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However, the new code gives TPR an opportunity to evolve how it regulates DB funding, from the information it collects from schemes to how they provide it to TPR and how TPR processes it and engages with schemes to understand their approach to valuation. TPR is also enhancing its digital service to make the process for submitting valuations more reflective of the way that users engage with the regulator while ensuring that it captures the information it needs to identify emerging risks more effectively and respond to them in a targeted way.