Other services - Iceland

05.02.2021

Securities lending and borrowing

Icelandic debt securities eligible in CBL qualify for CBL’s securities lending and borrowing programme.

Disclosure requirements

Please refer to the Disclosure Requirements - Iceland.

Holding restrictions

Positions held in Icelandic debt securities by Clearstream Banking customers, may only be held by the following:

  • Non-resident beneficial owners; and
  • Clearstream Banking customers that are Icelandic intermediary banks complying with Article 3.2 of Act no. 94/1996; or
  • Icelandic resident beneficial owners, if held via a Clearstream Banking customer, that is, an Icelandic intermediary bank complying with Article 3.2 of Act no. 94/1996.

Positions that are held on behalf of Icelandic beneficial owners, may not be held via Clearstream Banking in any other cases.

For further information, please refer to the Investment regulation section of the Market Profile (Iceland).

Foreign exchange

Foreign exchange services for ISK are currently available.

Tax services

Please refer to the Market Taxation Guide - Iceland.