# The Payment Services Regulations 2017, Paragraph 5


A description of the applicant's governance arrangements and internal control mechanisms, including administrative risk management and accounting procedures, which demonstrates that such arrangements, mechanisms and procedures are proportionate, appropriate, sound and adequate.

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Source: https://www.legislation.gov.uk/uksi/2017/752/schedule/2/paragraph/5 (the official version)
Page: https://openlegislation.uk/payment-services-regulations-2017/schedule-2/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.