IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Jan 2017 | Removal date: open ended
Still in force

Controls on commercial transactions and investment instruments

Starting in 2017, the trade in securities will be largely liberalised. Foreign securities investments will no longer require domestic custody and the transfer of custody of securities will be eased.

According to a press release by the Central Bank of Iceland, "This will enable residents and non-residents to transfer deposits and securities to and from Iceland and to trade in securities abroad within the limits specified in the Act."

AFFECTED COUNTRIES

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