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.