{
    "success": true,
    "data": {
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The iShares Core MSCI EMU UCITS ETF GBP Hedged (Dist) Share Class is a UCITS ETF that aims to replicate the performance of the MSCI EMU Index. Based on the provided information, this ETF uses physical replication by holding the equity securities that make up the index. The KID also states that the fund may use financial derivative instruments (FDIs), including FX forward contracts, for currency hedging purposes, it does not use these for leveraging or creating synthetic positions, but to reduce the effect of exchange rate fluctuations. Since the ETF tracks a well-established index, the investment strategy is transparent and straightforward.  The index measures the performance of large and mid-market capitalisation companies across developed market countries in the European Economic and Monetary Union (EMU) according to the MSCI size, liquidity and free float criteria. Therefore it does not have complex structures. The fund's risk profile is normal for an equity ETF. The use of derivatives is limited to currency hedging, which does not inherently make the ETF complex.  Given these characteristics, the ETF meets the criteria for non-complexity under MiFID II and aligns with the definition in CESR/09-295."
    }
}