{ "ok": true, "_meta": { "validator": "oppl_complex_asset_json_validator", "validator_version": "1.1.20", "captured_at_utc": "2026-08-10T09:08:14+00:00", "captured_unix": 1786352894, "input_source": "url", "input_url": "https://oppl.ai/llms/runs/etf/IE00BG5QQ390_balanced_latest.json", "source_assessment_hash": "2f053a8ff97315434566334669fe75433c632abdcffa1e2f6d736d90426983ab", "agent_enabled": true, "agent_provider": "openrouter", "agent_model": "gpt-4.1-mini", "agent_temperature": 0, "agent_max_tokens": 1800, "warn_short_agent": true, "validator_modes": { "deterministic": "executed", "agent": "executed" } }, "isin": "IE00BG5QQ390", "classification": "non-complex", "policy_mode": "balanced", "decision_rule_applied": "etf_ucits_physical_no_complex_override_rule", "source_classification": null, "source_decision_rule_applied": null, "resolution": { "applied": false }, "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": { "checked": true, "decision_rule_signal": null, "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": "balanced", "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": { "prompt_tokens": 4499, "completion_tokens": 381, "total_tokens": 4880, "raw": { "prompt_tokens": 4499, "completion_tokens": 381, "total_tokens": 4880, "cost": 0.0018332, "is_byok": false, "prompt_tokens_details": { "cached_tokens": 1920, "cache_write_tokens": 0, "audio_tokens": 0, "video_tokens": 0 }, "cost_details": { "upstream_inference_cost": 0.0018332, "upstream_inference_prompt_cost": 0.0012236, "upstream_inference_completions_cost": 0.0006096 }, "completion_tokens_details": { "reasoning_tokens": 0, "image_tokens": 0, "audio_tokens": 0 } } }, "cost": { "estimated": false, "actual_provider_cost_available": true, "model": "gpt-4.1-mini", "prompt_tokens": 4499, "completion_tokens": 381, "total_tokens": 4880, "input_cost_usd": 0.0012236, "output_cost_usd": 0.0006096, "estimated_cost_usd": 0.0018332, "pricing_basis": "openrouter_usage_cost" }, "review": { "validator_verdict": "warn", "publishable": true, "confidence": 0.8, "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 and derivatives_core_strategy flags are both false, consistent with the evidence. The supporting evidence quotes correctly match their signal labels. The only issue is a lack of direct product-specific physical replication evidence to substantiate the physical replication decision rule, which triggers a warning but does not invalidate the classification or publishability. No unsupported hard-complex signals are used by the decision rule. No conflicts exist between derivatives_epm_only and derivatives_core_strategy flags. The counterparty_risk signal is supported by a matching quote. The securities_lending signal is ancillary and does not drive complexity. The physical replication is asserted by the decision rule but lacks direct quote evidence, consistent with the deterministic validator warning. No HELO or option overlay evidence is present, so no re-labelling of derivatives_epm_only is needed. 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." ] } } }