{
    "success": true,
    "response": "```json{  'leverage': false,  'derivates': false,  'swaps': false,  'inverse': false,  'replication_method': 'physical',  'ucits': true,  'type': 'ETF',  'complex_factors': [],  'classification': 'non-complex',  'supporting_data': 'The asset is classified as a UCITS ETF, which benefits from a presumption of non-complexity. This presumption is maintained because the ETF uses direct (physical) replication to track its benchmark index, which makes its structure transparent and straightforward for retail investors to understand. While the ETF may use derivative instruments, their stated purpose is solely for efficient portfolio management (e.g., managing inflows/outflows, achieving better index constituent exposure), not as an integral part of its investment objective or replication strategy. This aligns with the non-complex criteria for derivative use. The ETF also engages in securities lending, but this is described as a secondary activity to offset costs and, within the UCITS framework, does not typically lead to a complex classification on its own. The underlying index, MSCI Europe ESG Broad CTB Select Index, is transparent with publicly available methodology, despite its ESG and climate transition criteria. There is no indication of significant leverage, embedded derivatives for primary objective, or other opaque features that would overturn the non-complex presumption. The risks identified are primarily market-related, typical for an equity ETF, and do not stem from a complex structure.'}```Final Assessment: Non-Complex",
    "note": "Response was not in expected JSON format"
}