EU eSignature Directive
DocuSign’s Chief Legal Officer, Ken Moyle’s reaction to the EU regulation on eSignature and electronic identification services
London, UK, 9 April 2014 - This week the European Parliament took early action on the new European Electronic Identification and Trusted Services for Electronic Transactions (eIDAS) regulation, building on the foundations of the EU Directive on eSignatures 1999 and the UK Electronic Communication Act of 2000. The legislation provides a clear legal framework at an EU level and breaks down any cross market barriers of using eSignatures.
The regulation will help to increase trust in electronic transactions, promote cross border use of electronic signatures and take Europe a step closer to a single digital market. It is strongly believed by the EU that promoting and building trust in the online environment is key to economic development.
DocuSign’s Chief Legal Officer Ken Moyle commented on the news saying, “We’re thrilled this regulation has passed as it has been a long time in development. The European Union recognise that electronic signatures are safe, secure, and legally binding helping to speed up business transactions every where in Europe.”
The directive also requires member states to recognise each other’s electronic identification systems. This regulation clears up any confusion about what defines an eSignature. Moyle adds, “There will now be far more options available to businesses, and helps eliminate any fear businesses may have had around deploying a new approach to transaction management. eSignatures present a real advantage to businesses and companies such as Red Bull, Microsoft, and Hewlett-Packard along with many others, who all are already enjoying the benefits of moving towards a single digital market by being a 100% digital business.”
The EU’s announcement this week also highlights the importance of DocuSign’s joint security solution and agreement with OpenTrust, the leading European provider of software and cloud trust services.
DocuSign meets the requirements of the EU Directive on eSignature 1999/93/EC and the new eIDAS regulation. Additionally, DocuSign is the only Digital Transaction Management (DTM) platform that is ISO 27001 certified as an information security management system (ISMS), PCI DDS 2.0 compliant, TRUSTe certified, US-EU Safe Harbor compliant, and SSAE 16 Type II audited. Every eSignature provider has some level of security included in their solution, but DocuSign boasts three geo-dispersed, SSAE 16 audited datacentres with 24/7 security, near real-time secure data replication and encrypted archives.
About Ken Moyle
Ken Moyle has more than 20 years’ experience in law and legal technology. Frequently he lectures on international law and advises government agencies, lawmakers and industry executives on electronic signatures and records. Moyle also has consulted on language use by policy makers in Brussels developing EU law for digital businesses.