Laws and Regulations
Here you will find links to laws and regulations relevant to foreign financial institutions transacting business in Iceland as well as links to the websites of market bodies.
On 28th November 2008, the Central Bank of Iceland issued a regulation on foreign exchange, following a legislation passed by the Alþingi. The regulation introduced rules that are quite restrictive for foreign investors making new investments in Icelandic securities or the exchange of ISK into other currencies almost impossible. The documents and links below provide thorough information on the subject.
On 1st November 2009 the rules were relaxed a little, allowing new investments and the repatriation of the proceeds from those new investments