EU: Electronic signatures

A proposal for a Directive concerning the use of electronic signatures has been put forward by the EC. By laying down minimum rules concerning security and liability, the proposal would ensure electronic signatures were legally recognised throughout the EU on the basis of the Single Market principles of free movement of services, thus creating a framework for secure on-line transactions and stimulating investment in electronic commerce services. “Electronic commerce has the potential to become a key stimulus for the world’s economy into the next century,” said Martin Bangemann. “But secure transactions are essential if this potential is to be realised in Europe. Once adopted, this Directive will remove one of the main remaining obstacles to the widespread take-up of electronic commerce,” he added. The Commission expects this Directive will be adopted within 12-18 months.