1.30 Before making any proposed rules, the PRA is required by FSMA to comply with several legal obligations, including to have regard to any representations made to it, and to publish an account, in general terms, of those representations and its feedback to them. [Sections 138J(3) and 138J(4) of FSMA.] In this PS, the 'Summary of responses' section above contains a general account of the representations made in response to CP19/23 and the 'Feedback to responses' section within each chapter contains the detailed responses and the PRA's feedback for each policy area.
1.31 When making rules, the PRA is also required to consider responses to consultation and publish an explanation of the PRA's reasons for believing that making the proposed rules is compatible with its objectives and with its duty to have regard to the regulatory principles. [Section 138J(2)(d) of FSMA.] In CP19/23, the PRA set out details of the applicable accountability framework in Chapter 1 (Overview). The PRA also pro
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