In Amendment no. 75/2010 to Act No. 161/2002 on financial undertakings, the following paragraph was added to Article 19 on Good business practices and customs:
"A financial undertaking shall specify on its website the names and proportional holdings of all persons owning an interest of 5% or more in the undertaking."
Unnur Gunnarsdóttir, who has been acting Director General of the Financial Supervisory Authority since 1 March this year, has now been appointed Director General of the Authority. A law graduate of the University of Iceland, Unnur pursued graduate studies in both the UK and Canada. She previously served as the Financial Supervisory Authority's Chief Legal Counsel.
The Board of Directors of the Financial Supervisory Authority (FME) has today given notice to Gunnar Þ. Andersen, the Authority's Director General, of its decision to terminate his contract of employment. This step is taken after careful consideration and following the Board's detailed examination of documentation and arguments in the case.
In response to the judgment of the Supreme Court of 15 February 2012, in a case involving the recalculation of a currency-linked loan, the Financial Supervisory Authority would like to make the observation that financial stability is not under threat.