Electronic signature – changes

Jun, 18 2019

The law “On electronic signature” is supposed to be changed. According to new amendments, only the Federal Tax Service will be entitled to issue qualified electronic signatures for legal entities.

Majority of companies In Russia use electronic signatures in their daily economic activity. Documents signed by electronic signature have the same legal force as paper documents with handwritten signature.

Now commercial certification companies are authorized to issue electronic signatures. Due to high market competition, they often do not check whether the owner of electronic signature is entitled to act on behalf of the company. This fact is actively used by fraudsters who illegally take over companies with the help of signature.

If amendments are adopted, only the Federal Tax Service will be entitled to issue electronic signatures. It will guarantee that electronic signature will be provided exclusively to those persons who are legally empowered to act on behalf of the company.