FSA has made further changes to the approach document on its role under the Payment Services Regulations (PSR). They include, amongst others, clarifications on authorisation, financial crime controls, passporting and conduct of business, which were consulted upon earlier in the year. They also update on the registration process for those applying to become small payment institutions, and on the procedure to revoke a recurring transaction on a payment card. (Source: The FSA's Role Under the Payment Services Regulations Our Approach)