{
    "ok": true,
    "_meta": {
        "validator": "oppl_complex_asset_json_validator",
        "validator_version": "1.1.20",
        "captured_at_utc": "2026-08-10T09:21:20+00:00",
        "captured_unix": 1786353680,
        "input_source": "url",
        "input_url": "https://oppl.ai/llms/runs/etf/IE000ZX8CQG2_ucits_default_latest.json",
        "source_assessment_hash": "ec90456bc0d2eb6dfbee327f855a3f573ab71b78596e1d58f13d5cfb9e0d2f1e",
        "agent_enabled": true,
        "agent_provider": "openrouter",
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        "agent_max_tokens": 1800,
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        "validator_modes": {
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            "agent": "executed"
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    "isin": "IE000ZX8CQG2",
    "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": 1,
    "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
    },
    "deterministic_review": {
        "ok": true,
        "validator_type": "deterministic",
        "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
        },
        "decisive_signal_evidence": {
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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": false,
            "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
        }
    },
    "agent_review": {
        "ok": true,
        "model": "gpt-4.1-mini",
        "temperature": 0,
        "max_tokens": 1800,
        "usage": {
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            "completion_tokens": 323,
            "total_tokens": 4762,
            "raw": {
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                "completion_tokens": 323,
                "total_tokens": 4762,
                "cost": 0.0017164,
                "is_byok": false,
                "prompt_tokens_details": {
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                    "cache_write_tokens": 0,
                    "audio_tokens": 0,
                    "video_tokens": 0
                },
                "cost_details": {
                    "upstream_inference_cost": 0.0017164,
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                    "upstream_inference_completions_cost": 0.0005168
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                "completion_tokens_details": {
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                    "image_tokens": 0,
                    "audio_tokens": 0
                }
            }
        },
        "cost": {
            "estimated": false,
            "actual_provider_cost_available": true,
            "model": "gpt-4.1-mini",
            "prompt_tokens": 4439,
            "completion_tokens": 323,
            "total_tokens": 4762,
            "input_cost_usd": 0.0011996,
            "output_cost_usd": 0.0005168,
            "estimated_cost_usd": 0.0017164,
            "pricing_basis": "openrouter_usage_cost"
        },
        "review": {
            "validator_verdict": "warn",
            "publishable": true,
            "confidence": 0.78,
            "summary": "The assessment is internally consistent with a non-complex classification under the ucits_default policy mode and the applied decision rule etf_ucits_physical_no_complex_override_rule. Derivatives are mentioned but not used as a core strategy or for EPM only. Counterparty risk and securities lending signals are supported by evidence. However, the decision rule asserts physical replication without direct product-specific evidence explicitly proving physical/direct replication, which is a known evidence gap. No unsupported hard-complex signals drive the decision. There is no conflict between derivatives_epm_only and derivatives_core_strategy flags. The derivative wording supports permission/ancillary use but not core derivative strategy or synthetic replication. HELO or option overlay strategies are not present. 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."
                }
            ],
            "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."
            ]
        }
    }
}