meta_id 3271342

On June 10, 2026, Iceland's Central Bank (Seðlabanki Íslands) published Rules on Financial Institution Data Reporting (Regulation 719/2026), which entered into force immediately upon publication in the Official Gazette on June 25, 2026. The rules establish data reporting requirements for financial institutions subject to supervision under the Financial Undertakings Act (Act 161/2002). Financial institutions must provide information to the Financial Supervisory Authority in accordance with Part Seven of Regulation (EU) 575/2013 and Regulation (EU) 2024/3117, as amended. The rules transpose three European Commission implementing regulations into Icelandic law: Commission Implementing Regulation (EU) 2021/453 (technical standards for market risk reporting requirements); Commission Implementing Regulation (EU) 2024/3117 (technical standards for institution reporting to supervisory authorities); and Commission Implementing Regulation (EU) 2025/2475 (amendments regarding operational risk reporting). These regulations were incorporated into the European Economic Area (EEA) Agreement through EEA Joint Committee Decisions 301/2021, 134/2025, and 173/2026 respectively. The rules supersede Regulation 1556/2025 on financial institution data reporting. Transitional provisions apply certain reporting requirements from Commission Implementing Regulation (EU) 2021/451 until December 31, 2026. The Central Bank references the English versions of all applicable EU regulations, published in the Official Journal of the European Union, for authoritative text. Björk Sigurgísladóttir, Deputy Central Bank Governor for Financial Supervision, and Guðmundur Óli Blöndal, Director, signed the regulation. REFERENCES: Official Gazette of Iceland, Regulation 719/2026 (June 25, 2026): https://www.stjornartidindi.is/