(9)Articles 13 and 14 are replaced by the following:‘Article 13“What are the costs?” section in the generic key information documentIn the section titled “What are the costs?”, by way of derogation from Article 5(1), point (b), PRIIP manufacturers shall specify the following:
(a)where the costs of the PRIIP other than the costs for the underlying investment option cannot be provided in a single figure, including where those costs vary depending on the underlying investment option selected:
(i)the range of costs for the PRIIP in the “Costs over time” and “Composition of costs” tables set out in Annex VII;
(ii)a statement indicating that the costs to the retail investor vary on the basis of the underlying investment options;
(a)a comprehension alert, where relevant;
(b)where the costs of the PRIIP other than the costs for the underlying investment options can be provided in a single figure:
(i)those costs shown separately from the range of costs for the underlying investment options offered by the PRIIP in the “Costs over time” and “Composition of costs” tables set out in Annex VII;
(ii)a statement indicating that the total costs to the retail investor consist of a combination of the costs for the underlying investment options chosen and other costs of the PRIIP and vary on the basis of the underlying investment options.
(b)the investment objectives, the means for achieving them, and the intended target market as referred to in Article 2(2) and (3);
(c)a summary risk indicator and narrative, and performance scenarios, as referred to in Article 3;
(d)a presentation of the costs, in accordance with Article 5, including a statement on whether or not those costs include all of the costs of the PRIIP in the case that the retail investor invests in that specific investment option only;
(e)for underlying investment options that are UCITS as defined in point 1(a) of Annex VIII, AIFs as defined in point 1(b) of that Annex, or unit-linked insurance-based investment products as defined in point 1(c) of that Annex, information about past performance as required by Article 8(3).
Article 14Specific information on each underlying investment optionThe specific information on each underlying investment option, referred to in Article 10, point (b), shall be provided in a specific information document supplementing the generic key information document. PRIIP manufacturers shall include for each underlying investment option all of the following:The information referred to in points (a) to (e) of this paragraph shall follow the structure of the relevant parts of the template laid down in Annex I.’;