It is just a waypoint, simple as that. It is an overlay, and overlay that uses existing waypoints. Call it the NDB, call it whatever you want, it is simply a waypoint in a database to be used.
You will still assign the procedure define variable such as at or above altitude and/or speed restrictions.
reynolds, no, that is not correct on the definition, a conventional fix is not by definition a flyover waypoint.
In RNP procedure design, we use very, very, very few flyover ways points. The FMS interprets the flyover command in ways you dont want to go through. I dont even use FO on the RW waypoint....
My assistant and I are currently flight validating a new RNP-AR procedure.