{
    "ok": true,
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        "asset_scope": "UK_COMPLEX_ASSET",
        "policy_mode": "ucits_default",
        "policy_mode_description": "UCITS ETFs default to non-complex unless leverage, inverse exposure, structured payoff, complex underlyings, or explicit comprehension-warning language is identified.",
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        "prompt_version": "complex_asset_extract_v1",
        "captured_at_utc": "2026-08-07T08:52:22+00:00",
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    "confidence": 0.82,
    "review_required": false,
    "decision_rule_applied": "etf_ucits_physical_no_complex_override_rule",
    "product_policy_branch": "ETF",
    "fund_name": "iShares MSCI China A UCITS ETF EUR Hedged (Acc)",
    "isin": "IE00099GAJC6",
    "type": "ETF",
    "ucits": true,
    "asset_class": "Equity",
    "replication_method": "physical",
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        "inverse": false,
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        "derivatives_core_strategy": false,
        "derivatives_epm_only": true,
        "swaps": false,
        "funded_swap": false,
        "unfunded_swap": false,
        "synthetic_replication": false,
        "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,
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        "securities_lending": true,
        "illiquid_or_hard_to_value_underlying": false,
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        "crypto_digital_asset": false
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        "Physical replication",
        "No leverage identified",
        "No inverse exposure identified",
        "Derivative use appears limited to EPM, hedging, or risk management"
    ],
    "consumer_understanding": {
        "risk_level": "moderate",
        "drivers": [
            "Counterparty risk language identified",
            "Derivative use appears limited to efficient portfolio management, hedging or risk management",
            "UCITS ETF structure",
            "Physical replication or direct portfolio holdings"
        ],
        "plain_english_explanation": "The product is identified as a UCITS ETF using physical replication or direct portfolio holdings. No leverage, inverse exposure, synthetic replication or structured payoff was identified. Derivative language appears limited to efficient portfolio management, hedging or risk-management style use rather than being the core investment exposure. Some ordinary market, credit, duration, liquidity or counterparty-risk language may still be present, but this does not by itself make the product complex.",
        "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."
    },
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            "signal": "derivatives_mentioned",
            "quote": "The investment manager may use financial derivative instruments (FDIs)... FDIs (including FX forward contracts) may be used for direct investment purposes."
        },
        {
            "source": "PRIIPS_KID",
            "signal": "derivatives_epm_only",
            "quote": "Your shares will be hedged with the aim of reducing the effect of exchange rate fluctuations... FDIs, including FX forward contracts, will be used for currency hedging purposes."
        },
        {
            "source": "FACTSHEET",
            "signal": "physical_allocated_commodity",
            "quote": "Product Structure : Physical"
        }
    ],
    "supporting_data": "UCITS physical ETF baseline applied. Policy mode: ucits_default. Product type: ETF. UCITS signal identified. Replication method: physical.",
    "missing_data": [],
    "warnings": [
        "counterparty_risk_language_identified"
    ],
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            "http_code": 200,
            "bytes": 11932,
            "error": null
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            "url": "https://oppl.ai/eu_kiids/en_txt/IE00099GAJC6.txt",
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            "http_code": 200,
            "bytes": 16287,
            "error": null
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            "url": "https://oppl.ai/apy/doc_store/IE00099GAJC6_FS.txt",
            "found": true,
            "http_code": 200,
            "bytes": 11584,
            "error": null
        },
        "market_data": {
            "url": "https://api.londonstockexchange.com/api/gw/lse/search/autocomplete?q=IE00099GAJC6&size=3",
            "found": true,
            "http_code": 200,
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