This document summarises the corporate governance structure within the Payment Systems Regulator Limited (the PSR). The corporate governance structure defines the way in which the PSR is constituted, directed and controlled by its governing body, the Board. The document therefore includes the Matters Reserved to the Board, the terms of reference of Board committees and the PSR’s Articles of Association.
This document is periodically reviewed and updated by the Board. This version was adopted by resolution of the Board in September 2025.
This document was updated on 29 September 2025 to reflect:
- a variety of delegations to Board committees and the consolidation of the FCA and PSR Risk Committees;
- adoption of a Board Charter;
- housekeeping changes arising from a review to improve clarity and readability.