (-;*!$05+9 56$ (μ2/(."μ(0$ .46+ - μ/+.

$4: (-;!$05+9 241%$!0(, 5( "/(9 6,9 (04(,(9 5#μ)80$ μ( 61 2$4"0 4741 :84!9 .$7;564+5+ .$, /$μ%0106$9 '("0689 ;2"&+ 610 (2(!*106$ :$4$.6 4$ 6+9 .$656$5+9.

( .7( 2(4!2685+, "6$0 '(0 6!7(6$, 5( ()$4μ1 61 24"4$μμ$ (-;!$05+9 1μ!/1;, 1, (μ2/(."μ(0(9 $4:9 (-;!$05+9 5;0(4<106$, 56(0 561 2/$!5,1 61; 3μ$619 4:30 -;!$05+9 .$6 6+0 $0/+&+ '45(80 (-;!$05+9 5( 121,$' 216( 106"6+6$ 61; 1μ!/1;, 241.(,μ01; 0$ (2,6(;:7(! μ,$ 5;0610,5μ0+ 564$6+,. (-;!$05+9 ,$ "/(9 6,9 106"6+6(9 61; 1μ!/1; 1, 121!(9 %4!5.106$, 5( 5+μ(!1 $)(4(;"6+6$9 (2$2(,/1#μ(0+9 $)(4(;"6+6$9.

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