Banking and finance

LOGOS regularly provide their clients, both domestic and international, with advice in connection with compliance, operation licenses, correspondence with the financial supervisory authority of Central Bank of Iceland, employee competence qualifications, acquisition of qualifying holdings, cross-border marketing, preparation of internal rules and more.

Precision and knowledge is essential when it comes to compliance with rules for financial services, which generally include the implementation of EU regulations, such as CRD IV, CRR, MiFID II, MAR, EMIR, PSD2, IDD, UCITS, AIFMD and AMLD.

LOGOS has expertise and experience in consulting in the field of financial services. Among their projects are:

• Legal advice to financial undertakings, market operators, undertakings for the collective investment in transferable securities, alternative investment funds, professional clients and eligible counterparty
• Applications for operation licenses
• Investment authorization for pension funds and other mutual investment funds, such as UCITS and AIF’s
• Notification of qualifying holdings
• Prepare employees for the competent authority’s suitability assessment of key function holders
• Assistance in enforcing new rules on money laundering and registration of beneficial owners
• Advice and opinions regarding incentive remunerations
• Structuring internal rules for financial undertakings, including credit rules
• Consulting on marketing of financial services and funds
• Assistance with the implementation of new rules on payment services (PSD2)
• Training
• Communication with competent authorities

LOGOS monitors closely their clients needs and are well alerted to the innovation and development of financial markets and services. The firm is also leading in other areas, such as data protection (GDPR), tax law and company law. LOGOS is a full service law firm for the financial services industry.

The international rating agencies Chambers and Partners and The Legal 500 agree that LOGOS is one of the leading law firms in Iceland in financial services.