ANNEX III
Info
🔗 Back to Summary. 🇫🇷 French Version: 2021R2268_FR.III. Back to Summary of LVL1. Link to the PDF.
point 1 is replaced by the following:
‘1.
PRIIP manufacturers shall use the format below for the presentation of the SRI in the key information document. The relevant number shall be highlighted as shown depending on the SRI for the PRIIP.
’ point 3 is replaced by the following:
‘3.
Immediately below the SRI, the time frame of the recommended holding period shall be indicated. In addition, a warning shall be included directly below the SRI as set out in the above template in the following cases:
(a)
where the risk of the PRIIP is considered to be significantly higher if the holding period is different;
(b)
where a PRIIP is considered to have a materially relevant liquidity risk, whether this is contractual in nature or not;
(c)
where a PRIIP is considered to be illiquid whether this is contractual in nature or not.’; the following point 6a is inserted:
‘6a.
For Category 1 PRIIPs as defined in point 4(b) of Annex II, the terminology used for the narratives explanations accompanying the SRI shall be adjusted, where appropriate, to reflect the specific features of the PRIIP, such as the absence of an initial investment amount.’# 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]”” |