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 2023.
The terms of reference for the Audit Committee and People Committee are currently under review and a future version of the document will be published to include these once this review has been completed. We are also reviewing wider references to EU legislation within the document which may no longer be applicable.