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Estonia · Law · SE

736

The Act to Amend the E-Identification and E-Transactions Trust Services Act

avaldatud riigiteatajasEstonia· Riigikogu· ET

Introduced

7 November 2022

Last action

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Status

AVALDATUD_RIIGITEATAJAS

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Discovery layer

Source updated

15 February 2023

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Summary

According to the current law, qualified trust service providers can offer e-identification and trust services necessary for e-transactions, such as signing with an ID card, Smart-ID and mobile ID, or personal identification if a liability insurance contract has been concluded with the insurance provider. Since the Estonian market is small and it is expensive for local service providers to develop a niche service, professional liability insurance is not offered to the Estonian market in the desired volume. In order for the provision of the service not to be interrupted due to the lack of insurance, it is necessary to provide an alternative. In accordance with the EU regulation, the draft allows to ensure compensation for damages with a guarantee equivalent to liability insurance or by proving the existence of sufficient financial resources. The change affects qualified trust service providers. There are currently two of them in Estonia: Guardtime OÜ and SK ID Solutions AS.

Machine translation from Estonian. The official text remains authoritative.

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Documents

19 official files

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