Violation by the Samtök Fjármálafyrirtækja of Article 12 of the Competition Act and the provisions of Decision No. 17/2004

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• Case number: 7/2022
• Date: 28/3/2022
• Company:
  • Samtök fjármálafyrirtækja
• Sectors:
  • Financial services
• Policy Area:
  • Abuse of dominance
• Summary

  The Competition Authority's decision outlines a settlement that the Authority has reached with the Association of Financial Institutions (SFF). In the settlement, SFF acknowledges violations of competition law and instructions imposed on the association based on an earlier decision. SFF has agreed to pay a fine of ISK 20 million and to take measures to prevent the violation from recurring.