Abstract
We show that the pseudogap phenomenon observed in the underdoped cuprates, including such details as the increase of pseudogap with decreasing doping δ, its T independence, its closing at temperature Tgap* which grows with decreasing δ, the gradual destruction of the Fermi surface with decreasing T starting from Tgap*, the anomalous form of electron spectral functions as functions of energy, and the form of wave-vector dependence of the “spectrum” around (0,π), can be naturally understood within a concept of proximity of the underdoped regime to a 2D electronic topological transition.