(2) quality of hardware and software systems; (3) procedures for processing of certificates and applications for certificates and retention of records in connection with the provision of such services; (4) availability of information on the signatories identified in certificates and on the potential relying parties; (5) regularity and extent of audit by an independent body; (6) the certification issuing organizations or certification service provider with respect to the practice or existence of the factors specified in subparagraphs (1) to (5); (7) any other factor prescribed by the Commission. Section 30 A relying party is required to do the following: (1) take reasonable steps to verify the reliability of an electronic signature; (2) where an electronic signature is supported by a certificate, take reasonable steps to: (a) verify the validity, suspension or revocation of the certificate; and (b) observe any limitation with respect to the certificate. Section 31 A certificate or an electronic signature shall be deemed to be legally effective without having to consider: (1) the geographic location where the certificate is issued or the electronic signature created or used; or (2) the geographic location of the place of business of the issuer of the certificate or signatory. A certificate issued in a foreign country shall have the same legal effect as a certificate issued in the country if the level of reliability used in issuing such certificate is not lower than as prescribed in this Act. An electronic signature created or used in a foreign country shall have the same legal effect in the country as an electronic signature created or used in the country if the level of reliability used in creating or using such electronic signature is not lower than as prescribed in this Act. In determining whether which certificate or electronic signature offers reliability pursuant to paragraph two or paragraph three, regard shall be had to recognized international standards and any other relevant factors. CHAPTER 3 SERVICE BUSINESS RELATING TO ELECTRONIC TRANSACTIONS Section 32 Persons shall have the right to operate service business relating to electronic transaction. In the event where it is necessary to maintain financial and commercial stability, or for benefit of strengthening the credibility and acceptance of electronic transactions system, or to prevent damage to the public, a Royal Decree prescribing the service business relating to electronic transaction, which shall be subject to prior notification, registration or license shall be issued. www.ThaiLaws.com 8