{
    "success": true,
    "data": {
        "leverage": true,
        "derivates": true,
        "swaps": true,
        "inverse": true,
        "replication_method": "synthetic",
        "ucits": true,
        "type": "ETP",
        "complex_factors": [
            "Leverage",
            "Inverse Strategy",
            "Derivatives",
            "Compounding Effect"
        ],
        "classification": "complex",
        "supporting_data": "This ETP seeks to achieve -3x the daily performance of Apple Inc. stock.  The KID explicitly states that the product is 'not simple and may be difficult to understand,' which is a strong indicator of complexity under MiFID II.  The use of leverage (3x short) and the inverse nature of the strategy inherently increase risk and complexity. The underlying methodology (tracking the iSTOXX 3x Inverse Leveraged AAPL Index) indicates the use of derivatives is integral to achieving the investment objective. The compounding effect, resulting from daily leverage rebalancing, adds another layer of complexity, which may result in returns deviating significantly from -3x the reference asset's return over longer holding periods.  The high risk rating (7/7) in the KID also contributes to the assessment, although not the sole driving factor. The presence of swaps and the synthetic replication method are additional factors that push the classification towards 'complex'."
    }
}