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No. 366/2026 26 March 2026

RULES

on cooperation between supervisory authorities on supervision of the activities of financial undertakings.

Article 1. Scope.

These rules apply to the cooperation of the Financial Supervisory Authority with other supervisory authorities on supervision of the activities of financial undertakings pursuant to the Act on Financial Undertakings, No. 161/2002.

Article 2. Cooperation on supervision and exchange of information.

The exchange of information between the Financial Supervisory Authority and other supervisory authorities due to cooperation on supervision pursuant to Article 109 v of the Act on Financial Undertakings, No. 161/2002, is governed by Regulations (EU) No. 524/2014 and 620/2014, cf. Article 3.

The activities of colleges of supervisors pursuant to Article 36 a and Article 109 j of the Act on Financial Undertakings, No. 161/2002, are governed by Regulations (EU) 2025/790 and 2025/791, cf. Article 3.

Article 3. Implementation of regulations.

With these rules, the following regulations enter into force in Iceland:

• Commission Delegated Regulation (EU) No. 524/2014 of 12 March 2014 supplementing Directive 2013/36/EU of the European Parliament and of the Council with regard to regulatory technical standards specifying the information which competent authorities of home and host Member States provide to each other, which was incorporated into the EEA Agreement by Decision of the EEA Joint Committee No. 83/2019 of 29 March 2019 published in the EEA Supplement to the Official Journal of the European Union No. 44 of 2 July 2020, p. 77. The Regulation is published in the EEA Supplement to the Official Journal of the European Union No. 69 of 29 October 2020, pp. 94-102.

• Commission Implementing Regulation (EU) No. 620/2014 of 4 June 2014 on regulatory technical standards with regard to the exchange of information between competent authorities of home and host Member States pursuant to Directive 2013/36/EU of the European Parliament and of the Council, which was incorporated into the EEA Agreement by Decision of the EEA Joint Committee No. 83/2019 of 29 March 2019 published in the EEA Supplement to the Official Journal of the European Union No. 44 of 2 July 2020, p. 77. The Regulation is published in the EEA Supplement to the Official Journal of the European Union No. 34 of 25 April 2024, pp. 257-281.

• Commission Implementing Regulation (EU) 2025/790 of 23 April 2025 on regulatory implementing technical standards with regard to the operational role of colleges of supervisors pursuant to Directive 2013/36/EU of the European Parliament and of the Council, which was incorporated into the EEA Agreement by Decision of the EEA Joint Committee No. 94/2026 of 20 March 2026.

• Commission Delegated Regulation (EU) 2025/791 of 23 April 2025 supplementing Directive 2013/36/EU of the European Parliament and of the Council with regard to regulatory technical standards specifying the general conditions for the functioning of colleges of supervisors and repealing Commission Delegated Regulation (EU) 2016/98, which was incorporated into the EEA Agreement by Decision of the EEA Joint Committee No. 94/2026 of 20 March 2026.

With reference to the authorization in the provision of transitional Article III of Act No. 161/2002 on Financial Undertakings, the Central Bank of Iceland refers to the publication of the English version of Regulations (EU) 2025/790 and 2025/791 in the Official Journal of the European Union:

• https://eur-lex.europa.eu/eli/reg_impl/2025/790/oj/eng, published in OJ series L, subsection R, 2025/790, on 8 August 2025;

• https://eur-lex.europa.eu/eli/reg_del/2025/791/oj/eng, published in OJ, series L, subsection R, 2025/791, on 8 August 2025.

Article 4. Entry into force.

These rules, which are issued with authorization in item 3 and item 12 of the first paragraph of Article 117 b of the Act on Financial Undertakings, No. 161/2002, enter into force immediately. With their entry into force, the rules on cooperation between supervisory authorities on supervision of the activities of financial undertakings, No. 794/2022, are repealed.

Central Bank of Iceland, 26 March 2026.
Björk Sigurgísladóttir
Deputy Governor for Financial Supervision.
Guðmundur Óli Blöndal
Director.

Section B — Publication date: 14 April 2026