This is an unauthorised version of the Rubik's Magic Master Edition, so it is also a 2×6 Rubik's Magic. I don't know the name this version was sold under, but I call it Magic Rings. The design shows a small logo reading "V.V.V. puzzle", the year 1987, and the two signatures of the designers. The rectangular starting position shows five linked circular rings. The solved arrangement is in the shape of a cross, with the yellow ring in the centre.
An interesting feature of this version is that the string loops are longer. There are only 12 loops, each wrapping around 5 tiles. If you wish to make one yourself you can just use the standard loops that are 3 tiles long. See the section on making our own magic.