The following basic own-fund items shall be deemed to substantially possess the characteristics set out in Article 93(1)(b) of Directive 2009/138/EC, taking into consideration the features set out in Article 93(2) of that Directive, and shall be classified as Tier 2 where the following items display all of the features set out in Article 73:
the part excess of assets over liabilities, valued in accordance with Article 75 and Section 2 of Chapter VI of Directive 2009/138/EC, comprising the following items:
ordinary share capital and the related share premium account;
initial funds, members' contributions or the equivalent basic own-fund item for mutual and mutual-type undertakings;
subordinated mutual member accounts;
preference shares and the related share premium account;
subordinated liabilities valued in accordance with Article 75 of Directive 2009/138/EC.