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In force2008 Revised Edition
Contents

Part V · Secure Electronic Records and Signatures

16. Secure electronic record

(1)

If a prescribed security procedure or a commercially reasonable security procedure agreed to by the parties involved has been properly applied to an electronic record to verify that the electronic record has not been altered since a specified point in time, such record shall be treated as a secure electronic record from such specified point in time to the time of verification.

(2)

For the purposes of this section and of section 17, whether a security procedure is commercially reasonable shall be determined having regard to the purposes of the procedure and the commercial circumstances at the time the procedure was used, including —

(a)

the nature of the transaction;

(b)

the sophistication of the parties;

(c)

the volume of similar transactions engaged in by either or all parties;

(d)

the availability of alternatives offered to but rejected by any party;

(e)

the cost of alternative procedures; and

(f)

the procedures in general use for similar types of transactions.

Report

Part VI

Effect of Digital Signatures

Part VII

General Duties Relating to Digital Signatures

Part VIII

Duties of Certification Authorities

Part IX

Duties of Subscribers

Part XI

Government Use of Electronic Records and Signatures

Part XII

General