{
    "ok": true,
    "_meta": {
        "validator": "oppl_complex_asset_json_validator",
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        "captured_at_utc": "2026-08-10T09:16:30+00:00",
        "captured_unix": 1786353390,
        "input_source": "url",
        "input_url": "https://oppl.ai/llms/runs/etf/IE000MAO75G5_ucits_default_latest.json",
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        "agent_enabled": true,
        "agent_provider": "openrouter",
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    "isin": "IE000MAO75G5",
    "classification": "non-complex",
    "policy_mode": "ucits_default",
    "decision_rule_applied": "etf_ucits_physical_no_complex_override_rule",
    "source_classification": null,
    "source_decision_rule_applied": null,
    "resolution": {
        "applied": false
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    "validator_verdict": "warn",
    "publishable": true,
    "confidence": 0.78,
    "issue_count": 2,
    "issues": [
        {
            "severity": "warn",
            "code": "physical_rule_without_direct_physical_evidence",
            "message": "decision_rule_applied explicitly asserts physical replication, but no product-specific supporting evidence quote directly substantiates physical/direct replication. This is a rule-specificity evidence gap and does not by itself invalidate an otherwise coherent non-complex classification."
        },
        {
            "severity": "warn",
            "code": "epm_only_false_but_epm_evidence_present",
            "message": "derivatives_epm_only=true is set but product-specific evidence is generic permission only, not direct EPM/hedging exposure. This is a source-field hygiene mismatch, not a classification contradiction.",
            "source": "agent"
        }
    ],
    "suggested_repairs": [
        "Add product-specific physical/direct replication evidence, or use a more general UCITS no-complex-override rule that does not assert physical replication.",
        "Add product-specific physical/direct replication evidence, such as explicit wording confirming physical holdings or direct replication methodology.",
        "Alternatively, use a more general UCITS no-complex override decision rule that does not assert physical replication explicitly.",
        "Clarify or add direct EPM/hedging derivative evidence to better support derivatives_epm_only=true flag."
    ],
    "reassessment": {
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    },
    "deterministic_review": {
        "ok": true,
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        "validator_verdict": "warn",
        "publishable": true,
        "confidence": 0.78,
        "issues": [
            {
                "severity": "warn",
                "code": "physical_rule_without_direct_physical_evidence",
                "message": "decision_rule_applied explicitly asserts physical replication, but no product-specific supporting evidence quote directly substantiates physical/direct replication. This is a rule-specificity evidence gap and does not by itself invalidate an otherwise coherent non-complex classification."
            }
        ],
        "suggested_repairs": [
            "Add product-specific physical/direct replication evidence, or use a more general UCITS no-complex-override rule that does not assert physical replication."
        ],
        "reassessment": {
            "required": false
        },
        "resolution": {
            "applied": false
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            "decision_rule_signal_true": null,
            "decision_rule_signal_supported": null,
            "decision_rule_matching_evidence_count": null,
            "decision_rule_matches": [],
            "true_hard_signals": [],
            "supported_hard_signals": [],
            "unsupported_hard_signals": [],
            "checks": []
        },
        "derivative_materiality": {
            "checked": true,
            "policy_mode": "ucits_default",
            "type": "ETF",
            "ucits": true,
            "physical_replication": true,
            "swaps_signal": false,
            "synthetic_replication": false,
            "derivatives_core_strategy": false,
            "derivatives_epm_only": true,
            "derivative_evidence_count": 2,
            "swap_evidence_count": 0,
            "permission_or_ancillary_evidence_count": 1,
            "core_derivative_evidence_count": 0,
            "only_permission_or_ancillary_derivative_evidence": false,
            "supported_independent_hard_signals": []
        },
        "source_decisive_signal_evidence": null,
        "source_derivative_materiality": null,
        "detected_features": {
            "helo_or_core_options_overlay": false,
            "physical_replication": true,
            "physical_replication_direct_evidence": false,
            "physical_replication_evidence_count": 0,
            "has_epm_only_evidence": false,
            "has_core_derivatives_evidence": false,
            "has_generic_fdi_permission_evidence": true,
            "has_option_overlay_evidence": false
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    },
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        "model": "gpt-4.1-mini",
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        "max_tokens": 1800,
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            "total_tokens": 4893,
            "raw": {
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                "completion_tokens": 410,
                "total_tokens": 4893,
                "cost": 0.0018732,
                "is_byok": false,
                "prompt_tokens_details": {
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                },
                "cost_details": {
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                "completion_tokens_details": {
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                    "image_tokens": 0,
                    "audio_tokens": 0
                }
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        },
        "cost": {
            "estimated": false,
            "actual_provider_cost_available": true,
            "model": "gpt-4.1-mini",
            "prompt_tokens": 4483,
            "completion_tokens": 410,
            "total_tokens": 4893,
            "input_cost_usd": 0.0012172,
            "output_cost_usd": 0.000656,
            "estimated_cost_usd": 0.0018732,
            "pricing_basis": "openrouter_usage_cost"
        },
        "review": {
            "validator_verdict": "warn",
            "publishable": true,
            "confidence": 0.78,
            "summary": "The assessment is internally consistent and coherent with the UCITS default non-complex classification and the applied decision rule. The derivatives_epm_only=true flag is supported by generic permission/ancillary derivative evidence but lacks direct product-specific EPM/hedging evidence, which is acceptable as a hygiene warning. The physical replication decision rule is applied without direct product-specific physical replication evidence, triggering a policy-mode-allowed warning. No core derivative strategy evidence is present, consistent with the non-complex classification. Counterparty risk language is evidenced and correctly flagged. No unsupported hard signals drive the decision. The applied decision rule asserts physical replication, but deterministic evidence does not directly substantiate physical/direct replication; treat this as a publishable rule-specificity evidence warning rather than a classification contradiction.",
            "issues": [
                {
                    "severity": "warn",
                    "code": "physical_rule_without_direct_physical_evidence",
                    "message": "decision_rule_applied explicitly asserts physical replication, but no product-specific supporting evidence quote directly substantiates physical/direct replication. This is a rule-specificity evidence gap and does not by itself invalidate an otherwise coherent non-complex classification."
                },
                {
                    "severity": "warn",
                    "code": "epm_only_false_but_epm_evidence_present",
                    "message": "derivatives_epm_only=true is set but product-specific evidence is generic permission only, not direct EPM/hedging exposure. This is a source-field hygiene mismatch, not a classification contradiction."
                }
            ],
            "suggested_repairs": [
                "Add product-specific physical/direct replication evidence, such as explicit wording confirming physical holdings or direct replication methodology.",
                "Alternatively, use a more general UCITS no-complex override decision rule that does not assert physical replication explicitly.",
                "Clarify or add direct EPM/hedging derivative evidence to better support derivatives_epm_only=true flag."
            ]
        }
    }
}