Transposition of AIFMD in Iceland

Transposition of AIFMD in Iceland

On 11 May 2020 the Icelandic Parliament (Althingi) passed a bill implementing the Alternative Investment Funds Managers Directive (of the European Parliament and of the Council no. 2011/61/EU). Currently, the legislation has not been published in the Government Gazette. The Act will be in full effect from the date following the publishing date.

Although the legislation’s effect on off-shore alternative investment fund managers providing cross-border services in Iceland will be limited, it is an important step in aligning the Icelandic legislation concerning funds with the EU regulatory framework for AIFs.

For more information, please contact Gudbjorg Hjartardottir or Olafur Arinbjorn Sigurdsson

Guðbjörg Helga Hjartardóttir

Guðbjorg Hjartardottir

Ólafur Arinbjörn Sigurðsson

Olafur Arinbjorn Sigurdsson