Info
🔗 Back to Summary. 🇫🇷 French Version: 2017R0653_FR.6. Back to Summary of LVL1. Open the PDF.
Article 5 – ‘What are the costs?’ section ⬅️ | ➡️ Article 7 – ‘How can I complain?’ section
Article 6 - ‘How long should I hold it and can I take my money out early?’ section
PRIIP manufacturers shall include the following in the section entitled ‘How long should I hold it and can I take my money out early?’ of the key information document:
(a)
a brief description of the reasons for the selection of the recommended, or the minimum required, holding period;
(b)
a description of the features of the disinvestment procedure and when disinvestment is possible, including an indication of the impact of cashing-in early on the risk or performance profile of the PRIIP, or on the applicability of capital guarantees;
(c)
information about any fees and penalties which are incurred for disinvestments prior to maturity or any other specified date other than the recommended holding period, including a cross reference to the information on costs to be included in the key information document pursuant to Article 5 and a clarification of the impact of such fees and penalties for different holding periods.