Ribbon bar on a metal carriage to allow it to slide onto stacking ribbon bars. A central slot allows the addition of emblems without having the need to purchase a new ribbon.
Instituted in 1999 to replace the Royal Naval Reserve Decoration, the Royal Naval Reserve Long Service and Good Conduct Medal, the Efficiency Decoration, the Efficiency Medal and the Air Efficiency Award. At the same time the period of service was reduced to 10 years.
This is awarded to all ranks of the reserve forces.
Members of the HAC wear their own ribbon with this decoration, see here:-
Volunteer Reserve Service Medal (HAC).