As a wholly owned subsidiary of the FCA, the Payment Systems Regulator (PSR) has announced that it is adopting and applying the same core principles of the Senior Managers Regime as the FCA.
A formal description of the core responsibilities of the PSR’s members of the Board, Executive Committee and those carrying out Senior Management Functions are set out in its –
- Statements of Responsibility
- Responsibilities map and committee structure
- Management Responsibilities document