{
    "complex": false,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": null,
    "classification": "non-complex",
    "supporting_data": "The L&G Europe ex-UK Quality Dividends Equal Weight UCITS ETF is classified as non-complex under MiFID II regulations. The primary reasons for this classification are: 1) The fund uses physical replication (optimized sampling) to track its index, which is a straightforward and transparent method; 2) While the fund has permission to use financial derivative instruments (FDIs), the KIID and factsheet indicate these are not a primary component of the strategy and appear to be used for efficient portfolio management rather than as a core investment strategy; 3) The fund has a clear investment objective of tracking a specific dividend-focused index; 4) The risk profile (rated 6) is primarily due to market risks rather than structural complexity; 5) The fund is UCITS compliant, which imposes certain investor protection requirements; 6) There is no evidence of leverage, inverse strategies, or complex structured products in the investment approach. The fund's use of derivatives appears to be limited and for risk management purposes rather than as a fundamental part of its investment strategy.",
    "confidence": 90
}