The eIDAS Regulation has applied since 2016 and creates a European internal market for the so-called “eTrust Services” by ensuring that these Services will work across borders and have the same legal status as traditional paper-based processes.
These eTrust services are e-signatures, electronic seals (i.e. the electronic equivalent of a seal or stamp which is applied on a document to guarantee its origin and integrity), electronic Time Stamps (i.e. date and time on an electronic document which proves that the document existed at a point-in-time and that it has not changed since then), electronic registered delivery service (i.e. the equivalent in the digital world for registered mail) and website authentication certificates (i.e. a trustmark for websites).
The eIDAS Regulation ensures that people and businesses can use their own national electronic identification schemes (eIDs) to access public services in other EU countries where eIDs are available (this happens on the basis of mutual recognition; for the private sector the legislation only encourages Member States to open the use of eID to the private sector).
In the spring of 2018, the European Commission launched a pilot project to make eIDAS better known and to enhance the uptake of the eIDAS tools by SMEs, amongst others focusing on SMEs in the financial services sector.
BIPAR participated in a number of events organised by the Commission and shared the information packs and tools with its members (practical guides, checklists, interactive tools, …).
This also included a specific 1-hour Commission webinar in October 2018 on the possible use of the eIDAS systems and services by SMEs in the financial services sector.The webinar aimed to demonstrate the benefits of introducing eIDAS solutions into daily business in the financial services sector, focusing on:
The pilot project was concluded at the end of 2018 but the material remains accessible on the Commission’s website.
The European Commission has to report (to the European Parliament and the Council) on the application of the eIDAS Regulation by 1 July 2020. The report will assess to what extent the eIDAS framework remains fit for purpose delivering the intended outcomes, results and impacts and may identify possible further actions to improve regulatory performance. The Commission will conduct an evaluation in line with the Better Regulation guidelines, also involving a public and a targeted stakeholder consultation.
- Published in June 2020 -