1.27 In carrying out its policymaking functions, the PRA is required to have regard to several matters. The PRA's assessment was set out in the PRA statutory obligations in Appendix 8 of CP14/22 and Appendix 1 of CP12/23. The explanations provided in the CPs of how the PRA's proposals are compatible with its objectives and of how they are affected by matters to which the PRA is required to have regard, also apply to the near-final policy and rules.
1.28 The following factors, to which the PRA is required to have regard, were significant in the PRA's analysis of the changes to draft policy set out in this PS:
1. Proportionality: The PRA considered comments where respondents highlighted that the specification of the proposed reporting was unclear (group SCR, Cyber underwriting, revenue account, S.05.04), where the ongoing work required by firms to report certain templates and data points exceeded the PRA's original assessment (S.14.02, SCR, S.37), and where the proposals may lead to addi
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