The Central Bank supervises the activities of the financial undertakings, insurance undertakings, pension funds and other undertakings in the financial market, cf. Article 2 of Act no. 87/1998 on the Official Supervision of Financial Activities. Other undertakings in the financial market include:
The Central Bank of Iceland supervises the activities of electronic money institutions and the implementation of the Payment Services Act.
The Central Bank ensures that the activities of the Depositors and Investors’ Guarantee Fund for financial undertakings complyIts objective is to guarantee a minimum level of protection to depositors and to customers of companies in the event of payment difficulties of a given financial undertaking
The Central Bank supervises to ensure that the activities of currency exchange services. A currency exchange service is to be understood as an activity where the purchase and sale of domestic and foreign currency is carried out for commercial purposes.
The Central Bank supervises to ensure that the activities of crypto-asset service providers.
The Central Bank of Iceland supervises debt collectors. A debt collector is to be understood as a legal or natural person that handles debt collection, including repossession.