yep background-position: 0 .6em; 
You can also make your CSS and HTML more efficient
Code:
<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
<meta http-equiv="Content-Type" content="text/html; charset=utf-8" />
<title>Untitled Document</title>
<style type="text/css">
ul.circle {
color: #222;
list-style-type: none;
margin: 0 1em 0 1.2em;
}
ul.circle li {
font: 10pt italic Verdana, Arial, Helvetica, sans-serif;
line-height:1.5em;
background: url(http://www.askaboutvalidation.com/images2/bullet8.gif) no-repeat 0 .6em;
padding-left: 1.2em;
}
</style>
</head>
<body>
<h3>1. There are some basic elements to be considered:</h3>
<ul class="circle">
<li> An electronic signature solution must make electronic signatures secure through the use of a copy protection mechanism that makes it impossible to copy, cut or paste signatures and audit trails from an approved record. This is an element that is necessary in order to ensure the integrity of digitally signed records. </li>
<li> In an electronic environment, an electronic signature on an electronic record must carry the same legal weight as an original signature on a paper-based document. </li>
</ul>
</body>
</html>
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