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        "Remove or downgrade unsupported synthetic_replication signal or add direct product-specific evidence proving synthetic replication before retaining it as a hard complex signal.",
        "Add direct product-specific evidence for swaps to support the decision_rule_applied or revise the decision_rule_applied to align with supported features.",
        "Add explicit product-specific evidence quotes supporting physical replication to resolve the physical replication evidence gap.",
        "Correct the securities_lending signal to false to align with the supporting evidence quote stating no securities lending.",
        "Review and update signals to ensure all hard-complex signals used by decision rules have direct supporting evidence."
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            "decision_rule_signal_true": true,
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                    "matches": []
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                "swaps": {
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        "derivative_materiality": {
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            "policy_mode": "strict",
            "type": "ETF",
            "ucits": true,
            "physical_replication": true,
            "swaps_signal": true,
            "synthetic_replication": true,
            "derivatives_core_strategy": false,
            "derivatives_epm_only": true,
            "derivative_evidence_count": 1,
            "swap_evidence_count": 0,
            "permission_or_ancillary_evidence_count": 1,
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        "source_derivative_materiality": null,
        "detected_features": {
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            "physical_replication": true,
            "physical_replication_direct_evidence": false,
            "physical_replication_evidence_count": 0,
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            "has_core_derivatives_evidence": false,
            "has_generic_fdi_permission_evidence": true,
            "has_option_overlay_evidence": false
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        "review": {
            "validator_verdict": "fail",
            "publishable": false,
            "confidence": 0.92,
            "summary": "The assessment claims complex classification driven by swaps and synthetic replication signals, but no product-specific supporting evidence directly substantiates these hard-complex features. The decision_rule_applied relies on swaps without direct evidence, and synthetic_replication is flagged without supporting quotes. The derivatives_epm_only flag is supported by permission/ancillary evidence but derivatives_core_strategy is false and unsupported. There is no conflict between derivatives_epm_only and derivatives_core_strategy flags as core strategy evidence is absent. The physical replication claim lacks direct evidence but this is a warning-level issue. Overall, the classification is unsupported by decisive evidence and the assessment is not publishable as-is. Deterministic evidence does not substantiate signals.swaps=true; treat that flag as an evidence-hygiene warning unless direct swap/TRS/CFD evidence is added.",
            "issues": [
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                    "severity": "fail",
                    "code": "hard_complex_signal_without_direct_evidence_synthetic_replication",
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                },
                {
                    "severity": "fail",
                    "code": "decision_rule_without_direct_evidence_swaps",
                    "message": "decision_rule_applied relies on swaps but no product-specific supporting_evidence quote directly substantiates that decision-driving signal."
                },
                {
                    "severity": "warn",
                    "code": "physical_rule_without_direct_physical_evidence",
                    "message": "Replication method is physical but no direct product-specific evidence quote explicitly supports physical replication. This is a warning and does not invalidate the non-complex factors."
                },
                {
                    "severity": "warn",
                    "code": "unsupported_hard_signal_derivatives_core_strategy_false",
                    "message": "derivatives_core_strategy=false with no direct core derivative evidence is consistent with evidence; derivatives_epm_only=true is supported by permission/ancillary evidence. No conflict."
                },
                {
                    "severity": "warn",
                    "code": "supporting_evidence_mismatch_securities_lending",
                    "message": "Supporting evidence quote for securities_lending signal states 'The Fund will not enter into any securities lending.', which contradicts the signal securities_lending=true."
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                "Remove or downgrade unsupported synthetic_replication signal or add direct product-specific evidence proving synthetic replication before retaining it as a hard complex signal.",
                "Add direct product-specific evidence for swaps to support the decision_rule_applied or revise the decision_rule_applied to align with supported features.",
                "Add explicit product-specific evidence quotes supporting physical replication to resolve the physical replication evidence gap.",
                "Correct the securities_lending signal to false to align with the supporting evidence quote stating no securities lending.",
                "Review and update signals to ensure all hard-complex signals used by decision rules have direct supporting evidence."
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        }
    }
}