{
    "success": true,
    "data": {
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": "The ETF's underlying index, Solactive GBS Japan Large & Mid Cap Index, is transparent and directly replicated with physical assets. Derivatives are only used for EPM, therefore this is Non-Complex",
        "classification": "non-complex",
        "supporting_data": "The AMUNDI PRIME JAPAN - UCITS ETF DR directly replicates the Solactive GBS Japan Large & Mid Cap Index using physical replication. Derivatives are used for efficient portfolio management (EPM) purposes, such as dealing with inflows/outflows, but not as an inherent part of the investment strategy. No leverage or complex structures are identified. This aligns with the MiFID II criteria for a non-complex classification. There is no embedded derivates and the asset appears to be straightforward. The KID document also implies that the ETF is accessible to those with a basic understanding of the market. The use of securities lending exists but its not the primary feature of the asset.",
        "ESMA_guidance": "The asset is designed to be non-complex under ESMA guidance due to its direct replication of a transparent index and the limited use of derivatives for EPM. The guidance on obtaining information from clients and assessing appropriateness is indirectly followed by the ETF's straightforward nature, where the risks and payoff are easily understood by retail investors. The ESMA guidance on warnings is not relevant in this case, as the ETF is non-complex."
    }
}