Signature and Trust Services Act (SVG)
The SVG regulates those areas in which the directly applicable eIDAS Regulation for the topic of trust services gives the Member States the possibility of issuing national regulations.
Through the creation of a new and EU-wide harmonised legal framework for trust services, the Signature Act was to be rescinded and a new accompanying or implementing law issued to the eIDAS regulation for the topic of trust services.
The SVG regulates those areas in which the directly applicable eIDAS Regulation gives the Member States the possibility of issuing national regulations. This concerns in particular regulations or specifications in the areas of trust service providers, supervision, formal regulations, liability and penalties in the event of non-compliance with the specifications of the eIDAS Regulation. Although the SVG applies to all trust services, the creation, validation and preservation of electronic signatures continue to be the core.. For instance, the legal effects valid up until now pursuant to the SigG of the written form pursuant to Section 886 ABGB of a qualified electronic signature with regard to general formal regulations of Austrian civil law are retained. It therefore continues to be possible to sign contracts electronically with an electronic signature with the same effect as if you were to sign the contract by hand. In addition, an important step for consumer protection was made with the SVG: companies can no longer exclude in “hidden clauses” in the general terms and conditions of business that they accept the electronic signature and thus e.g. prevent electronic terminations of subscriptions, etc.