Paragraph 3 of Article 3 to be amended as follows:
Article 3
‘What are the risks and what could I get in return?’ section
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3. PRIIP manufacturers shall include three four appropriate performance scenarios, as set out in Annex V in the section entitled ‘What are the risks and what could I get in return?’ of the key information document. Those three four performance scenarios shall represent a stress scenario, an unfavourable scenario, a moderate scenario and a favourable scenario.
Annex IV to be amended as follows:
ANNEX IV
PERFORMANCE SCENARIOS
Number of scenarios
1. The three four performance scenarios under this Regulation which shall show a range of possible returns, shall be the following:
(a) a favourable scenario;
(b) a moderate scenario;
(c) an unfavourable scenario;
(d) a stress scenario.
2. The stress scenario shall set out significant unfavourable impacts of the product not covered in the unfavourable scenario referred to in point 1(c) of this Annex. The stress sce
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