The following basic own-fund items shall be deemed to 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 3 where the following items display all of the features set out in Article 77:
(a)((a)) the part excess of assets over liabilities, valued in accordance with Sections 1 and 2 of Chapter VI of Directive 2009/138/EC, comprising the following items:
(i)((i)) subordinated mutual member accounts;
(ii)((ii)) preference shares and the related share premium account;
(iii)((iii)) an amount equal to the value of net deferred tax assets;
(b)((b)) subordinated liabilities valued in accordance with Article 75 of Directive 2009/138/EC.