European Commission s proposal for a Regulation on Electronic identification and trust services for electronic transactions in the EU internal market

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1 European Commission s proposal for a Regulation on Electronic identification and trust services for electronic transactions in the EU internal market Zoran Stančić, Deputy Director-General DG CONNECT European Commission 1

2 What is the legislative proposal's ambition? To strengthen EU Single Market by boosting TRUST and CONVENIENCE in cross-border and cross-sector electronic TRANSACTIONS

3 How? 1: Mutual recognition of eid 1. By ensuring that people and businesses can use and leverage across borders their national eids to access at least public services in other EU countries.

4 Mutual recognition of eid: an example Elisa, a Belgian student will be able to enrol to a foreign university online, rather than having to travel abroad to complete the paper work in person. She will be able because her Belgian eid WILL BE RECOGNISED 4

5 What is not covered? Member States are not obliged to have an e-id card or other identification schemes Member States are not obliged to notify their e- identification scheme(s) No "EU eid" No "EU database" of any kind 5

6 How? 2: Seamless cross-border trust services 2. By removing the barriers to seamless esignatures and related trust services across borders i.e. by ensuring that trust services have the same legal value as in traditional paperbased processes.

7 Seamless cross-border trust services: an example A French SME will be equally able to do business electronically with a counterpart established nationally or abroad Cross-border services will be technically feasible and legally recognised thanks to a common set of requirements at EU level for trust services like e- signatures, seals, documents, time stamps, delivery 7

8 Who will benefit from the proposal? Citizens Students will be able to enrol to a foreign university online, rather than having to travel abroad to complete the paper work in person.

9 Who will benefit from the proposal? Businesses Businesses will be able to securely complete cross-border electronic transactions (e.g, sign contracts, tender or submit annual reports online, with ease). They will be able to fulfil legal or procedural obligations, like sign, time stamp and seal their bids electronically instead of printing and sending multiple paper copies of the bids by courier. Companies will be able to electronically establish a branch abroad quickly and easily

10 A Member State experience: an example Setting up a limited liability company in Estonia takes 18 minutes through the e-commercial Company Registration Portal by using an Estonian, Portuguese, Belgian, Finnish ID card or an Estonian or Lithuanian Mobile ID. Through the same web portal, submitting company balances sheets was streamlined from a 3-month long paper process to a 20 minute electronic process.

11 Potential economic impact of the proposal: a concrete example - electronic invoicing Paper invoicing 8,60 EUR per invoice fully electronic invoicing 1,89 EUR per invoice SAVINGS: 78% *

12 Why will it make a difference? Comprehensive toolbox of trust building instruments One single legislation across EU Foster eid usage ( world premiere ) Creates confidence in electronic trust services Easy esignature Address clear market needs and citizen expectations Harmonise national legislation De-materialisation 12

13 For further information and feedback slation/regulation