# The Payment Services Regulations 2017, Regulation 124: Functions of the Payment Systems Regulator


(1) The Payment Systems Regulator has the functions and powers conferred on it by these Regulations.
(2) In determining the general policy and principles by reference to which it performs particular functions under these Regulations ... the Payment Systems Regulator must have regard to the matters to which the FCA is required to have regard by regulation 106(3), and for that purpose references to the FCA in regulation 106(3)(f) to (h) are to be read as references to the Payment Systems Regulator.
(3) The Payment Systems Regulator must maintain arrangements designed to enable it to determine whether regulated persons are complying with qualifying requirements, and for enforcing qualifying requirements.

---
Source: https://www.legislation.gov.uk/uksi/2017/752/regulation/124 (the official version)
Page: https://openlegislation.uk/payment-services-regulations-2017/regulation-124
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.