Samkeppniseftirlitið
Samkeppniseftirlitið, also known as the Icelandic Competition Authority, is a governmental agency responsible for enforcing competition law and promoting fair market practices in Iceland. Established to prevent monopolistic practices, anti-competitive agreements, and misuse of dominant market positions, the authority aims to foster a competitive environment that benefits consumers and supports economic growth.
The agency's responsibilities include investigating potential violations of competition regulations, reviewing mergers and acquisitions to prevent
Funding for the agency comes primarily from the Icelandic government, and it operates independently to ensure
The legal framework governing the Samkeppniseftirlitið is rooted in the Act on Competition, which outlines the
Overall, Samkeppniseftirlitið functions as a key player in ensuring competitive neutrality in Iceland's markets, contributing to