RP

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Because liability under the Directive is negligence-based (117), a certification-service-provider might be held to have no liability at all to a relying party.
50) In Ben-Shahar's no-retraction regime, a disappointed relying party can always threaten credibly to impose liability for her reliance damages upon a faithless suitor who walks away from the negotiations following the reliance.
The subscriber (probably a buyer) uses the private key to sign transactions, and a relying party (probably a seller) uses the certificate authority's directory of public keys and certificates to validate that the subscriber is a valid key holder and signer within the rules of this particular PKI.