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No. 771/2023

4 July 2023

RULES

on the provision of information for an application for an operating licence as a credit institution.

Article 1. Scope.

These Rules apply to the granting of an operating licence as a credit institution under the Act on Financial Undertakings, No. 161/2002.

Article 2. Information for an application for an operating licence as a credit institution.

A legal entity that applies for an operating licence as a credit institution pursuant to Chapter II of the Act on Financial Undertakings, No. 161/2002, shall provide information in accordance with Regulation (EU) 2022/2580 and in the form set out in Regulation (EU) 2022/2581, cf. Article 3.

Article 3. Implementation of regulations.

With reference to Article 2 of these Rules, the following regulations shall enter into force in this country:

• Commission Delegated Regulation (EU) 2022/2580 of 17 June 2022 supplementing Directive 2013/36/EU of the European Parliament and of the Council with regard to regulatory technical standards specifying the information to be provided in an application for authorisation as a credit institution and specifying the obstacles which may prevent the effective exercise of supervisory functions of competent authorities, which was incorporated into the EEA Agreement by Decision of the EEA Joint Committee No. 55/2023 of 17 March 2023.

• Commission Implementing Regulation (EU) 2022/2581 of 20 June 2022 laying down implementing technical standards for the application of Directive 2013/36/EU of the European Parliament and of the Council with regard to the provision of information in an application for authorisation as a credit institution, which was incorporated into the EEA Agreement by Decision of the EEA Joint Committee No. 55/2023 of 17 March 2023.

With reference to the authorisation in the provision of transitional Article III of Act No. 161/2002 on Financial Undertakings, cf. Act No. 57/2015, the Central Bank of Iceland refers to the publication of the English version of Commission Regulations (EU) 2022/2580 and 2022/2581 in the Official Journal of the European Union:

• https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=CELEX:32022R2580, published in OJ Series L, Subseries R, No. 335, on 29 December 2022, pp. 64-85;

• https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=CELEX:32022R2581, published in OJ Series L, Subseries R, No. 335, on 29 December 2022, pp. 86-102.

Article 4. Entry into force.

These Rules, which are issued under the authorisation in the first item of the first paragraph of Article 117 b of the Act on Financial Undertakings, No. 161/2002, shall enter into force immediately.

Central Bank of Iceland, 4 July 2023.

	Ásgeir Jónsson Governor of the Central Bank.	Rannveig Júníusdóttir Managing Director.

Section B - Publication: 18 July 2023