{
    "success": true,
    "data": {
        "type": "ETP",
        "ucits": false,
        "leverage": true,
        "derivatives": true,
        "swaps": true,
        "inverse": true,
        "complex_factors": [
            "Leverage",
            "Inverse Leverage",
            "Daily Rebalancing",
            "Compounding Effect",
            "High Risk Profile (Class 7)"
        ],
        "replication_method": null,
        "classification": "complex",
        "supporting_data": "The product is classified as complex due to several factors. Firstly, it explicitly states it offers '-5x' leverage, which is a significant complexity factor. The product also highlights the 'Compounding Effect' due to daily leverage rebalancing, which can significantly alter returns over longer periods and is difficult for retail investors to fully grasp. The risk indicator is class 7 out of 7, indicating the highest risk. The objective is to provide a leveraged inverse exposure, which inherently increases complexity and risk. Furthermore, the KID contains a direct statement: 'You are about to purchase a product that is not simple and may be difficult to understand.' While the underlying asset is an ETF, the product's structure involving leveraged and inverse exposure, along with the compounding effect, clearly places it in the 'complex' category under MiFID II regulations."
    }
}