{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The UBS MSCI United Kingdom IMI Socially Responsible UCITS ETF (IE00BYNQMK61) is classified as non-complex under MiFID II regulations. The primary reasons for this classification are: 1) The fund uses physical replication to track its index, holding the underlying securities directly; 2) While derivatives are mentioned as potentially being used for risk reduction, cost reduction, or generating additional income, there is no indication of extensive or complex derivative usage; 3) The fund has a straightforward investment objective of tracking a socially responsible version of the MSCI UK IMI index; 4) The risk profile (category 6) is primarily due to equity market volatility rather than complex financial structures; 5) The fund is UCITS compliant, which generally indicates a higher level of investor protection and transparency; 6) There are no indications of leverage, inverse strategies, or complex structured products in the fund's composition. The factsheet confirms the physical replication methodology and shows typical ETF characteristics with transparent holdings and straightforward performance tracking. The ESG focus does not add complexity from a financial instrument perspective, as it relates to the selection criteria rather than the financial structure.",
    "confidence": 95
}