Corporate governance of the PSR Limited

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 October 2025.

Chapter 13 within this document was updated on 31 October 2025 to reflect:

• the PSR’s current governance arrangements and statutory responsibilities
• a clear and accessible presentation of the Enforcement Decision Committee’s role and powers for stakeholders
• housekeeping changes arising from a review to improve clarity and readability

Annex – Revised EDC ToR Revision shows the changes made to the previous version of the EDC ToR for reference.