eftirlitsprófanir
Eftirlitsprófanir are supervisory tests or inspections conducted by public authorities in Iceland to assess whether individuals, organizations or sectors comply with applicable laws, regulations and standards. They are part of the regulatory oversight mechanism used to safeguard public interest, ensure safety and reliability of services, and maintain integrity of markets and public administration.
Scope and sectors: They are employed across many areas, including financial services (banks, insurers, investment firms),
Process: Eftirlitsprófanir typically follow a risk-based planning process. Authorities may issue notifications or carry out unannounced
Outcomes: Based on the results, authorities may require corrective actions, impose sanctions, revoke licenses, or issue