45. Institutions, in line with Title IV, Section 11, of the EBA Guidelines on internal governance [Payment institutions may also align their policies with those guidelines.], and payment institutions should identify, assess and manage conflicts of interests with regard to their outsourcing arrangements.
46. Where outsourcing creates material conflicts of interest, including between entities within the same group or institutional protection scheme, institutions and payment institutions need to take appropriate measures to manage those conflicts of interest.
47. When functions are provided by a service provider that is part of a group or a member of an institutional protection scheme or that is owned by the institution, payment institution, group or institutions that are members of an institutional protection scheme, the conditions, including financial conditions, for the outsourced service should be set at arm’s length. However, within the pricing of services synergies resulting from
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