61. Before entering into any outsourcing arrangement, institutions and payment institutions should:
a. assess if the outsourcing arrangement concerns a critical or important function, as set out in Title II;
b. assess if the supervisory conditions for outsourcing set out in Section 12.1 are met;
c. identify and assess all of the relevant risks of the outsourcing arrangement in accordance with Section 12.2;
d. undertake appropriate due diligence on the prospective service provider in accordance with Section 12.3;
e. identify and assess conflicts of interest that the outsourcing may cause in line with Section 8.