!!! Overview
[{$pagename}] ([eIDAS]) is an [European Union] [regulation] on electronic [identification] and [trust] services for electronic transactions in the internal market. 


Electronic [IDentification|Identification] [Authentication] and [trust] Services is a set of standards for electronic [identification] and [trust] services for electronic transactions in the [European Single Market]. 

[{$pagename}] was established in [EU] [regulation] 910/2014 of 23 July [2014|Year 2014] 

[{$pagename}] regulates [Electronic Signatures], electronic transactions, involved bodies and their embedding processes to provide a safe way for users to conduct business online like electronic funds transfer or transactions with public services. Both the signatory and recipient have access to a higher level of convenience and [security]. Instead of relying on traditional methods, such as mail, facsimile service, or appearing in person to submit paper-based documents, they may now perform transactions across borders, e.g., using "1-Click" technology.[2][3]

[eIDAS] has created standards for which electronic signatures, qualified digital [certificates], electronic seals, [timestamps] and other proof for [authentication] mechanisms enable electronic [transactions] with the same [legal] standing as transactions performed on paper.

[{$pagename}] is in two parts. The first section deals with [government|Government Entity]-recognized electronic identification systems and establishes a [legal] [framework] that will allow all [European Union] member states to mutually recognize each other’s [identification] systems. This section targets the public sector and requires Member States to permit citizens from other member states to use their own electronic IDs to access their online services. Private sector companies are not directly impacted by this portion of eIDAS, although services developed for the public sector will likely also be extended to them. [2]

The second section of [eIDAS] deals with electronic signatures. It clarifies existing rules, but also introduces a new [legal] framework for electronic signatures and seals. However, service providers are not obliged to change their way of working in a significant manner. Instead, [eIDAS] offers incentives to follow European rules, by granting greater legal certainty to services that follow eIDAS’s rules designed to improve the reliability of these services. [2]


[{$pagename}] regulation specifically applies to public services, businesses can also make use of the improvements to the electronic identity framework. Perhaps the sector with the most to gain is [Financial Institutions] services, as they face demanding [Know Your Customer] ([KYC]) requirements on a daily basis. On December 20, 2017, a political agreement to amend [Anti-Money Laundering] ([AML]) regulations includes a reference to allow electronic identification (eID) to fulfil [KYC]/customer due diligence requirements.



!! More Information
There might be more information for this subject on one of the following:
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* [#1] - [EIDAS|Wikipedia:EIDAS|target='_blank'] - based on information obtained 2016-08-02
* [#2] - [Understanding eIDAS|https://www.legaltechnology.com/latest-news/understanding-eidas-all-you-ever-wanted-to-know-about-the-new-eu-electronic-signature-directive/|target='_blank'] - based on information obtained 2016-08-02