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        "validator": "oppl_complex_asset_json_validator",
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            "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."
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    "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."
    ],
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                "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."
            }
        ],
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            "Add product-specific physical/direct replication evidence, or use a more general UCITS no-complex-override rule that does not assert physical replication."
        ],
        "reassessment": {
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            "checks": []
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            "policy_mode": "balanced",
            "type": "ETF",
            "ucits": true,
            "physical_replication": true,
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            "synthetic_replication": false,
            "derivatives_core_strategy": false,
            "derivatives_epm_only": true,
            "derivative_evidence_count": 3,
            "swap_evidence_count": 0,
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        "source_derivative_materiality": null,
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            "physical_replication_direct_evidence": false,
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            "has_generic_fdi_permission_evidence": true,
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        "cost": {
            "estimated": false,
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            "model": "gpt-4.1-mini",
            "prompt_tokens": 4672,
            "completion_tokens": 324,
            "total_tokens": 4996,
            "input_cost_usd": 0.0012928,
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            "validator_verdict": "warn",
            "publishable": true,
            "confidence": 0.82,
            "summary": "The assessment is internally consistent with a non-complex classification under the balanced policy mode and the etf_ucits_physical_no_complex_override_rule decision rule. The derivatives_epm_only=true flag is supported by product-specific EPM/hedging evidence, and no core derivative strategy evidence is present, consistent with policy. The derivatives_core_strategy=false flag is correct and supported. The physical replication decision rule is applied but lacks direct product-specific physical replication evidence, triggering a warning but not invalidating the classification. Counterparty risk is evidenced and correctly flagged. No unsupported hard signals drive the decision. The supporting evidence quotes match their signal labels. There is no conflict between derivatives_epm_only and derivatives_core_strategy flags. The assessment is publishable as-is. 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."
            ]
        }
    }
}