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No. 406/2026

10 April 2026

RULES

on definitions and criteria for European long-term investment funds.

Article 1. Scope.

These rules apply to European long-term investment funds and their managers that are established or marketed in this country pursuant to Act No. 115/2022 on European long-term investment funds. The rules provide for the further implementation of Regulation (EU) 2015/760 on European long-term investment funds, as amended by Regulation (EU) 2023/606.

Article 2. Implementation of the regulation.

With these rules, Commission Delegated Regulation (EU) 2024/2759 of 19 July 2024 supplementing Regulation (EU) 2015/760 of the European Parliament and of the Council with regard to regulatory technical standards specifying when derivatives are to be used solely for the purpose of hedging risks inherent in other investments of a European long-term investment fund, the requirements for the redemption policy and liquidity management tools of a European long-term investment fund, the circumstances for matching requests for the transfer of units or shares of a European long-term investment fund, certain criteria for the disposal of assets of a European long-term investment fund and certain elements for the disclosure of costs, which was incorporated into the EEA Agreement by Decision of the EEA Joint Committee No. 136/2025 of 13 June 2025, enters into force in this country. The regulation is published in the EEA Supplement to the Official Journal of the European Union No. 17 of 19 March 2026, pp. 570-587.

Article 3. Entry into force.

These rules, which are laid down under the authority of the first paragraph of Article 15 of Act No. 115/2022, enter into force immediately.

Central Bank of Iceland, 10 April 2026.
Björk Sigurgísladóttir
Deputy Governor of Financial Supervision.
Linda Kolbrún Björgvinsdóttir
Managing Director.

Section B — Publication date: 28 April 2026