2021R2268_EN.I

ANNEX I - TEMPLATE FOR THE KEY INFORMATION DOCUMENT

Info

🔗 Back to Summary. 🇫🇷 French Version: 2021R2268_FR.I. Back to Summary of LVL1. Link to the PDF.

Article 2 – This Regulation shall enter into force on the twentieth day following that of its publication in the ⬅️ | ➡️ Article II –

ANNEX I

TEMPLATE FOR THE KEY INFORMATION DOCUMENT

PRIIP manufacturers shall comply with the section order and titles set out in the template, which however does not fix parameters regarding the length of individual sections and the placing of page breaks, and is subject to an overall maximum of three sides of A4-sized paper when printed.

Key Information Document

Purpose

This document provides you with key information about this investment product. It is not marketing material. The information is required by law to help you understand the nature, risks, costs, potential gains and losses of this product and to help you compare it with other products.

Product

[Name of Product]

[Name of PRIIP manufacturer]

(where applicable)

[ISIN or UPI]

[website for PRIIP manufacturer]

[Call [telephone number] for more information]

[[Name of Competent Authority] is responsible for supervising [Name of PRIIP Manufacturer] in relation to this Key Information Document]

(where applicable)

[This PRIIP is authorised in [name of Member State]]

(where applicable)

[[Name of UCITS management company] is authorised in [name of Member State] and regulated by [identity of competent authority]

(where applicable)

[Name of AIFM] is authorised in [name of Member State] and regulated by [identity of competent authority]

[date of production of the KID]

[Alert (where applicable)

You are about to purchase a product that is not simple and may be difficult to understand]

What is this product?

Type

Term

Objectives

Intended retail investor

[Insurance benefits and costs]

What are the risks and what could I get in return?

Risk

Description of the risk-reward profile

Indicator

Summary Risk Indicator

SRI template and narratives as set out in Annex III, including on possible maximum loss: can I lose all invested capital? Do I bear the risk of incurring additional financial commitments or obligations? Is there capital protection against market risk?

Performance

Performance Scenario templates and narratives as set out in Annex V

Scenarios

Scenarios including where applicable information on conditions for returns to retail investors or built-in performance caps, and statement that the tax legislation of the retail investor’s home Member State may have an impact on actual payout

What happens if [PRIIP manufacturer] is unable to pay out?

Information on whether there is a guarantee scheme, the name of the guarantor or investor compensation scheme operator, including the risks covered and those not covered.

What are the costs?

Narratives on information to be included on other distribution costs

Costs over Time

Template and narratives according to Annex VII

Composition of Costs

Template and narratives according to Annex VI

How long should I hold it and can I take money out early?

Recommended [required minimum] holding period: [x]

Information on whether one can disinvest before maturity, the conditions for this, and applicable fees and penalties if any. Information on the consequences of cashing-in before the end of the term or before the end of the recommended holding period.

How can I complain?

Other relevant information

Where applicable a short description of the information published on past performance

’# Table 1 in anx_I

Key Information Document
PurposeThis document provides you with key information about this investment product. It is not marketing material. The information is required by law to help you understand the nature, risks, costs, potential gains and losses of this product and to help you compare it with other products.
Product[Name of Product][Name of PRIIP manufacturer](where applicable)[ISIN or UPI][website for PRIIP manufacturer][Call [telephone number] for more information][[Name of Competent Authority] is responsible for supervising [Name of PRIIP Manufacturer] in relation to this Key Information Document](where applicable)[This PRIIP is authorised in [name of Member State]](where applicable)[[Name of UCITS management company] is authorised in [name of Member State] and regulated by [identity of competent authority](where applicable)[Name of AIFM] is authorised in [name of Member State] and regulated by [identity of competent authority][date of production of the KID]
[Alert (where applicable)You are about to purchase a product that is not simple and may be difficult to understand]
What is this product?TypeTermObjectivesIntended retail investor[Insurance benefits and costs]
What are the risks and what could I get in return?
Risk
Indicator
Performance
Scenarios
What happens if [PRIIP manufacturer] is unable to pay out?Information on whether there is a guarantee scheme, the name of the guarantor or investor compensation scheme operator, including the risks covered and those not covered.
What are the costs?Narratives on information to be included on other distribution costs
Costs over Time
Composition of Costs
How long should I hold it and can I take money out early?
Recommended [required minimum] holding period: [x]
Information on whether one can disinvest before maturity, the conditions for this, and applicable fees and penalties if any. Information on the consequences of cashing-in before the end of the term or before the end of the recommended holding period.
How can I complain?
Other relevant informationWhere applicable a short description of the information published on past performance

Table 1 in anx_II

MRM class	VaR-equivalent volatility (VEV)
1	< 0,5  %
2	≥ 0,5  % and < 5,0  %
3	≥ 5,0  % and < 12  %
4	≥ 12  % and < 20  %
5	≥ 20  % and < 30  %
6	≥ 30  % and < 80  %
7	≥ 80  %’

Table 1 in anx_IV

	1 year	> 1 year
Daily prices	21	63
Weekly prices	8	16
Monthly prices	6	12

Table 1 in anx_V

Recommended holding period:	[]
Example Investment:	[EUR 10 000 ]
(Where applicable)Insurance premium:	[monetary amount]
	If you [exit] after 1 year
(where applicable)	(where applicable)
[Survival] Scenarios
Minimum	[Monetary amount]or[There is no minimum guaranteed return [if you [exit] before […years/months/days]](where applicable). You could lose some or all of your investment [or have to make further payments to cover losses](where applicable)]
Stress	What you might get back after costs
	Average return each year
Unfavourable	What you might get back after costs
	Average return each year
Moderate	What you might get back after costs
	Average return each year
Favourable	What you might get back after costs
	Average return each year
(Where applicable)[Death] Scenario
[Insured event]	What your beneficiaries might get back after costs

Table 2 in anx_V

Recommended holding period:	[]
Example Investment:	[EUR 1 000 ] per year
(Where applicable)Insurance premium:	[monetary amount] per year
	If you [exit] after 1 year
(where applicable)	(where applicable)
[Survival] Scenarios
Minimum	[Monetary amount]or[There is no minimum guaranteed return [if you [exit] before […years/months/days]](where applicable). You could lose some or all of your investment [or have to make further payments to cover losses](where applicable)]
Stress	What you might get back after costs
	Average return each year
Unfavourable	What you might get back after costs
	Average return each year
Moderate	What you might get back after costs
	Average return each year
Favourable	What you might get back after costs
	Average return each year
Amount invested over time	[] EUR
(Where applicable)[Death] Scenario
[Insured event]	What your beneficiaries might get back after costs
Insurance premium taken over time	[] EUR

Table 3 in anx_V

Recommended holding period:	Until the product is called or maturesThis may be different in each scenario and is indicated in the table
Example Investment:	[EUR 10 000 ]
	If you [exit] after 1 year
(where applicable)	(where applicable)
Scenarios
Minimum	[Monetary amount]or[There is no minimum guaranteed return [if you [exit] before […years/months/days]](where applicable). You could lose some or all of your investment [or have to make further payments to cover losses](where applicable)]
Stress	What you might get back after costs
(product ends after [])	Average return each year
Unfavourable	What you might get back after costs
(product ends after [])	Average return each year
Moderate	What you might get back after costs
(product ends after [])	Average return each year
Favourable	What you might get back after costs
(product ends after [])	Average return each year

Table 1 in anx_VII

	If you [exit] after 1 year(where applicable)	If you [exit] after [1/2 recommended holding period](where applicable)	If you [exit] after [recommended holding period]
Total costs	[] EUR	[] EUR	[] EUR
Annual cost impact(*1)	[] %	[] % each year	[] % each year
(*1)“This illustrates how costs reduce your return each year over the holding period. For example it shows that if you exit at the recommended holding period your average return per year is projected to be [] % before costs and [] % after costs.”(Where applicable):“We may share part of the costs with the person selling you the product to cover the services they provide to you.(Where applicable)[They will inform you of the amount].”(Where applicable):“These figures include the maximum distribution fee that the person selling you the product may charge ([] % of amount invested/[] EUR). This person will inform you of the actual distribution fee.”;

Table 2 in anx_VII

	If you [exit] after 1 year(where applicable)	If you [exit] after [1/2 recommended holding period](where applicable)	If you [exit] after [recommended holding period]
Total costs
— Insurance contract— Investment options	[] EUR[] – [] EUR	[] EUR[] – [] EUR	[] EUR[] – [] EUR
Annual cost impact(*1)
— Insurance contract— investment options	[] %[] – [] %	[] % each year[] – [] % each year	[] % each year[] – [] % each year
(*1)“This illustrates how costs reduce your return each year over the holding period. For example it shows that if you exit at the recommended holding period your average return per year is projected to be [] % before costs and [] % after costs.”(Where applicable):“We may share part of the costs with the person selling you the product to cover the services they provide to you.(Where applicable)[They will inform you of the amount.]”(Where applicable):“These figures include the maximum distribution fee that the person selling you the product may charge ([] % of amount invested/[] EUR). This person will inform you of the actual distribution fee.”

Table 3 in anx_VII

	If the product is called at the first possible date []	If the product reaches maturity
Total costs	[] EUR	[] EUR
Annual cost impact(*1)	[] %	[] % each year
(*1)“This illustrates how costs reduce your return each year over the holding period. For example, it shows that if you exit at maturity your average return per year is projected to be [] % before costs and [] % after costs.”(Where applicable):“We may share part of the costs with the person selling you the product to cover the services they provide to you.(Where applicable)[They will inform you of the amount.]”(Where applicable):“These figures include the maximum distribution fee that the person selling you the product may charge ([] % of amount invested/[] EUR). This person will inform you of the actual distribution fee.”

Table 4 in anx_VII

One-off costs upon entry or exit	(PRIPs): If you [exit] after [1 year/recommended holding period(if less than 1 year)](Insurance based investment products): Annual cost impact if you [exit] after [recommended holding period]
Entry costs	[Describe nature in no more than 300 characters. Examples:— “[] % of the amount you pay in when entering this investment”— “[] % of the first [] premiums you pay”— “These costs are already included in the [price/premiums] you pay”— “This includes distribution costs of [[] % of amount invested/[] EUR]. [This is the most you will be charged]. [The person selling you the product will inform you of the actual charge]”— “We do not charge an entry fee”]
Exit costs	[Describe nature in no more than 300 characters. Examples:— “[] % of your investment before it is paid out to you”— “We do not charge an exit fee for this product, [but the person selling you the product may do so]”(Where exit costs only apply in specific circumstances)– “These costs only apply if(explain circumstances or an example in maximum 200 characters)”For insurance-based investment products where exit costs only apply before exit at the recommended holding period, the column to the right shall state “N/A” and the following statement shall be included in this column in addition to the descriptions above: “Exit costs are stated as “N/A” in the next column as they do not apply if you keep the product until the recommended holding period”
Ongoing costs [taken each year]
Management fees and other administrative or operating costs	[Describe basis in no more than 150 characters. Example:“[] % of the value of your investment per year”].This is an estimate based on actual costs over the last year.
Transaction costs	[] % of the value of your investment per year. This is an estimate of the costs incurred when we buy and sell the underlying investments for the product. The actual amount will vary depending on how much we buy and sell.
Incidental costs taken under specific conditions
Performance fees [and carried interest]	[[Describe in no more than 300 characters]. The actual amount will vary depending on how well your investment performs. The aggregated cost estimation above includes the average over the last 5 years.] or [There is no performance fee for this product].
(Where applicable):“Different costs apply depending on the investment amount [explain circumstances or use an example in maximum 150 characters]”

Table 5 in anx_VII

One-off costs upon entry or exit	Annual cost impact if you [exit] after [recommended holding period]
Entry costs	[Describe nature in no more than 300 characters. Examples:— “[] % of the amount you pay in when entering this investment”— “[] % of the first [] premiums you pay”— “These costs are already included in the [price/premiums] you pay”— “This includes distribution costs of [[] % of amount invested/[] EUR]. [This is the most you will be charged]. [The person sellingyou the product will inform you of the actual charge]”— “We do not charge an entry fee”]
Exit costs	[Describe nature in no more than 300 characters. Examples:— “[] % of your investment before it is paid out to you”.— “We do not charge an exit fee for this product, [but the person selling you the product may do so]”.(Where exit costs only apply in specific circumstances)– “These costs only apply if(explain circumstances or an example in maximum 200 characters)”For insurance-based investment products where exit costs only apply before exit at the recommended holding period, the column to the right shall state “N/A” and the following statement shall be included in this column in addition to the descriptions above: “Exit costs are stated as “N/A” in the next column as they do not apply if you keep the product until the recommended holding period.”
Ongoing costs taken each year
Management fees and other administrative or operating costs	[Describe basis in no more than 150 characters. Example:“[] % of the value of your investment per year”].This is an estimate based on actual costs over the last year.
Transaction costs	[] % of the value of your investment per year. This is an estimate of the costs incurred when we buy and sell the underlying investments for the product. The actual amount will vary depending on how much we buy and sell.
Incidental costs taken under specific conditions
Performance fees [and carried interest]	[[Describe in no more than 300 characters]. The actual amount will vary depending on how well your investment performs. The aggregated cost estimation above includes the average over the last 5 years.] or [There is no performance fee for this product].
(Where applicable):  “Different costs apply depending on the investment amount [explain circumstances or use an example in maximum 150 characters]””