null Price regulation in electronic identification continues

Price regulation in electronic identification continues

Press release 25.03.2021 14.00 fi sv en

Electronic identification, illustration (Photo: Shutterstock)

The Act on Strong Electronic Identification and Electronic Trust Services will be amended. The amendment will extend the maximum price regulation for the so-called chaining of electronic initial identification data by two years. For the next two years, the maximum price will remain the same as it is now, three cents.

Initial identification refers to reliable verification of a person’s identity when the person is issued a means of strong identification, such as online banking codes, for the first time. Chaining of initial identification data takes place when a new means of electronic identification is created entirely electronically with the help of an existing means of strong electronic identification, e.g. a new mobile certificate with the help of banking codes.

The price regulation that was set for a fixed period of time will be extended, because the availability of electronic identification is essential for the provision of secure basic public services. The current maximum price regulation has promoted the market and increased interest in the provision of identification services. However, the development process is not yet completed.

In connection with the adoption of the legislative amendment, Parliament required that the Ministry of Transport and Communications annually submit a report to the Transport and Communications Committee on the market and supply of strong electronic identification as well as an estimate of the need to continue the price regulation.

What next?

The Government proposed that the amendments to the Act on Strong Electronic Identification and Electronic Trust Services be adopted on 25 March 2021. The President of the Republic is expected to approve the amendments on 26 March 2021, and they are to enter into force on 1 April 2021.

Inquiries:

Laura Kolinen, Senior Officer, tel. +358 50 476 8399

Jenni Rantio, Senior Government Adviser, tel. +358 50 534 7647