{
    "type": "ETP",
    "leverage": true,
    "derivatives": true,
    "swaps": false,
    "inverse": false,
    "replication_method": "synthetic",
    "ucits": true,
    "complex_factors": [
        "Leverage",
        "Complex Indices",
        "Daily Compounding Effect"
    ],
    "classification": "complex",
    "supporting_data": "The WisdomTree FTSE MIB 3x Daily Leveraged ETP exhibits multiple complexity indicators under MiFID II. It is a leveraged product providing 3x daily exposure to the FTSE MIB index, which introduces significant volatility and compounding effects. The product is synthetic, tracking a complex index (FTSE MIB Super Leveraged RT Net-of-Tax Lux TR Index) that incorporates leveraged returns and daily resets, making it difficult for retail investors to fully understand the risks. The high risk rating (7 out of 7) and the warning that the product is 'not simple and may be difficult to understand' further support its classification as complex. Additionally, the product's performance is subject to roll costs and the effects of futures contract rolling, which are not straightforward for retail investors to comprehend.",
    "confidence": 95,
    "risk_level": 7,
    "comprehension_warning": true,
    "counterparty_risk": true,
    "liquidity_risk": true,
    "capital_protection": false,
    "gearing": true,
    "benchmark_complexity": true,
    "roll_costs": true,
    "contango_backwardation_effects": true
}