{
    "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 HSBC EUROPE EX UK SUSTAINABLE EQUITY UCITS ETF aims to track the FTSE Developed Europe ex UK ESG Low Carbon Select Index. The ETF uses physical replication to achieve its investment objective. The KID document indicates the ETF uses derivatives for efficient portfolio management, and the derivative use is limited to this and does not exceed 5%. The ETF invests in shares of companies, and the structure and risks (market volatility, tracking error) are straightforward for retail investors with basic knowledge. It does not use significant leverage, or other complex features. The index tracked excludes companies with exposure to tobacco, thermal coal extraction, electricity generation, gambling, adult entertainment and controversial weapons. The KID indicates the ETF has a high-risk rating (6/7 on the KID risk scale), which reflects market volatility, but not structural complexity. This does not make the asset complex under MiFID II. The ETF falls under the MiFID II rules about the asset being non-complex as per the document."
    }
}