{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "This UCITS ETF, the iShares Core MSCI EMU UCITS ETF (Acc), is classified as non-complex under MiFID II.  The ETF aims to track the MSCI EMU Index using physical replication, holding the equity securities in similar proportions to the index. The KID states it uses financial derivative instruments (FDIs) for direct investment purposes, though it does not make them integral to the strategy, as stated in the rules, the ETF primarily focuses on directly holding the equities of the EMU index, the structure and risks (market volatility, tracking error) are easily understood by investors with basic knowledge, the main risk is market volatility. Securities lending is mentioned but is presented as a secondary feature, and its revenue sharing structure does not increase the running costs. The fund is suitable for medium to long term investment.  Based on the provided information, there is no evidence of complex structures, significant leverage, or opaque features. The ETF operates under the UCITS framework, further supporting a non-complex classification. The fund does not embed derivatives and has a transparent structure. This is supported by CESR/09-295, which states that UCITS are non-complex assets as defined by the regulations."
    }
}