The amendments mainly simplify the content and presentation of information required under the EU Taxonomy, as well as certain technical screening criteria. The regulation entered into force on 18 September 2026.

See the notice in the Icelandic Official Gazette: Regulation amending the regulation on the classification system for sustainable investments.

The amendments mainly simplify:

• Reporting of key performance indicators (KPIs) for turnover, CapEx and OpEx, including simpler reporting templates.

• Technical screening criteria relating to the

  Do No Significant Harm (DNSH)

  requirements for pollution and the use of hazardous substances.

Companies subject to Article 66(d) of Act No. 3/2006 on Annual Accounts, concerning non-financial reporting, are advised to familiarise themselves with the changes introduced by the regulation.