1.
For a contract concluded by means of an online interface or by other digital means for the continuous supply of products with a duration of less than six months that provides for an automatic extension of the contract, the trader shall remind the consumer in a clear and prominent manner on a durable medium of the upcoming extension and the consumer’s right to terminate the contract at the latest one week before the automatic extension which either results in the initial contract duration (or any subsequent extension period) to reach six months or constitutes the tenth extension of the contract, whichever occurs earlier.
2.
The reminder pursuant to paragraph 1 shall clearly indicate the date of the upcoming contract extension, the duration until the subsequent date of extension, the price, and the conditions for terminating the contract, including, where applicable, a reference or direct link to the contract termination function referred to in Article 23.
3.
Where the reminder has not been sent to the consumer in accordance with paragraphs 1 and 2, the consumer shall have the right to terminate the contract free of charge at any time from the date that the reminder was due until the date the trader sends a reminder, without having to respect any notice period and without payment being due for the period between the date the reminder was due and the date of termination of the contract.
4.
By way of derogation from the requirements under paragraph 1, in the context of investment services as defined in point (2) of Article 4(1) of Directive 2014/65/EU, if the consumer provides the trader with explicit consent for an automatic extension of the short-term investment contract in financial instruments they entered into with the trader, the extension of this contract shall occur automatically without the obligation for the trader to remind the consumer until the consumer requests its termination, or until the conditions associated to the automatic extension are no longer fulfilled.