Section 70A: Legal recognition of electronic bills of exchange
This section is inserted by 18 THE FINANCE ACT 2025, section 4.
consolidated text (as at 2011, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
70A. Legal recognition of electronic bills of exchange
(1) An electronic bill of exchange shall not be denied
legal effect, validity or enforceability on the sole ground that
it is in electronic form.
(2) (a) No person shall, without his consent, be
required to use an electronic bill of exchange.
(b) The consent of a person to use an
electronic bill of exchange may be inferred from the conduct
of that person.
(3) Where an enactment requires that information be
in writing, that requirement shall be met with respect to an
electronic bill of exchange if the information contained therein
is accessible so as to be usable for subsequent reference.
(4) A bill of exchange may be issued, accepted,
indorsed, transferred or discharged in electronic form,
provided that –
(a) it is created, managed and transferred
using a reliable system;
228 Acts 2025
(b) it is signed using a secure electronic
signature or a digital signature; and
(c) a reliable method is used to indicate the
date, time or place, as applicable, of the
electronic bills of exchange.