1. The features referred to in Article 72 shall be either those set out in points (a) to (i) or those set out in point (j):
(a) the basic own-fund item ranks after the claims of all policy holders and beneficiaries and non-subordinated creditors;
(b) the basic own-fund item does not include features which may cause the insolvency of the insurance or reinsurance undertaking or may accelerate the process of the undertaking becoming insolvent;
(c) the basic own-fund item is undated or has an original maturity of at least 10 years; the first contractual opportunity to repay or redeem the basic own-fund item does not occur before 5 years from the date of issuance;
(d) the basic own-fund item is only repayable or redeemable at the option of the insurance or reinsurance undertaking and the repayment or redemption of the basic own-fund item is subject to prior supervisory approval;
(e) the basic own-fund item may include limited incentives to repay or redeem that basic own-fund item, provided
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