Meginmál

Entities that have been approved and received operating licences for financial activities in other countries of the European Economic Area (EEA) are permitted to operate in Iceland with or without the establishment of a branch. However, they cannot commence their activities until the Central Bank of Iceland has received a notification to that effect from the competent authority in the entities' home state. This applies to financial undertakings (credit institutions and investment firms), electronic money institutions, payment institutions, insurance companies and brokers, UCITS management companies, alternative investment funds managers and registered creditors.

Foreign parties established in Iceland

Foreign partiesBranch/agent/distributor/private agentNameAddress Type of service

AS CreditInfo EESTI

Agent of pay­ment in­sti­tu­tion

Creditinfo Lánstraust hf.

Borgartúni 25, 105 Reykjavík

Account Information Services

Enfuce License Services Oy

Distributor of elec­tronic money in­sti­tu­tion

YAY ehf.

Lágmúla 5, 108 Reykjavík

Distribution / redemption of electronic money

Allianz Lebensversicherungs AG

Insurance agent Alexandra Muenchmeier is the branch representative and is authorised to bind the company towards third parties and to act on its behalf towards authorities in the member state, cf. item 3 of the second paragraph of Article 124 of Act no. 100/2016 on Insurance Activities.

Allianz Ísland hf.

Dalshrauni 3, 220 Hafnarfirði

Life insurance, Art. II and III.

Allianz Versicherungs AG

Insurance agent Alexandra Muenchmeier is the branch representative and is authorised to bind the company towards third parties and to act on its behalf towards authorities in the member state, cf. item 3 of the second paragraph of Article 124 of Act no. 100/2016 on Insurance Activities.

Allianz Ísland hf.

Dalshrauni 3, 220 Hafnarfjörður

Non-life insurance, sectors no. 13, 16

Western Union Payment Services Ireland Limited

Agent of payment institution

Íslandspóstur ohf.

Höfðabakka 9, 110 Reykjavík

Money remittance

American Express Payments Europe S.L.

Agent of payment institution

Teya Iceland hf.

Katrínartúni 4, 105 Reykjavík

Acquiring of payment transactions

American Express Payments Europe S.L.

Agent of payment institution

Rapyd Europe hf.

Dalshrauni 3, 220 Hafnarfjörður

Acquiring of payment transactions

PM-Premium Makler GmbH

Insurance broker branch Gestur Breiðfjörð Gestsson is the branch representative

PM-Premium Makler GmbH, branch in Iceland

Garðatorgi 7, 210 Garðabær

Insurance distribution

Nasdaq CSD SE

Central securities depository branch

Nasdaq CSD SE, branch in Iceland

Laugavegi 182, 105 Reykjavík

Operation of securities settlement system

Arena Wealth Management S.A.

Investment firm branch represented by Sigvaldi Stefánsson

Arena Wealth Management S.A., branch in Iceland

Hellusundi 6, 101 Reykjavík

Receiving and mediating instructions from customers for one or more financial instruments, execution of instructions on behalf of customers, asset management and investment advisory.

Arena Wealth Management S.A.

Tied Agent Bjarni Brynjólfsson represents Arngrimsson Advisors ehf.

Arngrimsson Advisors ehf.

Austurstræti 18, 101 Reykjavík

Reception and mediation of clients' instructions concerning one or more financial instruments and investment advisory.

Howden Finland Oy

Insurance broker branch. Bjarni Ólafsson is the branch representative.

Howden Finland Oy, branch in Iceland

Suðurlandsbraut 20, 108 Reykjavík

Insurance distribution

Foreign UCITS established within the EEA

Pursuant to Article 103 of Act No. 116/2021 (in Icelandic), UCITS that are established and accredited in another member state of the EEA may be marketed in Iceland.

Alternative investment funds established outside the EEA

Pursuant to Article 63 of Act No. 45/2020 (in Icelandic), operators that are established and accredited within the EEA are permitted to market to institutional investors in Iceland alternative investment funds that are established outside the EEA if they have obtained the approval of the Central Bank of Iceland.

Pursuant to Article 64 of the same Act, registered operators that are established in Iceland are permitted to market alternative investment funds that are established outside the EEA in Iceland if they have obtained the approval of the Central Bank of Iceland. Operators established outside of Iceland, including operators required to register within the EEA, are permitted to market alternative investment funds in Iceland to institutional investors with the approval of the Central Bank of Iceland.