2.1 Before making any proposed rules, the PRA is required by FSMA to have regard to any representations made to it. The PRA must publish an account, in general terms, of those representations and its feedback to them [Sections 138J(3), (4) and (4D) of FSMA.].

2.2 The PRA has considered the responses received to CP4/23 and CP14/23, as well as responses received to CP5/22 and relevant responses to CP16/22. This chapter sets out the PRA's feedback to those responses, and its final decisions.

2.3 The sections below have been structured broadly along the same lines as the chapters of the CPs, with some areas rearranged to better respond to related issues. The responses have been grouped as follows:

- The SDDT scope criteria

- The level of application

- Operationalisation of the SDDT regime

- Implementation date for the SDDT regime

- Net Stable Funding Ratio (NSFR)