(1) A fund administrator shall exclude from any element of own funds any increase in equity under the applicable accounting framework that results from a securitisation transaction, such as that associated with expected future margin income resulting in a gain on sale for the fund administrator.
(2) A fund administrator shall deduct the following from Common Equity Tier 1 items:
(a) losses for the current financial year;
(b) intangible assets including goodwill less any associated deferred tax liabilities that would be extinguished if the intangible assets became impaired or were derecognised under the applicable accounting framework;
(c) deferred tax assets as set out in paragraph (3);
(d) defined benefit pension fund assets on the balance sheet of the fund administrator less the items set out in the following:
(i) any associated deferred tax liabilities that would be extinguished if the defined benefit pension fund assets became impaired or were derecognised under the applicable