{
    "success": true,
    "data": {
        "type": "ETP",
        "ucits": false,
        "replication_method": null,
        "leverage": true,
        "derivatives": true,
        "swaps": false,
        "inverse": false,
        "complex_factors": [
            "Leverage",
            "Compounding effect",
            "Daily rebalancing",
            "High risk indicator (7/7)"
        ],
        "classification": "complex",
        "supporting_data": "The product is classified as 'complex' due to its inherent leverage, specifically targeting 3 times the daily performance of the underlying ETF. This amplifies both gains and losses and introduces a 'compounding effect' which is difficult for retail investors to understand, especially over longer holding periods. The product carries the highest risk indicator (7 out of 7), highlighting its significant risk profile. The KID also explicitly states that the product is 'not simple and may be difficult to understand' and is intended for 'sophisticated investors' with a 'very short investment horizon' due to the compounding effect and leverage.  While the product tracks an ETF, the '3x Long' objective and daily rebalancing necessitate derivative instruments or similar mechanisms to achieve this amplified daily performance, thus inherently making it complex under MiFID II rules."
    }
}