The FSA has published an updated version of a paper in which it explains its role under the Payment Services Regulations 2009 (PSRs).

The purpose of the paper is to help firms navigate the PSRs and the relevant FSA rules and guidance. It is also aimed at helping firms understand the FSA’s general approach to payment services regulation and how the FSA will interact with them.

The updated paper takes into account queries the FSA has received and its experience in dealing with applications for authorisation and registration so far received.

View The FSA’s role under the Payment Services Regulations 2009, 25 May 2010