Samkeppniseftirlitid

Samkeppniseftirlitid (the Icelandic Competition Authority) was founded in 2005 and is headquartered at Borgartun 26 in Reykjavik. The authority enforces the Samkeppnislög No. 44/2005 (Competition Act), reviews mergers and acquisitions, investigates cartels and abuse of market dominance, and monitors market conditions in Iceland's concentrated economy. Most employees hold degrees in law, economics, or business administration. The authority's legal professionals handle dawn raids, enforcement proceedings before Icelandic courts, and coordination with the EFTA Surveillance Authority on EEA competition matters. Samkeppniseftirlitid plays a critical role in regulating Iceland's key industries including banking, fisheries, and retail.