In this country, the regulatory framework is Ley 729 on Electronic Signatures, differentiating between e-signatures and certified electronic signatures. The latter is considered to have the same validity as a handwritten signature.
According to this regulation, the e-signature is defined as:
”Electronic data integrated into a data message or logically linked to other electronic data, which may be used to identify the owner relating to the data message and to indicate the owner’s approval of the information contained in the data message”
In order to have legal validity, the certified e-signature must fulfil the following three requirements:
- The signature creation data corresponds exclusively to the owner
- That the certificate has been issued by a Trust service provider
- The device used to create the signature must be secure and belongs to a Trust service provider.