{
    "ok": true,
    "_meta": {
        "validator": "oppl_complex_asset_json_validator",
        "validator_version": "1.1.1",
        "captured_at_utc": "2026-08-08T10:43:08+00:00",
        "captured_unix": 1786185788,
        "input_source": "url",
        "input_url": "https://oppl.ai/llms/runs/etf/IE000PEAJOT0_balanced_latest.json",
        "source_assessment_hash": "90e317fabad8623cf8315aa0b5d3cac365145fb1a70e566a22dd8fb6baf87f5e",
        "agent_enabled": true,
        "agent_provider": "openrouter",
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        "warn_short_agent": true,
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    "isin": "IE000PEAJOT0",
    "classification": "non-complex",
    "policy_mode": "balanced",
    "decision_rule_applied": "etf_ucits_physical_no_complex_override_rule",
    "validator_verdict": "fail",
    "publishable": false,
    "confidence": 0.92,
    "issue_count": 4,
    "issues": [
        {
            "severity": "fail",
            "code": "unsupported_hard_complex_signal",
            "message": "The counterparty_risk signal is true but lacks direct product-specific evidence proving OTC, collateral, or default risk exposure. This is a hard-complex signal unsupported by evidence.",
            "source": "agent"
        },
        {
            "severity": "fail",
            "code": "derivatives_epm_only_evidence_insufficient",
            "message": "The derivatives_epm_only signal is true but supporting evidence only shows permission-like wording, not direct product-specific evidence of actual or material derivative exposure limited to EPM or hedging.",
            "source": "agent"
        },
        {
            "severity": "fail",
            "code": "classification_inconsistent_with_signals",
            "message": "Classification as non-complex conflicts with presence of counterparty_risk signal without supporting evidence and derivatives_epm_only=true in balanced mode.",
            "source": "agent"
        },
        {
            "severity": "fail",
            "code": "supporting_evidence_mismatch",
            "message": "The supporting evidence quote for derivatives_mentioned signal indicates permission only ('will be able to use derivatives'), not actual or material derivative use.",
            "source": "agent"
        }
    ],
    "suggested_repairs": [
        "Provide direct product-specific evidence proving counterparty risk exposure (e.g. OTC swap exposure, collateral risk) to support the counterparty_risk signal or set counterparty_risk=false if unsupported.",
        "Clarify or revise derivatives_epm_only signal to reflect only permission or ancillary use if no direct evidence of material derivative exposure exists.",
        "Reassess classification to complex if hard-complex signals are supported or revise signals to align with non-complex classification.",
        "Update supporting evidence quotes to accurately reflect the signal labels, removing or re-labelling permission-only evidence as derivatives_mentioned rather than derivatives_epm_only."
    ],
    "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": "balanced",
            "type": "ETF",
            "ucits": true,
            "physical_replication": false,
            "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": 0,
            "core_derivative_evidence_count": 1,
            "only_permission_or_ancillary_derivative_evidence": false,
            "supported_independent_hard_signals": []
        },
        "detected_features": {
            "helo_or_core_options_overlay": false,
            "physical_replication": false,
            "has_epm_only_evidence": false,
            "has_core_derivatives_evidence": false,
            "has_generic_fdi_permission_evidence": false,
            "has_option_overlay_evidence": false
        }
    },
    "agent_review": {
        "ok": true,
        "model": "gpt-4.1-mini",
        "temperature": 0,
        "max_tokens": 1800,
        "usage": {
            "prompt_tokens": 2400,
            "completion_tokens": 715,
            "total_tokens": 3115,
            "raw": {
                "prompt_tokens": 2400,
                "completion_tokens": 715,
                "total_tokens": 3115,
                "cost": 0.002104,
                "is_byok": false,
                "prompt_tokens_details": {
                    "cached_tokens": 0,
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                    "video_tokens": 0
                },
                "cost_details": {
                    "upstream_inference_cost": 0.002104,
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                    "upstream_inference_completions_cost": 0.001144
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                "completion_tokens_details": {
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                    "image_tokens": 0,
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        },
        "cost": {
            "estimated": false,
            "actual_provider_cost_available": true,
            "model": "gpt-4.1-mini",
            "prompt_tokens": 2400,
            "completion_tokens": 715,
            "total_tokens": 3115,
            "input_cost_usd": 0.00096,
            "output_cost_usd": 0.001144,
            "estimated_cost_usd": 0.002104,
            "pricing_basis": "openrouter_usage_cost"
        },
        "review": {
            "validator_verdict": "fail",
            "publishable": false,
            "confidence": 0.9,
            "summary": "The assessment classifies the product as non-complex under balanced mode with decision_rule_applied 'etf_ucits_physical_no_complex_override_rule', but the product is a UCITS ETF with physical replication and derivatives_epm_only=true. The supporting evidence for derivatives_epm_only is insufficiently mapped and the derivatives_mentioned signal is supported only by permission-like wording. The counterparty_risk signal is true but lacks direct product-specific evidence linking it to OTC or collateral risk. The derivatives_epm_only=true conflicts with the presence of counterparty_risk=true without clear evidence. The supporting evidence for synthetic_replication is negative, consistent with signals. The derivatives_epm_only signal is asserted but not directly proven by product-specific evidence, violating policy requirements. The derivatives_epm_only=true conflicts with derivatives_core_strategy=false and the policy mode balanced where HELO or option overlay strategies would require complexity classification if present, but no such evidence is found. The supporting evidence quotes for derivatives_mentioned do not prove actual or material derivative exposure, only permission. The counterparty_risk signal is not supported by direct evidence of OTC or collateral risk. Therefore, the hard-complex signals (counterparty_risk) are unsupported by product-specific evidence. The classification as non-complex is inconsistent with the presence of counterparty_risk signal without supporting evidence. The assessment is not publishable as-is and requires repair to either provide direct product-specific evidence for hard-complex signals or revise signals and classification accordingly.",
            "issues": [
                {
                    "severity": "fail",
                    "code": "unsupported_hard_complex_signal",
                    "message": "The counterparty_risk signal is true but lacks direct product-specific evidence proving OTC, collateral, or default risk exposure. This is a hard-complex signal unsupported by evidence."
                },
                {
                    "severity": "fail",
                    "code": "derivatives_epm_only_evidence_insufficient",
                    "message": "The derivatives_epm_only signal is true but supporting evidence only shows permission-like wording, not direct product-specific evidence of actual or material derivative exposure limited to EPM or hedging."
                },
                {
                    "severity": "fail",
                    "code": "classification_inconsistent_with_signals",
                    "message": "Classification as non-complex conflicts with presence of counterparty_risk signal without supporting evidence and derivatives_epm_only=true in balanced mode."
                },
                {
                    "severity": "fail",
                    "code": "supporting_evidence_mismatch",
                    "message": "The supporting evidence quote for derivatives_mentioned signal indicates permission only ('will be able to use derivatives'), not actual or material derivative use."
                }
            ],
            "suggested_repairs": [
                "Provide direct product-specific evidence proving counterparty risk exposure (e.g. OTC swap exposure, collateral risk) to support the counterparty_risk signal or set counterparty_risk=false if unsupported.",
                "Clarify or revise derivatives_epm_only signal to reflect only permission or ancillary use if no direct evidence of material derivative exposure exists.",
                "Reassess classification to complex if hard-complex signals are supported or revise signals to align with non-complex classification.",
                "Update supporting evidence quotes to accurately reflect the signal labels, removing or re-labelling permission-only evidence as derivatives_mentioned rather than derivatives_epm_only."
            ]
        }
    }
}