Part

Part B

Institution

Central Bank of Iceland

Subject area

European Economic Area, Financial activities

Date of signature

11 September 2026

Date of publication

25 September 2026

If there is a difference between the layout of the text below and in the PDF document, the PDF document shall prevail.

No. 1035/2026

11 September 2026

RULES

on crowdfunding service providers.

Article 1. Scope.

These Rules apply to the further implementation of Act No. 51/2026 on crowdfunding service providers for businesses, cf. Regulation (EU) 2020/1503 of the European Parliament and of the Council of 7 October 2020 on European crowdfunding service providers for business and amending Regulation (EU) 2017/1129 (hereinafter the Crowdfunding Regulation), with regard to:

Individual portfolio management of loans, cf. the seventh paragraph of Article 6 of the Crowdfunding Regulation.
Requirements, templates and procedures for handling complaints, cf. the fifth paragraph of Article 7 of the Crowdfunding Regulation.
Measures and requirements regarding conflicts of interest, cf. the seventh paragraph of Article 8 of the Crowdfunding Regulation.
Requirements and arrangements for the application for authorisation, including forms, templates and procedures, together with measures and procedures regarding the business continuity plan, cf. the sixteenth paragraph of Article 12 of the Crowdfunding Regulation.
Standards, templates and procedures regarding information in reporting, cf. the third paragraph of Article 16 of the Crowdfunding Regulation.
Information to clients, cf. the seventh paragraph of Article 19 of the Crowdfunding Regulation.
Methodology for calculating default rates, cf. the third paragraph of Article 20 of the Crowdfunding Regulation.
Assessment and information in connection with appropriate crowdfunding services for non-sophisticated investors and simulation of the ability to bear loss, cf. the eighth paragraph of Article 21 of the Crowdfunding Regulation.
Key investment information sheet, cf. the sixteenth paragraph of Article 23 of the Crowdfunding Regulation.
Forms, templates and procedures for notifications of laws and administrative provisions in connection with marketing communications, cf. the fifth paragraph of Article 28 of the Crowdfunding Regulation.
Specification of information in the exchange of information between competent authorities, cf. the eighth paragraph of Article 31 of the Crowdfunding Regulation.
Forms, templates and procedures for cooperation and exchange of information between competent authorities, cf. the ninth paragraph of Article 31 of the Crowdfunding Regulation.
Forms, templates and procedures for cooperation and exchange of information between competent authorities, European supervisory authorities and the EFTA Surveillance Authority, cf. the fourth paragraph of Article 32 of the Crowdfunding Regulation.

Article 2. Implementation of regulations.

With these Rules, the following Commission regulations (EU) shall enter into force in Iceland with the adaptations resulting from Decision of the Joint EEA Committee No. 70/2024 of 15 March 2024, published in the EEA Supplement to the Official Journal of the European Union No. 52 of 4 July 2024, pp. 48-51, cf. also Protocol 1 on horizontal adaptation to the Agreement on the European Economic Area, cf. the Act on the European Economic Area, No. 2/1993, in which the Protocol is incorporated into law:

Commission Delegated Regulation (EU) 2022/2111 of 13 July 2022 supplementing Regulation (EU) 2020/1503 of the European Parliament and of the Council with regard to regulatory technical standards specifying conflicts of interest requirements for crowdfunding service providers, published in the EEA Supplement to the Official Journal of the EU No. 69 of 19 September 2024, pp. 180-183.
Commission Delegated Regulation (EU) 2022/2112 of 13 July 2022 supplementing Regulation (EU) 2020/1503 of the European Parliament and of the Council with regard to regulatory technical standards on requirements and arrangements for the application for authorisation as a crowdfunding service provider, published in the EEA Supplement to the Official Journal of the EU No. 69 of 19 September 2024, pp. 184-200.
Commission Delegated Regulation (EU) 2022/2113 of 13 July 2022 supplementing Regulation (EU) 2020/1503 of the European Parliament and of the Council with regard to regulatory technical standards for the exchange of information between competent authorities in relation to the investigation, supervision and enforcement of European crowdfunding service providers for business, published in the EEA Supplement to the Official Journal of the EU No. 69 of 19 September 2024, pp. 201-204.
Commission Delegated Regulation (EU) 2022/2114 of 13 July 2022 supplementing Regulation (EU) 2020/1503 of the European Parliament and of the Council with regard to regulatory technical standards specifying the entry knowledge test and the simulation of the ability to bear loss for prospective non-sophisticated investors in crowdfunding projects, published in the EEA Supplement to the Official Journal of the EU No. 69 of 19 September 2024, pp. 205-211.
Commission Delegated Regulation (EU) 2022/2115 of 13 July 2022 supplementing Regulation (EU) 2020/1503 of the European Parliament and of the Council with regard to regulatory technical standards specifying the methodology for calculating default rates of loans offered on crowdfunding platforms, published in the EEA Supplement to the Official Journal of the EU No. 69 of 19 September 2024, pp. 212-216.
Commission Delegated Regulation (EU) 2022/2116 of 13 July 2022 supplementing Regulation (EU) 2020/1503 of the European Parliament and of the Council with regard to regulatory technical standards specifying the measures and procedures for crowdfunding service providers' business continuity plan, published in the EEA Supplement to the Official Journal of the EU No. 69 of 19 September 2024, pp. 217-220.
Commission Delegated Regulation (EU) 2022/2117 of 13 July 2022 supplementing Regulation (EU) 2020/1503 of the European Parliament and of the Council with regard to regulatory technical standards specifying the requirements, standard formats and procedures for complaint handling, published in the EEA Supplement to the Official Journal of the EU No. 69 of 19 September 2024, pp. 221-228.
Commission Delegated Regulation (EU) 2022/2118 of 13 July 2022 supplementing Regulation (EU) 2020/1503 of the European Parliament and of the Council with regard to regulatory technical standards on individual portfolio management of loans offered by crowdfunding service providers, specifying the elements of the methodology to assess credit risk, the information to be disclosed in relation to each individual portfolio, and the policies and procedures required in relation to contingency funds, published in the EEA Supplement to the Official Journal of the EU No. 69 of 19 September 2024, pp. 229-241.
Commission Delegated Regulation (EU) 2022/2119 of 13 July 2022 supplementing Regulation (EU) 2020/1503 of the European Parliament and of the Council with regard to regulatory technical standards for the key investment information sheet, published in the EEA Supplement to the Official Journal of the EU No. 69 of 19 September 2024, pp. 242-254.
Commission Implementing Regulation (EU) 2022/2120 of 13 July 2022 on implementing technical standards for the application of Regulation (EU) 2020/1503 of the European Parliament and of the Council with regard to data standards and formats, templates and procedures for reporting information on projects funded through a crowdfunding platform, published in the EEA Supplement to the Official Journal of the EU No. 69 of 19 September 2024, pp. 255-264.
Commission Implementing Regulation (EU) 2022/2121 of 13 July 2022 on implementing technical standards for the application of Regulation (EU) 2020/1503 of the European Parliament and of the Council with regard to standard forms, templates and procedures for cooperation and exchange of information between competent authorities and the European Insurance and Occupational Pensions Authority in relation to European crowdfunding service providers for business, published in the EEA Supplement to the Official Journal of the EU No. 69 of 19 September 2024, pp. 265-279.
Commission Implementing Regulation (EU) 2022/2122 of 13 July 2022 on implementing technical standards for the application of Regulation (EU) 2020/1503 of the European Parliament and of the Council with regard to standard forms, templates and procedures for cooperation and exchange of information between competent authorities in relation to European crowdfunding service providers for business, published in the EEA Supplement to the Official Journal of the EU No. 69 of 19 September 2024, pp. 280-298.
Commission Implementing Regulation (EU) 2022/2123 of 13 July 2022 on implementing technical standards for the application of Regulation (EU) 2020/1503 of the European Parliament and of the Council with regard to standard forms, templates and procedures for the notification by competent authorities to the European Securities and Markets Authority of national marketing requirements applicable to crowdfunding service providers, published in the EEA Supplement to the Official Journal of the EU No. 69 of 19 September 2024, pp. 299-304.

These rules also give effect in this country to Commission Delegated Regulation (EU) 2024/358 of 29 September 2023 supplementing Regulation (EU) 2020/1503 of the European Parliament and of the Council with regard to regulatory technical standards specifying requirements for the creditworthiness assessment of crowdfunding projects, the pricing of crowdfunding offers and risk management policies and procedures, published in the EEA Supplement to the Official Journal of the European Union No. 53 of 20 August 2026, pp. 16-29, with the adaptations resulting from the decision of the EEA Joint Committee No. 103/2024 of 26 April 2024, published in the EEA Supplement to the Official Journal of the European Union No. 60 of 8 August 2024, pp. 32-33, cf. also Protocol 1 on horizontal adaptations to the Agreement on the European Economic Area, cf. the Act on the European Economic Area, No. 2/1993, in which the Protocol is incorporated into law.

Article 3 Entry into force.

These rules, issued under the authority of the second paragraph of Article 11 of the Act on Crowdfunding Service Providers for Business, No. 51/2026, enter into force immediately.

Central Bank of Iceland, 11 September 2026.
Björk Sigurgísladóttir
Deputy Governor of Financial Supervision.
Linda Kolbrún Björgvinsdóttir
Managing Director.

Section B — Date of issue: 25 September 2026