{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [
            "Securities Lending",
            "Derivatives for EPM"
        ],
        "classification": "non-complex",
        "supporting_data": "The ETF is UCITS compliant and uses a physical replication method to track the MSCI EMU index, which is a well-known equity index. The ETF description indicates that it may employ techniques and instruments, including derivatives, to manage risk, reduce costs, and improve results, described as 'efficient portfolio management (EPM)'. The ETF also engages in secured lending to generate additional income. Although securities lending and the use of derivatives might be considered complex factors, the ETF uses them only for portfolio risk management (EPM) which supports a 'non-complex' classification under MIFID II. The KIID is clear and is free from elements that create a lack of client understanding. The underlying MSCI EMU Index itself represents a simple equity index. In isolation neither Securities lending nor derivative EPM would classify the asset as complex.",
        "complex": false,
        "derivates": false
    }
}