The Electronic Transactions Law 12. Any person or organization from inside or outside of the country desirous of performing service as a certification authority shall apply to the Control Board to obtain the licence in accordance with the stipulations. 13. The Control Board may, after scrutinizing the licence application under section 12, issue the licence to the person or organization by prescribing the terms and conditions or refuse to issue the same. 14. The certification authority shall: (a) utilize the trustworthy system so as not to cause intrusion and misuse of computer hardware, software and procedures of computer; (b) prescribe a reasonable level of reliability in its services which are reasonably suited to the performance of intended functions; (c) carry out the secrecy and privacy of the electronic signatures in accordance with the security procedures ; (d) observe the specified standards ; (e) mention the detailed facts of electronic transactions certificate; (f) disclose its service that can be provided with respect to issuance of certificate; (g) disclose facts that may materially and adversely affect reliability, or responsibility or guaranty of a certificate that is issued or its ability to perform its services; (h) in the event of occurrences that may materially and adversely affect due to conditions permitted in the certificate or failure in the computer system: (i) notify the person who may foreseeably be affected, by any possible means; (ii) act in accordance with procedures governing such an occurrence specified in its certification practice statement; (i) comply with the regulations and duties prescribed by the Control Board from time to time. 15. (a) The certification authority who obtains a licence issued under section 13 shall, on submitting a proposal to obtain a permit under the Myanmar Citizens Investment Law or Union of Myanmar Foreign Investment Law, apply to the Myanmar Investment Commission together with the licence issued by the Control Board. (b) The Myanmar Investment Commission may, with respect to application under sub-section (a), seek the remark of the Control Board, if necessary. Chapter VII Subscriber 16. (a) Any person, desirous of performing as a subscriber, shall apply to the certification authority to obtain the certificate in accordance with the stipulations. (b) The certification authority may, after scrutinizing the application under sub-section (a), issue the certificate by prescribing conditions or refuse to issue the same. Page 5 of 11