Iceland’s Ministry of Finance and Economic Affairs has published draft legislation in the government consultation portal proposing amendments to the legal provisions that set quantitative limits on pension funds’ investments. The draft is intended to widen pension funds’ investment permissions, with the stated aim of improving the application of existing rules and strengthening the overall investment framework. The proposals follow the ministry’s published plans from 9 February 2026, except that the draft drops the previously signalled changes to provisions relating to actuaries.