{
    "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 Palantir ETP is classified as complex due to its 3x leverage, which introduces significant risk and requires sophisticated understanding of daily rebalancing and compounding effects. The product explicitly states it is not simple and may be difficult to understand, targeting only sophisticated investors. The high risk indicator (7 out of 7) and the potential for substantial losses further support this classification. While the replication method is physical, the leverage and associated risks make it complex under MiFID II.",
    "confidence": 95
}