WPC ,^Kh f-FHfl vxy@69KjSAjtlV :QagKÐ4~  {|-RƋKȢ&'n ĸiB( O$lU62~"-(v6dGeG % SA\8 oטSEiZ7X['REK"q m)!_[UyV5E,ݮBPE?R#&َKN Bk)hwN'!/ gTafu=X@MnfkJ.BH)q "YF~?퐚k#0ǚ pFϨ ]q" MFU`aniF'΀“fhචMȅE_Swb(bVĘvFWLʴP+*aZf# ZȊ;yj<UNH % 0Y# ^^z m|w4^  D- 72ZrE 72001u2;3 094 A:4 1{4 72`5 0U5 05 06 07 0`8 09 09 0: 08; 0; 0< 0= 0:> 0> 0? 0A@ 0@ 0}A 0B 0B 0C 0bD 0E 0<E 1E 72F<F 1G7tH 72I 1I 72dJ 1J 72K 1OK 72KEL 0 L 0<L 0,L 0M 0&M 0N 0O 0:JP 0P 0"Q 0QQQQQQQQQQ 0YJR BR AMR 0( S S SN5S5S5S5S5S 17S7S 0vSS 0vJX D5\ 0v\ 0Kka 0aa 0+u8f8f 0wf A$g 0gg 0`h`h 1 u%i%i%i%i%i%i%i%i%i%i%i%i%i%i%i.3i.0j.-k.**m.'Tn 72{o.$o.!p.q 1s.s.0t.-u.*)w.'Sx.$zy.!z.{.|.}}}}}}}}}}}U:MJJJJ B-NNNNNN 0{{ 0DKKKKKKKKKKKKKKKKKKKKKKK....3..K.ׇ.c..{.....7.Ì.O.ۍ 1Ug 7 1eȎ 7- 1e; 7 1U 7  7  7 7) 7 7 1C 72ʐ 1 72 1 72< 1n 72 1' 72 1 72g 1 72 0R 0j DCM 1 72 1I 72З 1 72 1 72BBB 1t 1 1 1 0 00 0 0ҝ 0D 1 1 1 1 72! 1S 72ڢ 1 72 0ţţţţţţţ 0_ 0˥` 0&&(&d9 Z6Times New Roman RegularX(1$ IS , .\R6&A4\X_XXXTRW<6&A4W<6&A4 6&A4 6&A4T ? 9XX_-?vbX-#ggdd  80dd8ISUS.,     Adobe PDF0\\Mimir\forrit\WP2000\template\SKJRIT~1.WPT\\Mimir\forrit\WP2000\template\SkjritunY2k.wptKU/Gό|)rirs?gnCH"|xLevel 1Level 2Level 3Level 4Level 5)!dxdx_8DocumentManagement::ModifiedBooleanTRUE "h?nnunargreinum$t?lvunarfr%Winga"lUsingarh?nnuWa(iWnaWarrWuneytinuupptalningunastarfsheitinu"kerfisfr%WingurCtskriftt?lvut%kna&RafiWnaWarsk;lanst?lvukerfum&t?lvunarfr%Wiskor&t?lvunarfr%Wingar,t?lvunarfr%Wingarnir$skyldunmskeiWum$skyldueiningunum,st%rWfr%WinmskeiWum(st%rWfr%Wigreiningbestunarfr%Wi&t?lvunarfr%Winnar$t?lvunarfr%Winni&skyldueiningarnar2t?lvunarfr%WinmskeiWumt?lvusviWinu"grunnskilningur(t?lvunarfr%Wideildkj?rsviWa&notendahugbCnaWar$kerfishugbCnaWar&viWskiptafr%Wivalt%knigreinum"kerfisfr%Wingarkj?rsviWiforritun"st%rWfr%Wigrunn$umfj?llunarefniW(st%rWfr%WinmskeiW6t?lvunarfr%Wideildarinnart?lvuv%WingarSkUrr hugbCnaWargerW loftskeytamennkerfisfr%Wing"Ctskriftarnemar"CtskriftarnemumstarfsheitiW&t?lvunarfr%WingurhugbCnargerW kerfisfr%WinganetkerfumCtskrifaW&RafiWnaWarsk;linnumsagnaraWili"lgmarksmenntun$starfsheital?ginl?ggilt"rafverkfr%Wingarafverktaka$lUsingarh?nnuWureignar)ttindiCommitteeonBankingSupervisionregulatoryframework moreresilient andsystemsParliamentCouncil Juneprudentialrequirementsinstitutionsinvestmentfirmsamending Mayestablishingrecoveryresolution2innst%WutryggingarkerfiAprildepositguaranteeschemes CorePrinciplesEffectiveAuthority EBAF?reskrifter&ersttningssystem kreditinstitut&vrdepappersbolag ochfondbolag medtillst#nddiskretionr*portf?ljf?rvaltning0godtgjQrelsesordninger*finansinstitusjoner&verdipapirforetak*forvaltningsselskap verdipapirfondfinansielvirksomhedConservationBuffer"CountercyclicalSystemic RiskSystemicallyImportantOthertools&fjrmlamarkaWnumBridgesEquity TierStructuralseniormanagementLargeExposuresDirectivesRegulations ESMAcomplaintshandling"fjrh%Warm?rkinExceedStrategyappetiteRemunerationpoliciesPricesAssetsLiabilitiesportfoliosproblemsectorCounterpartyrevolving securitisationtransactionsshortageliquidity ownfundsrequirementprofileencumberedlegallyrecordedtoleranceSpecialPurposeEntities SSPEdelegated actcoverageratioexcessiveleverage SREPMaximumDistributableAmount MDAdominantinfluenceInternalAdequacyAssessmentProcessICAAPaccesstoactivityrepealingKraghStaff MemoOptimaladequactratiosNorwegian Oslo.starfskj?r starfskj?rLevel 1Level 2Level 3Level 4Level 5Level 1Level 2Level 3Level 4Level 5Level 1Level 2Level 3Level 4Level 5Level 1Level 2Level 3Level 4Level 5, *HNK2   cf&OLE 2.0 Box <=8C HKKKK83CIOU[agmLettersA.A.A.A.A.A.A.A.A.*+ (_2623  ..*J+J (_25   2(L L T\ d #223  ..2(L L T\ d #2   *;+; (_24  /% T\ d #/23  ../% T\ d #/  *8+8 (_23 ` ," T\ d #,23  ..," T\ d #, ` *5+5 (_22  )T T\ d #)23  ..)T T\ d #)  *2+2 (_21  &\ d #&23  ..&\ d #&  */+/ (_20 h #\ d ##23  ..#\ d ## h *,+, (_19   \\ d # 23  .. \\ d #  *)+) (_18   d #23  .. d #  *DD (_17  8.L T\ d #823  Ԁ8.L T\ d #8  *JJ (_16   2(L L T\ d #223  Ԁ2(L L T\ d #2   *;; (_15  /% T\ d #/23  Ԁ/% T\ d #/  *88 (_14 ` ," T\ d #,23  Ԁ," T\ d #, ` *55 (_13  )T T\ d #)23  Ԁ)T T\ d #)  *22 (_12  &\ d #&23  Ԁ&\ d #&  *// (_11 h #\ d ##23  Ԁ#\ d ## h *,, (_10   \\ d # 23  Ԁ \\ d #  ()) &_9   d #23  Ԁ d #  (DD &_8  8.L T\ d #823  8.L T\ d #8  (JJ &_7   2(L L T\ d #223  2(L L T\ d #2   (;; &_6  /% T\ d #/23  /% T\ d #/  (88 &_5 ` ," T\ d #,23  ," T\ d #, ` (55 &_4  )T T\ d #)23  )T T\ d #)  <:Default Para(5hCEKQW]cioAutoList1a.a.a.a.a.a.a.a.3a. 2 aض'ISUS.,,,..X^XXX? XX^-?vbX-#ggdd  ISIS,.   _ (EhCEKQW]cioAutoList2a.a.a.a.a.a.a.a. - eض)ISUS.,,,..X^XXX? XX^-?vbX-#ggdd  ISIS,.   _Ԁ6a.0UhCEKQW]cioAutoList31.1.1.1.1.1.1.1.91.(ehCEKQW]cioAutoList41.1.1.1.1.1.1.1.;1.(uhCEKQW]cioAutoList51.1.1.1.1.1.1.1.=1.(22 &_3  &\ d #&23  &\ d #&  <:footnote ref,*MIVJ2000Level 1   IS XXX US   2zz0Level 3   7 2( 4 <DL2 IS XXX  2( 4 <DL2 US    0GG.header   `  IS XXX US    ` 0GG.footer   `  IS XXX US    ` :8page number(// &_2 h #\ d ##23  #\ d ## h (,, &_1   \\ d # 23   \\ d #  &)) $_   d #23   d #  64Hyperlink     d cfA<< c($ikmo0JTEu{}1. a. 1.StafliWir undir t?luliW1.a.1.(N3ض$ !ISUS.,,,..TRW6&A4X3' Letter 6&A4\X_X3'LetterTX^XXXTRW6&A4W6&A4 6&A4 6&A4\X_XT ? XX^-?vbX-#ggdd  8dd8ISIS,.      (N3ض$ !ISUS.,,,..TRW6&A4X3' Letter 6&A4\X_X3'LetterTX^XXXTRW6&A4W6&A4 6&A4 6&A4\X_XT ? XX^-?vbX-#ggdd  8dd8ISIS,.      UUUU)!dxdx(N3ض$ !ISUS.,,,..TRW6&A4X3' Letter 6&A4\X_X3'LetterTX^XXXTRW6&A4W6&A4 6&A4 6&A4\X_XT ? XX^-?vbX-#ggdd  8dd8ISIS,.      ( $ Figure  1  (Z3# $ !ISUS.,,,..TRW6&A4X3' Letter 6&A4\X_X3'LetterTX^XXXTRW6&A4W6&A4 6&A4 6&A4\X_XT ? XX^-?vbX-#ggdd  8dd8ISIS,.       d (M(m$2JT  0  .3  0  (O<$0  2b   a  .3  0` (#(# cf I&mage!<=8C HKKKK(u$0  0` (#(#` `  2  a  .3  0` (#` (#(`$0  0` (#(#0 ` (#` (#0 (# (#"h2  0  .3  0(#(#2b 37=CIQW_e1.a.i.(1)a.(i)1)a)<f+f :Outline014_1   2( 4 <DL223  ..  2( 4 <DL2  <c+f :Outline014_2  q /%M M <DL/23  ..  2( 4 <DL2  <`+f :Outline014_3 j  ," <DL,23  ..  2( 4 <DL2 j <]+f :Outline014_4  ! ) <DL)23  ..  2( 4 <DL2  <Z+f :Outline014_5  y &UUDL&23  ..  2( 4 <DL2  qi)<W+f :Outline014_6 j  #DL#23  ..  2( 4 <DL2 j <T+f :Outline014_7  )  DL 23  ..  2( 4 <DL2  <Q+f :Outline014_8   ]]L23  ..  2( 4 <DL2  0gEu{}a. 1. a.T?luliWur undir stafliWa.1.a.1)a)<N+f :Outline014_9 j  L23  ..  2( 4 <DL2 j <c+f :Outline015_1   /%  <DL/23  ..  2( 4 <DL2  <`+f :Outline015_2  _ ,"; ; <DL,23  ..  2( 4 <DL2  <]+f :Outline015_3 j  ) <DL)23  ..  2( 4 <DL2 j <Z+f :Outline015_4   &DL&23  ..  2( 4 <DL2  <W+f :Outline015_5  g #CCDL#23  ..  2( 4 <DL2  <T+f :Outline015_6 j   DL 23  ..  2( 4 <DL2 j <Q+f :Outline015_7   L23  ..  2( 4 <DL2  <N+f :Outline015_8  o KKL23  ..  2( 4 <DL2  <K+f :Outline015_9 j   L23  ..  2( 4 <DL2 j 4cp Z "Times Regular)Hairline d(`H2^$ !ISUS.,,,..TRW6&A4X3' Letter 6&A43'LetterTX^XXXTRW6&A4W6&A4 6&A4 6&A4T ? XX^-?vbX-#ggdd  8dd8ISIS,.          0  Ԁ(#$  0  < :Outline037_123  < :Outline037_223  < :Outline037_323  < :Outline037_423  < :Outline037_523  < :Outline037_623  < :Outline037_723  < :Outline037_823  < :Outline037_923  < :Outline038_123  < :Outline038_223  < :Outline038_323  < :Outline038_423  < :Outline038_523  < :Outline038_623  < :Outline038_723  < :Outline038_823  < :Outline038_923   359=AEIMQ1.P....... 35;AGMSY_2a.a.i.1.a.i.1.a.i. 35;AGMSY_31.a.i.1.a.i.1.a.i. 359=AEIMQ4..........i.i..(hCEKQW]cioAutoList6a.a.a.a.a.a.a.a.a.(hCEKQW]cioAutoList71.1.1.1.1.1.1.1.1.(hCEKQW]cioAutoList81.1.1.1.1.1.1.1.1.( CEKQW]cioAutoList9A.A.A.A.A.A.A.A.A.(գEGMSY_ekqAutoList101.1.1.1.1.1.1.1.1.(:EGMSY_ekqAutoList11A.A.A.A.A.A.A.A.A.(JEGMSY_ekqAutoList12A.A.A.A.A.A.A.A.A.6/ 4Heading 1&&&    &&&20Caption &&& U=Thin Bottomdxd(EGMSY_ekqAutoList131.1.1.1.1.1.1.1.1.(EGMSY_ekqAutoList14a.a.a.a.a.a.a.a.a.(%EGMSY_ekqAutoList15a.a.a.a.a.a.a.a.a.(5EGMSY_ekqAutoList16a.a.a.a.a.a.a.a.a.(EEGMSY_ekqAutoList17a.a.a.a.a.a.a.a.(UEGMSY_ekqAutoList18a.a.a.a.a.a.a.a.(eEGMSY_ekqAutoList19a.a.a.a.a.a.a.a.(EGMSY_ekqAutoList20a.a.a.a.a.a.a.a.(xr$0  0` (#(#0 ` (#` (#2b (  0  )3  0 (# (#( F$0  0` (#(#0 ` (#` (#0 (# (#0h(#(#2b (   )3  0h(#h(#($0  0` (#(#0 ` (#` (#0 (# (#0h(#(#0h(#h(#2b   0  )3  0(#(#({$0  0` (#(#0 ` (#` (#0 (# (#0h(#(#0h(#h(#0(#(#2b   a  )3  0p(#(#(;F$0  0` (#(#0 ` (#` (#0 (# (#0h(#(#0h(#h(#0(#(#0p(#(#2b      )3  0p(#p(# ikmoh}EGKOSW[_cAutoList22!!!!!!!!)1)a)(EEGMSY_ekqAutoList23a.a.a.a.a.a.a.a.(UEGMSY_ekqAutoList24a.a.a.a.a.a.a.a.(eEGMSY_ekqAutoList25a.a.a.a.a.a.a.a. a.(uEGMSY_ekqAutoList26a.a.a.a.a.a.a.a.a.(EGMSY_ekqAutoList27a.a.a.a.a.a.a.a.a.622 4Body Text US XXX   IS   8_ z,kaflikafli  6III  .6ۀKAFLI     kaflanumerLevel 1Level 2Level 3Level 4Level 5F 7 #,greingreinarnCmer  83  .8ۀgr.  greinLevel 1Level 2Level 3Level 4Level 5X[ |0greinmfgrein meW fyrirs?gn  84  .8ۀgr.     !ISUS.,,,..TRW6&A4X3' Letter 6&A43'LetterTX^XXXTRW6&A4W6&A4 6&A4 6&A4T ? XX^-?vbX-#ggdd  8dd8ISIS,.      _ _ikmo(JT02q57 _Xingskjal_Ԁ990"571.ml.     )Frumvarptillaga T, #)#X^Xumbreytingulgumum_fjrmlafyrirtki_,nr.161/2002,  f meWsWaribreytingum(starfsleyfi,_httustUring_, x P st;rar_httuskuldbindingar_,starfskjr, b : _eignarhlutir_,_eiginfjraukar_Ԁ_o.fl_.).#XX^#X^X L $  #XX^# g(LagtfyrirAlYingi144.lggjafarYingi2014!2015.)    9 o   ?U?' b dE" ? 9    @==!1.gr. r    EftirfarandibreytingarverWa1.gr.alaganna: e=  (g00_ikmo"i(m"  i(mo 2g  a  .3  Ԉ0    0staWorWanna?eWannurhlutdeildsem 3._tlul_.kemur:og.i(mo ݌0 Ќ  "i(m"  i(m 2g  b  .3  Ԉ0    4._tlul_.fellurbrott.i(m ݌ Ќ  "i(m"  i(m 2g  c  .3  Ԉ0    OrWin?aWilarstaWfestrisamvist og?staWfestrisamvisteWa aliW5._tlul_.fallabrott.i(m ݌ Ќ  "i(m"  i(mG2g  d  .3  Ԉ0    OrWiW?_rafeyrisfyrirtki_ 10._tlul_.fellurbrott.i(mGt݌i Ќ  "i(m"  i(m2g  e  .3  Ԉ0    ViWbtastYrettnnUirtluliWir,svohlj;Wandi:i(m݌\4 Ќ   q(b 20! !"i(m "  0  0i(mc 2b   14  .3  Ԉ0v  Fyrirtkitengt_fjrmlasviWi_:MeWfyrirtkitengdu_fjrmlasviWi_ԀerttviWfyrirtki ' semekkier_lnastofnun_ԀogstarfareinkumaWflun_eignarhluta_ԀeWastundareinhverja  Ystarfsemisemumgetur2.!12._tlul_.1.mgr.20.gr.i(mc݌vv Ќ  "i(m"  0  0i(m3 2b   15  .3  Ԉ0v  _M;Wurflag_:Fyrirtkitelstvera_m;Wurflag_ԀYegarYaW:i(m3݌`vv Ќ         v a.0 b rWuryfirmeirihlutaatkvWaWrufyrirtki,S+bb        v b.0 b _eignarhluti_ԀWrufyrirtkioghefurrtttilaWtilnefnaeWavkjafrmeirihluta  stj;rnarmannaeWastj;rnenda,bb        v c.0 b _eignarhluti_ԀWrufyrirtkioghefurrtttilaWhafarWandihrifstarfsemiYess  grundvellisamYykktafyrirtkisinseWasamningsviWYaW,Wbb        v d.0 b _eignarhluti_ԀWrufyrirtkiogrWur,grundvellisamningsviWaWrahluthafa J"  eWaeignaraWila,meirihlutaatkvWafyrirtkinu,eWa!bb        v e.0 b _eignarhluti_ԀWrufyrirtkioghefurrWandistWuYv."bb       0 v  b ViWmat_atkvWisrtti_ԀogrttindumtilaWtilnefnaeWavkjafrstj;rnarmnnum  # eWastj;rnendumskalleggjasamanrttindisem_m;Wurflag_Ԁog_d;tturflag_ԀrWayfir.v!N$vv       0 v  b ViWmat_atkvWisrtti_Ԁ_d;tturflagi_ԀskalekkitalinnmeW_atkvWisrttur_Ԁsem A"% fylgireiginhlutum_d;tturflagsins_ԀeWa_d;tturflgum_ԀYess. #&vv "i(m"  0  0i(m 2b   16  .3  Ԉ0v  _D;tturflag_:FyrirtkisemhafaYautengslviW_fjrmlafyrirtki_ԀeWa_eignarhaldsflag_ #' _fjrmlasviWi_ԀsemlUster15._tlul_.teljastvera_d;tturflg_.Fyrirtkisemer $z ( _d;tturflag_Ԁ_d;tturflags_Ԁtelsteinnigvera_d;tturflag_Ԁ_m;Wurflags_.i(mD݌m%E!)vv Ќ  "i(m"  0  0i(m|! 2b   17  .3  Ԉ0v  SamstWa:_M;Wurflag_Ԁog_d;tturflg_ԀYessmyndasamstWu.i(m|!!݌8&"*vv Ќ  "i(m"  0  0i(m# 2b   18  .3  Ԉ0v  _Eignarhaldsflag_Ԁ_fjrmlasviWi_:MeW_eignarhaldsflagi_Ԁ_fjrmlasviWi_ԀerttviW '"+  fyrirtkitengt_fjrmlasviWi_,semekkierblandaW_eignarhaldsflag_Ԁfjrmlastarf '#, semi,& a  Yarsem_d;tturflgin_ԀeruannaWhvorteingngueWaaWallega_fjrmlafyrirtki_ ( eWafyrirtkitengd_fjrmlasviWi_Ԁog_a.m.k._Ԁeitt_d;tturflagiW_Ԁer_fjrmlafyrirtki_.i(m#^#݌vv Ќ  'a(%"i(m"  0  0i(m' 2b   19  .3  Ԉ0v  BlandaW_eignarhaldsflag_:MeW_blnduWu_Ԁ_eignarhaldsflagi_ԀerttviW_m;Wurflag_  semekkier_eignarhaldsflag_Ԁ_fjrmlasviWi_,_fjrmlafyrirtki_ԀeWablandaW_eignar a haldsflag_ԀfjrmlastarfsemiYarsem_a.m.k._Ԁeitt_d;tturflag_Ԁer_fjrmlafyrirtki_.i(m''݌T,vv Ќ  "i(m"  0  0i(m;+ 2b   20  .3  Ԉ0v  BlandaW_eignarhaldsflag_Ԁfjrmlastarfsemi:MeW_blnduWu_Ԁ_eignarhaldsflagi_Ԁ  fjrmlastarfsemierttviW_m;Wurflag_Ԁsemekkier_eftirlitsskylt_ԀenYaWsamt_d;ttur  flgum_Ԁsnum,Yarsem_a.m.k._ԀeittYeirraer_eftirlitsskylt_ԀogermeWhfuWstWvar   _aWildarrki_,ogWrumaWilummyndar_fjrmlasamsteypu_.i(m;++݌ Xvv Ќ  "i(m"  0  0i(m'/ 2b   21  .3  Ԉ0v  _Fjrmlagerningur_:MeW_fjrmlagerningi_ԀsamkvmtlgumYessumerttviW K #  _fjrmlagerning_Ԁeinsoghannerskilgreindur2._tlul_.1.mgr.2.gr.lagaumverW    brfaviWskipti,nr.108/2007.i(m'/t/݌  vv Ќ  "i(m"  0  0i(m1 2b   22  .3  Ԉ0v  _Fjrmlasamsteypa_:MeW_fjrmlasamsteypu_ԀsamkvmtlgumYessumerttviW   samstWuflaga,eWaflgsemhafameWsrnintengsl,sbr.1._tlul_.Yessarar wO  greinar,Yarsem_eftirlitsskyldur_ԀaWiliferfyrirsamstWunniog_a.m.k._ԀeinnaWiliinnan B  _samstWunnar_Ԁstarfar_fjrmlasviWi_ԀogannaraWilistarfar_vtryggingasviWi_ԀogYar    semumsvif_samstWugrundvelli_Ԁog/eWasamanlgWumsvif_fjrmlasviWi_Ԁannars   vegaroghinsvegarsamsvarandiumsvif_vtryggingasviWi_Ԁeruhvorumsigtalin {  mikilvgsamkvmtreglumsem_FjrmlaeftirlitiW_Ԁseturskv.3.mgr.109.gr.Fari nF enginn_eftirlitsskyldur_ԀaWilifyrirsamstWunni,enstarfsemi_samstWunnar_ԀferaWal 9 legaframfjrmla-eWa_vtryggingasviWi_Ԁsamkvmtskilgreiningureglumsem  _FjrmlaeftirlitiW_Ԁseturskv.3.mgr.109.gr.,telstsamstWanvera_fjrmlasamsteypa_.  Srhverja_undirsamstWu_ԀsemuppfyllirskilyrWi1._mlsl_.YessatluliWarskallta r sem_fjrmlasamsteypu_.i(m11݌e=vv Ќ  "i(m"  0  0i(m: 2b   23  .3  Ԉ0v  _Hlutdeildarflag_:MeW_hlutdeildarflagi_ԀsamkvmtlgumYessumerttviWflag, 0 Y;ekki_d;tturflag_,semannaWflagog_d;tturflg_ԀYesseiga_eignarhluti_Ԁoghafa  veruleghrifeWabeinnog;beinneignarhluturnemur20%eWameiraafeiginfeWa  _atkvWisrtti_.i(m:c:݌ivv Ќ  "i(m"  0  0i(mN= 2b   24  .3  Ԉ0v  Breytilegstarfskjr:Starfskjrstarfsmanns_fjrmlafyrirtkis_ԀsemaWjafnaWieru \4 skilgreindmeWtillititilrangursogeruekkiYtturfstumstarfskjrumstarfsmanns ' YarsemendanlegfjrhWeWaumfangYeirraliggurekkifyrirmeWnkvmumhtti  fyrirfram.i(mN==݌vv Ќ  "i(m"  0  0i(m? 2b   25  .3  Ԉ0v  Yfirstj;rn:Framkvmdastj;ri,_aWstoWarframkvmdastj;ri_ԀogaWrirstj;rnendur_fjr `  mlafyrirtkis_Ԁsemheyrabeintundirframkvmdastj;raeWa,eftiratvikum,stj;rn.i(m?&@݌S+!vv Ќ  "i(m"  0  0i(mA 2b   26  .3  Ԉ0v  St;r_httuskuldbinding_:MeWst;rri_httuskuldbindingu_ԀerttviW_httuskuldbind " ingu_,_Y.e._Ԁlnveitingar,_verWbrfaeign_,_eignarhluti_Ԁogveittar_byrgWir_Ԁ_fjrmlafyrir # tkis_,svoogaWrarskuldbindingargagnvart_fjrmlafyrirtkinu_,semnemur10%eWa  $ meiraaf_eiginfjrgrunni_.i(mAGB݌!W%vv Ќ  @==!2.gr. #'   0staW_tilvsunarinnar_Ԁ?42.og52.gr. 3.mgr.2.gr.lagannakemur:42.og52.gr.og52. #( gr.a. $ ) @==!3.gr. A&"+   ViW6._tlul_.5.gr.lagannabtist:og_hlutfallslegt_ԀeignarhaldhversYeirra.  '",  '#- _@==!4.gr. (   ViW2.mgr.7.gr.lagannabtistnUrmlsliWur,svohlj;Wandi:ViWmatums;knumveit  ingustarfsleyfiser;heimiltaWbyggjamatums;kninni,eWasynjun,sj;narmiWumum  YarfirfjrmlamarkaWihrlandi. a @==!5.gr.    EftirfarandibreytingarverWa1.mgr.9.gr.laganna:  ! ! (g02q"i(m"  i(mWJ2g  a  .3  Ԉ0    2.tlul.orWastsvo:fullngifyrirtkiWekkikvWumlagaYessaraumstofnf,hlutaf,   eigiWf,st;rarhttuskuldbindingareWalaustf.i(mWJJ݌ X Ќ  "i(m"  i(mK2g  b  .3  Ԉ0    0staWtilvsunarinnar?42.og52.gr. 4.tlul.kemur:42.og52.gr.og52.gr.a.i(mKL݌K #  Ќ  "i(m"  i(m'M2g  c  .3  Ԉ0    ViWbtastYrrnUirtluliWir,svohlj;Wandi:i(m'MTM݌   Ќ   q(b 20! !"i(m"      i(mNxx 2b   8  .3  Ԉ0 v   uppfyllifjrmlafyrirtkiekkilengurYaulgbundnuskilyrWisemYaWYurftiaW    uppfyllatilYessaWhlj;tastarfsleyfi,i(mN)O݌ vv Ќ  "i(m"      i(mPxx 2b   9  .3  Ԉ0 v   leikiverulegurvafiYvaWfjrmlafyrirtkiWgetistaWiWviWskuldbindingarsnar wO  gagnvartlnardrottnumog/eWainnlnseigendum,i(mPP݌B vv Ќ  "i(m "      i(m R 2b   10  .3  Ԉ0 v   brj;tifjrmlafyrirtkigegnskyldutilYessaWviWhaldaeiginfjraukavegnakerfis    httuskv.84.gr.bogtakmarkanirgrundvelli6.mgr.84.gr.ahafaekkinWtil   tluWumrangri.i(m ReR݌{ vv Ќ  @==!6.gr. 9   eftir2.mgr.17.gr.lagannakomafimmnUjarmlsgreinar,svohlj;Wandi:    Innriferlarfjrmlafyrirtkisskv.1.mgr.skulu,eftirYvsemviW,takatilhttuYtta  skv.78.gr.a!78.gr.i.FjrmlafyrirtkiskalhafaverkferlasemtryggjaupplUsingaskipti r millihttustUringarogstj;rnarvegnaallrahelstuhttuYttastarfsemiflagsinsog e= breytingaYeim. 0   httustUringfjrmlafyrirtkisskalfaraframeiningusemer;hWWrumstarfsein  ingumYess.FjrmlafyrirtkiskaltryggjaaWhttustUringhafingilegtvald,fjrveitingar  ogheimildir,m.a.tilYessaWaflagagnaogupplUsingasemnauWsynlegarerustarfsemi i httustUringar. \4   httustUringskalsjtilYessaWgreining,mlingogskUrslugjfumhttustarfsemi ' fjrmlafyrirtkisfariframogsfullngjandi,Y.m.t.skUrslurtilstj;rnendaogeftirlitsaWila.  httustUringskaltakavirkanYttm;tunhttustefnufjrmlafyrirtkisoghafaaWkomu  aWviWameirikvrWunumumhttustUringu.httustUringskalhafaheildstWayfirsUnyfir `  helstuhttuYttistarfsemifjrmlafyrirtkis. S+!   Framkvmdastj;rirWuryfirmannhttustUringar.YfirmaWurhttustUringarskalba " viWsjlfstWisemstj;rnandioghafaumsj;nmeWogberabyrgWYeirrieininguYarsem # httustUringfjrmlafyrirtkisferfram.TryggtskalaWyfirmaWurhttustUringarhafi  $ milliliWalausanaWgangaWstj;rn.YfirmaWurhttustUringarskalleggjafyrirhttunefnd !W% stj;rnar,eWastj;rnfyrirtkisinsshttunefndekkitilstaWar,skUrsluumframkvmd J""& httustUringarsvooftsemYurfaYykir,Y;eigisjaldnarenrlega.LtiyfirmaWurhttu #' stUringarafstrfumskalYaWtilkynntFjrmlaeftirlitinu.YfirmannihttustUringarverWur #( hvorkisagtuppstrfumnhannfrWurtilstarfinemaaWfengnusamYykkistj;rnar.? $ )   EfstarfsemifjrmlafyrirtkisrttltirekkisrstaktstWugildiyfirmannshttustUringar v%N!* geturFjrmlaeftirlitiWheimilaWaWannarstarfsmaWurhafiumsj;nmeWhttustUringufjr A&"+ mlafyrirtkisins,endasgttaWhagsmunarekstrum.ViWslktmatskalFjrmlaeftirlitiW  '", hafahliWsj;nafeWliogumfangistarfsemifyrirtkisinsogYvhversumargYtthn_er. '#- _Fjrmlaeftirlitinu_Ԁerheimilt,reglumsettumskv.8.mgr.,aWkveWaumhvenrstarfsemi ( _fjrmlafyrirtkis_ԀrttltiraWekkistilstaWarsrstaktstWugildiyfirmanns_httustUringar_.  @==!7.gr. a   EftirfarandibreytingarverWa19.gr.laganna: T, ! ! (g02 q"i(m"  i(mb2g  a  .3  Ԉ0    ViW2.mgr.btistnUr_mlsliWur_,svohlj;Wandi:0reglunumskalm.a.kveWiWumal  mennsamskipti_fjrmlafyrirtkja_ԀviWviWskiptavinisna,_upplUsingagjf_ԀtilviWskipta  vinaogmeWhndlun_kvartana_.i(mbc݌  Ќ  "i(m"  i(m\e2g  b  .3  Ԉ0    3.mgr.fellurbrott.i(m\ee݌ X Ќ  @==!8.gr.      ViW1.mgr.20.gr.lagannabtistnUrtluliWur,svohlj;Wandi:Btgfu_rafeyris_.    @==!9.gr. wO    2._mlsl_.1.mgr.28.gr.lagannafellurbrott. B  @!10.gr.     2.og3.mgr.29.gr.alagannaorWastsvo: {    _Fjrmlafyrirtki_Ԁer;heimiltaWveita_stj;rnarmanni_,framkvmdastj;ra,_lykilstarfsmanni_ nF eWaYeimsemvirkaneignarhlutYv,ogaWilannumtengslumviWhann,lneWaaWra 9 fyrirgreiWslunemagegntraustum_tryggingum_.MeWfyrirgreiWsluerttviW_lnveitingu_,_verW  brfaeign_,_eignarhluti_,veittar_byrgWir_Ԁ_fjrmlafyrirtkis_,_afleiWusamninga_ԀogaWrarskuld  bindingargagnvart_fjrmlafyrirtki_ԀeWa_lnveitingu_ԀtilYriWjaaWilameWtryggingu_fjr r mlagerningum_ԀtgefnumafeinumeWafleiriaWilumsemeigavirkaneignarhlutYveWa e= aWilannumtengslumviWY.SamtalalnsogannarrarfyrirgreiWslusemheimilteraWveita 0 skv.1._mlsl_.mhstvera200millj._kr_.aWteknutillititiltakmarkanaskv.30.gr.ViWskipti  _fjrmlafyrirtkis_ԀviWeigendurvirkra_eignarhluta_Ԁogstj;rnarmanna,eWaaWilannum  tengslumviWY,skulu,eftirYvsemkosturer,ltasmureglumogviWskiptiviWalmenna i viWskiptamennsambrilegumviWskiptum.UmviWskiptiframkvmdastj;raog_lykilstarfs \4 manna_ԀviW_fjrmlafyrirtkiW_Ԁferskv.2.mgr.57.gr.Takmrkun1._mlsl_.lnumeWaWrum ' _fyrirgreiWslum_Ԁgildirekkiumlnveitingartileigendavirkra_eignarhluta_Ԁefeigandi_virks_  eignarhlutarerrkieWasveitarflag.LneWafyrirgreiWslaskv.1._mlsl_.tekurekkitil_innlns_  eiguannars_fjrmlafyrirtkis_._Fjrmlaeftirlitinu_ԀerheimiltaWveitaundanYgufyrirY_v_ `  aWfarayfirfjrhWskv.3._mlsl_.srstkumtilvikum. S+!   _FjrmlaeftirlitiW_ԀseturreglurumtreikninglnseWaannarrarfyrirgreiWsluskv.2.mgr., " umhvaWteljisttiltraustrartryggingar,um_hmarksfjrhWir_ԀlnaeWaannarra_fyrirgreiWslna_ # ntryggingaYegarumh;pninnaaWilaeraWrWaogumtryggingarsemheimilaaWfariW  $ syfirfjrhWskv.2.mgr. !W% @!11.gr. #'   30.gr.lagannaorWastsvo,samtfyrirsgn: #(   Takmarkanirst;rum_httuskuldbindingum_. $ ) "v  _httuskuldbinding_Ԁvegnaeins_viWskiptamanns_ԀeWah;pstengdraviWskiptamanna,aW v%N!* teknutillititil_httumildandi_ԀYttasamkvmtreglum_Fjrmlaeftirlitsins_,mekkifarayfir A&"+  25%af_eiginfjrgrunni_Ԁ_fjrmlafyrirtkis_,sbr.84.og85.gr.  '", & a      _httuskuldbindingar_Ԁvegna_viWskiptamanns_Ԁsemer_fjrmlafyrirtki_,eWavegnah;ps ( tengdraviWskiptamannaYarsemeinn,eWafleiri,er_fjrmlafyrirtki_,megaekkinemameira  'a(xenannaWhvort25%af_eiginfjrgrunni_Ԁ_fjrmlafyrirtkis_ԀeWa10_milljrWum_Ԁ_kr_.,hvortsem  nemurhrrifjrhW.kvWi1._mlsl_.erhWYvaWsamtala_httuskuldbindinga_ԀYeirra a viWskiptamannah;pnumsemekkieru_fjrmlafyrirtki_Ԁfariekkiuppfyrir25%af_eigin T, fjrgrunni_Ԁfyrirtkisins.    XegarhlutfalliW25%af_eiginfjrgrunni_Ԁ_fjrmlafyrirtkis_ԀnemurlgrifjrhWen10  _milljrWum_Ԁ_kr_.mega_httuskuldbindingar_Ԁvegna_viWskiptamanns_ԀeWah;pstengdraviW   skiptamannaskv.2.mgr.ekkiverahrrien100%af_eiginfjrgrunni_.  X   kvWi1.!3.mgr.eigaekkiviWumverWbrfafyrirtkisemekkihafa_starfsheimildir_Ԁskv. K #  c-ogf-liW1._tlul_.1.mgr.25.gr.,_verWbrfamiWlanir_Ԁog_rekstrarflg_Ԁ_verWbrfasj;Wa_.      LeikivafiYvhverjirteljasttilh;pstengdraviWskiptamannaer_fjrmlafyrirtki_Ԁskylt    aWtengjaaWilasamannemaviWkomandi_fjrmlafyrirtki_ԀgetisUntframhiWgagnstWa.     Fari_httuskuldbindingar_Ԁ_fjrmlafyrirtkis_ԀyfirYaumrksemkveWiWerum1.!3. wO  mgr.skalYaWtilkynnt_Fjrmlaeftirlitinu_Ԁntafar._FjrmlaeftirlitiW_Ԁgeturveittfyrirtkinu B  fresttilaWkomaskuldbindingumsnumlgmtthorf._FjrmlaeftirlitiW_Ԁgetureinstkum    tilvikumveitt_fjrmlafyrirtki_ԀundanYgufrtakmrkunum1.!3.mgr.     _FjrmlaeftirlitiW_Ԁskalsetjannarireglurumst;rar_httuskuldbindingar_Ԁ_fjrmlafyrir {  tkja_Ԁog_fjrmlasamsteypa_.0Yeimskalm.a.kveWiWum_heimilaWa_Ԁ_frdrttarliWi_,_httu nF mildandi_ԀYtti,hmark_samtlu_Ԁst;rra_httuskuldbindinga_Ԁogheimildir_fjrmlafyrirtkja_ 9 tilaWreiknat_eiginfjrkrfu_Ԁvegna_umframhttu_Ԁst;rra_httuskuldbindinga_.  @!12.gr. r   2._mlsl_.1.mgr.37.gr.lagannaorWastsvo:0tilkynninguskalkomaframhvaWarki e= hlutoghverjufyrirhuguWstarfsemisf;lgin,ogYegar_fjrmlafyrirtki_Ԁhyggstveita 0 Yj;nustugrundvellilaganr.108/2007,umverWbrfaviWskipti,skaltilkynnaumYaWhvort  fyrirtkihyggstnotafastaumboWsmenn.  @!13.gr. \4   EftirfarandibreytingarverWa40.gr.laganna: ' ! ! (g00"i(m"  i(m2g  a  .3  Ԉ0    2._mlsl_.orWastsvo:HiWsamaviWhyggistaWili,einnsreWasamstarfiviWaWra,auka  svoviWeignarhlutsinnaWvirkureignarhluturnieWafariyfir20%,33%eWa50%eWa  nemisvost;rumhlutaaW_fjrmlafyrirtki_ԀverWitaliW_d;tturflag_Ԁhans.i(m݌`  Ќ  "i(m"  i(m2g  b  .3  Ԉ0    ViWbtistnUmlsgrein,svohlj;Wandi:i(mD݌S+! Ќ    0     v KaupvirkumeignarhlutgetaekkikomiWtilframkvmdafyrren_tmafrestur_Ԁ_Fjr " mlaeftirlitsins_Ԁskv.2._mlsl_.2.mgr.43.gr.,sbr.42.gr.,erliWinneWa_FjrmlaeftirlitiW_ # hefurtilkynntYeimsemhyggsteignasteWaaukaviWvirkaneignarhlutaWhannshfur  $ tilaWfarameW_eignarhlutinn_.!W% @!14.gr. #'     EftirfarandibreytingarverWa42.gr.laganna: #( ! ! (g00"i(m"  i(mǒ2g  a  .3  Ԉ0    1.mgr.orWastsvo:i(mǒ݌$ ) Ќ    0     v EigisWarentveimurstarfsdgumeftirm;ttkutilkynningarskv.40.gr.,sbr.41.gr., v%N!* skal_FjrmlaeftirlitiW_ԀstaWfestam;ttkuhennar.0staWfestinguskalkomaframfyrir A&"+ hvaWadagmegivntaniWurstWu_Fjrmlaeftirlitsins_.Telji_FjrmlaeftirlitiW_ԀaWafla  '", YurfitarlegriupplUsingaenYeirrasemupperutaldar1.mgr.41.gr.frYeimsem '#- hyggsteignasteWaaukaviWvirkaneignarhlutgeturYaWkrafiWviWkomandiumYr.Slk ( krafaskalsettframeigisWarenfimmtustarfsdgumeftirstaWfestingutilkynningar.  _FjrmlaeftirlitiW_Ԁhefursextu_starfsdaga_ԀfrstaWfestingutilkynningarskv.1._mlsl_.til  YessaWmetahvortYaWtelurYannsemhyggsteignasteWaaukaviWvirkaneignarhlut a hfantilaWfarameW_eignarhlutinn_.S;skaWeftirviWb;tarupplUsingumfrviWkomandi, T, sbr.3._mlsl_.,btistbiWeftirupplUsingumviWdagafjldaskv.5._mlsl_.,Y;ekkiumfram  tuttuguvirkadaga._Fjrmlaeftirlitinu_ԀerheimiltaW;skaaftureftirfrekariupplUsingum.  SlkbeiWnilengirekkiframangreinda_tmafresti_.EfssemhyggsteignasteWaaukaviW   virkaneignarhluterstaWsetturrkiutanEvr;pska_efnahagssvWisins_,eWahannlUtur  X ekkiopinberu_fjrmlaeftirliti_ԀinnanEvr;pska_efnahagssvWisins_,btistbiWeftirupp K #  lUsingumviWdagafjldaskv.5._mlsl_.enY;ekkiumframYrjtuvirkadaga.   "i(m"  i(m2g  b  .3  Ԉ0    0staWorWanna?h;pifyrirtkja 2._mlsl_.4._tlul_.2.mgr.kemur:samstWuflaga.i(m݌   Ќ  @!15.gr. wO    eftir1._mlsl_.1.mgr.43.gr.lagannakemurnUr_mlsliWur_,svohlj;Wandi:Hafi_Fjr B  mlaeftirlitiW_Ԁ;skaWeftirupplUsingumskv.42.gr.ogYrekkiboristinnanYeirratmamarka    semtilgreinderukvWinugetur_FjrmlaeftirlitiW_ԀtekiWkvrWungrundvellifyrirliggj   andiupplUsinga. {  @!16.gr. 9   46.gr.alagannafellurbrott.  @ 17.gr. r   0staWorWsins?d;tturfyrirtki 2._mlsl_.47.gr.lagannakemur:_d;tturflag_. e= @!18.gr.    EftirfarandibreytingarverWa49.gr.laganna:  ! ! (g00"i(m"  i(m]2g  a  .3  Ԉ0    0staWorWanna?skv.40.gr.og 1._mlsl_.kemur:skv.40.gr.eWa.i(m]݌i Ќ  "i(m"  i(m2g  b  .3  Ԉ0    ViWbtistnUmlsgrein,svohlj;Wandi:i(mݤ݌\4 Ќ    0     v TeljisteinstaklingureWa_lgaWili_ԀekkilengurhfurtilYessaWfarameWvirkaneignar ' hluterheimiltaWveitahfileganfresttilrb;tasYaWunntaWmati_Fjrmlaeftirlitsins_.  VerWirb;tumekkiviWkomiWeWalWi_frestur_Ԁsem_FjrmlaeftirlitiW_Ԁhefurveittskv.1.  _mlsl_.skal_FjrmlaeftirlitiW_ԀgrpatilYeirrarrWasemgetiWerum46.gr.ViWmat `  hfisamkvmtkvWiYessuskalm.a.horfttil2.mgr.42.gr.S+! "i(m"  i(m2g  c  .3  Ԉ0    FyrirsgngreinarinnarorWastsvo:_UpplUsingaskylda_ԀogviWvarandimathfieiganda " virkra_eignarhluta_.i(m<݌# Ќ  @!19.gr. !W%   52.gr.lagannaorWastsvo: J""&   Stj;rnarmennskuluverabsettir_aWildarrki_ԀeWarkisemeraWiliaWEfnahags-og_fram #' farastofnuninni_Ԁ(_OECD_).Framkvmdastj;riskalverabsettur_aWildarrki_._Fjrmlaeftir #( litinu_ԀerheimiltaWveitaundanYgufr_bsetuskilyrWum_. $ )   Stj;rnarmennogframkvmdastj;riskuluvera_lgrWa_Ԁoghafa;flekkaWmannorWogmega v%N!* ekkisWustufimmrumhafaveriW_rskurWaWir_ԀgjaldYrota.XeirmegaekkitengslumviW A&"+ atvinnureksturhafahlotiWd;msWustuturumfyrir_refsiverWan_ԀverknaWsamkvmtal  '", mennum_hegningarlgum_,_samkeppnislgum_,lgumum_hlutaflg_,lgumum_einkahluta '#- flg_,lgumumb;khald,lgumumrsreikninga,lgumum_gjaldYrotaskipti_Ԁ_o.fl_.,lgumum ( staWgreiWslu& a opinberragjaldaoglgumum_gjaldeyrisml_,svoogsrlgumsemgildaum  aWilasemltaopinberueftirlitimeWfjrmlastarfsemi.  'aΰ  Stj;rnarmennogframkvmdastj;rarskuluverafjrhagslegasjlfstWiroghafalokiW a hsk;lapr;fisemnUtiststarfi._FjrmlaeftirlitiW_ԀgeturveittundanYgufr_menntunarkrfum_ T, skv.1._mlsl_.grundvelliYekkingar,hfniogreynsluviWkomandi.Jafnframtskulustj;rnar  mennogframkvmdastj;rarbayfir_ngilegri_ԀYekkingu,hfniogreynslutilaWgetagegnt  stWusinnitilhlUWileganhtt,m.a.hafaYekkinguYeirristarfsemisemviWkomandi_fjr   mlafyrirtki_Ԁstundar,_Y.m.t._Ԁ_httuYttum_.  X   Samsetningstj;rnar_fjrmlafyrirtkis_ԀskalverameWYeimhttiaWstj;rninbisameigin K #  legayfirfullngjandiYekkingu,hfniogreynslutilaWskiljaYstarfsemisemviWkomandi    _fjrmlafyrirtki_Ԁstundar,_Y.m.t._Ԁhelstu_httuYtti_.      _FjrmlaeftirlitiW_ԀseturreglurumfjrhagslegtsjlfstWistj;rnarmannaogframkvmda   stj;raoghvernigstaWiWskuliaW_hfismati_.Starfsmnnum_fjrmlafyrirtkis_Ԁerekkiheimilt wO  aWsitjastj;rnviWkomandi_fjrmlafyrirtkis_. B    _Fjrmlafyrirtki_ԀskalverjafullngjandifjrmunumogmannaflatilYessaWkynnastarf    semi_fjrmlafyrirtkisins_Ԁfyrir_stj;rnarmanni_ԀogtryggjaaWhannhlj;tiviWeigandiYjlfun   til_stj;rnarsetunnar_. {    _Fjrmlafyrirtki_Ԁskaltilkynna_Fjrmlaeftirlitinu_ԀumskipanogsWaribreytingarstj;rn nF ogframkvmdastj;raogskulutilkynningunnifylgjafullngjandiupplUsingartilaWhgts 9 aWmetahvortskilyrWumgreinarYessararog52.gr.asfullngt.    Framkvmdastj;rarogstj;rnarmennYurfahverjumtmaaWuppfylla_hfisskilyrWi_  Yessarargreinarog52.gr.aogreglnasettraskv.5.mgr._FjrmlaeftirlitiW_Ԁgeturhverjum r tmatekiWhfiframkvmdastj;raogstj;rnarmannatilsrstakrarskoWunar. e= @!20.gr.    eftir52.gr.lagannakemurnUgrein,52.gr.a,samtfyrirsgn,svohlj;Wandi,en52.gr.  a!52.gr.clagannaverWa52.gr.b!52.gr.d: i   nnurstrfstj;rnarmanna. \4   Stj;rnarmaWurskalverjafullngjanditmastrfsnYgu_fjrmlafyrirtkis_.Stj;rnar ' menn_fjrmlafyrirtkis_Ԁmegahvorkieigastistj;rnannars_eftirlitsskylds_ԀaWilaeWaaWila  semernnumtengslumviWhannnverastarfsmenneWaendurskoWendurannars_eftir  litsskylds_ԀaWilaeWaaWilannumtengslumviWhann.Stj;rnarmenn_fjrmlafyrirtkis_Ԁmega `  einungissinnaYeim_lgmannsstrfum_ԀfyrirannaW_fjrmlafyrirtki_ԀsemekkigetavaldiW S+! httu_hagsmunarekstrum_ԀmilliflagannatveggjaeWa_fjrmlamarkaWi_.Hyggist " stj;rnarmaWurtakaaWsr_lgmannsstrf_ԀfyrirannaW_fjrmlafyrirtki_Ԁskalhannfskriflegt # samYykkistj;rnar_fjrmlafyrirtkisins_Ԁsemhannerstj;rnarmaWurfyrirYvaWhannmegi  $ takaaWsrumrttstarf,tilkynna_Fjrmlaeftirlitinu_ԀumstarfiWsemhannhyggsttakaaWsr !W% ogupplUsa_FjrmlaeftirlitiW_ԀumeWlistarfsinsogumfangYess.Stj;rnarmaWurber_snn J""& unarbyrWi_ԀumaW_lgmannsstarf_ԀsemhanntekuraWsrfyrirannaW_fjrmlafyrirtki_Ԁbrj;ti #' ekkigegnkvWiYessu._FjrmlaeftirlitiW_ԀgeturkrafisthverskonargagnaogupplUsingafr #( _stj;rnarmanni_ԀYvskyniaWmetahvortbrotiWhafiveriWgegnkvWinu. $ ) & a   XrttfyrirkvWi1.mgr.geturstj;rnarmaWureWastarfsmaWur_fjrmlafyrirtkis_ԀtekiW v%N!* stistj;rnannars_fjrmlafyrirtkis_,vtryggingaflagseWa_fjrmlasamsteypu_ԀefumeraW A&"+  'av%rWaflagsemeraWhlutaeWalluleytieigu_fjrmlafyrirtkisins_ԀeWaflagsemeraWhluta  '", eWa&   lluleytieiguflagsmeWyfirrW_fjrmlafyrirtkinu_.Samagildirum_lgmann_Ԁ_m;Wur ( flags_'(.    _Stj;rnarseta_Ԁskv.2.mgr.skalhWYvaWhnskapiekki,aWmati_Fjrmlaeftirlitsins_,httu  _hagsmunarekstrum_Ԁ_fjrmlamarkaWi_.0Yessusambandiskalm.a.horfttileignarhalds a aWilaogtengslaflagsinssemumrWirviWaWraaWila_fjrmlamarkaWi_,svooghvorttengsl T, ingetiskaWaWheilbrigWanogtraustanrekstur_fjrmlafyrirtkisins_.  @!21.gr.     54.gr.lagannaorWastsvo,samtfyrirsgn:  X   Framkvmdstarfastj;rnar,byrgWhennar K #  ogverkaskiptingstj;rnarogframkvmdastj;ra.    b  Stj;rn_fjrmlafyrirtkis_ԀberbyrgWstarfsemiogstefnum;tunflagsinssemog_httu    stefnu_ԀogaWtilstaWarsvirktkerfiinnraeftirlitssemsamrmistlgumYessumogreglum   settummeWstoWYeim.Stj;rnberbyrgWaWfullngjandieftirlitsviWhaftmeWb;khaldi wO  ogaWmeWferWfjrmunaflagsinsssamrmiviWlgogreglursemumstarfseminagilda. B  Stj;rnberjafnframtbyrgWaW_stj;rnarhttir_ԀoginnraskipulagstuWliaW_skilvirkri_Ԁog    varfrinnistj;rnfyrirtkisins,aWskilnaWistarfaogaWkomiWsvegfyrirhagsmunarekstra.   Stj;rnskalrlegaendurmetastj;rnarhttisnameWtillititilviWurkenndraleiWbeiningaum {  stj;rnarhttiogbregWastviWmeWviWeigandihttiefYrfer. nF   Stj;rnarmaWurskalstarfaafheiWarleika,heilindumogfagmennskuogverasjlfstWur 9 hugsuntilYessaWgetameW_skilvirkum_ԀhttimetiW,gagnrUntoghafteftirlitmeWkvarWana  tkuframkvmdastj;ra_fjrmlafyrirtkisins_.    0samYykktum_fjrmlafyrirtkis_ԀskalkveWiWumverkaskiptingustj;rnarogfram r kvmdastj;ra.Stj;rnskalhafa_skilvirkt_ԀeftirlitmeWaWframkvmdastj;riflagsinsstarfieftir e= lgumogreglum. 0   Stj;rnskalsetjasrstarfsreglurYarsemnnarerkveWiWumframkvmdstarfastj;rn  arinnar.0reglumYessumskalfjallaWsrstaklegaumheimildirstj;rnartilaWtakakvarWanir  umeinstkviWskipti,framkvmdreglnaumsrstakthfistj;rnarmanna,meWferWstj;rnar i upplUsingumumeinstakaviWskiptamenn,setustj;rnarmannastj;rnum_d;tturflaga_Ԁog \4 _hlutdeildarflaga_ԀogframkvmdreglnaummeWferW_viWskiptaerinda_Ԁstj;rnarmanna.Stj;rn ' _fjrmlafyrirtkis_Ԁskalsenda_Fjrmlaeftirlitinu_Ԁafritafreglunuminnan14dagafrYvaW  YrerusettareWaYeimerbreytt.    Stj;rnarformanni_fjrmlafyrirtki_Ԁer;heimiltaWtakaaWsrnnurstrffyrirflagiWen `  YausemteljasteWlilegurhlutistarfahanssemstj;rnarformanns,aWundanskildumeinstkum S+! verkefnumsem_flagsstj;rnin_ԀfelurhonumaWvinnafyrirsig. "   Stj;rnskalfylgjastmeWYvogtryggjaeftirbestugetuaWtilkynningarogupplUsingarsem # flaginuberaWveitasamkvmtlgumYessumsurttar.  $   _Fjrmlafyrirtki_ԀskalfylgjaviWurkenndumleiWbeiningumumstj;rnarhttifyrirtkja. !W% 0Yvskyniskal_fjrmlafyrirtkiW_Ԁm.a.birtarlegayfirlUsinguumstj;rnarhttifyrirtkisins J""& srstkumkafla_rsreikningi_ԀeWarsskUrsluoggeragreinfyrirstj;rnarhttumsnum #' _vefsWu_ԀfyrirtkisinsogbirtaYaryfirlUsinguumstj;rnarhttisna.Xarskalkomafram #( _vefsWu_Ԁ_fjrmlafyrirtkis_ԀeWa_rsreikningi_ԀYesshvernig_fjrmlafyrirtki_Ԁuppfyllirkrfur $ ) umstj;rnarhttisamkvmtlgumYessum. v%N!*   A&"+ @!&   22.gr. (   eftir54.gr.lagannakemurnUgrein,54.gr.a,samtfyrirsgn,svohlj;Wandi:    Hlutverkstj;rnarvegna_httustUringar_.  ^  Stj;rn_fjrmlafyrirtkis_ԀskalsamYykkja_httustefnu_,_httuvilja_Ԁogframkvmd_httu a stUringar_,sbr.17.gr.,ogtryggjaaW'(Ԁinnri_ferlar_Ԁvegna_httustUringar_Ԁsu_yfirfarnir_ԀmeW T, reglubundnumhtti.Tilslkraferlateljastm.a._ferlar_ԀervarWa_httutku_Ԁogtakmrkun  Yeirrihttusemhefur,eWakannaWhafa,hrifstarfsemifyrirtkis.    Stj;rn_fjrmlafyrirtkis_ԀskalviWstrfsnverjahfilegumtmaaWfjallaumhelstu   _httuYtti_Ԁstarfsemifyrirtkisins.Stj;rnskaltryggjaaW_ngjanlegum_Ԁfjrmunumogtma  X svariWvirka_httustUringu_Ԁog_httumat_ԀYannigaWinnanfyrirtkisinssyfirsUnyfir K #  helstu_httuYtti_.Einnigskalstj;rn,eftiratvikum,hafaeftirlitmeWmatieignumf    lagsins,notkuninnrilkanaognotkunmatsfr_lnshfismatsfyrirtkjum_.    @!23.gr. wO    EftirfarandibreytingarverWa56.gr.laganna: B  ! ! (g00"i(m"  i(m;2g  a  .3  Ԉ0    2._mlsl_.orWastsvo:Stj;rnfyrirtkisgeturveittheimildtilslksgrundvellireglnasem    _fjrmlafyrirtki_Ԁseturogsendir_Fjrmlaeftirlitinu_Ԁafritaf.i(m;h݌  Ќ  "i(m"  i(m.2g  b  .3  Ԉ0    0staWorWsins?d;tturfyrirtki 4._mlsl_.kemur:_d;tturflagi_.i(m.[݌{  Ќ   (g00@!24.gr. 9   EftirfarandibreytingarverWa57.gr.laganna:  "i(m"  i(m2g  a  .3  Ԉ0    1._mlsl_.1.mgr.orWastsvo:_Fjrmlafyrirtki_ԀskalsetjareglurumviWskiptisnviW  framkvmdastj;raog_lykilstarfsmenn_Ԁogsenda_Fjrmlaeftirlitinu_Ԁafritafreglunum r innanfj;rtndagafrYvaWYrerustaWfestarafstj;rn.i(m݌e= Ќ  "i(m"  i(m-2g  b  .3  Ԉ0    1._mlsl_.2.mgr.orWastsvo:UmviWskipti_fjrmlafyrirtkis_ԀogstarfsmannaYess,eWa 0 aWilannumtengslumviWY,fersamkvmtreglumsemstj;rn_fjrmlafyrirtkis_Ԁsetur.i(m-Z݌ Ќ  @!25.gr. i   57.gr.alagannaorWastsvosamtfyrirsgn: \4   _Starfskjarastefna_. '   Stj;rn_fjrmlafyrirtkis_ԀskalsamYykkja_starfskjarastefnu_ԀfyrirtkisinsvarWandi_heildar  starfskjr_ԀstarfsmannaYess,_Y.m.t._Ԁfststarfskjr,breytilegstarfskjr,efYaueruveitt,og  _rWningarkaupauka_.Um_starfskjarastefnu_Ԁ_fjrmlafyrirtkis_ԀgildakvWilagaum_hlutaflg_, `  endasekkiannanvegmltlgumYessumeWareglumsettumgrundvelliYeirra.Stj;rn S+! skaleigisjaldnarenrlegataka_starfskjarastefnu_ԀfyrirtkisinstilendurskoWunaroggera " breytingarhenniefYurfaYykir. #   _Starfskjarastefna_Ԁ_fjrmlafyrirtkis_ԀskalmiWaaWYvaW_heildarstarfskjr_:  $ ! ! (g00"i(m"  i(ml2g  a  .3  Ԉ0    hvetjiekkitil_;h;flegrar_Ԁ_httutku_ԀogsusamrmiviW_httuYol_Ԁfyrirtkis,i(ml݌!W% Ќ  "i(m"  i(m2g  b  .3  Ԉ0    valdiekkihttu_hagsmunarekstrum_,i(m1݌J""& Ќ  "i(m"  i(m%2g  c  .3  Ԉ0    vinniekkigegn_langtmahagsmunum_Ԁfyrirtkis,i(m%R݌#' Ќ  "i(m"  i(mN2g  d  .3  Ԉ0    samrmistsj;narmiWumumverndviWskiptavinafyrirtkis,krfuhafaoghluthafaeWa #( _stofnfjreigenda_,ogi(mN{݌$ ) Ќ  "i(m"  i(m2g  e  .3  Ԉ0    samrmistaWWruleytieWlilegumogheilbrigWum_viWskiptahttum_.i(m݌v%N!* Ќ    Ef_fjrmlafyrirtki_Ԁhefur100starfsmenneWafleirieWaeignirumfram20milljarWa_kr_. A&"+ loksWastliWins_reikningsrs_ԀerYvskyltaWskipasrstaka_starfskjaranefnd_ԀsemhefurYaW  '", hlutverkaWveitastj;rn_fjrmlafyrirtkisins_ԀrWgjfviWsamningu_starfskjarastefnu_Ԁskv.1. '#- mgr.og_starfsreglna_Ԁumbreytilegstarfskjrskv.57.gr.b.Meirihluti_starfskjaranefndar_Ԁskal ( skipaWurstj;rnarmnnum._Starfskjaranefnd_ԀskalskipuWeinstaklingumsemhafareynsluog  YekkingutilaWmetaefni_starfskjarastefnu_,framkvmdhennaroghrif_httustUringu_,  eigiWfoglaustfhlutaWeigandi_fjrmlafyrirtkis_._FjrmlaeftirlitiW_ԀgeturveittundanYgu a frkrfuumaW_fjrmlafyrirtki_Ԁskuliskipa_starfskjaranefnd_ԀefsrstakarstWurmlameW T, Yv.    _Fjrmlaeftirlitinu_ԀerheimiltaWsetjannarireglurumframkvmdYessarargreinar.  @!26.gr.  X   eftir57.gr.alagannakomafj;rarnUjargreinar,57.gr.b!57.gr.e,samtfyrirsgnum, K #  svohlj;Wandi,en57.gr.blagannaverWur57.gr.f:      a.(57.gr.b.)     Starfsreglurumbreytilegstarfskjr. wO    AWteknutillititil_heildarafkomu_Ԁ_fjrmlafyrirtkis_Ԁyfirlengritma,_undirliggjandi_Ԁhttu B  og_fjrmagnskostnaWar_Ԁer_fjrmlafyrirtki_ԀheimiltaWkvarWastarfsmnnumbreytilegstarfs    kjr.Breytilegstarfskjrskuluekkitakmarkauppbyggingu_eiginfjrgrunns_Ԁ_fjrmlafyrir   tkis_ԀeWatakmarkauppbyggingu_eiginfjrgrunns_ԀYegar_fjrmlafyrirtki_Ԁuppfyllirekki {  kvWium_eiginfjrauka_Ԁskv.84.gr.a!84.gr.e.BreytilegstarfskjrskulukvrWuW nF grundvelli_starfsreglna_ԀsamrmiviWlgYessiogreglursem_FjrmlaeftirlitiW_Ԁseturskv.5. 9 mgr.    StarfsreglurumbreytilegstarfskjrskulusamYykktarafstj;rn_fjrmlafyrirtkis_ԀaWfeng  innirWgjf_starfskjaranefndar_ԀsslkrinefndtilaWdreifa._Starfsreglurnar_Ԁeruhlutiaf_starfs r kjarastefnu_Ԁ_fjrmlafyrirtkis_.Stj;rn_fjrmlafyrirtkis_ԀberbyrgWYvaWsamningarum e= breytilegstarfskjrsusamrmiviWlg,reglurogstarfsreglurfyrirtkisins.:heimilter 0 aWkvarWabreytilegstarfskjrmeWmillignguYriWjaaWilaogaWkvarWastj;rn_fjrmla  fyrirtkis_Ԁbreytilegstarfskjr.    0starfsreglumumbreytilegstarfskjrer;heimiltaWgerarWfyrirtryggWumbreytilegum i starfskjrum.X;erheimiltaWkvarWastarfsmannistakagreiWslufyrstariviWrWningu, \4 svonefndan_rWningarkaupauka_.Um_rWningarkaupauka_ԀgildakvWilagaYessaraogreglna ' settragrundvelliYeirraumbreytilegstarfskjr.    unninrttindistarfsmannasamkvmtstarfsreglumumbreytilegstarfskjrskulufrW  tilgjaldahverjurieftirYvsem_reikningsskilareglur_ԀheimilaogsrstaklegaskalgerWgrein `  fyrirYeimskUringumviW_rsreikning_. S+!   _FjrmlaeftirlitiW_Ԁskalsetjannarireglurumfyrirkomulagoginnihaldreglnaumbreytileg " starfskjr,innraeftirlit_fjrmlafyrirtkis_ԀmeWframkvmd_starfsreglnanna_,hrifbreytilegra # starfskjarafjrhagsstWu_fjrmlafyrirtkis_,_rWningarkaupauka_,mathttuograngri  $ vegnabreytilegrastarfskjaraog_upplUsingagjf_Ԁ_fjrmlafyrirtkis_ԀvarWandibreytilegstarfs !W% kjr. J""&     b.(57.gr.c.) #(   Hmarkbreytilegrastarfskjara. $ )   Samtala_kvarWaWra_Ԁbreytilegrastarfskjarastarfsmannssemtelsthafaveruleghrif v%N!* _httusniW_Ԁ_fjrmlafyrirtkis_,aWmeWtldumYeimhlutastarfskjarasemfrestaWer,m_rs A&"+ grundvelli_ԀekkinemahrrifjrhWen25%affstumstarfskjrumhlutaWeigandistarfs  '", manns.kvWiWtekurm.a.tilyfirstj;rnar,_lykilstarfsmanna_,starfsmanna_eftirlitseininga_Ԁog '#- annarra&  starfsmannasemnj;tasambrilegra_heildarstarfskjara_Ԁogyfirstj;rnog_lykilstarfs ( menn_.'(    _FjrmlaeftirlitiW_ԀskalsetjareglurYarsemtilgreindirerustarfsmennskv.1.mgr.ogum  srstkviWmiWfyrirbreytilegumstarfskjrumstarfsmanna_eftirlitseininga_. a   c.(57.gr.d.)    Samsetningogfrestunbreytilegrastarfskjara.  "  AWminnstakostihelmingur_kvarWaWra_Ԁbreytilegrastarfskjarastarfsmanna_fjrmlafyrir   tkis_Ԁskalsamanstandaafhlutabrfum,_stofnfjrbrfum_ԀeWasamskonar_eignarrttindum_Ԁ  X hlutaWeigandifyrirtki,_hlutabrfatengdum_Ԁ_gerningum_,YarmeWal_valrttum_,Wrum_gern K #  ingum_ԀtengdumfyrirtkinuogWrum_gerningum_Ԁsemekkiteljasttil_reiWufjr_.Efstarfsreglur    _fjrmlafyrirtkis_ԀumbreytilegstarfskjrkveWaumaWslkstarfskjrskulikvrWuWstarfs    mnnum_endurskoWunardeildar_ԀskuluYauekkiveraformihlutabrfa,_stofnbrfa_ԀeWa_hluta   brfatengdra_Ԁ_gerninga_. wO    Frestaskal_a.m.k._Ԁ40%af_kvrWuWum_Ԁbreytilegumstarfskjrum_a.m.k._ԀYrjr. B    Efbreytilegstarfskjrstarfsmanns,semkvWi1.mgr.57.gr.ctekurekkitil,_rs    grundvelli_ԀnemaekkihrrifjrhWen10%affstumstarfskjrumstarfsmannserheimilt,   Yrttfyrir2.mgr.,aWkvarWaYaunfrestunar. {    _FjrmlaeftirlitiW_ԀskalsetjareglursemkveWannarumaWra_gerninga_Ԁskv.1.mgr., nF undanYgurfrgreiWslubreytilegrastarfskjarahlutabrfum,_stofnfjrbrfum_ԀeWasamskonar 9 _eignarrttindum_ԀhlutaWeigandifyrirtki,_hlutabrfatengdum_Ԁ_gerningum_,YarmeWal_val  rttum_,eWaWrum_gerningum_Ԁtengdumfyrirtkinu,ogfrestun_kvarWaWra_Ԁbreytilegrastarfs  kjaraskv.2.mgr.,_Y.m.t._ԀhvernigfariumfrestunbreytilegrastarfskjaraYegarstarfsmaWur r httirstrfumfyrirfyrirtkiW. e=   d.(57._gr._Ԁe.)    _Afturkllun_Ԁog_endurkrafa_Ԁbreytilegrastarfskjara.  &  Starfsreglur_fjrmlafyrirtkis_ԀumbreytilegstarfskjrskulutryggjaaWbreytilegstarfskjr i semhafaveriWkvrWuWenekkigreiddtvegnafrestunarskv.2.mgr.57.gr.dskuliekki \4 greidd,eWaaWeinsgreiddtaWhluta,YegaraW_fyrirhuguWum_Ԁ_greiWsludegi_Ԁhinna_frestuWu_ ' breytilegustarf_skjara_ԀkemurefstaWafyrirtkisinshefurversnaWverulegaeWatliterfyrir  aWstaWaYessmuniversnaverulega.SamaviWeffyrirtkiYarfnauWsynlegaaWbyggjaupp  eiginfjrstWusna. `    Starfsreglur_fjrmlafyrirtkis_ԀumbreytilegstarfskjrskulutryggjaaWfyrirtkisheimilt S+! aWendurkrefjastarfsmannumYegar_tgreidd_Ԁbreytilegstarfskjr,heildeWaaWhluta,einkum " eflj;skemuraWstarfsmaWurvarYtttakandieWabarbyrgWframferWisemolli_fjrmla # fyrirtkinu_Ԁverulegutj;nieWabrst_starfsskyldum_Ԁsnumverulega.XaWsamaviWhafistarfs  $ maWurekkifylgtlgum,reglum,_stj;rnvaldsfyrirmlum_ԀeWainnrireglum_fjrmlafyrirtkis_. !W% StarfsreglurumbreytilegstarfskjrskulukveWannarumtilvikogaWstWursemleiWatil J""& YessaW_fjrmlafyrirtki_ԀsheimiltaWendurkrefjastarfsmann,heildeWaaWhluta,um #' breytilegstarfskjrsemYegarhafaveriWgreiddt. #(   0starfsreglum_fjrmlafyrirtkis_ԀumbreytilegstarfskjrskalYaWveratryggtaWYeimtil $ ) vikumYegar_fjrmlafyrirtki_Ԁerveittlntil_Yrautavara_ԀfrseWlabanka,eWaeinhverskonar v%N!* fjrhagsaWstoW,skuliveraheimiltaWafturkalla,heildeWaaWhluta,YegarkvrWuWbreytileg A&"+  starfskjrsemekkihafaveriWgreiddttilstarfsmanns._Fjrmlaeftirlitinu_Ԁerheimiltgrund  '", vellireglna&   skv.5.mgr.aWkveWaumfrekaritakmarkanirgreiWslumbreytilegrastarfskjara ( YeimtilfellumsemkveWiWerumkvWinu.'(2    Starfsreglur_fjrmlafyrirtkis_ԀumbreytilegstarfskjrskulutakamiWafYvaWef_fjr  mlafyrirtki_ԀuppfyllirekkikvWiumaWviWhalda_eiginfjraukum_Ԁskv.84.gr.a!84.gr. a eskulibreytilegstarfskjreinungisgreiddstarfsmnnumsamrmiviW6.mgr.84.gr.a. T,   _Fjrmlaeftirlitinu_ԀerheimiltaWsetjareglurumframkvmdYessarargreinar.  @!27.gr.     OrWin?sbr.4.mgr.97.gr. 1.mgr.59.gr.lagannafallabrott.  X @!28.gr.      Fyrirsgn_VII_.kaflalagannaorWastsvo: Stj;rn,_stj;rnarhttir_Ԁogstarfsmenn.     @!29.gr. wO    _IX_.kaflilaganna,semhefurfyrirsgnina MeWhndlun_httuYtta_Ԁstarfsemi_fjr B  mlafyrirtkis_, 78.gr.,78.gr.a!78.gr.iog79.gr.,orWastsvo,samt_greinarfyrirsgnum_:      a.(78._gr._) {    _httunefnd_. nF 8  _Fjrmlafyrirtki_Ԁskalstarfrkja_httunefnd_.NefndinskalaWlgmarkiskipuWYremur 9 mnnum,Yaraftveimurstj;rnarmnnum_fjrmlafyrirtkisins_ԀhiWminnsta.Starfsmnnum  _fjrmlafyrirtkisins_Ԁer;heimiltaWeigastinefndinni.Nefndarmennskulubayfir_ngi  legri_ԀYekkinguogstarfsreynslutilaWm;ta_httustefnu_Ԁog_httuvilja_Ԁflagsins._httu r nefnd_ԀskalsinnarWgjafar-og_eftirlitshlutverki_Ԁfyrirstj;rnfyrirtkisins,m.a.vegna_m;tunar_ e= _httustefnu_Ԁog_httuvilja_Ԁfyrirtkisins. 0   _httunefnd_ԀskalhafaaWgangaWYeimupplUsingumogggnumsemnefndintelursig  Yurfatilstarfasinna.    _httunefnd_Ԁskalm.a.kannahvorthvatarsemfalistgeta_starfskjarastefnu_Ԁ_fjrmlafyrir i tkis_,YarmeWalbreytilegumstarfskjrum,samrmist_httustefnu_Ԁfyrirtkisinsogyfir \4 farahvortkjreignumogskuldbindingum,YarmeWal_innlnum_Ԁog_tlnum_,semboWin ' eruviWskiptavinum_fjrmlafyrirtkis_ԀtakiaWfullumiWaf_viWskiptalkani_Ԁog_httustefnu_  fyrirtkisins.Efkjrendurspeglaekkihttunasamkvmt_viWskiptalkani_Ԁog_httustefnu_  fyrirtkisinsskal_httunefnd_Ԁleggjafram_rb;tatlun_Ԁtilstj;rnar. `    _Fjrmlafyrirtki_ԀerheimiltaWsameinastrf_httunefndar_Ԁog_endurskoWunarnefndar_Ԁskv. S+! _IX_.kaflaAlgumumrsreikninga,nr.3/2006.Nefndarmenn_sameinaWrar_Ԁnefndarskulu " bayfir_ngilegri_ԀYekkinguogstarfsreynslutilaWsinnaverkefnumsemannarshefWuveriW # falinhvorrinefndfyrirsig._FjrmlaeftirlitiW_ԀgeturmeWhliWsj;nafstrW,eWliogumfangi  $ rekstrar_fjrmlafyrirtkis_,ogYvhversumargYttstarfsemifyrirtkisinser,krafistYessaW !W% _fjrmlafyrirtki_Ԁ_aWskilji_Ԁstrf_httunefndar_Ԁog_endurskoWunarnefndar_. J""&   _FjrmlaeftirlitiW_Ԁgetur,meWhliWsj;nafstrW,eWliogumfangirekstrar_fjrmlafyrirtkis_, #' ogYvhversumargYttstarfsemifyrirtkisinser,veittundanYgufrstarfrkslu_httu #( nefndar_ԀeWafreinstkumYttumstarfsemi_httunefndar_._Fjrmlaeftirlitinu_ԀerheimiltaW $ ) skilyrWaundanYgutil_fjrmlafyrirtkja_.Starfsskyldur_httunefndar_Ԁskv.2.og3.mgr. v%N!* skuluYaWbreyttu_breytanda_Ԁhvlastj;rn_fjrmlafyrirtkis_. A&"+  '#-   b.(78._gr._Ԁa.) (   _Btlna_-og_m;taWilahtta__._  J  _Fjrmlafyrirtki_ԀskalbyggjalnveitingarsnartraustumogvelskilgreindumviWmiWum  ogtryggjaaW_ferlar_ԀvegnasamYykktar,breytinga,endurnUjunarog_endurfjrmgnunar_Ԁ_ln a veitinga_,eWahverskyns_skilmlabreytinga_ԀYeirra,sutilstaWar. T,   _Fjrmlafyrirtki_ԀskalbeitaeiginaWferWafrWisemgerirYvkleiftaWmeta_tlnahttu_  af_httuskuldbindingum_Ԁeinstakra_lntakenda_,verWbrfum,_verWbrfuWum_ԀstWumog_t  lnasafni_Ԁheild.EiginaWferWafrWiskalekkieingngueWaathugasemdalaustbyggjast   mati_lnshfismatsfyrirtkja_.Xegar_fjrmlafyrirtki_Ԁbyggir_eiginfjrtreikninga_Ԁsna  X einkunn_matsfyrirtkis_,eWaeftiratvikumYvaW_httuskuldbinding_ԀhafiekkihlotiW K #  einkunn,skalYaWekkiundanskiliWYvaWnUtaaWrarviWeigandiupplUsingarviWmat    _eiginfjrYrf_.      _Fjrmlafyrirtki_Ԁskalnota_skilvirk_ԀkerfiogaWferWirviW_stUringu_Ԁ_tlnasafns_Ԁoghafa   eftirlitmeW_httuskuldbindingum_Ԁ_fjrmlafyrirtkis_,_Y.m.t._Ԁgreiningu_vanefndum_,_virWis wO  breytingum_Ԁog_varWarniWurfrslum_. B    Dreifing_tlnasafns_Ԁ_fjrmlafyrirtkis_ԀskalverafullngjandimeWtillititilYeirramarkaWa    semfyrirtkiWstarfarog_tlnastefnu_ԀYess.     c.(78._gr._Ԁb.) nF   _EftirstW_Ԁhtta_._ 9 V  _Fjrmlafyrirtki_Ԁskal,m.a.meW_skjalfestri_Ԁstefnuogferlum,meWhndlaogstUraYeirri  httusemverWureftirYegarviWurkenndaraWferWirYessviW_mildun_Ԁ_tlnahttu_Ԁreynast  ekki_jafnrangursrkar_Ԁogvnstvar. r   d.(78._gr._Ԁc.) 0   _SamYjppunarhtta_.  X  _Fjrmlafyrirtki_Ԁskal,m.a.meW_skjalfestri_Ԁstefnuogferlum,meWhndlaogstUra_sam  Yjppunarhttu_ԀsemverWurtilvegnasrhversm;taWilafyrirtkisins.Undirm;taWilafalla i m.a.h;partengdraviWskiptamanna,_miWlgir_Ԁ_m;taWilar_,_m;taWilar_Ԁsmugreininnansama \4 geira_hagkerfisins_,samalandsvWieWasmuatvinnugreineWaaWilarsemframleiWasmu ' _hrvru_.ViWmatoggreiningu_samYjppunarhttu_ԀskaltakamiWafaWferWumviW_mildun_  _tlnahttu_Ԁsemoghttusemtengistst;rum,;beinum_httuskuldbindingum_,m.a.vegna  tryggingafyrir_httuskuldbindingum_Ԁfreinumtgefanda. `    e.(78.gr.d.) "   httavegna_verWbrfunar_. # B^  _Fjrmlafyrirtki_Ԁskal,m.a.meW_skjalfestri_Ԁstefnuogferlum,metaogmeWhndlahttu,  $ _Y.m.t._Ԁ_orWsporshttu_,vegna_verWbrfunar_,YarsemfyrirtkiWer_fjrfestir_,tgefandieWa !W% _umsUsluaWili_Ԁslkra_gerninga_._Fjrmlafyrirtki_ԀskaljafnframttryggjaaWefnahagslegtinntak J""& viWskiptanna_endurspeglist_ԀaWfullu_httumati_ԀogkvrWunumstj;rnenda. #'   _Fjrmlafyrirtki_Ԁsemertgefandi_verWbrfunar_Ԁ_httuskuldbindingum_Ԁvegna_veltufjr #( mgnunar_ԀmeWkvWumumheimildtilgreiWslufyrirgjalddagaskalhafatilstaWar_lausa $ ) fjrtlun_ԀYarsemtekiWertillittiltlaWra_afborgana_Ԁog_afborgana_Ԁfyrirgjalddaga. v%N!*   A&"+   & ,  f.(78.gr.e.) (   _MarkaWshtta_.  d  _Fjrmlafyrirtki_ԀskalhafaskjalfestastefnuogferlatilaWgreina,mlaogstUrallum  verulegumYttumsemorsaka_markaWshttu_Ԁoghrifumafhenni.',(qd a   0YeimtilvikumYegar_skortstaWa_Ԁ_gjaldfellur_Ԁundan_gn;ttstWu_Ԁskal_fjrmlafyrirtki_Ԁgera T, rWstafanirsvoaWtryggtsaWekkiskapistlausafjrskortur.    _Fjrmlafyrirtki_ԀskalhafayfiraWrWangueiginftilYessaWmtallumverulegum  _markaWshttuYttum_Ԁsemekkieru_meWhndlaWir_ԀsrstaklegaviWtreikninglgbundnum   _eiginfjrkrfum_.  X   g.(78.gr.f.)      _Vaxtahtta_ԀvegnaviWskiptautan_veltub;kar_.    i  _Fjrmlafyrirtki_Ԁskalgreina,metaogstUrahttuvegnamgulegra_vaxtabreytinga_Ԁsem   hafahrifviWskiptiYessutan_veltub;kar_. wO    h.(78.gr.g.)      _Rekstrarhtta_.   k  _Fjrmlafyrirtki_ԀskalhafaskjalfestastefnuogferlatilaWmetaogstUra_rekstrarhttu_, {  _Y.m.t._Ԁvegna_httulkana_Ԁog_ftWra_ԀatburWasemgetahaftalvarlegarafleiWingar._Fjrmla nF fyrirtki_ԀskalYessumtilgangitilgreinahvaWtelsttil_rekstrarhttu_. 9   _Fjrmlafyrirtki_Ԁskalhafa_viWbragWstlun_ԀogtlunumsamfelldanreksturtilaW  tryggjaframhaldandistarfsemisnaogtakmrkuntj;niefalvarlegrskunverWurstarf  semifyrirtkisins. r   i.(78.gr.h.) 0   _Lausafjrhtta_.  o  _Fjrmlafyrirtki_Ԁskalhafatlanir,stefnu,skjalfesta_verkferla_,aWferWirogkerfitilaW  greina,meta,stUraogfylgjastmeW_lausafjrhttu_ԀsemnryfirviWeiganditma,_Y.m.t._Ԁinnan i dags,tilaWtryggjaaWfyrirtkiWbiyfirngulausuf.Slkartlanir,stefnur,_ferlar_Ԁog \4 kerfiskulusniWinaWstarfsemisviWa,tibaog_lgaWila_ԀinnansamstWu_fjrmlafyrirtkis_ ' ogYeim_gjaldmiWlum_ԀsemYaueigaviWskiptummeW.tlanir,stefnur,_ferlar_Ԁogkerfiskulu  einnigfelasrfullngjandirWstfunfjrmunavegnakostnaWar,vinningsoghttu,og  skulutakamiWaf_httusniWi_,umfangiog_httuYoli_.Xskulutlanir,stefnur,_ferlar_Ԁog `  kerfitakamiWafYvhversumargYttstarfsemi_fjrmlafyrirtkisins_Ԁerogendurspegla S+! mikilvgi_fjrmlafyrirtkisins_Ԁhverju_aWildarrki_ԀsemYaWhefurstarfsemi._Fjrmla " fyrirtki_ԀskalupplUsaallarviWeigandi_starfseiningar_Ԁfyrirtkisinsum_httuYol_ԀYess. #   _Fjrmlafyrirtki_Ԁskalm;ta_httusniW_Ԁvegna_lausafjrhttu_ԀsemskaltakamiWafeWli,  $ umfangiogYvhversumargYttstarfsemi_fjrmlafyrirtkisins_Ԁer. !W%   _Fjrmlafyrirtki_ԀskalYr;aaWferWafrWitilaWgreina,mla,stUraogfylgjastmeW_fjr J""& mgnunarstWum_.0_aWferWafrWinni_ԀskaltekiWtillittilmikilvgs_fjrstreymis_,nverandiog #' _tlaWs_,semstafarafeignum,skuldumogliWumutan_efnahagsreiknings_,_Y.m.t._Ԁ_skilyrtum_ #( skuldbindingumoghugsanlegumhrifumaf_orWsporshttu_. $ )   _Fjrmlafyrirtki_Ԁskalgreinamilli_veWsettra_Ԁog_kvaWalausra_Ԁeignasemerutiltkar v%N!* hverjumtma,einkumefneyWarstandrkir.JafnframtskaltakamiWafstaWsetningueign A&"+  anna,bWihvaWvarWarYaWrkiYarsem_eignarrttindi_ԀeruskrWogYaWhvaWa_lgaWili_Ԁfer  '", &   meWeignarhaldeignunum._Fjrmlafyrirtki_ԀskalfylgjastmeWhvortoghvernigeignireru ( tiltkar.'(}    _Fjrmlafyrirtki_Ԁ_sskal_ԀtakamiWaflgbundnumog_rekstrarlegum_Ԁtakmrkunummgu  legum_millifrslum_Ԁlausufog_kvaWalausum_Ԁeignummilli_lgaWila_ԀbWihrlendisog a erlendis. T,   _Fjrmlafyrirtki_ԀskalkappkostaaWnotafleirieneinaaWferWtilaWmildahttuviW  _lausafjrstUringu_.AWraraWferWirskulum.a.innihaldaUmismrkog_varaforWa_Ԁ_lauss_Ԁfjrsvo  aWfyrirtkiWgetistaWiWafsrmargvslega_lagsatburWi_.Jafnframtskal_fjrmlafyrirtki_   kappkostaaWfjrmgnun,ogaWganguraWhenni,sngjanlegadreifW.Tilhgun_lausafjr  X stUringar_ԀskalendurskoWuWreglulega. K #    _Fjrmlafyrirtki_Ԁskalkannahrifaf;lkumsviWsmyndum_lausafjrstWu_Ԁsnaog_mildun_    httuogskuluforsendursemliggjatilgrundvallarkvrWunumumfjrmgnunfyrirtk    isinsendurskoWaWar_a.m.k._Ԁrlega.0Yvskyniskulu_sviWsmyndirnar_ԀeinkumtakatillittilliWa   utan_efnahagsreiknings_Ԁogannarra_skuldbindinga_,_Y.m.t._Ԁeiningaum_srverkefni_ԀsviWi_verW wO  brfunar_ԀeWaannarraeiningaum_srverkefni_Ԁsem_fjrmlafyrirtkiW_ԀkemuraWsemtgefandi B  eWaveitirverulegan_lausafjrstuWning_.      _Fjrmlafyrirtki_Ԁskal_sviWsmyndunum_Ԁkannahrifvegnaeinstakrafyrirtkjasemog   vegnamarkaWarinsheildaukYessaWkannablandaWarsviWsmyndir.ViWathugunskaltekiW {  miWaf;lkumtmabilumogmismunandi_lagsaWstWum_. nF   _Fjrmlafyrirtki_ԀskalaWlagatlanirsnar,stefnurogmrkvegna_lausafjrhttu_Ԁog 9 Yr;a_skilvirka_Ԁ_viWbragWstlun_ԀmeWtillititilniWurstaWnarsviWsmyndumsemtilteknareru  7.mgr.tilaWbregWastviW_lausafjrvanda_.0tluninniskalkomaframhvernig_fjrmla  fyrirtki_Ԁhyggstmta_lausafjrskorti_,_Y.m.t._ԀtibumWrum_aWildarrkjum_ԀYarsemYaW r hefurstarfsemi._Fjrmlafyrirtki_Ԁskalpr;fa_tlunina_Ԁ_a.m.k._Ԁrlegaog_uppfra_ԀhanameW e= hliWsj;nafniWurstWumrYeimsviWsmyndumsemtilteknarerui7.mgr.Framkvmdastj;rn 0 _fjrmlafyrirtkis_ԀskalsamYykkja_tlunina_ԀogtryggjaaWinnri_ferlar_ԀsusamrmiviW  krfurkvWisins._Fjrmlafyrirtki_ԀskalgerarWstafanirtilaWtryggjaaW_viWbragWstlun_  getikomiWtiltafarlausrarframkvmdar._ViWskiptabankar_,_sparisj;Wir_ԀogaWrarlnastofnanir i skuluYeimtilgangiverameWfullngjanditryggingarvegna_fjrmgnunar_ԀfrseWlabanka. \4 0Yessufelstm.a.aWverameWtryggingarsmuerlendu_gjaldmiWlum_Ԁog_httuskuldbind ' ingar_Ԁ_fjrmlafyrirtkisins_Ԁsjlfs,srstaklegaYarsemslktkannaWveranauWsynlegtvegna  starfsemifyrirtkisinsbWihrlendisogerlendis.    j.(78.gr.i.) S+!   httavegna_;h;flegrar_Ԁ_vogunar_. " ߒ  _Fjrmlafyrirtki_ԀskalhafaskjalfestastefnuogferlatilaWgreina,stUraogvaktahttu # semhlUstaf;h;flegri_vogun_.meWal_httuvsa_Ԁum;h;flega_vogun_Ԁertreikningur_vog  $ unarhlutfalls_Ԁogmisrmimillieignaog_skuldbindinga_Ԁ_fjrmlafyrirtkis_. !W%   _Fjrmlafyrirtki_ԀskalmeWhndlahttuvegna_;h;flegrar_Ԁ_vogunar_ԀmeWvarfrnumhtti J""& ogtakatillittilmgulegraraukinnarhttuvegnalkkunareiginfvegna_vnts_ԀeWa_inn #' leysts_ԀtapssamrmiviWgildandi_reikningsskilareglur_.0YvaugnamiWiskal_fjrmlafyrir #( tki_ԀgetastaWiWafsr;lka_lagsatburWi_Ԁsemtengdireruhttuaf;h;flegri_vogun_. $ )   v%N!*   & ,  k.(79.gr.) (   EftirlitmeWmeWhndlun_httuYtta_.  4  _FjrmlaeftirlitiW_ԀhefureftirlitmeWYvaW_fjrmlafyrirtki_ԀfarieftirYeimkrfumog  skyldum',(semkveWiWerum78.gr.a!78.gr.gog78.gr.iogskalfylgjastmeWYvaW a fyrirtki_meWhndli_Ԁsrhvern_httuYtt_ԀsemYargreinirsamrmiviWkvWinogkomi T, _skjalfestum_Ԁinnriferlum_fjrmlafyrirtkis_Ԁframkvmd._Fjrmlaeftirlitinu_ԀerheimiltaW  setjareglurummeWhndlunsrhvers_httuYttar_ԀsamkvmtYessarimlsgreintilaWtfra  nnarskyldur_fjrmlafyrirtkja_Ԁskv.78.gr.a!78.gr.gog78.gr.i.     _FjrmlaeftirlitiW_ԀogSeWlabanki0slandsfarameWeftirlitmeWYvaW_fjrmlafyrirtki_  X uppfyllikrfurogskyldurvegna_lausafjrhttu_,sbr.78.gr.h,einsognnargreinirYessari K #  mlsgrein.SeWlabankinnseturreglurumlaustfogstWugafjrmgnun_lnastofnana_Ԁog    hefureftirlitmeWYeimsamkvmtlgumumSeWlabanka0slands.EftirlitmeWYvaW_fjr    mlafyrirtki_,nnurenlnastofnanir,farieftirkrfumogskyldumskv.78.gr.herhndum   _Fjrmlaeftirlitsins_.HiWsamaviWumannaWeftirlitmeWlnastofnunumenYaWsemSeWla wO  bankinnviWhefurgrundvellireglnaumlaustfogstWugafjrmgnun.SeWlabanki0slands B  og_FjrmlaeftirlitiW_ԀskuluviWhafa_reglubundna_ԀsamvinnuvegnaeftirlitsmeW_lausafjrhttu_    _fjrmlafyrirtkja_._Fjrmlaeftirlitinu_Ԁerheimilt,aWundangengnusamrWiviWSeWlabanka   0slands,aWsetjareglurumframkvmd_lausafjrstUringar_ԀtilaWtfrannarskyldurskv.78. {  gr.h. nF @!30.gr.    eftir84.gr.lagannakomasexnUjargreinar,84.gr.a!84.gr.f,samtfyrirsgnum,  svohlj;Wandi: r   a.(84._gr._Ԁa.) 0   _Eiginfjraukar_ԀogsamanlgWkrafaum_eiginfjrauka_.  d  TilviWb;tarviWlgmark_eiginfjrgrunns_Ԁskv.1.mgr.84.gr.skal_fjrmlafyrirtki_Ԁhafa  _eiginfjrauka_ԀsamrmiviW84.gr.b!84.gr.e.Til_eiginfjrauka_ԀereinungisheimiltaWtelja i _eiginfjrliWi_Ԁsemteljasttil_eiginfjrYttar_ԀAskv.5.mgr.84.gr. \4   :heimilteraW_tvtelja_Ԁ_eiginfjrliWi_ԀmeWYeimhttiaWnUtaeigiWfskv.84.gr.b!84.gr. ' etilaWmta_eiginfjrkrfu_Ԁ_Fjrmlaeftirlitsins_Ԁgrundvellia-liWar1.mgr.84.gr.    _Eiginfjraukar_ԀbtastviW_lgmarkseiginfjrgrunn_Ԁskv.1._mlsl_.1.mgr.84.gr.ogtil  viWb;tarviW_eiginfjrkrfu_Ԁskv.a-liW1.mgr.84.gr.S_fjrmlafyrirtki_ԀskyltaWviWhalda `  einumeWafleirumYeirra_eiginfjrauka_ԀsemkveWiWerum84.gr.b!84.gr.emyndars S+! skyldasamanlagWakrfuum_eiginfjrauka_._Eiginfjraukar_ԀbtastYannigviWkrfuskv.1. " _mlsl_.1.mgr.84.gr.oga-liW1.mgr.84.gr.svoaWfyrstmyndastskyldatilYessaWviWhalda # eiginftilYessaWuppfylla_eiginfjrkrfu_Ԁvegna_eiginfjrauka_Ԁvegna_kerfishttu_,Y_eigin  $ fjrauka_Ԁfyrirkerfislegamikilvg_fjrmlafyrirtki_,sWan_sveiflujfnunarauka_ԀogaWlokum !W% _verndunarauka_.Samanlagtgildi_eiginfjraukanna_ԀmyndarYannigsamanlagWakrfuum_eigin J""& fjrauka_. #'   Xrttfyrir3.mgr.,YeimtilvikumYegar_fjrmlafyrirtki_ԀberbWiaWviWhalda_eigin #( fjrauka_Ԁvegna_kerfishttu_,sbr.84.gr.b,og_eiginfjrauka_Ԁfyrirkerfislegamikilvg_fjr $ ) mlafyrirtki_,sbr.84.gr.c,skals_eiginfjrauki_Ԁsemhrriergilda.0YeimtilvikumYarsem v%N!* _eiginfjrauki_Ԁvegna_kerfishttu_,sbr.84.gr.b,tekurtilallrainnlendra_httuskuldbindinga_ A&"+  _fjrmlafyrirtkis_,enekkitil_httuskuldbindinga_ԀWrumrkjumEvr;pska_efnahagssvW  '", isins_,skal&   _eiginfjrkrafa_Ԁgrundvelli84.gr.bleggjastsamanviWkrfuum_eiginfjrauka_Ԁfyrir ( kerfislegamikilvg_fjrmlafyrirtki_Ԁskv.84.gr.c.'(    EfkvrWunertekinumaWfyrirtki,semekkierkerfislegamikilvgt_fjrmlafyrirtki_  entilheyrirsamstWuseminniheldurkerfislegamikilvgt_fjrmlafyrirtki_ԀogYvberaW a viWhalda_eiginfjrauka_Ԁfyrirkerfislegamikilvg_fjrmlafyrirtki_ԀvegnakvrWunar T, grundvelli4._mlsl_.84.gr.c,skulieinnigviWhalda_eiginfjrauka_Ԁvegna_kerfishttu_Ԁgrund  velli2.mgr.84.gr.bskalsamanlgWkrafaum_eiginfjrauka_Ԁtilfellifyrirtkisinsaldrei  verWalgriensamanlgWkrafatilYessaWviWhalda_eiginfjrauka_Ԁskv.84.gr.dog84.gr.e   ogYeim_eiginfjrauka_Ԁsemhrrierskv.84.gr.beWa84.gr.c.0YeimtilvikumYarsem  X _eiginfjrauki_Ԁvegna_kerfishttu_,sbr.84.gr.b,tekurtilallrainnlendra_httuskuldbindinga_ K #  _samstWunnar_,enekkitil_httuskuldbindinga_ԀWrumrkjumEvr;pska_efnahagssvWisins_,    skal4.mgr.gilda.      _Fjrmlafyrirtki_ԀsemYegarviWheldur_eiginfjraukum_Ԁskv.84.gr.b!84.gr.eer;heimilt   aWgreiWatarW,breytilegstarfskjrtilstarfsmannaeWaaWrarYr_tgreiWslur_ԀsemverWatil wO  YessaWfyrirtkiWuppfyllirekkilengur_lgmarkskrfur_Ԁumhlutfall_eiginfjrliWa_Ԁundir_eigin B  fjrYtti_ԀAnema_tgreiWslurnar_ԀsusamrmiviWheimildirreglnaum_hmarkstgreiWslu    fjrhW_Ԁsemsettarerugrundvelli7.mgr.Ef_fjrmlafyrirtki_Ԁuppfyllir_eiginfjrkrfur_Ԁskv,   1.mgr.84.gr.enviWheldurekki_eiginfjraukum_Ԁskv.84.gr.b!84.gr.eerYv;heimiltaW {  greiWatarWeWabreytilegstarfskjrtilstarfsmannaeWaframkvmaaWrarYrgreiWslureWa nF aWgerWirsemhafahriftillkkunar_eiginfjrgrunni_Ԁumfram_hmarkstgreiWslufjrhW_ 9 samkvmtreglumsem_FjrmlaeftirlitiW_Ԁsetur.    _FjrmlaeftirlitiW_Ԁseturreglurum_hmarkstgreiWslufjrhW_Ԁogtakmarkanir_tgreiWslum_  _fjrmlafyrirtkja_ԀarWitilhluthafa,breytilegumstarfskjrumtilstarfsmannaogWrumsam r brilegumgreiWslumYegar_fjrmlafyrirtki_ԀuppfyllirekkiaWfullukrfutilYessaWviWhalda e= _eiginfjrauka_Ԁskv.84.gr.b!84.gr.e.0reglunumskalkveWiWumhvernigheimildirtil 0 _tgreiWslna_ԀskerWastog_hmarkshlutfall_ԀYeirra.    b.(84._gr._Ԁb.) i   _Eiginfjrauki_Ԁvegna_kerfishttu__._ \4 F  _Fjrmlaeftirlitinu_ԀerheimiltaWkveWaum_eiginfjrauka_Ԁvegna_kerfishttu_Ԁoggildihans ' aWundangengnumtilmlumfr_fjrmlastWugleikarWi_.Tilmli_fjrmlastWugleikarWs_  skulueinkumbyggjasttillgumoggreiningu_kerfishttunefndar_,sbr.lgum_fjrmla  stWugleikarW_,nr.66/2014.Ef_eiginfjrauki_Ԁvegna_kerfishttu_Ԁersetturskal_fjrmla `  stWugleikarW_ԀendurskoWatilmlisninnantveggjarafrYvaWYaukomutilframkvmda. S+! Tilmli_fjrmlastWugleikarWs_ԀogkvrWun_Fjrmlaeftirlitsins_ԀumaWkveWaum_eigin " fjrauka_Ԁvegna_kerfishttu_,lkkuneWahkkunhans,skalrkstuddogbirtopinberlega,Y; # aWteknutillititil58.gr.lagaYessaraog10.gr.laganr.66/2014,um_fjrmlastWugleikarW_.  $   HeimilteraWkveWaumaWeitteWafleiri_fjrmlafyrirtki_ԀviWhaldi_eiginfjrauka_Ԁvegna !W% _kerfishttu_.HgteraWkveWaumaW_eiginfjrauki_Ԁvegna_kerfishttu_ԀtakimiWaf_sam J""& stWugrunni_ԀeWaeinstakafyrirtkjuminnansamstWu_fjrmlafyrirtkisins_._Eiginfjrauki_ #' vegna_kerfishttu_ԀskaltakamiWaf_;sveiflutengdri_Ԁhttu_fjrmlakerfinu_,heildeWaaW #( hluta,sem;gnaWgetur_fjrmlastWugleika_ԀeWahaftalvarlegarafleiWingarfyrir_raunhag $ ) kerfiW_._Eiginfjrauka_Ԁvegna_kerfishttu_ԀmeinnigkveWavegnaerlendra_httuskuldbind v%N!*  inga_Ԁ_fjrmlafyrirtkis_ԀrkjumutanEvr;pska_efnahagssvWisins_.HgteraWkveWaum A&"+ & a  mishttgildi_eiginfjrauka_Ԁvegna_kerfishttu_Ԁgagnvarteinstkum_fjrmlafyrirtkjum_Ԁef ( _eiginfjrauki_ԀerkveWinntilYessaWmtamismunandihttu_fjrmlakerfinu_.  'a(f  _Eiginfjrauka_Ԁvegna_kerfishttu_ԀmkveWasemhlutfallaf_httugrunni_Ԁ_fjrmlafyrir  tkis_,sbr.2.mgr.84.gr.,eWaYeim_httuskuldbindingum_ԀsemhannaWtakatil.Gildihans a geturnumiWfr1%afYeimhlutasemhanntekurtil._FjrmlaeftirlitiW_ԀgeturviWurkennt T, _eiginfjrauka_Ԁvegna_kerfishttu_Ԁsem_eftirlitsstj;rnvald_ԀWrurkiEvr;pska_efnahags  svWinu_ԀhefurkveWiWvegna_httuskuldbindinga_ԀYvrkioglagthann_fjmlafyrirtki_  hrlandief_fjrmlafyrirtkiW_ԀermeWstarfsemirkinuog_eiginfjrauki_Ԁvegna_kerfishttu_   YarlandinrtilYeirrarstarfsemi.  X   Uppfylli_fjrmlafyrirtki_ԀekkikrfurYessarargreinarumaWviWhalda_ngjanlegu_Ԁeigin K #  fvegna_eiginfjrauka_Ԁvegna_kerfishttu_Ԁogtakmarkanir_tgreiWslum_Ԁskv.6.mgr.84.gr.    aeruekkitaldardugatilYessaWstyrkja_eiginfjrgrunn_ԀfyrirtkisinseinsogkveWiWerum    kvWinugetur_FjrmlaeftirlitiW_ԀgripiWtileftirfarandiaWgerWagagnvartfyrirtkinu:   ! ! q(b 20"i(m"  i(mz2b   1  .3  Ԉ0    AfturkallaWstarfsleyfi_fjrmlafyrirtkis_ԀheildeWaaWhlutaskv.10._tlul_.1.mgr.9.gr.i(mz݌wO  Ќ  "i(m"  i(m2b   2  .3  Ԉ0    Mltfyrirumkrfurskv.a!eliW1.mgr.84.gr.i(m*݌B  Ќ  "i(m"  i(m2b   3  .3  Ԉ0    AukiWkrfurtil_fjrmlafyrirtkis_,endasumaWrWaannarskonar_fjrmlafyrirtki_    enYausemhafastarfsleyfiskv.1.!3._tlul_.1.mgr.4.gr.,sbr.6.gr.,umaWviWhalda   lausufog/eWaauknuhlutfalliYess.i(m=݌{  Ќ  "i(m"  i(me2b   4  .3  Ԉ0    :skaWeftirYvviWSeWlabanka0slands,YeimtilvikumYarsemumrWirfyrirtkimeW nF starfsleyfiskv.1.!3._tlul_.1.mgr.4.gr.,sbr.6.gr.,aWkrfurtil_fjrmlafyrirtkisins_ 9 umaWviWhaldalausufoghlutfalliYessverWiauknar.i(me݌ Ќ    RWherraseturreglugerW,eftirumsgn_fjrmlastWugleikarWs_,umnnariframkvmd  Yessarargreinar.ReglugerWinskalm.a.innihaldannarireglurummlsmeWferWskv.1.mgr., r umaWkomu_kerfishttunefndar_Ԁog_fjrmlastWugleikarWs_ԀaWtilmlumogkvrWun_Fjr e= mlaeftirlitsins_Ԁum_eiginfjraukann_,uminnihaldogbirtingutilmlaogkvrWunarumaW 0 kveWaum_eiginfjraukann_ԀognnarireglurumrkstuWningtilmlaogkvrWunar,gildi  _eiginfjraukans_ԀognnarimlsmeWferWogsamskiptiviWerlendar_eftirlitsstofnanir_Ԁefhlutfall  _eiginfjrauka_Ԁvegna_kerfishttu_ԀerkveWiWhrraen3%eWa5%af_httugrunni_Ԁ_fjrmla i fyrirtkis_ԀeWasemhlutfallafYeim_httuskuldbindingum_Ԁsemhanntekurtil.XhefurrW \4 herraeinnigheimildtilYessaWkveWannarumheimildtilviWurkenningar_eiginfjrauka_ ' vegna_kerfishttu_ԀWrumrkjumsmureglugerW.    c.(84._gr._Ԁc.) `    _Eiginfjrauki_Ԁfyrirkerfislegamikilvg_fjrmlafyrirtki_. S+!   _Fjrmlaeftirlitinu_ԀerheimiltaWkveWaum_eiginfjrauka_Ԁfyrirkerfislegamikilvg_fjr " mlafyrirtki_ԀoggildihansaWundangengnumtilmlumfr_fjrmlastWugleikarWi_.Tilmli # _fjrmlastWugleikarWs_Ԁskulueinkumbyggjasttillgumoggreiningu_kerfishttunefndar_,  $ sbr.lgum_fjrmlastWugleikarW_,nr.66/2014._Eiginfjrauki_Ԁfyrirkerfislegamikilvg_fjr !W% mlafyrirtki_ԀgeturnumiWalltaW2%af_httugrunni_,sbr.2.mgr.84.gr.kvrWunumaW J""& setja_eiginfjraukann_ԀoggildihansskalendurskoWarlegaogber_Fjrmlaeftirlitinu_ԀaW #' ;skaeftirumsgn_fjrmlastWugleikarWs_ԀfyrirbreytingukvrWuninni.ViWkvrWunum #( hvaWa_fjrmlafyrirtki_ԀskuluviWhalda_eiginfjrauka_ԀsamkvmtYessarigreinskalbyggt $ ) skilgreiningu_fjrmlastWugleikarWs_ԀkerfislegamikilvgumaWilumskv.d-liW2.mgr.4. v%N!* gr.laganr.66/2014,um_fjrmlastWugleikarW_.HgteraWkvarWaaW_eiginfjraukinn_Ԁtaki A&"+ miWaf_samstWugrunni_ԀfyrirtkisinseWatiltekinnaflagainnansamstWu.Umsgn_fjrmla  '", stWugleikarWs_ԀogkvrWun_Fjrmlaeftirlitsins_ԀumaWkveWaum_eiginfjrauka_Ԁfyrir '#- kerfislegamikilvg_fjrmlafyrirtki_,lkkuneWahkkunhans,skalrkstuddogbirt ( opinberlega,Y;aWteknutillititil58.gr.lagaYessaraog10.gr.laganr.66/2014,um_fjr  mlastWugleikarW_.RWherraseturreglugerW,eftirumsgn_fjrmlastWugleikarWs_,um  nnariframkvmdYessarargreinar.ReglugerWinskalm.a.innihaldannarireglurum a mlsmeWferWogsamskiptiviWerlendar_eftirlitsstofnanir_Ԁoginnihald,rkstuWningogbirtingu T, tillguogkvrWunarumaWsetja_eiginfjrauka_Ԁfyrirkerfislegamikilvg_fjrmlafyrirtki_.    d.(84.gr.d.)     _Sveiflujfnunarauki_.  X   _Fjrmlaeftirlitinu_ԀerheimiltaWkveWaum_sveiflujfnunarauka_ԀoggildihansaWundan K #  gengnumtilmlumfr_fjrmlastWugleikarWi_._FjrmlastWugleikarW_Ԁskalrsfj;rWungs    legaleggjaframtilmliumhvorttilefnistilYessaW_fjrmlafyrirtki_ԀviWhaldi_sveiflu    jfnunarauka_ԀoghvertgildihanseigiaWverafyrirhvernrsfj;rWungnstat;lfmnaWa   tmabili.Tilmli_fjrmlastWugleikarWs_Ԁskulueinkumbyggjasttillgumoggreiningu wO  _kerfishttunefndar_,sbr.lgum_fjrmlastWugleikarW_,nr.66/2014.HeimilteraWkveWa B  um_sveiflujfnunarauka_ԀoggildihansmeWstyttri_tmafresti_Ԁenskv.2._mlsl_.ef;venjulegar    aWstWurskapast_fjrmlamarkaWi_ԀogskalYaWYsrstaklegarkstutt.Tilmli_fjrmla   stWugleikarWs_ԀogkvrWun_Fjrmlaeftirlitsins_ԀumaWkveWaum_sveiflujfnunarauka_, {  lkkuneWahkkunhans,skalrkstuddogbirtopinberlega,Y;aWteknutillititil58.gr.laga nF Yessaraog10.gr.laganr.66/2014,um_fjrmlastWugleikarW_. 9   Gildi_sveiflujfnunarauka_ԀerhgtaWkveWasem0!2,5%af_httugrunni_,sbr.2.mgr.84.  gr._Fjrmlaeftirlitinu_ԀerheimiltaWkveWaum_sveiflujfnunarauka_Ԁsemerhrrien2,5%af  _httugrunni_ԀaWundangengnumtilmlumfr_fjrmlastWugleikarWi_Ԁef_httuYttir_Ԁsem r liggjatilgrundvallarmati_fjrmlastWugleikarWs_Ԁgildi_sveiflujfnunarauka_Ԁgefatilefnitil. e=   ViWtreikningeiginfjrsemviWhaldaskalsamkvmtYessarigreinskalltatil_vegins_ 0 meWaltalsYeirra_sveiflujfnunarauka_Ԁsem_fjrmlafyrirtki_ԀerskyltaWviWhaldavegnastarf  semisinnarerlendisogreglnasem_FjrmlaeftirlitiW_Ԁseturumtreikninghlutfalls_sveiflu  jfnunarauka_._Sveiflujfnunarauka_ԀskaleinnigviWhaldiW_samstWugrunni_.AWundangeng i innitillgufr_fjrmlastWugleikarWi_Ԁer_Fjrmlaeftirlitinu_ԀheimiltaWkveWaumgildi \4 _sveiflujfnunarauka_Ԁvegna_httuskuldbindinga_Ԁ_fjrmlafyrirtkja_ԀrkjumutanEvr;pska ' _efnahagssvWisins_.AWundangenginnitillgufr_fjrmlastWugleikarWi_Ԁer_Fjrmlaeftir  litinu_ԀheimiltaWkveWaumgildi_sveiflujfnunarauka_Ԁfyrir_fjrmlafyrirtki_Ԁsemkomafr  rkjumutanEvr;pska_efnahagssvWisins_Ԁoghafastarfsemihrlandi._FjrmlaeftirlitiW_Ԁbirt `  ir_heimasWu_Ԁsinnihlutfall_sveiflujfnunarauka_ԀWrumrkjum._FjrmlaeftirlitiW_Ԁsetur S+! nnarireglurumm.a.treikning_sveiflujfnunarauka_Ԁfyrir_fjrmlafyrirtki_ԀogviWurkenn " inguhlutfalls_sveiflujfnunarauka_Ԁfyrirnnurrki. #   _Fjrmlafyrirtki_ԀmeWstarfsleyfisemverWbrfafyrirtki,verWbrfamiWluneWa_rekstrar  $ flag_Ԁ_verWbrfasj;Wa_Ԁskv.5.,6.eWa7._tlul_.1.mgr.4.gr.,sbr.6.gr.,erundanskiliWskyldu !W% tilYessaWviWhalda_sveiflujfnunarauka_Ԁskv.1.mgr.efYaWuppfyllirlleftirtalinskilyrWi: J""& ! ! q(b 22q"i(m"  i(m 2b   1  .3  Ԉ0    rsverkfyrirtkisinserufrrien250.i(m  ݌#' Ќ  "i(m"  i(m 2b   2  .3  Ԉ0    rsveltafyrirtkisinssamkvmt_rsreikningi_ԀferekkiyfirjafnvirWi50millj;na_evra_Ԁ #( slenskumkr;num.i(m  ݌$ ) Ќ  "i(m"  i(mr2b   3  .3  Ԉ0    Eignirsamkvmt_rsreikningi_ԀfaraekkiyfirjafnvirWi43millj;na_evra_Ԁslenskum v%N!* kr;num.i(mr݌A&"+ Ќ    RWherraseturreglugerW,eftirumsgn_fjrmlastWugleikarWs_,umnnariframkvmd  '", Yessarargreinar.0reglugerWinniskalsrstaklegakveWiWumaWkomuSeWlabanka0slands, '#- _kerfishttunefndar_Ԁog_fjrmlastWugleikarWs_ԀaWkvrWunumaWkveWaum_sveiflu ( jfnunarauka_,gildi_sveiflujfnunarauka_,opinberabirtinguogrkstuWningfyrirtillguog  kvrWun,&  hvaWaviWmiWog_httuYttir_ԀliggjatilgrundvallarkvrWunumhlutfall_sveiflu  jfnunarauka_.' a   e.(84._gr._Ԁe.)    _Verndunarauki_.    _Fjrmlafyrirtki_ԀskalviWhalda_eiginfjrauka_Ԁsemnefnist_verndunarauki_._Verndunar   aukinn_Ԁskalnema2,5%af_httugrunni_,sbr.2.mgr.84.gr.,ogskalaukYessviWhaldahonum  X _samstWugrunni_. K #    _Fjrmlafyrirtki_ԀmeWstarfsleyfisemverWbrfafyrirtki,verWbrfamiWluneWa_rekstrar    flag_Ԁ_verWbrfasj;Wa_Ԁskv.5.,6.eWa7._tlul_.1.mgr.4.gr.,sbr.6.gr.,erundanskiliWskyldu    tilYessaWviWhalda_verndunarauka_Ԁskv.1.mgr.efYaWuppfyllirlleftirtalinskilyrWi:   ! ! q(b 22q"i(m"  i(m2b   1  .3  Ԉ0    rsverkfyrirtkisinserufrrien250.i(m%݌wO  Ќ  "i(m"  i(m2b   2  .3  Ԉ0    rsveltafyrirtkisinssamkvmt_rsreikningi_ԀferekkiyfirjafnvirWi50millj;na_evra_Ԁ B  slenskumkr;num.i(m+݌   Ќ  "i(m"  i(m2b   3  .3  Ԉ0    Eignirsamkvmt_rsreikningi_ԀfaraekkiyfirjafnvirWi43millj;na_evra_Ԁslenskum   kr;num.i(m݌{  Ќ    f.(84.gr.f.) 9   tlunumvernduneiginfjr.  j  ViWhaldi_fjrmlafyrirtki_Ԁekki_ngjanlegu_Ԁeiginf,tilsamrmisviWkrfuumsaman  lagWan_eiginfjrauka_Ԁskv.84.gr.a,skalstj;rn_fjrmlafyrirtkis_Ԁtbaogafhenda_Fjrmla r eftirlitinu_ԀtlunumvernduneiginfjrsamrmiviWfyrirmliYessarargreinar. e=   tlunumvernduneiginfjrskalm.a.innihalda: 0 ! ! q(b 22q"i(m"  i(m!2b   1  .3  Ԉ0    tlunumtekjuroggjldfyrirtkisinsogspumYr;un_efnahagsreiknings_ԀYess.i(m!!݌ Ќ  "i(m"  i(m#2b   2  .3  Ԉ0    UpplUsingarumtilhvaWarrWafyrirtkiWmunigrpatilYessaWhkkaeiginfjr  hlutfallsitt.i(m#;#݌i Ќ  "i(m"  i(mq$2b   3  .3  Ԉ0    TmasettatlunumYaWhvernigfyrirtkiWrWgeriraWhkkaeiginfjrhlutfallsitt \4 YannigaWYaWuppfyllinUskilyrWi84.gr.aumaWviWhalda_eiginfjrauka_.i(mq$$݌' Ќ  "i(m"  i(mH&2b   4  .3  Ԉ0    AWrarupplUsingarsem_FjrmlaeftirlitiW_ԀtelurnauWsynlegartilYessaWleggjamat  _tlunina_.i(mH&u&݌ Ќ    tlunumvernduneiginfjrskalafhent_Fjrmlaeftirlitinu_Ԁinnanfimmvirkradagafr `  YvaWlj;steraWeigiWff;rniWurfyrirleyfilegmrkskv.84.gr.a._FjrmlaeftirlitiW_Ԁgetur S+! veittfimmdagaviWb;ta_rfrest_ԀtilaWafhenda_tlunina_. "   _FjrmlaeftirlitiW_Ԁleggurmat_tlunina_ԀsamrmiviWfyrirmliYessarargreinar.tlun # umvernduneiginfjrskalsamYykkteftaliWerlklegtaWhnkomiYvtilleiWaraW_fjrmla  $ fyrirtki_ԀniaWuppfylla_eiginfjrkrfu_Ԁskv.84.gr.ainnanviWeiganditmamarka. !W%   SamYykki_FjrmlaeftirlitiW_Ԁekki_tlunina_Ԁgrundvelli4.mgr.geturYaW: J""& ! ! q(b 22q"i(m"  i(m-2b   1  .3  Ԉ0    MltfyrirumaW_fjrmlafyrirtkiW_Ԁauki_eiginfjrgrunn_Ԁsinnumtilskilinmrkinnan #' _tmafrests_Ԁsem_FjrmlaeftirlitiW_ԀkveWur.i(m-K-݌#( Ќ  "i(m"  i(m/2b   2  .3  Ԉ0    TakmarkaWfrekar_tgreiWslur_ԀumframYaWsemkveWiWerumreglumsem_Fjrmla $ ) eftirlitiW_Ԁseturskv.7.mgr.84.gr.a.i(m/F/݌v%N!*    A&"+ @ &   31.gr. (   ViW3.mgr.87.gr.lagannabtastYrrnUir_stafliWir_,svohlj;Wandi:    d.0  nfn_d;tturflaga_,starfsemiYeirraoghvarstarfsemiferfram;einnigskalbirtayfirlit  yfirstaWsetningutibaoghvarflagiWveitirYj;nustustarfseminstofnunar_tibs_ a Wrumrkjum,T,   e.0  yfirlityfirhverskonarstyrkieWa_niWurgreiWslur_,ogfjrhWYeirra,semflagiWhefur  YegiWfrhinuopinbera,   f.0  arWsemieigna_lykiltlum_Ԁ_rsreikningsins_;meWarWsemieignaerttviWhagnaWf   lagsinseftirskattasemhlutfallaf_meWalstWu_Ԁeignatmabilinusamkvmt_efnahags  X reikningi_.'( 1K #  @!32.gr.      EftirfarandibreytingarverWa3.mgr.93.gr.laganna:   ! ! (g02q"i(m"  i(m.72g  a  .3  Ԉ0    0staWorWsins?d;tturfyrirtki tvvegiskemur:_d;tturflg_.i(m.7[7݌wO  Ќ  "i(m"  i(m|82g  b  .3  Ԉ0    OrWin?skv.97.gr. fallabrott.i(m|88݌B  Ќ   (g00@!33.gr.     EftirfarandibreytingarverWa2.mgr.94.gr.laganna: {  "i(m"  i(m:2g  a  .3  Ԉ0    0staWorWsins?d;tturfyrirtki tvvegiskemur:_d;tturflg_.i(m::݌nF Ќ  "i(m"  i(m;2g  b  .3  Ԉ0    OrWin?skv.97.gr. fallabrott.i(m; <݌9 Ќ  @!34.gr.    EftirfarandibreytingarverWa97.gr.laganna: r ! ! (g00"i(m"  i(m >2g  a  .3  Ԉ0    1.!8.mgr.fallabrott.i(m >6>݌e= Ќ  "i(m"  i(m>2g  b  .3  Ԉ0    0staWorWsins?_m;Wurfyrirtki_ 9.mgr.ogorWsins?_m;WurfyrirtkiW_ 10.og11.mgr. 0 kemur:_m;Wurflag_;og:_m;WurflagiW_.i(m>,?݌ Ќ  @!35.gr. i   0staW_tilvsunarinnar_Ԁ?2.mgr.,4._mlsl_.3.mgr.og4.!6.mgr.52.gr. _lokamlsliW_Ԁ4.mgr. \4 101.gr.lagannakemur:2.mgr.og4._mlsl_.3.mgr.52.gr.og52.gr.a. ' @!36.gr.    0staWorWsins?d;tturfyrirtkjum 2._mlsl_.1.mgr.og3.mgr.107.gr.lagannakemur: `  _d;tturflgum_. S+! @!37.gr. #   EftirfarandibreytingarverWa109.gr.laganna:  $ ! ! (g00"i(m"  i(m E2g  a  .3  Ԉ0    0staWorWsins?_m;WurfyrirtkiW_ 1.og2._mlsl_.1.mgr.kemur:_m;WurflagiW_.i(m E9E݌!W% Ќ  "i(m"  i(mF2g  b  .3  Ԉ0    3._mlsl_.1.mgr.orWastsvo:kvWi52.gr.og52.gr.aum_hfisskilyrWi_Ԁstj;rnarog J""& framkvmdastj;raognnurstrfstj;rnarmanna,kvWi57.gr.a!57.gr.fum_starfs #' kjarastefnu_ԀogbreytilegstarfskjrogkvWi84.og85.gr.umeigiWfgildaeinnigum #( _eignarhaldsflg_Ԁ_fjrmlasviWi_.i(mFF݌$ ) Ќ  "i(m"  i(mI2g  c  .3  Ԉ0    eftir4.mgr.kemurnUmlsgrein,svohlj;Wandi:i(mII݌v%N!* Ќ    0     v _FjrmlaeftirlitiW_ԀgeturkveWiWaWflagskuliteljasthlutiafsamstWu_fjrmlafyrir A&"+  tkis_ԀYegar_fjrmlafyrirtkiW_ԀhefurrWandihrifflagiW. '", "i(m"  i(mVL2g  d  .3  Ԉ0    & a  ViWbtistnUmlsgrein,svohlj;Wandi:i(mVLL݌( Ќ    0     v _FjrmlaeftirlitiW_ԀseturreglurumeftirlitmeW_fjrmlafyrirtkjum_Ԁ_samstWugrunni_. 'a(L@!38.gr. a   EftirfarandibreytingarverWa1.mgr.110.gr.laganna: T, ! ! (g00"i(m"  i(mO2g  a  .3  Ԉ0    0staWorWsins?_httum_ 15._tlul_.kemur:_httuskuldbindingum_.i(mOO݌ Ќ  "i(m"  i(mWQ2g  b  .3  Ԉ0    19._tlul_.fellurbrott.i(mWQQ݌ Ќ  "i(m"  i(mkR2g  c  .3  Ԉ0    0staWorWanna?um_upplUsingaskyldu_, 22._tlul_.kemur:um_upplUsingaskyldu_Ԁog   viWvarandimathfieigandavirkra_eignarhluta_.i(mkRR݌ X Ќ  "i(m"  i(muT2g  d  .3  Ԉ0    0staW_tilvsunarinnar_Ԁ?2.,3.,4.og7.mgr.52.gr. 23._tlul_.kemur:2.,3.og5.mgr.52. K #  gr.og52.gr.a.i(muTT݌   Ќ  "i(m"  i(m#V2g  e  .3  Ԉ0    0staW_tilvsunarinnar_Ԁ?52.gr.b 24._tlul_.kemur:52.gr.c.i(m#VPV݌   Ќ  "i(m"  i(mW2g  f  .3  Ԉ0    0staW_tilvsunarinnar_Ԁ?52.gr.c 25._tlul_.kemur:52.gr.d.i(mWW݌  Ќ  "i(m"  i(mX2g  g  .3  Ԉ0    0staW_tilvsunarinnar_Ԁ?2.og3.mgr. 27._tlul_.kemur:4.og5.mgr.i(mX"Y݌wO  Ќ  "i(m"  i(meZ2g  h  .3  Ԉ0    0staWtilvsunar?2.og3.mgr. 28._tlul_.kemur:1.!3.mgr.i(meZZ݌B  Ќ  "i(m"  i(m[2g  i  .3  Ԉ0    31._tlul_.orWastsvo:57.gr.aum_starfskjarastefnu_,57.gr.bumstarfsreglurum    breytilegstarfskjr,57.gr.cumhmarkbreytilegrastarfskjara,57.gr.dumsamsetn   inguogfrestunbreytilegrastarfskjaraeWa57.gr.eum_afturkllun_Ԁog_endurkrfu_Ԁbreyti {  legrastarfskjara.i(m[[݌nF Ќ  "i(m "  i(mh^2g  j  .3  Ԉ0    0staW_tilvsunarinnar_Ԁ?57.gr.b 32._tlul_.kemur:57.gr.f.i(mh^^݌9 Ќ  @!39.gr.    EftirfarandibreytingarverWa1.mgr.112.gr.blaganna: r ! ! (g00 "i(m"  i(ma2g  a  .3  Ԉ0    0staWorWsins?_httum_ 11._tlul_.kemur:_httuskuldbindingum_.i(ma/a݌e= Ќ  "i(m"  i(mb2g  b  .3  Ԉ0    14._tlul_.fellurbrott.i(mbb݌0 Ќ  "i(m"  i(mc2g  c  .3  Ԉ0    0staWorWanna?um_upplUsingaskyldu_ 15._tlul_.kemur:um_upplUsingaskyldu_Ԁog  viWvarandimathfieigandavirkra_eignarhluta_.i(mcc݌ Ќ  "i(m"  i(me2g  d  .3  Ԉ0    0staW_tilvsunarinnar_Ԁ?2.og3.mgr. 16._tlul_.kemur:4.og5.mgr.i(mee݌i Ќ  "i(m"  i(mg2g  e  .3  Ԉ0    20._tlul_.orWastsvo:57.gr.aum_starfskjarastefnu_,57.gr.bumstarfsreglurum \4 breytilegstarfskjr,57.gr.cumhmarkbreytilegrastarfskjara,57.gr.dumsamsetn ' inguogfrestunbreytilegrastarfskjaraeWa57.gr.eum_afturkllun_Ԁog_endurkrfu_  breytilegrastarfskjara.i(mgIg݌ Ќ  "i(m"  i(mi2g  f  .3  Ԉ0    0staW_tilvsunarinnar_Ԁ?57.gr.b 21._tlul_.kemur:57.gr.f.i(mij݌`  Ќ  @!40.gr. "   eftir116.gr.lagannakemurnUgrein,116.gr.a,samtfyrirsgn,svohlj;Wandi: #   _UpplUsingaskylda_Ԁvegnaknnunar-og_matsferlis_.  $ k  _FjrmlaeftirlitiW_ԀskalbirtaopinberlegaYaualmennuviWmiWogaWferWafrWisemstofn !W% uninstyWstviWvegnaknnunar-og_matsferlis_. J""& @!41.gr. #(   eftirorWunum?93/6/EBEumeigiWf_fjrfestingarfyrirtkja_Ԁog_lnastofnana_ 1._mlsl_. $ ) 117.gr.lagannakemur:2002/87/EBum_viWb;tareftirlit_ԀmeWlnastofnunum,_vtrygginga v%N!* flgum_Ԁog_verWbrfafyrirtkjum_Ԁsemeruhlutiaf_fjrmlasamsteypu_Ԁogumbreytingu A&"+ _tilskipunum_ԀrWsins73/239/EBE,79/267/EBE,92/49/EBE,92/96/EBE,93/6/EBEog93/22/  '", EBEog_tilskipunum_Ԁ_Evr;puYingsins_ԀogrWsins98/78/EBog2000/12/EB. '#- Ї@!42.gr. (   eftir117.gr.lagannakomatvrnUjargreinar,117.gr.aog117.gr.b,samtfyrir  sgnum,svohlj;Wandi:  & a   a.(117.gr.a.) T,   _InnleiWing_ԀreglugerWar_Evr;puYingsins_ԀogrWsins(_ESB_)nr.575/2013.  'aT7rxr  RWherraskalsetjareglugerWsem_innleiWir_ԀkvWireglugerWar_Evr;puYingsins_ԀogrWsins  (_ESB_)nr.575/2013,um_varfrniskrfur_Ԁvegnastarfsemi_lnastofnana_Ԁog_fjrfestingarfyrir   tkja_.0reglugerWinniskalkveWiWumhvernigfariWverWurmeWeftirlitsamkvmtreglugerW  X (_ESB_)nr.575/2013ogjafnframtskalkomaframhvernigval-og_heimildarkvWum_Ԁhennar K #  erbeitthrlandi.      b.(117._gr._Ԁb.)     _InnleiWing_Ԁtknilegra_framkvmdarstaWla_Ԁogtknilegra_eftirlitsstaWla_Ԁslenskanrtt. wO  v  RWherraskalsetjareglugerWumnnaritfrslubirtingu_Fjrmlaeftirlitsins_ԀYeirriaW B  ferWafrWiogYeimalmennuviWmiWumsemstofnuninstyWstviWvegnaknnunar-og_mats    ferlis_,sbr.116.gr.a.ReglugerWinskalbyggjasttknilegum_framkvmdarstaWli_ԀEvr;psku   _bankaeftirlitsstofnunarinnar_Ԁumsamrmdar_gagnsisskyldur_Ԁ_eftirlitsstofnana_. {    _FjrmlaeftirlitiW_Ԁskalsetjareglursembyggjasttknilegum_framkvmdarstWlum_ԀEvr nF ;psku_bankaeftirlitsstofnunarinnar_.ReglurnarvarWannaritfrslueinstkumgreinum 9 lagaYessaraeWaefnireglugerWar_Evr;puYingsins_ԀogrWsins(_ESB_)nr.575/2013,um_var  frniskrfur_Ԁvegnastarfsemi_lnastofnana_Ԁog_fjrfestingarfyrirtkja_,sem_innleidd_Ԁergrund  velli117.gr.a.Reglurnarskulum.a.takatil: r ! ! (g00"i(m"  i(ml~2g  a  .3  Ԉ0    _gagnaskila_Ԁvegnai)treikninga_eiginfjrkrfum_Ԁogst;rum_httuskuldbindingum_,ii) e= fjrhagslegraupplUsinga,iii)_fasteignaveWlna_,_iv_)_vogunarhlutfalls_Ԁogv)_veWsetningar_ 0 eignum,i(ml~~݌ Ќ  "i(m"  i(m2g  b  .3  Ԉ0    _gagnsis_Ԁvegna_eiginfjrgrunns_Ԁog_vogunarhlutfalls_,i(mA݌ Ќ  "i(m"  i(m2g  c  .3  Ԉ0    _tilkynninga_Ԁumstarfsemimillilanda,sbr.36.og37.gr.,ogi(m݌i Ќ  "i(m"  i(m2g  d  .3  Ԉ0    _upplUsingagjafar_Ԁmilli_eftirlitsaWila_Ԁheimarkiog_gistirki_,sbr.34.gr.i(m݌\4 Ќ    _FjrmlaeftirlitiW_Ԁskalsetjareglursembyggjasttknilegum_eftirlitsstWlum_ԀEvr;psku ' _bankaeftirlitsstofnunarinnar_.ReglurnarvarWannaritfrslueinstkumgreinumlagaYess  araeWaefnireglugerWar_Evr;puYingsins_ԀogrWsins(_ESB_)nr.575/2013,um_varfrniskrfur_  vegnastarfsemi_lnastofnana_Ԁog_fjrfestingarfyrirtkja_,sem_innleidd_Ԁergrundvelli117.gr. `  a.Reglurnarskulum.a.ntilefnissemvarWar: S+! ! ! (g00"i(m"  i(mC2g  a  .3  Ԉ0    treikning_eiginfjrgrunni_,i(mCp݌" Ќ  "i(m"  i(m\2g  b  .3  Ԉ0    treikning_tlnahttu_,_Y.m.t._Ԁvegna_innramatsaWferWar_Ԁog_yfirfrWrar_Ԁ_tlnahttu_ # vegna_verWbrfunar_,i(m\݌ $ Ќ  "i(m"  i(m2g  c  .3  Ԉ0    treikning_markaWshttu_,_Y.m.t._Ԁvegna_matsaWferWar_Ԁvegna_veltub;kar_,i(m݌!W% Ќ  "i(m"  i(m62g  d  .3  Ԉ0    treikningst;rum_httuskuldbindingum_,i(m6c݌J""& Ќ  "i(m"  i(m^2g  e  .3  Ԉ0    tilkynningarumstarfsemimillilanda,sbr.36.og37.gr.,ogi(m^݌#' Ќ  "i(m"  i(mz2g  f  .3  Ԉ0    _upplUsingagjf_Ԁmilli_eftirlitsaWila_Ԁheimarkiog_gistirki_,sbr.34.gr.i(mz݌#( Ќ  @!43.gr. v%N!*   _LokamlsliWur_Ԁ118.gr.lagannafellurbrott. A&"+    '", @!& a  44.gr. (   0staW_tilvsunarinnar_Ԁ?2.mgr.,4._mlsl_.3.mgr.og4.mgr.52.gr.laganna 3._tlul_.  kvWistilbrWabirgWaVlgunumkemur:2.mgr.'a(ْog4._mlsl_.3.mgr.52.gr.og52.gr.a.  @!& a 45.gr. T,   LgYessiWlastYegargildi.  'aT  kvWib!eliWar30.gr.(84.gr.b!84.gr.e)komatilframkvmdasemhrsegir:  ! ! _ikmo(JT10"i(m"  i(m\2JT  1  .3  Ԉ0    BliWur(84.gr.b)kemurekkitilframkvmdafyrren1.janar2016oggeturgildi   _eiginfjraukans_ԀYhstorWiW5%framtil1.jn2016.i(m\݌ X Ќ  "i(m"  i(m2JT  2  .3  Ԉ0    C-liWur(84.gr.c)kemurekkitilframkvmdafyrren1.janar2016.i(m0݌K #  Ќ  "i(m"  i(m'2JT  3  .3  Ԉ0    D-liWur(84.gr.d)kemurekkitilframkvmdafyrren1.janar2016oggeturgildi    _sveiflujfnunaraukans_ԀYhstorWiW2,5%framtil1.janar2017.i(m'T݌   Ќ  "i(m"  i(mؚ2JT  4  .3  Ԉ0    E-liWur(84.gr.e)kemurekkitilframkvmdafyrren1.janar2016oggeturgildi   _verndunaraukans_ԀYhstorWiW1%framtil1.jn2016og1,75%fr1.jn2016fram wO  aW1.janar2017og2,5%eftirYaW.i(mؚ݌B  Ќ  #dgg  AthugasemdirviW_lagafrumvarp_ԀYetta.#ggd    I.Inngangur.  {    0desember2010kynnti_Basel_Ԅnefndinum_bankaeftirlit_Ԁ(e._Basel_ԀCommitteeonBanking nF Supervision)nUjaralYj;WlegarreglurumeigiWf_fjrmlafyrirtkja_,eWa_Basel_ԀIIIstaWal(e. 9 _Basel_ԀIII:A_global_Ԁregulatoryframeworkformoreresilientbanksandbankingsystems),sem  tlaWeraWbregWastviWveikleikumsemkomubersUnilegalj;skjlfaralYj;Wlega_fjr  mlahrunsins_.Fyrsti_Basel_ԄstaWallinnvarsamYykkturriW1988ogvarendurskoWaWurriW r 2004.MeW_Basel_ԀIIIstaWlinumerufyrristaWlar_endurskoWaWir_ԀaukYesssemYeimertlaWaW e= aukabWimagnoggWieiginfjrmeWYvbtareglurum_eiginfjrgrunn_Ԁ_fjrmlafyrirtkja_, 0 styrkjainnraogytraeftirlitmeW_fjrmlafyrirtkjum_Ԁogbta_httustUringu_ԀYeirra.Megin  markmiWnUrrareglnaeraWgera_fjrmlafyrirtki_ԀbeturstakkbintilYessaWmta_rekstrar  tapi_Ԁogtryggja_fjrmlastWugleika_. i   _Evr;pusambandiW_ԀsamYykktijn2013nUtt_regluverk_Ԁsembyggist_Basel_ԀIIIstaWlinum, \4 meWannarsvegartilskipun2013/36/ESB(e._Directive_Ԁ2013/36/EUofthe_European_ԀParlia ' mentandoftheCouncilof26June2013onaccesstotheactivityof_credit_Ԁinstitutionsand  theprudentialsupervisionof_credit_Ԁinstitutionsandinvestmentfirms,amending_Directive_  2002/87/ECandrepealingDirectives2006/48/ECand2006/49/EC)semalmennterklluW `  _CRD_Ԁ_IV_ԀtilskipuninoghinsvegarmeWreglugerW(_ESB_)nr.575/2013(e._Regulation_Ԁ(_EU_)No S+! 575/2013ofthe_European_ԀParliamentandoftheCouncilof26June2013onprudential " requirementsfor_credit_Ԁinstitutionsandinvestmentfirmsandamending_Regulation_Ԁ(_EU_)No # 648/2012)semalmennterklluW_CRR_ԄreglugerWin.XessarnUjugerWirfelasrheildar  $ endurskoWun_Evr;pusambandsins_Ԁ_regluverki_ԀsviWi_fjrmlamarkaWar_,m.a.hvaWvarWar !W% umgjrWogstarfsemi_fjrmlafyrirtkja_ԀogeftirlitsmeW_fjrmlafyrirtkjum_,oginnleiWa J""& _Basel_ԀIIIstaWalinn_Evr;pulggjf_. #'   MeWfrumvarpiYessuerstefntaWYvaWstgafyrstaskrefiWYvaWaWlagaslenskalg #( gjfsviWi_fjrmlamarkaWa_ԀaW_Basel_ԀIIIstaWlinumognUju_regluverki_Ԁ_Evr;pusambandsins_. $ ) Frumvarptilbreytingalgumum_fjrmlafyrirtki_Ԁvarlagtfram143.lggjafarYingi v%N!* (_Yskj_.883!522.ml)envarekkiafgreitt.FrumvarpYettabyggistumrddufrumvarpien A&"+ hefurveriWtekiWtiltarlegriskoWunaroginnihelduraukYessnUjartillguraWbreytingum  '", lgumum_fjrmlafyrirtki_. '#-   FrumvarpiWvarsamiWfjrmla-og_efnahagsrWuneytinu_ԀogsamrWiviWnefndsem ( rWherraskipaWi17.september2012.Samkvmt_skipunarbrfi_ԀvarnefndinnitlaWaWhuga  aW_innleiWingu_ԀnUjumreglum_Evr;pusambandsins_,_Y.e._Ԁtilskipun2013/36/ESBogreglugerW  (_ESB_)nr.575/2013,umstofnunogstarfsemi_fjrmlafyrirtkja_Ԁog_eftirlitskrfur_Ԁgagnvart a _fjrmlafyrirtkjum_Ԁ_o.fl_.,slenskanrtt.NefndinnivareinnigtlaWaWfarayfirgildandi T, _regluverk_ԀsviWi_fjrmlamarkaWar_Ԁogathugahvortrb;tavriYrf.0nefndinnisitjaLeifur  _Arnkell_ԀSkarphWinsson,lgfrWingurfjrmla-og_efnahagsrWuneytinu_,formaWurnefnd  arinnar,_Elvar_ԀGuWmundsson,srfrWingur_httugreiningu_,ogHjlmarStefnBrynj   ;lfssonlgfrWingur,tilnefndiraf_Fjrmlaeftirlitinu_,GsliSigurbjrn:ttarsson,fram  X kvmdastj;rihj_Arion_Ԁbanka,og_Thomas_ԀSko_Jensen_,forstWumaWur_httustUringar_Ԁhj K #  _MP_Ԁbanka,tilnefndirafSamtkum_fjrmlafyrirtkja_,ogJ;nasX;rWarson,srfrWingur,og    RagnarrniSigurWarsonlgfrWingur,tilnefndirafSeWlabanka0slands.BreytingarhafaorW    iWnefndinniafUmsumstWumennefndinnistuWurHarpaJ;nsd;ttir,Mara_Rriks   d;ttir_,_Oddgeir_Ԁ._Ottesen_,Perlaspsgeirsd;ttir,VilhjlmurBjarnasonogX;rdsSveins wO  d;ttir. B    NefndinkomY;ekkiaWtfrsluallrabreytingannasemlagWarerutilfrumvarpinu.    YaWfyrstogfremstviWumYrbreytingartillgursemtengjastekki_innleiWingu_ԀkvWa   _tilskipunar_Ԁ2013/36/ESBslenskanrtt.XskalYesseinniggetiWaWviWtfrslusumra {  kvWa_tilskipunar_Ԁ2013/36/ESBvoruekkiallirnefndarmennsammlaumbreytingartillgur. nF Mhrhelstnefnabreytingarsemfinnam25.og26.gr.frumvarpsinsum_starfskjarastefnu_ 9 ogbreytilegstarfskjrenfulltrar_SFF_ԀnefndinnivildugangalengraYvaWaWlaga  slenskarregluraWefni_tilskipunarinnar_Ԁogfellat_srslenskar_Ԁreglur.SamaviWum  breytingarsemeraWfinna19.!21.gr.frumvarpsinsumbreytingar52.!54.gr.lagannaen r fulltrar_SFF_ԀnefndinnilgWutilaW_srslenskar_Ԁreglurumstj;rnogstj;rnarhttiyrWufelld e= arrlgunumsamhliWabreytingunumsemfinnamfrumvarpinu. 0  II.Um_CRD_Ԁ_IV_/CRRog_innleiWingu_Ԁslenskanrtt.     NUtt_regluverk_Ԁ_Evr;pusambandsins_ԀumbreytingarlggjfsviWi_fjrmlamarkaWar_Ԁvar i birt_Stj;rnartWindum_Ԁ_Evr;pusambandsins_Ԁ27.jn2013ogt;kgildirkjum_Evr;pusam \4 bandsins_Ԁ17.jl2013.Samkvmttilskipun2013/36/ESBttull_aWildarrki_Ԁ_Evr;pusam ' bandsins_ԀaWinnleiWa_regluverkiW_Ԁ_landsrtt_Ԁfyrir1.janar2014og_fjrmlafyrirtki_Ԁinnri  markaWinumttuaWhltareglunumfrsama_tmamarki_ԀenkveWnarreglurtakagildi  skrefumframtilrsins2019.HelstastWa_heildarendurskoWunar_Ԁ_Evr;pusambandsins_Ԁ `  _regluverki_ԀsnusviWi_fjrmlamarkaWar_Ԁeru_fjrmlaerfiWleikar_Ԁ_aWildarrkja_Ԁsambandsins S+! sWustur. "   Tilskipun2013/36/ESBogreglugerW(_ESB_)nr.575/2013hafaekkiveriWteknarupp # _EES_-samninginnogskUristYaWafYvaWreglugerWir_Evr;pusambandsins_ԀumstofnunnUrra  $ evr;pskra_eftirlitsstofnana_ԀsemgefnarvorutriW2010hafaekkiveriWteknarupp !W% _EES_-samninginn.XaWhefurveriWerfiWleikumbundiWaWtakauppumrddarreglugerWirYar J""& semYeimer_eftirlitsstofnunum_ԀfaliWvaldsemrmastekkiinnan2.gr.stj;rnarskrrlUW #' veldisins0slands,nr.33/1944.SamagiltiumNoregen_valdheimildirnar_Ԁvoruekkitaldar #( rmastinnannorskustj;rnarskrrinnar.FjldikvWatilskipun2013/36/ESBogreglugerW $ ) (_ESB_)nr.575/2013veitaumrddum_eftirlitsstofnunum_ԀtiltekinvldeWaaWkomuaWkvrW v%N!* unum_eftirlitsaWila_Ԁ_aWildarrkjunum_.0slenskstj;rnvldsamtstj;rnvldum_Liechtenstein_ A&"+ ogNoregihafaY;fundiWlausnYessuvandamliogmeWsamkomulagiviWfjrmlarWherra  '", rkja_Evr;pusambandsins_Ԁfr14.okt;ber2014varskrifaWundirviljayfirlUsinguumhvernig '#- _megitakauppumrddarreglugerWirumstofnunevr;pskueftirlitsstofnanannalandsrtt ( EFTArkjannaogmeWYvtakagerWirnaruppEES-samninginnYannigaWYrrmistinnan  heimildastj;rnarskrr0slandsogNoregs.XvergertrWfyriraWumrddarreglugerWirverWi  teknarupp& a EES-samninginnYessuriogkjlfariWverWatilskipun2013/36/ESBog a reglugerW(ESB)nr.575/2013teknaruppEES-samninginn. T, 'aT  XrttfyriraWtilskipun2013/36/ESBogreglugerW(ESB)nr.575/2013hafiekkiveriW  teknaruppEES-samninginnerYaWafturm;tiviljislenskrastj;rnvaldaaWslensklgog  reglurYessumlefnasviWiendurspegliYrreglursemgildangrannalndum0slands   hverjusinni.NorWurlandaYj;WirnarhafaYegarinnleittflestarreglursemfinnamnUju  X regluverkiEvr;pusambandsinsvegnaaWildarsinnaraWEvr;pusambandinu.JafnframterYaW K #  viljislenskrastj;rnvaldaaWlggjfsviWifjrmlamarkaWasllumtmumsamrmi    viWYrlgmarkskrfursemEvr;pusambandiWseturfjrmlafyrirtkjuminnrimarkaWi.    0lj;sifjrmlahrunsinsermjgbrUntaW0slandsUnistaWfestuYessummlum.MeWYver   stefntaWauknutraustislenskumfjrmlamarkaWi.0slenskstj;rnvldhafaYvtekiWY wO  kvrWunaWleggjatilbreytingarlgumogreglumsamrmiviWregluverkEvr;pusam B  bandsinsYrttfyriraWYaWhafiekkiennorWiWhlutiafEES-samningnumeftirYvsemYrf    Yykir.SambrilegleiWernfarinWrumEFTA-rkjum.kvWitilskipunar2013/36/ESB   semveitaevr;pskueftirlitsstofnununumvaldheimildireWaaWkomuaWkvarWanatkuhr {  landieruY;ekkitekinuppslenskanrttmeWfrumvarpinu. nF  III.TilefniognauWsynlagasetningar.     FrumvarpYettaerfyrstaskrefiWYttaWaWlagaslenskanrttaWnUjuregluverki  Evr;pusambandsinssviWifjrmlamarkaWarogmeWYvnUjumalYj;WlegumBaselIIIstaWli. r RegluverkiWerviWamikiWogfjlmargarbreytingarhafaveriWgerWareldritilskipunum e= samasviWi.MeWtillititilumfangskvaWstarfsh;pursemskipaWurvartilYessaWinnleiWa 0 nUttregluverkEvr;pusambandsinsaWskiptaefninuupptvotilYrjmeginhluta.0Yessum  fyrstahlutafrumvarpsinseraWfinnabreytingarsembyggWareruefnitilskipunarinnarvarW  andistarfsleyfi,stofnunogstarfsemi,starfsheimildir,st;rarhttuskuldbindingar,eignar i hlutiogmeWferWYeirra,stj;rnogstarfsmenn,starfskjarastefnuogbreytilegstarfskjr,meW \4 hndlunhttustarfsemifjrmlafyrirtkisoghttuYttistarfsemifjrmlafyrirtkja ' ogeiginfjrauka.StefnteraWYvaWleggjaframannaWfrumvarpYessurisemmuninni  haldabreytingarkvWumervarWaeigiWf,tibogYj;nustustarfsemi,knnunar-og  matsferliFjrmlaeftirlitsins,samstWueftirlit,valdheimildireftirlitsaWilao.fl.0YriWjuat `  rennuerstefntaWYvaWlgfestakvWitilskipunar2013/36/ESBogreglugerWar(ESB)nr. S+! 575/2013semeftirstanda.MeWfrumvarpinuermltfyrirumfj;ramisjafnaeiginfjrauka " enhlutverkYeirraerm.a.aWspornaviWhttusemskapastgeturfjrmlakerfinueWahag # kerfinuheild.NauWsynlegteraWslkarheimildirsutilstaWarefeinhverskonarhtta  $ myndastfjrmlakerfinueWahagkerfinunsturum. !W%   SamhliWaendurskoWunlgumogreglumfjrmlamarkaWigrundvelliBaselIIIstaW J""& alsinsogtilskipunar2013/36/ESBerunniWaWfleiribreytingumlggjfYessusviWi #' fjrmla-ogefnahagsrWuneytinu.vegumrWuneytisinsstarfarnefndsemvarfaliWaW #( semjanUheildarlgumskilameWferWfjrmlafyrirtkjasembyggjastnUrritilskipun2014/ $ ) 59/ESBumskilameWferWfjrmlafyrirtkja(Directive2014/59/EUoftheEuropeanParlia v%N!* mentandoftheCouncilof15May2014establishingaframeworkfortherecoveryand A&"+ resolutionofcreditinstitutionsandinvestmentfirms).XerveriWaWleggjalokahndfrum  '", varptillagauminnstWutryggingarogtryggingakerfifyrirfjrfestasamrmiviWnUjagerW '#- Evr;pusambandsins2014/49/ESBuminnstWutryggingarkerfi(Directive2014/49/EUofthe ( EuropeanParliamentandoftheCouncilof16April2014ondepositguaranteeschemes).  GerterrWfyriraWfrumvrpintvverWilgWframsamhliWa,endaeruYrbreytingarsem  unniWeraWlgumumfjrmlafyrirtkiognUlgumskilameWferWfjrmlafyrirtkjaog a innstWutryggingarhlutiafnUrriheildarumgjrWfyrirfjrmlafyrirtkiogfjrmlamark T, aWinnsemtlaWeraWtakaYeimveikleikumsemkomubersUnilegalj;salYj;Wlegufjr  mlakreppunnisemnWihmarkihrlandiriW2008.    NokkrarbreytingarsemfinnamfrumvarpinuerutilkomnarvegnaathugasemdaEftir   litsstofnunarEFTAviWinnleiWingutilskipunar2002/87/EB(fjrmlasamsteypur)ogtilskipun  X 2004/39/EB(MiFID)slenskanrtt.MeWfrumvarpiYessuerstefntaWYvaWgerabreytingar K #  lgumseminnleiWaviWkomandikvWitilskipanannaaWfulluslenskanrttoguppfylla    YannigskuldbindingarslenskarkisinssamkvmtEES-samningnum.XereinnigaWfinna    aWrarbreytingarsemm.a.erukomnartilvegnattektarAlYj;Wagjaldeyrissj;Wsinsfylgni   FjrmlaeftirlitsinsviWkjarnareglurBaselnefndarinnarumskilvirktbankaeftirlit(BaselCore wO  PrinciplesforEffectiveBankingSupervision). B   & a IV.Meginefnifrumvarpsins.      0frumvarpinuerulagWartilbreytingarkvWumlaganr.161/2002,umfjrmlafyrir {  tki,hvaWvarWarstarfsleyfi,eftirlitskerfimeWhttu,virkaeignarhluti,stj;rn'aogstarfsmenn nF fjrmlafyrirtkja,innristj;rnarhtti,starfskjarastefnufjrmlafyrirtkjaogbreytilegstarfs 9 kjrstarfsmannafjrmlafyrirtkja,st;rarhttuskuldbindingar,eiginfjrauka,heimildfyrir  rWherratilYessaWtakauppreglugerW(ESB)nr.575/2013uppslenskanrtt,heimildfyrir  rWherraogFjrmlaeftirlitiWtilYessaWtakaupptknilegaframkvmdarstaWlaogtknilega r eftirlitsstaWlaEvr;pskubankaeftirlitsstofnunarinnarslenskanrttogbreytingarviWur e= lagakaflalagannatilsamrmisviWframangreindarbreytingar.FlestkvWifrumvarpsinseru 0 tilkominvegnabreytingalgumsamrmiviWnUttCRDIVregluverkEvr;pusambandsins.  0frumvarpinumeinnigfinnaaWrarbreytingarfrumvarpinusemtengjastekkibreytingum  lgunumgrundvelliumrddrartilskipunar2013/36/ESBenhrmm.a.nefnahluta i breytinga10.gr.vegnalnveitinga,11.gr.vegnast;rrahttuskuldbindinga,12.gr.varW \4 andifastaumboWsmenn,18.gr.varWandiviWvarandieftirlitmeWhfieigendavirkraeignar ' hlutao.fl.  1.BreytingarVII.kaflalagannaumstj;rnogstj;rnarhttifjrmlafyrirtkja. `    0frumvarpinuerulagWartilnokkrarbreytingarVII.kaflalaganna.0fyrstumnefna S+! breytinguheitikaflansenmeWfrumvarpiYessuerlagttilaWheitiVII.kaflaverWi?Stj;rn, " stj;rnarhttirogstarfsmenn .ForsendaYessaWkaflaheitinuerbreyttersaWmeWfrum # varpinuerstefntaWYvaWtreystabeturbyrgWstj;rnarfjrmlafyrirtkisstj;rnarhttum  $ Yess.XermeWbreytingumkaflanumstefntaWYvaWstyrkjaeftirlitstj;rnarmannameW !W% heildarstarfsemifyrirtkisins,YarmeWalhttusknifyrirtkisogkvarWanatkufram J""& kvmdarstj;raoglykilstarfsmanna. #'   0inngangsliWumaWtilskipun2013/36/ESBkemurframaWstj;rnarhttirinnanfjr #( mlafyrirtkjasuaWmatiEvr;pusambandsinstaldireinstWaYeirraerfiWleikasemupp $ ) hafakomiWfjrmlamarkaWiaWildarrkjumsambandsinsseinusturin.SrfrWingarEvr v%N!* ;pusambandsinsteljaaWveikleikarumrddumreglumsamtskortireglumvarWandi A&"+ stj;rnarhttihafittYttbWi;h;flegriogvanhugsaWrihttutkusemhafittsinnYtt  '", fallifjrmlafyrirtkjaogskapaWkerfislegvandamlEvr;puogvWaannarsstaWar.LeiW '#- beinandiviWmiWumstj;rnarhttifjrmlafyrirtkjahafaekkihaftYauhrifsemvnstvar. ( SkorturreglumumbWiinnraogytraeftirlitmeWframfylgniviWreglurumstj;rnarhtti  er&  talinnhafaleitttilaukinnarhttutkustarfsmannaoghvatainnanfjrmlafyrirtkjatil  skammtmavxtunarkostnaWlangtmavxtunar.'E a   0frumvarpinuerlagttilaWskUrtverWikveWiWumaWstj;rnfjrmlafyrirtkisskulibera T, heildarbyrgWstarfsemifjrmlafyrirtkis.XaWverWurYvbyrgWstj;rnaraWsettarsu  nkvmarreglurumstj;rnarhttifyrirtkisogmunstj;rnYesshafaeftirlitmeWYvaW  reglunumsfylgtogstarfsmennstiviWurlgumefYeirbrj;tagegnreglunum.Xskalstj;rn   hafameWhndumstefnum;tunflagsinsogyfirsUnyfirhttustefnuoghttuviljainnan  X fyrirtkisins.rlegaskalstj;rnfjrmlafyrirtkisyfirfararegluruminnristj;rnarhttiog K #  bregWastviWmeWviWeigandihttiefYrferrb;tum.    2.BreytingarII.kaflalagannaumstarfsleyfifjrmlafyrirtkis.     LagWarerutilnokkrarbreytingarII.kaflalagannaumstarfsleyfifjrmlafyrirtkja. wO  HelstubreytingarnarvarWa9.gr.lagannaumafturkllunstarfsleyfis.0fyrstalagierlagttil B  aWbrotkvWumlagannaervarWalaustfogst;rarhttuskuldbindingargetileitttil    afturkllunarstarfsleyfis.0WrulagibtastYrrnUirtluliWirviW9.gr.laganna.UmeraW   rWanUjan8.tlul.YarsemFjrmlaeftirlitinuerveittheimildtilYessaWafturkallastarfs {  leyfifjrmlafyrirtkisefYaWuppfyllirekkilengureinhverafYeimlgbundnuskilyrWum nF semYaWYurftiaWuppfyllalgumsamkvmttilYessaWhlj;tastarfsleyfiW.XerumaWrWa 9 nUjan9.tlul.semveitirFjrmlaeftirlitinuheimildtilYessaWafturkallastarfsleyfi  fjrmlafyrirtkisefverulegurvafileikurYvaWfyrirtkiWgetistaWiWviWskuldbindingar  snargagnvartlnveitendumoginnlnseigendum.kvWiWerntengtkvWingildandi6. r tlul.1.mgr.9.gr.lagannaogverWurFjrmlaeftirlitiWaWhafamjgrkarstWurtilYess e= aWbeitaheimildinniogYeinungisneyWartilfellum.HrskalltatilYessskilyrWisaWtryggja 0 skulihagsmunilnardrottnaoginnstWueigendaviWkomandifjrmlafyrirtkis.Lokser  lagWurtilnUr10.tlul.9.gr.semheimilarafturkllunstarfsleyfisheildeWaaWhlutaef  fjrmlafyrirtkibrUturgegnskyldusinniaWviWhaldaeiginfjraukavegnakerfishttusem i mltverWurfyrirumnUrri84.gr.blaganna. \4 3.BreytingarVI.kaflalagannaumeignarhlutiogmeWferWYeirra.    0frumvarpinuerulagWartilbreytingarVI.kaflalagannasemfjallarumeignarhlutiog  meWferWYeirra.Breytingarnarfelastm.a.YvaWtilkynnaskalumbreytinguvirkumeignar `  hlutYegarhannnreWaferyfir20%,33%eWa50%.Samkvmtngildandilgumerein S+! ungiskveWiWumaWeignarhluturYurfiaWfarayfirfyrrgreindmrk.XerugerWarbreytingar " reglumumm;ttkutilkynningaumbreytinguvirkumeignarhlutogtmafresti.0frum # varpinuereinnigstefntaWYvaWstyrkjareglursemheimilaFjrmlaeftirlitinuaWhafaviW  $ varandieftirlitmeWhfieigendavirkraeignarhlutaogbregWastviWYvYegareigandivirks !W% eignarhlutarerekkilengurtalinnhfurtilYessaWfarameWhlutinn.XereinnigaWfinnanUtt J""& kvWisemkveWurumaWkaupvirkumeignarhlutgetaekkikomiWtilframkvmdafyrr #' entmafresturFjrmlaeftirlitsinssamkvmtnUjum2.mlsl.2.mgr.43.gr.,sbr.42.gr. #( laganna,erliWinneWaFjrmlaeftirlitiWhefurtilkynntYeimsemhyggsteignasteWaaukaviW $ ) virkaneignarhlutaWhannshfurtilaWfarameWeignarhlutinn.MeWnUrrimlsgreiner v%N!* hnykktYeirrigrunnreglulagannaaWkaupaWilavirkumeignarhlutgangifyrstgegnYegar A&"+ FjrmlaeftirlitiWhefurmetiWhannhfantilaWfarameWslkaneignarhluthluteWaYegar  '", tmafresturerliWinnlgumsamkvmt. '#- Ї& a 4.EftirlitskerfimeWhttu,httunefndoghttuYttir. (   0frumvarpinuerulagWartilbreytingarervarWaeftirlitmeWhttustarfsemifjrmla  'a(/ fyrirtkja,YarmeWalYaWnUmliaWfjrmlafyrirtkiskulisetjastofnsrstakahttu  nefnd.httunefndberaWaflaupplUsingasemsnaaWhttustarfsemifjrmlafyrirtkis a ogyfirfaraYrogverastj;rnfyrirtkisinstilrWgjafar.EinnigerulagWartilbreytingar17. T, gr.lagannasemfjallaumstrfhttustUringar.MarkmiWbreytinga17.gr.lagannaeraW  styrkjaheimildir,;hWiogstrfhttustUringar.0tillguaWnUjum78.gr.a!78.gr.i  lagannaeraWfinnaskilgreiningarhelstuhttuYttumstarfsemifjrmlafyrirtkja.   5.Starfskjarastefnaogbreytilegstarfskjr. K #    NgildandikvWi57.gr.alagannaumkaupaukakerfikominnlginmeWbreytinga    lgum,nr.75/2010.stWursetningarYessmm.a.rekjatilumrWubWihrlendisog    erlendiskjlfarbankahrunsinsumlauna-oghvatakerfifjrmlafyrirtkja.samatma   vannEvr;pusambandiWaWsetningureglnaumsambrilegmlefnisemsWart;kugildimeW wO  setningutilskipunar2010/76/ESB.MeWtilskipun2013/36/ESBerkveWiWumfrekaribreyt B  ingarreglumEvr;pusambandsinsumstarfskjarastefnufjrmlafyrirtkja,semtekurtil    fastraogbreytilegrastarfskjara,enhugtakiW?breytilegstarfskjr frumvarpinunrtilYess   semWurfllundirhugtakiW?kaupaukar .MeWfrumvarpinuerlagttilaWefnitilskipunar {  2013/36/ESBumstarfskjarastefnuogbreytilegstarfskjrfjrmlafyrirtkjaverWimegin nF drttumtekiWuppslenskalggjf.samtYvaWtakauppkvWitilskipunar2013/36/ESB 9 umstarfskjarastefnuogbreytilegstarfskjrerfrumvarpinustefntaWYvaWfraslenskar  lagareglurtilsamrmisviWYaWsemgenguroggeristannarsstaWarNorWurlndumumsama  efni.0Danmrku,NoregiogSvYj;WhafanUlegaveriWgerWarbreytingarlgumogreglum r semgildaumstarfskjarastefnuogbreytilegstarfskjrfjrmlafyrirtkjaenstWabreyting e= annaannarsstaWarNorWurlndumvarinnleiWingtilskipun2013/36/ESBlandsrttrkj 0 anna.    Samkvmtngildandilgumogreglumhrlandiumstarfskjarastefnuogkaupaukakerfi  fjrmlafyrirtkja,YarmeWalsamkvmtlgumnr.161/2002,umfjrmlafyrirtki,og i reglumFjrmlaeftirlitsinsnr.700/2011,umkaupaukakerfifjrmlafyrirtkjatakareglurnar \4 tilallrastarfsmannafjrmlafyrirtkja.ReglurnarkveWaumaWhlutfallbreytilegrastarfs ' kjaraaffstumstarfskjrumstarfsmannamegiekkiverahrraen25%.Reglurnartakatil  allrastarfsmannafjrmlafyrirtkja,bWialmennrastarfsmannaogstj;rnenda,burtsWfr  YvhvortumrddurstarfsmaWurhafinokkuWmeWkvarWanatkufyrirhndfyrirtkisinsaW `  geraeWasinnihttumiklumfjrfestingumfyrirhndfyrirtkisins.Xerngildandireglum S+! aWfinnavWtkarendurkrfuheimildirfjrmlafyrirtkisgagnvartstarfsmnnumogalltupp " fimmrafturtmann.ReglurnarbannaalgerlegagreiWslubreytilegrastarfskjaratilstarfs # mannaeftirlitseiningaenannarsstaWarNorWurlndumeruslkargreiWslurheimilaWarmeW  $ srstkumviWmiWum.SgagnrUnihefurveriWlgWframreglurnaraWreglurhrlandisu !W% munstrangariengenguroggeristannarsstaWarEvr;pu,YarmeWalannarsstaWarNorWur J""& lndum.ReglurumbreytilegstarfskjrerutaldarkomaverstniWurminnifjrmlafyrir #' tkjumhrlandi.MinnifjrmlafyrirtkierutsettarifyrirsveiflumrekstriogYvhentar #( YeimbeturaWbj;Wastarfsmnnumlgrifststarfskjroghrribreytilegstarfskjr,Yannig $ ) takabWifyrirtkiWogumrddurstarfsmaWursiglakariafkomuYegarverrrarrekstri. v%N!* St;rfjrmlafyrirtkieruoftbeturtilYessbinnaWmtasveiflumrekstri.Samkeppnis A&"+  staWaminnifjrmlafyrirtkjaerYvverriefhlutfallbreytilegrastarfskjaraeroflgt.X  '", hefur&   veriWbentaWmjgstrangarslenskarsrreglurgetiskertsamkeppnisstWuslenskra ( fjrmlafyrirtkja.'(     092.!95.gr.tilskipunar2013/36/ESBeraWfinnanUjarreglurEvr;pusambandsinsum  starfskjarastefnuogbreytilegstarfskjr.TilskipuninheimilaraWhlutfallbreytilegrastarfs a kjaragetiveriW100%affstumstarfskjrumaukYesssemhluthafafundifjrmlafyrirtkis T, erheimiltaWhkkahlutfalliW200%affstumstarfskjrumstarfsmannafyrirtkisins.X  ermltmeWYvaWaWildarrkinltiYyngjandireglurtilskipunarinnareinungistakatilYeirra  starfsmannafjrmlafyrirtkjasemtaldireruhafaveruleghrifhttusniWfjrmlafyrir   tkja.MeWtknilegumeftirlitsstaWliEvr;pskubankaeftirlitsstofnunarinnar(e.European  X BankingAuthority(EBA)),semframkvmdastj;rnESBhefurgefiWtgrundvellitilskip K #  unar2013/36/ESBmeWframkvmdarreglugerW,erfjallaWnnarumskilgreininguYessum    starfsmnnum.TilskipuninleggurekkibannviWYvaWbreytilegstarfskjrsugreiddtil    eftirlitseiningafyrirtkisinseWastj;rnarmanna.094.gr.tilskipunarinnareraWfinnareglu   semkveWurumaW50%afbreytilegumstarfskjrumskuligreiddstarfsmnnumformi wO  hlutabrfaeWastofnfjrbrfaeWaannarrahlutabrfatengdragerningaviWkomandifjrmla B  fyrirtki.XskulieinnigfrestagreiWslua.m.k.40%afbreytilegumstarfskjrumtilYriggja    ra.TilskipuninmlireinnigfyrirumaWlandsrttiaWildarrkjannaskuliveratilstaWar   heimildfyrirfjrmlafyrirtkitilYessaWafturkalla,heildeWaaWhluta,frestuW;greidd {  breytilegstarfskjrefstaWafyrirtkisinshefurversnaWverulegaeWatliterfyriraWstaWa nF YessmuniversnaverulegaogsamaviWeffyrirtkiYarfnauWsynlegaaWbyggjauppeigin 9 fjrstWusna.XskulieinnigveraheimildtilYessaWendurkrefjastarfsmannumYegar  greiddbreytilegstarfskjreflj;skemuraWhannvarYtttakandieWabarbyrgWframferWi  semollifjrmlafyrirtkinuverulegutj;nieWabrststarfsskyldumsnumverulega.XaWsama r viWhafistarfsmaWurekkifylgtlgum,reglum,stj;rnvaldsfyrirmlumeWainnrireglumfjr e= mlafyrirtkis.XaWgeturYvstyrktviWbrgWfyrirtkjannaoghinsopinberaviWfjrhags 0 legumerfiWleikumefhlutiheildarstarfskjaraerbreytilegurmeWYeimkvWumsemfjallaWer  umhraWframan.kvWi95.gr.tilskipunarinnarkveWurumaWaWildarrkineWaeftirlits  aWilarYeirraskulitryggjaaWfjrmlafyrirtkisemerust;rmeWhliWsj;nafeWli,umfangiog i margbreytileikastarfsemiskulisetjastofnstarfskjaranefnd.Tilganguroghlutverkstarfs \4 kjaranefndarerm.a.aWveitastj;rnfjrmlafyrirtkisrWgjfviWsamningustarfskjarastefnu ' fyrirtkisinsogstarfsreglnaumbreytilegstarfskjr.    EinsogaWframankomframhafaaWrarNorWurlandaYj;Wirinnleittefnitilskipunarinnar  umstarfskjarastefnuogbreytilegstarfskjrlandsrttsinn.riW2014vorusettarnUjarreglur `  SvYj;W(s.Freskrifteromersttningssystemikreditinstitut,vrdepappersbolagochfond S+! bolagmedtillstndfrdiskretionrportfljfrvaltning)ogNoregi(n.Forskriftomgodt " gjrelsesordningerifinansinstitusjoner,verdipapirforetakogforvaltningsselskapforverdi # papirfond)umstarfskjarastefnufjrmlafyrirtkjaogDanirbreyttulgumumfjrmla  $ fyrirtki(d.lovomfinansielvirksomhed)vegnainnleiWingarumrddumreglumlggjf !W% sna.0stuttumlinUtaaWrarNorWurlandaYj;WirsrhmarksrammanUjutilskipunarinnar. J""& AllarYj;WirnarmiWaviWaWhlutfallbreytilegrastarfskjaragetiveriW100%affstumstarfs #' kjrumogaWheimildstilstaWartilYessaWhkkahlutfalliW200%hluthafafundi.Reglur #( umhmarkshlutfallbreytilegrastarfskjaratakaeinungistilYeirrasemhafaveruleghrif $ ) httusniWfjrmlafyrirtkjaogfylgjaYj;WirnarskilgreininguEvr;pskubankaeftirlitsstofn v%N!* unarinnar.GreiWslurbreytilegrastarfskjaraeruheimilaWartilstarfsmannaeftirlitseiningaog A&"+  stj;rnarmannaenY;meWtakmrkunumNoregiogDanmrku.AllarYj;WirnarmiWaviW  '", a.m.k.& a  40%frestunbreytilegrastarfskjaraYrjrensrreglueraWfinnaSvYj;Wsem ( kveWurumfrestun60%breytilegrastarfskjaratilWstustj;rnendafyrirtkis.  'a(]6  0frumvarpinuerulagWartilbreytingarsemmiWaaWYvaWaWlagaslenskarregluraWefni  tilskipunar2013/36/ESBogreglumsemgildaannarsstaWarNorWurlndumumsamaefni. a ErYvlagttilaWgildissviWreglnaumhmarkshlutfallbreytilegrastarfskjaratakieinungis T, tilYeirrasemhafaveruleghrifhttusniWfjrmlafyrirtkja.Samkvmtskilgreiningunni  nrgildissviWreglunnarYvtilyfirstj;rnar,lykilstarfsmanna,starfsmannaeftirlitseiningaog  annarrastarfsmannasemnj;tasambrilegraheildarstarfskjaraogyfirstj;rnoglykilstarfs   mennenmeWyfirstj;rnerttviWframkvmdastj;ra,aWstoWarframkvmdastj;raogaWra  X stj;rnendurfjrmlafyrirtkissemheyrabeintundirframkvmdastj;raeWa,eftiratvikum, K #  stj;rn.LagtertilaWhelmingurbreytilegrastarfskjaraskulisamanstandaafhlutabrfumeWa    stofnfjrbrfumeWaWrumsambrilegumgerningumfyrirtkinu.XermiWaWviWaWa.m.k.    40%breytilegrastarfskjaraskulifrestaWa.m.k.Yrjr.KveWiWerumskyldutiltekinna   fyrirtkjatilaWstarfrkjastarfskjaranefndogermiWaWviWaWfyrirtkihafi100starfsmenn wO  eWaeignirfyrirtkisinssuumfram20milljarWakr.loksWastliWinsreikningsrs.XverWur B  ekkilengur;heimiltaWgreiWastarfsmnnumeftirlitseiningabreytilegstarfskjrenFjrmla    eftirlitiWskalsetjareglurgrundvellilagannaseminnihaldaviWmiWumgreiWslubreytilegra   starfskjaratileftirlitseiningaogmunureglurnartakamiWafnorrnumreglum.Heimildir {  fjrmlafyrirtkjatilafturkllunarogendurgreiWslubreytilegrastarfskjaraerueinnig nF Yrengdar.HrskalYesseinniggetiWaWnefndsemkomaWsmWifrumvarpsinstaldigildandi 9 reglurhrlandimjgstrangarsamanburWiviWaWrarEvr;puYj;WirogverulegaYyngjandi  gagnvartstarfsmnnumfjrmlafyrirtkja.FulltrarSamtakafjrmlafyrirtkjavilduganga  lengraogfraslenskarlagaregluralgjrlegatilsamrmisviWnUjarEvr;pureglurogfella r meWYvbrottallarslenskarsrreglurenfrumvarpinumennYfinnaslkarsrreglur,t.d. e= bannviWgreiWslubreytilegrastarfskjaratilstj;rnarmanna,oghlutfallbreytilegrastarfskjara 0 verWurframlgraengenguroggeristannarsstaWarEvr;pu.  6.BreytingX.kaflalagannaumlaustfogeigiWf!nUireiginfjraukar. i   MeWfrumvarpinuerlagttilaWlgfestverWikvWiumeiginfjrauka(e.CapitalBuffers) \4 semkynntirvorualYj;WlegaBaselIIIstaWlinum.Tilskipun2013/36/ESBinnleiWirhug ' myndafrWiBaselIIIstaWalsinsumsrstakaeiginfjraukaEvr;purttogertfrslaneftir  farandi:Skilgreindirerufimmeiginfjraukar,verndunarauki(e.CapitalConservation  Buffer),sveiflujfnunarauki(e.CountercyclicalBuffer),eiginfjraukivegnakerfishttu(e. `  SystemicRiskBuffer),eiginfjraukikerfislegamikilvgfjrmlafyrirtkialYj;Wavsu S+! (e.GlobalSystemicallyImportantInstitutions)ogeiginfjraukinnurkerfislegamikilvg " fjrmlafyrirtki(e.OtherSystemicallyImportantInstitutions).0frumvarpinuergertrW # fyriraWfj;rirYessaraeiginfjraukaverWilgfestir,Y.e.allirnemaeiginfjraukikerfislega  $ mikilvgfjrmlafyrirtkialYj;Wavsuenenginslkfyrirtkistarfahrlandiengerter !W% rWfyriraWeiginfjraukinnverWilgfesturnstari.VerndunaraukinnverWurfasturog J""& verWurfjrmlafyrirtkjum,semekkiftilYessundanYgu,skyltaWhaldahannhverjum #' tma.AWrireiginfjraukarverWasettirviWtiltekinskilyrWiefnahagslfinueWastarfsemi #( fjrmlafyrirtkjanna.EiginfjraukarnirerumeWalYj;WhagsvarWartkja(e.macropruden $ ) tialtools)semstj;rnvldhafayfiraWrWatilaWminnkakerfishttuogaukafjrmlastWug v%N!* leika.SlktkihafafengiWaukiWmikilvgialYj;WavsueftirfllfjrmlamrkuWum A&"+ 2007og2008.MeWlgumnr.66/2014,umfjrmlastWugleikarW,varsettf;tfjrmla  '", stWugleikarWsemerformlegurvettvangurstj;rnvaldaumfjrmlastWugleika.FyrirrWiW '#- starfarkerfishttunefndsemgreinirhagkerfiWogfjrmlakerfiWogkemurmeWtillgurtil ( fjrmlastWugleikarWs,m.a.umbeitingueiginfjrauka.FjrmlaeftirlitiWferhinsvegarmeW  heimildirnarogberbyrgWbeitinguYeirraendaerfjrmlastWugleikarWekkistj;rnvald  skilningilagaheldursamrWsvettvangurYeirrastofnanarkisinssemkomaaWeftirliti a fjrmlamarkaWiogmeWfjrmlastWugleika.grundvellitillagnakerfishttunefndargetur T, fjrmlastWugleikarWbeintYvtilFjrmlaeftirlitsinsmeWtilmlumgrundvelli5.gr.laga  nr.66/2014,umfjrmlastWugleikarW,aWsetjaaukana.    TilviWb;tarlgmarkseiginfleggurnUtilskipun2013/36/ESBtilaWfjrmlastofnanir   notisrstakaeiginfjraukatilaWbtaeiginfjrstWusnaogverabeturstakkbnartilaW  X takastviWfllrekstrisnumeWavegnasveiflnahagkerfinu.MeWhrraeiginfjrhlutfalli K #  verWafllrekstriaukYessmeirimliborinafeigendumfyrirtkjanna.      NUttregluverkgerirrWfyrirsrstkumverndunarauka(e.CapitalConservationBuffer)    semer2,5%afhttuvegnumeignumfjrmlafyrirtkis.EfeiginfjrstaWafjrmlafyrirtkis   uppfyllirlgmarkskrfurenerY;ekkiumframlgmarkskrfuaWviWbttumverndunarauka wO  erutgreiWslurarWs,breytilegrastarfskjaratilstarfsmannaogannaragreiWslnatakmarkaWar. B  XannigerverndunaraukatlaWaWstuWlaaWYvaWeigendurogstj;rnendurfjrmlafyrirtkis    rWstafimeiraafYeimverWmtumsemreksturflagsinsskapartileiginfjr.     0lj;sireynsluYeirrafallasemdunduyfirfjrmlamarkaWifrhaustinu2008geranUjar {  eiginfjrreglurrWfyrirYvaWstj;rnvldmunigetakrafiWfjrmlastofnanirumsrstakan nF sveiflujfnunarauka(e.CountercyclicalBuffer)verWit.d.vartaukinnartlnahttufjr 9 mlakerfinuheild.XessieiginfjraukigeturnumiWalltaW2,5%afhttuvegnumeignum  fjrmlafyrirtkisogundantekningartilfellumorWiWhrriogskalmetahvorttilefnistil  YessaWbeitaheimildinnirsfj;rWungslega.kvrWunumbeitingusveiflujfnunaraukans r tekurmiWafstWulnsfjrsveiflunnar,httuvegnaofmikillarYenslutlnaogsrkennum e= efnahags-ogfjrmlalfsinshrlendis.SYenslamikilverWagerWarauknarkrfurumeigiW 0 fsemgetahkkaWvextitlnaogslegiWeftirspurneftirYeim.VerWiefnahagssamdrttur  geturlkkunkrfuumeiginfjrbindingufjrmlafyrirtkjaunniWgegnhonum.    httafjrmlakerfinugeturfalistmrguWruenbeinnitlnahttusemsveiflu i jfnunaraukanumertlaWaWkomatilm;tsviW.StrWfjrmlakerfishlutfalliviWlands \4 framleiWsluogsamYjppuninnanfjrmlakerfisinserumeWalYttasemgetavaldiWinn ' byggWrikerfishttuogereiginfjraukavegnakerfishttu(e.SystemicRiskBuffer)tlaW  aWkomavegfyrireWamildalangtmahrifYessararhttufjrmlakerfiW.Eiginfjrauki  vegnakerfishttugeturminnstveriW1%afhttugrunnifjrmlafyrirtkiseWatiltekinna `  httuskuldbindingaYess.EkkertYakverWurheimildinnienrkarikrfurerugerWartil S+! stj;rnvaldaefeiginfjraukinnerkveWinnyfir3eWa5%.HgteraWbeitaheimildinnigegn " tilteknufjrmlafyrirtkieWallumfjrmlafyrirtkjummarkaWivegnahttusemtalin # ersteWjaaWfjrmlamarkaWieWaraunhagkerfinu.  $   Fjrmlafyrirtkigeta,vegnaeWlissnseWastrWar,talistsrstaklegamikilvgfyrir !W% fjrmlakerfiWheildsinni.VerWislktfjrmlafyrirtkifyrirfllumkunnaafleiWingarYess J""& aWraaWilakerfisinseWaalmenningveriWmiklar.Stj;rnvldgetafariWframaWslkfyrir #' tkihafiyfiraWbaeiginfjraukavegnaYessakerfislegamikilvgisnsoggeturhannnumiW #( alltaW2%afhttuvegnumeignumfjrmlafyrirtkis. $ ) 7.ReglugerW(ESB)nr.575/2013. A&"+   MeW44.gr.frumvarpsinseraWfinnaheimildfyrirrWherratilYessaWtakauppslenska  '", lggjfreglugerW(ESB)nr.575/2013.NUttregluverksemEvr;pusambandiWsamYykkti '#- jn2013f;lstekkieinungistilskipun2013/36/ESBheldureinnigreglugerW(ESB)nr. ( 575/2013umvarfrniskrfurvegnastarfsemilnastofnanaogfjrfestingarfyrirtkjasem  almennterklluWCRR.BWargerWirnarfelasrheildarendurskoWunEvr;pusambandsins  bankaregluverkisnuogerugerWirnar;aWskiljanlegirhlutarsamaregluverksendavsaYr a mrgumstWumhvoraWra.ReglugerWinfelursrauknarvarfrniskrfurtillnastofnana T, ogfjrfestingarfyrirtkjaogauknarkrfurumbWiummagnoggWieiginfjr,reglurum  laustf,verWbrfun,vogunarhlutfllogmargtfleira.MiWarhnm.a.aWYvaWtryggjastoWir  fjrmlakerfisinssvoaWYaWsbeturstakkbiWtilaWtakastviWsveiflurfjrmlamark   aWinumogtryggjameWYvfjrmlastWugleika.ReglugerWin,samttilskipun2013/36/ESB,  X t;kgildirkjumEvr;pusambandsins17.jl2013.Einsoggildirumtilskipun2013/36/ESB K #  verWurreglugerWinekkitekinuppEES-samninginnfyrrenfyrstalagiseinnihlutaYessa    rsentafirinnleiWinguhennarEES-samninginnmrekjatilYeirravandkvWasemurWu    viWinnleiWingukvWasemf;lusrframsalvaldstileftirlitsstofnanaEvr;pusambandsins   fjrmlamarkaWiogvikiWvaraWumfjllunII.kaflahraWframan.samahttoggildir wO  umtilskipun2013/36/ESBerYaWviljislenskrastj;rnvaldaaWlggjfsviWifjrmla B  markaWasllumtmumsamrmiviWYrlgmarkskrfursemEvr;pusambandiWsetur    fjrmlafyrirtkjuminnrimarkaWi.0lj;sifjrmlahrunsinsermjgbrUntaW0slandsUni   staWfestuYessummlum.MeWYverstefntaWauknutraustislenskumfjrmlamarkaWi. {  0slenskstj;rnvldhafaYvtekiWYkvrWunaWleggjatilbreytingarlgumogreglum nF samrmiviWtilskipun2013/36/ESBogreglugerW(ESB)nr.575/2013eftirYvsemYurfa 9 YykirYrttfyriraWgerWirnarhafiekkiennorWiWhlutiafEES-samningnum.SambrilegleiW  ernfarinWrumEFTA-rkjum.kvWireglugerWarinnarsemveitaevr;pskueftirlits  stofnununumvaldheimildireWaaWkomuaWkvarWanatkuhrlandiverWaY;ekkitekinupp r slenskanrttmeWfrumvarpinueWareglugerWsemfyrirhugaWeraWrWherrasetjitil e= innleiWingarhennislenskanrtt. 0 8.InnleiWingtknilegraframkvmdastaWlaogeftirlitsstaWlagrundvellitilskipunar2013/  36/ESBogreglugerWar(ESB)nr.575/2013. i   MeWfrumvarpinuerm.a.lagttilaWinnleiddirverWihrlandikveWnirtknilegirfram \4 kvmdastaWlarogtknilegireftirlitsstaWlarsemfylgjatilskipun2013/36/ESBogreglugerW ' (ESB)nr.575/2013.UmtknilegustaWlanavarm.a.fjallaWlitsgerWBjargarThorarensen  ogStefnsMsStefnssonarumstj;rnskipulegarheimildirlandsrttarogmguleikainn  leiWingureglugerWa(ESB)umeftirlitmeWfjrmlamrkuWumEES-samninginnsemerm.a. `  birtvefsWuutanrkisrWuneytisins.0litsgerWinnikomframaWumrddirstaWlarsusettir S+! tilaWtryggjasamrmdaframkvmdinnanallraEES-rkjannaogfeliekkisrstefnu " markandireglureWafyrirmliogfariekkitfyrirefniYeirrarlggjafarsemYrhvla.N # YegarbWurnokkurfjldislkratknilegrastaWlasviWifjrmlaYj;nustuinnleiWingarhr  $ landiogfleirislkirtknilegirstaWlareruvndum.XarsemtknilegustaWlarnireruekki !W% YyngjandiumframYrkrfursemkomaframtilskipun2013/36/ESBogreglugerW(ESB) J""& nr.575/2013,seminnleiddarverWaaWhlutatilmeWYessufrumvarpi,erlagttilaWYeir #' tknilegustaWlarsemerutilbnirtilinnleiWingarverWifrWirlandsrttmeWsetningustj;rn #( valdsfyrirmlaFjrmlaeftirlitsinseWarWherra.VsaWertilfrekariumfjllunarum42.gr. $ ) frumvarpiYessu. v%N!*   A&"+  & ,    V.SamrmiviWstj;rnarskrogalYj;Wlegarskuldbindingar.  (   FlestarbreytingarsemlagWarerutillgunumbyggjastefnitilskipunar2013/36/ESB  ogreglugerW(ESB)nr.575/2013.TilskipuninogreglugerWinhafaekkiveriWteknarupp  ',(tEES-samninginnengerWirnarmunutakatilallsEESsvWisins.XrttfyriraWgerWirnarhafi a ekkiveriWteknaruppEES-samninginnteljastj;rnvldmikilvgtaWbreytalggjfsviWi T, fjrmlamarkaWameWhliWsj;nafefniYeirraendaerumaWrWaheildarendurskoWunEvr;pu  sambandsinslggjfsinniumstarfsemifjrmlafyrirtkjaogeftirlitmeWfjrmlafyrir  tkjumkjlfarfjrmlaerfiWleikannaEvr;puseinusturin.llrkiEvr;pusambandsins   vinnaaWinnleiWinguregluverksinslandsrttsinn.nnurEFTA-rkisemaWilareruaW  X EES-samningnumhafaeinnigkveWiWaWaWlagalandsrttsinnmeWhliWsj;nafregluverkinu K #  YrttfyriraWYaWsekkiorWiWhlutiafEES-samningnum.      Fjrmla-ogefnahagsrWuneytinuhafaboristbendingarfrEftirlitsstofnunEFTAvarW    andiinnleiWingutilskipunum2004/39/EB(MiFID-tilskipunin)og2002/87/EB(fjrmla   samsteypur).BWartilskipanirnarhafaveriWteknaruppslenskanrttmeWlgumnr.161/ wO  2002,umfjrmlafyrirtki.MeWbreytingu37.og109.gr.lagannameWfrumvarpiYessu B  erbrugWistviWbendingumfrEftirlitsstofnunEFTA.      EkkieraWsjaWbreytingunumgetifalistneittsemstangastviWkvWistj;rnarskrr   innar. {   VI.SamrW.  9   FrumvarpiWeraWstrstumhlutasamiWafnefndsemferyfirlggjfsviWifjrmla  markaWarmeWtillititilnUrrarheildarlggjafarEvr;pusambandsinssviWifjrmlamarkaWar.  0nefndinnisitjafulltrarfrFjrmlaeftirlitinu,SamtkumfjrmlafyrirtkjaogSeWlabanka r 0slands.ViWvinnslufrumvarpsinsgafstumrddumstofnunumogSamtkumfjrmlafyrir e= tkjafriaWskilasrstkumumsgnumumkvWiYessogathugasemdirnarteknartil 0 umrWufundumnefndarinnar.Frumvarptilbreytingalgumumfjrmlafyrirtkivar  lagtfram143.lggjafarYingi(Yskj.833!522.ml)enhlautekkiafgreiWslu.Xarmttifinna  margarbreytingarsemlagWarerutilfrumvarpiYessu.EftiraW143.lggjafarYingilauksein i astavorsettifjrmla-ogefnahagsrWuneytiWfrumvarpiWvefsinnog;skaWieftirumsgn \4 umumYaW.RWuneytinubrustfimmumsagnir,Y.e.frBankasUslurkisins,Sambandis ' lenskrasparisj;Wa,Samtkumfjrmlafyrirtkja,SeWlabanka0slandsogViWskiptarWi0s  lands.kvWifrumvarpsinshafaveriWendurskoWuWaWteknutillititilumsagnannaogbreyt  ingargerWarefstWaY;ttitil. `    kvWisemfinnam10.!12.,18.!26.,37.og42.gr.frumvarpsinsvoruaWstrstum S+! hlutaunninfjrmla-ogefnahagsrWuneytinu.NokkurkvWierutilkominvegnabend " ingafrEftirlitsstofnunEFTAoghefurtfrslaYeimveriWunninsamrWiviWstofnunina. # Xhefurfjrmla-ogefnahagsrWuneytiWeinnigveriWsamskiptumviWfjrmlarWuneyti  $ NoregsogLiechtensteinviWtfrslukvWumervarWaCRDIVregluverkiW.RWuneytiW !W% hefureinnigttsamskiptumviWsrfrWingaframkvmdastj;rnarEvr;pusambandsins J""& vegnatfrsluannarraEvr;purkjanokkrumkvWumsemeraWfinnafrumvarpinu,Yar #' meWalbreytingumvegnakvWaumbreytilegstarfskjrogeiginfjrauka.Fjrmla-og #( efnahagsrWuneytinubrustathugasemdirfrLnasj;Wisveitarflagaohf.ogSambandis $ ) lenskrasparisj;WavegnabreytingasemlagWarerutil29.gr.alaganna.XhafarWuneytinu v%N!* boristbendingarfrWrumaWilummarkaWiogWrumhaghfumsemstarfsmennrWu A&"+ neytisinshafafariWyfirsamrWiviWumrddaaWila.bendingarnarhafaeinnigveriWlagWar  '", fyrirnefndsemfjallaWerumI.kaflahraWframanogkomaWsmWifrumvarpsins. '#- Ї & , VII.Mathrifumogefnahagsleghrif.  (   MeWfrumvarpinuerustiginfyrstuskrefaWlgunslenskafjrmlakerfisinsaWBaselIII  staWlienmeginmarkmiWstaWalsinseraWskapatraustariumgjrWumreksturogstarfsemifjr  ',(mlafyrirtkjaYeimtilgangiaWdragarkerfishttu.MeWYverunntaWdragarlkum a fjrmlafllumborWviWfallslenskafjrmlakerfisinsogalYj;Wleguskuldakreppuna T, semllheimsbyggWinhefurglmtviWfr2008.HertregluverkmunekkiaWeinsdragartWni  fjrmlafallaheldureinnigstuWlaaWYvaWdregiWverWirneikvWumhrifumYeirra  efnahagslfiWYegarYauskella.Lj;steraWfjrmlakreppurgetahaftvaranlegneikvWhrif   hagvxtogvsbendingareruumaW;h;flegarhagsveiflurgetidregiWrhagvextitillengri  X tma.TraustogstWugtfjrmlakerfierbeturstakkbiWtilaWstyWjaviWaWrargreinarat K #  vinnulfsinssemundirbyggirstWuganhagvxttilframbWar.      0CRRreglugerWinnierugerWarauknarkrfurumgWieiginfjr,m.a.YannigaWhlutfall    almennseiginfjrundireiginfjrYttiAhkkarr2,5%4%.LgbundiWlgmarkeiginfjr   verWurY;fram8%.ViWYaWbtistsvoeiginfjrkrafavegnastoWar2(e.Pillar2)ogeigin wO  fjraukaseminnleiddirerumeWYessufrumvarpi.NUlegarhagranns;knirbendatilYessaW B  Yj;WhagslegahagkvmtsaWhlutfalleiginfjrfjrmgnunbankasekkiaWeinsmunhrra    enYaWvarfyrirhrunfjrmlakerfisinsheldureinnighrraenYaulgmrksemsetteru   alYj;Wleguregluverki. {    AukiWeigiWfdregurrlkumfjrmlafllumogdregurrkostnaWifyrirskattgreiW nF endurefhjYeimverWurekkikomist.JkvWhrifYessaWfjrmlakreppurverWiftWariog 9 vonandigrynnrittullumaWveralj;shrlandi,enfjrmlakreppurgetahaftmikilog  langvarandineikvWhrifframleiWslugetuhagkerfa.AuknarkrfurumeigiWferugagn  rUndarfyriraWdragartlnagetubankaoghkkavaxtakjrafvldumhrrivxtunar r krfufjrmgnunbanka.FyrrihlutigagnrUninnarvirWistruglasamankrfumumlaustf e= ogeigiWf.EigiWfbankaerenganhttlagttilhliWar.BankargetasamahttlnaWt 0 YannhlutafjrmgnunarsinnarsemerfjrmagnaWurmeWeiginfogskuldum.Seinnihluti  gagnrUninnarfelurYaWsraWeigiWfseWlisnudUrarifjrmgnunenskuldir.0Yessu  sambandiskiptirY;grundvallarmliaWaukiWeigiWfdregurrhttu,bWifyrirYsem i eigaYaWogYsemhafalnaWbankanum.AfYeimskumttihttulagfjrmgnun \4 bankameWaukiWeigiWfaWlkkaogheildarfjrmgnunarkostnaWurbankansekkiaWbreyt ' ast.HrYarfY;aWsltvovarnagla.AnnarsvegarfelstskattalegthagrWiskuldafjr  mgnun.HinsvegarleiWaaukiWeigiWfogskUrarireglurumskila-ogslitameWferWbanka  tilYessaWhttanafrekstribankanserauknummliborinafYeimsemtilhennarstofna `  staWrkissj;WseWainnstWutryggingarsj;Ws.AfYessumskumgeturaukineiginfjrmgnun S+! bankaleitttilYarfarfyriraukinnvaxtamun,Y.e.lkurerutilaWbankarhkkitlnavextief " aWrirYttirkomaekkitil.httanviWYessaraWstWurflysttilYeirrasemtilhennarstofna # ogfrskattgreiWendum.GreiningarAlYj;WagreiWslubankansBasel(BIS)gfutilkynnaaW  $ 1%hkkuneiginfjrkvaWargetileitttil0,16%hkkunarvaxtamunar.hrifinerumest !W% meWanveriWeraWaukaeigiWfogtlnavxturhefuraWmestunWsraWYremurrum J""& liWnum(Bridgeso.fl.,2014). #'   XessihriffallaY;skuggaYessmiklavinningssemhlUstafhrrieiginfjrkvWum. #( BendirflesttilYessaWYj;WhagslegahagkvmtsaWhlutfalleiginfjrYttarA(Y.e.eiginfjr $ ) semraunerhgtaWgangaefillarar)s15!20%ogalltaW23%tilfellinorskrabanka v%N!* samkvmtlitiSeWlabankaNoregs(Kragh-Srensen,K.(2012).StaffMemoNo.29:Opti A&"+  malcapitaladequactratiosforNorwegianbanks.Oslo:Norges_Bank).  '",   & a  Tmisrki,_Y.m.t._ԀNoregurogSvYj;W,hafaYvgertkrfurtilstrrifjrmlastofnanaum ( aWYrbiyfireiginfumfram_lgmarkskrfur_ԀalYj;Wlegulggjafarinnar.  'a(  XrbreytingarfrumvarpinusemltaaWbreyttumstj;rnarhttum_fjrmlafyrirtkja_Ԁog  _starfskjarastefnu_ԀYeirraerutilYessfallnaraWefla_httuvitund_Ԁstj;rnarmannaogannarra a starfsmanna_fjrmlafyrirtkja_.Breytingarnar,semfestasessireglurumfrestunbreytilegra T, starfskjara,munujafnframtaWlagahvataeinstakrastarfsmannaaWhagsmunumfyrirtkja.  MarkmiWbreytingannaeraWaukalkuraW_langtmahagsmunir_ԀfyrirtkisinsrWifrYegar  kvarWanireruteknarstaW_skammtmahagsmuna_Ԁeinstaklinga.HeimildirtilgreiWslu_kaup   auka_ԀeruY;auknarYannigaWheimiltverWuraWveitatilteknumeiningum_fjrmlafyrirtkis_  X _kaupauka_ԀsemWurvoru_undanskildar_ԀYeirriheimild.XessarbreytingartakamiWafreglum K #  umgreiWslur_kaupauka_ԀNorWurlndumogtilskipun2013/36/ESB.Xessarbreytingareiga    einnigaWtryggjaaWslensk_fjrmlafyrirtki_ԀverWiekkiundirsamkeppniumhftstarfs    f;lk.XegarstiginverWastrriskref_aflttingu_Ԁ_fjrmagnshafta_ԀhrlandiverWursrstaklega   mikilvgtaWstandavrWum_samkeppnishfni_Ԁslenskra_fjrmlafyrirtkja_,Y;meW_fjr wO  mlastWugleika_Ԁforgrunni. B    Lktogframkemur_IV_.kaflakveWur_Basel_ԀIIIstaWallinnog_regluverk_Ԁ_Evr;pusambands    ins_Ԁum_innleiWingu_ԀnUrra_eiginfjrauka_.0frumvarpinuerlagttilaWYrrYeirraverWi_inn   leiddir_Ԁslenskanrtt._Eiginfjraukarnir_Ԁteljasttil_svokallaWra_Ԁ_Yj;WhagsvarWartkja_,sem {  eru_heildarstj;rntki_Ԁ_fjrmlamarkaWi_.MarkmiWiWmeWYeimeraWvinnagegn_kerfishttu_ nF _fjrmlakerfinu_.FrumvarpiWgerirrWfyrir_innleiWingu_Ԁfjgurra_eiginfjrauka_:(1)_vernd 9 unarauka_,(2)_sveiflujfnunarauka_,(3)_eiginfjrauka_Ԁvegna_kerfishttu_Ԁog(4)_eiginfjrauka_  fyrirkerfislegamikilvgfyrirtki.AukYesskveWur_regluverkiW_Ԁum_eiginfjrauka_Ԁkerfis  legamikilvgfyrirtki_alYj;Wavsu_._Eiginfjraukarnir_ԀskulusamanstandaafhefWbundnu r eiginfundir_eiginfjrYtti_ԀA(e.CoreEquityTier1)ogkomatilviWb;tar_lgmarkseigin e= fjrgrunni_. 0   _Verndaraukinn_Ԁer2,5%af_httuvegnum_Ԁeignum_fjrmlafyrirtkis_.Ef_fjrmlafyrirtki_  erofarlgbundnulgmarkieiginfjreninnan_lgmarksverndarauka_Ԁeru_tgreiWslur_Ԁ_arWs_Ԁog  _kaupauka_ԀtakmarkaWar._Verndaraukanum_ԀerYvtlaWaWdragarlkumYvaWeigiWf_fjr i mlafyrirtkja_ԀfariniWuraWeWaundir_lgbundiW_Ԁlgmarksemleittgeturtilstarfsleyfissvipt \4 ingar._Sveiflujfnunaraukinn_Ԁ(e.CountercyclicalBuffer)ers_eiginfjrauki_Ԁsemhefuraug ' lj;sastatenginguviW_Yj;WhagsvarW_.HonumertlaWaWverndabankakerfiWtmumof  mikils_tlnavaxtar_Ԁsemeroftntengduruppbyggingu_kerfishttu_.samatmagetur_eigin  fjraukinn_ԀunniWgegn_;h;flegum_Ԁ_tlnavexti_ԀYarsemhkkandi_eiginfjrkrfur_ԀgetahkkaW `  _fjrmagnskostnaW_ԀogYarmeWdregiWreftirspurn.AWsamaskapigeturvelfjrmagnaW_fjr S+! mlakerfi_ԀunniWgegn_efnahagssamdrtti_ԀYegarkrfurumbindingueiginfjreru_lkkaWar_ " nUjanleik.MeW_sveiflujfnunaraukanum_Ԁgetastj;rnvldkrafiW_fjrmlafyrirtki_ԀumaW # bindaaukiWeigiWfumalltaW2,5%af_httuvegnum_Ԁeignum.kvrWunYarumskalendur  $ skoWuWrsfj;rWungslegaogkrefsthnsamstarfsYeirrastofnanarkisinssemfarameWeftirlit !W% meWeinstkum_fjrmlafyrirtkjum_Ԁog_fjrmlakerfinu_Ԁheild.LklegtmteljaaW_fjrmla J""& stWugleikarWi_ԀverWifaliWhlutverkviWbeitingu_sveiflujfnunaraukans_.Uppfylli_fjrmla #' fyrirtki_Ԁekki_sveiflujfnunaraukann_ԀverWatakmarkanir_tgreiWslum_Ԁ_arWs_Ԁog_kaupauka_. #( _Eiginfjrauka_Ԁvegna_kerfishttu_Ԁ(e.SystemicRiskBuffer)ertlaWaWkomavegfyrireWa $ ) milda_langtmahrif_Ԁ_kerfishttu_ԀsemgeturhaftneikvWhriffjrmla-ogefnahagskerfiW. v%N!* _Aukanum_ԀertlaWbregWastviWinnbyggWri_kerfishttu_Ԁ(e.Structuralsystemicrisk).Eftir A&"+ Yvsembeiting_eiginfjraukanna_Ԁjafnarsveiflurhag-og_fjrmlakerfinu_ԀgetaYeirhaftj  '", kvWhrif_efnahagslegan_ԀstWugleikaoghagvxttillengritma.MeWauknueiginferauk '#- YessdregiWr_httunni_Ԁaf_fjrmlafllum_Ԁfyrir_raunhagkerfiW_Ԁogrkissj;W.XessstaW ( munuYeirsemstofnatilhttunnarberahana.    AthugasemdirviWeinstakargreinarfrumvarpsins. a &  Um1.gr. T,   MeWfrumvarpinuerulagWartilfj;rarbreytingar1.gr.alagannasamtYvaWlagtertil  aWviWkvWiWbtistYrettnnUirtluliWir.    0a-liWerlgWtilbreytingorWalagi3._tlul_.kvWisinssemfjallarumskUringuhug   takinuvirkumeignarhlut.HugtakiWkominnlggjfmeW3.mgr.10.gr.laganr.43/1993,  X umviWskiptabankaogsparisj;Wi,oghefurstaWiWnnast;breyttsWanaWefnitil.Nverandi K #  skilgreiningerekkiaWfullusamrmiviWtilskipun2013/36/ESBogreglugerW(_ESB_)nr.    575/2013ogerYvlagttilaWorWalagihugtaksinsverWibreyttYvtilsamrmis._Breytingar    tillagan_ԀereinnigsamrmiviWeldri_bankatilskipun_Ԁ2006/48/EB,einsoghennivarbreytt   meWtilskipun2007/44/EB. wO    0b-liWerlagttilaW4._tlul_.kvWisinsfallibrott.HugtakiWvarlgfestnverandimynd B  meWlgumnr.75/2010,umbreytingulgumum_fjrmlafyrirtki_,nr.161/2002,meWsW    aribreytingum.EkkieraWfinnasambrilegaskilgreininguhugtakinuhlutdeildtilskipun   2013/36/ESB.MeWvsantil_skUrleika_Ԁogsamrmismillilaganr.161/2002og_tilskipunar_ {  2013/36/ESBYykirYvrttaWfellakvWiWbrott. nF & a   0c-liWerlagttilaWfelldverWirlgunumorWin?aWilarstaWfestrisamvist enmeWlgum 9 65/2010,umbreytingu_hjskaparlgum_ԀogfleirilgumogumbrottfalllagaumstaWfesta  'a9samvist(ein_hjskaparlg_),varhugtakiWstaWfestsamvistfelltrlgum.    Breytingd-liWerlgWtilvegnanUrralagaumtgfuogmeWferW_rafeyris_,nr.17/2013, r enYaugildaumstarfsemi_rafeyrisfyrirtkja_.ViWsetningulagannasnumtmaf;rstfyrir e= aWfellabrotttilvsunr_orWskUringu_Ԁ10._tlul_.kvWisins.MeWfrumvarpinuerYvlagttil 0 aWorWiWfallibrott.    0e-liWerlagttilaWviW1.gr.alagannabtistYrettnnUjar_orWskUringar_._OrWskUringarnar_  semviWbtastsemnUir14.!23._tlul_.kvWisinsernYegaraWfinnalgunumentil i _skUrleika_ԀogsamrmingarYykirskilegtaWhafa_orWskUringarnar_Ԁsrstku_orWskUringar \4 kvWi_Ԁlaganna._OrWskUringar_ԀsemlagtertilaWbtistviWsemnUir24.!26._tlul_.erekkiaW ' finnangildandilgum.    _OrWskUringin_ԀsemlagtertilaWbtistviWsem14._tlul_.kvWisinserngildandi2.  _mlsl_.1.mgr.28.gr.laganna.SkilgreininginersamrmiviWtilskipun2006/48/EB.NUja `  skilgreiningueraWfinnahugtakinureglugerW(_ESB_)nr.575/2013enreglugerWinverWur S+! _innleidd_ԀnstummnuWumslenskanrttogverWurYgerWbreytinghugtakinu. "   Xr_orWskUringar_ԀsemlagtertilaWbtastviWlginsem15.!20._tlul_.kvWisinseru # ngildandi1.!8.mgr.97.gr.laganna.SbreytingergerW_orWskUringunum_ԀaWstaWorW  $ anna?_m;Wurfyrirtki_ og?d;tturfyrirtki komaorWin?_m;Wurflag_ og?_d;tturflag_ .Eng !W% inneWlismunurhefurveriWnotkunorWannalgunumoghendingeinrWiWYvhvortorWiW J""& hefurveriWnotaW.OrWin?_m;Wurflag_ og?_d;tturflag_ hafaskapaWsrmunmeirifestu, #' bWialmennriogfrWilegriorWanotkun,ogYykirYvrttaWnotaYau. #(   0118.gr.ngildandilagaeraWfinnaskilgreininguorWinu?_fjrmlagerningur_ sam $ ) kvmtlgunumogkemurYarframaWmeWorWinu?_fjrmlagerningur_ sttviWverWbrf v%N!* samkvmtskilgreiningulaganr.13/1996,umverWbrfaviWskipti.Lgnr.13/1996,um A&"+ verWbrfaviWskipti,hafaveriWfelldrgildioggildanlgnr.108/2007,umverWbrfa  '", viWskipti.Skv.2._tlul_.1.mgr.2.gr.laganr.108/2007,umverWbrfaviWskipti,erverWbrf '#- eintegund_fjrmlagernings_.NU_orWskUring_ԀverWurYvaWefninutilrUmrienngildandi ( skilgreining118.gr.laganna.0framkvmdhefurY;hugtakiW_fjrmlagerningur_Ԁfylgtskil  greiningu& a lagaumverWbrfaviWskipti.XvernUskilgreiningsemlagtertilaWverWi21._tlul_.  kvWisinssamrmiviWframkvmdlagannaogYvekkium_efnisbreytingu_ԀaWrWa. a 'ah  _OrWskUringar_ԀsemlagtertilaWverWi22.og23._tlul_.kvWisinsmfinna2.og3.mgr. T, 109.gr.laganna.EkkierstefntaWYvmeWfrumvarpiYessuaWbreytaefnisleguinntaki_skil  greininganna_.SamkvmtorWannahlj;WannWiskilgreiningorWinu?_hlutdeildarflag_ ein  ungistilskUringar_hlutdeildarflagi_Ԁskv.2.mgr.109.gr.0_lagaframkvmd_Ԁhefurskil   greininginhinsvegarveriWltinntilskilgreiningar?_hlutdeildarflagi_ samkvmtlg  X unumheild.0samrmiviWYaWerskilgreininginnltinntilallraYeirratilvikaYegar K #  talaWerum_hlutdeildarflg_Ԁsamkvmtlgunum.      NUjatluliWisemlagtertilaWbtistviWsem24.og25._tlul_.kvWisinserekkiaWfinna    ngildandilgum.MeWfrumvarpinuerulagWartilbreytingarsemm.a.kveWaum_starfs   kjarastefnu_Ԁ_fjrmlafyrirtkja_Ԁogbreytilegstarfskjr.0gildandilgumogreglumhefurhug wO  takiW?_kaupauki_ veriWnotaWumallargreiWslureWahlunninditilstarfsmanna_fjrmlafyrir B  tkja_Ԁsemekkieruhlutiaffstumstarfskjrumstarfsmanns.MeWnUjum24._tlul_.erlagttil    aWhugtakiW?breytilegstarfskjr komistaWhugtaksins?_kaupauki_ ogverWinotaWYess   staWtilYessaWnyfirhverskonargreiWslureWahlunninditilstarfsmanna,YarmeWalreiWu {  f,srstakar_lfeyrisgreiWslur_,_kauprtti_ԀogaWrartengdargreiWslursemekkieruhlutiaffst nF umstarfskjrum.XessibreytingersamrmiviW_hugtakanotkun_Ԁtilskipun2013/36/ESB0 9 25._tlul_.erlagttilaWhugtakiW?yfirstj;rn verWisrstaklegaskilgreintlgunum.MeWyfir  stj;rnerYvttviWframkvmdastj;ra,_aWstoWarframkvmdastj;ra_ԀogaWrastj;rnenda_fjr  mlafyrirtkis_Ԁsemheyrabeintundirframkvmdastj;raeWa,eftiratvikum,stj;rnYess.Hr r YykirrttaWtakaframaWekkierumaWrWaYUWinguenskahugtakinu?seniormanage e= ment semkemurfram9._tlul_.1.mgr.9.gr._tilskipunar_Ԁ2013/36/ESB. 0   XerlagttilaWskilgreiningst;rri_httuskuldbindingu_ԀbtistviWsem26._tlul_.grein  arinnarenfjallaWerumst;rar_httuskuldbindingar_Ԁ30.gr.laganna.    Um2.gr. \4 .  BreytinginerlgWtilsamrmiviWbreytingarsemlagWarerutil19.og20.gr.frum ' varpsinsogervsaWathugasemdirviWumrddkvWi.    Um3.gr. `  @  MeWbreytingu3.gr.frumvarpsinserYaWrttaWaWmeWalYeirraupplUsingaumhluthafa S+! og_stofnfjreigendur_Ԁsemskulufylgjaums;knumstarfsleyfiskv.5.gr.lagannaeruupp " lUsingarum_hlutfallslegt_ԀeignarhaldallrahluthafaeWa_stofnfjrhafa_ԀYegarums;knumstarfs # leyfierlgWfram.SambrilegtkvWieraWfinna14.gr._tilskipunar_Ԁ2013/36/ESB.  $   Um4.gr. J""&   MeWbreytingunnierlagttilaW_Fjrmlaeftirlitinu_ԀverWi;heimiltaWsynjaumstarfsleyfi, #' eWabyggjamatYvaWveitastarfsleyfi,YeimgrundvelliaWekkisYrffleiriaWilum #( markaWinntilYessaWveitatiltekna_fjrmlaYj;nustu_.SambrilegtkvWier11.gr._til $ ) skipunar_Ԁ2013/36/ESB.kvWiWbyggistsj;narmiWumumfrjlsafrYj;nustuinnan_EES_Ԅ v%N!* svWisinsenlgogreglureinstkum_EES_-rkjumeigaekkiaWhindraaWilaannarrarkja A&"+  _EES_-svWinuaWveitaYj;nustuviWkomandirkief_EES_-reglurheimilaslkt.MeWnUju  '", kvWi&   errttaWaWmatfyrirveitingu_starfsleyfis_Ԁsemogsynjunveitingu_starfsleyfis_ ( verWuraWbyggjast_mlefnalegum_Ԁsj;narmiWum.'(+    Um5.gr. a s  LagWarerutilYrjrbreytingar9.gr.lagannaum_afturkllun_Ԁ_starfsleyfis_Ԁ_fjrmlafyrir T, tkis_.SambrilegkvWieraWfinna18.gr._tilskipunar_Ԁ2013/36/ESB.    0a-liWerlagttilaWviW2._tlul_.1.mgr.btisttilvsuntilYessaW_fjrmlafyrirtki_ԀYurfa  aWuppfyllakrfurlagannaumlaustfogst;rar_httuskuldbindingar_Ԁ(e.LargeExposures)   engeriYauYaWekkigetiYaWleitttil_afturkllunar_Ԁ_starfsleyfis_.Breytingarnarbyggjastd-liW  X 18.gr._tilskipunar_Ԁ2013/36/ESBenkvWi_tilskipunarinnar_ԀvsareinnigtilYeirraatriWisem K #  finnam1.mgr.67.gr.smu_tilskipunar_.MeWbreytingua-liWfellureinnigbrotttilvsun    tilfjlda_stofnfjreigenda_Ԁrngildandi2._tlul_.1.mgr.9.gr.enmeWbreytingusemgerWvar    lgunummeW6.gr.laganr.77/2012,umbreytingulgumum_fjrmlafyrirtki_,nr.   161/2002,varfalliWfrkrfuumlgmarksfjlda_stofnfjreigenda_Ԁsparisj;Wum.RttYykir wO  YvaWfellatilvsuntilfjlda_stofnfjreigenda_ԀbrottrkvWinusamrmiviWYbreytingu. B    0b-liWerlagttilaWtilvsuntillagakvWaverWifrWtilsamrmisviWbreytingarsem    lagWarerutil19.og20.gr.frumvarpsins.     0c-liWerlagttilaWYrrnUirtluliWirbtistviW1.mgr.9.gr.laganna.MeWnUjum8._tlul_. {  erlagttilaW_Fjrmlaeftirlitinu_ԀverWiveittheimildtilYessaWafturkallastarfsleyfi_fjrmla nF fyrirtkis_ԀefYaWuppfyllirekkilengureinhverhinnalgbundnuskilyrWasemYaWYurftiaW 9 uppfyllaupphaflegalgumsamkvmttilYessaWhlj;ta_starfsleyfiW_.Hrgetur_t.d._ԀveriWum  aWrWaaW_fjrmlafyrirtki_ԀuppfylliekkilengurskilyrWisemkomaframIII.kaflalaganna  umstofnun_fjrmlafyrirtkis_Ԁ_o.fl_.kvWiWbyggistc-liW18.gr._tilskipunar_Ԁ2013/36/ESB. r   09._tlul_.erlagttilaW_Fjrmlaeftirlitinu_ԀverWiveittheimildtilaWafturkallastarfsleyfi e= _fjrmlafyrirtkis_ԀefverulegurvafileikurYvaW_fjrmlafyrirtkiW_ԀgetistaWiWviWskuld 0 bindingarsnargagnvart_lnardrottnum_Ԁog/eWa_innlnseigendum_.HrberaWltatilYess  _megintilgangs_ԀaWtryggjaskulihagsmuni_lnardrottna_Ԁog_innstWueigenda_Ԁhvvetna.kvW  iWerntengtheimildsemfinnamkvWitilbrWabirgWa_VI_Ԁlgunum.VerWuraWteljaaW i _FjrmlaeftirlitiW_ԀverWiaWhafamjgrkarstWurtilYessaWbeitaheimildinnioghennis \4 Yeinungisbeitt_neyWartilfellum_.Hrgeta_t.d._ԀfalliWundirYautilvikYegareiginfjrhlutfall ' _fjrmlafyrirtkis_ԀlkkarhrattsemkannaWaukalkurYvaWbrotiWverWigegn1.mgr.84.  gr.um_lgmarkseiginfjrgrunn_ԀninniframtW.MlikvarWiYaWhvenr_fjrmlafyrirtki_  slklegttilYessaWbrj;tagegn1.mgr.84.gr.lagannaum_lgmarkseiginfjrgrunn_Ԁninni `  framtWgeturYannigtekiWmiWaf27.gr._tilskipunar_Ԁ2014/59/ESBum_skilameWferW_Ԁ_fjr S+! mlafyrirtkja_Ԁ(e._Directive_Ԁ2014/59/EUofthe_European_ԀParliamentandoftheCouncilof " 15May2014establishingaframeworkfortherecoveryandresolutionof_credit_Ԁinstitutions # andinvestmentfirmsandamendingCouncil_Directive_Ԁ82/891/EEC,andDirectives2001/  $ 24/EC,2002/47/EC,2004/25/EC,2005/56/EC,2007/36/EC,2011/35/EU,2012/30/EUand !W% 2013/36/EU,andRegulations(_EU_)No1093/2010and(_EU_)No648/2012,ofthe_European_ J""& ParliamentandoftheCouncil)semfjrmla-og_efnahagsrWuneytiW_ԀvinnuraWinnleiWa #' slenskanrtt.AWaukikannaWfallahrundirYegarhrattgengurlaustf_fjrmlafyrir #( tkisins_ԀYannigaWlklegtsaWYaWgetiekkininniframtWuppfylltskuldbindingarsnar $ ) gagnvart_innstWueigendum_ԀogWrumkrfuhfum.MlikvarWinnveruleganvafasam v%N!* kvmtkvWinuskaleftirfremstamegniverahlutlgur.NUr9._tlul_.byggistd-liW18.gr. A&"+ _tilskipunar_Ԁ2013/36/ESBenkvWiWvsareinnigtil1.mgr.104.og105.gr.smu_tilskip  '", unar_. '#-   0nUjum10._tlul_.eraWfinnaheimildtilYessaWsvipta_fjrmlafyrirtki_ԀstarfsleyfiefYaW ( brUturgegnskyldutilYessaWviWhalda_eiginfjrauka_Ԁvegna_kerfishttu_Ԁskv.84.gr.bog  takmarkanirgrundvelli6.mgr.84.gr.ahafaekkinWtiltluWumrangri.HeimildinaeraW  finna17.mgr.133.gr._tilskipunar_Ԁ2013/36/ESBenkvWiWvsartil64.gr.smu_tilskip a unar_ԀsemkveWurumheimildir_eftirlitsaWila_.017.mgr.133.gr._tilskipunar_Ԁ2013/36/ESB T, kemurframaWeftakmarkanir_tgreiWslum_Ԁgrundvelli141.gr._tilskipunarinnar_Ԁreynast  ekkingjanlegaveltilYessaWbta_eiginfjrgrunn_Ԁ_fjrmlafyrirtkis_ԀvegnaYeirrarhttu  sem_eiginfjraukanum_ԀertlaWaWmtamegi_eftirlitsaWilar_Ԁ_aWildarrkjanna_Ԁgrpatil_viW   b;tarheimilda_ԀsemYeireigaaWhafagrundvelli64.gr._tilskipunar_Ԁ2013/36/ESB,YarmeWal  X sviptingar_starfsleyfis_ԀheildeWaaWhluta. K #    Um6.gr.      MeWkvWinuerulagWartilbreytingar17.gr.lagannasemfjallarum_httustUringu_   _fjrmlafyrirtkja_.MeWtilskipun2013/36/ESBerusettarauknarskyldur_fjrmlafyrirtki_ wO  YannigaWYauhafiyfiraWrWavirkri_httustUringu_ԀsemgetifullngjandihttmetiW B  httustarfsemi_fjrmlafyrirtkis_Ԁogveittstj;rnfyrirtkisinsyfirlityfirraunverulega    httuogfullngjandiaWstoWviWaWskiljahttuna.TilskipuninsetureinnigYrauknu   skyldurstj;rnarmenn,ogstj;rnfyrirtkisinsheild,aWYeirgetiskiliWhttustarfsemi {  _fjrmlafyrirtkis_ԀogtekiWkvarWanirgrundvelliYeirrarhttusemstarfsemifyrirtkisins nF felursr.SamhliWaYessuogmeWWrumbreytingum17.gr.lagannaerlagttilaW_fjr 9 mlafyrirtki_Ԁskuligrundvelli1.mgr.17.gr.setjainnriferlatilaWmetanauWsynlegastrW,  samsetninguoginnridreifingu_eiginfjrgrunns_ԀmeWhliWsj;nafhttusemstarfsemiYeirra  felursr.MeWbreytingunumerlagttilaW17.gr.lagannaverWikveWiWumaWinnri_ferlar_ r skulintilmeWhndlunarYeirra_httuYtta_Ԁsemtilteknireru78.gr.a!78.gr.iogaW e= _fjrmlafyrirtkjum_ԀberiaWsetjaferlasemsamrmastkrfumogskilyrWumhvers_httu 0 Yttar_Ԁfyrirsig.    0kvWinuerkveWiWum_;hWi_Ԁoghelstuverkefni_httustUringar_,_Y.m.t._ԀupplUsinga  flun.SamkvmtkvWinuergertrWfyriraWyfirmaWur_httustUringar_ԀssjlfstWur i stj;rnandiogheyriekkiundiraWrayfirmennenframkvmdastj;raogskalframkvmdastj;ri \4 rWayfirmann_httustUringar_.MeWYessuaWtryggja_;hWi_Ԁhanssemstj;rnandaoger ' mikilvgtaWstrfhansYgu_fjrmlafyrirtkis_ԀleiWiekkiafsrhagsmunarekstraoghann  sinniekki_tekjuflun_Ԁ_fjrmlafyrirtkis_ԀafhefWbundinnibankastarfsemi.SyfirmaWur  _httustUringar_ԀekkisrstkustWugildiermikilvgtaWviWkomandistarfsmaWursinniekki `  WrumstrfumsemkunnaaWfelasrhagsmunarekstra.0nUrri6.mgr.greinarinnarerlagt S+! tilaWyfirmanni_httustUringar_ԀverWihvorkisagtuppnhannfrWurtilstarfinemaaW " fengnusamYykkistj;rnarfyrirtkisins.XaWtelstekkingjanlegtaWstj;rn_fjrmlafyrirtkis_ # veitisamYykkisittfyriruppsgn,frslustarfieWabrottrekstrieftir.XettaersamrmiviW  $ 5.mgr.76.gr._tilskipunar_Ԁ2013/36/ESB. !W%   Meginverkefni_httustUringar_ԀeraWkomaaWllumviWameirikvrWunumsemsnaaW J""& _httustUringu_,aukYesssem_httustUring_ԀskalsjtilYessaWallarskUrslursemsnaaW #' httustarfsemi_fjrmlafyrirtkis_ԀsuunnarogYeimskilaWtilstj;rnendaog_eftirlitsaWila_. #( _httustUring_ԀskalhafayfirsUnyfir_httuYtti_Ԁstarfsemi_fjrmlafyrirtkis_. $ )   GerterrWfyriraW_fjrmlafyrirtki_ԀtryggiaWgang_httustUringar_ԀaWllumupplUsingum v%N!* ogggnumsemnauWsynlegeruviWstrfhennar.EkkierafmarkaWkvWinuhvaWanggn A&"+ eWaupplUsingareigaaWkomaeWahvaWaformiYreigaaWvera._Fjrmlafyrirtki_Ԁskalhins  '", vegartryggjaaW_httustUring_ԀhafillggnogupplUsingarsemeiningintelurnauWsynlegar '#- tilaWsinnaskyldumsnum.0sumumtilvikumskulustarfsmennsemsinna_httustUringu_ ( sjlfirmetahvaWanslkggneWaupplUsingareigaaWkomaogformYeirra.    0nUrri7.mgr.greinarinnareraWfinnaheimildfyrir_fjrmlafyrirtki_ԀtilYessaW;skaeftir  YvviW_FjrmlaeftirlitiW_ԀaWYaWfiundanYgufrYvaWverameWsrstaktstWugildifyrir a yfirmann_httustUringar_.Getur_FjrmlaeftirlitiW_ԀYheimilaWaWannarstarfsmaWurhafi T, umsj;nmeW_httustUringu_Ԁfyrirtkisins,endasgttaW_hagsmunarekstrum_.Samkvmt  kvWinuergertrWfyrirYvaWviWmat_Fjrmlaeftirlitsins_ԀYvhvortYrfssrstku  stWugildiskulihorfttileWlisogumfangsstarfsemifyrirtkisinsogYesshversumargYtt   hner.GerterrWfyrirYvaW_FjrmlaeftirlitiW_Ԁgetigrundvelli_regluheimildar_Ԁskv.8.mgr.  X kveWiWumYaWhvenrstarfsemi_fjrmlafyrirtkis_ԀrttltiraWekkistilstaWarsrstakt K #  stWugildiyfirmanns_httustUringar_.Sambrileg_undanYguheimild_ԀogkveWiWerum    kvWinueraWfinna5.mgr.16.gr.lagannaumstarfrksluinnri_endurskoWunardeildar_.    BreytingargreininnierubyggWar76.gr._tilskipunar_Ԁ2013/36/ESB.     Um7.gr. B  #4  MeWbreytingulgumnr.161/2002,um_fjrmlafyrirtki_,meWlgumnr.75/2010,var    _Fjrmlaeftirlitinu_ԀfenginheimildtilYessaWsetjareglurumhvaWteljisteWlilegirog   heilbrigWir_viWskiptahttir_Ԁ_fjrmlafyrirtkja_.0kjlfarbreytingarinnarh;f_FjrmlaeftirlitiW_ {  vinnuviWgerWslkrareglnasemleidditiltgfureglnanr.670/2013,umeWlilegaogheil nF brigWa_viWskiptahtti_Ԁ_fjrmlafyrirtkja_.0reglum_Fjrmlaeftirlitsins_ԀernYegarfjallaWum 9 YYttisemnefndirerukvWi7.gr.frumvarpsins.TeljaverWuraWYessirYttirsumeWal  YeirrasemfallaundirviWskipti_fjrmlafyrirtkja_Ԁskilningi19.gr.ngildandilagaoger  meWkvWinutekinafallurvafiYaraWltandi. r   TeljaverWuraWg;Wsamskipti_fjrmlafyrirtkja_ԀviWviWskiptavinisnaog_upplUsingagjf_ e= tilYeirras_lykilYttur_ԀeWlilegum_viWskiptahttum_.0lgumogreglumerekkiaWfinnaleiW 0 beiningarumhvernig_fjrmlafyrirtki_ԀskulimeWhndlakvartanirviWskiptavinasinna.Hins  vegarhafa_eftirlitsstofnanir_Ԁ_fjrmlamrkuWum_ԀEvr;pu(Evr;pska_bankaeftirlitsstofnunin_  (EBA),_VerWbrfamarkaWseftirlitsstofnun_ԀEvr;pu(ESMA)og_Vtryggingastofnun_ԀEvr;pu i (_EIOPA_))allargefiWtleiWbeiningar,hverfyrirsinnmarkaW,umhvernigberiaWhagaslkum \4 mlum(e._guidelines_Ԁoncomplaintshandling).MikilvgteraW0slandtakiYttYeirriYr;un ' ogerureglur_Fjrmlaeftirlitsins_ԀumeWlilegaogheilbrigWa_viWskiptahtti_Ԁ_fjrmlafyrirtkja_  heppilegurvettvangurfyrirslkarleiWbeiningar.    Fyrirbreytingub-liWervsaWtilbreytingar21.gr.frumvarpsinseneffrumvarpYetta `  verWuraWlgumverWurngildandi3.mgr.19.gr.aW7.mgr.54.gr.laganna. S+!   Um8.gr. # ]@  08.gr.frumvarpsinserlagttilaWtgfa_rafeyris_Ԁgetitalisttil_starfsheimilda_ԀviWskipta  $ banka,sparisj;Waog_lnafyrirtkja_.XessibreytingergerWsamrmiviWbreytingarsem !W% gerWarvorumeWlgumnr.17/2013,umtgfuogmeWferW_rafeyris_,enb-liW8._tlul_.4.gr. J""& YeirralagakemurframaWtgefandi_rafeyris_Ԁgetim.a.veriW_fjrmlafyrirtki_ԀmeWstarfsleyfi #' tilm;ttku_innlna_Ԁogannarra_endurgreiWanlegra_Ԁfjrmunafralmenningiogveitingar_tlna_ #( fyrireiginreikning.015._tlul_.viWaukaIviWtilskipun2013/36/ESBereinnigkveWiWum $ ) Yessaheimild. v%N!*   A&"+ & ,        Um9.gr. ( vE  UmeraWrWaskilgreininguhugtakinu?fyrirtkitengt_fjrmlasviWi_ .VsaWertil  skUringarmeW1.gr.frumvarpsinsensamkvmtbreytingunnierlagttilaWllhugtkog_orW  ',(8EskUringar_ԀlagannasufrWsrstk_orWskUringarkvWi_.Xvfellurskilgreininginbrottr a kvWi1.mgr.28.gr.laganna. T,   Um10.gr.  G  LgWertilbreyting2.mgr.29.gr.alaganna.kvWi29.gr.alagannakominnmeW   lgumnr.75/2010,umbreytingulgumum_fjrmlafyrirtki_.Tilgangur2.mgr.kvW  X isinsvaraWtakmarkaverulegaheimildir_fjrmlafyrirtkis_ԀtilYessaWveitatilteknumaWilum K #  semnefndirerukvWinulneWaaWrarfyrirgreiWslur.LagWarerutilnokkrarbreytingar    kvWinufrumvarpiYessu.      Samkvmt1._mlsl_.er_fjrmlafyrirtki_Ԁ;heimiltaWveita_stj;rnarmanni_,framkvmda   stj;ra,_lykilstarfsmanni_,eWaYeimsemvirkaneignarhlutYv,ogaWilannumtengslum wO  viWhannlneWaaWrafyrirgreiWslu,nemagegntraustum_tryggingum_.MeWskUringunnum B  tengslumsamkvmtkvWinuvsast1._tlul_.1.gr.alaganna.Tilvsuntiltraustrartrygg    ingavsarm.a.YaWaWfjrhWlnveitingareWafyrirgreiWslutekurekkitillittil_httu   mildandi_ԀYtta,nemaundantekningartilfellum,heldurermiWaWviWbrtt;stWugagnvart {  tilteknumaWilaeWaaWilum.grundvellireglnasem_FjrmlaeftirlitiW_ԀseturmeWstoW3. nF mgr.skal_fjrmlaeftirlitiW_ԀkveWaumundantekningarfr_hmarksfjrhW_ԀkvWisinsmeW 9 tillititiltryggingasemheimilaaWfariWsyfir_hmarksfjrhW_Ԁ3._mlsl_.eneftrygginger_t.d._  veitt,aWfullumeW_innstWu_ԀeWabyrgWrkiseWasveitarflagsogannarasambrilegra  trygginga,skalYaWheimilt.02._mlsl_.kvWisinseraWfinnaskilgreininguYvhvaWteljist r fyrirgreiWslasamkvmtkvWinu.03._mlsl_.erkveWiWumYaWaWlneWannurfyrir e= greiWslaskv.1._mlsl_.2.mgr.megihstnema200millj._kr_.aWteknutillititil30.gr.laganna. 0 SbreytingerYvgerWkvWinuaWekkierlengurmiWaWviWhlutfall_eiginfjrgrunns_  heldurviWfjrhWsemtekurjafnttilallra_fjrmlafyrirtkja_,Y;aWteknutillititil30.gr.  lagannasemfjallarumst;rar_httuskuldbindingar_.MeWbreytingunniereinniglagttilaW i orWin?samtalalnsogannarrarfyrirgreiWslu btistviWkvWi3._mlsl_.frYvhvernig \4 kvWiWerorWaWngildandilgumensamkvmtYvtekurfjrhWlnseWaannarrar ' fyrirgreiWslumiWafstWuallraaWilasemtaldireruhafanintengslgrundvelli1._mlsl_.Ef  stj;rnarmaWurhefur_t.d._ԀfengiWlnhj_fjrmlafyrirtki_ԀaWfjrhW100millj._kr_.mundi  fjrhWsem_stj;rnarmaWurinn_ԀfkklnaWatakmarka_lnveitingu_ԀtilaWilasemtelsthafanin `  tengslviW_stj;rnarmanninn_ԀviW100millj._kr_.XessvegnaereinniglagttilaW_fjrhWin_Ԁhkki S+! r100millj._kr_.frYvsemngildirogupp200millj._kr_.YarsemumeraWrWafjrhW " semgeturtekiWtilh;psaWila.X;geturtryggingkomiWtil_frdrttar_Ԁeinsogkemurfram # athugasemdumviW1._mlsl_.  $   04.og5._mlsl_.erlagttilaWnUreglaum_armslengdarsj;narmiW_ԀbtastviWkvWiW.NU !W% reglaertilkominvegnaathugasemda_AlYj;Wagjaldeyrissj;Wsins_Ԁumfylgni_Fjrmlaeftirlitsins_ J""& viW_kjarnareglur_Ԁ_Basel_Ԅnefndarinnar.MeWnUjum_mlsliWum_ԀertrekaWaW_armslengdarsj;nar #' miW_ԀeigiaWrWafrvegnaviWskiptaeigendavirkra_eignarhluta_,stj;rnarmanna,framkvmda #( stj;raog_lykilstarfsmanna_,aukaWilannumtengslumviWY,YegarYeirstundaviWskiptiviW $ ) _fjrmlafyrirtki_.Skv.6._mlsl_.kvWisinstekurtakmrkun1._mlsl_.umlneWaaWrar v%N!* fyrirgreiWslurekkitil_lnveitinga_Ԁtileigendavirkra_eignarhluta_ԀYegareigandi_virks_Ԁ_eignar A&"+ hluta_ԀerrkieWasveitarflag.Tvennskonarmismunandisj;narmiWerubakviWYessa_undan  '", tekningarreglu_.Annarsvegarerusamflagslegsj;narmiWenefundantekninginvriekkitil '#- staWargeturregla1._mlsl_.leitttilkveWinnatakmarkana_aWgangi_ԀsveitarflagaaW_lnsfjr ( magni_ԀYarsemsveitarflgeigaoft_eignarhluti_Ԁ_fjrmlafyrirtkjum_ԀsemstarfaviWkomandi  sveitarflgum.Hinsvegarerusj;narmiWum_eignarhluta_Ԁrkisins_fjrmlafyrirtkjum_,en  _eigendastaWa_ԀslenskarkisinsaW_fjrmlafyrirtkjum_ԀgtitakmarkaWkaupumrddraflaga a rkisskuldabrfumsamkvmtYrengstaskilningiorWalags2.mgr.greinarinnar.07._mlsl_. T, kemurframaWlneWannurfyrirgreiWslaeigiekkiviWum_innln_Ԁeiguannars_fjrmla  fyrirtkis_.Xer_lokamlsliW_ԀkvWisinskveWiWumheimild_Fjrmlaeftirlitsins_ԀtilYess  aWveitaeinstaklingumeWa_lgaWilum_Ԁheimild& a tilYessaWfarayfirfjrhWarmrkinsemtil   greinderu3._mlsl_.,_Y.e._Ԁ200millj._kr_.hmarkiW.Skal_undanYgan_Ԁeinungisveittsr  X stkumtilvikum.'a eg K #    MeWfrumvarpinuereinniglgWtilbreyting3.mgr.greinarinnarseminniheldurheimild    fyrir_FjrmlaeftirlitiW_ԀtilYessaWsetjannarireglurgrundvellikvWisins.MeW    breytingunnierlagttilaWorWin?fjrhWar_httuskuldbindingar_ fallitogstaWYesskomi   ?lnseWaannarrarfyrirgreiWslu semsrstaklegaernskilgreindbreyttri2.mgr.samtYv wO  kemureinnigframnUjuorWalagikvWisinsaW_Fjrmlaeftirlitinu_ԀhafiheimildtilYessaW B  kveWasrstaklegaum_hmarksfjrhWir_ԀlnaeWaannarra_fyrirgreiWslna_Ԁntrygginga    grundvellikvWisins.XarsemfjrhWlnsskv.2.mgr.geturtekiWtilh;psninnaaWila   YykirrttaWreglum_Fjrmlaeftirlitsins_ԀsgetiWumsrstakafjrhWeWafjrhWir,lna {  eWaannara_fyrirgreiWslna_,ntryggingaYegarreglantekurtilh;pseinstaklingaogfyrirtkja nF YeimtilgangiaWhgtsaWhaldadaglegum_bankaviWskiptum_ԀviWumrddaaWilahj 9 bankanumogskuluYrmiWaviWaWkvWiWgetitekiWtilh;psmanna.XyrWiYaWYannig  aWfjrhWsemngildirumeinstaklingsamkvmtreglum_Fjrmlaeftirlitsins_,nr.162/2011,  umfyrirgreiWslur_fjrmlafyrirtkis_Ԁtilstj;rnarmanna,framkvmdastj;ra,_lykilstarfsmanna_ r eWaYeirrasemeigav_irkan_ԀeignarhlutYv,eWaaWilannumtengslumviWframangreinda, e= semYaWhefursettgrundvelli3.mgr.takitilhverseinstaksaWilaYegarumh;pninnaaWila 0 eraWrWa.03.mgr.ereinniggertrWfyriraW_FjrmlaeftirlitiW_ԀkveWiumundantekningar  fr_hmarksfjrhW_Ԁ3._mlsl_.2.mgr.varWanditryggingarsemheimilaaWfariWsyfir_h  marksfjrhWina_Ԁeneftrygginger_t.d._ԀveittaWfullu,meW_innstWu_ԀeWabyrgWrkiseWa i sveitarflagsogannarasambrilegratrygginga,skalYaWheimilt. \4   Um11.gr.  t  MeWkvWinuerulagWartilbreytingar30.gr.lagannasemfjallarumtakmarkanir  st;rum_httuskuldbindingum_.Breytingarnarerum.a.tilkomnarvegna_endurskoWaWra_Ԁreglna `  _Fjrmlaeftirlitsins_,nr.625/2013,umst;rar_httuskuldbindingar_Ԁhj_fjrmlafyrirtkjum_. S+!   01.mgr.greinarinnarerkveWiWumaW_httuskuldbinding_Ԁvegnaeins_viWskiptamanns_ " eWah;pstengdraviWskiptamanna,aWteknutillititil_httumildandi_ԀYtta,megiekkifarayfir # 25%af_eiginfjrgrunni_Ԁ_fjrmlafyrirtkis_,sbr.84.og85.gr.laganna.UmrttkvWigrein  $ arinnarmfinna1._mlsl_.1.mgr.gildandi30.gr.lagannaenmeWbreytingunnierskUrt !W% tekiWframaWmiWaWerviW25%hlutfalliWeftiraWtekiWertillittil_httumildandi_ԀYtta. J""& _FjrmlaeftirlitiW_Ԁskalsetjareglurumhverjir_httumildandi_ԀYttirsamkvmtkvWinu #' megivera. #(   02.mgr.greinarinnarerlagttilaWsrstakt_fjrhWarmark_ԀverWilgfestvegna_httu $ ) skuldbindinga_Ԁhj_fjrmlafyrirtkjum_ԀYarsemm;taWilinnerannaW_fjrmlafyrirtki_.Mlt v%N!* erfyrirumslkt_fjrhWarmark_Ԁ1.mgr.111.gr._tilskipunar_Ԁ2006/48/EB,meW_orWnum_ A&"+ breytingumsamkvmttilskipun2009/111/EB,sem_innleidd_ԀhefurveriWslenskanrttmeW  '", lgumnr.119/2011oglgumnr.47/2013._AWildarrkjum_Ԁ_EES_ԀerheimiltaWbindaslk '#- _fjrhWarmrklgsneWastj;rnvaldsfyrirmlinemiYauekkihrrifjrhWen150millj ( ;numevraeWau.Y.b.23milljrWumslenskrakr;na.0frumvarpiYessuerlagttilaWlgfest  verWi10milljarWakr.fjrhWarmark.EkkierYvgertrWfyriraWheimilhmarksfjrhW  samkvmtreglumEvr;purttarverWinUtt,endaYykirhnofhmiWaWviWslenskaraW a stWur.XannigereiginfjrgrunnurYriggjastrstuviWskiptabankannabilinu180til230 T, milljarWarkr.EiginfjrgrunnurYessviWskiptabankasemnstkemurYeimertpir4millj  arWarkr.ogYereiginfjrgrunnurannarrafjrmlafyrirtkjabilinu2til16milljarWarkr.  Xannigtti10milljarWakr.hmarkiWaWverangjanlegttillausafjrstUringarfyrirllfjr   mlafyrirtkisemlgintakatilogYvtti10milljarWakr.hmarkiWaWverangjanlegtfyrir  X llfjrmlafyrirtkisemstarfahrlandi. K #    03.mgr.kvWisinssegiraWhttuskuldbindingvegnaviWskiptamannssemerfjrmla    fyrirtkieWah;pstengdraviWskiptamannaseminniheldurfjrmlafyrirtkimegiekkifara    yfir25%afeiginfjrgrunnifjrmlafyrirtkiseWasemnemur10milljrWumkr.,hvortsem   erhrra.Xegar25%afeiginfjrgrunnifjrmlafyrirtkisnemurlgrifjrhWen10millj wO  rWumkr.ergertrWfyriraWhttuskuldbindingarvegnafjrmlafyrirtkjagetifariWupp B  fyrir25%hmarkiW.XrmegaY;ekkiverahrrien100%afeiginfjrgrunni,nemasr    stkumtilvikumaWfengnuleyfiFjrmlaeftirlitsins.     4.og5.mgr.greinarinnareru;breyttarfrkvWum2.mlsl.1.mgr.og2.mgr.30.gr. {  gildandilaga. nF   06.mgr.kvWisinslagttilaWFjrmlaeftirlitiWgetisrstkumtilvikumveittfjrmla 9 fyrirtkiundanYgufrtakmrkunum1.!3.mgr.greinarinnarsamrmiviWkvWi4.mgr.  111.gr.tilskipunar2006/48/EB,meWorWnumbreytingum,samkvmttilskipun2009/111/  EB.UndanYganeralmennogbeinistekkisrstaklegaaWtilvikumYarsemfjrmlafyrirtki r hefurYegarfariWyfirYaumrksemkveWiWerum1.mgr.30.gr.laganna.LklegtmY; e= teljaaWfyrstogfremstreynislkaundanYgukomitilYessaWfjrmlafyrirtkifariyfirYau 0 mrksemkveWiWerum1.mgr.,Y.e.eftiraWslkttilfellihefurkomiWupp.GerterrWfyrir  YvaWviWmatYvhvortveitaeigiundanYgusamrmiviWkvWilagannaltiFjrmla  eftirlitiWtilreglnanr.625/2013,umst;rarhttuskuldbindingarhjfjrmlafyrirtkjum, i semsettarvorugrundvelli4.mgr.30.gr.gildandilagaogYesshvernigundanYgunnier \4 beittsamkvmtreglumEvr;purttar,sbr.111.gr.tilskipunar2009/111/EB(CRDII)og396. ' gr.reglugerWar(ESB)nr.575/2013.Reglur625/2013,umst;rarhttuskuldbindingarhj  fjrmlafyrirtkjum,skuluhaldagildisnu,aWYvleytisemYrsamrmastlgumYessum,  eftirbreytingusemlgWertilmeWYessufrumvarpimeWstoW7.mgr.30.gr.laganna,verWi `  frumvarpYettasamYykkt.Sbreytingsemfelst6.mgr.greinarinnarhelsthendurviW S+! breytingar2.og3.mgr.greinarinnarvarWandifjrhWarmarkvegnahttuskuldbindinga " gagnvartfjrmlafyrirtkjumogbreytingarsemgerWarhafaveriWfrdrttarliWum9.gr. # reglnaFjrmlaeftirlitsins,nr.625/2013.ViWendurskoWunreglnannavorufrdrttarliWirg-,  $ h-ogp-liWar4.gr.eldrireglumumst;rarhttuskuldbindingar,nr.216/2007,felldirt. !W% VarYaWgerttilsamrmisviWbreytingarsemtilskipun2009/111/EBhafWifrmeWsr. J""& XettaollihinsvegarminnifjrmlafyrirtkjumnokkrumerfiWleikumvegnalausafjrstUr #' ingaraukYesssemtaliWermikilvgtaWlgfestaheimildtilaWveitaslkaundanYgu,enda #( erhnmikilvgurhlutiafhinuendurskoWaWaregluverkisemsnUraWst;rumhttu $ ) skuldbindingum. v%N!*   07.mgr.kvWisinserkveWiWmeWskUrumhttiumaWreglumumst;rarhttu A&"+ skuldbindingarskulifjallaWumeiginfjrkrfurvegnaumframhttust;rrahttuskuld  '", bindinga.ErYettagerttilaWskj;tastyrkarilagastoWundirkvWiervarWa_meWhndlun '#- _umframhttu_Ԁst;rra_httuskuldbindinga_ԀsemhafaveriW_innleidd_Ԁreglursem_Fjrmla ( eftirlitiW_Ԁhefursett.    XermeWkvWinulagttilaWfelltverWibrottrgildandikvWi30.gr.aWsamtalast;rra  _httuskuldbindinga_Ԁmegiekkifarayfir400%af_eiginfjrgrunni_,ogerYaWgerttilsamrmis a viWreglur_Fjrmlaeftirlitsins_Ԁumst;rar_httuskuldbindingar_Ԁhj_fjrmlafyrirtkjum_.S T, breytingereinnigsamrmiviWgildanditilskipanir2006/48/EBog2006/49/EB.ViWendur  skoWungildandi_bankatilskipana_ԀmeW_breytingatilskipun_Ԁ2009/111/EBvarumrtt400%h  mark_samtlu_Ԁst;rra_httuskuldbindinga_Ԁfelltrgildi,endavarmeW_endurskoWuninni_Ԁgert   rWfyriraW_httuskuldbindingar_Ԁ_fjrmlafyrirtkja_Ԁvegnaannarra_fjrmlafyrirtkja_Ԁgeti  X almenntveriWbilinu25til100%ogeinstkumtilvikumhrrien100%.VegnaYessara K #  breytingagtiYaWorWiW_Yyngjandi_ԀaW_lgfesta_Ԁfram400%hmark_samtlu_Ԁst;rra_httu    skuldbindinga_ԀogYekkistYaWhvergiNorWurlndum,endaerhvorkikveWiWumslkt    hmarkgildandi_bankatilskipunum_ԀnreglugerW(_ESB_)nr.575/2013.     LokserugerWar_orWalagsbreytingar_ԀinnangreinarinnarogstaWhugtaksins?st;rhtta  wO  kemurhugtakiW?st;r_httuskuldbinding_ .ErYaWgerttilaWsamrmahugtkinnankvW B  isinsenngildandikvWierubWihugtkinnotuWsemverWuraWteljast;heppilegt.AW    samaskapifelstYessaribreytingumikilvgsamrmingYvhvernighugtakiWermeW   hndlaWreglum_Fjrmlaeftirlitsins_Ԁumst;rar_httuskuldbindingar_,enskrunvarmilli {  _hugtakanotkunar_ԀtextakvWisinsognefndrareglna.MeWfrumvarpinuereinniglagttilaW nF hugtakiW?st;r_httuskuldbinding_ veriWfrt_orWskUringakafla_ԀlagannaogverWiskilgreint 9 26._tlul_.1.gr.averWifrumvarpYettaaWlgum.    Um12.gr. r   TilviWb;tarviWngildandikvWierlagttilaWtilkynningu_fjrmlafyrirtkis_,_Y.e._ e= _fjrmlafyrirtkis_ԀsemhyggstveitaYj;nustugrundvellilaganr.108/2007,umverWbrfa 0 fyrirtki_EES_-svWinu,til_Fjrmlaeftirlitsins_Ԁumstarfsemin_tibs_ԀWrurkiEvr;pska  _efnahagssvWinu_,_aWildarrki_Ԁ_Frverslunarsamtaka_ԀEvr;pueWaFreyjumskulikomafram  hvortfyrirtkiWhyggstnotafastaumboWsmenn.kvWiW_innleiWir_ԀaWfullu2.mgr.31.gr. i bhluta_tilskipunar_Ԁ2004/39/EB(_MiFID_)slenskanrttentilskipuninvar_innleidd_Ԁslenskan \4 rttmeWlgumnr.111/2007,umbreytingarlagakvWumum_fjrmlafyrirtki_Ԁ_o.fl_. '   Um13.gr.    0a-liWerugerWartvrbreytingarngildandi40.gr.laganna.Skv.2._mlsl_.40.gr.er `  einungisskyltaWtilkynnaaukningueignarhlut_fjrmlafyrirtki_Ԁef_eignarhluturinn_Ԁferyfir S+! YaumrksemtilgreinderukvWinu.Slkter;samrmiviWreglur_Evr;purttar_Ԁenskv. " 22.gr._tilskipunar_Ԁ2013/36/ESBskaltilkynnaumslkabreytinguefhnnrumrddum # mrkumeWaferyfirumrddmrk(e._Reach_Ԁ_or_ԀExceed).SamakvWieraWfinna19.gr.  $ _tilskipunar_Ԁ2006/48/EBsemWurhefurveriW_innleidd_Ԁslenskanrtt.EinnigerlagttilaW !W% hlutfalliW25%fallibrottrkvWinu.022.gr._tilskipunar_Ԁ2013/36/ESBereinungisaWfinna J""& hlutfllin20%,30%og50%ensamkvmt_lokamlsliW_Ԁ1.mgr.22.gr._tilskipunarinnar_Ԁm #' nota33%hlutfallstaW30%hlutfallsins.MeWbreytingunnierYvlagttilaWslensklgsu #( samrmiviWreglum_Evr;purttar_Ԁumsamaefni. $ )   0b-liWerlagttilaWnUmlsgreinbtistviW40.gr.laganna.MeWnUrrimlsgreinerhnykkt v%N!* Yeirri_grunnreglu_ԀlagannaaWkaupaWilavirkumeignarhlutgangifyrstgegnYegar A&"+ _FjrmlaeftirlitiW_ԀhefurmetiWhannhfantilaWfarameWslkaneignarhluthluteWaYegar  '", _tmafrestur_ԀerliWinnlgumsamkvmt. '#- Ї& a   Um14.gr. (   0greininnierulagWartilfimmbreytingarngildandikvWi1.mgr.42.gr.laganna.0  fyrstalagibtistviWtilvsuntil41.gr.'a(laganna1._mlsl_.kvWisinsogWrulagibtist  nUr2._mlsl_.viWkvWiW.0YriWjaogfj;rWalagierugerWarbreytingar_viWmiWunar a dagsetningum_Ԁ4.og5._mlsl_.kvWisinsenstaWYessaWmiWaviWm;ttkutilkynningar T, ermiWaWviWYanntmaYegar_FjrmlaeftirlitiW_ԀstaWfestirm;ttkutilkynningar.Breyting  arnar1.og5._mlsl_.eigam.a.aWleiWatilYessaWYegarmetahfiYesssemhyggsteignast  eWaaukaviWvirkaneignarhlutYurfiallarupplUsingarsemtilgreindareru41.gr.laganna   aWberast_Fjrmlaeftirlitinu_.Breytingarnarbyggjast2.mgr.22.gr._tilskipunar_Ԁ2013/36/  X ESB.TekiWskalframaWbreyttuorWalagierekkitlaWaWlengjaYannfrestsemkveWiWer K #  um42.gr.0fimmtalagibtistnUr_mlsliWur_ԀviWkvWiW.kvWiWveitir_Fjrmlaeftir    litinu_ԀheimildtilYessaWlengjabiWeftirupplUsingumef;skaWereftirviWb;tarupplUsingum    fraWilumsemhyggjasteignasteWaaukaviWvirkaneignarhlutogYeirerustaWsettirutan   Evr;pska_efnahagssvWisins_ԀeWaltaekkiopinberu_fjrmlaeftirliti_ԀinnansvWisins. wO  kvWiWeraWfinna4.mgr.19.gr._tilskipunar_Ԁ2006/48/EBog4.mgr.22.gr._tilskipunar_ B  2013/36/ESBsemfjallarummathfivirkraeigenda.      kvWi42.gr.lagannavarlgfestnverandimyndmeWlgumnr.75/2010,umbreyting   lgumum_fjrmlafyrirtki_,nr.161/2002,meWsWaribreytingum.kvWiWbyggist {  tilskipun2007/44/EBsem_innleidd_ԀhefurveriWslenskanrtt.kvWiWeraWfinnad-liW nF 1.mgr.23.gr._tilskipunar_Ԁ2013/36/ESB.0ngildandikvWi2._mlsl_.4._tlul_.2.mgr.42. 9 gr.lagannaervsaWtil?h;psfyrirtkja enhrerlagttilaWtalaWverWium?samstWuf  laga .TilYessaWfyrirbyggja;YarfamisskilningYykirrttaWorWanotkunsbreyttsvoaW  kvWiWsskUraraogsamrmiviW_hugtakanotkun_Ԁlaganna. r & ,   Um15.gr. 0 K  LagtertilaWrttuWverWisheimild_Fjrmlaeftirlitsins_ԀtilaWtakakvrWunumhfi  aWilatilYessaWverWaeigandi_virks_Ԁeignarhlutar_fjrmlafyrirtki_Ԁgrundvellifyrirliggjandi  ',0?gagnaWuren_tmafrestur_Ԁskv.42.gr.lagannalWur.SambrilegtkvWieraWfinna2.mgr. i 23.gr._tilskipunar_Ԁ2013/36/ESB.SamkvmtkvWinuer_eftirlitsaWila_ԀheimiltaWsynjaYv \4 aWaWilieignisteWaaukiviWvirkaneignarhlutsinn,sbr.40.gr.laganna,ef_eftirlitsaWilinn_ ' hefur;skaWeftirviWb;tarupplUsingumogYeimhefurekkiveriWskilaWeWaYreru;full  ngjandi.    Um16.gr. S+!   LagtertilaW46.gr.alagannafallibrott.kvWiWvarlgfestnverandimyndmeWlg " umnr.75/2010,umbreytingulgumum_fjrmlafyrirtki_,nr.161/2002,meWsWaribreyt # ingum.OrWalagkvWisinsogskUringarmeWYveruekkiaWfullusamrmiviWinntak_VI_.  $ kaflalagannaog2.kafla_tilskipunar_Ԁ2013/36/ESB,YessefnisaWhyggistaWilieignastvirkan !W% eignarhlut_fjrmlafyrirtki_ԀskulitilkynnafyrirframumYauformogaWkaupaWilaverWi J""& ekkiaWraunveruleikafyrrenaWloknumati_Fjrmlaeftirlitsins_ԀhfiaWilaeWaYegar_frestur_ #' _Fjrmlaeftirlitsins_ԀtilaWleggjamathfiaWilaerliWinn.MeWvsantil_skUrleika_Ԁogsam #( rmismillilaganr.161/2002og_tilskipunar_Ԁ2013/36/ESBYykirYvrttaWfellakvWiW $ ) brott. v%N!*   Um17.gr.  '", $  VsaWerathugasemdirviW1.gr.frumvarpsins. '#- Ї  Um18.gr. (   Samkvmt49.gr.lagannagetur_FjrmlaeftirlitiW_ԀkrafisthverskonargagnaogupplUsinga  tilYessaWmetahvorteigandihafieignastvirkaneignarhlutntilkynningarskv.40.gr.eWa  hvortaWaWiliteljisthfurtilYessaWfarameWvirkaneignarhlutskv._VI_.kaflalaganna. a kvWiWhefurveriWtlkaWYannigaWYaWfelisrheimildfyrirviWvarandieftirliti_Fjr T, mlaeftirlitsins_ԀmeWhfieiganda_virks_ԀeignarhlutarogaW_FjrmlaeftirlitiW_Ԁhafiallarheim  ildirtilaWbregWastviWYvYegaraWiliverWurafeinhverjumstWum;hfurtilYessaWfara  meW_eignarhlutinn_.     FyrirbreytingulgunummeWlgumnr.75/2010varYaraWfinnaskUraheimildfyrir  X _FjrmlaeftirlitiW_ԀtilYessaWfarameWviWvarandimathfieigendavirkra_eignarhluta_Ԁog K #  grpatil_rWstafana_ԀtilYessaWtakmarkaheimildireiganda_virks_ԀeignarhlutartilaWfarameW    hlutinn.MeWbreytingu49.gr.lagannameWlgumnr.75/2010fllkvWiWt.Breytingar    lgunummeWlgumnr.75/2010komum.a.tilvegna_innleiWingar_Ԁtilskipun2007/44/EB   slenskanrtt.YaWskalbentaWtilgangur_tilskipunar_Ԁ2007/44/EBvarekkiaWtakmarka wO  viWvarandimat_eftirlitsaWila_Ԁhfieigendavirkra_eignarhluta_Ԁ_fjrmlafyrirtkjum_.MeW B  breytingu49.gr.lagannaerstefntaWYvaWstyrkjaheimild_Fjrmlaeftirlitsins_ԀtilYessaW    farameWviWvarandimathfieigendavirkra_eignarhluta_ԀogbregWastviWYvYegarYeireru   afeinhverjumstWumekkilengurtaldirhfirtilYessaWfarameW_eignarhlutinn_. {    Einsogframkemur1._mlsl_.49.gr.lagannagetur_FjrmlaeftirlitiW_Ԁkrafisthverskonar nF gagnaeWaupplUsingafreinstaklingumeWa_lgaWilum_ԀsemeigaeWafarameWeignarhlut 9 _fjrmlafyrirtki_ԀtilYessaWmetahvortYeirteljisthfirtilaWfarameWvirkaneignarhlutskv.  _VI_.kaflalaganna.EfupplUsingarsem_FjrmlaeftirlitiW_ԀhefurfengiWleiWalj;saWaWilitelst  afeinhverjumstWum;hfurtilYessaWfarameWvirkaneignarhlut_fjrmlafyrirtki_Ԁgetur r _FjrmlaeftirlitiW_ԀnveittaWilahfileganfresttilYessaWgerarbtursunntaWkomaYeim e= viW.MeWYessuerYaWtrekaWaW_FjrmlaeftirlitiW_Ԁskuligta_meWalh;fs_ԀYegarYaWgrpurtil 0 heimildasemYverufengnarmeWkvWinueneinsogframkemurnUrri2.mgr.skal  _FjrmlaeftirlitiW_ԀgrpatilYeirraheimildasemgetiWerum46.gr.lagannaefrb;tumverWur  ekkikomiWviWeWa_frestur_Ԁsem_FjrmlaeftirlitiW_ԀveitiraWilatilYessaWkomahlutumlag i lWurnYessaWgripiWverWitilrb;ta. \4   MeWhliWsj;nafYeimhrifumsemeigendurvirkra_eignarhluta_ԀhafameWeignarhaldisnu ' _fjrmlafyrirtkjum_Ԁog_fjrmlamarkaWi_ԀogmeWtillititilYesshversumikilhrif_fjr  mlafyrirtki_ԀhafalfalmenningsogefnahagslflandsinsverWuraWteljaeWlilegtaWhgt  saWkomavegfyrir;eWlileghrifYeirraeigendasemekkiteljasthfirtilYessaWfarameW `  slkrttindi.EfekkiergripiWtilaWgerWagegn;hfumeigendumvirkra_eignarhluta_Ԁgetur S+! slktleitttilvantraustsalmenningsogfjrfestaviWkomandi_fjrmlafyrirtki_ԀeWa_fjr " mlamarkaWi_Ԁhrlandiheildsem;gnaWgetur_fjrmlastWugleika_.XverurkarstWur # fyrirYvaWreyntsaWkomavegfyrirhrif_;hfra_Ԁeigendavirkra_eignarhluta_Ԁ_fjrmla  $ markaWi_. !W%   BreytinginsemlgWertila-liWtengistnUrrimlsgreinkvWisinsenbreytingskv.c-liW J""& YarfnastekkiskUringa. #'   Um19.gr. $ )   MeWbreytingumsemlagWarerutil19.og20.gr.frumvarpsinserngildandi52.gr. v%N!* lagannaskiptupptvsrstkkvWi,52.gr.og52.gr.a,YannigaWkvWisemtakabeint A&"+  hfistj;rnarmannaverWa52.gr.lagannaenkvWisemfjallaumnnurstrfstj;rnar  '", _manna& a  verWaaWnUrri52.gr.alaganna.samtathugasemdumviW19.gr.frumvarpsinsvsast ( YveinnigtilathugasemdaviW20.gr.frumvarpsins.  'a(  kvWi1.mgr.erefnislegasamhlj;Wangildandi1.mgr.52.gr.laganna.02.mgr.erlagt  tilaWviWkvWiWbtisttilvsuntilYessaWstj;rnarmennmegaekkitengslumviWatvinnu a reksturhafahlotiWd;msWustuturumfyrirrefsiverWanverknaWgegnlgumumgjald T, eyrisml.AWWruleytier2.mgr.greinarinnar;breyttfrgildandilgum.    kvWi3.mgr.greinarinnareraWfinnangildandi1.!3.mlsl.3.mgr.52.gr.laganna.  HrYykirrttaWbendaaW4.mlsl.3.mgr.52.gr.ngildandilagaerfelldurbrottmeW   frumvarpiYessu.UmrddreglakominnslenskalggjfYegarlgnr.161/2002,umfjr  X mlafyrirtki,vorusett.0athugasemdumviWfrumvarptillaganr.161/2002,umfjrmla K #  fyrirtki,komframaWumvriaWrWainnleiWingu1.mgr.6.gr.tilskipunar2000/12/EB    ogvarYttviWtilviksemeigaundirskilyrWium;flekkaWmannorW(e.goodrepute)sam    kvmtumrddrigreintilskipunarinnar.GerWvarbreytingmlsliWnummeWlgumnr.75/   2010,enekkivaraWfinnaskUringufrumvarpisemvarWaWYeimlgumYvafhverju wO  mlsliWnumvarbreytt.SkilyrWiumaWstj;rnarmaWureWaframkvmdastj;riskulihafa B  ;flekkaWmannorWkemurnfyrir2.mgr.52.gr.ngildandilagaoggerirfrumvarpYettarW    fyriraWskilyrWiWverWiYarframverWiYaWaWlgum.VerWuraWteljaaWYaWhuglgamat   semvsaWertilmlsliWnumsemlagtertilaWfallibrottfalliaWlluleytiundirmatYv {  hvortstj;rnarmaWureWaframkvmdastj;rihafi;flekkaWmannorWskv.2.mgr.52.gr. nF   04.mgr.erlagttilaWsamsetningstj;rnarskuliveraYannigaWstj;rnheildbisameigin 9 legayfirfullngjandiYekkingu,hfniogreynslutilaWskiljaYstarfsemisemfjrmlafyrir  tkistundaroghttuYttiYess.MarkmiWkvWisinseraWspornaviWsvonefndrihjarW  hugsun(e.Groupthink).HjarWhugsungeturmyndastYarsemeinsleiturh;purmannakemur r saman,t.d.stj;rnumfyrirtkjaYarsemstj;rnflagsinssamanstendurafh;pieinstaklinga e= YarsemeinstaklingarnireruallireWaflestirafsamakyniogmeWsmumenntun.Fjlbreyti 0 leikivalif;lkistj;rnfyrirtkjaertalinnspornagegnhjarWhugsun,t.d.meWYvaW  stj;rninaveljistf;lksemermismunandiaWkyni,aldriogmenntuneWahefureinhvern  annanhtt;lkanbakgrunn,Y.m.t.reynslu.kvWiWbyggist1.og7.mgr.91.gr.tilskip i unar2013/36/ESB.0inngangsliWumtilskipunar2013/36/ESBsegirm.a.aWYvfjlbreyttari \4 semstj;rnermeWtillititilkyns,aldurs,reynslueWamenntunarYvbetureigihnaWverabr ' tilYessaWsinnaeftirlitsskyldumsnumfjrmlafyrirtkinu.MeWhttuYttumsamkvmt  kvWinuert.d.ttviWYhttuYttisemlagtertilaWverWiaW78.gr.a!78.gr.ilaganna  skv.29.gr.frumvarpsins. `    5.mgr.greinarinnareraWfinnalokamlsliW3.mgr.52.gr.gildandilaga.EkkierugerWar S+! efnislegarbreytingarkvWinuogreglurFjrmlaeftirlitsins,nr.887/2012,umframkvmd " hfismatsframkvmdastj;raogstj;rnarmannafjrmlafyrirtkjasemsettarvorugrund # velli3.mgr.52.gr.gildandilagahaldagildisnumeWstoWnUrri5.mgr.52.gr.eftirbreyt  $ ingarnar.MeWframkvmdastj;rumsamkvmtkvWinuerttviWeinstaklingsemstj;rn !W% rWurtilYessaWstandafyrirrekstrifyrirtkisinssamrmiviWkvWihlutaflagalaga,nr. J""& 2/1995,eWalaganr.161/2002,umfjrmlafyrirtki,burtsWfrstarfsheitiaWWruleyti. #'   06.mgr.erlagttilaWviWkvWiWbtistnUmlsgreinsemkveWurumYaWaWfjr #( mlafyrirtkiskuliverjangjanlegumfjrmunumogmannaflatilYessaWkynnastarfsemi $ ) fjrmlafyrirtkisinsfyrirnUjumstj;rnarmanniogmeWYvtryggjaaWstj;rnarmaWurfi v%N!* viWeigandiYjlfuntilstj;rnarsetunnar.MeWfrumvarpiYessuerugerWarauknarkrfurtil A&"+  Yekkingarstj;rnarmannastarfsemifjrmlafyrirtkjasamtYvaWbyrgWarkrfurtil_Yeirra  '", eruauknar.AukYess& a  erugerWarfrekarikrfurtilhfnistj;rnarmanna.kvWiWsemlagter ( tilaWbtistviWsemnU6.mgr.kvWisinsbyggist9.mgr.91.gr._tilskipunar_Ԁ2013/36/ESB.  'a(  EfnislegaerkvWi7.mgr.YaWsamaogfinnamngildandi7.mgr.52.gr.lagannaen  lgWertilsbreytingkvWinuaWviWbtisttilvsuntilnUrrar52.gr.alaganna.Xarsem a kvWintvtengjastmjgniWinnbyrWisereWlilegtaWsamaskyldaslgW_fjrmla T, fyrirtki_ԀtilaWupplUsa_FjrmlaeftirlitiW_Ԁumbreytingarskv.52.gr.alagannasamahttog  tilkynnaYarfumbreytingarskv.52.gr.lagannasemgetahafthrifhfi_stj;rnarmanns_.    Rkogmlefnalegsj;narmiW,byggW_almannahagsmunum_,baaWbakiYvaWstj;rnir   _fjrmlafyrirtkja_ԀsuhverjumtmaskipaWareinstaklingumsemuppfylla_hfisskilyrWi_Ԁ52.  X gr.ognUrrar52.gr.alaganr.161/2002ogreglnasettrasamkvmtYeim.MarkmiWiWmeW K #  nUrri8.mgr.greinarinnareraWrttaaW_hfisskilyrWi_ԀeruviWvarandiogaW_FjrmlaeftirlitiW_    hafiheimildtilYessaWtakahfistj;rnarmannatilsrstakrarskoWunarYegarstofnunintelur    stWutil.JafnframtermeWhennirttaWaW_FjrmlaeftirlitiW_ԀgetibrugWistviWefstj;rnar   menneruafeinhverjumstWumekkilengurtaldirhfirtilYessaWsitjastj;rn. wO  & a   Um20.gr.       samtathugasemdumviWgreininaervsaWathugasemdirviW19.gr.frumvarpsins.1.   mgr.kvWisinseraWmegninutilsamhl'a j;Wa4.mgr.52.gr.ngildandilagaog2.og3.mgr. {  kvWisinserusamhlj;Wangildandi5.og6.mgr.52.gr.laganna. nF   HelstastWaYessaWngildandikvWum52.gr.lagannaerskiptupptvkvWi 9 frumvarpiYessueraW91.gr._tilskipunar_Ԁ2013/36/ESBseturkrfuumtakmrkunhvaW  stj;rnarmennmegiaWjafnaWisinnamrgum_stj;rnarsetum_Ԁsamt_stj;rnarsetu_Ԁ_fjrmla  fyrirtki_.Tvmeginsj;narmiWliggjaaWbakiYeimbreytingumsemgerWareru_samevr;psk r um_Ԁreglumumstrfstj;rnarmanna_fjrmlafyrirtkja_Ԁtilskipun2013/36/ESB,_Y.e._ԀaW e= stj;rnarmennskulihafa_nganlega_ԀYekkingu,hfniogreynsluafstarfsemi_fjrmlafyrir 0 tkja_ԀogaWYeirskulihafangantmatilYessaWsinnastrfumsnumsemstj;rnarmenn  _fjrmlafyrirtkja_.UpphaflegavarstefntaWYvaWtakauppslkatakmrkunmeWfrumvarpi  Yessu.HorfiWhefurveriWfrYvaWsinniYartillj;stverWurhvernig_ngrannarki_Ԁ0slands i haga_innleiWingu_ԀumrddrakvWalggjfsna.XvarjafnframthorfttilYesshvortbinda \4 ttislkatakmrkuneinungisviWkerfislegamikilvg_fjrmlafyrirtki_.LklegteraWkvWi ' semkveWurumtakmarkanirfjlda_stj;rnarseta_Ԁhjstj;rnarmnnum_fjrmlafyrirtkja_  btistYvviWlginnstu_missirum_.    EinabreytinginsemgerWerfrgildandilgumnUjukvWieraWmeWnUjum1._mlsl_. `  1.mgr.kvWisinserrttaWaWstj;rnarmenn_fjrmlafyrirtkis_Ԁskuliverjafullngjanditma S+! vinnusnasemstj;rnarmennYgu_fjrmlafyrirtkisins_.SamkvmtYessuertlasttilYess " aWstj;rnarmennsuaWjafnaWiekkiaWvinnannurtmafrekstrfsamhliWa_stj;rnarsetunni_ # enslktferY;eftireWliogumfangistarfsemiviWkomandi_fjrmlafyrirtkis_.  $   Um21.gr. J""&    0frumvarpiYessuerulagWartilbreytingarsemleggjafrekariskyldurherWarstj;rnar #' mnnum_fjrmlafyrirtkja_.LagtertilaWnokkrarbreytingarverWigerWar54.gr.laganna. #( XerlagttilaWfyrirsgnkvWisinsverWibreyttsamrmiviWbreytingarnar.kvWisem $ ) verWaaW1.,2.og6.mgr.erullnUen3.mgr.eraWhlutatilsamhlj;Wangildandi1.mgr. v%N!* kvWisins.kvWi4.,5.og7.mgr.eraWfinnagildandilgumen4.mgr.ersamhlj;Wa2. A&"+  mgr.54.gr.gildandilaga._LokamlsliW_Ԁmlsgreinarinnarerbreytt.5.mgr.ersamhlj;Wa3.  '", mgr.54.gr.lagannaog7.mgr.&   kvWisinseraWfinnagildandi3.mgr.19.gr.laganna. ( BreytingarkvWinubyggjastm.a.88.gr._tilskipunar_Ԁ2013/36/ESB.'(    MeWbreytingu1.mgr.kvWisinskemurnskUrtframlgunumaWstj;rn_fjrmla  fyrirtkis_Ԁber_heildarbyrgW_Ԁstarfsemiogstefnum;tun_fjrmlafyrirtkisins_Ԁsamt_httu a stefnu_ԀYess(e.RiskStrategy).samtYessuberstj;rneinnigbyrgWYvaWtilstaWarsvirkt T, kerfiinnraeftirlitsmeWstarfseminni.MeWvirkuinnraeftirlitierttviWaWhaftsvirkteftirlit  meWinnristarfsemisemlginogreglursettarmeWstoWlgunumskiljahverjusinni.02.  _mlsl_.1.mgr.erkveWiWumbyrgWstj;rnarYvaWfullngjandieftirlitsviWhaftmeW   b;khaldiogmeWferWfjrmunaflagsins.Breytinginbyggist3.mgr.68.gr._hlutaflagalaga_,  X nr.2/1995.0samrmiviWYrbreytingarsemgerWareru_VII_.kaflalagannaheildmeW K #  frumvarpiYessuYykirrttaWkveWasrstaklegaumbyrgWstj;rnaraWYessuleyti.01.mgr.    ereinnigkveWiWumbyrgWstj;rnarstj;rnarhttumogaWinnraskipulagflagsinsstuWli    aWvarfrinniog_skilvirkri_Ԁstj;rnunYess,aWskilnaWistarfaogaWkomiWsvegfyrirhags   munarekstrainnanflagsins.EinnigerkveWiWumYaWaWstj;rnskuliendurmetastj;rnar wO  httisnaogbregWastviWYegarYrfer. B  & a   02.mgr.erkveWiWumYaWaWstj;rnarmennskulistarfaafheiWarleika,heilindumog    fagmennskuogverasjlfstWirhugsuntilYessaWgetameW_skilvirkum_ԀhttimetiWoggagn   'a rUntkvarWanatkuframkvmdastj;raoghafteftirlitmeWhenni. {    LagtertilaW3.mgr.kvWisinsverWikveWiWumaWstj;rn_fjrmlafyrirtkis_Ԁskulihafa nF _skilvirkt_ԀeftirlitmeWframkvmdastj;raflagsins.1._mlsl_.3.mgr.erngildandi1.mgr. 9 kvWisins.    kvWi4.mgr.ergrunninnngildandi2.mgr.54.gr.laganna.SbreytingergerW  kvWinuaWstaWorWsins?_d;tturfyrirtkja_ 2._mlsl_.kvWisinskemurorWiW?_d;ttur r flaga_ .Samkvmtngildandi2.mgr.skalstj;rnsetjasrsrstakarreglurumframkvmd e= starfastj;rnar_o.fl_.Samkvmtngildandi_lokamlsliW_ԀkvWisinsskulureglurYessarhlj;ta 0 staWfestingu_Fjrmlaeftirlitsins_.SbreytingergerWkvWinuaWstaWYessaW_Fjrmla  eftirlitiW_ԀYurfiaWstaWfestaumrddarreglurtilaWYrWlistgildiskalstj;rn_fjrmlafyrir  tkis_Ԁsenda_Fjrmlaeftirlitinu_Ԁafritafumrddumregluminnan14dagafrYvaWYreWa i breytingarYeimerusamYykktarafstj;rn.UmrttkvWibttistviWlginmeWlgumnr. \4 75/2010enstWa_umrddrar_ԀbreytingarvarsaWmeWhennigfist_Fjrmlaeftirlitinu_Ԁbetra ' tkifritilYessaWfylgjastmeWaWfariWvrieftirreglunumefYrYyrftuaWhlj;tastaW  festinguYess.MeWbreytingunnierekkilengurskiliWaW_FjrmlaeftirlitiW_ԀstaWfestireglur  sem_fjrmlafyrirtkin_Ԁsetjasrheldurskal_fjrmlafyrirtki_Ԁsenda_Fjrmlaeftirlitinu_Ԁafrit `  afYeiminnan14dagafrYvaWYrerusettareWaYeimbreytt.BreytinginersamrmiviW S+! markmiWkvWisins,endaerYaWhlutverk_eftirlitsaWila_ԀaWhafaeftirlitmeWYvaWstarfsemi " _fjrmlafyrirtkis_ԀssamrmiviWlg.EkkiYekkistlggjf_ngrannarkja_Ԁ0slandsaW # _eftirlitsaWili_ԀstaWfestireglursem_fjrmlafyrirtki_Ԁsetursr.  $   06.mgr.erlagttilaWkveWiWverWiumaWstj;rnskulileitastviWaWtryggjaaWtilkynn !W% ingarogupplUsingarsemflaginuberaWveitasamkvmtlgunumsurttar.MeWupp J""& lUsingumogtilkynningumsamkvmtkvWinuerttviWupplUsingarogtilkynningarsem #' _fjrmlafyrirtkinu_ԀberaWveita_Fjrmlaeftirlitinu_ԀogeftiratvikumSeWlabankanumsam #( kvmtlgunumYegarviW. $ )   kvWiWsemlagtertilaWverWiaW7.mgr.eraWfinnagildandi3.mgr.19.gr.laganna. v%N!* kvWiWYykireigabeturheima54.gr.lagannameWtillititilYeirrabreytingasemlagWar A&"+  erutilfrumvarpiYessu.SviWb;terlgWtilviWkvWiWaW_fjrmlafyrirtki_Ԁgerigrein  '", fyrirYv_heimasWu_ԀsinnieWa_rsreikningi_& a  hvernigfyrirtkiWuppfyllikrfurumstj;rnar ( httisamkvmtlgunum.Xessikrafakemurfram96.gr._tilskipunar_Ԁ2013/36/ESB.  'a(r+  Um22.gr. a p,  kvWiWfjallarumskyldurstj;rnarvegna_httustUringar_ԀogfelursrsamspilviWYr T, breytingarsemlagWarerutil6.gr.frumvarpsins.EffrumvarpYettaersamYykkt;breyttri  myndmun17.gr.lagannakveWaumaWtilstaWarskulivera_skjalfestir_Ԁ_ferlar_Ԁum_upp  lUsingaskipti_Ԁmilli_httustUringar_Ԁogstj;rnar,aukYesssemyfirmaWur_httustUringar_ԀaW   geta&  haftbeinanog;heftanaWgangaWstj;rn_fjrmlafyrirtkis_.Breytingarnarbyggjastm.a.  X 76.gr._tilskipunar_Ԁ2013/36/ESB.' x/ K #  & a   LagtertilaWsskyldaverWilgWstj;rn_fjrmlafyrirtkis_ԀaWhnsamYykkiY_httu    stefnu_Ԁsem_fjrmlafyrirtkiW_Ԁm;tarvegna_httuvilja_Ԁ(e.Riskappetite)fyrirtkisinsog    'a 0_httustUringar_,aukYessaWsamYykkjahvernigsstefnaertfrWogframkvmd.Stj;rn   _fjrmlafyrirtkis_ԀeinnigaWtryggjaaWreglulegasfariWyfirinnri_verkferla_Ԁvegna_httu wO  stUringar_ԀogYeirendurnUjaWir.TeljameWlilegtaWstj;rnfjalli_a.m.k._ԀrlegaumYvinnu B  semframhefurfariWviWaWyfirfaraogendurnUja_ferlana_.MeWalYessaraferlateljist_ferlar_    semvarWa_httutku_Ԁogtakmrkunhttusemhefurhrif_fjrmlafyrirtkiW_,endaafar   mikilvgtaWskrWarverklagsreglursutilstaWarvarWandiYYtti. {    0kvWinukomafyrirskyldurvegna_httuYtta_,sbr.nUjar78.gr.a!78.gr.i,verWi nF frumvarpYettaaWlgum,semstj;rnir_fjrmlafyrirtkja_ԀttuaWverameWvitaWarumvegna 9 _httustUringar_.EkkierhgtaWafmarkameWlagakvWihvaWtelsthfilegurtmifyrir  stj;rntilaWfjallaumhttustarfsemi_fjrmlafyrirtkis_ԀeWahvaWteljast_ngjanlegir_Ԁfjr  munirtilaWsinna_httustUringu_.HinsvegarermikilvgtaWskilgreindurogafmarkaWur r hlutitmastj;rnarfariaWsinnaogfjallaumhttustarfsemi_fjrmlafyrirtkis_Ԁsemstj;rn e= instUrir.AWsamaskapiermikilvgtaWstj;rnfjalliumog_afmarki_Ԁhversumiklumfjr 0 munumskulirWstafaWtilaWsinnavirkri_httustUringu_.    Um23.gr. i ';  BreytingsemlgWertila-liWertilkominvegnabreytingarsemgerWer54.gr.laganna \4 meWfrumvarpiYessu.VsaWerskUringuviW4.mgr.54.gr.einsoghnkemurfram21.gr. ' frumvarpsins.    VsaWerathugasemdirviW1.gr.frumvarpsinsvegnabreytingarsemlgWertilb-liW.    Um24.gr. S+! =  Breytingina-liWertilkominvegnabreytingarsemgerWer54.gr.lagannameWfrum " varpiYessu.VsaWerskUringuviW4.mgr.54.gr.einsoghnkemurfram21.gr.frum # varpsins.Xerbreytingb-liWlgWtilvegnabreytingar2.mgr.29.gr.alagannameWfrum  $ varpiYessu.VsaWerathugasemdviW10.gr.frumvarpsins. !W%   Um25.gr. #' &?  NgildandikvWi57.gr.alagannaum_kaupaukakerfi_ԀkominnlginmeW_breytinga #( lgum_,nr.75/2010.stWursetningarYessmm.a.rekjatilumrWubWihrlendisog $ ) erlendiskjlfar_bankahrunsins_Ԁumlauna-og_hvatakerfi_Ԁ_fjrmlafyrirtkja_.samatma v%N!* vann_Evr;pusambandiW_ԀaWsetningureglnaumsambrilegmlefnisemsWart;kugildimeW A&"+ setningu_tilskipunar_Ԁ2010/76/ESB.MeWtilskipun2013/36/ESBerkveWiWumfrekaribreyt  '", ingarreglum_Evr;pusambandsins_Ԁum_starfskjarastefnu_Ԁ_fjrmlafyrirtkja_,semtekurtil '#- fastraogbreytilegrastarfskjaraenhugtakiW?breytilegstarfskjr frumvarpiYessunrtil ( YesssemWurfllundirhugtakiW?_kaupaukar_ .MeWfrumvarpiYessuerlagttilaWreglur  _tilskipunar_Ԁ2013/36/ESBum_starfskjarastefnu_Ԁ_fjrmlafyrirtkja_ԀverWimegindrttumteknar  uppslenskalggjfmeWfrumvarpiYessu. a   kvWi92.gr._tilskipunar_Ԁ2013/36/ESBkveWuralmennarregluruminnihaldreglnaum T, _starfskjarastefnu_Ԁ_fjrmlafyrirtkis_Ԁ(e.Remunerationpolicies)ogermeWfrumvarpiYessu  lagttilaWYaWverWitekiWuppmeWnUrri57.gr.alaganna.  & a   01.mgr.greinarinnarerkveWiWumYmeginreglusamkvmtlgunumaWYaWerstj;rn   _fjrmlafyrirtkis_ԀsemsamYykkir_starfskjarastefnu_Ԁ_fjrmlafyrirtkis_ԀogberbyrgWhenni.  X 'a _GStj;rnskaleigisjaldnarenrlegataka_starfskjarastefnu_ԀfyrirtkisinstilendurskoWunarog K #  gerabreytingarhenniefYurfaYykir._Starfskjarastefna_Ԁskalhverjumtmaverasamrmi    viWYauviWmiWsemkveWiWerum2.mgr.greinarinnar.kvWi2.mgr.byggist2.mgr.    92.gr._tilskipunar_Ԁ2013/36/ESBenviWtfrslu_viWmiWanna_ԀhefureinnigveriWhorfttilgild   andireglna_Fjrmlaeftirlitsins_,nr.700/2011,um_kaupaukakerfi_Ԁ_fjrmlafyrirtkja_. wO    03.mgr.greinarinnarerkveWiWumskyldu_fjrmlafyrirtkja_Ԁsemhafa100starfsmenn B  eWafleirieWaYarsem_eignarstaWa_Ԁsamkvmtseinasta_rsreikningi_Ԁerumfram20milljarWa    _kr_.tilYessaWskipasrstaka_starfskjaranefnd_.095.gr._tilskipunar_Ԁ2013/36/ESBerkveWiW   umaW_aWildarrkin_ԀeWa_eftirlitsaWilar_ԀYeirraskulitryggjaaW_fjrmlafyrirtki_Ԁsemerust;r {  meWhliWsj;nafeWli,umfangiogmargbreytileikastarfsemiskulisetjastofn_starfskjara nF nefnd_.ViWmatYvhvaWastrWirttiaWnota_lagatextanum_ԀskoWuWusrfrWingarfjr 9 mla-og_efnahagsrWuneytisins_ԀhvernigaWrarNorWurlandaYj;WirhafatfrtsamakvWi  _landsrtt_Ԁsinn.Samkvmtsnskumreglumum_starfskjarastefnu_Ԁ_fjrmlafyrirtkja_Ԁ(s.Fre  skrifter_om_Ԁersttningssystemikreditinstitut,vrdepappersbolagochfondbolagmedtillstnd r frdiskretionrportfljfrvaltning)ferYaWeftirmatiogkvrWun_eftirlitsaWila_Ԁhvort_fjr e= mlafyrirtki_ԀYarlandiskulisetjaupp_starfskjaranefnd_.0norskumreglumum_starfskjara 0 stefnu_Ԁ_fjrmlafyrirtkja_Ԁ(n.Forskrift_om_Ԁgodtgjrelsesordningerifinansinstitusjoner,  verdipapirforetakogforvaltningsselskapforverdipapirfond)ermiWaWviW50starfsmenn  og/eWaaW_eignarstaWa_Ԁ_fjrmlafyrirtkisins_Ԁshrrien5milljarWarnorskrakr;nasamkvmt i seinasta_reikningsri_.0dnskumlgumum_fjrmlafyrirtki_Ԁ(d._lov_Ԁ_om_Ԁfinansielvirksom \4 hed)ermiWaWviW1.000_starfsmannagildi_ԀmiWaWviWseinasta_rekstrarr_Ԁfyrirtkis.Samkvmt ' YessuhafabWiNorWmennogDanirkveWiWaWmiWaviW_starfsmannafjlda_Ԁsemframrk  fyriraWsbestimlikvarWinnYaWhvenrmiWaeigiviWaW_fjrmlafyrirtki_Ԁsetjiupp  _starfskjaranefnd_.0frumvarpiYessulagttilaWtekinverWiuppsmuviWmiWogNorWmennhafa `  gertenmiWaWviWhrritlu_starfsmannafjlda_ԀeWa100staW50,oglgrifjrhWvarWandi S+! _eignarstWu_Ԁ_fjrmlafyrirtkis_,engerterNoregi.0kvWinuereinnigkveWiWummegin " tilgang_starfskjaranefndar_Ԁennefndinskalveitastj;rn_fjrmlafyrirtkis_ԀrWgjfviWsamn # ingu_starfskjarastefnu_Ԁfyrirtkisinsog_starfsreglna_Ԁumbreytilegstarfskjr.0kvWinukemur  $ einnigframhvernig_starfskjaranefnd_ԀskuliskipuWenmeirihlutihennarskalskipaWurstj;rn !W% armnnum.HrskalrttaWaWheimilteraW_starfskjaranefnd_ԀseinungisskipuWstj;rnar J""& mnnum_fjrmlafyrirtkisins_ԀogekkierskilegtaWframkvmdastj;ri/bankastj;rieigisti #' nefndinnienhonumerheimiltaWmtafundinefndarinnar;skinefndineftirYv.0kvW #( inuereinnigaWfinnaheimildfyrir_fjrmlafyrirtki_ԀtilYessaW;skaeftirundanYgufr $ ) skyldutilYessaWskipa_starfskjaranefnd_ԀefsrstakarstWurmlameWYv.Hrskal_Fjr v%N!* mlaeftirlitiW_ԀtakamiWafkvWi95.gr._tilskipunar_Ԁ2013/36/ESBogviWmiWumsemeru A&"+  kvWinu.Hrmttitakasemdmi_fjrmlafyrirtki_Ԁsemhefurmjgfastarfsmennog  '", starfsemi_fjrmlafyrirtkisins_Ԁert& a  iltlulegaeinflden_eignarstaWa_Ԁfyrirtkisinserumfram ( 20milljarWa_kr_.  'a(a  04.mgr.eraWfinnaheimildtilhanda_Fjrmlaeftirlitinu_ԀtilYessaWsetjannarireglurum  framkvmdkvWisins.grundvelliYessararheimildargetur_FjrmlaeftirlitiW_Ԁm.a.kveWiW a nnarumefni92.og95.gr._tilskipunar_Ԁ2013/36/ESBreglumsettumgrundvelli4.mgr. T, nUrrar57.gr.alaganna.  & a   Um26.gr.   d  EinsogvsaWertilathugasemdumviW25.gr.frumvarpsinskomngildandikvWi57.  X 'a dgr.aum_kaupaukakerfi_ԀinnlginmeW_breytingalgum_,nr.75/2010.grundvellikvW K #  isinssetti_FjrmlaeftirlitiW_Ԁreglurnr.700/2011,um_kaupaukakerfi_Ԁ_fjrmlafyrirtkja_.ViW    samningureglnannat;k_FjrmlaeftirlitiW_Ԁm.a.miWaftilskipun2010/76/ESB(_CRD_ԀIII)sem    YhafWiekkiveriWtekinupp_EES_-samninginn,tilmlumframkvmdastj;rnarinnar2009/   384/EBoglgumogreglumannarsstaWarNorWurlndum.KveWiWernnnarum wO  starfskjara-og_kaupaukakerfi_Ԁ_fjrmlafyrirtkja_. B  & ,   MarkmiWiWmeWsetningunUrrakvWaumbreytilegstarfskjreraWaWlagaslensklg    aWtilskipun2013/36/ESB(_CRD_Ԁ_IV_)ogfralgintilsamrmisviWgildandirttumsama   efniDanmrku,NoregiogSvYj;W. {  ', 5i  MeW26.gr.frumvarpsinserlagttilaWfj;rarnUjargreinarbtistviWlginsemtakaallar nF tilkvWaumbreytilegstarfskjr_fjrmlafyrirtkja_.MeWbreytilegumstarfskjrumervsaW 9 tilskilgreiningarsemlagtertilaWbtistviWsem24._tlul_.1.gr.alagannameW1.gr.frum  varpsins.Samkvmtskilgreiningunnierubreytilegstarfskjrstarfskjrstarfsmanns_fjrmla  fyrirtkis_ԀsemaWjafnaWieruskilgreindmeWtillititilrangursogeruekkiYtturfstum r starfskjrumstarfsmannsYarsemendanlegfjrhWeWaumfangYeirraliggurekkifyrirmeW e= nkvmumhttifyrirfram.kvWinsemlagtertilaWbtistviWlginsem57.gr.b!57. 0 gr.etakamiWaf92.!94.gr._tilskipunar_Ԁ2013/36/ESB.    Uma-liW(57.gr.b).    01.mgr.erkveWiWumheimild_fjrmlafyrirtkis_ԀtilYessaWkvarWastarfsmnnum i snumbreytilegstarfskjrmeWstarfsreglumsemskulutakamiWaflgunumogreglumsem \4 _FjrmlaeftirlitiW_ԀseturgrundvelliYeirra.ViWtfrslustarfsreglumumbreytilegstarfs ' kjrskal_fjrmlafyrirtki_Ԁtakatillittil_heildarafkomu_ԀYessyfirlengritma,_undirliggjandi_  httuog_fjrmagnskostnaWar_.SamkvmtkvWinumegastarfsreglureWagreiWslavegna  breytilegrastarfskjaraekkitakmarkauppbyggingufyrirtkisins_eiginfjrgrunni_Ԁsnumog `  srstaklegaekkiYegar_fjrmlafyrirtki_ԀuppfyllirekkireglurumaWviWhalda_eiginfjraukum_ S+! skv.84.gr.a!84.gr.eenmeW30.gr.frumvarpsinserlagttilaWnUkvWium_eiginfjrauka_ " btistviWlginYarsemYettaerrttaW.ErYettasamrmiviWc-liW1.mgr.94.gr. # _tilskipunar_Ԁ2013/36/ESB.  $   02.mgr.kemurframaWstarfsreglurumbreytilegstarfskjrskulusamYykktarafstj;rn !W% _fjrmlafyrirtkisins_ԀaWfenginnirWgjf_starfskjaranefndar_,sslkrinefndtilaWdreifainnan J""& _fjrmlafyrirtkisins_,ensamkvmttillguaWnUrri57.gr.alagannameW25.gr.frumvarps #' insergertrWfyriraW_fjrmlafyrirtki_,semhafa100starfsmenneWafleiri,eWaeignir_fjr #( mlafyrirtkis_Ԁeruumfram20milljarWa_kr_.,setjistofnslkanefnd.0kvWinukemurfram $ ) aWstarfsreglurerusettarbyrgWstj;rnar_fjrmlafyrirtkisins_ԀogberhnbyrgWYvaW v%N!* samningar_fjrmlafyrirtkisins_ԀviWstarfsmennsusamrmiviWlg,reglurog_starfsregl A&"+ urnar_Ԁsjlfar.:heimilteraWkvarWabreytilegstarfskjrmeWmillignguYriWjaaWila.MeW  '", YessuertrekaWaW_fjrmlafyrirtkinu_ԀberisjlfuaWgreiWastarfsmannisnumbreytileg '#- starfskjrogaWYvberiaWhaldaslkumrttindumtilhagab;kumsnum.Samkvmt ( kvWinuereinnig;heimiltaWkvarWastj;rn_fjrmlafyrirtkis_Ԁbreytilegstarfskjr.XaWer  samrmiviWngildandireglur_Fjrmlaeftirlitsins_,nr.700/2011,um_starfskjarastefnu_Ԁ_fjr  mlafyrirtkja_Ԁentilskipun2013/36/ESBbannarekkislkt. a   03.mgr.kemurframaW;heimilteraWgerarWfyrirtryggWumbreytilegumstarfskjrum T, semfallaekkiinnanskilgreiningarbreytilegumstarfskjrumskv.24._tlul_.1.gr.aeffrum  varpYettaverWuraWlgum.X;erheimiltaWkvarWastarfsmanni_rWningarkaupauka_Ԁsemer  stkgreiWslafyrstariviWrWningu.UmgreiWslu_rWningarkaupauka_ԀgildakvWilaga   YessaraogreglnaumbreytilegstarfskjrsettragrundvelliYeirra,_Y.m.t._Ԁ_frestunarkvWi_  X Yeirra. K #    kvWi4.mgr.greinarinnarersamhlj;Wangildandi2._mlsl_.57.gr.alaganna.      & a Samkvmt5.mgr.greinarinnarskal_FjrmlaeftirlitiW_Ԁsetjannarireglurumfyrirkomulag    oginnihaldreglnaumbreytilegstarfskjr_o.fl_.GerterrWfyrirYvaWefni94.gr._tilskipunar_   sem'a ԀekkieraWfinnalgumYessumverWiaWfinnareglunum. wO  & ,   Umb-liW(57.gr.c). B    0b-liWeraWfinnahelstubreytingufrumvarpsinsfrngildandireglumumbreytileg    starfskjr.0greininnierlagttilaW_hmarkshlutfall_Ԁbreytilegrastarfskjaratakieinungistil   ',Bstarfsmanna_fjrmlafyrirtkja_Ԁsemteljasthafaveruleghrif_httusniW_Ԁ_fjrmlafyrirtkis_ {  enYeirstarfsmennsemtaldirerufallaundirYettaeruyfirstj;rneinsoghnerskilgreindskv. nF 25._tlul_.1.gr.alagannaeffrumvarpYettaverWur;breyttaWlgum,_lykilstarfsmenn_,starfs 9 menn_eftirlitseininga_ԀogaWrirstarfsmenn_fjrmlafyrirtkisins_Ԁsemnj;tasambrilegra_heild  arstarfskjara_Ԁogyfirstj;rnog_lykilstarfsmenn_.kvWiWersamrmiviW92.gr._tilskipunar_  3013/36/ESBoglgogreglurumsamaefniannarsstaWarNorWurlndum.MeWtknilegum r _eftirlitsstaWli_ԀEvr;psku_bankaeftirlitsstofnunarinnar_Ԁ(e._European_ԀBankingAuthority(EBA)), e= semframkvmdastj;rn_ESB_ԀhefurgefiWtgrundvelli_tilskipunar_Ԁ2013/36/ESBmeW_fram 0 kvmdarreglugerW_,erfjallaWnnarumskilgreininguYeimstarfsmnnumsemteljasthafa  veruleghrif_httusniW_Ԁ_fjrmlafyrirtkja_.EkkiYykirrttaWhafavWtkaragildissviWhr  landiumYettaatriWienkveWiWerum_tilskipuninni_ԀogYekkist_ngrannarkjum_,enda i erkvWinutlaWaWntilallraYeirrasemgetahafthrif_httusniW_Ԁ_fjrmlafyrirtkis_. \4 0kvWinuerlagttilaW_hmarkshlutfall_Ԁ_kvarWaWra_ԀbreytilegrastarfskjaragetihstorWiW ' 25%affstumstarfskjrum.MeWfstumstarfskjrumYessutillitierttviWallaraWrar  greiWslurtilstarfsmanns_rsgrundvelli_ԀsemfallaekkiundirhugtakiW?breytilegstarfskjr   og_rWningarkaupauka_.Skv.2.mgr.greinarinnarskal_FjrmlaeftirlitiW_Ԁsetjareglurumnnari `  _tilgreiningu_Ԁstarfsmannasemteljasthafaveruleghrif_httusniW_Ԁ_fjrmlafyrirtkis_Ԁskv. S+! 1.mgr.greinarinnarogskulureglurnartakamiWaffyrrnefndri_framkvmdarreglugerW_Ԁsem " framkvmdastj;rn_ESB_ԀhefurgefiWtgrundvelli94.gr._tilskipunar_Ԁ2013/36/ESBumsama # efni.Xskal_FjrmlaeftirlitiW_ԀeinnigkveWaumsrstkviWmiWfyrirkvrWunumbreytileg  $ starfskjrtilstarfsmanna_eftirlitseiningum_.MeW_eftirlitseiningum_ԀerttviW_httustUringu_, !W% innriendurskoWunardeild,_regluvrslu_ԀogaWrar_eftirlitseiningar_Ԁ_fjrmlafyrirtkisins_. J""&   Umc-liW(57.gr.d). #'   0c-liWerkveWiWumsamsetninguogfrestunbreytilegrastarfskjaraenkvWiWtekurmiW #( af94.gr._tilskipunar_Ԁ2013/36/ESB,aWallegal-ogm-liW1.mgr.94.gr._tilskipunarinnar_.Skv. $ ) 1.mgr.greinarinnarskal_a.m.k._Ԁhelmingur_kvarWaWra_Ԁbreytilegrastarfskjarastarfsmanna v%N!* _fjrmlafyrirtkja_Ԁsamanstandaafhlutabrfum,_stofnfjrbrfum_ԀeWasamskonar_eignar A&"+ rttindum_ԀhlutaWeigandifyrirtki,_hlutabrfatengdum_Ԁ_gerningum_,YarmeWal_valrttum_,  '", eWaWrum_gerningum_ԀtengdumfyrirtkinuogWrum_gerningum_Ԁsemekkiteljasttil_reiWufjr_. '#- UndantekningufrYessukvWieraWfinna1.mgr.SamkvmthennitekurkvWiWekki ( tilstarfsmannainnri_endurskoWunardeildar_ԀenYeirmegaekkiverahluthafarviWkomandi  _fjrmlafyrirtki_Ԁskv.1.mgr.16.gr.laganna.0reglumsem_FjrmlaeftirlitiW_Ԁskalsetja  grundvelli4.mgr.greinarinnarskalm.a.kveWaumaWra_gerninga_ԀsemgetakomiWstaW a Yeirrasemnefndireru1.mgr.greinarinnarenskv.ii._undirliW_Ԁl-liWar1.mgr.94.gr._til T, skipunar_Ԁ2013/36/ESBerheimiltaWgreiWabreytilegstarfskjrWrum_gerningum_Ԁsem  kveWiWerum52.eWa63.gr.reglugerWar(_ESB_)nr.575/2013ogverWaYeir_gerningar_Ԁsem  kveWiWerumreglugerWinnitilgreindirumrddumreglum_Fjrmlaeftirlitsins_.MeW   tknilegum_eftirlitsstaWli_ԀEvr;psku_bankaeftirlitsstofnunarinnar_,semframkvmdastj;rn_ESB_  X hefurgefiWtskv.2.mgr.94.gr._tilskipunar_Ԁ2013/36/ESBmeW_framkvmdarreglugerW_,er K #  kveWiWnnarum_tilgreiningu_ԀYessara_gerninga_Ԁoger_Fjrmlaeftirlitinu_ԀheimiltaWtaka    YennanstaWaluppreglunumgrundvelli4.mgr.    & a   02.mgr.erkveWiWum_a.m.k._Ԁ40%af_kvrWuWum_ԀbreytilegumstarfskjrumskulifrestaW   _a.m.k._ԀYrjr. wO  'a x  03.mgr.greinarinnareraWfinnaundantekningufrreglu2.mgr.umfrestungreiWslu B  breytilegrastarfskjaraensamkvmtkvWinuer_fjrmlafyrirtki_ԀheimiltaWgreiWastarfs    mannisemekkifellurundirreglu1.mgr.57.gr.ckvrWuWbreytilegstarfskjref_heildar   fjrhW_ԀYeirranemurekkihrrifjrhWen10%affstumstarfskjrumstarfsmanns_rs {  grundvelli_. nF   Samkvmt4.mgr.greinarinnarskal_FjrmlaeftirlitiW_ԀsetjareglurumaWra_gerninga_Ԁskv. 9 1.mgr.kvWisins,semfjallaWerumathugasemdumviW1.mgr.,ogfrestun_kvarWaWra_  breytilegrastarfskjaraskv.2.mgr.GerterrWfyrirYvaWreglur_Fjrmlaeftirlitsins_Ԁtakim.a.  miWaffyrrnefndri_framkvmdarreglugerW_Ԁframkvmdastj;rnar_ESB_ԀaWYvervarWarnnari r _tilgreiningu_Ԁ_gerninga_Ԁskv.1.mgr.ogefnissemmfinnah-ogo-liWum1.mgr.94.gr._til e= skipunar_Ԁ2013/36/ESBumfrestunbreytilegrastarfskjara,_Y.m.t._Ԁhvernigfarium_frestuW_ 0 breytilegstarfskjrviW_starfslok_Ԁstarfsmanns_fjrmlafyrirtkis_.Heimild_Fjrmlaeftirlitsins_  tilsetningarreglnaumundanYgurgreiWslubreytilegrastarfskjarahlutabrfum,_stofn  fjrbrfum_ԀeWasamskonar_eignarrttindum_ԀhlutaWeigandifyrirtki,_hlutabrfatengdum_ i _gerningum_,YarmeWal_valrttum_,eWaWrum_gerningum_ԀtengdumfyrirtkinunrtilYeirra \4 starfsmannasemekkierutilteknir1.mgr.57.gr.cogeftiratvikum_eftirlitseininga_Ԁ_fjr ' mlafyrirtkisins_.    Umd-liW(57.gr.e).    0d-liWerkveWiWum_afturkllun_Ԁog_endurkrfu_ԀbreytilegrastarfskjaraenkvWiWbygg `  isti-ogn-liWum1.mgr.94.gr._tilskipunar_Ԁ2013/36/ESB.SamkvmtkvWinuskalstarfs S+! reglum_fjrmlafyrirtkis_ԀumbreytilegstarfskjrgetiWumtilviksemheimilar_fjrmlafyrir " tki_ԀaWafturkallaheildeWaaWhluta_frestuW_ԀbreytilegstarfskjrYegaraW_fyrirhuguWum_ # _greiWsludegi_ԀYeirrakemurefkveWnaraWstWurskapastsemkveWiWerumkvWinu.X  $ skulustarfsreglur_fjrmlafyrirtkis_ԀeinnigkveWaumheimildirtilYessaWhgtsaW !W% endurkrefjastarfsmannumYegar_tgreidd_Ԁbreytilegstarfskjr,heildeWaaWhluta,einkum J""& eflj;skemuraWstarfsmaWurvarYtttakandieWabarbyrgWframferWisemolli_fjrmla #' fyrirtkinu_Ԁverulegutj;nieWabrst_starfsskyldum_Ԁsnumverulega.XaWsamaviWhafistarfs #( maWurekkifylgtlgum,reglum,_stj;rnvaldsfyrirmlum_ԀeWainnrireglum_fjrmlafyrirtkis_. $ ) Skulusamningar_fjrmlafyrirtkis_ԀviWstarfsmennumfyrirkomulagbreytilegrastarfskjara v%N!* einnigkveWaumYessarheimildirfyrirtkisins. A&"+   01.mgr.greinarinnarerkveWiWumaWheimildirskuluveratilstaWarstarfsreglum_fjr  '", mlafyrirtkisins_ԀtilYessaWafturkallagreiWslurbreytilegrastarfskjara.Xautilviksemnefnd '#- erusemstWurYessaWhgtvriaWafturkallagreiWslurbreytilegrastarfskjaratilstarfs ( mannseru_t.d._ԀaWstaWafyrirtkisinshefurversnaWverulegaeWatliterfyriraWstaWaYess  muniversnaverulega.HiWsamaeigiviWYegaraWfyrirtkiYarfnauWsynlegaaWbyggjaupp  eiginfjrstWusna,_t.d._ԀvegnaYessaW;vnttapeWa_rekstrarerfiWleikar_ԀleiWatilYessaWYaW a hafigengiWverulega_eiginfjrgrunn_ԀeWaaWlklegtsaWaukiWverWi_lgbundnar_Ԁkrfur T, gegnflaginuum_eiginfjrbindingu_.    02.mgr.erkveWiWumheimild_fjrmlafyrirtkis_Ԁtil_endurgreiWslukrfu_ԀYegargreidd  umbreytilegumstarfskjrumtilstarfsmanns.0kvWinuergetiWumtilviksemeigaaWgeta   leitttilslkrar_endurgreiWslukrfu_,_t.d._ԀYegarlj;skemuraWstarfsmaWurvarYtttakandieWa  X barbyrgWframferWisemolli_fjrmlafyrirtkinu_Ԁverulegutj;nieWabrst_starfsskyldum_ K #  snumverulegaogYaWstarfsmaWurhafiekkifylgtlgum,reglum,_stj;rnvaldsfyrirmlum_    eWainnrireglum_fjrmlafyrirtkis_.0kvWinukemurjafnframtframaWstarfsreglurum    breytilegstarfskjrskulukveWannarumtilvikogaWstWursemleiWatilYessaW_fjrmla   fyrirtki_ԀsheimiltaWendurkrefjastarfsmann,heildeWaaWhluta,umbreytilegstarfskjr wO  semYegarhafaveriWgreiddt.ErYaWvaldi_fjrmlafyrirtkisins_ԀsjlfsaWkveWaslk B  tilvikogskalYjafnframtgetiWumYausamningiviWstarfsmann.      & a Samkvmt3.mgr.greinarinnarskalgetiWumYaWstarfsreglumumbreytilegstarfskjr   aWheimiltsaWafturkalla,heildeWaaWhluta,YegarkvrWuWbreytilegstarfskjrsemekki {  haf'aaveriWgreiddtilstarfsmannsYegar_fjrmlafyrirtki_ԀhlUturlntil_Yrautavara_ԀfrseWla nF bankaeWaeinhverskonarfjrhagsaWstoW.0kvWinuergetiWumseWlabankafleirtluen 9 lklegavriYaWoftastSeWlabanki0slandssemmundiveitaslenskum_fjrmlafyrirtkjum_  slklnenY;ekkihgtaWtilokaaWannarseWlabankigtiveittslktlnframtWinni.MeW  einhverskonarfjrhagsaWstoWliggureflaustbeinastviWaWtakadmiumYaWtilvikefs r lenskarkiWkmimeWnUtteigiWfrekstur_fjrmlafyrirtkis_Ԁsemvrifallandiftien e= hrgetureinnigveriWumnnurskyldtilvikaWrWa.HrerY;ekkittviWefslenskarkiW 0 kaupirhlutaf_fjrmlafyrirtki_,aWhlutaeWaheild,afWrumaWstWum.0_lokamlsliW_  kvWisinseraWfinnaheimildfyrir_FjrmlaeftirlitiW_ԀtilYessaWkveWannarumfrekari  takmarkanirgreiWslumbreytilegrastarfskjaraYeimtilfellumsemkveWiWerum i kvWinu.ErhrnagertrWfyrirYvaW93.gr._tilskipunar_Ԁ2013/36/ESBverWinnartfrW \4 reglumgrundvelli5.mgr. '   04.mgr.eraWfinnatrekunYvaWstarfsreglurumbreytilegstarfskjrskulugetaumYaW  aWheimiltsaWtakmarkagreiWslurbreytilegumstarfskjrumef_fjrmlafyrirtki_Ԁuppfyllir  ekkikvWiumaWviWhalda_eiginfjraukum_Ԁskv.84.gr.a!84.gr.e,ogskuluYeinungis `  greiddstarfsmnnumsamrmiviW6.mgr.84.gr.a. S+!   05.mgr.eraWfinnaheimildfyrir_FjrmlaeftirlitiW_ԀtilYessaWsetjannarireglurumfram " kvmdkvWisins. #   Um27.gr. !W%   UmskUringuvsasttil_athugasemdar_ԀviW34.gr.frumvarpsins. J""&   Um28.gr. #(   MeWfrumvarpinuerulagWartilbreytingarsemm.a.skUrabeturhlutverk,byrgWog $ ) skyldurstj;rnarmanna_fjrmlafyrirtkja_ԀauknUrrakvWaervarWabyrgWogeftirlitmeW v%N!* _httustUringu_.MrgumkvWumkaflanserbreyttognUjumkvWumbttviW.Fyrirsgn A&"+ kaflanseraWsamaskapibreytttilaWhnsamrmistbeturYeimbreytingumsemgerWareru.  '",  '#-   Um29.gr. (    LagtertilaW_IX_.kaflilagannainnihaldikvWierfjallaummeWhndlun_httuYtta_Ԁ  starfsemi_fjrmlafyrirtkis_.    UmaliW(78.gr.). a   0kvWinuerkveWiWumstrf_httunefndar_Ԁsem_fjrmlafyrirtki_ԀerskyltaWstarfrkja T, skv.1.mgr.greinarinnar.01.mgr.greinarinnarerkveWiWumhvernig_httunefnd_Ԁskuli  samsettogerstarfsmnnum_fjrmlafyrirtkisins_Ԁ;heimiltaWeigastinefndinni.Xskulu  nefndarmenn_httunefnd_Ԁbayfir_ngilegri_ԀYekkinguogstarfsreynslutilaWm;ta_httu   stefnu_Ԁog_httuvilja_Ԁ(e.Riskappetite)flagsinssamkvmtkvWinu.0_lokamlsliW_Ԁ1.mgr.  X og3.mgr.greinarinnarerkveWiWumhlutverk_httunefndar_.MeWalYesssem_httunefnd_ K #  ergertaWsinnaeraWveitastj;rn_fjrmlafyrirtkis_ԀrWgjfogaWstoWahanaviW_eftirlitshlut    verk_,m.a.vegna_httustefnu_Ԁog_httuvilja_Ԁfyrirtkisins.Xskal_httunefnd_Ԁyfirfarahvort    kjreignumogskuldbindingum_fjrmlafyrirtkisins_Ԁ(e.PricesofAssetsandLiabilities),   YarmeWal_innlnum_Ԁog_tlnum_ԀtilviWskiptavina_fjrmlafyrirtkisins_,takiaWfullumiW wO  af_viWskiptalkani_Ԁog_httustefnu_ԀYess._httunefnd_Ԁskaleinnigyfirfarahvatasemfelast B  _starfskjarastefnu_Ԁfyrirtkisins,m.a.breytilegumstarfskjrumstarfsmanna.      02.mgr.greinarinnarerkveWiWumaWtilYessaWsinnastrfumsnumskuli_httunefnd_   aflaYeirraupplUsingasemnefndintelursigYurfa.SlkraupplUsingageturnefndinaflaWm.a. {  fr_httustUringu_Ԁ_fjrmlafyrirtkis_,eWaeftiratvikumytrirWgjfum.GerterrWfyriraW nF _httunefndin_ԀkvarWisjlftWni,umfangogframsetningu_upplUsingagjafar_Ԁsemhntelur 9 sigYurfa.    04.mgr.ergertrWfyrirYvaW_fjrmlafyrirtki_ԀgetisameinaWstrf_httunefndar_Ԁog  _endurskoWunarnefndar_.HrskalhugaWaWYvaWstarfsmenn_fjrmlafyrirtkis_Ԁmegaekki r sitja_httunefnd_._FjrmlaeftirlitiW_ԀhefurheimildsamkvmtsamakvWitilYessaWkrefj e= astYessaW_fjrmlafyrirtki_Ԁ_aWskilji_ԀstrfsameinaWarnefndar.ViWslktmatskal_Fjrmla 0 eftirlitiW_Ԁkannahvort_fjrmlafyrirtki_Ԁteljistst;rtinnanlandsog,eftiratvikum,alYj;W  legumsamanburWi.    05.mgr.ergertrWfyrirYvaW_FjrmlaeftirlitiW_ԀgetiveittundanYgufrstarfrkslu i _httunefndar_ԀogsettYeimfyrirtkjumsemslkaundanYguftiltekinskilyrWifyrir_undan \4 Ygunni_.Ef_undanYgan_Ԁerveittskuluskyldursemhvla_httunefnd_Ԁhvlastj;rn_fjr ' mlafyrirtkisins_.Jafnframtgetur_FjrmlaeftirlitiW_ԀveittundanYgufreinstkumYttum  starfsemi_httunefndar_.ViWmat_undanYgunni_Ԁgetur_FjrmlaeftirlitiW_ԀtekiWmiWafstrW  fyrirtkisinsmiWaWviWeignirYesseWa_kerfislegu_ԀmikilvgiYess,hvortstarfseminereinfld `  eWamargYtt_o.fl_. S+!   kvWiWbyggist76.gr._tilskipunar_Ԁ2013/36/ESB. "   Umb-liW(78.gr.a). #   0kvWinuerfjallaWumYauskilyrWisem_fjrmlafyrirtki_Ԁskaluppfyllavegna_tlna_-  $ og_m;taWilahttu_.Til?hverskyns_skilmlabreytinga_ skv.1.mgr.kvWisinsteljastaWrar !W% breytingarskilmlum_lnasamninga_ԀenkomafyrirkvWinu,_t.d._Ԁ_lnalenging_ԀeWafrysting J""& lns. #'   02.,3.og4.mgr.kvWisinserfjallaWumskyldurvarWandi_stUringu_Ԁ_tlnahttu_Ԁ_t #( lnasafni_Ԁ_fjrmlafyrirtkis_.Xrskyldurmheimfrauppsrhvernhlutahvers_tlnasafns_ $ ) _fjrmlafyrirtkis_ԀYegar_fjrmlafyrirtki_Ԁskiptir_tlnasafni_Ԁuppsmrri,afmrkuW_hluta v%N!* sfn_Ԁ(e.portfolios),_t.d._Ԁ_hsnWisln_ԀeWaaWrartilgreindargerWirlna.Xannigkanneinstk A&"+ umtilfellumaWreynastheppilegtaWathugaekkieinungisdreifingu_tlnasafns_Ԁheildsinni,  '", heldurdreifinguhvers_hlutasafns_Ԁfyrirsig. '#-   GerterrWfyriraW_fjrmlafyrirtki_ԀhafitilstaWar_skilvirk_ԀkerfisemnUtistviWaWstUra ( oghafaeftirlitmeW_tlnasafni_ԀsnuoginnihaldiYess.Til_skilvirkra_Ԁkerfaskv.3.mgr.teljast  m.a.tlvukerfieneinniggtihrveriWumannarskonarkerfiaWrWa.TaliWerupp  _dmaskyni_ԀhvaWaYttirYaWerusemkerfunumertlaWaWstUra,greinaoghafaeftirlitmeW a enYaWerugreiningvanefnda,_virWisbreytinga_Ԁog_varWarniWurfrslna_.Ekkierumtmandi T, upptalninguaWrWaoggetaYvfleiriYttirfalliWundirkvWiWallteftirYvhvaWastarf  semi_fjrmlafyrirtki_Ԁstundar.ErYaWundir_fjrmlafyrirtkjum_ԀkomiWaWmetahvaWaaWrir  YttirvruviWeigandistarfseminnienslktmatttivalltaWbyggjast_varWarsj;nar   miWum_ԀviW_httustUringu_,_Y.e._ԀaWfleiriYttirenfrrittuaWfallahrundir.MeW_van  X efndum_Ԁer&  ttviWYaWsemnefnistensku?problem_credits_ ,_Y.e._Ԁlnveitingarsemfelasr K #  _tapshttu_.'K       SambrilegtkvWieraWfinna79.gr._tilskipunar_Ԁ2013/36/ESB.      Umc-liW(78.gr.b).     kvWiWfelursrskyldur_fjrmlafyrirtkis_ԀtilaWmeWhndlahttusemverWureftir wO  YegaraWferWirYessviWaWmilda_tlnahttu_,_t.d._ԀtryggingareWaveWvegna_lnveitinga_, B  virkaekkisemskyldi.Slkhttanefnist_eftirstW_ԀhttaogergertrWfyriraW_fjrmla    fyrirtki_Ԁhafi_a.m.k._ԀtilstaWarskjalfestaferlatilaWstUrahenni.UmlgmarkskrfueraWrWa   oggtiYvveriWnauWsynlegtfyrir_fjrmlafyrirtki_ԀaWhafafleirirrWitilstaWar.Greinin {  YarfnastaWWruleytiekkiskUringar.SambrilegtkvWier80.gr._tilskipunar_Ԁ2013/36/ nF ESB. 9   Umd-liW(78.gr.c).    kvWiWfelursrskyldur_fjrmlafyrirtkis_ԀviWaWmeWhndla_samYjppunarhttu_.  GerterrWfyriraW_fjrmlafyrirtki_Ԁgreini_samYjppunarhttu_ԀmeWtillititilYesshvort r _m;taWilar_Ԁfyrirtkisinstilheyrimargirsamageira_hagkerfisins_Ԁ(e._economic_Ԁsector),su e= samalandsvWieWabj;WiuppsmuYj;nustueWasvipaWarvrur,_Y.e._ԀsuaWfstviWsam 0 brilegastarfsemi.Undirgreiningu_samYjppunarhttu_ԀmeWtillititilgeiraha_gkerfisins_  fellurm.a.aWathugalnveitingarvegna;lkrategunda_fasteignalna_ԀeftirYvhvortumeraW  rWaeinstaklingaeWafyrirtki.SrstaklegaertilgreintaWundir_samYjppunarhttu_Ԁgeta i falliWst;rar;beinar_httuskuldbindingar_ԀsemmyndastYegarsmutryggingareruteknartil \4 aWmildahttuvegnanokkurra_httuskuldbindinga_.Sutryggingar_fjrmlafyrirtkis_Ԁtil ' aWmyndahlutabrfsamatgefandaoghlutfallYessaratryggingaerhtt,yfir25%afllum  _tryggingum_,erhttaaWst;r;bein_httuskuldbinding_Ԁmyndisthjfyrirtkinu.kvWiW  tekureinnigtil_miWlgra_Ԁm;taWila(e._Central_ԀCounterparty).SambrilegtkvWieraWfinna `  81.gr._tilskipunar_Ԁ2013/36/ESB. S+!   Ume-liW(78.gr.d). "   kvWiWfelursrannarskonarskyldurenkomafram29.gr.b!29.gr.dlaganna. # kvWiWfelursrskyldu_fjrmlafyrirtkis_ԀtilaWhafatilstaWarrrWitilaWmeWhndla  $ httuvegna_verWbrfunar_.SlkrrWifelastm.a.YvaWhafatilstaWarskjalfestaferlaog !W% aWferWirengtutilviWb;tarfaliWsrnnurviWeigandirrWiallteftiratvikumhverjusinni J""& ogaWteknutillititilYesshversuumfangsmikilviWskiptimeW_verWbrfaWa_Ԁ_gerninga_ԀfyrirtkiW #' stundar. #(   MeWhugtakinu?_verWbrfun_Ԁ_httuskuldbindingum_Ԁvegna_veltufjrmgnunar_ sam $ ) kvmtkvWinuerttviWYaWsemenskunefnist?revolvingsecuritisationtransactions . v%N!* GreininYarfnastaWWruleytiekkiskUringar.SambrilegtkvWieraWfinna82.gr._til A&"+  skipunar_Ԁ2013/36/ESB.  '", & a      Umf-liW(78.gr.e). (   kvWiWbyggist83.gr._tilskipunar_Ԁ2013/36/ESBogvarWarskyldur_fjrmlafyrirtkis_  'a(Hvegna_stUringar_Ԁ_markaWshttu_.XrskyldurerulagWar_fjrmlafyrirtki_ԀaWstUra_markaWs  httu_Ԁsembyggiststefnuog_skjalfestum_Ԁinnriferlumsemnitilorsaka_markaWshttu_Ԁog a hrifahennarfyrirtkiW.InnriverklagsreglureigaaWveragrundvllurfyrirgreiningu,ml T, inguog_stUringu_Ԁ_markaWshttu_.02.mgr.ersrstaklegatilgreintaW_fjrmlafyrirtki_ԀYurfi  aWgerarWstafanirtilaWtryggjaaWekkiskapistlausafjrskortur(e.shortageofliquidity)  Yegar_skortstaWa_Ԁ_gjaldfellur_Ԁundan_gn;ttstWu_.EkkierhgtaWgerameWtmandihtti   greinfyrirYvhvaWtelsttilslkra_rWstafana_ԀaWWruleytienYvaW_fjrmlafyrirtki_ԀYarfaW  X vera&  viWbiWaWmtaYessaristWumeWYvaWhafatilstaWarngtlaustfeWahafaaWgang K #  aWYv.'K     & a   03.mgr.kvWisinsersskyldalgW_fjrmlafyrirtki_ԀaWYaWhafitilstaWarngteigiW    ftilaWmtaverulegri_markaWshttu_ԀsemekkiersrstaklegameWhndluWgrundvelli   'a treikninga_eiginfjrkrfum_Ԁvegna_markaWshttu_.MeWYversskyldalgW_fjrmla wO  fyrirtki_ԀaWYaWhugiaWverulegum_httuYttum_Ԁvegna_markaWshttu_Ԁsemekkikrefjast B  srstakrar_eiginfjrbindingar_,_Y.e._ԀaWgerWssrstk_eiginfjrkrafa_Ԁ(e.ownfundsrequire    ment)vegnaYeirra.KomiuppsstaWaaWverulegur_markaWshttuYttur_Ԁ;gnifjrhagsstWu   _fjrmlafyrirtkis_ԀfyrirtkiaWhafagripiWtilfyrirbyggjandi_rWstafana_ԀtilYessaWmta {  henni.kvWiWleggurYvYrskyldurherWar_fjrmlafyrirtki_ԀaWYaWgreini_httuYtti_ nF semeru_;meWhndlaWir_ԀtilaWkomavegfyriraWsstaWamyndist. 9   Umg-liW(78.gr.f).    kvWiWleggurYskyldu_fjrmlafyrirtki_ԀaWYaWgreini,metiogstUrihttuvegna  mgulegra_vaxtabreytinga_ԀsemhafahrifviWskiptiutan_veltub;kar_.SambrilegtkvWi r eraWfinna84.gr._tilskipunar_Ԁ2013/36/ESB. e=   Umh-liW(78.gr.g). 0   kvWiWbyggist85.gr._tilskipunar_Ԁ2013/36/ESBogvarWarskyldur_fjrmlafyrirtkja_  vegna_stUringar_Ԁ_rekstrarhttu_.01.mgr.kvWisinskemurframaW_fjrmlafyrirtkjum_Ԁer  tlaWaWtilgreinahvaWtelsttil_rekstrarhttu_.Skilgreiningu_rekstrarhttu_ԀeraWfinna i reglugerW(_ESB_)nr.575/2013,ensamkvmthenninr_rekstrarhtta_Ԁm.a.tillagalegrar \4 httu._Fjrmlafyrirtkjum_ԀertlaWaWstUra_rekstrarhttu_ԀtilaWgetamttUmsum_fllum_ ' semgetastafaWafUmsumtilvikumogatburWumrekstri.0frumvarpinuerYvlagttilaW  _fjrmlafyrirtki_ԀtilgreinihvaWtelsttil_rekstrarhttu_,_Y.e._ԀtilgreinihelstutilvikogatburWi  semaWmatifyrirtkisinsgetaheyrtundir_rekstrarhttu_Ԁsamkvmtskilgreiningunnireglu `  gerW(_ESB_)nr.575/2013.GreininYarfnastaWWruleytiekkiskUringar. S+!   Umi-liW(78.gr.h). "   kvWiWbyggist86.gr._tilskipunar_Ԁ2013/36/ESB.0kvWinuerfjallaWumkrfurtil # _fjrmlafyrirtkja_ԀvegnameWhndlunarog_stUringar_Ԁ_lausafjrhttu_.Xesserm.a.krafist  $ aW_fjrmlafyrirtki_Ԁsetjisr_verkferla_Ԁogm;tiaWferWirogkerfitilaWgreina,metaogstUra !W% _lausafjrhttu_. J""&   01.mgr.greinarinnarergertrWfyrirYvaWgreining_lausafjrhttu_ԀnitilviWeigandi #' _tmaramma_ԀsemsumumtilfellumgeturveriWinnandags.HugtakiW_httusniW_ԀkvWinu #( nrtilYesssemenskunefnist?riskprofile . $ )   MarkmiW2.og3.mgr.greinarinnareraWtryggjaaW_httusniW_Ԁ_fjrmlafyrirtkis_ԀtakimiW v%N!* afstarfsemiYessbWihrlandiogerlendis._httusniWiW_ԀYarfeinnigaWtakamiWafYv A&"+ aW_fjrmlakerfiW_ԀgetistarfaWeWlilega,komitil_falla_Ԁrekstri_fjrmlafyrirtkis_.MeWYess  '", umhttigeturstUring_lausafjrhttu_ԀstuWlaWaWYvaWtakmarka_kerfishttu_. '#- & a   03.mgr.greinarinnarkemurframaW_fjrmlafyrirtki_ԀskuliYr;aaWferWafrWitilaWgeta ( fylgstmeW_fjrmgnunarstWum_._AWferWafrWin_ԀskalstyWjastviWnverandiogtlaWfjr  'a(t#streymifyrirtkisinssemstafarafeignum,skuldumogliWumutan_efnahagsreiknings_._Fjr  mlafyrirtki_ԀskaleinnigstuWlaaWYvaWfjrmgnunYesssdreifW,sbr.6.mgr.greinar a innar. T,   04.og5.mgr.greinarinnarerkveWiWumaW_fjrmlafyrirtki_Ԁskuligreinamilli_veW  settra_Ԁog_kvaWalausra_Ԁ(e.encumbered)eigna,_Y.e._ԀeignasemekkierubundnarneinumkvW  umogeruYvlausarsvoaWfyrirtkiWgetimtt_lagstmabili_.0YvskyniskuluYaum.a.afla   upplUsingaumYaWhvareignirnarerustaWsettar,bWihvaWvarWarYaWrkiYarsem_eignar  X rttindi_ԀeruskrWsemoghvaWa_lgaWili_ԀfarimeWeignarhaldYeirra(e.legallyrecorded).Er K #  YessiskyldalgWfyrirtkinsvoaWYauhafihverjumtmaskUrayfirsUnyfirlaust&  og    tiltktf.MeWhugtakinu?_httuYol_ erttviWYaWsemenskunefnist?risktolerance .' :*      06.,7.og8.mgr.kvWisinserfjallaWum_mildun_Ԁ_lausafjrhttu_Ԁognotkun_sviWsmynda_   tilaWgreina_lausafjrstWu_.0kvWunumkemurframaW_fjrmlafyrirtki_Ԁskulikappkosta wO  aWnotafleirieneinaaWferWtilaWdragarhttufyrirtkisinsviW_lausafjrstUringu_,_t.d._ԀmeW B  YvaWbyggjaupp_varaforWa_Ԁ_lauss_Ԁfjr.Slkum_varaforWa_ԀerYeimnYegartlaWaWbyggja    uppgrundvellireglnaSeWlabanka0slands,nr.1055/2013,um_lausafjrhlutfall_Ԁ_o.fl_.,en   kvWiWgerirrWfyriraW_fjrmlafyrirtki_ԀvinnisamhliWaaWYvaWtileinkasraWrar {  aWferWir,svosemmeWYvaWsetjannurviWeigandimrk,tilaWmilda_lausafjrhttu_ԀYess. nF Slkmrktengjastm.a.niWurstWumrsviWsmyndumog_lagspr;fum_Ԁsem_fjrmlafyrirtki_ 9 geratilaWmlaoggreinaeigin_lausafjrhttu_,sbr.7.!9.mgr._Fjrmlafyrirtki_Ԁskal  skjalfestaYrforsendursemliggjatilgrundvallarkvrWunumumfjrmgnunfyrirtkisog  endurskoWaYr_a.m.k._Ԁrlega.ViWslka_skjalfestingu_ԀskalhorfatilniWurstaWnaYeirra_sviWs r mynda_ԀsemgetiWerum7.mgr.SviWsmyndirsemkannaWareruskuluntileinstakra e= fyrirtkja,markaWarinsheildeWaverablandaWar.GeraskalrWfyriraW_sviWsmyndirnar_Ԁgeti 0 nWyfir;lktmabil,jafnvelinnandags,ogaWYrnitilmismunandi_lagsaWstWna_.NiWur  stWurYeirraeigaaWleiWatilYessaW_fjrmlafyrirtki_Ԁ_aWlagi_Ԁtlanirogstefnurvegna_lausa  fjrhttu_,aukYessaWtba_viWbragWstlun_ԀtilaWYaugetibrugWistviWmeWviWeigandi i httieftil_lagsaWstWna_Ԁ& a kemur.MeWhugtakinu?einingum_srverkefni_ԀsviWi_verWbrf \4 unar_ 7.mgr.erttviWYaWsemenskunefnist?SecuritisationSpecialPurposeEntities ' (SSPE) .'a\6    09.mgr.erkveWiWumaW_fjrmlafyrirtki_Ԁskulihafatiltka_viWbragWstlun_ԀviW_lausa  fjrvanda_ԀogYeimtilgangiverameWfullngjanditryggingarvegna_fjrmgnunar_ԀfrseWla `  banka,eftireWliogaWstWum. S+!   Krfurum_lausafjrstWu_Ԁ_fjrmlafyrirtkja_ԀogtreikningahennierutfrWarreglu " gerW(_ESB_)nr.575/2013og_afleiddri_ԀgerW(e.delegatedact)um_lausafjrhlutfall_Ԁ(e.liquidity # coverageratio/LCR).SeWlabanki0slandsseturreglurum_lausafjrhlutfall_Ԁog_fjrmgnunar  $ hlutfall_Ԁgrundvelli12.gr.laganr.36/2001,umSeWlabanka0slands.SeWlabanki0slands !W% hefurumsj;nmeW_gagnaskilum_ԀogberbyrgWeftirlitimeWframkvmdreglnasemhann J""& seturogaWskUrslumsmiWlaWtil_Fjrmlaeftirlitsins_.SeWlabanki0slandsberjafnframt #' byrgWgreininguogmati_lausafjrhttu_Ԁog_httuYoli_Ԁ_fjrmlafyrirtkja_Ԁtfr_gagna #( skilum_Ԁoggerir_srtkar_Ԁkrfurtil_fjrmlafyrirtkja_ԀumlaustfmetibankinnYrfYv.0 $ ) almennueftirlitiog_httumati_Ԁfer_FjrmlaeftirlitiW_Ԁyfir_lausafjrhttu_ԀfyrirtkjasamrWi v%N!* viWSeWlabankann._FjrmlaeftirlitiW_Ԁgreinir_viWskiptatlanir_Ԁ_fjrmlafyrirtkja_,_Y.m.t._Ԁtl A&"+  anirumfjrmgnun,innriferlaog_framfylgd_ԀYeirra.  '", _& ,      Umj-liW(78.gr.i). (   0kvWinuerfjallaWummeWhndlunhttuvegna;h;flegarvogunar(e.excessive  leverage).EkkierkvWinumltfyrirumsrstakarkrfurvegnatreikningsvogunar  ',( Bhlutfalli(e.leverageratio),enslkarkrfurmunufylgjainnleiWingureglugerWar(ESB)nr. a 575/2013enkveWiWerumvogunarhlutfll429.og430.gr.reglugerWarinnar.Fjrmla T, fyrirtkiverWaYvaWverastakkbintilaWhltaslkumkrfum.VegnaYessaersskylda  lgWfjrmlafyrirtkiaWstUrahttuvegna;h;flegrarvogunarmeWvarfrnumhtti.  FjrmlafyrirtkiskuluYvtakatillittilYessaWslkhttageturaukistennfrekarvegna   lkkunareiginfjrgrunnifyrirtkisins,m.a.vegnavntseWainnleyststapssamrmiviW  X gildandireikningsskilareglur. K #    GerterrWfyriraWfjrmlafyrirtkisetjiuppsviWsmyndirogvinnilagspr;ftilaWmeta    hvortYausustakkbintilaWtakastviW;lkalagsatburWisemtengdireruhttuaf    ;h;flegrivogun.AWsamaskapigeturFjrmlaeftirlitiWgertlagspr;ffyrirtkinutilaW   metahvortYaWuppfyllikrfursamkvmtkvWinu.SambrilegtkvWieraWfinna87. wO  gr.tilskipunar2013/36/ESB. B    UmkliW(79.gr.).      MeW1.mgr.greinarinnarereftirlitshlutverkFjrmlaeftirlitsinsrttaWvegnaYeirra   httuYttasemtaldireruupp78.gr.a!78.gr.gog78.gr.i.FjrmlaeftirlitiWskalekki {  einungistryggjaaWfjrmlafyrirtkihafitilstaWarstefnur,verkferlaogviWmiWtilaWmeW nF hndlahttuYttina,heldurerstofnuninnitlaWaWsjtilYessaWfjrmlafyrirtkifylgi 9 skjalfestuminnriferlumstarfsemisinni.    02.mgr.greinarinnarkemurframaWbWiFjrmlaeftirlitiWogSeWlabanki0slandsfara  meWeftirlitmeWYvaWfjrmlafyrirtkiuppfylliYrkrfurogskyldursemtilteknareru r 78.gr.h.AWvsabWitilFjrmlaeftirlitsinsogSeWlabanka0slandskvWinukemurtil e= vegna5.gr.tilskipunar2013/36/ESBsemkveWurumaWaWildarrkinsamhfieftirlitYeirra 0 stofnanasemhafaeftirlitmeWlnastofnunum,fjrfestingarfyrirtkjumogWrumfjrmla  stofnunumYegarfleirieneineftirlitsstofnunsinnireftirlitimeWYeimaWildarrki.TilaW  tryggjaaWskyldurvegnatilskipunar2013/36/ESBsuuppfylltarerskUrtkveWiWumeftirlit i vegnaYeirrahttuYttasemtilgreindirerukvWum78.gr.a!78.gr.i.Sambrileg \4 kvWitilskipunarinnarleggjaskyldureftirlitsstofnanirWrumaWildarrkjumEvr;pska ' efnahagssvWisins.XaukvWisemtilgreinderu78.gr.a!78.gr.ierugrundvallarkvWi  vegnaYeirraviWmiWasemFjrmlaeftirlitiWaWhafaeftirlitmeWvegnaknnunar-ogmats  ferlisfjrmlafyrirtkja(SREP).XessikvWiliggjam.a.tilgrundvallarviWmiWunarreglum `  (e.guidelines)Evr;pskubankaeftirlitsstofnunarinnarumframkvmdknnunar-ogmats S+! ferliseftirlitsstofnanaEvr;pskaefnahagssvWinu.ViWlgfestinguYeirrakvWatilskip " unar2013/36/ESBsemvarWaknnunar-ogmatsferliFjrmlaeftirlitsinserYvmikilvgtaW # skUrtskveWiWumskyldurfjrmlafyrirtkjameWtillititilmeWhndlunarhttuYtta  $ starfsemiYeirra.0greininnierkveWiWumaWSeWlabankinnsetjireglurumlaustfogstW !W% ugafjrmgnunlnastofnanaoghafieftirlitmeWYeimsamkvmtlgumumSeWlabanka J""& 0slands.XkemurframaWFjrmlaeftirlitiWhafieftirlitmeWYvaWfjrmlafyrirtki,nnur #' enlnastofnanir,farieftirYeimkrfumogskyldumsemtilteknareru78.gr.h.HiWsama #( viWumannaWeftirlitmeWlnastofnunumgrundvellikvWisinsenYaWsemSeWlabankinn $ ) viWhefurgrundvellilagaumSeWlabanka0slands,m.a.hvaWvarWarknnunar-ogmatsferli. v%N!* 0kvWinukemurframaWSeWlabanki0slandsogFjrmlaeftirlitiWskuluviWhafareglu A&"+ bundnasamvinnuvegnaeftirlitsmeWlausafjrhttufjrmlafyrirtkjaskv.78.gr.h,Yar  '", meWalvarWandisetningureglna.XannigerFjrmlaeftirlitinuheimiltaWsetjareglur_um '#- meWhndlunsrhvers_httuYttar_ԀsamkvmtYessarimlsgreintilaWtfrannarskyldur ( _fjrmlafyrirtkja_Ԁskv.78.gr.a!78.gr.g.og78.gr.ienSeWlabanki0slandsog_Fjrmla  eftirlitiW_ԀeigasamrWiumsetningusambrilegrareglnagrundvelli78.gr.h._Reglusetn  ingarheimildirnar_ԀtryggjaaW_FjrmlaeftirlitiW_Ԁgetieinstkumtilvikum,ogYarsemviW, a settbindandireglurumYaWhvernigmeWhndlaY_httuYtti_ԀsemtilgreindirerukvW T, unum.Yettageturm.a.reyntYarsemtalinerYrfYvaWsetjabindandireglursemtaka  miWafstarfsemi_fjrmlafyrirtkja_ԀhrlandieWatilaWtryggjaaWfariWseftir_viWmiW  unarreglum_Ԁ(e._guidelines_)Evr;psku_bankaeftirlitsstofnunarinnar_.0nUlegrittekt_AlYj;Wa   gjaldeyrissj;Wsins_Ԁfylgni_Fjrmlaeftirlitsins_ԀviW_kjarnareglur_Ԁum_skilvirkt_Ԁ_bankaeftirlit_Ԁ(a.  X _Basel_ԀCorePrinciplesforEffectiveBankingSupervision)benti_AlYj;Wagjaldeyrissj;Wurinn_ K #  m.a.aWverulegaskortirheimildir_Fjrmlaeftirlitsins_ԀtilYessaWsetjabindandireglureWa    viWmiWumeinstaka_httuYtti_Ԁstarfsemi_fjrmlafyrirtkja_.MeWtillguaWnUrri1.mgr.    erYvbrugWistviWYessu.Tilgreintersrstaklega2.mgr.aW_FjrmlaeftirlitiW_ԀogSeWlabanki   0slandshafireglubundiWsamrWumeftirlitmeW_lausafjrhttu_,enslktergertgrundvelli wO  samkomulagsmillistofnananna. B    Um30.gr.   a  MeWgreininnierlagttilaWviWlginbtistsexnUjargreinar,84.gr.a!84.gr.fsem {  kveWaum_eiginfjrauka_Ԁ_o.fl_.kvWinkveWaumskyldu_fjrmlafyrirtkja_ԀtilYessaW nF viWhalda_verndunarauka_Ԁogheimildir_Fjrmlaeftirlitsins_Ԁeftirtillgufr_fjrmlastWugleika 9 rWi_ԀtilYessaWkveWaaW_fjrmlafyrirtki_ԀviWhaldiWrum_eiginfjraukum_Ԁsemnnarer  kveWiWumgreinunum.kvWinbyggjast129.!142.gr._tilskipunar_Ԁ2013/36/ESB.045.  gr.frumvarpsinserkveWiWumhvernigheimildirtilYessaWkveWaum_eiginfjraukana_Ԁtaka r gildiogkomatilframkvmdahrlandi. e=   Uma-liW(84.gr.a). 0   0kvWinuerkveWiWumalmennarreglursemgildaum_eiginfjrauka_ԀsemkveWiWverWur  um84.gr.b!84.gr.everWifrumvarpYettaaWlgum.XkveWurkvWiWeinnigum  YaWhvernig_eiginfjraukarnir_Ԁleggjastsamaneffleirieneinn_eiginfjraukanna_Ԁervirkur. i AWeinseinn_eiginfjraukanna_,_verndunaraukinn_,erviWvarandiogber_fjrmlafyrirtkjum_ \4 valltaWviWhaldahonum.kvWisemmlafyrirumaWra_eiginfjrauka_,_Y.e._Ԁ84.gr.b!84. ' gr.dkveWaeinungisumheimildtilYessaWkvarWallum_fjrmlafyrirtkjum_ԀeWahluta  Yeirratiltekna_eiginfjrauka_ԀefkveWnaraWstWurskapaststarfsemi_fjrmlafyrirtkja_,  _fjrmlamarkaWi_ԀeWaefnahagslfilandsinseWaannarsstaWar.XmlirkvWiWeinnigfyrir `  umYaWhvernig_eiginfjraukarnir_ԀbtastviWkrfurum_lgmarkseiginfjrgrunn_Ԁskv.84.gr. S+! lagannaogY_eiginfjrkrfu_Ԁsem_FjrmlaeftirlitiW_Ԁgeturmltfyrirumkjlfarknnunar- " og_matsferlis_Ԁskv.aliW1mgr.laganna. #   01.mgr.greinarinnarkemurframaWtilviWb;tarviWlgmark_eiginfjrgrunns_Ԁskv.1.mgr.  $ 84.gr.skal_fjrmlafyrirtki_Ԁuppfyllakrfurum_eiginfjrauka_ԀsamrmiviW84.gr.b!84. !W% gr.e.XettaYUWiraW_eiginfjraukar_ԀbtastviWkrfuum_lgmarkseiginfjrgrunn_ԀsemkveWiW J""& erum1._mlsl_.1.mgr.84.gr.ogbtasteinnigviWkrfu_Fjrmlaeftirlitsins_Ԁumhrri #' _eiginfjrgrunn_Ԁgrundvellia-liWar1.mgr.Skv.2._mlsl_.ereinungisheimiltaWtelja_eigin #( fjrliWi_Ԁsemteljasttil_eiginfjrYttar_ԀAskv.5.mgr.84.gr.lagannatilYessaWuppfyllakrfu $ ) um_eiginfjrauka_.HrskalYessgetiWaWreglugerW(_ESB_)nr.575/2013gerirtluverWar v%N!* breytingarYvhverniguppbyggingeiginfjr_fjrmlafyrirtkja_Ԁskalveraogfkkarm.a. A&"+ _eiginfjrliWum_Ԁsemteljasttil_eiginfjrYttar_ԀAfrYvsemngildir.MarkmiWnUrrareglna  '", erbWiaWbtamagnoggWiYesseiginfjrsem_fjrmlafyrirtki_ԀskuluviWhaldatilYess '#- _aWmtakrfumbWilagaogeftirlitsaWila.GerWarverWabreytingareiginfjrkaflalaganna, ( Y.e.X.kaflalaganna,meWfrumvarpitilbreytingalgunumseinnaYessurimeWYaWaW  markmiWiaWaWlagalginaWnUjumreglumEvr;purttarogBaselIIIstaWli.XartillokiW  hefurveriWviWYrbreytingarX.kaflalagannaerugildandireglursinnhttvilnandifyrir a fjrmlafyrirtkisemstarfahrlandiYarsemfyrirtkingetamttkrfuumeigiWf T, samrmiviWreglurumeiginfjraukameWeigiWfsemekkitelstlengurtileiginfjrYttarA  samkvmtreglumEvr;purttar.FjrmlafyrirtkiskuluY;hafahugaaWfrumvarptil  breytingaX.kaflalagannaervntanlegtYessurieinsogWursagWi.     Samkvmt2.mgr.greinarinnarer;heimiltaWtvteljaeiginfjrliWimeWYeimhttiaW  X eigiWfsbWinUtttilYessaWmtaeiginfjrkrfuFjrmlaeftirlitsinsgrundvellia-liWar K #  1.mgr.84.gr.,hafiFjrmlaeftirlitiWsettslkakrfu,ogkrfumtilYessaWviWhaldaeigin    fvegnaeiginfjraukagrundvelli84.gr.b!84.gr.e.Xannigskalfjrmlafyrirtkifyrst    teljatileigiWftilaWuppfyllaskylduskv.a-liW1.mgr.84.gr.ogeftirYaWteljatileigiWf   tilYessaWuppfyllaskyldurskv.84.gr.b!84.gr.e. wO    03.mgr.greinarinnarermltfyrirumhvernigsamanlgWkrafaumeiginfjraukamyndast B  effleirieneinneiginfjraukannaervirkur.01.mlsl.3.mgr.erkveWiWumYaWaWeigin    fjraukarbtistviWlgmarkseiginfjrgrunnskv.1.mlsl.1.mgr.84.gr.ogtilviWb;tarviW   eiginfjrkrfusemhgteraWmlafyrirumgrundvellia-liWar1.mgr.84.gr.Tilnnari {  skUringarYessuervsaWtilskUringarviW1.mgr.greinarinnar.Skv.2.mlsl.3.mgr.mynd nF astkrafaumsamanlagWaneiginfjraukasfjrmlafyrirtkiskyltaWviWhaldaeinumeWa 9 fleiriYeirraeiginfjraukasemkveWiWerum84.gr.b!84.gr.e.Suallireiginfjraukarnir  virkirmyndastfyrstskyldatilaWviWhaldaeiginftilYessaWuppfyllaeiginfjrkrfueigin  fjraukavegnakerfishttu,Ykerfislegamikilvgrafjrmlafyrirtkja,sWansveiflujfn r unaraukaogaWlokumverndunarauka.FjrmlafyrirtkigetursamahttekkitvtaliWeigiW e= ftilYessaWviWhaldaeiginfjraukumgrundvelli84.gr.b!84.gr.e.HrskalYesseinnig 0 getiWaWllfjrmlafyrirtkisemekkifallaundirundanYgusemkveWiWerum2.mgr.  84.gr.eskuluviWhaldaverndunarauka.XannigaWefkveWiWerumskyldufjrmla  fyrirtkistilaWviWhaldaWrumeinstkumeiginfjraukagrundvelli84.gr.b!84.gr.dskal i fyrstteljatileiginfjrtilYessaWviWhaldaYeimeiginfjraukaogsvoverndunarauka.Eins \4 ogframkemurlokamlsliW3.mgr.myndarsamanlagtgildiYeirraeiginfjraukasemkveWiW ' erumaWfjrmlafyrirtkiskuliviWhaldagrundvelli84.gr.b!84.gr.esamanlagWakrfu  umeiginfjrauka.EfkveWiWerumaWtiltekiWfjrmlafyrirtkiskuliviWhaldasveiflu  jfnunaraukagrundvelli84.gr.doggildihanserkveWiW1%ogsamafjrmlafyrirtki `  viWheldurverndunaraukagrundvelli84.gr.eengildihanserfast2,5%YverWursamanlagt S+! gildieiginfjraukaogmeWYvsamanlgWkrafaumeiginfjraukahjYessutiltekna " fjrmlafyrirtki3,5%. #   04.mgr.eraWfinnaundantekningufrYeirrimeginregluaWgildieiginfjraukaleggist  $ samanogmyndieinasamanlagWakrfuumeiginfjrauka.0kvWinukemurframaWYegar !W% fjrmlafyrirtkiberbWiaWviWhaldaeiginfjraukavegnakerfishttugrundvelli84.gr. J""& bogeiginfjraukafyrirkerfislegamikilvgfjrmlafyrirtkigrundvelli84.gr.cskals #' eiginfjraukisemhrriergildagagnvartfjrmlafyrirtkinu.EffjrmlafyrirtkiviWheldur #( eiginfjraukafyrirkerfislegamikilvgtfjrmlafyrirtkigrundvelli84.gr.coggildihans $ ) erkveWiW1,5%aukeiginfjraukavegnakerfishttugrundvelli84.gr.boggildihans v%N!* hefurveriWkveWiW2%skalekkileggjagildieiginfjrkrafnannasamanheldurskalhrra A&"+ gildiWgildagagnvartfjrmlafyrirtkinu.0YessudmiverWurgildieiginfjrkrfugagnvart  '", fjrmlafyrirtkinu2%,Y.e.hrrikrafan.XrttfyrirYettaskalskv.2.mlsl.4.mgr.leggja '#- samangildieiginfjraukafyrirkerfislegamikilvgfjrmlafyrirtkiogeiginfjraukavegna ( kerfishttuYegareiginfjraukivegnakerfishttutekurtilallrainnlendrahttuskuld  bindingafjrmlafyrirtkisenekkitilhttuskuldbindingaWrumrkjumEES-svWinu.  XannigaWefkerfislegamikilvgtfjrmlafyrirtkiskalviWhaldabWumumrddumeigin a fjraukumoggildieiginfjraukafyrirkerfislegamikilvgfjrmlafyrirtkierkveWiW2% T, oggildieiginfjraukavegnakerfishttuerkveWiW1,5%ogtekureinungistilinnlendra  httuskuldbindingamundisamanlgWkrafaumeiginfjraukagagnvartYessutiltekna  fjrmlafyrirtkivera3,5%.GildieiginfjraukannamundiYessumtilfellumleggjastsaman.     kvWi5.mgr.greinarinnarfjallarumYaWtilvikYegarfyrirtkiberaWviWhaldabWi  X eiginfjraukavegnakerfislegamikilvgrafjrmlafyrirtkjaogeiginfjraukavegnakerfis K #  httuYrttfyriraWveraekkikerfislegamikilvgtfjrmlafyrirtki.Slktgeturgerst    grundvelli4.mlsl.84.gr.ceWa2.mgr.84.gr.bsemheimilareftirlitsaWilaaWltaviWkom    andieiginfjraukantilsamstWufjrmlafyrirtkisheildeWaaWkveWnumhluta.Rk   mlameWYvaWhgtsaWtakamiWafsamstWufjrmlafyrirtkisinstaflkumkeWju wO  verkandihrifumsamstWunaefeittfyrirtkiinnanhennarfellur.Xegarslkfyrirtki B  viWhaldabWieiginfjraukavegnakerfislegamikilvgrafjrmlafyrirtkjaogeiginfjrauka    vegnakerfishttugetursamanlgWkrafaumeiginfjraukaaldreiveriWlgriensamtala   verndunaraukaogsveiflujfnunarauka,shannvirkur,oghrragildiannaWhvorteigin {  fjraukavegnakerfislegamikilvgrafjrmlafyrirtkjaeWaeiginfjraukavegnakerfis nF httu.XettaY;ekkiviWefeiginfjraukivegnakerfishttuervirkurYannhttsem 9 kveWiWerum4.mgr.,Y.e.aWleggjaberiYsaman.    Samkvmt6.mgr.greinarinnarmfjrmlafyrirtkisemviWheldureiginfjraukumskv.  84.gr.b!84.gr.eekkigreiWatarW,breytilegstarfskjrtilstarfsmannaeWaframkvma r aWrargreiWslursemverWatilYessaWfjrmlafyrirtkiuppfyllirekkilengurlgmarkskrfur e= umhlutfalleiginfjrliWaundireiginfjrYttiA.02.mlsl.6.mgr.kemurframaWfjrmla 0 fyrirtkisemYegaruppfyllireiginfjrkrfugrundvelli1.mgr.84.gr.enviWheldurekki  eiginfjraukumskv.84.gr.b!84.gr.es;heimiltaWgreiWatarW,breytilegstarfskjrtil  starfsmannaeWaframkvmaaWrarYrgreiWslureWaaWgerWirsemhafahriftillkkunar i eiginfjrgrunniumframhmarkstgreiWslufjrhWsamkvmtreglumsemFjrmlaeftirlitiW \4 setur.HrervsaWtilYessaWfjrmlafyrirtkihefurheimildtilYessaWframkvmagreiWslur ' semvsaWertilkvWinuenYrtakmarkastafreglumumhmarkstgreiWslufjrhW(e.  MaximumDistributableAmount(MDA))semFjrmlaeftirlitiWskalsetjagrundvelli7.  mgr.greinarinnar.XvergertrWfyrirYvsamkvmtkvWinuaW141.gr.tilskipunar `  2013/36/ESBsemkveWurumYessarheimildirverWiinnleiddhrlandimeWreglumsem S+! FjrmlaeftirlitiWsetur. "   Samkvmt7.mgr.greinarinnarskalFjrmlaeftirlitiWsetjannarireglurumhmarks # tgreiWslufjrhWtakmarkanirtgreiWslumfjrmlafyrirtkjaarWitilhluthafa,breyti  $ legumstarfskjrumtilstarfsmannaogWrumgreiWslumYegarfjrmlafyrirtkiuppfyllir !W% ekkiaWfullukrfutilYessaWviWhaldaeiginfjraukaskv.84.gr.b!84.gr.e.0reglunumskal J""& kveWiWumhvernigheimildirtiltgreiWslnaskerWastoghmarkshlutfallYeirra. #'   Umb-liW(84.gr.b). #(   0greininnierkveWiWumheimildFjrmlaeftirlitsinstilYessaWkveWaumskyldufjr $ ) mlafyrirtkjatilYessaWviWhaldaeiginfjraukavegnakerfishttu.kvWigreinarinnar v%N!* byggjast133.og134.gr.tilskipunar2013/36/ESB. A&"+   Samkvmt1.mgr.greinarinnarerFjrmlaeftirlitinuheimiltaWkveWaumeiginfjrauka  '", vegnakerfishttuogkveWagildihansaWundangengnumtilmlumfrfjrmlastWug '#- leikarWi.EinsogkemurframkvWinuskulutilmlifjrmlastWugleikarWseinkum ( byggjasttillgumoggreiningukerfishttunefndarsemstarfareftirlgumnr.66/2014,um  fjrmlastWugleikarW,ogverasamrmiviW5.gr.YeirralagaogreglugerWsemrWherra  seturgrundvelligreinarinnar.XrttfyriraWkomukerfishttunefndarogfjrmlastWug a leikarWsaWkvrWunFjrmlaeftirlitsinsumaWkveWaumeiginfjraukannskalYaWtrekaW T, aWYaWerforrWiFjrmlaeftirlitsinsaWtakakvrWuninaumaWkveWaumeiginfjr  aukannoggildihansogberFjrmlaeftirlitiWstj;rnskipulegabyrgWYvaWYeirsubWi  settirogkerfislegumafleiWingumafYvaWvirkjaheimildina.XettagildireinnigumaWra   eiginfjraukaYrttfyriraWkomukerfishttunefndarogfjrmlastWugleikarWsaWYeim.  X UmmlsmeWferWogsamspiltilmlafjrmlastWugleikarWsogkvrWunarFjrmlaeftir K #  litsinsumaWkveWaumeiginfjraukannfereftirreglugerWsemrWherramunsetjagrund    velli5.mgr.greinarinnar.0framkvmdmunFjrmlaeftirlitiWeWaSeWlabankinnleggjatil    aWeiginfjraukinnssetturviWfjrmlastWugleikarWogkemurtillaganYtilumrWuog   skoWunarkerfishttunefndeneftirYaWfertillagantilumrWufjrmlastWugleikarWi. wO  BWiFjrmlaeftirlitiWogSeWlabanki0slandseigaaWildaWkerfishttunefndogfulltra B  fjrmlastWugleikarWisamtrWherra.MeWYessumhttierYvhgtaWnotasrfrWi    YekkinguviWeigandistofnanamatiYvhvortkveWaeigiumaWfjrmlafyrirtkiviWhaldi   eiginfjraukanum.FjrmlastWugleikarWskaleinnigtilmlumsnumgeratillguaWYv {  hvaWafjrmlafyrirtkiskuliviWhaldaeiginfjraukanumoggildihans.FjrmlastWugleika nF rWskalendurskoWatilmlisnumeiginfjraukanninnantveggjarafrYvaWkvrWun 9 Fjrmlaeftirlitsinskomtilframkvmda.TilmlifjrmlastWugleikarWsogkvrWun  FjrmlaeftirlitsinsumaWkveWaumeiginfjraukannskalrkstuddogbirtopinberlega.  NnarverWurkveWiWumefniogformrkstuWningsogbirtingureglugerWsemsettverWur r grundvelli5.mgr.greinarinnarenafbirtinguverWurekkieftlamaWhngetihaftnei e= kvWhriffjrmlastWugleikaeWainnihaldiviWkvmarupplUsingarumviWskipta-eWa 0 einkamlefniviWskiptamannafjrmlafyrirtkja.    02.mgr.greinarinnarerkveWiWumheimildtilYessaWkveWaumaWeitteWafleiri  fjrmlafyrirtkiviWhaldieiginfjraukanum.HrerumkveWnameWalh;fsregluaWrWa i endamtlaaWuppgetikomiWsstaWaaWeinungishlutifjrmlafyrirtkjasberskjaldaWur \4 gagnvarttiltekinnihttusemtlamaWstilstaWarfjrmlakerfinuogtlunineraWn ' utanumgrundvellikvWisins.Almennureiginfjraukivegnakerfishttusemtkitil  allrafjrmlafyrirtkjavriYv;sanngjarngagnvartYeimfjrmlafyrirtkjumsemekki  byggjuviWhttusemnutanumgrundvellikvWisins.0Yessugetureinnigreynsthvati `  fyrirfjrmlafyrirtkiaWlosasigviWhttuskuldbindingarsemeiginfjraukinnaWntil S+! ogmildaYannighttufjrmlakerfinu.0kvWinuergertrWfyriraWeiginfjraukinngeti " nWtilsamstWufjrmlafyrirtkiseWaeinstakrafyrirtkjasamstWunni.FerYettaeftir # matieftirlitsaWilameWhliWsj;nafeWlihttunnarsemumrWiroghvortaWhnseinnig  $ bundinviWsamstWufjrmlafyrirtkisins.KveWiWerumYetta3.mgr.133.gr.tilskipunar !W% 2013/36/ESB.EiginfjraukanumertlaWaWkomavegfyrireWadragarlangtmahttu J""& semer;sveiflutengdeWatengdYj;WhagsvarWsemekkiertekiWreglugerW(ESB)nr. #' 575/2013.ErhrttviWhttufjrmlakerfinu,heildeWaaWhluta,sem;gnaWgetur #( fjrmlastWugleikaeWahaftalvarlegarafleiWingarfyrirraunhagkerfiW.Tilskipun2013/36/ $ ) ESBskilgreinirekkifrekarhvaWahttuYttumaukanumertlaWaWdragarendageta v%N!* komiWuppWur;YekktarhttursemekkierhgtaWskilgreinafyrirfram.04.mlsl.kemur A&"+ framaWeiginfjraukannmegisetjavegnahttuskuldbindingafjrmlafyrirtkisrkjum  '", utanEESsvWisins,t.d.aWhanntakitilkveWinnaeignatilgreindusvWieWakveWnu '#- rkivegnatiltekinnarkerfishttuYar.KveWiWerumYessaheimild8.mgr.133.gr. ( tilskipunar2013/36/ESB.0lokamlsliW2.mgr.kemurframaWkveWamegiummishttgildi  eiginfjraukansgagnvarteinstkumfjrmlafyrirtkjumefhannerkveWinntilYessaWmta  ;lkrihttufjrmlakerfinu.StafaWifjrmlakerfilandsinst.d.httaaftveimur;lkum a httuYttumgtihlutifjrmlafyrirtkjaveriWtalinnberskjaldaWurgagnvartWrumYeirra T, enannarhlutigagnvarthinum.XgtusumfjrmlafyrirtkiveriWberskjlduWgagnvart  bWum.0YessutilfellivrihgtaWkveWaumYrjmishgildieiginfjraukans,eitttkitil  YeirrafyrirtkjasemfyrstvargetiWhraWframanogannaWgagnvarthinumsemsWanvoru   nefndenYriWjagildiWgtiorWiWsummabeggjagildannagagnvartfjrmlafyrirtkjumsem  X stafaWihttaafbWumhttuYttunum. K #  & a   kvWi3.mgr.greinarinnarkveWurumheimildtilYessaWkvarWaeiginfjraukannsem    hlutfallafhttugrunnifjrmlafyrirtkisinseWatilteknumhttuskuldbindingumogskv.    'a 2.mlsl.geturgildihansnumiW1%eWameiraafYeimhlutasemhanntekurtil.HrermiWaW   viWsmusj;narmiWogkomuframathugasemdumviW2.mgr.greinarinnarumaWhtta wO  semeiginfjraukinnaWnutanumgeturveriWmisjfnogYvYarfbWiaWgerarWfyrir B  aWhnnitilallshttugrunnsfjrmlafyrirtkiseWaeinungiskveWinshlutahansenYaW    geturUttundirhvatahjfjrmlafyrirtkinutilYessaWmildaumrddahttuogminnka   Yannigeiginfjrbindingusna.Skv.133.gr.tilskipunar2013/36/ESBgeturgildieiginfjr {  aukansminnstveriW1%enhmarkerekkitilgreinttilskipuninni.HinsvegarerkveWiW nF umtilkynningarogsamrWsferliviWtilteknarstofnanirEvr;pusambandsinsYegargildieigin 9 fjraukanserkveWiWogerkveWiWumYaW11.!18.mgr.133.gr.tilskipunarinnar.Gerter  rWfyriraWkveWiWverWiumYettaefnireglugerWsemsettverWurgrundvelli5.mgr.  greinarinnar.09.mgr.133.gr.tilskipunar2013/36/ESBkemureinnigframaWgildieigin r fjraukansskulihkkaYrepumsemnema0,5%eWamargfeldiafYv.GeturhannYvhkk e= aWhverjusinnium0,5%,1%,1,5%o.s.frv.0lokamlsliW4.mgr.kemurframaWFjrmla 0 eftirlitiWgetiviWurkennteiginfjraukasemeftirlitsstj;rnvaldWrurkiEESsvWinuhefur  kveWiWvegnahttuviWkomandirki.XerjafnframtkveWiWumheimildFjrmla  eftirlitsinstilYessaWleggjaeiginfjraukannfjrmlafyrirtkihrlandiefviWkomandi i fjrmlafyrirtkiermeWstarfsemiviWkomandirkioghefuryfiraWrWahttuskuld \4 bindingumYeirrartegundarsemeiginfjraukanumertlaWaWntil.XessaheimilderkveWiW ' um8.og18.mgr.133.gr.tilskipunar2013/36/ESB.    04.mgr.greinarinnarerkveWiWumtakmarkanirsemkomatilstarfsemifjrmlafyrir  tkisYegarYaWuppfyllirekkiskyldutilYessaWviWhaldangjanlegueiginfvegnaeigin `  fjraukansensamkvmtkvWinukomatiltakmarkanirgreiWslumbreytilegrastarfskjara, S+! arWsogWrumgreiWslumgrundvelli6.mgr.84.gr.a.Eftakmarkanirgrundvelli6.mgr. " 84.gr.aeruekkitaldardugatilYessaWstyrkjaeiginfjrgrunnfjrmlafyrirtkisinsgetur # FjrmlaeftirlitiWgripiWtilfrekarirrWagagnvartfjrmlafyrirtkinu.Skv.1.tlul.4.mgr.  $ hefurFjrmlaeftirlitiWheimildtilYessaWafturkallastarfsleyfifjrmlafyrirtkisinsheild !W% eWaaWhluta.0WrulagigeturFjrmlaeftirlitiWbeittheimildumgrundvellia!eliWar1.mgr. J""& 84.gr.lagannaogt.d.kveWiWumhrrieiginfjrgrunnensemnemur8%afhttugrunni, #' endurbturinnriferlumfjrmlafyrirtkisins,niWurfrslueignumviWtreikning #( eiginfjrgrunni,hmlureWatakmrkunstarfsemifyrirtkisinseWamltfyrirumaWdregiW $ ) srhttumsemstarfsemifjrmlafyrirtkisinsfelursr.03.tlul.kemurframaW v%N!* FjrmlaeftirlitiWhafiheimildtilYessaWaukakrfurtilfjrmlafyrirtkis,annarraenYeirra A&"+ semhafastarfsleyfiskv.1.!3.tlul.1.mgr.4.gr.,sbr.6.gr.laganna,tilYessaWviWhalda  '", lausufog/eWaauknuhlutfalliYess.Skv.4.tlul.geturFjrmlaeftirlitiW;skaWeftirYv_viW '#- SeWlabanka0slandsaWhannaukikrfurtil_fjrmlafyrirtkis_ԀumaWviWhaldalausufog/eWa ( hlutfalliYessYegarumeraWrWa_fjrmlafyrirtki_Ԁsemhefurstarfsleyfiskv.1.!3._tlul_.1.  mgr.4.gr.,sbr.6.gr.UmeraWrWaheimildirsemeraWfinna105.gr._tilskipunar_  2013/36/ESBenmismunanditfrslameWtillititilmismunandi_starfsleyfa_ԀskUrist& , afYv a hvernig_lausafjreftirliti_ԀerhttaWhrlandi,enSeWlabanki0slandsfermeW_lausafjreftirlit_ T, meWlnastofnunum,sbr.12.gr.laganr.36/2001,umSeWlabanka0slands.kvWi4.mgr.  greinarinnarbyggist17.mgr.133.gr._tilskipunar_Ԁ2013/36/ESB.',  & a   Samkvmt5.mgr.greinarinnarskalrWherrasetjareglugerW,eftirumsgn_fjrmla   stWugleikarWs_,umnnariframkvmdkvWisins.XerkveWiWnnaruminnihaldreglu  X 'a gerWarinnarenmiWaWerviWaWhenniverWiaWfinnaefni133.og134.gr._tilskipunarinnar_ K #  2013/36/ESBsemekkikomaframgreininnisamttarlegrireglumummlsmeWferWviW    setningu_eiginfjraukans_.      Umc-liW(84.gr.c).     0greininnierkveWiWumheimild_Fjrmlaeftirlitsins_,aWundangengnumtilmlum_fjr wO  mlastWugleikarWs_,grundvellilaganr.66/2014,um_fjrmlastWugleikarW_,tilYessaW B  kveWaumaW_fjrmlafyrirtki_ԀsemtalinerukerfislegamikilvgviWhaldi_eiginfjrauka_    fyrirkerfislegamikilvg_fjrmlafyrirtki_.ViWmatYvhvaWa_fjrmlafyrirtki_Ԁskuli   viWhalda_eiginfjrauka_ԀsamkvmtkvWinuskalbyggtskilgreiningu_fjrmlastWugleika {  rWs_ԀkerfislegamikilvgumaWilumskv.d-liW2.mgr.4.gr.laganr.66/2014,um_fjrmla nF stWugleikarW_,semstarfasamkvmtleyfigrundvelliYessaralaga.Gildi_eiginfjraukans_ 9 geturnumiWalltaW2%af_httugrunni_Ԁ_fjrmlafyrirtkis_.Einsoggildirum_eiginfjrauka_  vegna_kerfishttu_Ԁgetur_eiginfjraukinn_ԀtekiWtilsamstWukerfislegamikilvgs_fjrmla  fyrirtkis_ԀeWatiltekinnaflagainnan_samstWunnar_.Ef_eiginfjraukinn_Ԁersetturskalrlega r endurskoWahvortfellaeigihannniWur,hkkahanneWalkka.Tilmli_fjrmlastWug e= leikarWs_ԀogkvrWun_Fjrmlaeftirlitsins_Ԁum_eiginfjrauka_Ԁfyrirkerfislegamikilvg_fjr 0 mlafyrirtki_Ԁskalrkstuddogbirtopinberlegasamahttoggildirum_eiginfjrauka_Ԁvegna  _kerfishttu_.XskalrWherrasetjareglugerW,eftirumsgn_fjrmlastWugleikarWs_,grund  velligreinarinnarumnnariframkvmdkvWisins.SkalreglugerWinm.a.innihaldannari i reglurummlsmeWferWogsamskiptiviWerlendar_eftirlitsstofnanir_Ԁogregluruminnihald, \4 rkstuWningogbirtingukvrWunarumaWsetja_eiginfjrauka_Ԁfyrirkerfislegamikilvg ' _fjrmlafyrirtki_.Einsoggildirum_eiginfjrauka_Ԁvegna_kerfishttu_ԀerYaWbyrgW_Fjr  mlaeftirlitsins_ԀaWkveWaum_eiginfjraukann_Ԁogber_FjrmlaeftirlitiW_Ԁ_stj;rnskipulega_  byrgWbeitinguheimildarinnar. `    Umd-liW(84.gr.d). S+!   0greininnierkveWiWum_sveiflujfnunarauka_ԀenkvWiWbyggist130.og134.!140. " gr._tilskipunar_Ԁ2013/36/ESB._Sveiflujfnunaraukanum_ԀertlaWaWstyrkjaogmeWYvvernda # _fjrmlakerfiW_Ԁtmummikils_tlnavaxtar_Ԁsemeroftntengduruppbyggingu_kerfishttu_.  $ samatmagetur_eiginfjraukinn_ԀunniWgegn_;h;flegum_Ԁ_tlnavexti_ԀYarsemhkkandi !W% _eiginfjrkrfur_ԀgetahkkaW_fjrmagnskostnaW_ԀogYarmeWdregiWreftirspurn.AWsama J""& skapigeturvelfjrmagnaW_fjrmlakerfi_ԀunniWgegn_efnahagssamdrtti_ԀYegarkrfurum #' bindingueiginfjreru_lkkaWar_ԀnUjanleik. #(   Samkvmt1.mgr.greinarinnarer_Fjrmlaeftirlitinu_ԀheimiltaWkveWaum_sveiflujfn $ ) unarauka_ԀoggildihansaWundangengnumtilmlumfr_fjrmlastWugleikarWi_._Fjrmla v%N!* stWugleikarW_Ԁskalrsfj;rWungslegaleggjaframtilmliumYaWhvorttilefnistilYessaW A&"+ _fjrmlafyrirtki_ԀviWhaldi_sveiflujfnunarauka_ԀoghvertgildihanseigiaWverafyrirhvern  '", rsfj;rWungnstat;lfmnaWatmabilien5.mgr.136.gr._tilskipunar_Ԁ2013/36/ESBergert '#- rWfyrirYvaWgildi_eiginfjraukans_ԀskveWiWmeW_ngjanlegum_ԀfyrirvaraeWa12mnuWi ( framtmannshannsettureWakveWiWaWhkkagildihans.Undantekningumfinnafr  Yessum_tmafresti_Ԁ_lokamlsliW_Ԁ5.mgr.136.gr._tilskipunarinnar_Ԁsembeitasrstkum  tilvikumogskalYaWYsrstaklegarkstutthverYessisrstkutilvikeru.Tilmli_fjrmla a stWugleikarWs_ԀogkvrWun_Fjrmlaeftirlitsins_ԀumaWsetja_sveiflujfnunarauka_Ԁoggildi T, hansskalrkstuttog_rkstuWningurinn_Ԁbirturopinberlegaeinsoggengurum_eiginfjrauka_  vegna_kerfishttu_Ԁog_eiginfjrauka_Ԁfyrirkerfislegamikilvg_fjrmlafyrirtki_.Skv.5.mgr.  greinarinnarskalrWherrareglugerWkveWannarumrkstuWningogbirtingutillgunnar   og_kvrWunarinnar_.Einsoggildirum_eiginfjrauka_Ԁvegna_kerfishttu_Ԁog_eiginfjrauka_Ԁfyrir  X mikilvg_fjrmlafyrirtki_ԀerYaWbyrgW_Fjrmlaeftirlitsins_ԀaWkveWaum_eiginfjr K #  aukann_Ԁogber_FjrmlaeftirlitiW_Ԁ_stj;rnskipulega_ԀbyrgWnotkunheimildarinnarsemlaga    greininkveWurum.      02.mgr.greinarinnarkemurframaWgildi_sveiflujfnunarauka_ԀerhgtaWkveWasem   hlutfallbilinu0!2,5%af_httugrunni_Ԁ_fjrmlafyrirtkis_.Gildi_sveiflujfnunarauka_Ԁm wO  verahrraen2,5%ef_httuvsir_Ԁsemliggurtilgrundvallarmatihansgefurtilefnitil, B  evr;pska_kerfishtturWiW_Ԁ(_ESRB_)hefurgefiWttilmliYessefniseWaefaWrir_httuYttir_    semhafaYUWingufyrir_hagsveiflubundna_Ԁhttukalla_sveiflujfnunarauka_.Ekkierhgt   aWkveWaumgildisemerhrraen2,5%af_httugrunni_Ԁnema_fjrmlastWugleikarW_Ԁhafi {  WurgefiWttilmliumslkt.kvWiWbyggist4.mgr.136.gr._tilskipunar_Ԁ2013/36/ESB. nF Um_httuvsa_ԀerfjallaW2.mgr.136.gr._tilskipunarinnar_,enYarsegiraWYeirskuluendur 9 spegla_lnsfjrsveifluna_ԀogYhttusem_tlnavxtur_Ԁskapar_hagkerfinu_.Hafaskalhuga  frvikhlutfalls_tlna_ԀafvergrilandsframleiWslufr_langtmameWaltali_ԀsnuviWtreikning  _httuvsanna_.ViWYanntreikningskulihorfatil_tlnavaxtar_ԀogannarraatriWasemkunna r aWkomaframleiWbeiningumevr;pska_kerfishtturWsins_Ԁ(_ESRB_).GerterrWfyriraW e= nnarverWigetiWum_httuvsana_,samtWruefni2.!4.mgr._tilskipunar_Ԁ2013/36/ESBsem 0 ekkieraWfinnakvWinu,reglugerWsemrWherraseturgrundvelli5.mgr.greinarinnar.    Samkvmt3.mgr.greinarinnarskalviWtreikningeiginfjrsem_fjrmlafyrirtki_Ԁber  aWviWhaldasamkvmtkvWinutakamiWaf_vegnu_ԀmeWaltaliYeirra_sveiflujfnunarauka_Ԁsem i _fjrmlafyrirtki_ԀerskyltaWviWhaldavegnastarfsemisinnarerlendisogreglnasem_Fjr \4 mlaeftirlitiW_Ԁseturumtreikninghlutfalls_sveiflujfnunarauka_.MeWkvWinuergertrW ' fyriraWnnur_EES_-rkigetigrundvellisamskonarkvWa_landsrtti_ԀsnumkveWiW  _sveiflujfnunarauka_Ԁfyrirstarfsemi_fjrmlafyrirtkja_ԀYarlandi.Xvbrislensku_fjr  mlafyrirtki_ԀsemhefWistarfsemiviWkomandirkiaWreiknat_eiginfjrbindingu_Ԁsnavegna `  starfsemisinnarYarlandi.GerterrWfyriraW_FjrmlaeftirlitiW_ԀsetjinnarireglurumYetta S+! oghvernighlutfalliWerreiknaW_o.fl_.Reglur_Fjrmlaeftirlitsins_Ԁmunubyggjast140.gr. " _tilskipunar_Ԁ2013/36/ESBsemkveWurnnarumYessiatriWi.SamkvmtkvWinuergert # rWfyrirYvaW_fjrmlafyrirtki_ԀviWhaldi_eiginfjraukanum_Ԁeinnig_samstWugrunni_ԀenYaW  $ ersamrmiviW1.mgr.130.gr._tilskipunarinnar_.X;erkvWinuaWfinnaheimildfyrir !W% _FjrmlaeftirlitiW_ԀtilYessaWkvarWagildi_sveiflujfnunarauka_Ԁfyrir_fjrmlafyrirtki_Ԁvegna J""& _httuskuldbindinga_ԀYessrkiutan_EES_-svWisins._Fjrmlaeftirlitinu_ԀereinnigheimiltaW #' kvarWa_sveiflujfnunarauka_Ԁfyrir_fjrmlafyrirtki_Ԁsemkomafrrkjumutan_EES_ԄsvWisins #( efYauhafastarfsemihrlandi.XettaersamrmiviW137.,138.og139.gr._tilskipunar_ $ ) 2013/36/ESB._FjrmlaeftirlitiW_Ԁskalbirta_heimasWu_Ԁsinnihlutfall_sveiflujfnunarauka_Ԁ v%N!* Wrumrkjum.Samkvmt_lokamlsliW_ԀkvWisinsskal_FjrmlaeftirlitiW_Ԁsetjannarireglur A&"+ umm.a.treikning_sveiflujfnunarauka_Ԁfyrir_fjrmlafyrirtki_ԀogviWurkenninguhlutfalls  '", _sveiflujfnunarauka_Ԁfyrirnnurrki_o.fl_.GerterrWfyrirYvaWefnisemfinnam '#- 137.!140.gr._tilskipunar_Ԁ2013/36/ESBsemekkieraWfinnafrumvarpinuverWiinnleitt ( slenskanrttmeWYessumreglum.    04.mgr.greinarinnareraWfinnaundanYgufyrirverWbrfafyrirtki,verWbrfamiWluneWa  _rekstrarflg_Ԁ_verWbrfasj;Wa_ԀfrskyldutilYessaWviWhalda_sveiflujfnunarauka_ԀefYauupp a fyllallskilyrWikvWisins._UndanYgan_ԀersamrmiviW2.og4.mgr.130.gr._tilskipunar_ T, 2013/36/ESB.  & a   Samkvmt5.mgr.greinarinnarskalrWherrasetjareglugerW,eftirumsgn_fjrmla  stWugleikarWs_,umnnariframkvmdgreinarinnar.0reglugerWinniskalsrstaklegakveWiW   'a umaWkomuSeWlabanka0slands,_kerfishttunefndar_Ԁog_fjrmlastWugleikarWs_ԀaWkvrW  X unum_sveiflujfnunarauka_,gildi_sveiflujfnunarauka_,opinberabirtinguogrkstuWningfyrir K #  tilmlumogkvrWunsamkvmtgreininnioghvaWaviWmiWog_httuvsar_Ԁliggjatilgrund    vallarkvrWunumhlutfall_sveiflujfnunarauka_.& a ԀMeWalannarsergertrWfyriraW136.gr.    _tilskipunar_Ԁ2013/36/ESBverWi_innleidd_ԀmeWreglugerWinni.   'a I  Ume-liW(84.gr.e). wO    0greininnierkveWiWumskyldu_fjrmlafyrirtkja_ԀtilYessaWviWhaldaeiginfvegna B  _verndunarauka_._Verndunaraukinn_Ԁer_tfrWur_Ԁ129.gr._tilskipunar_Ԁ2013/36/ESB._Vernd    unarauki_ԀfelursraW_fjrmlafyrirtki_ԀYurfaaWhaldaeftirmeiraeiginfenWurtilaWauka   _viWnmsYr;tt_ԀYeirra._Verndunaraukinn_Ԁereini_eiginfjraukinn_Ԁsemerfastur,_Y.e._ԀgerterrW {  fyriraW_fjrmlafyrirtki_ԀYurfihverjumtmaaWuppfyllaskylduumaWviWhaldahonum, nF einnig_samstWugrunni_._Verndunaraukinn_Ԁnemur2,5%af_httugrunni_Ԁ_fjrmlafyrirtkis_. 9 UndanYgueraWfinna2.mgr.greinarinnarfrskyldutilYessaWviWhalda_verndunar  aukanum_Ԁen_undanYguheimildin_Ԁbyggist2.mgr.129.gr._tilskipunar_Ԁ2013/36/ESBenskv.  4.mgr.129.gr._tilskipunarinnar_Ԁskulu_aWildarrkin_Ԁbyggja_undanYguheimildina_,efhner r nUtt,tilmlumframkvmdastj;rnarinnar2003/361/EBumskilgreiningu_rfyrirtkjum_ e= oglitlumog_meWalst;rum_Ԁfyrirtkjum._Fjrmlafyrirtki_ԀmeWstarfsleyfisemverWbrfa 0 fyrirtki,verWbrfamiWluneWa_rekstrarflag_Ԁ_verWbrfasj;Wa_Ԁskv.5.,6.eWa7._tlul_.1.mgr.  4.gr.,sbr.6.gr.laganna,getinUtt_undanYguheimildina_ԀefYauuppfyllallskilyrWikvW  isins.Ef_fjrmlafyrirtki_ԀviWheldurekki_ngjanlegu_Ԁeiginfgrundvelligreinarinnarmun i YaWhafafrmeWsrtakmarkanir_tgreiWslu_Ԁ_arWs_,greiWslu_kaupauka_Ԁtilstarfsmannaog \4 aWrarYrgreiWslursemhafahriftillkkunar_eiginfjrgrunni_Ԁgrundvelli6.mgr.84. ' gr.a.    Umf-liW(84.gr.f).    0d-liWgreinarinnarerlagttilaWkveWiWverWiumskyldu_fjrmlafyrirtkis_ԀtilYessaW `  tbasrstakatlunumvernduneiginfjr(e._Capital_ԀConservationPlan)effyrirtkiW S+! uppfyllirekkiskilyrWilagannaumaWviWhalda_eiginfjraukum_Ԁgrundvelli84.gr.a!84.gr. " e.Ef_fjrmlafyrirtki_ԀuppfyllirekkikrfurumaWviWhalda_eiginfjraukum_ԀskalYaWtba # tlunumvernduneiginfjrsamrmiviWfyrirmligreinarinnar.Tilgangurtakmrkunar  $ _tgreiWslum_ԀrflaginueraWflagiWgetiekkigreitttrsj;WumsnumtilhluthafaeWa !W% starfsmannasamatmaogYaWuppfyllirekkifyrirmlilagannaum_eiginfjrauka_Ԁenda J""& flagiWYessu_tmamarki_ԀaWvinnakerfisbundiWaWYvaWauka_eiginfjrgrunn_Ԁsinn.tlun #' umvernduneiginfjrerYv_viWbragWstlun_Ԁ_fjrmlafyrirtkis_ԀumaWtakaYvaW_eigin #( fjrgrunnur_ԀfyrirtkisinshafilkkaWundirYaW_viWb;tarmark_ԀsemkveWiWerum84.gr. $ ) a!84.gr.elagannaverWifrumvarpYettaaWlgum.0tlunumvernduneiginfjrskal v%N!* kveWaumYaWhvernigfyrirtkiWtlaraWviWhalda_eiginfjrgrunni_Ԁogaukahannsamrmi A&"+  viWfyrirmlilagannaoghvernigfyrirtkiWtlaraWtakmarka_tgreiWslur_Ԁrsj;Wumf  '", lagsins&   meWanflagiWuppfyllirekkifyrirmli84.gr.a!84.gr.e.kvWiWbyggist142. ( gr._tilskipunar_Ԁ2013/36/ESB.'(N'    Um31.gr. a F(  LagtertilaWYremurnUjum_stafliWum_,d!f-liW,verWibttviW3.mgr.87.gr.laganna. T,   0fyrstalagiernUjumd-liWlgWsskylda_fjrmlafyrirtki_ԀaWbirta_rsreikningi_  snumtilteknarupplUsingarumstarfsemi_d;tturflaga_Ԁsinna,_Y.e._ԀheitiYeirraogstaWsetningu  starfseminnar.&  SamagildiraWbreyttu_breytanda_ԀumtibflagsinsogYj;nustustarfsemin   stofnunar_tibs_.' *Ԁ  X & a   0WrulagiernUjume-liWlgWsskylda_fjrmlafyrirtki_ԀaWbirtaupplUsingarum K #  hverskonarstyrkieWa_niWurgreiWslur_ԀsemflagiWhefurfengiWfrhinuopinbera,_Y.e._ԀbWi    'aK +frslenskarkinu,& a eWaWrumrkjumefviW,ogsveitarflgum.SambrilegtkvWieraW    finna89.gr._tilskipunar_Ԁ2013/36/ESB.   'a `-  AWlokumermeWnUjumf-liWlagttilaW_fjrmlafyrirtki_ԀtilgreiniarWsemieignasinna wO  _lykiltlum_Ԁ_rsreikningi_Ԁsnum.MeWarWsemieignaerttviWhagnaWflagsinseftirskatta B  semhlutfallaf_meWalstWu_ԀeignaflagsinsYvtmabilisem_rsreikningurinn_Ԁnryfir.    SambrilegtkvWier90.gr._tilskipunar_Ԁ2013/36/ESB.     Um32.og33.gr. nF 0  VsaWerskUringar1.gr.frumvarpsinsumnUjar_orWskUringar_ԀsemlagtertilaWbtist 9 viW1.gr.alaganna.    Um34.gr. r 1  0greininnierlagttilaW1.!8.mgr.97.gr.lagannafallibrottYarsemskilgreiningarsem e= YareraWfinnaverWaaW15.!20._tlul_.1.gr.alagannaeffrumvarpYettaverWursamYykkt. 0 VsaWerathugasemdirviW1.gr.frumvarpsinsaWWruleyti.    Um35.gr. i 3  LagtertilaWtilvsunverWibreyttsamrmiviWbreytingarsemlagWarerutil19.og20. \4 gr.frumvarpsins.samtbreyttritilvsunerlagttilaWnUkvWi52.gr.alagannaverWi ' frumvarpiWsamYykktgildieinnigum_slitastj;rn_Ԁog_brWabirgWastj;rn_.    Um36.gr. `  5  VsaWertil_athugasemdar_ԀviW1.gr.frumvarpsins. S+!   Um37.gr. # d6  Breytingarc-ogd-liWkvWisinserum.a.tilkomnarvegnabendingafr_Eftirlitsstofnun_  $ _EFTA_Ԁvegna_innleiWingar_Ԁtilskipun2002/87/EBum_viWb;tareftirlit_ԀmeW_fjrmlasam !W% steypum_Ԁog_endurskoWaWra_Ԁreglna_Fjrmlaeftirlitsins_Ԁumst;rar_httuskuldbindingar_Ԁhj J""& _fjrmlafyrirtkjum_.kvWi109.gr.lagannavarWahvernigskuliviWhafaeftirlitmeW_fjr #' mlafyrirtkjum_Ԁ_samstWugrundvelli_.ViWslkteftirlitereWlilegtaW_FjrmlaeftirlitiW_Ԁhafi #( heimildirtilaWkveWaumaWeinstkflgskuliteljasthlutiafsamstWum_fjrmlafyrir $ ) tkja_,endahefurstofnuninnYegarsambrilegarheimildirvegna_samstWna_Ԁ_vtrygginga v%N!* flaga_Ԁog_fjrmlasamsteypa_.MeWbreytingunnierYvstuWlaWaWsamrmingumillilg A&"+ gjafarsemgildirum_fjrmlafyrirtki_Ԁog_vtryggingaflg_,endaliggjasmumeginreglur  '", tilgrundvallarYvhvernigeftirlitskalviWhaftmeWsamstWumYessarafyrirtkja.S_orWa '#- lagsbreyting_ԀsemtiltekinerkvWinufelurennfremursr_innleiWingu_Ԁ_orWskUringu_Ԁ12. ( _tlul_.4.gr._tilskipunar_Ԁ2006/48/EB.    0c-liWkvWisinserumYaWfjallaWaW_FjrmlaeftirlitiW_ԀgetikveWiWaWflagskuliteljast  hlutiafsamstWusem_fjrmlafyrirtkiW_ԀerhlutiafYegar_fjrmlafyrirtkiW_Ԁhefurveruleg a hrifflagiW.ErmeWbreytingunnilagttilaW_FjrmlaeftirlitiW_Ԁhafisambrilegar_vald T, heimildir_Ԁvegna_fjrmlafyrirtkja_Ԁog_vtryggingaflaga_,_Y.e._ԀaWstofnuningetikvarWaWaW  flagshlutiafsamstWu_fjrmlafyrirtkis_ԀogviWkomandi_fjrmlafyrirtki_Ԁhefurveruleg  hrifstarfsemiflagsins.ByggisthugtakiW?rWandihrif orWalagi_tilskipunar_Ԁ2006/48/   EB,_Y.e._ԀorWunum?dominantinfluence ,sbr._orWskUringu_Ԁ12._tlul_.4.gr.smu_tilskipunar_.  X ViWmatYvhvortveruleghrifsutilstaWarmun_FjrmlaeftirlitiW_ԀtilaWmyndagetastuWst K #  viWYaWhvernighugtakiW?yfirrW erafmarkaWalYj;Wlegum_reikningsskilastWlum_Ԁauk    leiWbeinanditilmlastofnunarinnarumtengslaWilavegnast;rra_httuskuldbindinga_.Efni    kvWisinserskyltYvhvernig_fjrmlafyrirtki_Ԁbersamkvmtgildandi5._tlul_.1.mgr.97.   gr.laganna(semverWure-liWur15._tlul_.1.gr.a),um_samstWureikningsskil_,aWgera wO  _samstWureikning_Ԁsemnrtilflagssem_fjrmlafyrirtkiW_Ԁ_eignarhluti_ԀoghefurrWandi B  stWuflaginu.MunurinnerhinsvegarsaWmeWbreytingumkvWinumeWfrumvarpi    YessuverWurYaWskUrtaW_FjrmlaeftirlitiW_ԀhefureinnigvaldtilaWkveWaaWtiltekinflg   skuliteljasthlutiafsamstWuhafi_fjrmlafyrirtki_ԀafeinhverjumstWumekkitekiWslk {  flgmeW_samstWuuppgjr_Ԁsittgrundvellifyrrnefnds5._tlul_.1.mgr.97.gr.laganna. nF   0frumvarpinuereinnigkveWiWumaW_FjrmlaeftirlitiW_Ԁsetjireglurumeftirlit_sam 9 stWugrundvelli_.0slkumreglumyrWiaWfinnatarlegrikvWienkomaframlgumum  _fjrmlafyrirtki_ԀumYaWhvernigskyldursamkvmt_srreglum_Ԁstofnunarinnarntil_sam  stWna_Ԁ_fjrmlafyrirtkja_.ReglurnarmunutakamiWafnorskumreglumumsamaefni,auk r kvWa108.!110.gr.og119.!127.gr._tilskipunar_Ԁ2013/36/ESB.ViWgerWreglnannaverWur e= einnighfWhliWsj;nafYvhvernighttaWvar_innleiWingu_ԀkvWasemvarWagildissviWtil 0 skipana2006/48/EBog2006/49/EBmeWtillititil_samstWna_ԀogeftirlitsmeW_fjrmlafyrir  tkjum_Ԁ_samstWugrunni_.EnnfremurerfyrirsjanlegtaWreglurnarverWisniWnaraWYv  hvernig_innleiWingu_ԀreglugerWar(_ESB_)nr.575/2013verWurhttaW,endanr_gildissviWskafli_ i reglugerWarinnartil_samstWna_ԀogeftirlitsmeWsamstWumogtengistYannigYvefnisem \4 tekiWyrWireglunum.ViW_innleiWingu_ԀreglugerWar(_ESB_)nr.575/2013mvntaYessaW ' frekaribreytingarYurfiaWgerakvWum109.gr.laganna.    BreytingsemlgWertilb-liWtengistbreytingumsemlagWarerutil19.og20.gr.frum  varpsinsognUjumkvWumum_starfskjarastefnu_Ԁogbreytilegumstarfskjrum25.og26. `  gr.,envsaWertil_athugasemdar_ԀviW1.gr.frumvarpsinsumbreytingusemlgWertila-liW. S+!   Um38.gr. # T  BreytingarsemlagWarerutila,c!g-,i-ogj-liW110.gr.lagannaerugerWartilsamrmis  $ viWbreytingarsemlagWarerutillgunummeWfrumvarpinu. !W%   0b-liWerlagttilaW19._tlul_.fallibrott.UmrttkvWier_viWurlagakvWi_Ԁsemheimilar J""& _stj;rnvaldssekt_ԀvegnabrotsaWila46.gr.a.laganna.MeWvsantilYessaWlagtertilaW46. #' gr.alagannafallibrottmeW16.gr.frumvarpsinserjafnframtlagttilaWumrtt_viWurlaga #( kvWi_Ԁfallibrott. $ )   MeWbreytinguh-liWerlagttilaWheimildir_Fjrmlaeftirlitsins_ԀtilaWleggja_stj;rn v%N!* valdssektir_ԀviWbrotreglumumsrstakthfistj;rnarmannaverWi_rUmkaWar_ԀYannigaW A&"+ heimildinnieinnigtiltilvikaYegarstj;rnarmenntakaYttkvrWunumumeinstkviW  '", skiptiognYessaWumfangYeirraviWskiptasuveruleg,sbr.1.mgr.55.gr.laganna.Breyt '#- inginbyggistYeimrkumaWmikilvgteraWtilstaWarsurrWiviWbrotkvWum,sem ( erumikilvgogekkihafafullngjandirrWifrmeWsrogYauvarWisektumsamkvmt  lgunum.    Um39.gr. T, [  Breytingara,dogeliWerugerWartilsamrmisviWbreytingarsemlagWarerutil  lgunumfrumvarpinu.0b-liWerlagttilaW14._tlul_.fallibrott.UmrttkvWier_viWur  lagakvWi_ԀsemheimilarsektireWafangelsivegnabrotsaWila46.gr.alaganna.MeWvsan   tilYess&  aWlagtertilaW46.gr.alagannafallibrottmeW16.gr.frumvarpsinserjafnframtlagt  X tilaWumrtt_viWurlagakvWi_Ԁfallibrott.' ] K #  & a   BreytinginsemlgWertilc-liWertilkominvegnabreytingarsemlgWertil18.gr.    frumvarpsins,enaWrarbreytingarYarfnastekkiskUringa.    'a ^  Um40.gr. wO  _  Samkvmt1.mgr.84.gr.lagannaskalstj;rnogframkvmdastj;ri_fjrmlafyrirtkis_ B  reglulegaleggjamat_eiginfjrYrf_ԀfyrirtkisinsmeWhliWsj;naf_httustigi_ԀYess(e.Internal    _Capital_ԀAdequacyAssessmentProcess(ICAAP)).0knnunar-og_matsferli_Ԁ_Fjrmlaeftir   litsins_ԀerlagtmatniWurstWufyrrnefnds_matsferlis_Ԁstj;rnarogframkvmdastj;ra_fjrmla {  fyrirtkisins_.NiWurstaWaknnunar-og_matsferlis_Ԁ_Fjrmlaeftirlitsins_ԀgeturfaliWsraukna nF _eiginfjrbindingu_,sbr.a-liW1.mgr.84.gr.laganna,efYaWerrkstuttmat_Fjrmlaeftirlitsins_ 9 aWniWurstWu_innramatsferlis_Ԁstj;rnarogframkvmdastj;ra_fjrmlafyrirtkisins_Ԁsb;ta  vant.MeWnUrrigrein,116.gr.a,erlagttilaWlgWverWisskylda_FjrmlaeftirlitiW_ԀaW  stofnuninbirtiopinberlegaYauviWmiWogaWferWafrWisemeftirlitiWstyWstviWogliggurtil r grundvallarknnunar-og_matsferli_.SambrilegtkvWierc-liW1.mgr.143.gr._tilskipunar_ e= 2013/36/ESB. 0   Um41.gr.  g  Tilskipun2002/87/EB,um_viWb;tareftirlit_ԀmeWlnastofnunum,_vtryggingaflgum_Ԁog i _verWbrfafyrirtkjum_Ԁsemeruhlutiaf_fjrmlasamsteypu_ԀogtilbreytingaWrum_til \4 skipunum_Ԁ_Evr;pusambandsins_ԀvartekinuppslenskanrttmeWlgumnr.130/2004,um ' breytingulgumnr.161/2002,um_fjrmlafyrirtki_,oglgumnr.60/1994,um_vtrygg  ingastarfsemi_.Tilskipuninvartekinupp_EES_-samninginnmeWkvrWunsameiginlegu  _EES_-nefndarinnarnr.104/20049.jl2004.XarsemnokkurkvWi_tilskipunarinnar_Ԁhafa `  veriW_innleidd_ԀmeWbreytingumlgumnr.161/2002,um_fjrmlafyrirtki_,YykirrttaW S+! tilvsuntil_umrddrar_Ԁ_tilskipunar_Ԁkomiframgreinlagannasemfjallarum_innleiWingu_ԀgerWa " _Evr;pusambandsins_. #   Um42.gr. !W%