Annex III to Delegated Regulation (EU) 2017/653 is amended as follows:
point 1 is replaced by the following:
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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.
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point 3 is replaced by the following:
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:
where the risk of the PRIIP is considered to be significantly higher if the holding period is different;
where a PRIIP is considered to have a materially relevant liquidity risk, whether this is contractual in nature or not;
where a PRIIP is considered to be illiquid whether this is contractual in nature or not.’;
the following point 6a is inserted:
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.’