Securities market and funds

The Central Bank of Iceland supervises, the activities of stock exchanges, regulated markets, multilateral trading facilities, central securities depositories, funds and fund management companies and disclosure obligations of issuers in accordance with Article 2 of Act no. 87/1998 on the Official Supervision of Financial Activities. The Central Bank also monitors market trading with the aim of ensuring normal price formation and that market participants operate in accordance with laws and regulations.

Supervision of entities in securities market

Prospectuses

A prospectus is a synonym for a document or documents that must be issued due to a public offering of securities or the admission of securities to trading on a regulated securities market.

Approved prospectuses

Derivatives trading and EMIR

One of the tools of financial management is derivatives, which refer to contracts in which payment provisions may be based on various factors such as currency exchange rates, interest rates and equity prices. The main purpose of derivatives is therefore to minimise risk in trading and increase the efficiency of financing.

Act (no. 15/2018 ) on Derivatives, Central Counterparties, and Trade Repositories entered into force in autumn 2018. This brought Regulation (EU) No. 648/2012 of the European Union of 4 July 2012 (Markets Infrastructure Regulation, or EMIR) into legal force in Iceland.

Securities market and funds