{
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    "_meta": {
        "isin": "FR0014002H76",
        "asset_scope": "UK_COMPLEX_ASSET",
        "policy_mode": "strict",
        "policy_mode_description": "Any material derivative, swap, synthetic, complex underlying, structured payoff, roll-cost, leverage, inverse, or PRIIPs warning signal can drive complex classification.",
        "classification_engine_version": "1.0.0",
        "prompt_version": "complex_asset_extract_v1",
        "captured_at_utc": "2026-07-13T15:57:56+00:00",
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    "confidence": 0.86,
    "review_required": false,
    "decision_rule_applied": "strict_etf_synthetic_complex_rule",
    "product_policy_branch": "ETF",
    "fund_name": "Amundi FTSE MIB UCITS ETF Acc",
    "isin": "FR0014002H76",
    "type": "ETF",
    "ucits": true,
    "asset_class": "equity",
    "replication_method": "physical",
    "signals": {
        "leveraged": false,
        "inverse": false,
        "derivatives_mentioned": true,
        "derivatives_core_strategy": false,
        "derivatives_epm_only": false,
        "swaps": false,
        "funded_swap": false,
        "unfunded_swap": false,
        "synthetic_replication": true,
        "counterparty_risk": true,
        "structured_payoff": false,
        "capital_protection": false,
        "commodity_futures_roll": false,
        "contango_backwardation": false,
        "coco_or_at1_exposure": false,
        "clo_exposure": false,
        "complex_index": false,
        "priips_comprehension_alert": false,
        "securities_lending": false,
        "illiquid_or_hard_to_value_underlying": false,
        "physical_allocated_commodity": false,
        "crypto_digital_asset": false
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        "No leverage identified",
        "No inverse exposure identified"
    ],
    "consumer_understanding": {
        "risk_level": "elevated",
        "drivers": [
            "Synthetic or swap-based exposure",
            "Counterparty exposure may be relevant to returns or risk",
            "Counterparty risk language identified",
            "UCITS ETF structure",
            "Physical replication or direct portfolio holdings"
        ],
        "plain_english_explanation": "The product appears to use synthetic or swap-based exposure. This may be difficult for ordinary retail clients to understand because returns can depend not only on the referenced market exposure but also on derivative mechanics, collateral arrangements and counterparty risk.",
        "appropriateness_note": "This is a product-level indicator of features that may affect general investor understanding. It does not determine whether the product is appropriate for a specific client and does not replace a client-specific appropriateness assessment."
    },
    "supporting_evidence": [
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            "source": "KIID",
            "signal": "replication_method_physical",
            "quote": "The Fund aims to achieve its objective through direct replication, namely by investing mainly in a portfolio of assets comprising securities that make up the Benchmark Index"
        },
        {
            "source": "KIID",
            "signal": "counterparty_risk",
            "quote": "Counterparty risk: The Fund is exposed to the risk of insolvency or other types of default of any counterparty with which it enters into an agreement or transaction, particularly in the case of financial derivative instruments traded over the counter or securities delivered under securities financing transactions."
        },
        {
            "source": "PRIIPS_KID",
            "signal": "replication_method_physical",
            "quote": "The Fund aims to achieve its objective through direct replication, i.e. by primarily investing in a basket of assets consisting of the securities comprising the Benchmark"
        },
        {
            "source": "KIID",
            "signal": "no_derivatives_core_strategy",
            "quote": "The Fund's management objective is to replicate, both upwards and downwards, the change in the EUR-denominated FTSE MIB Net Total Return Index ... while minimising the tracking error"
        }
    ],
    "supporting_data": "ETF has evidenced synthetic replication. Policy mode: strict. Product type: ETF. UCITS signal identified. Replication method: physical.",
    "missing_data": [
        "factsheet"
    ],
    "warnings": [
        "counterparty_risk_language_identified"
    ],
    "sources": {
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            "url": "https://oppl.ai/apy/doc_store/FR0014002H76_KIID.txt",
            "found": true,
            "http_code": 200,
            "bytes": 9032,
            "error": null
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        "priips_kid": {
            "url": "https://oppl.ai/eu_kiids/en_txt/FR0014002H76.txt",
            "found": true,
            "http_code": 200,
            "bytes": 14902,
            "error": null
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        "factsheet": {
            "url": "https://oppl.ai/apy/doc_store/FR0014002H76_FS.txt",
            "found": false,
            "http_code": 404,
            "bytes": 1251,
            "error": "http_404"
        },
        "market_data": {
            "url": "https://api.londonstockexchange.com/api/gw/lse/search/autocomplete?q=FR0014002H76&size=3",
            "found": true,
            "http_code": 200,
            "bytes": 61,
            "error": null
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    }
}