{
    "type": "ETP",
    "ucits": false,
    "leverage": true,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [
        "Leverage",
        "Compounding Effect",
        "High Risk Profile"
    ],
    "classification": "complex",
    "supporting_data": "The Leverage Shares 3x BP ETP is classified as complex due to its 3x daily leverage, which introduces significant risks such as compounding effects and high volatility. The product explicitly states it is not simple and may be difficult to understand, targeting only sophisticated investors. The risk indicator is at the highest level (7 out of 7), and the product's performance can deviate significantly from the underlying asset due to daily rebalancing. While it uses physical replication, the leverage and associated risks make it inherently complex under MiFID II.",
    "confidence": 95
}