{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETP",
        "replication_method": "synthetic",
        "leverage": true,
        "derivatives": true,
        "swaps": true,
        "inverse": false,
        "complex_factors": [
            "Leverage",
            "Synthetic Replication",
            "Compounding Effect",
            "Daily Reset of Leverage",
            "High Risk Indicator (7/7)"
        ],
        "classification": "complex",
        "supporting_data": "The WisdomTree Emerging Markets 3x Daily Leveraged ETP is explicitly designed to provide 3 times the *daily* performance of an index. This daily leverage, coupled with the inherent 'compounding effect' which means performance deviates from 3x the index over longer periods, points to a complex structure. The document also explicitly states 'You are about to purchase a product that is not simple and may be difficult to understand.' Furthermore, it is classified as the highest risk class (7 out of 7). The use of futures contracts and the mention of 'rolling' futures also indicate a synthetic replication method, which, along with leverage and the compounding effect, makes it complex for a retail investor to fully comprehend. The high risk indicator and the explicit statement about difficulty in understanding are strong indicators of complexity under MiFID II."
    }
}