{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": "The ETF tracks an SRI (Sustainable and Responsible Investment) index. While the index itself is based on a transparent methodology, the selection of companies with high ESG ratings and the exclusion of those with negative impacts, combined with the climate transition-focused reweighting strategy to meet EU PAB requirements, can introduce complexity.",
        "classification": "non-complex",
        "supporting_data": "The ETF is a UCITS compliant ETF, meaning its structure is heavily regulated. It uses direct replication, which typically means holding the underlying assets of the index. The ETF may use derivatives for EPM purposes such as dealing with inflows and outflows. The index it tracks is based on a UK market, and has a transparent methodology, and the objective is to track the performance of the index. There is no leverage, capital protection or complex index methodology mentioned in the KID. Securities lending is allowed but it's unlikely to introduce significant complexity given UCITS rules and risk mitigation. The risk level is moderate (3/7 on the KID scale). All of the supporting data indicate that this asset is non-complex. ESMA is unlikely to classify as complex."
    }
}