Icelandic Competition Authority

Icelandic Competition Authority

The Icelandic Competition Authority (Samkeppniseftirlitið) was founded on 1 July 2005, when the Competition Act No. 44/2005 entered into force. By the same Act, the former Icelandic Competition Authority (Samkeppnisstofnun) and Competition Council (Samkeppnisráð) were discontinued. Prior to the entry into force of Act No. 44/2005, the competition authorities in Iceland were also responsible for the supervision of unfair business practices and market transparency. These tasks were assigned to the Consumer Agency pursuant to Act No. 57/2005 on the supervision of unfair trade practices and market transparency.

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