Actions to strengthen competition in the travel industry -Settlement with the Icelandic Travel Industry Association regarding Art. 12, see also Art. 10, of the Competition Act

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• Case number: 24/2015
• Date: 18/9/2015
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• Summary

  The Icelandic Travel Industry Association (Samtök ferðaþjónustunnar), SAF, has settled a case with the ICA regarding infractions of Art. 12, see also Art. 10, of the Competition Act. The settlement includes admittance of the infractions by SAF and SAF agrees to pay 45 million Krónas in administrative fines. Alongside this, SAF also agrees to make further changes to its operations to the benefit of competition in the travel industry in Iceland.