ACRFH\MRFB LVBHFR MCB FT_FCBARV\F PQPRFK

ALFT 

Lubhft
LubhftMbjustkfctKnb
Knbui
uif
VsfrKmcumi
 

Rmlif ng @nctfcts
Rmlif ng @nctfcts a 

Rmlifs & Gahurfs aaa 

Iast ng Gahurfs aaa 
Iast ng Rmlifs aaa 

M`rncyks av 

Actrnbu`tanc = 

Imuc`dach tdf Lubhft Mbjustkfct Knbuif < 

ALFT Dnkf _mhf 2 

Rdf Lubhft Mbjustkfct Knbuif Kmac P`rffc 7 

Rdf Kfcu Lmr 7 
Rdf Rnnilmr 8 

Rdf Lubhft Rrff mcb \fpnrts Rmls 4 

Rdf Lubhft Rrff 4 

Rdf @dmrt ng M``nucts Rrff =? 

Rdf \fpnrts Rrff == 

Rdf @nctfct Grmkf == 
Rdf Gnntfr =< 

Lubhft Rrmcsgfrs =0 

Kmcmhach Lubhft Rrmcsgfrs =0 

Fctfrach m Lubhft Rrmcsgfr =0 

Fbatach m Lubhft Rrmcsgfr =7 

Bfiftach m Lubhft Rrmcsgfr =4

 
Lubhft Puppifkfcts =1 
Kmcmhach Lubhft Puppifkfcts =1 

Fctfrach m Lubhft Puppifkfct =1 

Fbatach m Lubhft Puppifkfct <= 

Bfiftach m Lubhft Puppifkfct << 

Bmtm Kahrmtanc <2 

Kahrmtach Lubhft Mbjustkfcts Bmtm <2 

Fxpnrtach Lubhft Mbjustkfcts Bmtm <2 

Akpnrtach Lubhft Mbjustkfcts Bmtm grnk ALFT <6 

a
 

Akpnrtach Lubhft Mbjustkfcts Bmtm grnk LBM <6 

\fpnrtach <7 
\fpnrtach @nc`fpts <7 

Lubhft Rrff <7 

P`npf <7 

_mrmkftfrs <7 

DRKI, _BG & Ka`rnsngt Fx`fi \fpnrts <7 

Hfcfrmtach \fpnrts <8 
\fpnrts iast <4 

Lubhft Pukkmrafs <4 

@df`eiasts <4 

Mppfcbax M: ALFT Pfttachs mcb Raps 0? 

Ftdanpamc Gnct Pfttachs 0? 
Pfttach ALFT ms Qnur Dnkfpmhf 0< 
@ia`each nc tdf —Lm`e‑ Luttnc 00 
Actfrcft Fxpinrfr Rakach Nut 00 
P`rffc \fsniutanc 02 
Bnulif-@ia`each 02 
Km`rns ac Fx`fi 06 
ALFT @ncgahurmtan
@ncgahurmtancc 06 

aa
 

Rmlifs & Gahurfs

Iast ng Gahurfs
Gahurf =: ALFT Inhac P`rffc ..........................
......................................
.........................
..........................
..........................
..........................
............................. 0  
................
Gahurf <: ALFT Dnkf _mhf .........................
......................................
..........................
..........................
..........................
..........................
...............................22  
..................
Gahurf 0: @dmchf _msswnrb P`rffc ..........................
......................................
.........................
..........................
..........................
..........................
....................6
.......6
Gahurf 2: Rdf Lubhft Mbjustkfct Knbuif Kmac P`rffc ......................... ......................................
......................................7  
.........................7
Gahurf 6: Rdf Lubhft Rrff .........................
......................................
..........................
..........................
..........................
.........................
.................................4  
.....................4
Gahurf 7: @dmrt ng M``nucts Rrff ........................
.....................................
..........................
..........................
..........................
................................... =?  
......................
Gahurf 8: Rdf \fpnrts Rrff ........................
.....................................
..........................
..........................
..........................
.........................
................................==  
....................==
Gahurf 4: @nctfxt Rmh...............................
Rmh...........................................
.........................
..........................
..........................
..........................
...................................== 
......................==
Gahurf 1: Lubhft Rrmcsgfr Xazmrb ‐ Pfif`t \fpnrtach \fpnrtach Vcat .........................
......................................
............................... =0 
..................
Gahurf =?: Lubhft Rrmcsgfr Xazmrb ‐ Fctfr Pnur`f & Bfstacmtanc LAs.................................. .... =2 
LAs......................................
Gahurf ==: Lubhft Rrmcsgfr Xazmrb ‐ Pnur`f ng Gacmc`f ............ .........................
..........................
..................................... =2 
........................
Gahurf =<: Lubhft Rrmcsgfr Xazmrb ‐ Rrmcsgfr Bftmais .........................
......................................
........................................ =6 
...........................
Gahurf =0: Lubhft Rrmcsgfr Xazmrb ‐ Pukkmry............
Pukkmry.........................
..........................
..........................
...................................... =7 
.........................
Gahurf =2: Fbat Lubhft Rrmcsgfr ‐ Gacb Rrmcsgfr ...........................
........................................
..........................
................................. =7 
....................
Gahurf =6: Fbat Lubhft Rrmcsgfr.............
Rrmcsgfr..........................
..........................
..........................
..........................
..........................
................................... =8  
......................
Gahurf =7: Fbat Lubhft Rrmcsgfr - Pukkmry.................
Pukkmry.............................
.........................
..........................
....................................... =8 
..........................
Gahurf =8: Bfiftf Lubhft Rrmcsgfr ‐ Gacb Rrmcsgfr...................................
Rrmcsgfr................................................
................................... =4 
......................
Gahurf =4: Bfiftf Lubhft Rrmcsgfr ‐ Gacb Rrmcsgfr...................................
Rrmcsgfr................................................
................................... =4 
......................
Gahurf =1: Lubhft Puppifkfct Xazmrb ‐ Pfif`t \fpnrtach Vcat .......................... .................................................. =1 
........................
Gahurf <?: Lubhft Puppifkfct Xazmrb ‐ Puppifkfct Pnur`f ........................ .....................................
..........................
................
... <? 
Gahurf <=: Lubhft Puppifkfct Xazmrb ‐ Pnur`f ng Gacmc`f ......................... ......................................
............................... <? 
..................
Gahurf <<: Lubhft Puppifkfct Xazmrb ‐ Puppifkfct Bftmais ........... ........................
..........................
............................. <? 
................
Gahurf <0: Lubhft Puppifkfct Xazmrb ‐ Pukkmry..........
Pukkmry.......................
..........................
..........................
.................................. <= 
.....................
Gahurf <2: Fbat Lubhft Puppifkfct..........
Puppifkfct.......................
.........................
.........................
..........................
..........................
................................. << 
....................
Gahurf <6: Fbat Lubhft Puppifkfct..........
Puppifkfct.......................
.........................
.........................
..........................
..........................
................................. << 
....................
Gahurf <7: Bfiftf L
Lubhft
ubhft Puppifkfct .........................
......................................
..........................
..........................
........................................ <0 
.........................
Gahurf <8: \fpnrt _mrmkftfrs..............................
_mrmkftfrs...........................................
..........................
.........................
.........................
.................................... <8 
.......................

Iast ng Rmlifs
 Rmlif =: Kfcu Lmr Atfks .............
..........................
..........................
..........................
.........................
.........................
..........................
..........................
.......................
.......... 8  
 Rmlif <: Rnnilmr @nctrnis.....................
@nctrnis.................................
.........................
..........................
..........................
..........................
..........................
..........................
............... 8  
 Rmlif 0: Lubhft Rrff Dafrmr`dy ............
.........................
..........................
..........................
..........................
..........................
..................................... 4  
........................

aaa
 

M @ \ N C Q K P

M`rncyks

 M`rncyk Bfs`raptanc
LA Lubhftmry Acstatutanc
@NM @dmrt ng M``nucts
_ _rnhrmk
 p _rnjf`t
_L _ulia` Lnby
\V \fpnrtach Vcat
PM Pul-Mhfc`y
PNG Pnur`f ng Gacmc`f
P_ Pul-_rnhrmks
V\I Vcagnrk \fsnur`f In`mtfr
 QRB Qfmr tn Bmtf

Dacts mcb Cntfs ac tdf kmcumi mrf pim`fb cfxt tn tdas a`nc.

av
 

A C R \ N B V @ R A N C

@dmptfr

=
Actrnbu`tanc
 Rdf Actfhrmtfb Lubhft
Lubhft mcb Fxpfcbat
Fxpfcbaturf
urf Pystfk (ALFT) as m gacmc`ami
gacmc`ami acgnrk
acgnrkmtanc
mtanc
systfk tdmt dms lffc bfsahcfb mcb bfvfinpfb tn mutnkmtf mcb suppnrt pulia` gacmc`f
ac Ftdanpam. At as `nkprasfb ng baggfrfct knbuifs ac`iubach m Lubhft, M``nucts, Lubhft
 Mbjustkfct, Lubhft
Lubhft @nctrni, M``n
M``nucts
ucts @ncsniabmtan
@ncsniabmtanc
c mcb Mbkacastrmt
Mbkacastrmtanc
anc Knbuif.

 Rdf Lubhft Mbjustkfct

Mbjustkfct Knbuif `mtfrs ggnr nr `dmchfs tn tdf
tdf lubhft burach l
lubhft
ubhft
fxf`utanc. At spf`aga`miiy fcmlifs tdf rf`nrbach ng lubhft trmcsgfrs mcb lubhft
suppifkfcts mcb tdf sulsfqufct prnbu`tanc ng tdf mbjustfb lubhft. Lubhft trmcsgfr
mggf`ts lntd tdf snur`f mcb tdf rf`apafct LA‑s. Lubhft as bfbu`tfb grnk tdf snur`f LA
mcb mbbfb tn tdf rf`apafct LA. Lubhft suppifkfct, ac `nctrmst, mggf`ts nciy ncf LA sac`f
lubhft gahurfs mrf mbbfb tn tdf LA tdmt as lfach suppifkfctfb.

 Rdas kmcumi bfs`ralfs

bfs`ralfs tdf Lubhft Mbjustk
Mbjustkfct
fct Knbuif‑s guc`t
guc`tancmiaty
ancmiaty lut bnfs c
cnt
nt
prnvabf m bftmaifb fxpimcmtanc ng tdf prn`fburfs acvnivfb sac`f at mssukfs tdf usfr tn
lf gmkaiamr watd tdf lubhft prfpmrmtanc prn`fburfs.

 Rdf Lubhft Mbjustkfct

Mbjustkfct Knbuif Vsfr Kmcumi `nctmacs sf`tan
sf`tancs
cs mlnut:

•  Imuc`dach tdf knbuif

•  Kmcmhach lubhft trmcsgfrs
•  Kmcmhach lubhft suppifkfcts
•  Hfcfrmtach rfpnrts
•
   Mppfcbax watd sfttachs mcb taps.
 Rdf Lubhft Mbjustkfct
Mbjustkfct Knbuif Vsfr K Kmcumi
mcumi fc`nkpmssfs mii td
tdff lmsa` guc`tancmiata
guc`tancmiatafs
fs
ng tdf knbuif mabfb watd rfifvmct s`rffcsdnts.

=
 

I M V C @ D A C H R D F L V B H F R M B J V P R K F C R K N B V I F  

@dmptfr

<
Imuc`dach tdf Lubhft
Mbjustkfct Knbuif

ALFT as bfsahcfb tn wnre nc tdf Actfrcft Fxpinrfr (vfrsancs 6.6 mcb mlnvf) wfl
lrnwsfr gnr Xacbnws. Rn inh actn ALFT,
A LFT, gniinw tdf gniinwach stfps:

=.  Npfc Actfrcft Fxpinrfr nc ynur `nkputfr ly fatdfr `ia`each nc tdf

Actfrcft Fxpinrfr sdnrt`ut nc ynur bfsetnp, nr ly hnach tn Ptmrt  
 Mii _rnhrmks  Actfrcft Fxpinrfr.

<.  Fctfr tdf `nrrf`t V\I gnr tdf mppia`mtanc ac tdf mbbrfss lmr cfmr tdf
tnp ng tdf pmhf mcb `ia`e —Hn‑ nr fctfr. M `nrrf`t V\I waii inne iaef
tdas:
dttp://www.alfx.hnv.ft/alfx  
dttp://www.alfx.hnv.ft/alfx

 Mlnut tdf V\I

 Rdf fxm`t V\I waii vmry ly rfhanc. _ifmsf mse ynur in`mi systfk
mbkacastrmtnr gnr tdf `nrrf`t V\I. Rn kmef ALFT ynur dnkfpmhf,
rfgfr tn tdf ALFT Pfttachs mcb Raps ac Mppfcbax M.
 

0.   Qnu sdnuib lf barf`tfb

barf`tfb tn tdf ALFT inhac pmhf wda`d in
innes
nes iaef tdas:

<
 

I M V C @ D A C H R D F L V B H F R M B J V P R K F C R K N B V I F  

Gahurf =: ALFT Inhac P`rffc

2.  Fctfr ynur usfrcmkf mcb pmsswnrb, mcb `ia`e tdf —Inhac‑ luttnc. Ag tdas
as tdf vfry garst takf ynu mrf inhhach actn tdf mppia`mtanc, ynu waii lf
msefb tn `dmchf ynur pmsswnrb. Rdas as bncf gnr sf`uraty purpnsfs sn
tdmt nciy ynu ecnw wdmt ynur pmsswnrb as. Ag tdas as cnt ynur garst takf
mcb ynu fctfrfb ynur usfrcmkf mcb pmsswnrb `nrrf`tiy, ynu waii lf
barf`tfb tn tdf ALFT Dnkf pmhf.

0
 

I M V C @ D A C H R D F L V B H F R M B J V P R K F C R K N B V I F

ALFT Dnkf _mhf

 Mgtfr ynu dmvf su``fssguiiy inhhfb act
actn
n tdf ALFT mppia`mtan
mppia`mtanc,
c, ynu waii lf bar
barf`tfb
f`tfb tn
tdf ALFT Dnkf _mhf wda`d waii inne iaef tdas:

Gahurf <: ALFT Dnkf _mhf

 Rdf Dnkf _mhf sdnws tdf `urrfct

`urrfctiy
iy inhhfb nc usfr, m b
brnp
rnp bnwc iast tn sfif`t tdf
prfgfrrfb imchumhf lfgnrf imuc`dach m knbuif, mcb m iast ng knbuifs tdmt tdf inhhfb nc
usfr as mutdnrazfb tn m``fss. Bfpfcbach nc tdf usfr‑s sf`uraty pfrkassancs, df/sdf kmy
nciy dmvf m``fss tn ncf nr knrf knbuifs. Ac tdf gahurf mlnvf, tdf —Mbkac‑ usfr as
mutdnrazfb tn usf tdf —Mbkacastrmtanc, —M``nucts‑, —M``nucts @ncsniabmtanc‑, —Lubhft‑,
—Lubhft Mbjustkfct‑, —Lubhft @nctrni‑ mcb —Baslursfkfct‑ knbuifs.

@ia`e nc tdf —Lubhft Mbjustkfct‑ knbuif iace, mcb ynu waii lf barf`tfb tn tdf ALFT
Lubhft Mbjustkfct Knbuif Kmac P`rffc.

2
 

I M V C @ D A C H R D F L V B H F R M B J V P R K F C R K N B V I F

 Qnu `mc misn `ia`e nc —Inhngg‑ tn rfturc lm`e tn tdf inhac s`rffc mc
mcb
b —@dmchf
_msswnrb‑ tn `dmchf ynur pmsswnrb. Rdfsf iaces mrf in`mtfb mt tdf tnp rahdt `nrcfr ng
tdf pmhf.

•   Rn `dmchf ynur pmsswnrb,

pmsswnrb, fctfr tdf `urrfct (nib) pmsswnrb ac tdf
—@urrfct _msswnrb‑ gafib, m cfw pmsswnrb ac tdf —Cfw _msswnrb‑ gafib
mcb fctfr at mhmac ac tdf —@ncgark Cfw _msswnrb‑ gafib, tdfc `ia`e nc
—Mppiy‑.
•  Nc`f ynu dmvf su``fssguiiy `dmchfb ynur pmsswnrb, ynu waii lf
barf`tfb lm`e tn tdf ALFT Dnkf _mhf. Rn rfturc lm`e tn tdf ALFT
Dnkf _mhf watdnut `dmchach ynur pmsswnrb, `ia`e nc —Dnkf‑ mt tdf
tnp rahdt `nrcfr ng tdf pmhf.

 M vmiab systfk pmsswnrb kust lf mt ifmst 8 `dmrm`tfrs, cn knrf

tdmc =7 `dmrm`tfrs, mcb kust ac`iubf mt ifmst ncf uppfr `msf ifttfr,
ncf inwfr `msf ifttfr, mcb ncf cukfra` bahat.
 

Gahurf 0: @dmchf _msswnrb P`rffc

6
 

K M A C P @ \ F F C  

@dmptfr

0
Rdf Lubhft Mbjustkfct
Knbuif Kmac P`rffc
 Rdf ALFT Lubhft Mbjustkfct
Mbjustkfct knbuif k kmac
mac s`rffc as `nkpr
`nkprasfb
asfb ng sax kmac sf`tan
sf`tancs.
cs.
 Rdfsf mrf aiiustrmtfb nc tdf pa`turf lfinw:

Gahurf 2: Rdf Lubhft Mbjustkfct Knbuif Kmac P`rffc

@nctfxt Rmh

 Rnnilmr

Kfcu Lmr

@nctfct
Grmkf
Lubhft Rrff,
@dmrt ng M``nuct
& \f
\f nrts

Gnntfr

Rdf Kfcu Lmr

 Rdf Kfcu Lmr `nctmacs
`nctmacs tdf —Imchumhf‑ mc
mcb
b —Dfip‑ brnp bnwc kfcus. Rn m``fss mcy ng
tdf atfks ucbfr tdf `nctfcts ng tdf Kfcu Lmr, garst `ia`e nc tdf Kfcu Lmr atfk, mcb
nc`f tdf brnp bnwc kfcu mppfmrs, `ia`e nc tdf atfk ng ynur `dnnsach. Lfinw mrf sdnrt
bfs`raptancs ng tdf Kfcu Lmr atfks.

7
 

K M A C P @ \ F F C  

 Rmlif
 Rmlif =: Kfc
Kfcu
u Lmr
Lmr Atfks
Atfks
Kfcu Atfk Nptancs Bfs`raptancs
Baspimys `nctfcts ng tdf mppia`mtanc ac
Fchiasd
Fchiasd. (Ag sft tn mcntdfr imchumhf)
Baspimys `nctfcts ng tdf mppia`mtanc ac
 Mkdmra`
 Mkdmra`. (Ag sft tn
tn mcntdfr imchumh
imchumhf)
f)
Imchumhf
Baspimys `nctfcts ng tdf mppia`mtanc ac
 Rahrahcm
 Rahrahcm. (Ag sft tn mcntdfr imchumhf)
Baspimys `nctfcts ng tdf mppia`mtanc ac
Nrnkaggm
Nrnkaggm. (Ag sft tn mcntdfr imchumhf)
 Mlnut ALFT  M lrafg bfs`raptanc
bfs`raptanc mlnut tdf sngtwmrf.
Dfip
Kmcumi  M``fss tn tdf knbuif‑s
knbuif‑s Vsfr Kmcumi.

Rdf Rnnilmr
 Rdf Rnnilmr gnucb
gnucb lfcfmtd tdf Kfcu Lmr nc tdf k kmac
mac s`rffc, as usfb tn pfrgnrk
miknst mii guc`tancs ac tdf ALFT mppia`mtanc. At as `nkprasfb ng tdf `nctrnis iastfb ac
tdf tmlif lfinw:

 Rmlif
 Rmlif <:
<: R
Rnni
nnilmr
lmr @nc
@nctrn
trnis
is
Luttnc Bfs`raptanc _urpnsf
 Qfmr Vsfb tn sfif`t m gas`mi yfmr

 Rrmcsgfr \fhastfr m lubhft tr

Fbat Rrmcsgfr
Bfiftf Rrmcsgfr
Puppifkfct
Fbat Puppifkfct
Bfiftf Puppifkfct
_ract
Dnkf Dnkf
Inhngg  Inhngg
@dmchf _msswnrb @dmchf _msswnrb
trmcsgfr
mcsgfr
Fbat m prfvanusiy rfhastfrfb
lubhft trmcsgfr
Bfiftf m prfvanusiy rfhastfrfb
lubhft trmcsgfr
\fhastfr m lubhft suppifkfct
Fbat m prfvanusiy rfhastfrfb
lubhft suppifkfct
Bfiftf m prfvanusiy rfhastfrfb
lubhft suppifkfct
_ract tdf `nctfct s`rffc
Dnkf pmhf iace
Inh nur ng tdf ALFT
mppia`mtanc
@dmchf ynur pmsswnrb

8 
 

K M A C P @ \ F F C  

Rdf Lubhft Rrff mcb \fpnrts Rmls

 Rdf garst tdach m usfr kust bn nc tdf kmac s`rffc, as sfif`t m lubhft yfmr gr
grnk
nk tdf
—Qfmr‑ brnp bnwc kfcu nc tdf tnp ifgt dmb `nrcfr ng tdf tnnilmr. Mgtfr sfif`tach m
lubhft yfmr, tdf lubhft stru`turf waii lf baspimyfb ac tdf —Lubhft Rrff‑ pmcf.

Nc tdf ifgt sabf ng tdf ALFT kmac s`rffc as m grmkf tdmt `nctmacs tdf —Lubhft Rrff‑ mcb
—\fpnrts‑ s`rffcs. Nciy ncf ng tdfsf trffs as vasalif mt ncf takf. Rn cmvahmtf lftwffc
tdfsf twn s`rffcs `ia`e nc tdf —Lubhft Rrff‑ nr —\fpnrts‑ tmls mt tdf tnp ng tdas grmkf.

Rdf Lubhft Rrff

Gahurf 6: Rdf Lubhft Rrff

 Rdf lubhft trff

trff as mt tdf dfmrt ng tdf ALFT mppia`mtanc
mppia`mtanc.. At rfprfsfcts td
tdff lubhft
`imssaga`mtanc ng m havfc rfhanc, ac tdf sfif`tfb yfmr, ac m dafrmr`da`mi stru`turf rfgfrrfb
tn ms m trff. Lut sac`f mii Lubhftmry Acstatutancs bn cnt rfpnrt tdfar gacmc`ami
trmcsm`tancs barf`tiy, m \fpnrtach Vcat (\V) as bfsahcmtfb ms tdf Lubhftmry Acstatutanc

tdmt asRn
trff. miinwfb
sfif`t mtn\V
sulkat
grnkgacmc`ami rfpnrts.
tdf lubhft \fpnrtach
trff, sakpiy Vcats
lrnwsf tdfmrftrff
lnibfb nc tdf lubhft
ly fxpmcbach tdf
cnbfs (tn fxpmcb m cnbf, sakpiy `ia`e nc tdf cmkf) mcb `ia`e nc m dahdiahdtfb LA.

 Rdf tmlif lfinw bfs`ralfs

bfs`ralfs tdf a`ncs mcb c
cnbfs
nbfs nc tdf Lubh
Lubhft
ft Rrff usach mc acst
acstmc`f
mc`f nc
tdf =118 Gfbfrmi Lubhft Ptru`turf. Rdf Gfbfrmi Hnvfrckfct as trfmtfb ms m rfhanc gnr
lubhftmry mcb m``nuctach purpnsfs. At misn dms tdf zncf mcb wfrfbm `nbfs miwmys sft tn
zfrn.

 Rmlif
 Rmlif 0: Lub
Lubhft
hft Rrf
Rrfff Da
Dafrm
frmr`d
r`dyy

Lubhft Cmkf Bfs`raptanc 

@nbf
 Rdf dahdfst-ifvfi cnbf
cnbf as m \fhanc Cnb
Cnbf.
f. M lubhft
=6  \fhanc
stru`turf miwmys lfhacs watd m rfhanc cnbf mcb as abfctagafb

4
 

K M A C P @ \ F F C  

Lubhft Cmkf Bfs`raptanc 

@nbf
 watd m twn-bahat `nbf.
`nbf. Rdf LA `nbf ng tdf rfhanc sdnwc nc
tdf imlfi mt tdf rahdt as —=6‑.
 M Zncf Cnbf miwmys
miwmys gniinws m \fhanc CCnbf.
nbf. M Zncf as
misn abfctagafb ly m twn-bahat `nbf. Rdf LA `nbf ng tdf
??  Zncf
zncf ac.tdf rfhanc sdnwc nc tdf imlfi mt tdf rahdt as
—=6/??‑
 M Xfrfbm Cnbf miwmys
miwmys gniinws m Zncf Cn
Cnbf.
bf. M Xfrfbm as
abfctagafb ly m `nklacmtanc ng rfhanc, zncf mcb m tdrff-
???   Xfrfbm
bahat wfrfbm `nbf. Gnr fxmkpif, '=6/??/???‑ bfsahcmtfs m
 wfrfbm nc tdf `urrfct
`urrfct dafrmr`dy.
 Rdf guc`tancs ng hnvfrckfct mr mrff abfctagafb ly m Guc`tanc
Cnbf. Rdf guc`tancs ng hnvfrckfct mrf:
•    Mbkacastrmtavf mcb Hfcfrmi
•   F`ncnka`
•   Pn`ami
=??  Guc`tanc
•   Ntdfrs
 M guc`tanc as abfctagafb
abfctagafb ly m tdr
tdrff-bahat
ff-bahat `nbf, wda`d
`ncvfctancmiiy dms tdf sf`ncb mcb tdarb bahats ms zfrnfs.
Gnr fxmkpif, '=6/??/???/=??' bfsahcmtfs tdf
'Mbkacastrmtavf mcb Hfcfrmi' guc`tanc ng hnvfrckfct.
Pul-guc`tancs ng hnvfrckfct mrf abfctagafb ly m Pul-
Pul-guc`tancs
Guc`tancmi cnbf. M typa`mi sul-guc`tanc ifvfi hrnupach
ucbfr tdf 'Mbkacastrmtavf mcb Hfcfrmi' guc`tanc ng
hnvfrckfct kahdt lf:
•  Nrhmc ng Ptmtf
•   Justa`f mcb Pf`uraty
Pf`uraty
•  Bfgfcsf
•  Hfcfrmi Pfrva`f
Pul-
==?   M sul-guc`tanc as abfctagafb ly m ttdrff-bahat
drff-bahat `nbf mc
mcb
b
Guc`tanc
`ncvfctancmiiy dms tdf tdarb bahat sft tn zfrn. Gnr fxmkpif,
—=6/??/???/==?' bfsahcmtfs tdf —Nrhmc ng Ptmtf' sul-
sf`tnr ucbfr tdf 'Hfcfrmi mcb Mbkacastrmtavf' sf`tnr.
=6/??/??? abfctagafs tdf Xfrfbm tdmt nwcs tdf guc`tanc.
'==?' bfsahcmtfs tdf sul-guc`tanc. Cntf tdmt, ly
`ncvfctanc, usach tdf smkf garst bahat ms tdf '=??' guc`tanc
lrachs tdf `urrfct sul-guc`tanc ucbfr tdf 'Mbkacastrmtavf
mcb Hfcfrmi' guc`tanc.
 M _ulia` Lnby as abfctagafb
abfctagafb ly m tdr
tdrff-bahat
ff-bahat `nbf. Ly
`ncvfctanc cncf ng ats tdrff bahats as m zfrn. Gnr fxmkpif,
—=6/??/???/===‑ bfsahcmtfs tdf pulia` lnby 'Dnusf ng
===  _ulia` Lnby _fnpif‑s \fprfsfctmtavfs‑. Ly `ncvfctanc, tdf garst mcb
sf`ncb bahats acba`mtf tdmt tdf pulia` lnby `nkfs ucbfr
tdf —Nrhmc ng Ptmtf‑ (==?) sul-guc`tanc.

1 
 

K M A C P @ \ F F C  

Lubhft Cmkf Bfs`raptanc 

@nbf
_rnhrmk Cnbfs hrnup tnhftdfr Pul-Mhfc`y Cnbfs tdmt
`nkf ucbfr tdfk. _rnhrmk Cnbfs mrf mssahcfb twn-bahat
?=  _rnhrmk
`nbfs. Mt tdas cnbf, tdf LA `nbf `nuib lf
—?6/??/???/===/?=‑.

 M Pul-Mhfc`y
 Mhfc`afs as ifvfis
mrf tdf miwmystdmt
miwmys gnucb
mrf ucbfr m__rnhrmk.
rnhrmk.
bfsahcmtfb tn Pul-
tn rf`favf
?=  Pul-Mhfc`y rf`urrfct lubhft. M sul-mhfc`y as abfctagafb ly m twn-bahat
`nbf. Mt tdas cnbf, tdf LA `nbf `nuib lf
—=6/??/???/===/?=/?=‑.
Pul-_rnhrmks `nkf ucbfr sul-mhfc`y cnbfs. Pul-
Pul-_rnhrmks
Pul- _rnhrmk cnbfs mrf gurtdfr usfb tn hrnup prnjf`t cnbfs. M
?? 
_rnhrmk sul-prnhrmk as abfctagafb ly m twn-bahat `nbf. Mt tdas cnbf,
tdf LA `nbf `nuib lf —=6/??/???/===/?=/?=/??‑.
_rnjf`ts mrf tdf ifvfis tdmt mrf bfsahcmtfb tn rf`favf `mpatmi
lubhft. M prnjf`t as abfctagafb ly m twn-bahat `nbf. Mt tdas
??=  _rnjf`t cnbf, tdf LA `nbf `nuib lf
—=6/??/???/===/?=/?=/??/??=‑. Rdf prnjf`t cnbf as tdf
inwfst ifvfi ac m lubhft stru`turf.

Rdf @dmrt ng M``nucts Rrff

 Rdf @dmrt ng M``nucts

M``nucts trff sdnws ttdf
df stmcbmrb @dmrt ng M``nucts usfb ly tdf ALFT
mppia`mtanc. Rn m``fss tdf @dmrt ng M``nucts trff, `ia`e nc tdf —@dmrt ng M``nucts‑ tml
mt tdf tnp ng tdf grmkf nc tdf ifgt dmcb sabf ng tdf kmac s`rffc.

Gahurf 7: @dmrt ng M``nucts Rrff

=? 
 

K M A C P @ \ F F C  

Rdf \fpnrts Rrff

 Rdf \fpnrts trff as usfb tn nrhmcazf tdf rfpnrts mvmaimli

mvmaimliff watdac tdf mpp
mppia`mtanc
ia`mtanc ac m
inha`mi kmccfr. Rn m``fss tdf rfpnrts trff, sakpiy `ia`e nc tdf —\fpnrts‑ tml nc tdf ifgt
dmcb sabf ng tdf kmac s`rffc.

Gahurf 8: Rdf \fpnrts Rrff

Dnw tn fxtrm`t rfpnrts grnk tdf mppia`mtanc waii lf bas`ussfb ac tdf ’\fpnrtach‛
sf`tanc ng tdas kmcumi.

Rdf @nctfct Grmkf

 Rdf @nctfct Grmkf
Grmkf n``upafs tdf rrahdt
ahdt dmcb sabf n
ngg tdf kmac s`rffc. Rdf @nctfct
Grmkf as wdfrf knst ng tdf wnre as bncf, ac`iubach bmtm fctry mcb vafwach nciacf
rfpnrts.

Nc knst s`rffcs tdmt mppfmr ac tdf `nctfct grmkf, ynu waii sff wdmt as `miifb m —@nctfxt
 Rmh‑. Rdf @nctfxt RmhRmh prnvabfs tdf usfr watd acgnrk
acgnrkmtanc
mtanc nc tdf `ur
`urrfctiy
rfctiy sfif`tfb
lubhftmry acstatutanc. At as usfgui tn rfkacb tdf usfr nc wdmt LA df/sdf as wnreach nc.
At as misn pnssalif tn strft`d tdf ifgt grmkf ac tdf @nctfct Grmkf tn fxpmcb tdf vafwach
mrfm.

Gahurf 4: @nctfxt Rmh

@ia`e —Fxat‑ nr —@mc`fi‑ tn fxat mc actfrgm`f ac tdf @nctfct Grmkf.

@ia`each ynur wfl lrnwsfr‑s —Lm`e‑ luttnc tn hn lm`e m stfps tfp ac tdf
actfrgm`f waii hfcfrmtf frrnrs. Qnu `mc fxat knst knbuifs ly fatdfr
`ia`e ach nc tdf —Fxat‑ nr —@mc`fi‑ luttncs, nr rfturc lm`e tn m prfvanus
s`rffc ly `ia`each nc tdf —Lm`e‑ luttnc wdfcfvfr at as mvmaimlif.
 

== 
 

K M A C P @ \ F F C  

 Rdf s`rffcsdnts ac`iubfb

ac`iubfb lfinw bfknc
bfkncstrmtach
strmtach tdf Lubhft @nctrni Knbui
Knbuif‑s
f‑s guc`tancs
mrf mii baspimyfb ac tdf @nctfct Grmkf.

Rdf Gnntfr
 Rdf gnntfr as gnucb
gnucb mt tdf lnt
lnttnk
tnk ng tdf kkmac
mac s`rffc, mcb as usfb ttn
n sdnw usfgui
acgnrkmtanc su`d ms tdf —@urrfctiy sfif`tfb LA:‑ mcb tdf `urrfctiy inhhfb nc usfr.

=< 
 

L V B H F R R \ M C P G F \ P  

@dmptfr

2
Lubhft Rrmcsgfrs
Lubhft Rrmcsgfrs
Rrmcsgfrs mrf tdf rfmiin`mtanc ng acstatutancmi lubhfts lftwffc
twn lubhftmry acstatutancs. Rdf trmcsgfr `nuib misn lf lftwffc twn
baggfrfct m``nucts ucbfr tdf smkf LA.

Kmcmhach Lubhft Rrmcsgfrs

 Rdf gniinwach sf`tanc
sf`tanc bfs`ralfs dnw tn fctfr, fbat nr bfiftf m lubhft trmc
trmcsgfr.
sgfr.
Bfpfcbach nc tdf sf`uraty ifvfi ng tdf usfr, tdf bfiftf trmcsgfr guc`tancmia
guc`tancmiaty
ty kmy lf
basmlifb.

Fctfrach m Lubhft Rrmcsgfr

=.  Pfif`t m lubhft yfmr grnk tdf —Qfmr‑ brnp bnwc nc tdf tnnilmr. Rdf
lubhft stru`turf gnr tdmt yfmr waii lf inmbfb ac tdf —Lubhft Rrff‑ pmcf.

<.  @ia`e nc tdf —Lubhft Rrmcsgfr‑ luttnc nc tdf tnnilmr. Rdas waii
imuc`d tdf Lubhft Rrmcsgfr Xazmrb.

 
0.  Rdf —Lubhft
rfpnrtach ucatRrmcsgfr‑
Rrmcsgfr ‑ s`rffc
grnk wda`d waii mppfmr
tn trmcsgfr ac tdf `nctfct grmkf. Pfif`t m
gucbs.

Gahurf 1: Lubhft Rrmcsgfr Xazmrb

Xazmrb ‐ Pfif`t \fpnrtach Vcat

=0
 

L V B H F R R \ M C P G F \ P  

2.  Ac tdf gniinwach s`rffc, fctfr tdf snur`f mcb bfstacmtanc LA `nbfs.
 Xdfc ynu `ia`e ac tdf
tdf gafib lnx, at w
waii
aii mutnkmta`miiy lf p
pnpuimtfb
npuimtfb watd
pmrt ng tdf `nkknc LA `nbf.

Gahurf =?: Lubhft Rrmcsgfr Xazmrb

Xazmrb ‐ Fctfr Pnur`f & Bfstacmtanc LAs

6.  Pfif`t tdf mpprnpramtf snur`f ng gacmc`f mcb, ag cf`fssmry, tdf snur`f ng
gacmc`f `nbf grnk m brnp bnwc kfcu ac tdf `msf wdfrf tdfrf as knrf
tdmc ncf.

Gahurf ==: Lubhft Rrmcsgfr Xazmrb ‐ Pnur`f ng Gacmc`f

7.   Rdf gniinwach s`rffc

s`rffc waii mppfmr watd mbbatancmi acgnrkmtanc
acgnrkmtanc mlnut tdf
lubhftmry acstatutancs ynu mrf kmeach tdf trmcsgfr lftwffc.

=2 
 

L V B H F R R \ M C P G F \ P  

Gahurf =<: Lubhft Rrmcsgfr Xazmrb ‐ Rrmcsgfr Bftmais

8.  Fctfr tdf rfgfrfc`f cuklfr mcb trmcsm`tanc bmtf gnr tdf trmcsgfr.
(Cntf: Rdf rfgfrfc`f cuklfr sdnuib lf ucaquf gnr mii lubhft trmcsgfrs
ac m havfc lubhftmry yfmr.)

4.   Rn fctfr m trmcsgfr,

trmcsgfr, fctfr tdf m``nuct
m``nuct `nbf grnk wda`d tdf trmcsg
trmcsgfr
fr waii
lf bfbu`tfb mcb `ia`e
`ia`e —Mbb‑. Ac tdf —Bfstacmtanc M``nuct @nbf‑ mcb
—Rrmcsgfr Mknuct‑ gafibs wda`d waii tdfc mppfmr, fctfr tdf mpprnpramtf
bfstacmtanc m``nuct `nbf mcb trmcsgfr mknuct. \fpfmt tdas stfp gnr
fm`d trmcsgfr grnk m baggfrfct m``nuct `nbf. Lubhft trmcsgfrs `mc nciy
lf kmbf lftwffc fxpfcbaturf m``nucts.

1.   Mgtfr vfragyach tdmt mii fctfrfb ac

acgnrkmtanc
gnrkmtanc as `n
`nrrf`t,
rrf`t, `ia`e —Cfxt.‑ Rdf
gniinwach s`rffc sdnuib mppfmr.

Vcbfr `frtmac `ncbatancs, tdf systfk kmy rfqufst gurtdfr

`ncbatancs lfgnrf `nkkattach tdf trmcsgfr.
 

=6 
 

L V B H F R R \ M C P G F \ P  

Gahurf =0: Lubhft Rrmcsgfr Xazmrb ‐ Pukkmry

=?.  @df`e tdmt mii acgnrkmtanc as `nrrf`t. @df`e tdf `df`elnx tn acba`mtf
tdmt ynu dmvf rf`favfb tdf mpprnpramtf mpprnvmi (ag ncf mppfmrs) mcb
`ia`e —_nst‑.

Fbatach m Lubhft Rrmcsgfr

=.  @ia`e nc tdf —Fbat Rrmcsgfr‑ luttnc nc tdf tnnilmr

<.   Rdf —Fbat Lubhft Rrmcsgfr‑

Rrmcsgfr‑ s`rffc waii mpp
mppfmr
fmr ac tdf `nctfc
`nctfctt grmkf.

Gahurf =2: Fbat Lubhft Rrmcsgfr ‐ Gacb Rrmcsgfr

0.  Pfif`t tdf knctd grnk tdf brnpbnwc, fctfr tdf rfgfrfc`f cuklfr ng m
prfvanusiy rfhastfrfb trmcsgfr mcb `ia`e —Cfxt‑.

2.   Rdf bftmais ng tdf prfvanusiy

prfvanusiy rfhastfrfb trmcsgfr waii mppfmr ac tdf
`nctfct grmkf ms ac tdf fxmkpif lfinw.

=7
 =7 
 

L V B H F R R \ M C P G F \ P  

Gahurf =6: Fbat Lubhft Rrmcsgfr

6.  Kmef mcy mbjustkfcts tn tdf trmcsgfr ms rfquarfb ly `dmchach tdf

mknucts ac tdf Rrmcsgfr Mknuct gafib, `dmchach tdf bfstacmtanc
m``nuct `nbf, nr ly mbbach nr bfiftach iacfs tdrnuhd tdf usf ng tdf
—Mbb‑ mcb —Bfiftf‑ luttncs.

7.  @ia`e —Cfxt‑.

8.   Rdf rfvasfb trmcsgfr

trmcsgfr bftmais waii mppfmr ac tdf `nctfct grmkf ms ac tdf
fxmkpif lfinw.
Gahurf =7: Fbat Lubhft Rrmcsgfr - Pukkmry

4.  @df`e tdmt mii acgnrkmtanc as `nrrf`t. @df`e tdf `df`elnx tn acba`mtf
tdmt ynu dmvf rf`favfb tdf mpprnpramtf mpprnvmi (ag ncf mppfmrs) mcb
`ia`e —_nst‑.
 =8 
 

L V B H F R R \ M C P G F \ P  

Bfiftach m Lubhft Rrmcsgfr

=.  @ia`e nc tdf —Bfiftf Rrmcsgfr‑ luttnc nc tdf tnnilmr

<.   Rdf —Bfiftf Lubhft Rrmcsgfr‑

Rrmcsgfr‑ s`rffc waii mmppfmr
ppfmr ac tdf `nc
`nctfct
tfct grmkf.

Gahurf =8: Bfiftf Lubhft Rrmcsgfr ‐ Gacb Rrmcsgfr

0.  Pfif`t tdf knctd grnk tdf brnpbnwc, fctfr tdf rfgfrfc`f cuklfr ng m
prfvanusiy rfhastfrfb trmcsgfr mcb `ia`e —Cfxt‑.

2.   Rdf bftmais ng tdf trmcsgfr tn lf b

bfiftfb
fiftfb waii mppfmr ac tdf `nctfct
grmkf ms ac tdf fxmkpif lfinw.

Gahurf =4: Bfiftf Lubhft Rrmcsgfr ‐ Gacb Rrmcsgfr

6.  @ia`e —Bfiftf‑.

 =4 
 

L V B H F R P V _ _ I F K F C R P  

@dmptfr

6
Lubhft Puppifkfcts
Lubhft Puppifkfcts mrf fxtfrcmi gucbs miin`mtfb tn m pmrta`uimr LA
nutsabf tdf mpprnvfb lubhft.

Kmcmhach Lubhft Puppifkfct

Puppifkfcts
s
 Rdf gniinwach sf`tanc
sf`tanc bfs`ralfs dnw ttn
n fctfr, fbat nr bfiftf m lubhft supp
suppifkfct.
ifkfct.
Bfpfcbach nc tdf sf`uraty ifvfi ng tdf usfr, tdf bfiftf suppifkfct guc`tancmiaty kmy lf
basmlifb.

Fctfrach m Lubhft Puppifkfct

=.  Pfif`t m lubhft yfmr grnk tdf —Qfmr‑ brnp bnwc nc tdf tnnilmr. Rdf
lubhft stru`turf gnr tdmt yfmr waii lf inmbfb ac tdf —Lubhft Rrff‑ pmcf.

<.  @ia`e nc tdf —Lubhft Puppifkfct‑ luttnc nc tdf tnnilmr. Rdas waii
imuc`d tdf Lubhft Puppifkfct Xazmrb.

0.   Rdf —Lubhft Puppifkfct‑

Puppifkfct‑ s`rffc waii mp
mppfmr
pfmr ac tdf `nctfc
`nctfctt grmkf.

Pfif`t m rfpnrtach ucat tn rfhastfr tdf suppifkfct ucbfr.

Gahurf =1: Lubhft Puppifkfct Xazmrb ‐ Pfif`t \fpnrtach Vcat

2.  Fctfr tdf bfstacmtanc LA ynu wnuib iaef tn suppifkfct mcb `ia`e —Cfxt‑.
 =1
 

L V B H F R P V _ _ I F K F C R P  

Gahurf <?: Lubhft Puppifkfct Xazmrb ‐ Puppifkfct Pnur`f

6.   Rdf gniinwach s`rffc waii mppfmr ac td

tdff grmkf sf`tanc.

Gahurf <=: Lubhft Puppifkfct Xazmrb ‐ Pnur`f ng Gacmc`f

7.  Pfif`t tdf mpprnpramtf snur`f ng gacmc`f mcb, ag cf`fssmry, tdf snur`f ng
gacmc`f `nbf grnk m brnp bnwc kfcu ac tdf `msf wdfrf tdfrf as knrf
tdmc ncf, mcb `ia`e —Cfxt‑.

8.   Rdf gniinwach s`rffc

s`rffc waii mppfmr ac td
tdff `nctfct grmk
grmkf.
f.

Gahurf <<: Lubhft Puppifkfct Xazmrb ‐ Puppifkfct Bftmais

 <? 
 

L V B H F R P V _ _ I F K F C R P  

4.  Fctfr tdf rfgfrfc`f cuklfr mcb trmcsm`tanc bmtf gnr tdf suppifkfct.
(Cntf: Rdf rfgfrfc`f cuklfr sdnuib lf ucaquf gnr mii lubhft
suppifkfcts ac m havfc lubhftmry yfmr.)

1.   Rn fctfr m suppifkfct,

suppifkfct, fctfr tdf m``n
m``nuct
uct `nbf tn wda
wda`d
`d tdf
suppifkfct waii lf
lf mbbfb mcb `ia`e —Mb
—Mbb‑.
b‑. Ac tdf Puppifkfc
Puppifkfctt Mknuct
gafib tdmt mppfmrs, fctfr tdf mpprnpramtf mknuct gnr fm`d m``nuct. Rdf
upbmtfb lubhft mknuct waii lf baspimyfb ucbfr —Cfw Lubhft‑.

=?.  @ia`e —Cfxt‑.

==.  Rdf
 Rdf bftmais ng tdf suppifkfct waii mpp
mppfmr
fmr ac tdf `nctf
`nctfct
ct grmkf ms ac td
tdff
fxmkpif lfinw.

Gahurf <0: Lubhft Puppifkfct Xazmrb ‐ Pukkmry

=<.  @df`e tdmt mii acgnrkmtanc as `nrrf`t. @df`e tdf `df`elnx tn acba`mtf
tdmt ynu dmvf rf`favfb tdf mpprnpramtf mpprnvmi mcb `ia`e —_nst‑.

Fbatach m Lubhft Puppifkfct

=.  @ia`e nc tdf —Fbat Puppifkfct‑ luttnc nc tdf tnnilmr.

<.   Rdf —Fbat Lubhft Puppifkfct‑

Puppifkfct‑ s`rffc waii mppfmr ac td
tdff `nctfct grmkf.
 <= 
 

L V B H F R P V _ _ I F K F C R P  

Gahurf <2: Fbat Lubhft Puppifkfct

0.  Pfif`t tdf knctd grnk tdf brnpbnwc, fctfr tdf rfgfrfc`f cuklfr ng m
prfvanusiy rfhastfrfb suppifkfct mcb `ia`e —Cfxt‑.

2.  Kmef mcy `dmchfs tn tdf suppifkfct ms cf`fssmry mcb `ia`e —Cfxt‑.

Gahurf <6: Fbat Lubhft Puppifkfct

6.  Ac tdf sukkmry s`rffc tdmt mppfmrs vfragy tdmt tdf bftmais ng tdf rfvasfb
suppifkfct mrf `nrrf`t, `df`e tdf `df`elnx tn acba`mtf tdmt ynu dmvf

rf`favfb tdf rfquasatf mpprnvmi mcb `ia`e —_nst‑.

Bfiftach m Lubhft Puppifkfct

=.  @ia`e nc tdf —Bfiftf Puppifkfct‑ luttnc nc tdf tnnilmr

<.   Rdf —Bfiftf Lubhft Puppifkfct‑

Puppifkfct‑ s`rffc waii mppfmr ac td
tdff `nctfct
grmkf.
 << 
 

L V B H F R P V _ _ I F K F C R P  

Gahurf <7: Bfiftf Lubhft Puppifkfct

0.  Pfif`t tdf knctd grnk tdf brnpbnwc, fctfr tdf rfgfrfc`f cuklfr ng m
prfvanusiy rfhastfrfb suppifkfct mcb `ia`e —Cfxt‑.

2.   Rdf bftmais ng tdf trmcsgfr tn lf b

bfiftfb
fiftfb waii mppfmr ac tdf `nctfct
grmkf.

6.  @ia`e —Bfiftf‑.

 <0 
 

B M R M K A H \ M R A N C  

@dmptfr

7
Bmtm Kahrmtanc
Rdf ALFT Lubhft Mbjustkfct Knbuif gm`aiatmtfs tdf fxpnrt mcb
akpnrt ng mccumi lubhft mbjustkfcts. Rdas actfrm`tanc as bncf vam ttdf
df
—Fxpnrt Lubhft Mbjustkfcts‑ mcb —Akpnrt Lubhft Mbjustkfcts‑ tnnis
in`mtfb ucbfr tdf —Bmtm Kahrmtanc‑ kfcu nc tdf Kfcu Lmr.

Kahrmtach Lubhft Mbjustkfcts Bmtm

Fxpnrtach Lubhft Mbjustkfcts Bmtm

=.  Pfif`t m lubhft yfmr mcb `ia`e nc —Fxpnrt Lubhft Mbjustkfcts‑ ucbfr
tdf Bmtm Kahrmtanc kfcu nc tdf Kfcu Lmr.

<.  Pfif`t m rfpnrtach ucat grnk tdf lubhf trff gnr wda`d ynu wmct tn
fxpnrt mii lubhft mbjustkfcts gnr tdf sfif`tfb lubhft yfmr.

0.  Nc tdf —@NCGA\KMRANC‑ s`rffc, vfragy tdmt ynu dmvf `dnsfc tdf
`nrrf`t \V mcb `ia`e —Fxpnrt‑ tn fxpnrt tdf lubhft mbjustkfcts bmtm.
Nc`f tdf Gaif Bnwcinmb baminh lnx mppfmrs, `ia`e —Pmvf‑.

2.  @dnnsf m in`mtanc nc ynur `nkputfr tn smvf tdf fxpnrtfb lubhft bmtm,
mcb `ia`e —Pmvf‑ nc`f mhmac.

6.   Rdas waii smvf mc fc`ryptfb

fc`ryptfb vfrsanc ng ttdf
df lubhft mbjustk
mbjustkfcts
fcts bmtm nc
ynur in`mi `nkputfr tdmt `mc nciy lf m``fssfb tdrnuhd ALFT Akpnrt
A kpnrt
tnnis.
 <2
 

\ F _ N \ R A C H  

Akpnrtach Lubhft Mbjustkfcts Bmtm grnk ALFT

=.  Pfif`t m lubhft yfmr mcb `ia`e nc —Akpnrt Lubhft Mbjustkfcts‑ ucbfr
tdf Bmtm Kahrmtanc kfcu nc tdf Kfcu Lmr.

<.  Pfif`t m rfpnrtach ucat grnk tdf lubhf trff gnr wda`d ynu wmct tn
akpnrt mii lubhft mbjustkfcts gnr tdf sfif`tfb lubhft yfmr.

0.  Nc tdf —PFIF@R PNV\@F GAIF‑ s`rffc, `ia`e —Lrnwsf‑ tn in`mtf tdf
ALFT fxpnrt gaif nc ynur `nkputfr. Nc`f ynu in`mtf tdf gaif, `ia`e nc
tdf gaif cmkf nc`f mcb `ia`e —Npfc‑, nr bnulif `ia`e nc tdf gaif cmkf
mcb `ia`e —Cfxt‑ tn lfhac tdf akpnrtach prn`fss.

2.  Nc tdf —@NCGA\KMRANC‑ s`rffc, vfragy tdmt ynu dmvf `dnsfc tdf
`nrrf`t \V mcb `ia`e —Akpnrt‑ tn akpnrt tdf lubhft mbjustkfcts bmtm.

Akpnrtach Lubhft Mbjustkfcts Bmtm grnk LBM

=.  Pfif`t m lubhft yfmr mcb `ia`e nc —Akpnrt Lubhft Mbjustkfcts‑ ucbfr
tdf Bmtm Kahrmtanc kfcu nc tdf Kfcu Lmr.

<.  Pfif`t m rfpnrtach ucat grnk tdf lubhf trff gnr wda`d ynu wmct tn
akpnrt mii lubhft mbjustkfcts gnr tdf sfif`tfb lubhft yfmr.

0.  Nc tdf —PFIF@R PNV\@F GAIF‑ s`rffc, `ia`e —Lrnwsf‑ tn in`mtf tdf
LBM fxpnrt gaif nc ynur `nkputfr. Nc`f ynu in`mtf tdf gaif, `ia`e nc
tdf gaif cmkf nc`f mcb `ia`e —Npfc‑, nr bnulif `ia`e nc tdf gaif cmkf
mcb `ia`e —Cfxt‑ tn lfhac tdf akpnrtach prn`fss.

2.   Rdf mppia`mtanc waii

waii rfqufst tdf LBM b
bmtmlmsf
mtmlmsf pmsswnrb. Fct
Fctfr
fr tdf
pmsswnrb mcb `ia`e —Pulkat‑.

6.  Nc tdf —@NCGA\KMRANC‑ s`rffc, vfragy tdmt ynu dmvf `dnsfc tdf
`nrrf`t \V mcb `ia`e —Akpnrt‑ tn akpnrt tdf lubhft mbjustkfcts bmtm.
 <6 
 

\ F _ N \ R A C H  

@dmptfr

8
\fpnrtach
Ac mbbatanc tn rf`nrbach lubhft mbjustkfct trmcsm`tancs, tdf Lubhft
 Mbjustkfct Knbuif `mc misn hfcfrmtf sfvfrmi rfpnrts. Rdf bftmais ng
tdfsf rfpnrts mcb dnw tn m``fss tdfk mrf bfs`ralfb lfinw.

\fpnrtach @nc`fpts
 Rdfrf mrf m cuklfr
cuklfr ng efy `nc`fp
`nc`fptsts tdmt mppiy tn hf
hfcfrmtach
cfrmtach mii rfpnrts.
rfpnrts. Rdfsf mrf
bfs`ralfb ac tdf gniinwach sf`tanc.

Lubhft Rrff

Hfcfrmtach rfpnrts as actakmtfiy tafb tn tdf lubhft trff. Ac nrbfr tn hfcfrmtf m rfpnrt,
tdf usfr kust garst acba`mtf gnr wda`d lubhftmry acstatutfs tdf rfpnrt sdnuib lf
hfcfrmtfb, ly sfif`tach m s`npf nc tdf lubhft trff.

P`npf

P`npf rfgfrs tn tdf ifvfi ng tdf hnvfrckfct gnr wda`d rfpnrts mrf hfcfrmtfb. Rdf s`npf
ng m rfpnrt as bftfrkacfb ly tdf sfif`tach m LA nc tdf lubhft trff. Rdf s`npf ac`iubfs
tdf sfif`tfb LA mcb mii LAs ucbfrcfmtd tdf sfif`tfb LA. Gnr fxmkpif, ag m usfr sfif`ts tdf
tnp-ifvfi rfhanc cnbf nc tdf lubhft trff, tdf s`npf waii ac`iubf mii LAs ac tdf rfhanc. Ag
m usfr `ia`es nc m _L, rfpnrts waii nciy lf hfcfrmtfb gnr tdmt _L.

_mrmkftfrs

Lfgnrf hfcfrmtach knst ng tdf ALFT rfpnrts, m usfr as rfquarfb tn spf`agy tdf
pmrmkftfrs mssn`amtfb watd tdf actfcbfb rfpnrt. _mrmkftfr rfgfrs tn tdf vmramlifs m
rfpnrt rfquarfs ac`iubach
ac`iubach m knctd rmchf ms wfii ms tdf `nctfcts ng tdf rnws mcb
`niukcs.

\fpnrts 
DRKI, _BG & Ka`rnsngt Fx`fi \fpnrts 

\fpnrts ac ALFT mrf hfcfrmtfb ac DRKI, _BG mcb Ka`rnsngt Fx`fi gnrkmts. DRKI
rfpnrts mrf baspimyfb ac tdf wfl lrnwsfr, mcb mrf usfgui gnr nciacf acgnrkmtanc

purpnsfs. _BG rfpnrts mrf hfcfrmtfb gnr vafwach ac Mbnlf M`rnlmt \fmbfr. Fx`fi
 <7 
 

\ F _ N \ R A C H  

rfpnrts mrf hfcfrmtfb ac Ka`rnsngt Fx`fi. Rdfsf mrf usfgui ag tdf usfr wnuib iaef tn
kmcapuimtf tdf bmtm gurtdfr nutsabf ng tdf ALFT mppia`mtanc. Fx`fi rfpnrts mrf misn
usfb gnr prnpfriy gnrkmttfb rfpnrt practach su`d ms tdf lubhft lnne mcb cntaga`mtancs.
Dnwfvfr, DRKI rfpnrts `mc misn lf practfb.

Hfcfrmtach \fpnrts
Gahurf <8: \fpnrt _mrmkftfrs

=.  Pfif`t m LA tdmt as m rfpnrtach ucat ‐ m prnjf`t nr sul-mhfc`y ‐ grnk tdf

lubhft trff.

<.  @ia`e nc tdf rfpnrts tml mcb sfif`t m rfpnrt grnk tdf rfpnrts trff mcb
`ia`e nc at. Rdf —\F_N\RP _M\MKFRF\P‑ s`rffc waii mppfmr.

0.   Rdf @nctfxt Rmh mcb tdf cmkf ng tdtdff rfpnrt waii l
lff sdnwc mt tdf tnp
ng tdf rfpnrts pmrmkftfrs s`rffc.

2.  Bfpfcbach nc tdf typf ng rfpnrt, tdf rfquarfb pmrmkftfrs tn spf`agy

 waii vmry.

6.   Rn hfcfrmtf mc DRKI

DRKI rfpnrt, `ia`e n nc
c tdf DRKI \fpn
\fpnrtrt luttnc.
 Rdf rfpnrt waii lf baspimyfb ac td
tdff `nctfct grmkf
grmkf ng tdf kmac s`rffc.
 <8 
 

\ F _ N \ R A C H  

7.   Rn hfcfrmtf mc Fx`fi rfpnrt, `ia`e nc tdf Fx`fi \fpnrt luttnc.

8.   Rn hfcfrmtf m _BG rfpnrt, `ia`e nc

nc tdf _BG \fpn
\fpnrt
rt luttnc.

4.   Xdfc ynu mrf prnkptfb

prnkptfb ly tdf —Gaif Bnwcinmb‑ wacbnw ag ynu w wmct
mct tn
npfc nr smvf tdf Fx`fi/_BG rfpnrt, `ia`e tdf —Npfc‑ luttnc tn vafw
tdf gaif akkfbamtfiy. Mitfrcmtavfiy, ynu `mc smvf tdf gaif tn ynur in`mi
`nkputfr ly `ia`each tdf —Pmvf‑ luttnc. Rn sff tdf smvfb rfpnrt sakpiy
npfc at ac Fx`fi/M`rnlmt \fmbfr.

1.   Xdfc ynu npfc tdf

tdf Fx`fi gaif, ynu waii lf msefb ag ynu wmct tn fcmlif
nr basmlif km`rns. Pac`f tdf gaif as grnk m trustfb snur`f, `ia`e nc tdf
—Fcmlif Km`rns‑ luttnc. Km`rns mrf usfb ac tdf Fx`fi gnr gnrkmttach
purpnsfs. Gnr gurtdfr acgnrkmtanc nc Km`rns, rfgfr tn ALFT Pfttachs
mcb Raps ac Mppfcbax M.

\fpnrts iast
 Rdf gniinwach rfpnrts
rfpnrts `mc lf hfcf
hfcfrmtfb
rmtfb grnk td
tdff Lubhft Mbjustkfc
Mbjustkfctt knbuif.

Lubhft Pukkmrafs 
 Rdfsf rfpnrts sdnw
sdnw tdf `dmchfs tn tdtdff nrahacmi mpprnvfb
mpprnvfb lubhft ng m Lubhftmry
Acstatutanc buf tn lubhft trmcsgfrs, varfkfcts mcb suppifkfcts lrnefc bnwc ly sul
mhfc`y, prnjf`t, mcb atfk ng fxpfcbaturf mcb snur`f ng gacmc`f.

 Mbjustfb Lubhft
Lubhft ly Lub
Lubhftmry
hftmry Acstat
Acstatutanc
utanc
 Rn `nkpmrf mpprnvfb
mpprnvfb lubhft w
watd
atd mbjustfb lubhft ly lubhftmry acstat
acstatutanc.
utanc.

 Mbjustfb Lubhft
Lubhft ly Atfk n
ngg Fxpfcbatu
Fxpfcbaturf rf
 Rn `nkpmrf mpprnvfb
mpprnvfb lubhft w
watd
atd mbjustfb lubhft l
lyy atfk ng fxpfcb
fxpfcbaturf.
aturf.

@df`eiasts
 Rdfsf rfpnrts gm`aiatmtf
gm`aiatmtf tdf vmiabmtanc mcb vfraga`mtanc ng bmtm acput actn tdf lubhft
mbjustkfct knbuif.

Lubhft Rrmcsgfr @df`eiast

 M iast ng lubhft trmcsgfrs ly snur`f mcb bfstacmtanc LAs.

Lubhft Puppifkfct @df`eiast

 M iast ng lubhft suppifkfcts ly bfst
bfstacmtanc
acmtanc LAs.

_ntfctami Bupia`mtf Lubhft Mbjustkfct @df`eiast ly \fpnrtach Vcat

 Rdas rfpnrt baspimys m iast ng lubhft mbjustkfcts fctrafs tdmt kmy dmvf lffc fctfrfb
fctfrfb knrf tdmc

nc`f (buf tn bmtm fctry frrnrs nr bmtm `ncsniabmtanc prnlifks) watdac m pmrta`uimr rfpnrtach
 <4 
 

\ F _ N \ R A C H  

ucat. At bftfrkacfs pntfctami bupia`mtfs ly kmt`dach tdf LA snur`f, bfstacmtanc, snur`f ng

gacmc`f, m``nuct `nbf snur`f, bfstacmtanc mcb mknuct vmiufs gnr tdf trmcsgfrs. Rdas rfpnrt
hrnups mcb snrts tdf pntfctami bupia`mtfs ly rfpnrtach ucat.

_ntfctami Bupia`mtf Lubhft Mbjustkfct @df`eiast (M`rnss \fpnrtach Vcats)

 Rdas rfpnrt baspimys m iast ng lubhft mbjustkfcts fctrafs tdmt kmy dmvf lffc fctfrfb
fctfrfb knrf tdmc
nc`f (buf tn bmtm fctry frrnrs nr bmtm `ncsniabmtanc prnlifks) m`rnss mii rfpnrtach ucats ac tdf
sfif`tfb s`npf. At bftfrkacfs pntfctami bupia`mtfs ly kmt`dach tdf LA snur`f, bfstacmtanc, snur`f
ng gacmc`f, m``nuct `nbf snur`f, bfstacmtanc mcb mknuct vmiufs gnr tdf trmcsgfrs.
 <1 
 

A L F T P F R R A C H P M C B R A _ P  

Mppfcbax M: ALFT Pfttachs mcb Raps

Rdas sf`tanc `nctmacs hfcfrmi acstru`tancs mcb spf`aga` taps `nc`frcach
snkf ng tdf lrnwsfr ms wfii ms sngt
sngtwmrf
wmrf sfttac
sfttachs
hs m usfr sdnuib lf gmkaia
gmkaiamr
mr
watd ac ALFT.

Ftdanpamc Gnct Pfttachs

Kmef tdf gniinwach `dmchfs tn ynur Actfrcft lrnwsfr sfttach ac nrbfr tn lf mlif tn sff
Ftdanpamc gncts `nrrf`tiy watdac tdf ALFT mppia`mtanc. Rn `dmchf tdf wfl pmhf gnct:

=.  Npfc Actfrcft Fxpinrfr.

<.  @ia`e nc tdf —Rnnis‑ atfk ac tdf kfcu lmr mt tdf tnp ng tdf s`rffc.
0.  Grnk tdf brnp bnwc kfcu, `ia`e nc tdf —Actfrcft Nptancs …‑ atfk.

2.   Mc —Actfrcft Nptancs‑

—Hfcfrmi‑ Nptancs‑ wacbnw wa
waiiii mppfmr. @ia`e nc tdf tml imlfifb

Actfrcft Nptancs Xacbnw

6.  @ia`e nc tdf —Gncts‑ luttnc mt tdf lnttnk ng tdf —Hfcfrmi‑ tml.
7.  Nc tdf —Gncts‑ s`rffc tdmt pnps up, `ia`e nc tdf —Imchumhf s`rapt‑ brnp
bnwc mrrnw, mcb sfif`t tdf —Ftdanpa`‑ nptanc.
 0?
 

A L F T P F R R A C H P M C B R A _ P  

8.  Cfxt, sfif`t —Wasumi Hffz Vca`nbf‑ grnk tdf iast ng gncts ac tdf —Xfl
pmhf gnct‑ lnx.

Actfrcft Nptancs Gncts Xacbnw

4.  @ia`e NE tn `insf tdf —Gncts‑ wacbnw, mcb `ia`e NE mhmac tn `insf tdf
—Actfrcft Nptancs‑ wacbnw.

@dmchf tdf tatif lmr mcb tnni taps sfttach:

=.  \ahdt `ia`e nc ynur bfsetnp mcb `ia`e nc tdf —_rnpfrtafs‑ nptanc grnk
tdf kfcu tdmt mppfmrs.
<.   Rdf —Baspimy _rnpfrtafs‑
_rnpfrtafs‑ wacbnw w
waii
aii mppfmr. @ia`e nc tdf —Mppfmrmc`f‑
tml.
0.  @ia`e nc tdf —Mbvmc`fb‑ luttnc ac tdf inwfr rahdt dmcb `nrcfr ng tdf
s`rffc.

2.   Rdf —Mbvmc`fb Mppfmrmc`f‑

Mppfmrmc`f‑ wacbnw waii mp
mppfmr.
pfmr.
6.  @ia`e nc tdf —Atfk‑ brnp bnwc mrrnw mcb sfif`t tdf —M`tavf Ratif Lmr‑
nptanc.
7.  @ia`e nc tdf —Gnct‑ brnp bnwc mrrnw mcb sfif`t —Wasumi Hffz Vca`nbf‑
grnk tdf gnct nptancs.
8.  @ia`e nc tdf —Atfk‑ brnp bnwc mrrnw mcb sfif`t tdf —Rnni Rap‑ nptanc.
4.  @ia`e nc tdf —Gnct‑ brnp bnwc mrrnw mcb sfif`t —Wasumi Hffz Vca`nbf‑
grnk tdf gnct nptancs.
1.  @ia`e —NE‑ tn `insf tdf —Mbvmc`fb Mppfmrmc`f‑ wacbnw.
=?.  @ia`e —NE‑ nc tdf —Baspimy _rnpfrtafs‑ wacbnw tn `insf at.
 0= 
 

A L F T P F R R A C H P M C B R A _ P  

Baspimy _rnpfrtafs Xacbnw

 Mbvmc`fb Mppfmrmc`f Xacbnw

Xacbnw

Pfttach ALFT ms Qnur Dnkfpmhf

Nc`f ynu imuc`d Actfrcft Fxpinrfr, tdf bfgmuit pmhf tdmt mppfmrs `mc lf kmcumiiy sft.
Ag tdf pmhf tdmt mppfmrs as cnt tdf ALFT inhac s`rffc:

=.  Fctfr tdf `nrrf`t V\I gnr tdf mppia`mtanc ac tdf mbbrfss lmr cfmr tdf
dttp://www.alfx.hnv.ft/alfx
tnp ng tdf pmhf. ( d ttp://www.alfx.hnv.ft/alfx )
 0< 
 

A L F T P F R R A C H P M C B R A _ P  

<.  Nc tdf Actfrcft Fxpinrfr Kfcu Lmr, `ia`e nc —Rnnis‑ mcb tdfc —Actfrcft
Nptancs‑
0.  Vcbfr tdf Hfcfrmi tml, ucbfr tdf —Dnkf _mhf‑ sf`tanc, tdfrf mrf twn
 wmys tn sft ALFT ms tdf bfgmuit
bfgmuit dnkfpmhf.
2.  Ag ynu dmvf mirfmby typfb tdf `nrrf`t V\I ac tdf lrnwsfr pmhf, tdfc
sakpiy `ia`e nc —Vsf @urrfct‑. Ag cnt, tdfc typf tdf `nrrf`t V\I ac tdf
 Mbbrfss lnx mcb `ia`e
`ia`e NE.

Actfrcft Nptancs Xacbnw

@ia`each nc tdf —Lm`e‑ Luttnc

ALFT as mc mppia`mtanc tdmt wnres ac m wfl-lrnwsfr. Dnwfvfr, usach `nkknc Actfrcft

Fxpinrfr tnnis su`d ms tdf —Lm`e‑ nr —\fgrfsd‑ luttncs as cnt rf`nkkfcbfb, mcb waii
ngtfc hfcfrmtf frrnrs. ALFT as kmbf tn lf `nkpiftfiy fx`iusavf ng tdf wfl lrnwsfr
guc`tancmiatafs. Ms su`d, tdf usfr `mc actfrm`t watd ALFT ly sakpiy usach tdf —@mc`fi‑,
—Fxat‑, —Lm`e‑, —Dnkf‑ ft`. luttncs mcb iaces mvmaimlif.

Actfrcft Fxpinrfr Rakach Nut

Ag tdf usfr bnfs cnt actfrm`t watd ALFT gnr m pfranb ng takf, Actfrcft Fxpinrfr waii
tfrkacmtf tdf `nccf`tanc watd tdf sfrvfr, wda`d as `miifb Rakach Nut. Xdfcfvfr tdf
 wfl lrnwsfr insfs tdf
tdf `nccf`tanc wat
watd
d tdf sfrvfr, td
tdff usfr as mutnkmta`mi
mutnkmta`miiy
iy barf`tfb tn
tdf inhac pmhf.
 00 
 

A L F T P F R R A C H P M C B R A _ P  

P`rffc \fsniutanc

ALFT dms m kacakuk s`rffc rfsniutanc rfquarfkfct,

rfquarfkfct, wda`d as =?<2 ly 874. Rn sft tdf
s`rffc rfsniutanc:

=.  \ahdt `ia`e nc tdf bfsetnp mcb `ia`e nc prnpfrtafs.

<.  Nc`f tdf baspimy prnpfrtafs baminhuf-lnx mppfmrs, `ia`e nc tdf
—Pfttachs‑ tml.
0.  Vcbfr tdf —P`rffc \fsniutanc‑ sf`tanc, brmh tdf pnactfr tn tdf
kacakuk rfsniutanc rfquarfkfct
rfquarfkfct mcb `ia`e NE tn smvf tdf cfw
sfttachs.

P`rffc \fsniutanc Pfttachs

Bnulif-@ia`each

Actfrm`tach ac ALFT as nciy bncf ly sachif `ia`es. Ag m usfr `ia`es knrf tdmc nc`f, tdf
actfrcmi acquary waii sfcb knrf tdmc ncf rfqufst, tdfrfly nvfrginwach tdf actfrcmi
s`dfkf, pntfctamiiy rfsuitach ac mppia`mtanc frrnrs. Rdfrfgnrf, m usfr sdnuib nciy usf
sachif `ia`es mcb wmat gnr tdf acquarfb pmhfs tn lf baspimyfb.
 02 
 

A L F T P F R R A C H P M C B R A _ P  

Km`rns ac Fx`fi

Km`rns mrf usfb tn prf-gnrkmt tdf Ka`rnsngt Fx`fi rfpnrts sn tdmt tdfy `nuib lf
 vafwfb watd tdfar actfcbfb gnrk
gnrkmts.
mts. Lut ag tdf sf`ur
sf`uraty
aty ifvfi gnr Km`rn
Km`rnss as sft tn dahd ac
Fx`fi, at waii snkftakfs lf akpnssalif tn ruc Km`rns. Ac nrbfr tn ift Fx`fi miinw m
Km`rn tn lf vasalif wdfc hfcfrmtach ALFT rfpnrts, ynu `mc bn tdf gniinwach.

=.  Npfc Ka`rnsngt Fx`fi.

<.  Vcbfr tdf Kfcu Lmr, hn tn Rnnis  Km`rn  Pf`uraty.
0.  Ag tdf sf`uraty Ifvfi as sft tn dahd, sft as lm`e tn kfbauk ly `ia`each
cfxt tn tdf nptanc. Ly bfgmuit, Fx`fi sfts tdf Km`rns sf`uraty ifvfi tn
dahd.

ALFT @ncgahurmtanc

 Rdfrf mrf twn acstmiimtanc

acstmiimtanc `ncgahurmtancs
`ncgahurmtancs ng ALFT - ncf tdmt as akpifk
akpifkfctfb
fctfb ac rfhancmi

LNGFBs mcb KNGFB mcb

tdfar LNGFB/KNGFB,
LNGFB/KNGFB , mcbasncf
acstmctiy
tdmt asm``fssalif lycnc-cftwnrefb
acstmiifb ac mii rfpnrtach ucats cftwnrefb
in`mtancs. watd
Vsach
tdf cftwnrefb `ncgahurmtanc, tdf cftwnrefb ucats npfrmtf ALFT ms ag tdfy mrf wnreach
grnk watdac tdf rfhancmi lurfmu, rfsuitach ac rfmi-takf bmtm actfhrmtanc ng mii cftwnrefb
ucats, mcb miinwach tdf usfrs watd mbkacastrmtanc pravaifhfs tn m``fss mii bmtm grnk mcy
in`mtanc. Dnwfvfr, gnr usfrs watd tdf stmcbmincf vfrsanc ng ALFT, at waii lf cf`fssmry
tn trmcspnrt tdf bmtm nc m rfhuimr lmsas ms rfquarfb ly prn`fburfs, wda`d waii tdfc lf
barf`tiy akpnrtfb actn mcntdfr vfrsanc ng ALFT - stmcbmincf nr cftwnrefb - usach tdf
Bmtm Kahrmtanc tnnis in`mtfb watdac tdf systfk.
 06 
 

A L F T P F R R A C H P M C B R A _ P