{
    "ok": true,
    "_meta": {
        "validator": "oppl_complex_asset_json_validator",
        "validator_version": "1.1.9",
        "captured_at_utc": "2026-08-09T12:00:35+00:00",
        "captured_unix": 1786276835,
        "input_source": "url",
        "input_url": "https://oppl.ai/llms/runs/etf/IE00B466KX20_balanced_latest.json",
        "source_assessment_hash": "6aa4c9f860b8b20e0e565c2b31cd2f264851e9fc4f05b074ad5f83d37ee03914",
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        "validator_modes": {
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            "agent": "executed"
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    "isin": "IE00B466KX20",
    "classification": "non-complex",
    "policy_mode": "balanced",
    "decision_rule_applied": "etf_ucits_physical_no_complex_override_rule",
    "validator_verdict": "warn",
    "publishable": true,
    "confidence": 0.78,
    "issue_count": 1,
    "issues": [
        {
            "severity": "warn",
            "code": "illiquid_or_hard_to_value_underlying_identified",
            "message": "The product has illiquid or hard-to-value underlying exposure language, which may affect investor understanding but does not affect complexity classification.",
            "source": "agent"
        }
    ],
    "suggested_repairs": [
        "Consider removing or clarifying the 'illiquid_or_hard_to_value_underlying' signal if it is not material to complexity to reduce warnings."
    ],
    "deterministic_review": {
        "ok": true,
        "validator_type": "deterministic",
        "validator_verdict": "pass",
        "publishable": true,
        "confidence": 0.88,
        "issues": [],
        "suggested_repairs": [],
        "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": {
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            "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": 2,
            "core_derivative_evidence_count": 0,
            "only_permission_or_ancillary_derivative_evidence": true,
            "supported_independent_hard_signals": []
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        "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
        }
    },
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        "model": "gpt-4.1-mini",
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        "max_tokens": 1800,
        "usage": {
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            "completion_tokens": 302,
            "total_tokens": 3670,
            "raw": {
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                "completion_tokens": 302,
                "total_tokens": 3670,
                "cost": 0.0018304,
                "is_byok": false,
                "prompt_tokens_details": {
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                    "audio_tokens": 0,
                    "video_tokens": 0
                },
                "cost_details": {
                    "upstream_inference_cost": 0.0018304,
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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": 3368,
            "completion_tokens": 302,
            "total_tokens": 3670,
            "input_cost_usd": 0.0013472,
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            "pricing_basis": "openrouter_usage_cost"
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        "review": {
            "validator_verdict": "pass",
            "publishable": true,
            "confidence": 0.88,
            "summary": "The assessment is internally consistent and coherent with balanced mode policy. The classification as non-complex with decision_rule_applied 'etf_ucits_physical_no_complex_override_rule' matches the physical replication and absence of core derivative strategy evidence. The derivatives_epm_only signal is true but supported only by permission/ancillary evidence, consistent with policy that such evidence does not establish complexity or core derivative use. No unsupported hard-complex signals are used decisively. Supporting evidence quotes correctly match their signal labels. There is no conflict between derivatives_epm_only and derivatives_core_strategy flags. No HELO or option overlay evidence is present, so no re-labelling needed. The warnings about illiquid or hard-to-value underlying are appropriate and do not affect publishability. The JSON is suitable for client-facing publication as-is.",
            "issues": [
                {
                    "severity": "warn",
                    "code": "illiquid_or_hard_to_value_underlying_identified",
                    "message": "The product has illiquid or hard-to-value underlying exposure language, which may affect investor understanding but does not affect complexity classification."
                }
            ],
            "suggested_repairs": [
                "Consider removing or clarifying the 'illiquid_or_hard_to_value_underlying' signal if it is not material to complexity to reduce warnings."
            ]
        }
    }
}