{
    "ucits": true,
    "type": "ETF",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The BNP Paribas Easy FTSE EPRA Nareit Global Developed Green CTB UCITS ETF is a UCITS-compliant ETF that aims to replicate the FTSE EPRA Nareit Developed Green EU CTB Index using a passive index tracking strategy. It primarily employs physical replication, either full or optimized, by holding the underlying equity securities in proportions similar to the index. There is no indication that the ETF uses derivatives as an integral part of its investment objective or strategy; derivatives, if used, would be only for efficient portfolio management with minimal impact on risk-return, which does not trigger complexity under MiFID II. The ETF does not employ leverage beyond UCITS limits, nor does it embed complex features such as contingent convertible bonds or structured products with embedded derivatives. The underlying index is transparent, based on listed real estate companies and REITs with ESG criteria, and the ETF's structure and risks are straightforward and understandable by retail investors with basic knowledge. According to MiFID II Article 25(4)(a)(iv) and Article 57 of the Commission Delegated Regulation, UCITS ETFs that physically replicate transparent indices and do not embed derivatives or complex features are automatically classified as non-complex. This ETF meets these criteria and thus does not require an appropriateness assessment or comprehension alert. Therefore, the classification is non-complex."
}