{
    "success": true,
    "data": {
        "leverage": false,
        "derivates": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "synthethic",
        "ucits": false,
        "type": "ETP",
        "complex_factors": "The IncomeShares Silver+ Yield ETP uses the LS Silver Yield Options-Based Income Strategy, which generates income by selling options on iShares Silver Trust (SLV). This involves derivative use,specifically options trading. The product does not have a fixed term and is not principal protected",
        "classification": "complex",
        "supporting_data": "The ETP's investment strategy, generating income by selling options on iShares Silver Trust (SLV), makes it complex. This is because options trading is a derivative strategy, as described in the MiFID II guidance. Although a non-UCITS asset, the investment strategy means this would not meet the criteria of Article 38 in the MiFID II Delegated Regulation. The ETP's structure and risks (including the use of options) would be difficult for retail investors to understand, and the comprehension alert in the KID is mandatory. The product is not principal protected and the returns are dependent upon the performance of an underlying asset."
    }
}