EU makes headway on e-signatures.
It has taken more than 13 years to do it, but the European Union has finally introduced a cohesive electronic signature law that its 28 member states can support. The EU hopes to have an e-signature regulation in place by July, according to Law Technology News. The new law would be comparable to the U.S. e-signature law.
The legal groundwork for a cross-border e-signature law was established by a directive issued in 1999. Member countries were required to adopt the directive by 2001. However, each country adopted its own interpretation of the directive and there was a lack of interest from the commercial sector in adopting the model, according to Hugh Logue, a senior analyst at Outsell Inc., in an interview with Law Technology News. The new European regulation on Electronic Identification and Trust Services for Electronic Transactions in the Internal Market, which was adopted in April and is now awaiting the final endorsement of the Council of Ministers in June, will remedy that situation.
Part of the reason the U.S. was able to more easily adapt to the e-signature landscape is because of its shared legal system, said Logue.
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|Title Annotation:||INFO SECURITY; European Union's rule for electronic signature|
|Publication:||Information Management Journal|
|Article Type:||Brief article|
|Date:||Jul 1, 2014|
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