{ "ok": true, "_meta": { "validator": "oppl_complex_asset_json_validator", "validator_version": "1.1.1", "captured_at_utc": "2026-08-08T14:07:14+00:00", "captured_unix": 1786198034, "input_source": "url", "input_url": "https://oppl.ai/llms/runs/etf/IE000O58J820_strict_latest.json", "source_assessment_hash": "eb6fbc436bb22aefdcf96be895ce54d395d4c52f8cacb838a4d341b1933251e8", "agent_enabled": true, "agent_provider": "openrouter", "agent_model": "gpt-4.1-mini", "agent_temperature": 0, "agent_max_tokens": 1800, "warn_short_agent": true, "validator_modes": { "deterministic": "executed", "agent": "executed" } }, "isin": "IE000O58J820", "classification": "complex", "policy_mode": "strict", "decision_rule_applied": "etf_priips_comprehension_alert_hard_complex_rule", "validator_verdict": "fail", "publishable": false, "confidence": 0.92, "issue_count": 4, "issues": [ { "severity": "fail", "code": "unsupported_hard_complex_signal", "message": "The classification is complex driven by a PRIIPs comprehension alert and counterparty risk language, but no hard-complex derivative signals are directly supported by product-specific evidence. The derivatives_epm_only signal is permission/ancillary only and does not prove material or strategy-defining derivative exposure.", "source": "agent" }, { "severity": "fail", "code": "derivatives_epm_only_conflict", "message": "The derivatives_epm_only signal is true but derivatives_core_strategy is false, consistent with ancillary use only. However, the classification is complex under a hard-complex rule requiring material derivative exposure, which is unsupported.", "source": "agent" }, { "severity": "fail", "code": "counterparty_risk_evidence_missing", "message": "Counterparty risk signal is true but lacks direct product-specific evidence proving OTC, collateral, or default risk exposure.", "source": "agent" }, { "severity": "fail", "code": "publishability_failure", "message": "Due to unsupported hard-complex signals and missing direct evidence for material derivative exposure, the JSON is not publishable as-is.", "source": "agent" } ], "suggested_repairs": [ "Add direct product-specific evidence proving material or strategy-defining derivative exposure or OTC counterparty risk to support the complex classification under the strict policy mode.", "If no such evidence exists, revise classification to non-complex or balanced mode with appropriate decision_rule_applied to reflect ancillary derivative use only.", "Update supporting_evidence labels to reflect permission-only derivative use as derivatives_mentioned rather than derivatives_epm_only if derivatives_epm_only=false in final signals.", "Clarify or remove counterparty risk signal if no direct evidence supports it." ], "deterministic_review": { "ok": true, "validator_type": "deterministic", "validator_verdict": "pass", "publishable": true, "confidence": 0.88, "issues": [], "suggested_repairs": [], "decisive_signal_evidence": { "checked": true, "decision_rule_signal": null, "decision_rule_signal_true": null, "decision_rule_signal_supported": null, "true_hard_signals": [], "supported_hard_signals": [], "unsupported_hard_signals": [], "checks": [] }, "derivative_materiality": { "checked": true, "policy_mode": "strict", "type": "ETF", "ucits": true, "physical_replication": false, "swaps_signal": false, "synthetic_replication": false, "derivatives_core_strategy": false, "derivatives_epm_only": true, "derivative_evidence_count": 1, "swap_evidence_count": 0, "permission_or_ancillary_evidence_count": 1, "core_derivative_evidence_count": 0, "only_permission_or_ancillary_derivative_evidence": true, "supported_independent_hard_signals": [] }, "detected_features": { "helo_or_core_options_overlay": false, "physical_replication": false, "has_epm_only_evidence": true, "has_core_derivatives_evidence": false, "has_generic_fdi_permission_evidence": true, "has_option_overlay_evidence": false } }, "agent_review": { "ok": true, "model": "gpt-4.1-mini", "temperature": 0, "max_tokens": 1800, "usage": { "prompt_tokens": 2282, "completion_tokens": 593, "total_tokens": 2875, "raw": { "prompt_tokens": 2282, "completion_tokens": 593, "total_tokens": 2875, "cost": 0.0018616, "is_byok": false, "prompt_tokens_details": { "cached_tokens": 0, "cache_write_tokens": 0, "audio_tokens": 0, "video_tokens": 0 }, "cost_details": { "upstream_inference_cost": 0.0018616, "upstream_inference_prompt_cost": 0.0009128, "upstream_inference_completions_cost": 0.0009488 }, "completion_tokens_details": { "reasoning_tokens": 0, "image_tokens": 0, "audio_tokens": 0 } } }, "cost": { "estimated": false, "actual_provider_cost_available": true, "model": "gpt-4.1-mini", "prompt_tokens": 2282, "completion_tokens": 593, "total_tokens": 2875, "input_cost_usd": 0.0009128, "output_cost_usd": 0.0009488, "estimated_cost_usd": 0.0018616, "pricing_basis": "openrouter_usage_cost" }, "review": { "validator_verdict": "fail", "publishable": false, "confidence": 0.93, "summary": "The assessment classifies the product as complex based on a PRIIPs comprehension alert and counterparty risk language, but the only derivative evidence is labelled as derivatives_epm_only (ancillary/permission use) without any direct product-specific evidence supporting hard-complex derivative exposure or a core derivative strategy. The derivatives_epm_only signal conflicts with the absence of derivatives_core_strategy, and the supporting evidence quote for derivatives_epm_only only proves permission/ancillary use, not material or strategy-defining exposure. Counterparty risk is asserted as true but lacks direct product-specific evidence linking it to OTC or collateral risk. The PRIIPs comprehension alert is supported by a matching quote. The policy mode is strict, so any hard-complex signal must be directly supported by product-specific evidence, which is missing here. Therefore, the hard-complex classification is unsupported and the JSON is not publishable as-is.", "issues": [ { "severity": "fail", "code": "unsupported_hard_complex_signal", "message": "The classification is complex driven by a PRIIPs comprehension alert and counterparty risk language, but no hard-complex derivative signals are directly supported by product-specific evidence. The derivatives_epm_only signal is permission/ancillary only and does not prove material or strategy-defining derivative exposure." }, { "severity": "fail", "code": "derivatives_epm_only_conflict", "message": "The derivatives_epm_only signal is true but derivatives_core_strategy is false, consistent with ancillary use only. However, the classification is complex under a hard-complex rule requiring material derivative exposure, which is unsupported." }, { "severity": "fail", "code": "counterparty_risk_evidence_missing", "message": "Counterparty risk signal is true but lacks direct product-specific evidence proving OTC, collateral, or default risk exposure." }, { "severity": "fail", "code": "publishability_failure", "message": "Due to unsupported hard-complex signals and missing direct evidence for material derivative exposure, the JSON is not publishable as-is." } ], "suggested_repairs": [ "Add direct product-specific evidence proving material or strategy-defining derivative exposure or OTC counterparty risk to support the complex classification under the strict policy mode.", "If no such evidence exists, revise classification to non-complex or balanced mode with appropriate decision_rule_applied to reflect ancillary derivative use only.", "Update supporting_evidence labels to reflect permission-only derivative use as derivatives_mentioned rather than derivatives_epm_only if derivatives_epm_only=false in final signals.", "Clarify or remove counterparty risk signal if no direct evidence supports it." ] } } }