Kinetics of ground state reactions under restricted geometry conditions have been rationalized generally taking as a basis the Pseudophase Model, whose basic hypothesis is: The distribution of the reactants between the pseudophases is at equilibrium, that is, the rate of the reaction is slow in relation to the rates of entry and exit of the reactant to and from the receptor. However, photochemical reactions are generally very rapid, so the following question emerges: is the Pseudophase Model still applicable to photochemical reactions? To answer this question has been the primary objective of this work in which photochemical reactions in micelles, polymers and cyclodextrins have been reviewed. The lifetime of the fluorophore and the distributions of the quencher and the probe are crucial properties; they must be taken into account to obtain a proper description of the behaviour of a given system. The models of Infelta, Almgren and Quina visualise different scenarios with varied combinations of these properties. It is shown that, in some cases, the Pseudophase Model holds at least formally.