{
    "type": "ETP",
    "leverage": true,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": false,
    "complex_factors": [
        "Leverage",
        "Compounding Effect",
        "High Risk Profile"
    ],
    "classification": "complex",
    "supporting_data": "The Leverage Shares 3x Long Germany 40 ETP is classified as complex due to its 3x leverage, which amplifies both gains and losses, making it unsuitable for retail investors without sophisticated knowledge. The compounding effect from daily rebalancing further complicates the return profile, and the high risk indicator (7 out of 7) underscores its speculative nature. While the replication method is physical, the leverage and associated risks make it a complex product under MiFID II.",
    "confidence": 95,
    "risk_level": 7,
    "comprehension_warning": true,
    "key_risks": [
        "Leverage risk",
        "Compounding effect",
        "High volatility",
        "No capital protection"
    ],
    "additional_notes": "The product is explicitly stated to be for sophisticated investors who understand leverage and daily rebalancing. The KIID warns that the product is not simple and may be difficult to understand, reinforcing its complex classification."
}