106. Institutions and payment institutions should have a documented exit strategy when outsourcing critical or important functions that is in line with their outsourcing policy and business continuity plans [Institutions, in line with the requirements under Article 85(2) of Directive 2013/36/EU and Title VI of the EBA Guidelines on internal governance, and payment institutions should have appropriate business continuity plans in place with regard to the outsourcing of critical or important functions.], taking into account at least the possibility of:
a. the termination of outsourcing arrangements;
b. the failure of the service provider;
c. the deterioration of the quality of the function provided and actual or potential business disruptions caused by the inappropriate or failed provision of the function;
d. material risks arising for the appropriate and continuous application of the function.
107. Institutions and payment institutions should ensure that they are able to exit outsourcin
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