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Pelham,
It has elements of both a curb bit and a snaffle bit. In this respect a Pelham bit functions similar to a double bridle, and like a double bridle it normally has "double" reins: a set of curb reins and a set of snaffle reins.
Because it has a bit shank and can exert curb-style pressure on the horse, it is considered a curb bit.
Like all curb bits, a Pelham bit has a mouthpiece, shanks with both purchase and lever arms, a ring for rein attachment at the bottom of the shank, and a curb chain.