That's what I initially thought until I found the sub-enclosure with the "RCD" board inside (posted additional pics a few minutes ago) It has an 8pin surface mount IC. Very hard to read it but will get a more powerful magnifying glass and have a look.
Yes that is the phase (white sleeved conductor) and neutral (lacquered copper conductor) squeezed into a current transformer. <br>The white sleeving on the phase looks like it might be thermally robust.