An optical effect layer (OEL) comprising a plurality of non-spherical magnetic or magnetizable particles, wherein at least a part of the plurality of non-spherical magnetic or magnetizable particles is constituted by non-spherical optically variable magnetic or magnetizable pigments, and wherein the non-spherical magnetic or magnetizable particles are dispersed in a coating composition comprising a binder material,
- the OEL comprising two or more loop-shaped areas, being nested around a common central area that is surrounded by the innermost loop-shaped area,
- wherein, in each of the loop-shaped areas, at least a part of the plurality of non-spherical magnetic or magnetizable particles are oriented such that, in a cross-section perpendicular to the OEL layer and extending from the center of the central area to the outer boundary of the outermost loop-shaped area, the longest axis of the particles in each of the cross-sectional areas of the looped-shaped areas follow a tangent of either a negatively curved or a positively curved part of hypothetical ellipses or circles.