{
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    "_meta": {
        "validator": "oppl_complex_asset_json_validator",
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        "captured_at_utc": "2026-08-08T14:37:51+00:00",
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    "decision_rule_applied": "etf_ucits_physical_no_complex_override_rule",
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            "policy_mode": "strict",
            "type": "ETF",
            "ucits": true,
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            "summary": "The assessment is internally consistent with classification 'non-complex' supported by the decision rule 'etf_ucits_physical_no_complex_override_rule'. The signals, factors, and evidence align correctly. The derivatives_epm_only signal is supported by product-specific permission/ancillary evidence from the PRIIPS KID, with no core derivative strategy evidence present. There is no conflict between derivatives_epm_only and derivatives_core_strategy signals. The counterparty risk signal is present but supported by appropriate language and does not imply material OTC swap exposure. HELO or option overlay strategies are not indicated, so no reclassification is needed. The supporting evidence quotes match their signal labels. The JSON is suitable for client-facing publication as-is with no repairs needed.",
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}