6. Financial Services and Markets

For rules set by the Financial Supervisory Authority, see website.

A. Credit Institutions

A.1.
Act on Financial Undertakings, no 161/2002.
Regulation No 34/2002 on the maximum of loans and guarantees of credit institutions and undertakings engaged in securities services.
Regulation on a Branch and a representative office of a credit institution established in a country outside the European Economic Area, No 307/1994.
Regulation on a Branch and a representative office of a credit institution established in a country within the European Economic Area, No 308/1994.

Regluation No 244/2004 authorising financial institutions and subsidaries of cretit institutions established in another state of the European Economic Area to pursue financial activities in Iceland.

A.2.
Act on Deposit Guarantees and Investor-Compensation Scheme, No. 98/1999
Act No.139/2002 amending Act on Deposit Guarantees and Investor-Compensation No 98/1999.
Regulation on Deposit Guarantees and Investor-Compensation Scheme, No 120/2000

A.3.
Act on the Establishment of Limited Liability Companies to operate Landsbanki Íslands and Búnaðarbanki Íslands, No 50/1997

Act on the Establishment of the Icelandic Investment Bank Ltd., No 60/1997

Act on the New Business Venture Fond, No 61/1997.
Act No 143/2002 for the amendment of Act No 61 of 26 May, 1997, on the New Business Venture Fund, as subsequently amended .



B. Securities

B.1.
Act on Securities Transactions, No 33/2003.


B.2.
Act on Undertakings for Collective Investment in Transferable Securities, UCITS, No. 30/2003


B.3.
Act on Activities of Stock Exchanges and Regulated OTC markets, No 34/1998.
Regulation nr. 433/1999 on the disclosure requirements of issuers, stock exchange members and owners of shares listed on a stock exchange.


B.4.
Act on Electronic Registration of Title to Securities, No 131/1997.
Regulation nr. 397/2000 on electronic registration of securities in a central securities depository.


C. Financial Supervision.

C.1.
Law on official supervision of financial operations, No 87/1998

Act on the Payment of Costs for Public Supervision of Financial Activities, No. 99/1999.


D. Interest and Price Indexation

Act No 38/2001 on interest and price indexation