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.
UPDATES:
- 14 July 2025: This document is currently being updated. The revised version will be published shortly.
- This document was updated on 15 August 2024 to include the terms of reference for the Audit Committee and People Committee. We are also reviewing wider references to EU legislation within the document which may no longer be applicable.
- This document was updated on 27 September 2024. We made an amendment to pg.32 (Notice and proceedings of meetings) at paragraph 12.23:
Unless otherwise agreed, notice of each meeting confirming the venue, time and date, together with an agenda of items to be discussed, shall be forwarded to each member of the Committee and any other person required to attend no later than 5 working days before the date of the meeting.