Ukraine Updates Rules for Electronic Signatures and Seals
Recent government and National Bank of Ukraine decisions simplify the use of electronic signatures and seals, particularly within the financial sector.
The publication Deals has released an article detailing significant changes in electronic document management that occurred at the end of 2023. These updates, initiated by the Cabinet of Ministers of Ukraine and the National Bank, substantially impact the use of electronic signatures and seals.
Specifically, Cabinet of Ministers Resolution No. 1298 of December 12, 2023, approved the requirements for advanced electronic signature (AES) and seal formats used for providing electronic public services. This decision allows for the continuous use of AES, eliminating the mandatory requirement for qualified electronic signatures (QES) on secure storage devices (tokens) in most cases, unless otherwise stipulated by law. Previously, AES was used within an “experimental project” during martial law.
Concurrently, the National Bank of Ukraine, through Resolution No. 172 of December 20, 2023, approved the Regulation on the Use of Electronic Signatures and Electronic Seals. This document establishes a unified procedure for their application within the banking system, non-banking financial services markets, and during the provision of payment services. The Regulation governs the use of all types of electronic signatures (QES, AES, simple EP, etc.) and defines the conditions for their legal validity, irrespective of their creation technology.
Why is this beneficial for Ukrainian businesses and the Intecracy Group audience?
- Streamlined Document Management: The removal of mandatory tokens for AES significantly simplifies the electronic document signing process, making it more accessible and convenient for a wider range of users.
- Legislative Harmonization: The new norms align Ukrainian legislation on electronic trust services with European standards, fostering integration and international cooperation.
- Clarity for the Financial Sector: The NBU’s regulation provides clear rules for financial institutions and their clients regarding the use of various types of electronic signatures, enhancing legal certainty and operational security.
Source: Deals
Source: Deals