{
    "ucits": false,
    "type": "ETP",
    "leverage": true,
    "derivatives": true,
    "swaps": true,
    "inverse": true,
    "replication_method": "synthetic",
    "complex_factors": "Leverage, Swaps, Synthetic Replication, Compounding Effect, High Risk Profile, Counterparty Risk, Collateral Risk, Short Holding Period, No Capital Protection, Intended for Sophisticated Investors",
    "supporting_data": "The Leverage Shares -3x Short Amazon (AMZN) ETP Securities are not UCITS-compliant. They are leveraged (-3x daily), use swaps and synthetic replication to achieve their objective, and are explicitly intended for sophisticated investors who can monitor their investment frequently and understand the compounding effect and risks. The product does not offer capital protection, involves counterparty and collateral risk, and is classified as the highest risk class (7/7). The recommended holding period is 1 day, and the structure, risks, and payoff are not easily understood by retail investors with basic knowledge. The KID includes a comprehension alert, further indicating complexity. These featuresu2014leverage, synthetic replication, use of swaps, high risk, and lack of capital protectionu2014clearly make this ETP complex under MiFID II Article 57 and Delegated Regulation EU 2017/565, as well as ESMA guidance.",
    "classification": "complex"
}