Iceland Legislation

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Constitutional law

Constitution of the Republic of Iceland

Constitution of the Republic of Iceland<span class="Apple-converted-space">&nbsp;</span>

Litigation and court procedure

Act on Professional Lawyers No.77/1999<span class="Apple-converted-space">&nbsp;</span>

Act on the Judiciary No.15/1998<span class="Apple-converted-space">&nbsp;</span>

Electoral law

Act Concerning Parliamentary Elections to the Althing No. 24 from 16 May 2000

Local Government Elections Act, No. 5, 6 March 1998.

Administrative / Public Law

Act No. 85/1997 on the Althing Ombudsman

Act no. 73 24 May 2005 Tourism Administration Act

Act on Foreigners

Act on Municipality Credit Iceland No. 136/2004

Act on the Schengen Information System in Iceland, no. 16/2000.

Administrative Procedure Act<span class="Apple-converted-space">&nbsp;</span>

Hotel and restaurant Act 1985

Icelandic Nationality Act<span class="Apple-converted-space">&nbsp;</span>

Icelandic Nationality Act, No. 100/1952<span class="Apple-converted-space">&nbsp;</span>

Information Act

Law on lotteries no. 38/2005<span class="Apple-converted-space">&nbsp;</span>

Legislative Act on Sports No. 64/1998<span class="Apple-converted-space">&nbsp;</span>

Local Government Act 1998 no. 45, 3 June.

Pre Schools (Nursery Schools) Act No. 90/2008<span class="Apple-converted-space">&nbsp;</span>

Regulation on Foreigners, No. 53/2003<span class="Apple-converted-space">&nbsp;</span>

The Compulsory School Act No. 91/2008<span class="Apple-converted-space">&nbsp;</span>

The Icelandic Student Loan Fund Act

The Local Authorities Social Service Act, No. 40/1991.

The Public Procurement Act, No. 84/2007

The Public Procurement Act, No. 84/2007

The Public Procurement Act, No. 94/2001<span class="Apple-converted-space">&nbsp;</span>

The Public Projects Procedures Act, No. 84/2001<span class="Apple-converted-space">&nbsp;</span>

The Social Assistance Act No. 118/1993

The Social Security Act No. 117/1993

The University of Iceland Act no 41/1999

The Upper Secondary School Act No. 92/2008<span class="Apple-converted-space">&nbsp;</span>

Criminal Law

Act on Measures against Money Laundering No 80/1993

Act on Measures against Money Laundering and Terrorist Financing , No. 64/2006 (64/2006)<span class="Apple-converted-space">&nbsp;</span>

Code of Criminal Procedure, No. 19/1991- Exerpts<span class="Apple-converted-space">&nbsp;</span>

Execution of Sentences Act No. 49/2005<span class="Apple-converted-space">&nbsp;</span>

Extradition of Criminals and Other Assistance in Criminal Proceedings Act No. 13, 17th April 1984

General Penal Code No. 19, February 12, 1940

Police Act no. 90 13th June 1996<span class="Apple-converted-space">&nbsp;</span>

Regulation on obligation to report and customer due diligence in measures against money laundering and terrorist financing (550/2006)<span class="Apple-converted-space">&nbsp;</span>

Civil Law

Act in Respect of Children no. 76/2003

Act on Equal Status and Equal Rights of Women and Men, No. 10/2008

Act on Housing Affairs (44/1998)

Act on Maternity/Paternity Leave and Parental Leave, No. 95/2000.<span class="Apple-converted-space">&nbsp;</span>

Act on the Right of Ownership and Use of Real Property<span class="Apple-converted-space">&nbsp;</span>

Child Protection Act no. 80/2002.

Inheritance Act No. 8, 14 March 1962

Law in Respect of Marriage No. 31 of April 14th, 1993.<span class="Apple-converted-space">&nbsp;</span>

Rent Act, No. 36, 22nd April 1994.

The Youth Act No. 24/1970<span class="Apple-converted-space">&nbsp;</span>

Commercial Law

Act No 103/1992 respecting Commission Sales Transactions

Act No 28/1998 respecting Professional Commerce.

Act No 38/2001 on interest and price indexation<span class="Apple-converted-space">&nbsp;</span>

Act No 46/2000 on Door-to-Door Sales and Distance Contracts

Act No 50/2000 on Sale of Goods

Act No. 14/1995 on Amendment of Act No 7/1936, on Making Contacts, Agency and Void Undertakings, with later Amendments (unfair terms).

Act on Consumer Credit, No 121/1994.

Act on Product Safety and Official Market Control, No 134/1995.

Act on Supervision of Unfair Commercial Practices and Transparency of the Market, No 57/2005.

Act on the Consumer Agency and Consumer Spokesman

Act on the Implementation of Invitation to Tender, No 65/1993

Act respecting the Security of Transfer Orders in Payment Systems, No 90/1999

Law on Product Liability, No 25/1991

Regulation No. 887/2008 amending Regulation No. 630/2005 on inside information and market abuse<span class="Apple-converted-space">&nbsp;</span>

Company law

Act No 26/2004 on European Companies.

Act No 26/2004 on European Companies.

Act No. 92/2006 respecting European Cooperative Societies<span class="Apple-converted-space">&nbsp;</span>

Act No. 92/2006 respecting European Cooperative Societies<span class="Apple-converted-space">&nbsp;</span>

Act on International Trading Companies, No 31/1999

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

Act respecting Foundations Engaging in Business Operation, No. 33/1999

Act respecting Private Limited Companies, No. 138/1994.

Act respecting Public Limited Companies No. 2/1995.

Competition Law No 44/2005.

Competition Law No 44/2005.

The Industrial Act No 42/1978

Labor Law

Act No 139/2005 Act on temptorary-work agencies

Act No. 46/1980 on Working Environment, Health and Safety in Workplaces

Act No. 54/2001 on the Terms of Service of Workers Temporarily Employed in Iceland by Foreign Companies.

Act Respecting Labourers' Right to Advance Notice of Termination of Employment and to Wages on Account of Absence through Illness and Accidents No. 19/1979.

Act on Equal Status and Equal Rights of Women and Men, No. 10/2008<span class="Apple-converted-space">&nbsp;</span>

Act on Trade Unions and Industrial Disputes No. 80/1938 with subsequent amendments.

Act on Working Environment, Health and Safety in the Workplace, No. 46/1980.<span class="Apple-converted-space">&nbsp;</span>

Act on temporary-work agencies, No. 139/2005.

Act on the rights and obligations of foreign undertakings that post workers temporarily in Iceland and on their workers’ terms and condition of employment, No. 45/2007

Act on the rights and obligations of foreign undertakings that post workers temporarily in Iceland and on their workers’ terms and condition of employment, No. 45/2007<span class="Apple-converted-space">&nbsp;</span>

Foreign Nationals' Right to Work Act No. 97/2002.

Labour Market Measures Act, No. 55/2006<span class="Apple-converted-space">&nbsp;</span>

Prohibition on termination of employment due to family responsibilities Act, No. 27/2000<span class="Apple-converted-space">&nbsp;</span>

Regulation on foreign nationals’ right to work, No. 339/2005<span class="Apple-converted-space">&nbsp;</span>

Regulation regarding the work of children and adolescents, No. 426/1999<span class="Apple-converted-space">&nbsp;</span>

The Act on the Mandatory Guarantee of Pension Rights and the Operation of Pension Funds. (129/1997)

The Government Employees Act, No. 70/1996<span class="Apple-converted-space">&nbsp;</span>

The Government Employees Pension Fund Act, No. 1/1997<span class="Apple-converted-space">&nbsp;</span>

The Holiday Allowance Act No. 30/1987.

The Pension Act, No. 129/1997<span class="Apple-converted-space">&nbsp;</span>

The Pension Act, No. 129/1997<span class="Apple-converted-space">&nbsp;</span>

The Wage Guarantee Fund Act, No. 88/2003

Unemployment Insurance Act 1997 No. 12 13th of March,with amendments by Act No. 47/1998,129/1997 and 130/1997.

Vocational Training (Business Sector) Act, No. 19/1992<span class="Apple-converted-space">&nbsp;</span>

Working Terms and Pension Rights Insurance Act No. 55 of 9th June 1980, with subsequent amendments.

Health law

Act on Biobanks No. 110/2000

Act on Communicable Diseases No. 19/1997

Act on Health Security and Communicable Diseases No. 19/1997

Act on Medical Devices No 16/2001

Act on Patient Insurance No. 111/2000

Act on a Health Sector Database No. 139/1998

Act on a Health Sector Database No. 139/1998

Act on payments to parents of chronically ill or severely disabled children, No. 22/2006, as amended<span class="Apple-converted-space">&nbsp;</span>

Act on the Affairs of the Elderly No. 125/1999

Act on the Affairs of the Handicapped, No. 59/1992.

Act on the Rights of Patients No. 74/1997

Artificial Fertilisation Act No. 55/1996

Dentistry Act No. 38/1985<span class="Apple-converted-space">&nbsp;</span>

Health Service Act No. 40/2007

Medical Director of Health Act No. 41/2007

Physicians Act No 53/1988<span class="Apple-converted-space">&nbsp;</span>

The Foodstuffs Act 1985

The Foodstuffs Act no. 93/1995<span class="Apple-converted-space">&nbsp;</span>

The Medicinal Products Act No. 93/1994

Tobacco Control Act no. 6/2002

Insurance Law

Act on Insurance Activities, with Amendments (60/1994)

Act on Insurance contract, No 30/2004

Regulation on Calculation on Adjusted Solvency for Insurance Companies. (954/2001)<span class="Apple-converted-space">&nbsp;</span>

Regulation on Legal Assistance Insurance (99/1998)<span class="Apple-converted-space">&nbsp;</span>

Tax law

Act No. 170/2008 on the taxation of hydrocarbon extraction<span class="Apple-converted-space">&nbsp;</span>

Act on Imports, No. 88/1992.<span class="Apple-converted-space">&nbsp;</span>

Customs Law, No. 88/2005<span class="Apple-converted-space">&nbsp;</span>

Law No. 97/1987, on commodity tax

The Value Added Tax Act, No. 50/1988

Banking law

Act No 38/2001 on interest and price indexation

Act No. 125/2008 on the Authority for Treasury Disbursements due to Unusual Financial Market Circumstances etc<span class="Apple-converted-space">&nbsp;</span>

Act No. 95/2008 Debt Collection

Act no. 78/2007 on occupational retirement funds

Act on Activities of Stock Exchanges and Regulated OTC markets, No 34/1998.

Act on Changes to Act No. 129/1997, on the Mandatory Guarantee of Pension Rights and the Operation of Pesinon Funds (56/2000)<span class="Apple-converted-space">&nbsp;</span>

Act on Covered Bonds No. 11/2008<span class="Apple-converted-space">&nbsp;</span>

Act on Covered Bonds No. 11/2008<span class="Apple-converted-space">&nbsp;</span>

Act on Deposit Guarantees and Investor-Compensation Scheme, No. 98/1999

Act on Electronic Registration of Title to Securities, No 131/1997.

Act on Financial Undertakings, no 161/2002.

Act on Financial Undertakings, no 161/2002.

Act on Foreign Exchange, No. nr. 87/1992<span class="Apple-converted-space">&nbsp;</span>

Act on Information and Consultation in Undertakings, No. 151/2006<span class="Apple-converted-space">&nbsp;</span>

Act on Investment by Non-residents in Business Enterprices, No 34/1991.

Act on Payment of Cost Due to Official Supervision of Financial Activities (99/1999)

Act on Securities Transactions (108/2007)

Act on Securities Transactions, No 33/2003.

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

Act on official Supervision of Financial Operations with Amendments (87/1998)

Act on the Central Bank of Iceland (36/2001)

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

Act on the European Economic Interest Grouping, nr. 159/1994.

Act on the Mandatory Guarantee of Pension Rights and the Operation of Pension Funds. (129/1997)<span class="Apple-converted-space">&nbsp;</span>

Act on the New Business Venture Fond, No 61/1997.

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

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

Reglulation on Investments of Electronic Money Institutions (671/2002)<span class="Apple-converted-space">&nbsp;</span>

Regulation No. 191/2008 on reporting of transactions pursuant to Article 30 of Act No. 108/2007 on securities transactions.

Regulation No. 245/2006, on Official Listing of Securities on a Stock Exchange.<span class="Apple-converted-space">&nbsp;</span>

Regulation No. 521/2007 amending the Regulation on examinations in securities transactions No. 633/2003.

Regulation No. 707/2008 on provision of information and notification requirements in accordance with Act No. 108/2007 on securities transactions<span class="Apple-converted-space">&nbsp;</span>

Regulation authorising financial institutions and subsidiaries of credit institutions established in another state of the European Economic Area to pursue financial activities in Iceland (244/2004)<span class="Apple-converted-space">&nbsp;</span>

Regulation nr. 397/2000 on electronic registration of securities in a central securities depository.<span class="Apple-converted-space">&nbsp;</span>

Regulation on Guarantee Insurance for Securities Brokarages (508/2000)<span class="Apple-converted-space">&nbsp;</span>

Regulation on Mandatory guarantee of Pension Rights and the Operation of Pension Funds (391/1998)<span class="Apple-converted-space">&nbsp;</span>

Regulation on a branch and a representative office of a credit institution established in a country outside the European Economic Area (307/1994)<span class="Apple-converted-space">&nbsp;</span>

Regulation on a branch and a representative office of a credit institution established in another country within the European Economic Area (308/1994)

Regulation on electronic registration of securities (397/2000)

Rules on Listing of Securities on the Iceland Stock Exchange, ltd. (2/1999)

Rules on additional own funds items for financial undertakings (156/2005)<span class="Apple-converted-space">&nbsp;</span>

Rules on large exposures incurred by financial undertakings (216/2007)<span class="Apple-converted-space">&nbsp;</span>

Rules on large exposures incurred by financial undertakings (531/2003)<span class="Apple-converted-space">&nbsp;</span>

Rules on the Capital Requirement and Risk Weighted Assets of Financial Undertakings (215/2007)

Rules on the Solvency Ratio of Financial Undertakings (530/2003)<span class="Apple-converted-space">&nbsp;</span>

Rules on the auditing of financial undertakings (532/2003)<span class="Apple-converted-space">&nbsp;</span>

Rules on the financial statements of credit institutions (834/2003)

Rules on the financial statements of management companies of UCITS (97/2004)<span class="Apple-converted-space">&nbsp;</span>

Rules on the financial statements of securities companies and securities brokerages (102/2004)<span class="Apple-converted-space">&nbsp;</span>

The Accounting Act, No. 145/1994<span class="Apple-converted-space">&nbsp;</span>

The Government Financial Reporting Act, No. 88/1997<span class="Apple-converted-space">&nbsp;</span>

The State Guarantee Act, No. 121/1998<span class="Apple-converted-space">&nbsp;</span>

Communications and Media Law

Act no. 77/2000 on The Protection of Privacy as regards the Processing of Personal Data; as amended

Act on Literature Fund (etc.) No. 91/2007<span class="Apple-converted-space">&nbsp;</span>

Act on Protection of Individuals with regard to the Processing of Personal Data No. 77/2000

Act on Third-Generation Mobile Telephony, No 8, 15. February 2005<span class="Apple-converted-space">&nbsp;</span>

Act on the Monitoring of Children’s Access to Films and Computer Games No. 62/2006<span class="Apple-converted-space">&nbsp;</span>

Act on the Post and Tele­com Administration, No. 69, 24 March 2003<span class="Apple-converted-space">&nbsp;</span>

Electronic Communications Act No. 81, 26 March 2003<span class="Apple-converted-space">&nbsp;</span>

Information Act

Libraries Act No. 36/1997<span class="Apple-converted-space">&nbsp;</span>

Postal Services Act No. 19, 18 March 2002<span class="Apple-converted-space">&nbsp;</span>

Regulation No. 734/2000 on the operations of electronic communications undertakings domicied in states outside the European Economic Area

Regulation no. 322/2001 on Management of Personal Information by the Police

Regulation on broadcasting activities No. 50/2002<span class="Apple-converted-space">&nbsp;</span>

Regulation on broadcasting activities No. 50/2002<span class="Apple-converted-space">&nbsp;</span>

Regulation on on protection, functionality, and quality of IP communications services, no 1223/2007<span class="Apple-converted-space">&nbsp;</span>

Regulation on the Icelandic Film Fund No. 229/2003<span class="Apple-converted-space">&nbsp;</span>

Regulation on the functionality of public communications networks, no 1222/2007<span class="Apple-converted-space">&nbsp;</span>

Regulation on the protection of information in public communications networks, no 1221/2007 (

Rules no. 299/2001 on security of personal data<span class="Apple-converted-space">&nbsp;</span>

The Broadcasting Act No. 53/2000<span class="Apple-converted-space">&nbsp;</span>

The inspection of films and prohibiting of films of violence Act No. 47/1995<span class="Apple-converted-space">&nbsp;</span>

Transport and Maritime Law

Act No 76/2001 on Crews Serving on Board Icelandic Passengers Ships and Cargo Ships

Act on Investigation of Marine Accidents<span class="Apple-converted-space">&nbsp;</span>

Act on Maritime Security, No. 50/2004, cf. amendments No. 18/2007<span class="Apple-converted-space">&nbsp;</span>

Act on the Icelandic Coast Guard No. 52, June 14th 2006<span class="Apple-converted-space">&nbsp;</span>

Act on the Investigation of Aircraft Accidents

IMA Icelandic Maritime Administration Act No. 6/1996

Ship Survey Act No. 47/2003

Environmental Law

Act on Protective Measures Against Avalanches and Landslides 1997

Act on radiation Protection 2002

Emissions of Greenhouse Gases Act no. 65/2007<span class="Apple-converted-space">&nbsp;</span>

Environmental Impact Assessment Act<span class="Apple-converted-space">&nbsp;</span>

Environmental Impact Assessment Act No. 106, 25 May 2000

The Fisheries Management Act No. 38, 15 May 1990

The Nature Conservation Act.<span class="Apple-converted-space">&nbsp;</span>

Intellectual Property Law

Act No 155/2002 Respecting Collective Marks.

Act No 72/2004 respecting Employees´ Inventions

Act amending the Copyright Act, No. 73/1972, with subsequent amendments. No. 9/2006<span class="Apple-converted-space">&nbsp;</span>

Act amending the Copyright Act, No. 73/1972, with subsequent amendments. No. 97/2006<span class="Apple-converted-space">&nbsp;</span>

Collective Marks Act no. 155/2002

Copyright Act

Design Act Regulation no. 706/2001

Design act no. 46/2001

Patent Act no. 17/1991

Patent Advertisment no. 575/1991

Patent Regulation no. 574/1991

Trade Marks Act no. 45/1997

Trade mark regulation no. 310/1997

Arbitration law

Rules for the Court of Arbitration

Energy law

Act No 13, 13. March 2001 on prospecting, exploration and production of hydrocarbons

Act amending the Electricity Act, No 65/2003.

Electricity Act, No 65/2003.

Law on the Establishment of Landsnet hf., No 75/2004

Rules, No. 553, 18 July 2001 governing the granting of licenses to prospect for hydrocarbons

Construction law

Multi-Owner Buildings Act.

Planning and Building Act 1999

E-Commerce

Act on Electronic Commerce and other Electronic Services, No 30/2002.<span class="Apple-converted-space">&nbsp;</span>

Act on electronic signatures, No 28/2001.<span class="Apple-converted-space">&nbsp;</span>

Law Sources

Aircraft Accident Investigation Board (AAIB)<span class="Apple-converted-space">&nbsp;</span>

Central Bank of Iceland

Data Protection Authority<span class="Apple-converted-space">&nbsp;</span>

Financial Supervisory Authority (FME)

Government

Icelandic Civil Aviation Administration<span class="Apple-converted-space">&nbsp;</span>

Icelandic Marine Accident Investigation Board

Icelandic Patent Office

Laws and Regulations under the auspices of the Ministries of Ecclesiastical Affairs

Laws and Regulations under the auspices of the Ministries of Industry and Commerce

Ministry for the Environment Legislation

Ministry of Business Affairs

Ministry of Education, Science and Culture Acts

Ministry of Finance legislation

Ministry of Health and Social Security Legislation

Ministry of Social Affairs Legislation

The Althing Ombudsman

The Consumer Agency

The Icelandic Maritime Administration Legislation

The Legislative; the Althingi<span class="Apple-converted-space">&nbsp;</span>

The Post and telecom Administration Legislation

The State Social Security Institute in Iceland<span class="Apple-converted-space">&nbsp;</span>