Payment Institutions, E-Money Institutions, and Registered Account Information Service Providers (RAISPs) operate under a distinct and increasingly demanding regulatory environment. The Payment Services Regulations 2017, the Electronic Money Regulations 2011, FCA supervisory expectations, and the Payment Systems Regulator’s expanding remit all create compliance obligations that differ significantly from those of standard FSMA-authorised firms. Generic compliance frameworks simply do not address these requirements adequately.

The PSR Foundation Kit has been developed specifically for firms operating in the payment services and e-money sector. Every template, framework, and policy document within the kit reflects the PSR 2017 and EMR 2011 obligations — not generic FCA Handbook requirements that don’t apply. If your firm holds an authorisation or registration as a PI, EMI, or RAISP, this is your starting point.

Before building — or rebuilding — your compliance framework, it pays to know exactly what gaps you are working with. The Replacement Business Health Check — Essential is a structured self-assessment and diagnostic tool that gives compliance officers, MLROs, and Senior Managers a clear, evidenced picture of their current compliance position against FCA regulatory expectations.

Designed to be completed in a single working session, this health check provides an honest, structured baseline assessment across key compliance domains — including governance, financial crime, operational resilience, training and competence, and Consumer Duty readiness. The output is a colour-coded gap analysis that identifies your highest-priority compliance risks, giving you a roadmap for remediation that is proportionate, documented, and defensible.