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No. 554/2026

11 May 2026

RULES

on joint decisions of supervisory authorities on the application of certain methods for calculating the own funds requirements of financial undertakings.

Article 1. Scope.

These Rules apply to joint decisions of supervisory authorities on granting a financial undertaking permission to apply certain methods for calculating own funds requirements under Regulation (EU) No. 575/2013 on prudential requirements for credit institutions and investment firms, cf. the Act on Financial Undertakings, No. 161/2002.

Article 2. Joint decision process.

The joint decision process of supervisory authorities regarding an application by a financial undertaking for permission to apply a certain method for calculating own funds requirements pursuant to Article 20 of Regulation (EU) No. 575/2013 shall be governed by Regulation (EU) 2016/100, as amended, cf. Article 3.

Article 3. Implementation of regulations.

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

• Commission Implementing Regulation (EU) 2016/100 of 16 October 2015 specifying the joint decision process with regard to the application for certain prudential permissions pursuant to Regulation (EU) No. 575/2013 of the European Parliament and of the Council, which was incorporated into the EEA Agreement by Decision of the EEA Joint Committee No. 80/2019 of 29 March 2019, published in the EEA Supplement to the Official Journal of the European Union No. 44 of 2 July 2020, p. 59. The Regulation is published in the EEA Supplement to the Official Journal of the European Union No. 69 of 29 October 2020, pp. 36-44.

• Commission Implementing Regulation (EU) 2025/2338 of 20 November 2025 amending Commission Implementing Regulation (EU) 2016/100 on technical implementing standards specifying the joint decision process with regard to the application for certain prudential permissions pursuant to Regulation (EU) No. 575/2013 of the European Parliament and of the Council, which was incorporated into the EEA Agreement by Decision of the EEA Joint Committee No. 141/2026 of 30 April 2026.

With reference to the authorisation in the provision of transitional Article III of the Act on Financial Undertakings, No. 161/2002, the Central Bank of Iceland refers to the publication of the English version of Commission Regulation (EU) 2025/2338 in the Official Journal of the European Union:

• https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=CELEX:32025R2338, published in OJ Series L, Subseries R, 2025/2338, on 21 November 2025.

Article 4. Entry into force.

These Rules, which are laid down with authorisation in point 3 of the second paragraph of Article 117 b of the Act on Financial Undertakings, No. 161/2002, shall enter into force immediately. Upon their entry into force, the Rules on joint decisions of supervisory authorities regarding certain methods for calculating the own funds requirements of financial undertakings, No. 793/2022, shall be repealed.

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

Part B — Publication date: 27 May 2026