WPC-< W Mtz=?ZWx2Z}_<@J#xtwt-<B+Lۋٲ {Ҭ1M픓 ˉj\ yʫXdgaD)740Ɲ(*wU0l8Y"wQ¡4%3 dDvT'i'G5jHɅ,@n5p wT' si2V@ ã1x (a1kOˮhrY\Qf+W/f^aj3_usC_sZ \役NSo!/MR Jh7aphIUN %h 0Yn# ^ ^ D! mF!w]!4a!^ u!!! D-V" 72" 0U" # 0"+,,-W. 09/ AV/ 00 00 01 02 0o3 0C4 05 0C5 0%6 06 07 08 0W9 0: 0: 0; 0@W< 0< 0e= 00> 0> 0? 0@ 0>A 0A 0<B 1B 72tC<C 1D7iE 72F 1F 72YG 1G 72H 1DH 72HEH 0H 0<I 0,;J 0gJ 0&J 0L 0L 0:M 0M 0-N 00O 00P 03R 0GS 0V 0X 0x[ 0 7^ 0@_ 0a 0Ytb Bb AMb 0N7c 0c 0$dNd 0d 0de 0f 0f 1Ag 0g 0v}h 0l 0vm D5r 0v=r 0Kv 0v 00{ 0u| 0-%} 0wR~ A~ 0h 0* 0=/ 0' 1u 0$ 0! 0Յ 0 0 00& 0V 0* 0'9 0$` 0! 0 0Ò 0ޓ 03 00) 0-Y 0* 0' 72ך 0$ 0!- 0N 1l 0 00( 0-X 0* 0' 0$֤ 0! 0 09 0T 00l 0- 0*ɬ 0' 0$ 0!> 0_ 0} 0 03U: 00 0-M 0*zM 0' 0$Ϻ 0! B2- 0A 0_ 00z 0- 0* 0 0' 0D 0$< 0!` 0 0 0 03 00 0-5 0*b 0' 0$ 0! 0 0 01 0 0o 0 0 0L 0 0 0) 0 0A 0 0Y 0 0q 0 0 0 0 0- 0(E 0m 0 0 0 0 1U) 7 ~ 1e 7 1e 7b 1Up 7 U ,U > 7 ; 7G 7U 7 c 1o 72 1( 72 1 72h 1 72! 1S 72 1 72 1 72L 0~ 0j DCy 1 72C 1u 72 1. 72 1 72n 0 0& 17 1 1E 1 0S 0 0 0 0D 1 1O 1 1] 72 1 72 1 72V 0 0y 0j 0X 0F 01 0 0 0 0 0 0  0h  0D  0  0  0  0 0 0a 0? 0 0 0 0 0z 0&O 0u 0 0# 0 0 0< U.EE 1ss 1 1 1 1 1 1 1$ $ $ $  1   12!2! 1!! 1@"@" 1"" 1N#N# 1## 1\$\$ 1$$ 1j%j%j%j%j%j%j%j%j%j% 1%% 1x&x&x&x& 1&& 1'''' 1 ( ( 1(( 1)))))) 1)) 1)*)* 1** 17+7+ 1++ 1E,E, 1,, 1S-S- 1-- 1a.a. 1.. 1o/o/ 1// 1}0}0 111 111 122 122 1 3 3 133 1.4.4 144 1<5<5 155 1J6J6 166 1X7X7 177 1f8f8 188 1t9t9 1999f:a: 1: 1;; 1;&d9 Z6Times New Roman RegularX(1$ IS , .\R6&A4\X_XXXTRW<6&A4W<6&A4 6&A4 6&A4T ? 9XX_-?vbX-#ggdd  80dd8ISUS.,     \\loki.althingi.is\Austurstr 8-10 3h lp400\\Mimir\forrit\WP2000\template\SKJRIT~1.WPT\\Mimir\forrit\WP2000\template\SkjritunY2k.wptUΌ|)Ό|)rirs?gTU6s "|xLevel 1Level 2Level 3Level 4Level 5)!dxdx_*+ (_2623  .. "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?nnuWur*D+J (_25   ," <DL,23  ..  2( 4 <DL2  ӂLevel 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 HKKKK*A+J (_24   ) <DL)23  ..  2( 4 <DL2  *>+J (_23  ` &<<DL&23  ..  2( 4 <DL2  *;+J (_22   #DL#23  ..  2( 4 <DL2  *8+J (_21    DL 23  ..  2( 4 <DL2  *5+J (_20  h DDL23  ..  2( 4 <DL2  *2+J (_19   L23  ..  2( 4 <DL2  */+J (_18    L23  ..  2( 4 <DL2  * (_1723  Ԁ*DJ (_16   ," <DL,23  Ԁ  2( 4 <DL2  *AJ (_15   ) <DL)23  Ԁ  2( 4 <DL2  *>J (_14  ` &<<DL&23  Ԁ  2( 4 <DL2  *;J (_13   #DL#23  Ԁ  2( 4 <DL2  *8J (_12    DL 23  Ԁ  2( 4 <DL2  *5J (_11  h DDL23  Ԁ  2( 4 <DL2  *2J (_10   L23  Ԁ  2( 4 <DL2  (/J &_9    L23  Ԁ  2( 4 <DL2  ( &_823  (DJ &_7   ," <DL,23   2( 4 <DL2  (AJ &_6   ) <DL)23   2( 4 <DL2  (>J &_5  ` &<<DL&23   2( 4 <DL2  (;J &_4   #DL#23   2( 4 <DL2  (8J &_3    DL 23   2( 4 <DL2  (5J &_2  h DDL23   2( 4 <DL2  (2J &_1   L23   2( 4 <DL2  &/J $_    L23   2( 4 <DL2  <:Default Para(5hCEKQW]cioAutoList1a.a.a.a.a.a.a.a.3a. 2 aj'ISUS.,,,..XXXX? >XX-?vbX-#ggdd  ISIS,.   _(EhCEKQW]cioAutoList2a.a.a.a.a.a.a.a. - ej)ISUS.,,,..XXXX? >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.=1.2S+P 0_level1  , ;1PPP|, 4<D ";23  ..  8.$$|, 4<D "8  <: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:<<8Body Text 2  X  IS XXX US   X <`+f :Outline001_1   ," <DL,23  ..  2( 4 <DL2  <c+f :Outline002_1   /% <DL/23  ..  2( 4 <DL2  <c+f :Outline003_1   /%  <DL/23  ..  2( 4 <DL2  <f+f :Outline004_1   2( 4 <DL223  ..  2( 4 <DL2  < :Outline005_1   ," <DL,A(\ Y`SymbolA23  S\  `&Times New RomanSA(\ Y`SymbolA..S\  `&Times New RomanS  2( 4 <DL2  < :Outline006_1   /% <DL/A(\ Y`SymbolA23  S\  `&Times New RomanSA(\ Y`SymbolA..S\  `&Times New RomanS  2( 4 <DL2  < :Outline007_1   /%  <DL/A(\ Y`SymbolA23  S\  `&Times New RomanSA(\ Y`SymbolA..S\  `&Times New RomanS  2( 4 <DL2  < :Outline008_1   2( 4 <DL2A(\ Y`SymbolA23  S\  `&Times New RomanSA(\ Y`SymbolA..S\  `&Times New RomanS  2( 4 <DL2  <Q+Q :Outline009_15+ 4 <DL523  ..5+ 4 <DL5< :Outline010_15+ 4 <DL5A(\ Y`SymbolA23  S\  `&Times New RomanSA(\ Y`SymbolA..S\  `&Times New RomanS5+ 4 <DL5<+ :Outline011_123  ..64Hyperlink     d cfA<< c(O$<+ :Outline011_223  ..<+ :Outline011_323  ..<+ :Outline011_423  ..<+ :Outline011_523  ..<+ :Outline011_623  ..<+ :Outline011_723  ..ikmo0JTEu{}1. a. 1.StafliWir undir t?luliW1.a.1.<+ :Outline011_823  ..(N3j$ !ISUS.,,,..TRV<6&A4X3' Letter 6&A43'TX?XXXTRV<6&A4V<6&A4 6&A4 6&A4T ? )XX?-?vbX-#ggdd  8XUdd8ISIS,.      <+ :Outline011_923  ..(N3j$ !ISUS.,,,..TRV<6&A4X3' Letter 6&A43'TX?XXXTRV<6&A4V<6&A4 6&A4 6&A4T ? )XX?-?vbX-#ggdd  8XUdd8ISIS,.      UUUU)!dxdx(N3j$ !ISUS.,,,..TRV<6&A4X3' Letter 6&A43'TX?XXXTRV<6&A4V<6&A4 6&A4 6&A4T ? )XX?-?vbX-#ggdd  8XUdd8ISIS,.      ( $ Figure  1  (Z3,$ !ISUS.,,,..TRV<6&A4X3' Letter 6&A43'TX?XXXTRV<6&A4V<6&A4 6&A4 6&A4T ? )XX?-?vbX-#ggdd  8XUdd8ISIS,.       d <c+f :Outline012_1  { /%W W <DL/23  ..  2( 4 <DL2  (M(m$2JT  0  .3  0  <`+f :Outline012_2   ," <DL,23  ..  2( 4 <DL2  (O;$0  2#  a  .3  0` (#(# cf I&mage <=8C HKKKK(u$0  0` (#(#` `  2  a  .3  0` (#` (#<]+f :Outline012_3 j + ) <DL)23  ..  2( 4 <DL2 j (`$0  0` (#(#0 ` (#` (#0 (# (#"h2  0  .3  0(#(#<Z+f :Outline012_4   &__DL&23  ..  2( 4 <DL2  3#37=CIQYag1.a.i.(1)(a)(i)1)a)<W+f :Outline012_5   #DL#23  ..  2( 4 <DL2  <T+f :Outline012_6 j 3  DL 23  ..  2( 4 <DL2 j <Q+f :Outline012_7   ggL23  ..  2( 4 <DL2  <N+f :Outline012_8   L23  ..  2( 4 <DL2  <K+f :Outline012_9 j ;  L23  ..  2( 4 <DL2 j <c+f :Outline013_1  X /%4 4 <DL/23  ..  2( 4 <DL2  < :Outline013_2   ," <DL,A(\ Y`SymbolA23  S\  `&Times New RomanSA(\ Y`SymbolA..S\  `&Times New RomanS  2( 4 <DL2  <]+f :Outline013_3   ) <DL)23  ..  2( 4 <DL2  <Z+f :Outline013_4  ` &<<DL&23  ..  2( 4 <DL2  <W+f :Outline013_5   #DL#23  ..  2( 4 <DL2  <T+f :Outline013_6    DL 23  ..  2( 4 <DL2  <Q+f :Outline013_7  h DDL23  ..  2( 4 <DL2  <N+f :Outline013_8   L23  ..  2( 4 <DL2  <K+f :Outline013_9    L23  ..  2( 4 <DL2  <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   gEu{}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 <c+f :Outline016_1  h /%D D <DL/23  ..  2( 4 <DL2  <`+f :Outline016_2   ,"x x <DL,23  ..  2( 4 <DL2  <]+f :Outline016_3 j  ) <DL)23  ..  2( 4 <DL2 j <Z+f :Outline016_4  L &((DL&23  ..  2( 4 <DL2  <W+f :Outline016_5   #DL#23  ..  2( 4 <DL2  <T+f :Outline016_6 j   DL 23  ..  2( 4 <DL2 j <Q+f :Outline016_7  T 00L23  ..  2( 4 <DL2  <N+f :Outline016_8   L23  ..  2( 4 <DL2  <K+f :Outline016_9 j   L23  ..  2( 4 <DL2 j <f+f :Outline017_1   2( 4 <DL223  ..  2( 4 <DL2  4cp Z "Times Regular<c+f :Outline017_2  q /%M M <DL/23  ..  2( 4 <DL2  <`+f :Outline017_3 j  ," <DL,23  ..  2( 4 <DL2 j <]+f :Outline017_4  ! ) <DL)23  ..  2( 4 <DL2  <Z+f :Outline017_5  y &UUDL&23  ..  2( 4 <DL2  <W+f :Outline017_6 j  #DL#23  ..  2( 4 <DL2 j <T+f :Outline017_7  )  DL 23  ..  2( 4 <DL2  )Hairline  d<Q+f :Outline017_8   ]]L23  ..  2( 4 <DL2  <N+f :Outline017_9 j  L23  ..  2( 4 <DL2 j <c+f :Outline018_1  q /%M M <DL/23  ..  2( 4 <DL2  <`+f :Outline018_2   ," <DL,23  ..  2( 4 <DL2  <]+f :Outline018_3   ) <DL)23  ..  2( 4 <DL2  (`H2?t$ !ISUS.,,,..TRV<6&A4X3' Letter 6&A43'TX?XXXTRV<6&A4V<6&A4 6&A4 6&A4T ? )XX?-?vbX-#ggdd  8XUdd8ISIS,.          0  )Ԁ<Z+f :Outline018_4  ` &<<DL&23  ..  2( 4 <DL2  (#$  0  <W+f :Outline018_5   #DL#23  ..  2( 4 <DL2  <T+f :Outline018_6    DL 23  ..  2( 4 <DL2  <Q+f :Outline018_7  h DDL23  ..  2( 4 <DL2  <N+f :Outline018_8   L23  ..  2( 4 <DL2  <K+f :Outline018_9    L23  ..  2( 4 <DL2  <f+f :Outline019_1   2( 4 <DL223  ..  2( 4 <DL2  <c+f :Outline019_2  q /%M M <DL/23  ..  2( 4 <DL2  <`+f :Outline019_3 j  ," <DL,23  ..  2( 4 <DL2 j <]+f :Outline019_4  ! ) <DL)23  ..  2( 4 <DL2  <Z+f :Outline019_5  y &UUDL&23  ..  2( 4 <DL2  <W+f :Outline019_6 j  #DL#23  ..  2( 4 <DL2 j <T+f :Outline019_7  )  DL 23  ..  2( 4 <DL2  <Q+f :Outline019_8   ]]L23  ..  2( 4 <DL2  <N+f :Outline019_9 j  L23  ..  2( 4 <DL2 j <+ :Outline020_123  ..<+ :Outline020_223  ..<+ :Outline020_323  ..<+ :Outline020_423  ..<+ :Outline020_523  ..<+ :Outline020_623  ..<+ :Outline020_723  ..<+ :Outline020_823  ..< :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.........(\ Y`Symbol\  `&Times New Roman.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.<%%:Definition T US XXX UK <li:Definition L US XXX , ;1PPP|, 4<D ";  8.$$|, 4<D "8 UK (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.(xir$0  0` (#(#0 ` (#` (#2#(  0  )3  0 (# (#(F$0  0` (#(#0 ` (#` (#0 (# (#0h(#(#2#(   )3  0h(#h(#($0  0` (#(#0 ` (#` (#0 (# (#0h(#(#0h(#h(#2#  0  )3  0(#(#({$0  0` (#(#0 ` (#` (#0 (# (#0h(#(#0h(#h(#0(#(#2#  a  )3  0p(#(#(F$0  0` (#(#0 ` (#` (#0 (# (#0h(#(#0h(#h(#0(#(#0p(#(#2#     )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.2J+J 0_level2  X 2( & ~ .6> 223  ..  2(v v& ~ .6> 2  2J+J 0_level3   2( & ~ .6> 223  ..  2(v v& ~ .6> 2  2G+J 0_level4   /%& & & ~ .6> /23  ..  2(v v& ~ .6> 2  2G+J 0_level5   /%R R R ~ .6> /23  ..  2(v v& ~ .6> 2  2D+J 0_level6   ,"~ ~ ~ .6> ,23  ..  2(v v& ~ .6> 2  2D+J 0_level7  4 ," .6> ,23  ..  2(v v& ~ .6> 2  2A+J 0_level8  ` ) .6> )23  ..  2(v v& ~ .6> 2  2A+J 0_level9   ) .6> )23  ..  2(v v& ~ .6> 2  2MJ 0_levsl1  , 5+ & ~ .6> 523  Ԁ  2(v v& ~ .6> 2  2JJ 0_levsl2  X 2( & ~ .6> 223  Ԁ  2(v v& ~ .6> 2  2JJ 0_levsl3   2( & ~ .6> 223  Ԁ  2(v v& ~ .6> 2  2GJ 0_levsl4   /%& & & ~ .6> /23  Ԁ  2(v v& ~ .6> 2  2GJ 0_levsl5   /%R R R ~ .6> /23  Ԁ  2(v v& ~ .6> 2  2DJ 0_levsl6   ,"~ ~ ~ .6> ,23  Ԁ  2(v v& ~ .6> 2  2DJ 0_levsl7  4 ," .6> ,23  Ԁ  2(v v& ~ .6> 2  2AJ 0_levsl8  ` ) .6> )23  Ԁ  2(v v& ~ .6> 2  2AJ 0_levsl9   ) .6> )23  Ԁ  2(v v& ~ .6> 2  2MJ 0_levnl1  , 5+ & ~ .6> 523   2(v v& ~ .6> 2  2JJ 0_levnl2  X 2( & ~ .6> 223   2(v v& ~ .6> 2  2JJ 0_levnl3   2( & ~ .6> 223   2(v v& ~ .6> 2  2GJ 0_levnl4   /%& & & ~ .6> /23   2(v v& ~ .6> 2  2GJ 0_levnl5   /%R R R ~ .6> /23   2(v v& ~ .6> 2  2DJ 0_levnl6   ,"~ ~ ~ .6> ,23   2(v v& ~ .6> 2  2DJ 0_levnl7  4 ," .6> ,23   2(v v& ~ .6> 2  2AJ 0_levnl8  ` ) .6> )23   2(v v& ~ .6> 2  2AJ 0_levnl9   ) .6> )23   2(v v& ~ .6> 2  <zp :Body Text I2 d X  US XXX  /%v v ~ .6> /2(v v& ~ .6> 2 IS   X 622 4Body Text US XXX   IS   <>> :Body Text I1   US XXX   IS    <c :Body Text In   US XXX /%v vK7  > /PFvv& ~ .6> P IS   : 8Body Text 3 US XXXC4\  `Tms RmnC5+v vv& ~ .6> 5J@vv& ~ .6> J IS S\  `&Times New RomanS<%%:Comment Refe US  IS < :Comment Text\  `Tms Rmn(EGMSY_ekqAutoList281.1.1.1.1.1.1.1.0EGMSY_ekqAutoList291.a.a.i.i.1.1.1.0vdEGMSY_ekqAutoList321.a.1.1.1.1.1.1.(EGMSY_ekqAutoList361.1.1.1.1.1.1.1.(ŤEGMSY_ekqAutoList371.1.1.1.1.1.1.1.(դEGMSY_ekqAutoList38a.a.a.a.a.a.a.a.(EGMSY_ekqAutoList39a.a.a.a.a.a.a.a.(EGMSY_ekqAutoList401.1.1.1.1.1.1.1.(EGMSY_ekqAutoList42a.a.a.a.a.a.a.a.(ŤEGMSY_ekqAutoList431.1.1.1.1.1.1.1.(դEGMSY_ekqAutoList441.1.1.1.1.1.1.1.(EGMSY_ekqAutoList451.1.1.1.1.1.1.1.(EGMSY_ekqAutoList461.1.1.1.1.1.1.1.(EGMSY_ekqAutoList471.1.1.1.1.1.1.1.(EGMSY_ekqAutoList481.1.1.1.1.1.1.1.0&eEGMSY_ekqAutoList491.a.1.1.1.1.1.1.0դEGMSY_ekqAutoList50a.a.a.a.a.a.a.a.0fhEGMSY_ekqAutoList511.a.i.1.1.1.1.1.(5EGMSY_ekqAutoList56a.a.a.a.a.a.a.a.0pOEGMSY_ekqAutoList57i.i.a.i.i.i.i.i.(eEGMSY_ekqAutoList59a.a.a.a.a.a.a.a.(EGMSY_ekqAutoList601.1.1.1.1.1.1.1.(5EGMSY_ekqAutoList62a.a.a.a.a.a.a.a.0pOEGMSY_ekqAutoList63i.i.a.i.i.i.i.i.(PEGMSY_ekqAutoList64i.i.i.i.i.i.i.i.(EGMSY_ekqAutoList67a.a.a.a.a.a.a.a.(@PEGMSY_ekqAutoList68i.i.i.i.i.i.i.i.0EGMSY_ekqAutoList691.1.a.1.i.1.1.1.(UEGMSY_ekqAutoList701.1.1.1.1.1.1.1.(eEGMSY_ekqAutoList711.1.1.1.1.1.1.1.(uEGMSY_ekqAutoList721.1.1.1.1.1.1.1.(EGMSY_ekqAutoList731.1.1.1.1.1.1.1.(EGMSY_ekqAutoList741.1.1.1.1.1.1.1.(EGMSY_ekqAutoList751.1.1.1.1.1.1.1.(EGMSY_ekqAutoList761.1.1.1.1.1.1.1.(ťEGMSY_ekqAutoList771.1.1.1.1.1.1.1.(EGMSY_ekqAutoList791.1.1.1.1.1.1.1.(EGMSY_ekqAutoList801.1.1.1.1.1.1.1.(եEGMSY_ekqAutoList781.1.1.1.1.1.1.1.(EGMSY_ekqAutoList811.1.1.1.1.1.1.1.(EGMSY_ekqAutoList821.1.1.1.1.1.1.1.0ŨEGMSY_ekqAutoList831.1.a.1.1.1.1.1.(եEGMSY_ekqAutoList841.1.1.1.1.1.1.1.(EGMSY_ekqAutoList851.1.1.1.1.1.1.1.(EGMSY_ekqAutoList861.1.1.1.1.1.1.1.(EGMSY_ekqAutoList871.1.1.1.1.1.1.1.(EGMSY_ekqAutoList881.1.1.1.1.1.1.1.(%EGMSY_ekqAutoList891.1.1.1.1.1.1.1.(եEGMSY_ekqAutoList901.1.1.1.1.1.1.1.(EGMSY_ekqAutoList911.1.1.1.1.1.1.1.(EGMSY_ekqAutoList921.1.1.1.1.1.1.1.(EGMSY_ekqAutoList931.1.1.1.1.1.1.1.(EGMSY_ekqAutoList941.1.1.1.1.1.1.1.(%EGMSY_ekqAutoList951.1.1.1.1.1.1.1.(5EGMSY_ekqAutoList961.1.1.1.1.1.1.1.(EEGMSY_ekqAutoList971.1.1.1.1.1.1.1.(UEGMSY_ekqAutoList981.1.1.1.1.1.1.1.Table_A(eEGMSY_ekqAutoList991.1.1.1.1.1.1.1.(VGIOU[agmsAutoList100a.a.a.a.a.a.a.a.(fGIOU[agmsAutoList101a.a.a.a.a.a.a.a. !ISUS.,,,..TRV<6&A4X3' Letter 6&A43'TXXXXTRV<6&A4V<6&A4 6&A4 6&A4T ? >XX-?vbX-#ggdd  8S-dd8ISIS,.      _ _ikmo(JT03q57 Xskj.7"7.ml.      m>Frumvarptillaga/#>md#  >>XX>umverWbrfaviWskipti.#>XX#    ? e =(LagtfyrirAlYingi134.lggjafarYingi2007.) ?    w O   ?U?' b dE  ? w O      I.KAFLI    GildissviWogorWskUringar.  {  1.gr. nF  GildissviW. 9    LgYessigildaumverWbrfaviWskipti.MeWverWbrfaviWskiptumerttviW:   "i(m"  i(m2JT  1  .3  Ԉ0    M;ttkuogmiWlunfyrirmlafrviWskiptavinumumeinneWafleirifjrmlagerninga.i(m݌ Ќ  "i(m"  i(m 2JT  2  .3  Ԉ0    FramkvmdfyrirmlafyrirhndviWskiptavina.i(m 8 ݌r Ќ  "i(m"  i(m 2JT  3  .3  Ԉ0    ViWskiptimeWfjrmlagerningafyrireiginreikning.i(m D ݌e= Ќ  "i(m"  i(m- 2JT  4  .3  Ԉ0    EignastUringu.i(m- Z ݌0 Ќ  "i(m"  i(m 2JT  5  .3  Ԉ0    FjrfestingarrWgjf.i(m G ݌ Ќ  "i(m"  i(m2JT  6  .3  Ԉ0    SlutryggingutengslumviWtgfufjrmlagerningaog/eWatboWfjrmlagerninga.i(m;݌ Ќ  "i(m"  i(mF2JT  7  .3  Ԉ0    Umsj;nmeWtboWiverWbrfanslutryggingar.i(mFs݌i Ќ  "i(m"  i(m\2JT  8  .3  Ԉ0    ReksturmarkaWstorgsfjrmlagerninga(MTF).i(m\݌\4 Ќ    EinnigermeWverWbrfaviWskiptumttviWeftirfarandiviWskiptieWastarfsemiefhner ' nnumtengslumviWstarfsemieWaviWskiptiskv.1.mgr.:  ! ! 6(80_ikmo"i(m"  i(m2  1  .3  Ԉ0    VrsluogumsUslufjrmlagerningafyrirreikningviWskiptavina,Y.m.t.ryggisvrslu  fjrogtengdaYj;nustu,svosemreiWufjr-ogtryggingastj;rnun.i(m݌` Ќ  "i(m"  i(m2  2  .3  Ԉ0    Veitingulnsheimilda,byrgWaeWalnatilfjrfestisYannigaWhanngetittviWskipti S+ meWfjrmlagerningaeffjrmlafyrirtkisemveitirlnsheimildinaeWalniWkemuraW   viWskiptunum.i(m݌! Ќ  "i(m"  i(mh2  3  .3  Ԉ0    RWgjftilfyrirtkjaumuppbyggingueiginfjr,stefnum;tunogskyldmlogrWgjf " ogYj;nustuvarWandisamrunafyrirtkjaogkaupYeim.i(mh݌W# Ќ  "i(m"  i(m2  4  .3  Ԉ0    GjaldeyrisYj;nustuefumrddviWskiptieruliWurfjrfestingarYj;nustu.i(m'݌J "$ Ќ  "i(m"  i(m12  5  .3  Ԉ0    Fjrfestingarranns;knirogfjrmlagreiningareWaannarskonaralmennarrWleggingar !% ertengjastviWskiptummeWfjrmlagerninga.i(m1^݌!& Ќ  "i(m"  i(m2  6  .3  Ԉ0    Xj;nustutengslumviWslutryggingu.i(m݌"' Ќ  "i(m"  i(m2  7  .3  Ԉ0    Xj;nustusemtengistundirliggjandiYttumafleiWuskv.eoghliW2.tlul.1.mgr.2. v#N( gr.,efhnertengslumviWverWbrfaviWskiptisamkvmtYessarigrein.i(m݌A$ )     % *   &   2.gr. ( OrWskUringar.    0lgumYessummerkir:  ! ! 8(086"i(m"  i(m2  1  .3  Ԉ0    Fjrmlafyrirtki:Fyrirtkisamkvmtskilgreiningulagaumfjrmlafyrirtki.i(m݌a Ќ  "i(m"  i(m 2  2  .3  Ԉ0    Fjrmlagerningur:'(i(m C ݌T, Ќ  "m"  m!0  0 2  a  .3  Ԉ0v  VerWbrf,Y.e.YauframseljanleguverWbrfsemhgteraWeigaviWskiptimeWfjr  magnsmarkaWi,aWundanskildumgreiWsluskjlum,svosem:m!J!݌vv Ќ  "o`"  o`"0  000v b2  i  .3  Ԉ0vv  hlutabrffyrirtkjumognnurverWbrfsemerugildihlutabrfafyrirtkj   um,sameignarflgumeWaWrumlgaWilumogheimildarskrteinifyrirhlut,o`" #݌ X Ќ  "o`"  o`$0  000v b2  ii  .3  Ԉ0vv  skuldabrfeWaskuldverWbrfaformi,Y.m.t.heimildarskrteinivegnaslkra K #  verWbrfa,o`$$݌   Ќ  "o`"  o`m&0  000v b2  iii  .3  Ԉ0vv  nnurverWbrfsemveitartttilaWkaupaeWaseljaverWbrfeWaleiWatilupp    gjrsreiWufsemrWstafverWbrfum,gjaldmiWlum,vxtumeWavxtunar   krfum,hrvrumeWaWrumvsitlumeWamlikvrWum.o`m&&݌wO  Ќ  "m"  m(0  0xx 2  b  .3  Ԉ0v  PeningamarkaWsskjl,Y.e.YeirflokkargerningasemviWskiptifaravenjulegafram B  meWpeningamarkaWi,svosemrkisvxlar,innlnskrteiniogviWskiptabrfaW    undanskildumgreiWsluskjlum.m((݌ vv Ќ  "m"  m*0  0 2  c  .3  Ԉ0v  Hlutdeildarskrteini.m**݌{ vv Ќ  "m"  m+0  0xx 2  d  .3  Ԉ0v  Valrttarsamningar,framtWarsamningar,skiptasamningar,framvirkirvaxtarsamn nF ingarogaWrarafleiWursembyggjastverWbrfum,gjaldmiWlum,vxtum,vxtunar 9 krfu,WrumafleiWum,fjrhagslegumvsitlumeWafjrhagslegumviWmiWumsem  geramuppefnislegaeWameWreiWuf.m+,݌vv Ќ  "m"  mb.0  0 2  e  .3  Ԉ0v  HrvruafleiWur.mb..݌rvv Ќ  "m"  my/0  0 2  f  .3  Ԉ0v  AfleiWurtilyfirfrslulnahttu.my//݌e=vv Ќ  "m"  m00  0xx 2  g  .3  Ԉ0v  Samningarumfjrhagsleganmismun.m00݌0vv Ќ  "m"  m10  0xx 2  h  .3  Ԉ0v  AWrarafleiWur,semekkifallaundird!gliW,enhafasmueiginleikaogYrafleiWur.m11݌vv Ќ   >(vd008! !"i(m"  i(m32vd  3  .3  Ԉ0    EignastUring:Stj;rnunverWbrfasafnssamrmiviWfjrfestingarstefnusemerfyrir  framkveWinafviWskiptavini.i(m34݌i Ќ  "i(m"  i(mR52vd  4  .3  Ԉ0    FjrfestingarrWgjf:Pers;nulegarrWleggingartilviWskiptavinartengslumviWfjr \4 mlagerninga,hvortsemeraWfrumkvWiviWskiptavinarinseWaYesssemYj;nustuna ' veitir.i(mR55݌ Ќ  "i(m"  i(m272vd  5  .3  Ԉ0    TakafjrmlagerningatilviWskipta:SamYykkikauphallaraWviWskiptimeWfjrmla  gerningahefjistskipulegumverWbrfamarkaWiaWuppfylltumreglumhennarskv.22. `  gr.lagaumkauphallir.i(m27_7݌S+! Ќ  "i(m"  i(m92vd  6  .3  Ԉ0    MarkaWstorgfjrmlagerninga(MTF):MarghliWaviWskiptakerfisemstarfrkteraf " fjrmlafyrirtkieWakauphllsemleiWirsamankaupendurogseljendurfjrmlagern # inga,samrmiviW;frvkjanlegarreglurYess,YannigaWtilsamningastofnastsam  $ rmiviWIV.kafla.i(m9C9݌!W% Ќ  "i(m"  i(mh;2vd  7  .3  Ԉ0    SkipulegurverWbrfamarkaWur:MarkaWurmeWfjrmlagerningasamkvmtskilgrein J""& ingulagaumkauphallir.i(mh;;݌#' Ќ  "i(m"  i(m<2vd  8  .3  Ԉ0    Kauphll:RekstraraWiliskipulegsverWbrfamarkaWarsamkvmtskilgreiningulagaum #( kauphallir.i(m<=݌$ ) Ќ  "i(m"  i(m1>2vd  9  .3  Ԉ0    Fagfjrfestar:MeWfagfjrfestumerttviWviWskiptavinisembayfirreynslu,Yekkingu v%N!* ogsrfrWikunnttutilaWtakasjlfirkvarWanirumfjrfestingarogmetahttunasem A&"+  Yeimfylgir.EftirfarandiaWilarteljastfagfjrfestar:i(m1>^>݌ '", Ќ  ! ! n(580 >"m"  m@0  0 25  a  .3  Ԉ0v  &   LgaWilar,hrlandieWaerlendis,semhafastarfsleyfieWasinnalgbundinnistarf ( semifjrmlamrkuWum,Y.m.t.fjrmlafyrirtki'(AogfyrirtkitengdfjrmlasviWi,  vtryggingaflg,sj;WirumsameiginlegafjrfestinguogrekstrarflgYeirra,lf  eyrissj;WirogrekstrarflgYeirraeftirYvsemviW,seljendurhrvruoghrvru a afleiWa,staWbundniraWilarogaWrirstofnanafjrfestar.m@A݌T,vv Ќ  "m"  m0D0  0xx 25  b  .3  Ԉ0v  St;rfyrirtkisemuppfyllaa.m.k.tvafeftirfarandiskilyrWum:m0D]D݌vv Ќ  ! ! p(pO08n"o`"  o`F0  000v b2pO  i  .3  Ԉ0vv  heildartalaefnahagsreikningser1.847millj.kr.eWahrri,o`FKF݌ Ќ  "o`"  o`G0  000v b2pO  ii  .3  Ԉ0vv  hreinrsveltaer3.695millj.kr.eWameiri,o`GG݌  Ќ  "o`"  o`H0  000v b2pO  iii  .3  Ԉ0vv  eigiWfer185millj.kr.eWameira.o`HI݌ X Ќ  0  000vFjrhWirsamkvmtYessumliWerugrunnfjrhWirsemerubundnargengievru K #  (EUR)3.janar2007(92,37).  vv ! !"m"  mPK0  0 2pO  c  .3  Ԉ0v  Rkisstj;rnirogsveitarstj;rnir,seWlabankarogalYj;Wastofnanir,svosemAlYj;Wa    gjaldeyrissj;Wurinn,SeWlabankiEvr;pu,FjrfestingarbankiEvr;puogaWrar   sambrilegaralYj;Wastofnanir.mPK}K݌wO vv Ќ  "m"  mqM0  0xx 2pO  d  .3  Ԉ0v  AWrirstofnanafjrfestarsemhafaYaWaWaWalstarfiaWfjrfestafjrmlagerningum, B  Y.m.t.aWilarsemfstviWverWbrfuneignaeWannurfjrmgnunarviWskipti.mqMM݌  vv Ќ  "m"  mOO0  0 2pO  e  .3  Ԉ0v  AWilarsemsamYykktirhafaveriWsemfagfjrfestargrundvelli24.gr.mOO|O݌ vv Ќ   F(80p! !"i(m "  i(mEQ222  10  .3  Ԉ0    ViWurkenndurgagnaWili:AWilisemfellurundira,bogcliWskilgreiningarfagfjr {  festum.i(mEQrQ݌nF Ќ  "i(m "  i(mR222  11  .3  Ԉ0    Almennurfjrfestir:Fjrfestirsemekkierfagfjrfestir.i(mRR݌9 Ќ  "i(m "  i(mS222  12  .3  Ԉ0    OpinberfjrfestingarrWgjf:GreiningeWasamantektupplUsingasemfelursrrW  legginguumkaupeWaslufjrmlagerningumeWaleggurtilfjrfestingarstefnu,meW  beinumeWa;beinumhtti,semvarWareinneWafleirifjrmlagerningaeWatgefendur r YeirraogtluWeralmenningieWaerlklegtilaWverWaaWgengilegalmenningi,svosem e= efhennierdreifttilst;rsh;psmanna.i(mSS݌0 Ќ  "i(m "  i(mV222  13  .3  Ԉ0    ViWurkenndmarkaWsframkvmd:FramkvmdsemeWlilegteraWgerarWfyriraWs  viWhfWeinumeWafleirifjrmlamrkuWumogFjrmlaeftirlitiWhefurviWurkennt  meWYeimhttisemkveWiWerumreglugerWsemsettskalgrundvelli118.gr.i(mVV݌i Ќ  "i(m "  i(mX222  14  .3  Ԉ0    InnmiWlari:Fjrmlafyrirtkisemskipulega,reglulegaogkerfisbundiWviWskiptum \4 fyrireiginreikningmeWYvaWframkvmafyrirmliviWskiptavinautanviWskipulega ' verWbrfamarkaWiogmarkaWstorgfjrmlagerninga(MTF).i(mXY݌ Ќ    RWherraskalreglugerWsetjannarikvWiumskilgreininguhugtakannafjrmlagern  ingur,fjrfestingarrWgjfoginnmiWlari. `    3.gr. " Heimarkioggistirki0slandi. # [  0slanderheimarkitgefandameWskrWaskrifstofu0slandiefviWkomandiertgefandi  $ hlutabrfa,eWaskuldabrfaYarsemnafnverWeiningaskuldabrfannaerlgrifjrhWen !W% 92.400kr.,ogviWkomandiverWbrfhafaveriWtekintilviWskiptaskipulegumverWbrfa J""& markaWi.FjrhWirsamkvmtYessarimlsgreinerugrunnfjrhWirsemerubundnargengi #' evru(EUR)3.janar2007(92,37). #(   0slanderheimarkitgefandameWskrWaskrifstofurkiutanEvr;pskaefnahagssvWis $ ) insefviWkomandiertgefandihlutabrfa,eWaskuldabrfaYarsemnafnverWeiningaskulda v%N!* brfannaerlgrifjrhWen92.400kr.,viWkomandiverWbrfhafaveriWtekintilviWskipta A&"+  skipulegumverWbrfamarkaWiogtgefandaberskyldatilaWsendarlegaskUrsluvegna  '", tgfunnartilFjrmlaeftirlitsins,sbr.48.gr.&   FjrhWirsamkvmtYessarimlsgreineru ( grunnfjrhWirsemerubundnargengievru(EUR)3.janar2007(92,37).'(`    &  0slanderheimarkitgefandaWrumtilvikumenkveWiWerum1.og2.mgr.efaWili  ertgefandiverWbrfasemtekinhafaveriW'tatilviWskiptaskipulegumverWbrfamarkaWiog a hannveluraWhafa0slandsemheimarki.BtgefandaeraWeinsheimiltaWvelja0slandsem T, heimarkiefhannermeWskrWaskrifstofu0slandieWaverWbrfhanshafaveriWtekintil  viWskiptaskipulegumverWbrfamarkaWi0slandi.BtgefandisemvaliWhefur0slandsem  heimarkisamkvmtYessarimlsgreingeturfyrstbreyttYvvalisnuYegarYrjreruliWin   fropinberribirtinguvaliheimarkis,sbr.6.mgr.,nemaWurkomitilYessaWekkisu  X lengurviWskiptimeWverWbrfhansskipulegumverWbrfamarkaWi. K #    0slandergistirkitgefandaefverWbrfhanshafaveriWtekintilviWskiptaskipulegum    verWbrfamarkaWi0slandiog0slanderekkiheimarkihansskv.1.!3.mgr.      Ef0slanderheimarkitgefandaskalhannframfylgjakvWumVII.,VIII.ogIX.kafla   lagaYessaraY;ttverWbrfhanshafiaWeinsveriWtekintilviWskiptaskipulegumverWbrfa wO  markaWiWrurkiEvr;pskaefnahagssvWinuen0slandi. B    EftgefandigeturvaliWheimarkiskv.3.mgr.er;heimiltaWtakaverWbrfhanstilviW    skiptaskipulegumverWbrfamarkaWifyrrenhannhefurvaliWeittrkiEvr;pskaefnahags   svWinusemheimarki.kvWi1.mlsl.gildirY;ekkiumverWbrfasj;Wiogfjrfestingar {  sj;Wi,samkvmtlgumumverWbrfasj;Wiogfjrfestingarsj;Wi,YegarumeraWrWahlut nF deildarskrteinieWatgefendurvegnapeningamarkaWsskjalameWstyttrigildistmaen12 9 mnuWi.    Btgefandiskalbirtavalheimarkiskv.3.mgr.opinberlegaogmeWsamahttioglUst  er1.mgr.62.gr. r   II.KAFLI 0  FjrfestaverndogviWskiptahttirfjrmlafyrirtkja.   4.gr.  GildissviWkaflans. i ,k  kvWikaflaYessatakatilfjrmlafyrirtkjasemhafaheimildtilverWbrfaviWskipta, \4 sbr.Y;25.gr. '   5.gr.  G;WviWskiptavenja. `  l  FjrmlafyrirtkiskalstarfasamrmiviWeWlilegaogheilbrigWaviWskiptahttiog S+! venjurverWbrfaviWskiptum,meWtrverWugleikafjrmlamarkaWarinsoghagsmuni " viWskiptavinaaWleiWarlj;si. #   6.gr. !W% Skipulagfjrmlafyrirtkja. J""& Yn  SkipulagifjrmlafyrirtkisskalveraYannighttaWaWtryggWssamfelldogregluleg #' starfsemiogYj;nustaviWviWskiptavini.0Yessuskyniskalfjrmlafyrirtkim.a.notaviW #( eigandikerfiogverkferlaoghafayfiraWrWanauWsynlegriYekkingu. $ )   Fjrmlafyrirtkiskalhafaruggaverkferlafyrirstj;rnun,reikningsskil,innraeftirlitog v%N!* httumatfyrirtkisins. A&"+   &  FjrmlafyrirtkiskalsetjareglurogverkferlasemtryggjaaWfyrirtkiW,stj;rnYess,  '", starfsmennog' 'pfastirumboWsmennfariaWlgumogreglumsemumstarfseminagilda.Jafn '#- framt&  skalfjrmlafyrirtkisetjareglurumeiginviWskiptiYessaraaWilameWfjrmlagern ( inga.'(r    & , 7.gr. a Btvistunverkefna. T, r  FjrmlafyrirtkiskaltryggjaaWtvistunverkefnasemhafamikilvgaYUWingufyrir  starfsemiYess,aukiekkirekstrarhttu',rfyrirtkisins.Btvistunslkraverkefnaer;heimilef  hnhefurskaWleghrifinnraeftirliteWaregluvrslu.FjrmlafyrirtkibereftirsemWur   fullabyrgWtvistuWumverkefnum.  X   8.gr.    Hagsmunarekstrar.    t  FjrmlafyrirtkiskalgeraallartiltkarrWstafanirtilaWkomavegfyriraWhagsmuna   rekstrarskaWihagsmuniviWskiptavinaYess. wO    Fjrmlafyrirtkiskalgreinahagsmunarekstra: B  ! ! H(Ť88F"i(m"  i(mw2Ť  1  .3  Ԉ0    millifyrirtkisinssjlfsannarsvegar,Y.m.t.starfsmannaYess,einkaumboWsmannaeWa    aWilasemltayfirrWumYess,ogviWskiptavinaYesshinsvegarogi(mwKw݌  Ќ  "i(m"  i(mx2Ť  2  .3  Ԉ0    milliviWskiptavinafyrirtkisinsinnbyrWis.i(mxx݌{  Ќ    XarsemrWstafanirskv.1.mgr.veitaekkifullngjandivissufyrirYvaWhagsmunaviW nF skiptavinasngjanlegagttskalfjrmlafyrirtkiupplUsaviWkomandiviWskiptavinium 9 eWliogstWurhagsmunarekstrannaWurentilviWskiptaerstofnaWmillifjrmlafyrirtkis  ogviWskiptavinarins.    9.gr. e= Skriflegursamningur,skrningogyfirlit. 0 {  TakifjrmlafyrirtkiaWsrYj;nustusviWiverWbrfaviWskiptafyriralmennanfjrfesti  skalgerWurskriflegursamningurmillifjrmlafyrirtkisinsogviWskiptavinarYess,Yarsem  m.a.skalkveWiWumrttindiogskyldursamningsaWila.kvWiYessararmlsgreinargildir i ekkiumfjrfestingarrWgjf. \4   FjrmlafyrirtkiskaljafnframthaldasrstakaskryfirallasamningasemgerWireruviW ' hvernviWskiptavinYessseminnihaldakvWiumrttindiogskyldurviWskiptumaWila.  HeimilteraWrekjarttindiogskyldurmeWtilvsuntilrttarreglnaeWaskjalasemeruaW  gengilegviWskiptamnnum. `    FjrmlafyrirtkiskalsendaviWskiptavinumsnumyfirlityfirYYj;nustusemYaWveitir S+! Yeim.Yfirlitinskulu,YarsemviW,hafaaWgeymaupplUsingarumkostnaWviWYj;nustuna. "   10.gr.  $ SkrningYj;nustuogvarWveislagagna. !W%   FjrmlafyrirtkiskalhaldaskrryfirallaYj;nustusemYaWveitirogllviWskiptisem J""& YaWhefurmillignguumsviWiverWbrfaviWskipta.SkrrnarskuluveraYaWtarlegaraWfjr #' mlafyrirtkigetisUntframaWYaWhafifariWaWlgumstarfsemisinni. #(   FjrmlafyrirtkiskalvarWveitaa.m.k.fimmrggnumllviWskiptimeWfjrmlagern $ ) ingasemYaWframkvmir,hvortsemviWskiptinerufyrireiginreikningfyrirtkisinseWa v%N!* fyrirhndviWskiptavina.GgnYessiskulum.a.innihaldaupplUsingarsemskylteraWafla A&"+ grundvellilagaumaWgerWirgegnpeningaYvttiogfjrmgnunhryWjuverka.  '",  '#-   &  11.gr. ( Srgreiningfjrmlagerningaogannarrafjrmuna.    FjrmlafyrirtkiskalhaldafjrmlagerningumviWskiptavinatryggilegaaWgreindumfr  eignumfjrmlafyrirtkisins.FjrmlafyrirtkigeturaWeinsnUttfjrmlagerninga a viWskiptavinarfyrireiginreikningmeWskriflegusamYykkihans.'( T,   FjrmlafyrirtkiskaljafnframthaldaWrumfjrmunumviWskiptavinatryggilegaaW  greindumfreignumfjrmlafyrirtkisins.FjrmunirviWskiptavinarskuluvarWveittirsr  stkumnafnskrWumreikningi.     Fjrmlafyrirtkisemekkiteljastlnastofnanirgrundvellilagaumfjrmlafyrirtki  X getaekkinUttfjrmuniviWskiptavinafyrireiginreikning. K #    12.gr.    Safnskrning.   n  FjrmlafyrirtkisemheimilteraWvarWveitafjrmlagerningaeiguviWskiptavinasinna wO  geturs;ttumheimildFjrmlaeftirlitsinstilaWmegavarWveitaYsrstkumreikningi B  (safnreikningi)ogtakaviWgreiWslumfyrirhndviWskiptavinasinnafreinstkumtgefend    umfjrmlagerninga,endahafifjrmlafyrirtkiWgertviWskiptavinigreinfyrirrttarhrifum   YessoghannveittsamYykkisitt.FjrmlafyrirtkiberaWhaldaskryfirhluthversviW {  skiptavinarfyrirsigsamkvmtYessarigrein. nF   KomitilYessaWbfjrmlafyrirtkisstekiWtilgjaldYrotaskiptaeWagreiWslustWvun 9 samYykkt,fyrirtkinusslitiWeWasambrilegarrWstafanirgerWargeturviWskiptavinur  grundvelliskrrskv.1.mgr.tekiWfjrmlagerningasnatafsafnreikningi,endasekki  greiningurumeignarhald. r   13.gr. 0 Framsalsritun.  8  FjrmlafyrirtkierheimiltaWframseljaframseljanlegafjrmlagerninganafniviW  skiptavinarsnshafiYaWfengiWtilYessskriflegtumboW.Framsalsritunfjrmlafyrirtkis i telstekkisltaframsalsrWY;ttumboWtilYessfylgiekkiframseljanlegumfjrmlagerningi, \4 endasYessgetiWframsalsritunaWgerningurinnsframseldursamkvmtvarWveittuum ' boWi.FjrmlafyrirtkinuberaWvarWveitaumboWsvolengisemrttindierubyggWgern  ingnumsemframseldurhefurveriWmeWYessumhtti.SkylteraWltakaupandagerningsins  tsamritumboWsinskrefjisthannYess. `    FjrmlafyrirtkisembUWuruppvrsluframseljanlegrafjrmlagerningaerheimiltaW S+! varWveitaframsalsritanirskv.1.mgr.srstakriskrmeWangerningurinnervrsluYess, " endasuslkarframsalsritanirfrWarinnbrfiWYegarYaWhverfurrvrslufjrmlafyrir # tkisins.FjrmlafyrirtkisemhyggstnUtasrYessaheimildberaWaflasrsamYykkisFjr  $ mlaeftirlitsinsfyrirfyrirkomulagivrsluogYvupplUsingakerfisemfyrirhugaWeraWnota. !W%   ViWskiptavinursemveitthefurfjrmlafyrirtkiumboWskv.1.mgr.geturekkibeint J""& krfumaWframsalshafameWstoWheimildarskortifjrmlafyrirtkisinsnemaumboWYess #' tilframsalshafisUnilegaveriW;fullngjandi. #(   & , 14.gr. v%N!* UpplUsingagjftilviWskiptavina. A&"+   FjrmlafyrirtkiskalveitaviWskiptavinumsnumogWrumsemYaWbUWurYj;nustusna  '", greinarg;WarupplUsingarumfjrmlafyrirtkiW',v%sjlft,Yj;nustuYess,Yfjrfestingarkosti '#- semYeimstandatilboWaogYhttusemslkumfjrfestingumfylgir.UpplUsingarsem ( fjrmlafyrirtkiveitirviWskiptavinumsnumogWrumsemYaWbUWurYj;nustusnaskulu  veraskUrarogsanngjarnarogYrmegaekkiveravillandiYannigaWviWskiptavinirgetitekiW  upplUstafjrfestingarkvrWun. a   FjrmlafyrirtkiskalkunngeraviWskiptavinumsnumogWrumsemYaWbUWurYj;nustu T, snafyrirframhvaWaY;knunYaWmuniskiljasrfyrirYj;nustusna.BreytingarY;knun  skaltilkynnaviWskiptavinummeWhfilegumfyrirvara.    FjrmlafyrirtkiskalhafaaWgengilegarupplUsingarumrttarrrWiviWskiptavinasinna   efgreiningurrsmilliviWskiptavinarogfjrmlafyrirtkis.  X   0auglUsingumogannarrikynningarstarfsemifjrmlafyrirtkisskalYessgttaWfram K #  komirttarognkvmarupplUsingarumstarfsemiogYj;nustufjrmlafyrirtkisinsogaW    markaWsefnisaWgreintfrWrumorWsendingum.      15.gr. wO  flunupplUsingaogrWleggingarvegnaeignastUringarogfjrfestingarrWgjafar. B    FjrmlafyrirtkisemveitirfjrfestingarrWgjfeWasinnireignastUringuskalaflasr    upplUsingaumYekkinguogreynsluviWskiptavinareWahugsanlegsviWskiptavinarsviWiviW   komanditegundarverWbrfaviWskipta,fjrhagsstWuhansogmarkmiWmeWfyrirhugaWrifjr {  festingu,YannigaWYvskleiftaWveitaviWskiptavininumrWleggingarumhvaWaverWbrfa nF viWskiptihfihonum. 9   AflifjrmlafyrirtkiekkiYeirraupplUsingasemmlterfyrirum1.mgr.,eWasYv  ;kleiftaWaflaYeirra,erYv;heimiltaWltaviWskiptavinitrWleggingarumverWbrfaviW  skipti. r   Fjrmlafyrirtkjumer;heimiltaWhvetjaviWskiptavinisnatilaWveitaekkiYrupplUs e= ingarsemkrafisteraWaflaWssamkvmtYessarigrein. 0   16.gr.  flunupplUsingaogmatvegnaannarraverWbrfaviWskipta. i   FjrmlafyrirtkisemveitiraWraYj;nustusviWiverWbrfaviWskiptaenumgetur1.mgr. \4 15.gr.skal;skaeftirupplUsingumumYekkinguogreynsluviWskiptavinareWahugsanlegs ' viWskiptavinarsviWiviWkomanditegundarverWbrfaviWskiptatilaWgetametiWhvortYj;n  ustaneWavaransviWeigandifyrirviWskiptavininn.    TeljifjrmlafyrirtkigrundvelliupplUsingaskv.1.mgr.aWverWbrfaviWskiptinsu `  ekkiviWeigandifyrirviWskiptavininnskalYaWrWahonumfrYeimogskalYvheimiltaW S+! geraYaWstWluWuformi. "   VeitiviWskiptavinurinn;fullkomnarupplUsingareWaltihannalfariWhjlWaaWveita # upplUsingarnarskalfjrmlafyrirtkiWgerahonumviWvartumaWYaWleiWitilYessaWekki  $ verWiunntaWleggjamathvortviWskiptinsuviWeigandifyrirhann.HeimilteraWgeraYaW !W% stWluWuformi. J""&   Fjrmlafyrirtkier;skyltaWgrpatilYeirrarWstafanasemgreinir1.mgr.YegarYaW #' veitirYj;nustusemfelstaWeinsframkvmdeWam;ttkuogmiWlunfyrirmlaogllum #( eftirfarandiskilyrWumerfullngt: $ ) ! ! J(դ88H"i(m"  i(m2դ  a  .3  Ԉ0    &  Yj;nustantengisthlutabrfumsemtekinhafaveriWtilviWskiptaskipulegumverWbrfa v%N!* markaWiEvr;pskaefnahagssvWinu'v%eWasambrilegummarkaWiWrurki,peninga A&"+  markaWsskjlum,skuldabrfumeWaskuldsamkvmtannarskonarverWbrfumaW  '", undanskildumYeimsem&   hafainnbyggWaafleiWu,hlutdeildarskrteinumogWrumein ( fldumfjrmlagerningum,'(Ri(m@݌ Ќ  "i(m"  i(m12դ  b  .3  Ԉ0    Yj;nustanerveittaWfrumkvWiviWskiptavinarins,i(m1^݌ Ќ  "i(m"  i(mN2դ  c  .3  Ԉ0    viWskiptavinurinnhefurveriWskilmerkilegaupplUsturumaWfjrmlafyrirtkinus a ;skyltaWmetahvortfjrmlagerningurinneWaYj;nustansviWeigandifyrirhannogYv T, nj;tihannekkiYeirrarverndarsemslkumatifelst;YessarupplUsingarmveita  stWluWuformi,i(mN{݌ Ќ  "i(m"  i(m2դ  d  .3  Ԉ0    fjrmlafyrirtkiWsinnirYeimskyldumsemYvhvlaskv.8.gr.umhagsmuna   rekstra.i(m׮݌ X Ќ    Fjrmlafyrirtkjumer;heimiltaWhvetjaviWskiptavinisnatilaWveitaekkiYrupp K #  lUsingarsemkrafisteraWaflaWssamkvmtYessarigrein.      17.gr.   flunupplUsingaYegarYj;nustaerveittfyrirmillignguYriWjaaWila. wO    XegarfjrmlafyrirtkifelurWrufjrmlafyrirtkiaWannastverWbrfaviWskiptifyrir B  hndviWskiptavinarskalhinusWarnefndaheimiltaWreiWasigupplUsingarfrYvfyrr    nefndaumviWkomandiviWskiptavinogrWleggingarsemYaWhefurveittviWskiptavininum.   ErfjrmlafyrirtkisemfelurWrufjrmlafyrirtkiframkvmdverWbrfaviWskiptabyrgt {  fyrirYvaWslkarupplUsingarogrWleggingarsufullngjandiogrttar. nF   18.gr.  Bestaframkvmd.    ViWframkvmdviWskiptafyrirmlaskalfjrmlafyrirtkileitaallraleiWatilaWtryggja r bestumguleguniWurstWufyrirviWskiptavinisnameWtillititilverWs,kostnaWar,hraWa,lk e= indatilYessaWafviWskiptunumverWi,umfangs,eWlisogannarraYttasemmliskipta.Mli 0 viWskiptavinurhinsvegarfyrirumkveWnaframkvmdskalfylgjafyrirmlumhans.    FjrmlafyrirtkiskalgeranauWsynlegarrWstafanirtilYessaWfullngjaskyldumskv.  1.mgr.,m.a.meWYvaWsetjasrverklagsreglurumframkvmdviWskiptafyrirmla.0Yeim i skalkomaframhvaWamrkuWumfyrirtkiWframkvmirfyrirmliviWskiptavinaaWYv \4 ervarWareinstakartegundirfjrmlagerningaogYYttisemhafahrifvalmrkuWum. ' XarskalgertrWfyrirframkvmdfyrirmlaYeimmrkuWumYarsemaWjafnaWimvnta  bestumguleguniWurstWufyrirviWskiptavini.FjrmlafyrirtkiskalveitaviWskiptavinum  viWeigandiupplUsingarumefnireglnannaogaflasamYykkisYeirrafyrirYeimWuren `  fyrirmlieruframkvmd. S+!   Geriverklagsreglurskv.2.mgr.rWfyriraWfyrirmliverWiframkvmdutanskipulegra " verWbrfamarkaWaeWamarkaWstorgafjrmlagerninga(MTF)skuluviWskiptavinirupplUstir # umYaWsrstaklegaogsamYykkisYeirraaflaWWurenfyrirmlineruframkvmd.  $ SamYykkisverWurhvortheldursemeraflaWalmennanhtteWameWtillititileinstakra !W% viWskipta. J""&   FjrmlafyrirtkiskalfylgjastmeWskilvirkniviWframkvmdviWskiptafyrirmlaog #' verklagsreglnaskv.2.mgr.tilaWgetagreintgallaoggertendurbtureftilefniertil. #( SrstaklegaskalmetareglulegahvortYeirmarkaWir,semreglurnargerarWfyriraWnUttir $ ) verWitilaWframkvmafyrirmli,leiWatilhagstWustuniWurstWufyrirviWskiptavini. v%N!* Fjrmlafyrirtkiskal&  upplUsaviWskiptaviniumallarefnislegarbreytingarrWstfunum A&"+  ogverklagsreglumskv.2.mgr.'A&  '",   FjrmlafyrirtkiskalgetasUntfram&   ,aWbeiWniviWskiptavinar,aWfyrirmlihanshafi ( veriWframkvmdsamrmiviWverklags'( reglurfyrirtkisinsskv.2.mgr.    19.gr. a Framkvmdfyrirmla. T,   FjrmlafyrirtkiskalgerarWstafanirsemmiWaaWsanngjarnriogskj;triframkvmd  fyrirmlaviWskiptavina,meWtillititilfyrirmlaannarraviWskiptavinaeWaviWskiptahags  munafjrmlafyrirtkisins.XessarrWstafanirskulugerarWfyriraWfyrirmlisemeruaW   WruleytisambrilegsuframkvmdYeirrirWsemYauberastfjrmlafyrirtkinu.  X   XegarumeraWrWaskilyrtfyrirmlisemekkieruframkvmdjafnskj;ttogYauberast K #  vegnamarkaWsaWstWnaskalfjrmlafyrirtkiW,nemaviWskiptavinurmlifyrirumannaW,    stuWlaaWYvaWfyrirmlinverWiframkvmdeinsflj;ttogmgulegtermeWYvaWbirtaYau    samstundisaWgengileganhtt.FjrmlafyrirtkigeturfullngtYessariskyldumeWmiWlun   fyrirmlannatilskipulegsverWbrfamarkaWareWamarkaWstorgsfjrmlagerninga(MTF). wO  FjrmlaeftirlitiWgeturveittundanYgufrYessarigreinYegarumumfangsmikilviWskipti B  eraWrWa.      20.gr. {  EinkaumboWsmenn. nF p  FjrmlafyrirtkierheimiltaWfelaeinkaumboWsmannimeWskriflegumsamningiaW 9 markaWssetjaYj;nustuYess,takaviWfyrirmlumviWskiptavinaogframkvmaYau,hafa  millignguumslufjrmlagerningaogveitafjrfestingarrWgjf.    EinkaumboWsmenngetaaWeinsstarfaWfyrireittfjrmlafyrirtki.Fjrmlafyrirtkisem r veitirYj;nustufyrirmilligngueinkaumboWsmannaberafullaog;takmarkaWabyrgWaW e= gerWumogvanrksluYeirraYegarYeirstarfavegumYess.EinkaumboWsmnnumerskylt 0 aWgeraviWskiptavinumgreinfyrirumboWihversYeirstarfa.EinkaumboWsmnnumer  ;heimiltaWtakaviWfjrmunumfrviWskiptavinum.    FjrmlafyrirtkiskuluhafaeftirlitmeWstarfsemieinkaumboWsmannatilYessaWtryggja i aWYeirfariaWlgum.XauskulustuWlaaWheilbrigWumogeWlilegumviWskiptahttumYeirra. \4 EinkaumboWsmaWurskalhafastaWistpr;fverWbrfaviWskiptum. '   EinkaumboWsmanniskalYvaWeinsheimiltaWstarfaYgufjrmlafyrirtkisaWhann  hafifengiWtilYessleyfihjFjrmlaeftirlitinu.Fjrmlafyrirtkisemhyggstfelaeinkaum  boWsmanniaWstarfasnaYguskalbeinaums;knumYaWtilFjrmlaeftirlitsins.Fjrmla `  eftirlitiWseturnnarireglurumhvaWaskilyrWumeinkaumboWsmennskulufullngja. S+!   FjrmlaeftirlitiWheldurskryfireinkaumboWsmennsembirtskalopinberlega. "   21.gr.  $ FlokkunviWskiptavinao.fl. !W% a  FjrmlafyrirtkiskalflokkaviWskiptavinisnaviWurkenndagagnaWila,fagfjrfestaog J""& almennafjrfesta.FjrmlafyrirtkiskalgeraviWskiptavinumsnumgreinfyrirtilhvaWa #' flokksYeirteljast,upplUsaYumrttYeirratilaW;skaeftiraWfallaannanflokkogafleiW #( ingarYess.FjrmlafyrirtkiskalsetjasrverklagsreglurumflokkunviWskiptavina. $ )   FagfjrfestarberabyrgWYvaWtilkynnafjrmlafyrirtkjumumbreytingarsemhaft v%N!* getahrifflokkunYeirrasemfagfjrfesta.XberfjrmlafyrirtkjumaWgrpatilviWeig A&"+ andiaWgerWaverWiYeim&  kunnugtumaWviWskiptavinuruppfylliekkilengurskilyrWifyrirYv  '", aWfariWverWimeWhannsemfagfjrfesti.' 'Ԁ '#- Ї  & , 22.gr. ( ViWskiptiviWviWurkenndagagnaWila.    FjrmlafyrirtkjumsemhafaleyfitilaWframkvmafyrirmliviWskiptavina,eigaviW  skiptumfyrireiginreikningeWatakam;ti',(ogmiWlafyrirmlum,erheimiltaWeigaverW a brfaviWskiptumviWviWurkenndagagnaWilanYessaWfullngjaYeimskilyrWumsemmlt T, erfyrirum9.,14.,15.,16.og18.gr.og1.mgr.19.gr.    XegarfjrmlafyrirtkiviWskiptiviWviWurkenndangagnaWilaskalYaWaflastaWfestingar  frviWskiptavininumYessefnisaWhannskuliteljastviWurkenndurgagnaWili.HeimilteraW   aflastaWfestingarmeWalmennusamYykkieWasamYykkivegnaeinstakraviWskipta.  X   XrttfyrirkvWiYessarargreinarerviWurkenndumgagnaWilaheimiltaWkrefjastYessaW K #  fjrmlafyrirtkifariaWYeimkvWumsemtilgreinderu1.mgr.viWskiptumsnumviW    hann.      23.gr. wO  Aukinverndfyrirfagfjrfesta. B    FagfjrfestumerheimiltaW;skaeftirYvaWhafastWualmennrafjrfesta.Wurenfjr    mlafyrirtkiveitirfagfjrfestiYj;nustuskalYaWupplUsaviWkomandiumaWhannteljistfag   fjrfestir.JafnframtskalfjrmlafyrirtkiWupplUsafjrfestinnumaWhanngeti;skaWeftir {  aWekkiverWifariWmeWhannsemfagfjrfesti.AukinverndverWureinungisveittfagfjrfest nF umYegargerterskriflegtsamkomulagviWfjrmlafyrirtkiYessefnisaWekkiverWifariW 9 meWviWkomandisemfagfjrfesti.0samkomulaginuskaltilgreinahvortYettagildiralmennt  eWameWtillititiltiltekinnaviWskipta,Yj;nustu,fjrmlagerningseWaafurWar.    24.gr. e= AWilarsemgeta;skaWeftirYvaWverafagfjrfestar. 0   AWilar,semekkiteljastfagfjrfestarskv.a!dliW9.tlul.2.gr.,geta;skaWeftirYvaW  fjrmlafyrirtkifarimeWYsemfagfjrfesta.FjrmlafyrirtkiskalleggjamatsrfrWi  kunnttu,reynsluogYekkinguviWskiptavinarinsoghvorthnveitingilegavissufyrirYv i aWhanngetisjlfurtekiWkvarWanirumfjrfestingarogskiljihttunasemYeimfelst.Til \4 aWfariWverWimeWviWskiptavinsemfagfjrfestisamkvmtYessarigreinskalhannuppfylla ' a.m.k.tvafeftirfarandiskilyrWum:  ! ! L(88J"i(m"  i(m2  a  .3  Ԉ0    hafattumtalsverWviWskiptiverWbrfamrkuWumnstliWnafj;rarsfj;rWunga,aW  meWaltalia.m.k.tusinnumhverjumrsfj;rWungi,i(m$݌`  Ќ  "i(m"  i(m2  b  .3  Ԉ0    verWgildiverWbrfaeignarfjrfestisskalnemameiraen46,2millj.kr.,fjrhWYessier S+! grunnfjrhWsemerbundingengievru(EUR)3.janar2007(92,37),i(m݌" Ќ  "i(m"  i(m.2  c  .3  Ԉ0    fjrfestirskalgegnaeWahafagegntaWminnstakostieittrstWufjrmlamarkaWi # semkrefstsrYekkingarfjrfestingumverWbrfum.i(m.[݌ $ Ќ    TilaWviWskiptavinirskv.1.mgr.geti;skaWeftirYvaWteljastfagfjrfestarverWaYeiraW !W% tilkynnafjrmlafyrirtkinuskriflegahvortYeir;skieftiraWhafaslkastWualmennteWa J""& vegnaeinstakraviWskiptaeWategundarviWskipta.XskalfjrmlafyrirtkigefaYeimskUra #' skriflegaviWvrunumYrttarverndogYannb;tarttsemYeirkunnaaWverWaafogskulu #( viWskiptavinirsrstkuskjalilUsaYvyfiraWYeimskunnugtumafleiWingarYessaWmissa $ ) slkarttarvernd. v%N!*   A&"+   & ,  25.gr. ( OpinberfjrfestingarrWgjfogbirtingtlfrWiupplUsinga.    HverssemseturframeWabirtiropinberafjrfestingarrWgjfskalgtaYessaWslkar  upplUsingarsusettarframafsanngirniog',(uppfylliskilyrWireglnasemFjrmlaeftirlitiWskal a setjagrundvelli26.gr.XskaltilgreinahagsmunieWahugsanlegahagsmunarekstraviW T, komandiaWilavegnaYeirrafjrmlagerningasemupplUsingarnarvarWa.    OpinberiraWilarsemmiWlatlfrWilegumupplUsingum,semlklegarerutilaWhafa  marktkhriffjrmlamrkuWum,skulumiWlaYeimafsanngirnioggagnsjanhtt.     26.gr. K #  ReglugerWogreglurFjrmlaeftirlitsins.    I  RWherraskalsetjareglugerWumnnariframkvmdYessakafla.0henniskulum.a.koma    framkvWium:   ! ! N(88L"i(m"  i(m2  1  .3  Ԉ0    G;WaviWskiptavenjuskv.5.gr.i(mA݌wO  Ќ  "i(m"  i(m2  2  .3  Ԉ0    Skipulagfjrmlafyrirtkja,Y.m.t.regluvrslu,httustj;rnun,innriendurskoWun, B  byrgWyfirstj;rnar,meWferWkvrtunumogeiginviWskipti,skv.6.gr.i(mE݌   Ќ  "i(m"  i(m2  3  .3  Ԉ0    Btvistunverkefnaskv.7.gr.i(m݌  Ќ  "i(m"  i(m2  4  .3  Ԉ0    Hagsmunarekstraskv.8.gr.i(m݌{  Ќ  "i(m"  i(m2  5  .3  Ԉ0    Skriflegasamninga,skrninguogyfirlitskv.9.gr.i(m݌nF Ќ  "i(m"  i(m2  6  .3  Ԉ0    SkrninguYj;nustuogvarWveislugagnaskv.10.gr.i(m݌9 Ќ  "i(m"  i(m2  7  .3  Ԉ0    VarWveislufjrmlagerningaogfjrsemtilheyrirviWskiptavinumognotkunfjrmla  gerningumviWskiptavinaskv.11.gr.ogskUrslurendurskoWendavarWveislunnar.i(m݌ Ќ  "i(m"  i(m2  8  .3  Ԉ0    Safnskrningu,m.a.umskilyrWiheimildartilaWskrfjrmlagerningasafnreikning r skv.1.mgr.12.gr.,auWkenningusafnreiknings,YarmeWalupplUsingarumfjldaeig e= endaaWsafnreikningiogumupplUsingagjftilFjrmlaeftirlitsins,svosemumauW 0 kenniviWskiptamannaaWbakisafnreikningum.i(m݌ Ќ  "i(m"  i(m2  9  .3  Ԉ0    UpplUsingagjftilviWskiptavinaskv.14.gr.i(m݌ Ќ  "i(m "  i(m222  10  .3  Ԉ0    flunupplUsingaogrWleggingarvegnaeignastUringarogfjrfestingarrWgjafarskv. i 15.gr.i(m'݌\4 Ќ  "i(m "  i(mS222  11  .3  Ԉ0    flunupplUsingaogmatvegnaannarraverWbrfaviWskiptaskv.16.gr.,i(mS݌' Ќ  "i(m "  i(m222  12  .3  Ԉ0    Bestuframkvmdskv.18.gr.i(m݌ Ќ  "i(m "  i(mx222  13  .3  Ԉ0    Framkvmdfyrirmlaskv.19.gr.i(mx݌ Ќ  "i(m "  i(mu222  14  .3  Ԉ0    FlokkunviWskiptavinaskv.21.gr.i(mu݌`  Ќ  "i(m"  i(mw222  15  .3  Ԉ0    ViWskiptiviWviWurkenndagagnaWilaskv.22.gr.i(mw݌S+! Ќ  "i(m"  i(m222  16  .3  Ԉ0    Fagfjrfestaskv.23.og24.gr.i(m݌" Ќ    Reglurskv.1.mgr.skulutakamiWafYvhvortfjrmlafyrirtkiviWskiptumviWfag # fjrfestieWaalmennanfjrfesti.  $   FjrmlaeftirlitiWskalsetjareglurumopinberafjrfestingarrWgjf,YarmeWalum;hlut !W% drgaframsetningurWgjafarogbirtingu,tilgreininguYeimsemseturfjrfestingarrW J""& gjfinaframeWagerirhanaopinbera,hagsmunumoghagsmunarekstrum,ogskilgreiningu #' hugtaksinsgreining. #(   $ )   &   III.KAFLI (  GagnsiviWskipta.   27.gr.  GildissviWkaflans. a   kvWikaflaYessatakatilfjrmlafyrirtkjasemhafaheimildtilverWbrfaviWskipta.'( T,   28.gr.  UpplUsingagjfinnmiWlaraumtilboW.   q  InnmiWlararskulubirtabindandiverWtilboWfyrirYauhlutabrfsemYeireruinnmiWlarar  X fyrirogtekinhafaveriWtilviWskiptaskipulegumverWbrfamarkaWiendateljisthlutabrfin K #  seljanleg.TeljisthlutabrfinekkiseljanlegskuluinnmiWlararbirtaverWtilboWefviWskipta    vinur;skarYess.      kvWiYessarargreinargildaumverWtilboWuppaWstaWlaWrimarkaWsstrW.InnmiWlarar   semaWeinseigaviWskiptisemerustrrienstWluWmarkaWsstrWskuluekkiverabundnir wO  afkvWumgreinarYessarar. B    29.gr.   UpplUsingagjffjrmlafyrirtkjaumviWskipti. {    FjrmlafyrirtkisemviWskiptiutanskipulegraverWbrfamarkaWaeWamarkaWstorga nF fjrmlagerninga(MTF),annaWhvortfyrireiginreikningeWafyrirhndviWskiptavina,meW 9 hlutabrfsemtekinhafaveriWtilviWskiptaskipulegumverWbrfamarkaWi,skalgeraopin  berarupplUsingarumverW,umfangogtmasetninguviWskipta.UpplUsingarnarskalbirtaeins  nlgtrauntmaogmgulegter,eWlilegumviWskiptakjrum,ogYannhttaWYrsuaW r gengilegarWrummarkaWsaWilum. e=   30.gr.  TilkynningarskyldaumviWskipti.  5   FjrmlafyrirtkiskalsendaFjrmlaeftirlitinutilkynninguumllviWskiptisemYaW i framkvmirmeWfjrmlagerningasemteknirhafaveriWtilviWskiptaskipulegumverW \4 brfamarkaWi.Tilkynningskalsendeinsflj;ttogauWiWerogeigisWarenviWloknsta ' vinnudags.TilkynnaskalumllslkviWskipti,hvortsemYaueigasrstaWskipulegum  verWbrfamarkaWieWautanslkramarkaWa.    TilkynninguumviWskiptiskv.1.mgr.erheimiltaWsendameWeftirfarandihtti: `  ! ! R(88N"i(m"  i(m2  a  .3  Ԉ0    FjrmlafyrirtkiWsjlfteWaYriWjiaWilifyrirhndYesssendirtilkynningu.i(m0݌S+! Ќ  "i(m"  i(m?2  b  .3  Ԉ0    TilkynningersendgegnumtilkynningakerfisemFjrmlaeftirlitiWhefursamYykkt.i(m?l݌" Ќ  "i(m"  i(mt2  c  .3  Ԉ0    SkipulegurverWbrfamarkaWureWamarkaWstorgfjrmlagerninga(MTF),YarsemviW # skiptinf;rufram,sendirtilkynningu.i(mt݌ $ Ќ    31.gr. J""& ReglugerW. #'   RWherraskalsetjareglugerWumnnariframkvmdYessakafla.0henniskulum.a.koma #( framkvWium: $ ) ! ! T(Ť88R"i(m"  i(m2Ť  1  .3  Ԉ0    UpplUsingagjfinnmiWlaraskv.28.gr.i(m݌v%N!* Ќ  "i(m"  i(m2Ť  2  .3  Ԉ0    UpplUsingagjffjrmlafyrirtkjaumviWskiptiskv.29.gr.,Y.m.t.skyldutilbirtingar A&"+  upplUsingaogskilyrWifyrirundanYgufrbirtinguupplUsinga.i(m݌ '", Ќ  "i(m"  i(mM2Ť  3  .3  Ԉ0    &   TilkynningarskylduumviWskiptiskv.30.gr.,Y.m.t.umskylduFjrmlaeftirlitsinstil ( aWframsendatilkynningarum'(viWskiptitileftirlitsaWilaaWildarrkisYarsemseljanleiki  viWkomandifjrmlagerningsermestur,umYrkrfursemgerWarerutiltilkynninga,  uminnihaldtilkynningaogumsamskiptieftirlitsaWila.i(mMz݌a Ќ    RWherraerheimiltaWsetjareglugerWnnarikvWium: T, ! ! V(դ88T"i(m"  i(m2դ  1  .3  Ԉ0    SkyldurinnmiWlaratilaWbirtaupplUsingarumkaup-ogslutilboWogdUpttilboWafyrir  aWrafjrmlagerningaenhlutabrfsemYeireruinnmiWlararfyrirskv.28.gr.i(m%݌ Ќ  "i(m"  i(m2դ  2  .3  Ԉ0    SkyldufjrmlafyrirtkistilaWbirtaupplUsingarumverW,umfangogtmasetningu   viWskiptasemframfarautanskipulegraverWbrfamarkaWaeWamarkaWstorgafjrmla  X gerninga(MTF)meWaWrafjrmlagerningaenhlutabrfskv.29.gr.i(m݌K #  Ќ  "i(m"  i(m2դ  3  .3  Ԉ0    AWtilkynningarfjrmlafyrirtkjagrundvelli30.gr.skuliinnihaldaupplUsingarum    auWkenniviWskiptavinafjrmlafyrirtkja.i(m݌   Ќ  "i(m"  i(m32դ  4  .3  Ԉ0    AWtilkynningarskyldafjrmlafyrirtkjagrundvelli30.gr.nieinnigtilviWskipta   meWfjrmlagerningasemtengjastfjrmlagerningumsemteknirhafaveriWtil wO  viWskiptaskipulegumverWbrfamarkaWi.i(m3`݌B  Ќ    IV.KAFLI    MarkaWstorgfjrmlagerninga(MTF).  {  32.gr. nF GildissviWkaflans. 9 !  kvWikaflaYessatakatilfjrmlafyrirtkjaogkauphallasemhafaheimildtilaWreka  markaWstorgfjrmlagerninga(MTF).    33.gr. e= SkipulagmarkaWstorgsfjrmlagerninga(MTF). 0 "  ReksturmarkaWstorgsfjrmlagerninga(MTF)skalverasamrmiviWeWlilegaogheil  brigWaviWskiptahttiogvenjurverWbrfaviWskiptum,meWtrverWugleikafjrmlamarkaW  arinsoghagsmuniviWskiptavinaaWleiWarlj;si. i   FjrmlafyrirtkieWakauphllsemrekurmarkaWstorgfjrmlagerninga(MTF)ber \4 byrgWaWreksturskipulegsverWbrfamarkaWarsheilbrigWurogtraustur. '   FjrmlafyrirtkieWakauphllsemrekurmarkaWstorgfjrmlagerningaskal:  ! ! X(88V"i(m"  i(mw&2  1  .3  Ԉ0    SetjagagnsjarogsjlfvirkarreglursemtryggjasanngjrnogskipulegviWskipti  markaWstorginuogskuluYrinnihaldahlutlgviWmiWumframkvmdfyrirmla.i(mw&&݌`  Ќ  "i(m"  i(m(2  2  .3  Ԉ0    SetjareglurumYauskilyrWisemfjrmlagerningarYurfaaWuppfyllasvoaWviWskipti S+! getifariWframmeWYmarkaWstorginu.i(m(E(݌" Ќ  "i(m"  i(m)2  3  .3  Ԉ0    TryggjaaWaWilaraWmarkaWstorginuhafiaWgangaWngjanlegumopinberumupplUsing # umtilaWgetatekiWfjrfestingarkvarWanir.i(m))݌ $ Ќ  "i(m"  i(m4+2  4  .3  Ԉ0    SetjareglurumaWgengiaWmarkaWnumogskuluYrfullngjaskilyrWum34.gr.i(m4+a+݌!W% Ќ  "i(m"  i(ml,2  5  .3  Ԉ0    UpplUsanotendurmarkaWstorgsinsumskyldurYeirrahvaWvarWaruppgjrviWskiptasem J""& faraframmarkaWstorginuoggerarWstafanirtilaWtryggjaaWskilvirktuppgjrviW #' skiptagetifariWfram.i(ml,,݌#(    $ )   &   34.gr. ( AWildaWmarkaWstorgifjrmlagerninga(MTF).  w.  AWilaraWmarkaWstorgifjrmlagerninga(MTF)getaorWiWYeirsem:  ! ! Z(88X"i(m"  i(m-02  1  .3  Ԉ0    EruveltilYesshfir.i(m-0Z0݌a Ќ  "i(m"  i(m#12  2  .3  Ԉ0    HafafullngjandigetutilaWeigaviWskipti.'(.i(m#1P1݌T, Ќ  "i(m"  i(mE22  3  .3  Ԉ0    Fullngja,YarsemviW,krfumsemgerWarerutilskipulags.i(mE2r2݌ Ќ  "i(m"  i(mh32  4  .3  Ԉ0    HafafullngjandifjrrWtilaWframkvmaYraWgerWirsemYeimertlaWaWfram  kvma.i(mh33݌  Ќ    & , 35.gr. K #  ViWskiptaeftirlit.    4  FjrmlafyrirtkieWakauphllsemrekurmarkaWstorgfjrmlagerninga(MTF)skalhafa    eftirlitmeWYvaWaWilaraWviWskiptum',K 4ԀsemYarfaraframstarfieftirlgum,reglumogsam   Yykktum&  semumviWskiptimarkaWstorginugildaogrekaviWeigandieftirlitskerfimeWviW wO  skiptunum.'wa6Ԁ B    TilkynnaskalFjrmlaeftirlitinuefgrunureWavitneskjaerumaWbrotiWhafiveriWgegn    lgum,reglugerWumeWaWrumreglumsemgildaumviWskiptimarkaWstorgifjrmlagern   inga(MTF)eWaaWbrotiWhafiveriWgr;flegaeWatrekaWgegnreglumYess. {    VeitaskalyfirvldumtafarlaustviWeigandiupplUsingarogaWstoWvegnaranns;knareWa nF saks;knarvegnagrunsumrefsiverWahttsemisemsrstaWmarkaWstorgifjrmlagern 9 inga(MTF)eWagegnummarkaWskerfiYess.    36.gr. r UpplUsingagjfumtilboW. e= 9  FjrmlafyrirtkieWakauphllsemrekurmarkaWstorgfjrmlagerninga(MTF)skal, 0 vegnahlutabrfasemtekinhafaveriWtilviWskiptaskipulegumverWbrfamarkaWi,birta  opinberlegaverWupplUsingarumkaupogslutilboWsemsetteruframmarkaWstorginuauk  upplUsingaumdUpttilboWaviWkomandiverWi.UpplUsingarnarskulubirtarsamfelltal i mennumopnunartmaogveraaWgengilegaralmenningisanngjrnumviWskiptakjrum. \4   FjrmlaeftirlitiWgeturveittundanYgufrbirtingukaup-ogslutilboWaskv.1.mgr. ' grundvellieiginleikaviWkomandimarkaWstorgseWategundarogstrWartilboWa.    37.gr. `  UpplUsingagjfumviWskipti. S+! =  FjrmlafyrirtkieWakauphllsemrekurmarkaWstorgfjrmlagerninga(MTF)skalbirta " opinberlegaupplUsingarumverW,umfangogtmasetninguviWskiptasemframkvmderu # viWskiptakerfiYessmeWhlutabrfsemtekinhafaveriWtilviWskiptaskipulegumverWbrfa  $ markaWi.UpplUsingarnarskulubirtarsanngjrnumviWskiptakjrumogeinsnlgtraun !W% tmaviWskiptannaogmgulegter.kvWiYettaekkiviWefupplUsingarumviWskiptineru J""& birtviWskiptakerfiskipulegsverWbrfamarkaWar. #'   FjrmlafyrirtkieWakauphllerheimiltaWsetjasrreglurumaWtefjaskulibirtingu #( upplUsingavegnastrWareWategundarviWskipta.ReglurnarskuluuppfyllaskilyrWireglu $ ) gerWarskv.38.gr.ogverasamYykktarfyrirframafFjrmlaeftirlitinu.FjrmlafyrirtkieWa v%N!* kauphllskalsjtilYessaWaWilaraWmarkaWstorginuogfjrfestarsuupplUstirumtfina. A&"+    '",   & ,  38.gr. ( ReglugerW.  B  RWherraskalsetjareglugerWumnnariframkvmdYessakafla.0henniskulum.a.koma  framkvWium:',(C a ! ! \(88Z"i(m"  i(mD2  1  .3  Ԉ0    UpplUsingagjfumtilboWogundanYgurfrupplUsingaskylduskv.36.gr.i(mDD݌T, Ќ  "i(m"  i(mE2  2  .3  Ԉ0    UpplUsingagjfumviWskiptiogtafirhenniskv.37.gr.i(mE*F݌ Ќ    RWherraerheimiltaWsetjareglugerWnnarikvWium:  ! ! ^(88\"i(m"  i(m!H2  1  .3  Ԉ0    & a SkyldurfjrmlafyrirtkiseWakauphallartilaWbirtaupplUsingarumkaup-ogslutil   boWogdUpttilboWasemsetteruframmarkaWstorgifjrmlagerninga(MTF)fyriraWra  X fjrmlagerningaenhlutabrfskv.36.gr.'a Hi(m!HNH݌K #  Ќ  "i(m"  i(m8J2  2  .3  Ԉ0    & a SkyldufjrmlafyrirtkiseWakauphallartilaWbirtaupplUsingarumverW,umfangog    tmasetninguviWskiptasemframfaramarkaWstorgifjrmlagerninga(MTF)meWaWra    fjrmlagerningaenhlutabrfskv.37.gr.'a Ji(m8JeJ݌  Ќ    V.KAFLI B   SamningsbundiWuppgjrafleiWna.     39.gr.   GildissviWkaflans. {  IL  kvWiYessakaflatakatilskuldajafnaWarogtryggingarrttindatengslumviWafleiWur. nF   40.gr.  SkuldajfnuWur.  M  Skriflegursamningur,einneWafleiri,millitveggjaaWilaumaWskyldurYeirrasamkvmt r afleiWuskulijafnasthverm;tiannarri,meWskuldajfnuWi,viWendurnUjuneWaviWvanefnd, e= greiWslustWvun,nauWasamningaeWagjaldYrotaskipti,skalhaldagildisnuaWfulluYrttfyrir 0 kvWi91.og100.gr.lagaumgjaldYrotaskiptio.fl.    41.gr. i Tryggingarrttindi. \4 O  TryggingarrttindumsemsetterutiltryggingarviWskiptummeWafleiWurverWurekkirift ' YrttfyrirkvWi137.gr.lagaumgjaldYrotaskiptio.fl.    VI.KAFLI `   BtboWogtakaverWbrfatilviWskipta.  S+! 42.gr. " GildissviWkaflans. # 0Q  kvWikaflaYessatakatilalmennratboWaverWbrfaogtkuverWbrfatilviWskipta  $ skipulegumverWbrfamarkaWi. !W%   kvWikaflaYessaeigaekkiviWum: J""& ! ! `(&e08^"i(m"  i(mS2&e  1  .3  Ԉ0    sj;WiumsameiginlegafjrfestingusemhafaeingnguYaWmarkmiWaWveitaviWtkuf #' fralmenningitilsameiginlegrarfjrfestingarfjrmlagerningumogWrumeignum #( grundvellihttudreifingarsamkvmtfyrirframkunngerWrifjrfestingarstefnuoggefa $ ) thlutdeildarskrteinieWahlutisemeruinnleysanlegiraWkrfueigendaafeignum v%N!* sj;Wsins,i(mSS݌A&"+ Ќ  "i(m"  i(mnV2&e  2  .3  Ԉ0    verWbrfsemekkieruhlutabrfatengdoggefinerutafrkjumEvr;pskaefnahags  '", svWinu,svWis-eWastaWaryfirvldumrkjaEvr;pskaefnahagssvWinu,alYj;Wastofn '#- unumsemeitteWafleirirkjannaeigaaWildaW,SeWlabankaEvr;pueWaseWlabnkum ( rkjanna,i(mnVV݌ Ќ  "i(m"  i(mX2&e  3  .3  Ԉ0    seWlabankaEvr;pskaefnahagssvWinu,i(mXX݌ Ќ  "i(m"  i(mY2&e  4  .3  Ԉ0    verWbrfmeWskilyrWislausriog;afturkallanlegribyrgWrkjaEvr;pskaefnahagssvW a inu,svWis-eWastaWaryfirvldumrkjaEvr;pskaefnahagssvWinu,i(mYZ݌T, Ќ  "i(m"  i(m[2&e  5  .3  Ԉ0    verWbrfsemgefinerutaflgaWilumsemekkierureknirhagnaWarskyniYeimtil  gangiaWaflafjrtilframdrttarmarkmiWumsnumogltaekkiaWhagsjlfralgaWil  anna,i(m[[݌  Ќ  "i(m"  i(mU]2&e  6  .3  Ԉ0    verWbrfsemekkieruhlutabrfatengdoggefinerutsamfellteWameWendurteknum  X httiaflnastofnunumsvofremisemYessiverWbrf:i(mU]]݌K #  Ќ  ! ! t(e80`"m"  m}_0  0 2e  a  .3  Ԉ0v  eruekkivkjanleg,breytanlegeWaskiptanleg,m}__݌  vv Ќ  "m"  m`0  0xx 2e  b  .3  Ԉ0v  felaekkisrrtttilskriftareWartttilaWWlastaWrartegundirverWbrfaogeru    ekkitengdafleiWum,m``݌ vv Ќ  "m"  mJb0  0 2e  c  .3  Ԉ0v  felasraWrtturstofnisttilendurgreiWsluinnborgunar,mJbwb݌wO vv Ќ  "m"  mc0  0xx 2e  d  .3  Ԉ0v  fallaundirlguminnstWutryggingarogtryggingakerfifyrirfjrfesta,mcc݌B vv Ќ   v(88t! !"i(m"  i(me2  7  .3  Ԉ0    verWbrfboWintboWiYarsemheildarfjrhWtboWsinserlgrien210millj.kr.,sbr.    Y;54.gr.lagaYessara;heildarfjrhWtboWsinsskalmiWuWviW12mnaWatmabil,i(mee݌  Ќ  "i(m"  i(mKg2  8  .3  Ԉ0    verWbrfsemekkieruhlutabrfatengdogerugefintsamfellteWameWendurteknum {  httiaflnastofnunum,ogheildarfjrhWtboWserlgrien4,2milljarWarkr.,miWaW nF viW12mnaWatmabil,svofremisemYessiverWbrf:i(mKgxg݌9 Ќ   b(դ88v"m"  mi0  0 2դ  a  .3  Ԉ0v  eruekkivkjanleg,breytanlegeWaskiptanleg,mii݌vv Ќ  "m"  mk0  0xx 2դ  b  .3  Ԉ0v  felaekkisrrtttilskriftareWartttilaWWlastaWrartegundirverWbrfaogeru  ekkitengdafleiWum.mk4k݌rvv Ќ    Btgefanda,tilboWsgjafaeWaaWilasem;skareftirtkuverWbrfatilviWskiptaskipulegum e= verWbrfamarkaWi,semfellurundirkvWi2.,4.,7.eWa8.tlul.2.mgr.,erheimiltaWtba 0 lUsingusamrmiviWYennankafla.    FjrhWirYessumkaflaerubundnarviWgengievru(EUR)miWaWviWgengihennar4.  janar2005(83,54kr.). i   43.gr. ' OrWskUringar.  n! ! d(fh08b"i(m"  i(mo2fh  1  .3  Ԉ0    AlmennttboW:MeWalmennutboWiverWbrfa,hvortheldurerupphaflegrislueWa  sWarislu,erttviWhverskonarboWtilalmenningsumkaupverWbrfum,meWhvaWa `  httisemer,YarsemframkomangjanlegarupplUsingarumskilmlatboWsogverW S+! brfinsemeruboWintilkaupstilaWfjrfestiskleiftaWkveWaaWkaupaeWaltaskr " sigfyrirkaupumYessumverWbrfum.UndirYettafallaeinnigverWbrfsemerumark # aWssettog/eWaseldfyrirtilstillimillignguaWilafjrmlamarkaWi.i(moo݌ $ Ќ  "i(m"  i(mEs2fh  2  .3  Ԉ0    LUsing:SamheitiyfirskjaleWaskjlsemgefaYarftvegnaalmennstboWsverWbrfa !W% eWatkuverWbrfatilviWskiptaskipulegumverWbrfamarkaWi.i(mEsrs݌J""& Ќ  "i(m"  i(mt2fh  3  .3  Ԉ0    GrunnlUsing:LUsingseminniheldurallarnauWsynlegarupplUsingarumtgefandaog #' verWbrfsemboWinerualmenningieWasemtlunineraWtakatilviWskiptaskipulegum #( verWbrfamarkaWiog,aWvalitgefenda,endanlegaskilmlatilboWs.i(mtu݌$ ) Ќ  "i(m"  i(mw2fh  4  .3  Ԉ0    BtgefandalUsing:ShlutilUsingar,YegarlUsingergefintsemYrjaWskilinskjl,sem v%N!* veitirupplUsingarumtgefandann.i(mw;w݌A&"+ Ќ  "i(m"  i(mx2fh  5  .3  Ԉ0    VerWbrfalUsing:ShlutilUsingar,YegarlUsingergefintsemYrjaWskilinskjl,sem  '", veitirupplUsingarumverWbrfinsjlf.i(mxx݌'#- Ќ  "i(m"  i(m*z2fh  6  .3  Ԉ0    Samantekt:ShlutilUsingarsemveitirupplUsingarummegineinkennioghttursem ( tengjasttgefanda,byrgWaraWilanumogverWbrfunumsjlfum.Samantektinskalsett  framstuttumliogmeWskUrumhtti.i(m*zWz݌ Ќ  "i(m"  i(m|2fh  7  .3  Ԉ0    HlutabrfatengdverWbrf:HlutabrfognnurframseljanlegverWbrfsemerujafngild a hlutabrfumflgumsamthverskynsWrumtegundumframseljanlegraverWbrfa T, semveitartttilaWeignasteinhverhinnaframangreinduverWbrfameWYvaWbreyta  YeimeWanUtaYannrttsemYauveita,aWYvtilskilduaWverWbrfafsWarnefndu  tegundinnisugefintaftgefandahinnaundirliggjandihlutabrfaeWaaWilasem   tilheyrirsamstWutgefandans.i(m|E|݌ X Ќ  "i(m"  i(mb2fh  8  .3  Ԉ0    &  BtboWstlun:tlunsemmundiheimilatgfuverWbrfasemekkieruhlutabrfa K #  tengd,Y.m.t.skriftarrttinda'K hvaWaformisemer,afsvipaWrigerWog/eWasvipuWum    flokki,samfellteWameWendurteknumhttitilteknutgfutmabili.i(mb݌   Ќ  "i(m"  i(m2fh  9  .3  Ԉ0    Hfirfjrfestar:i(mˁ݌  Ќ  ! ! z(580 d"m"  m30  0 25  a  .3  Ԉ0v  LgaWilar,hrlandieWaerlendis,semhafastarfsleyfieWasinnalgbundinnistarf wO  semifjrmlamrkuWum,Y.m.t.fjrmlafyrirtkiogfyrirtkitengdfjrmlasviWi, B  vtryggingaflg,sj;WirumsameiginlegafjrfestinguogrekstrarflgYeirra,lf    eyrissj;WiogrekstrarflgYeirraeftirYvsemviWoghrvrumiWlanir.m3`݌ vv Ќ  "m"  m0  0xx 25  b  .3  Ԉ0v  LgaWilarsemhvorkihafastarfsleyfinsinnalgbundinnistarfsemifjrmlamrk {  uWum,enhafaeinungisYanntilgangaWfjrfestaverWbrfum.m݌nFvv Ќ  "m"  m0  0 25  c  .3  Ԉ0v  Rkisstj;rnirogsveitarstj;rnir,seWlabankarogalYj;Wastofnanir,svosemAlYj;Wa 9 gjaldeyrissj;Wurinn,SeWlabankiEvr;pu,FjrfestingarbankiEvr;puogaWrarsam  brilegaralYj;Wastofnanir.mԇ݌vv Ќ  "m"  m̉0  0xx 25  d  .3  Ԉ0v  AWrirlgaWilarsemuppfyllaekkitvafYeimYremurskilyrWumsemsetterufram r fliW.m̉݌e=vv Ќ  "m"  mO0  0 25  e  .3  Ԉ0v  Einstaklingarbsettir0slandi,;skiYeirskriflegaeftirYvviWFjrmlaeftirlitiWaW 0 veraviWurkenndirsemhfirfjrfestaroguppfyllaa.m.k.tvafeftirfarandiYremur  skilyrWum:mO|݌vv Ќ  ! ! |(pO08z"o`"  o`0  000v b2pO  i  .3  Ԉ0vv  fjrfestirhefurttumtalsverWviWskiptiverWbrfamrkuWumnstliWnafj;ra i rsfj;rWunga,aWmeWaltalia.m.k.tusinnumhverjumrsfj;rWungi,o`"݌\4 Ќ  "o`"  o`0  000v b2pO  ii  .3  Ԉ0vv  verWgildiverWbrfaeignarfjrfestisnemurmeiraen41,8millj.kr.,o`݌' Ќ  "o`"  o`b0  000v b2pO  iii  .3  Ԉ0vv  fjrfestirgegnireWahefurgegntaWminnstakostieittrstWufjrmlamark  aWisemkrefstsrYekkingarfjrfestingumverWbrfum.o`b݌ Ќ  ! !"m"  md0  0 2pO  f  .3  Ԉ0v  LtilogmeWalst;rfyrirtkimeWskrWaskrifstofu0slandi,;skiYauskriflegaeftir `  YvviWFjrmlaeftirlitiWaWveraviWurkenndsemhfirfjrfestar.MeWlitlumog S+! meWalst;rumfyrirtkjumerttviWflgsemsamkvmtsWastarsreikningieWa " samstWureikningisnumuppfyllaa.m.k.tvafeftirfarandiYremurskilyrWum:md݌#vv Ќ  ! ! ~(P80|"o`"  o`͖0  000v b2P  i  .3  Ԉ0vv  meWalfjldistarfsmannafjrhagsrinuvarinnanviW250,o`͖݌ $ Ќ  "o`"  o`90  000v b2P  ii  .3  Ԉ0vv  niWurstWutalaefnahagsreikningsf;rekkiyfir3,6milljarWakr.,o`9f݌!W% Ќ  "o`"  o`0  000v b2P  iii  .3  Ԉ0vv  hreinrsveltaf;rekkiyfir4,2milljarWakr.o`݌J""& Ќ    44.gr. #( SkilyrWialmennstboWsogtkuverWbrfatilviWskipta. $ )   AlmennttboWverWbrfaerhWYvaWlUsinghafiveriWgefintsamrmiviWkvWi v%N!* lagaYessara. A&"+   TakaverWbrfatilviWskiptaskipulegumverWbrfamarkaWierhWtgfulUsingarsam  '", rmiviWkvWilagaYessara. '#- Ї  45.gr. ( UpplUsingarlUsingu.  *  LUsingskalinnihaldaYrupplUsingarsemmeWhliWsj;nafeWlitgefandansogverWbrf  annaerunauWsynlegarfjrfestumtilYessaWYeirgetimetiWeignirogskuldir,fjrhagsstWu, a afkomuogframtWarhorfurtgefandaogbyrgWaraWila,efviW,semogYaurttindisem T, fylgjaverWbrfunum.UpplUsingarnarskulusettarframskUranoggreinarg;Wanhtt.    & a AukupplUsingaumtgefandannogverWbrfinskallUsinginnihaldastuttaoggreinarg;Wa  samantektsemlUsirgrundvallareinkennumoghttuhvaWvarWartgefandann,byrgWar   aWila,efviW,ogverWbrfinsjlf.'a  X   XegarumeraWrWalUsinguvegnatkutilviWskiptaskipulegumverWbrfamarkaWi K #  verWbrfumsemeruekkihlutabrfatengdogsemerueiningumsemnemaaWlgmarki4,2    millj.kr.aWnafnverWierekkiskyldaaWtbasamantekt.      FjrmlaeftirlitiWgeturveittundanYgufrbirtingutiltekinnaupplUsingalUsingusam   kvmtlgumYessumefYaWtelur: wO   (V88~"i(m"  i(m2V  a  .3  Ԉ0    aWbirtingslkraupplUsingamundistrWagegnalmannahagsmunum,i(mˣ݌B  Ќ  "i(m"  i(mä2V  b  .3  Ԉ0    aWbirtingslkraupplUsingavriverulegaskaWlegfyrirtgefandann,aWYvtilskilduaW    ekkislklegtaWsstaWreyndaWupplUsingunumsslepptvilliumfyriralmenningiaW   YvervarWarnauWsynlegarstaWreyndirogaWstWurtilaWhgtsaWmeta,grundvelli {  upplUsinganna,tgefandann,tilboWsgjafanneWabyrgWaraWilann,efeinhverer,ogrtt nF indinsemfylgjaverWbrfunumsemlUsinginvarWar,i(mä݌9 Ќ  "i(m"  i(mէ2V  c  .3  Ԉ0    aWslkarupplUsingarsulttvgarfyrirtiltekiWtboWeWatkutilviWskiptaskipu  legummarkaWiogekkiYesseWlisaWYrhafihrifmatfjrhagsstWuogframtWar  horfurtgefanda,tilboWsgjafaeWabyrgWaraWila,efeinhverer.i(mէ݌r Ќ    HeimilteraWbirtalUsinguannaWhvortsemeittskjaleWasemYrjaWskilinskjl.LUsing e= semsamanstendurafYremurskjlumskiptist: 0  (f88"i(m"  i(mV2f  a  .3  Ԉ0    tgefandalUsingu,i(mV݌ Ќ  "i(m"  i(mF2f  b  .3  Ԉ0    verWbrfalUsingui(mFs݌ Ќ  "i(m"  i(m82f  c  .3  Ԉ0    samantekt.i(m8e݌i Ќ    0eftirfaranditilvikumgeturtgefandi,tilboWsgjafieWaaWilisem;skareftirtkutilviW \4 skiptaskipulegumverWbrfamarkaWitbiWgrunnlUsingu: ' ! ! (88"i(m"  i(m2  a  .3  Ԉ0    YegarumeraWrWaverWbrfsemeruekkihlutabrfatengdoggefinerutsemhlutiaf  tboWstlun,Y.m.t.skriftarrttindihvaWaformisemer,i(mد݌ Ќ  "i(m"  i(mC2  b  .3  Ԉ0    YegarverWbrfsemeruekkihlutabrfatengderugefintmeWsamfelldumogendurtekn `  umhttiaflnastofnunum,i(mCp݌S+! Ќ  ! ! (@P88"m"  mP0  0 2@P  i  .3  Ԉ0v  YarsemandvirWitgfuverWbrfannaersamkvmtlandslgumbundiWeignumsem " veitangjanlegatrygginguframaWgjalddagavegnaskuldbindingasamkvmtverW # brfunum,mP}݌ $vv Ќ  "m"  m80  0ll 2@P  ii  .3  Ԉ0v  YarsemandvirWibrfannaerfyrstogfremsttlaWaWgreiWauppgjaldfallinnhfuW !W% st;logvextieffjrmlafyrirtkiverWur;gjaldfrt,sbr.Y;XII.kaflalagaumfjr J""& mlafyrirtki.m8e݌#'vv Ќ    GefinnskaltviWaukiviWgrunnlUsinguefnauWsynlegtYykir,sbr.kvWi46.gr.ViW #( aukinnskalinnihaldauppfrWarupplUsingarumtgefandannogverWbrfinsemboWineru $ ) almenningieWatlunineraWtakatilviWskiptaskipulegumverWbrfamarkaWi. v%N!*   EfendanlegirskilmlartboWskomaekkiframgrunnlUsingueWaviWaukaviWhanaskulu A&"+ YeirltnirfjrfestumtogskrWirhjFjrmlaeftirlitinuviWhvertalmennttboW.Skal  '", Yettagerteinsflj;ttogauWiWerog,efhgter,WurentboWhefst. '#- Ї  46.gr. ( ViWaukiviWlUsingu.  )  KomiframmikilvgarnUjarupplUsingar,veigamikilmistkeWa;nkvmniervarWa  upplUsingarlUsingu,semmligetaskiptviWmatverWbrfunumogkomafram a tmabilinufrYvaWlUsinginvarstaWfest,sbr.52.gr.,ogYartiltboWilUkureWa,efviW, T, YegarviWskiptiskipulegumverWbrfamarkaWihefjast,skaltbaviWaukaviWlUsinguYar  semgreinterfrviWkomandiatriWum.ViWaukinnskalstaWfesturinnansjvirkradagaog  birtursamahttogupprunalegalUsingin.Einnigskal,efnauWsynkrefur,geraviWaukaviW   samantektinaogYUWinguhennarogskalYartekiWmiWafviWb;tarupplUsingumYeimsem  X framkomaviWaukanum. K #    FjrfestarsemYegarhafasamYykktaWkaupaeWaskrsigfyrirverWbrfumWurenviW    aukinnerbirturskuluhafartttilaWfallafrfyrrgreindusamYykkiaWlgmarkitvovirka    dagafrbirtinguviWaukans.     47.gr. B  GildistmilUsingar,grunnlUsingarogtgefandalUsingar.      LUsingskalveragild12mnuWifropinberribirtinguaWYvervarWaralmennttboW   eWatkutilviWskiptaskipulegumverWbrfamarkaWi,aWYvtilskilduaWviWlUsingunas {  bttYeimviWb;tarupplUsingumsemkrafisterskv.46.gr. nF   EfumeraWrWatboWstlunskalgrunnlUsingsemhefurveriWskrWhjFjrmlaeftir 9 litinuveragildialltaW12mnuWi.    EfumeraWrWaverWbrfsemeruekkihlutabrfatengd,semumgeturbliW6.mgr.45.  gr.,skallUsinginveragildiYartilhtteraWgefatviWkomandiverWbrfsamfellteWameW r endurteknumhtti. e=   BtgefandalUsingafYvtagisemumgetur5.mgr.45.gr.,semWurhefurveriWskrWhj 0 Fjrmlaeftirlitinu,skalveragildialltaW12mnuWi,aWYvtilskilduaWhnhafiveriW  uppfrWsamrmiviWkvWi1.mgr.46.gr.BtgefandalUsingsamtverWbrfalUsingu,  uppfrWsamrmiviW49.gr.,efviW,ogsamantektteljastveragildlUsing. i   48.gr. ' rlegupplUsingagjf.    BtgefendurverWbrfasemtekinhafaveriWtilviWskiptaskipulegumverWbrfamarkaWi  ogerumeW0slandsemheimarkiskulua.m.k.rlegatbaskjalseminniheldureWavsartil `  allraupplUsingasemYeirhafagefiWteWagertaWgengilegaralmenningisWustu12mnuW S+! umEvr;pskaefnahagssvWinuoglndumutanEvr;pskaefnahagssvWisinssamrmi " viWskuldbindingartgefandanssamkvmtlgumogreglumumverWbrf,tgefendurverW # brfaogskipulegaverWbrfamarkaWi.SkjaliWskalsentFjrmlaeftirlitinutilskrningar  $ kjlfarbirtingarrsreiknings.EfvsaWertilupplUsingaskjalinuskaltilgreinahvarhgter !W% aWnlgastYr. J""&   kvWi1.mgr.eigaekkiviWYegarumeraWrWatgefendurverWbrfasemeruekki #' hlutabrfatengd,einingumsemnemaa.m.k.4,2millj.kr. #(   49.gr. v%N!* LUsingsamsettrYremurskjlum. A&"+ t  Btgefandi,semhefurYegarundirhndumtgefandalUsingusemlgbrtyfirvald  '", Evr;pskaefnahagssvWinuhefurstaWfest,YarfeinungisaWsemjaverWbrfalUsinguog '#- samantektYegarverWbrfineruboWinalmennutboWieWatekintilviWskiptaskipulegum ( verWbrfamarkaWi.0YvtilvikiskuluupplUsingarsemaWllujfnuvrugefnartgefanda  lUsingukomaframverWbrfalUsingunniefverulegarbreytingareWanUlegYr;unhefurtt  srstaWsemkynniaWhafahrifmatfjrfestasWansWastauppfrslatgefandalUsingarvar a staWfest,&  eWaviWaukiviWhana,sbr.46.gr.VerWbrfalUsinginogsamantektinskulustaWfestar T, hvorsnulagi.'T    Hafitgefandieinungislagtinn;staWfestatgefandalUsinguskulullggnin,Y.m.t.upp  frWarupplUsingar,verahWstaWfestingu.     50.gr. K #  UndanYgafrgerWlUsinga.      UndanYeginkvWum44.gr.eru:    ! ! (08"i(m"  i(m2  1  .3  Ԉ0    BtboWYarsemeitteWafleirieftirtalinnatilvikaeigaviW:i(m!݌  Ќ  "m"  m0  0 2  a  .3  Ԉ0v  verWbrferueingnguboWinhfumfjrfestum,mI݌wO vv Ќ  "m"  mS0  0xx 2  b  .3  Ԉ0v  verWbrferuboWinfrrien100aWilum,Wrumenhfumfjrfestum,hverjurki B  Evr;pskaefnahagssvWinu,mS݌  vv Ќ  "m"  m0  0 2  c  .3  Ԉ0v  hverfjrfestirreiWirafhendia.m.k.4,2millj.kr.tilkaupaverWbrfunumhverju   tboWi,m݌{ vv Ќ  "m"  mi0  0xx 2  d  .3  Ԉ0v  verWbrfinsemgefineruteruaWnafnverWia.m.k.4,2millj.kr.hvereining,mi݌nFvv Ќ  "m"  m0  0 2  e  .3  Ԉ0v  tlaWheildarsluverWverWbrfannaerundir8,4millj.kr.ogmiWasttreikningurinn 9 YeimmrkumviW12mnaWatmabil.m݌vv Ќ  0  0EfverWbrferumarkaWssettog/eWaseldfyrirmilligngufjrmlafyrirtkisogundan  YgukvWia!eliWarYessatluliWareigaekkiviWskalbirtatboWslUsingu.r "i(m"  i(m2  2  .3  Ԉ0    AlmenntboWverWbrfaafeftirfarandigerWum:i(m݌e= Ќ  "m"  m0  0 2  a  .3  Ԉ0v  hlutirefYeirerugefnirtstaWinnfyrirWurtgefnahlutisamaflokkihafitgfa 0 hinnanUjuhlutaekkifrmeWsrhkkuntgefnuhlutaf,m݌vv Ќ  "m"  mW0  0xx 2  b  .3  Ԉ0v  verWbrfsemboWinerutengslumviWyfirtkuaWYvgefnuaWfyrirliggjandisskjal  semtelstsambrilegtlUsinguaWmatiFjrmlaeftirlitsins,mW݌ivv Ќ  "m"  m0  0 2  c  .3  Ԉ0v  verWbrfsemboWineru,erthlutaWeWaverWurthlutaWtengslumviWsamrunafyrir \4 tkjaaWYvgefnuaWfyrirliggjandisskjalsemtelstsambrilegtlUsinguaWmati ' Fjrmlaeftirlitsins,mF݌vv Ќ  "m"  m)0  0xx 2  d  .3  Ԉ0v  hlutirsemboWnireru,erthlutaWeWaverWurthlutaWtilnverandihluthafanendur  gjaldsogarWgreiWslurformihlutaaWYvgefnuaWhlutirnirsusamaflokkiogYeir `  hlutirsemarWgreiWslurnarstafaaf;skjalskalverafyrirliggjandiYarsemframkoma S+! upplUsingarumfjldaogeWlifyrrgreindrahlutasamtstWumfyrirtboWinuog " upplUsingumumtboWiWsjlft,m)V݌#vv Ќ  "m"  m40  0 2  e  .3  Ԉ0v  verWbrfsemvinnuveitandieWaflagtengthonumbUWur,thlutareWamunthluta  $ nverandieWafyrrverandistarfsmnnumeWastj;rnarmnnumflagannaaWYv !W% gefnuaWverWbrfinsemboWinerususamaflokkiogYauverWbrfsemYegarhafa J""& veriWtekintilviWskiptaskipulegumverWbrfamarkaWi;skjalskalverafyrirliggjandi #' YarsemframkomaupplUsingarumfjldaogeWlifyrrgreindraverWbrfasamt #( stWumfyrirtboWinuogupplUsingumumtboWiWsjlft.m4a݌$ )vv Ќ  "i(m"  i(m2  3  .3  Ԉ0    TakaverWbrfaafeftirfarandigerWumtilviWskipta:i(m݌v%N!* Ќ  "m"  m0  0 2  a  .3  Ԉ0v  hlutirsemnemaminnaen10%affjldahlutasamaflokkssemYegarhefurveriWtek A&"+  inntilviWskiptaskipulegumverWbrfamarkaWi,miWaWviW12mnaWatmabil,m݌ '",vv Ќ  "m"  m0  0xx 2  b  .3  Ԉ0v  hlutirefYeir& a  erugefnirtstaWinnfyrirWurtgefnahlutisamaflokki,semYegar ( hafaveriWteknirtilviWskiptasamaskipulegaverWbrfamarkaWi,hafitgfahinna  nUjuhlutaek'a(kifrmeWsrhkkuntgefnuhlutaf,m݌vv Ќ  "m"  m0  0 2  c  .3  Ԉ0v  &  verWbrfsemboWinerutengslumviWyfirtkuaWYvgefnuaWfyrirliggjandisskjal a semtelstsambrilegtlUsinguaWmatiFjrmlaeftirlitsins,'m=݌T,vv Ќ  "m"  m0  0xx 2  d  .3  Ԉ0v  & a verWbrfsemboWineru,erthlutaWeWaverWurthlutaWtengslumviWsamrunafyrir  tkjaaWYvgefnuaWfyrirliggjandisskjalsemtelstsambrilegtlUsinguaWmati  Fjrmlaeftirlitsins,'am݌ vv Ќ  "m"  m 0  0 2  e  .3  Ԉ0v  hlutirsemboWnireru,erthlutaWeWaverWurthlutaWtilnverandihluthafanendur  X gjaldsogarWgreiWslurformihlutaaWYvgefnuaWhlutirnirsusamaflokkiogYeir K #  hlutirsemarWgreiWslurnarstafaafogteknirhafaveriWtilviWskiptasamaskipulega    verWbrfamarkaWi;skjalskalverafyrirliggjandiYarsemframkomaupplUsingarum    fjldaogeWlifyrrgreindrahlutasamtstWumfyrirtboWinuogupplUsingumum   tboWiWsjlft,m M݌wO vv Ќ  "m"  m0  0 2  f  .3  Ԉ0v  verWbrfsemvinnuveitandieWaflagtengthonumbUWur,thlutareWamunthluta B  nverandieWafyrrverandistarfsmnnumeWastj;rnarmnnumflagannaaWYv    gefnuaWverWbrfinsemboWinerususamaflokkiogYauverWbrfsemYegarhafa   veriWtekintilviWskiptaskipulegumverWbrfamarkaWi;skjalskalverafyrirliggjandi {  meWupplUsingumumfjldaogeWliverWbrfannasamtstWumfyrirtboWinuog nF upplUsingumumYaW,m݌9vv Ќ  "m"  m0  0xx 2  g  .3  Ԉ0v  hlutirsemgefnirerutviWskiptingubreytanlegumeWaskiptanlegumverWbrfum  eWavegnanUtingarskriftarrttindaWrumverWbrfumaWYvgefnuaWhlutirnir  susamaflokkiogteknirtilviWskiptasamaskipulegaverWbrfamarkaWiogWur r tgefnirhlutir,m)݌e=vv Ќ  "m"  mo0  0xx 2  h  .3  Ԉ0v  verWbrfsemYegarhafaveriWtekintilviWskiptaWrumskipulegumverWbrfamark 0 aWioguppfyllaeftirfarandiskilyrWi:mo݌vv Ќ  "o`"  o`0  000v b2  i  .3  Ԉ0vv  verWbrfineWaverWbrfsamaflokkihafaveriWtekintilviWskiptaaWminnsta  kosti18mnuWiviWkomandiskipulegumverWbrfamarkaWi,o`G݌i Ќ  "o`"  o`0  000v b2  ii  .3  Ԉ0vv  YegarumeraWrWaverWbrfsemfyrsterutekintilviWskiptaskipulegum \4 verWbrfamarkaWieftirgildistkuYessaralagaskuluverWbrfinhafaveriWtekin ' tilviWskiptaviWkomandiskipulegumverWbrfamarkaWigrundvelli  staWfestrarlUsingarsembirthefurveriWsamrmiviWsambrilegarreglurog  erulgumYessumogreglugerW,sbr.54.gr.o`0݌`  Ќ  "o`"  o`0  000v b2  iii  .3  Ԉ0vv  Yegarii.liWurekkiviWenverWbrfhafaveriWtekintilviWskiptaeftir30.jn S+! 1983skalstaWfestskrningarlUsinghafalegiWfyrirsamrmiviWYgildandi " reglur,o`J݌# Ќ  "o`"  o`>0  000v b2  iv  .3  Ԉ0vv  viWvarandiskyldumfyrirviWskiptummeWbrfinviWkomandiskipulegum  $ verWbrfamarkaWihefurveriWfullngt,o`>k݌!W% Ќ  "o`"  o`0  000v b2  v  .3  Ԉ0vv  aWilisem;skareftirtkuverWbrfatilviWskiptaskipulegumverWbrfamark J""& aWi,samkvmtYessariundanYgu,gerirgripsemeraWgengilegtalmenningi,o`/݌#' Ќ  "o`"  o`0  000v b2  vi  .3  Ԉ0vv  gripiWsemvsaWertilv.liWergertaWgengilegtalmenningimeWYeimhtti #( semlUsterreglugerWumlUsingar,o`%݌$ ) Ќ  "o`"  o`0  000vtt b2  vii  .3  Ԉ0vv  gripiWuppfyllirtilskilinskilyrWiumefnioginnihaldsamantektarsamkvmt v%N!* lgumYessumogkvWumreglugerWarumlUsingar;gripinuskalennfremur A&"+  komaframhvarhgteraWnlgastnUjustulUsinguvegnaverWbrfannaogfjr  '", hagsupplUsingar&   YrsemtgefandihefurbirtsamrmiviWviWvarandiupp ( lUsingaskyldu.'( o`݌ Ќ    & , 51.gr. a Slutrygging. T,    MeWslutrygginguerttviWsamningmillifjrmlafyrirtkisogtgefandaeWaeiganda  verWbrfaYarsemfjrmlafyrirtkiW', skuldbindursigtilYessaWkaupa,innantiltekinstma  marksog&  fyrirframkveWnuverWi,YannhlutaverWbrfasemskriftnstekkifyriral   mennutboWi.' u   X   NtekurfjrmlafyrirtkiaWsrslutryggingutengslumviWalmennttboWogskalY K #  litiWsvoaWYaWbyrgisteinungisaWfullngjandiskriftfisttilaWtboWiWtakist,nema    umannaWssrstaklegasamiW.      52.gr. wO  Umsj;nmeWalmennutboWiogstaWfestingulUsingum. B  t  FjrmlafyrirtkisemtilYesshefurheimildsamkvmtstarfsleyfisnuskalhafaumsj;n    meWalmennutboWiverWbrfaogtkutilviWskiptaskipulegumverWbrfamarkaWi.     FjrmlaeftirlitiWskalhafaumsj;nmeWstaWfestingulUsingum.FjrmlaeftirlitiWgetur {  meWsamningifaliWskipulegumverWbrfamrkuWumaWannaststaWfestingulUsingum,sbr. nF 138.gr.0samningiYessumskalkomaframhvaWaverkefnierufalinskipulegumverWbrfa 9 markaWiogskilyrWiviWframkvmdYeirra.    X;knunfyrirstaWfestingulUsingumskalkveWinafFjrmlaeftirlitinueWaviWkomandi  skipulegumverWbrfamarkaWiskv.2.mgr. r   53.gr. 0 Hfirfjrfestar.    FjrmlaeftirlitiWskalhaldaskryfirYeinstaklingaogYaulitluogmeWalst;rufyrirtki  semYaWhefurviWurkenntsemhfafjrfesta,sbr.fliW9.tlul.43.gr.SkrinskalveraaW i gengilegtgefendumverWbrfa. \4   EinstaklingumoglitlumogmeWalst;rumfyrirtkjumsemskrWerusemhfirfjrfestar ' hjFjrmlaeftirlitinuerhvenrsemerheimiltaWltatakasigafskrnni.    EinstaklingarogltilogmeWalst;rfyrirtkisemeruskrsemhfirfjrfestarhjlg  brumyfirvldumEvr;pskaefnahagssvWinuteljasteinnighfirfjrfestar0slandi. `    54.gr. " ReglugerW. # (  RWherraskalsetjareglugerWumnnariframkvmdYessakafla.0henniskulum.a.koma  $ framkvWium: !W% ! ! (U80"i(m"  i(m2U  1  .3  Ԉ0    nnariskilgreininguhfumfjrfestum,i(m݌J""& Ќ  "i(m"  i(m2U  2  .3  Ԉ0    skyldueigendahlutabrfatilaWveitakauphllupplUsingar,svooghvenrveitamegi #' undanYgurfrupplUsingaskyldunni,i(m݌#( Ќ  "i(m"  i(mN2U  3  .3  Ԉ0    tboWogtkuverWbrfatilviWskiptaYarsemverWurkveWiWumaWdragandaaWlUsingu,i(mN{݌$ ) Ќ  "i(m"  i(m2U  4  .3  Ԉ0    tboWstmabil,i(m݌v%N!* Ќ  "i(m"  i(m2U  5  .3  Ԉ0    efniogupplUsingarsemframeigaaWkomalUsingu,i(m݌A&"+ Ќ  "i(m"  i(m2U  6  .3  Ԉ0    upplUsingarsemfelldareruinnlUsingumeWtilvsun,i(m݌ '", Ќ  "i(m"  i(m2U  7  .3  Ԉ0    staWfestingulUsingar,i(m݌'#- Ќ  "i(m"  i(m 2U  8  .3  Ԉ0    tilhgunviWbirtingulUsingar,i(m  ݌( Ќ  "i(m"  i(m!2U  9  .3  Ԉ0    viWvarandiupplUsingaskyldu,i(m!!݌ Ќ  "i(m "  i(m"222U  10  .3  Ԉ0    &  heimildirFjrmlaeftirlitsinstilaWveitaundanYgurfrbirtingutiltekinnaupplUsinga  lUsingueWabirtingulUsingarheild,'R#i(m""݌a Ќ  "i(m "  i(m\$222U  11  .3  Ԉ0    auglUsingartboWumogtkuverWbrfatilviWskipta,i(m\$$݌T, Ќ  "i(m "  i(m{%222U  12  .3  Ԉ0    viWaukaogstaWfestingulUsingar,i(m{%%݌ Ќ  "i(m "  i(m&222U  13  .3  Ԉ0    tungumlsemnotuWerulUsingum,i(m&&݌ Ќ  "i(m "  i(m'222U  14  .3  Ԉ0    skilgreininguheimarkisamkvmtYessumkafla,i(m''݌  Ќ  "i(m"  i(m(222U  15  .3  Ԉ0    tboWverWbrfaYeimtilvikumYegarverWmtiYeirraerbilinu8,4til210millj.kr.i(m((݌ X Ќ    AWWruleytierrWherraheimiltaWsetjakvWireglugerWsemsamrmastkvWum K #  tilskipunar2003/71/EBEumtboWs-ogskrningarlUsingarogundirgerWhennar.      VII.KAFLI    ReglulegarupplUsingartgefanda.  wO  55.gr. B  GildissviW.    *  kvWikaflaYessagildaumtgefendurverWbrfa,semtekinhafaveriWtilviWskipta   skipulegumverWbrfamarkaWi,meW0slandsemheimarki,skv.3.gr. {    BtgefandiverWbrfa,semtekinhafaveriWtilviWskiptaskipulegumverWbrfamarkaWi nF 0slandi,meWheimarkiWrurkiEvr;pskaefnahagssvWinuen0slandi,skalveitahliW 9 stWarreglulegarupplUsingarogkafliYessimlirfyrirumsamrmiviWbindandiopinber  fyrirmliheimarkissns.    56.gr. e= UndanYgur. 0 <.  kvWikaflaYessagildaekkiumrkiEvr;pskaefnahagssvWinu,sveitarflgeWasam  brilegsvWis-eWastaWaryfirvldEvr;pskaefnahagssvWinu,opinberaalYj;WlegaaWila  sema.m.k.eittrkiinnanEvr;pskaefnahagssvWisinsaWildaW,seWlabankaEvr;pska i efnahagssvWinueWaSeWlabankaEvr;pu. \4   kvWikaflaYessagildaekkiumtgefandaskuldabrfaefeingnguskuldabrfhanshafa ' veriWtekintilviWskiptaskipulegumverWbrfamarkaWiognafnverWeiningaskuldabrfanna  eraWminnstakostijafngilt4,6millj.kr.FjrhWirsamkvmtYessarimlsgreinerugrunn  fjrhWirsemerubundnargengievru(EUR)3.janar2007(92,37). `    kvWikaflaYessagildaekkiumverWbrfasj;WieWafjrfestingarsj;Wisamkvmtlgum S+! umverWbrfasj;Wiogfjrfestingarsj;Wi,YegarumeraWrWahlutdeildarskrteini. "   kvWikaflaYessagildaekkiumtgefendurvegnapeningamarkaWsskjalameWbinditma # semerskemmrien12mnuWir.  $   kvWi58.gr.gildirekkiumtgefandasemvarYegarskipulegumverWbrfamarkaWi !W% 31.desember2003ogsemeingngugefurtskuldabrf,semheimarkitgefandanseWaeitt J""& afsvWis-eWastaWaryfirvldumYessrkisbyrgistskilyrWislaustog;afturkallanlega. #'   57.gr. $ ) rsreikningur. v%N!* 5  BtgefandiverWbrfaskalbirtaopinberlegarsreikning,eWasamstWureikningefviW, A&"+  einsflj;ttogauWiWereftirlokreikningsrsinsogeigisWarenfj;rummnuWumfrlokum  '", Yess.Btgefandaber&   aWtryggjaaWrsreikningur,eWasamstWureikningurefviW,saW ( gengileguralmennin'(7giaWminnstakostifimmr.    & , 58.gr. a rshlutareikningurvegnafyrstusexmnaWareikningsrsins. T, 7  Btgefandihlutabrfaog/eWaskuldabrfaskalbirtaopinberlegarshlutareikningvegna  fyrstusexmnaWareikningsrsins,',8eWasamstWureikningvegnafyrstusexmnaWa  reikningsrsinsefviW,einsflj;ttogauWiWereftirlokYesstmabils,Y;eigisWarentveimur   mnuWumfrlokumYess.BtgefandaberaWtryggjaaWrshlutareikningurinn,eWasamstWu  X reikningurinnefviW,saWgengileguralmenningiaWminnstakostifimmr. K #    59.gr.    GreinargerWfrstj;rn.   ;  BtgefandihlutabrfaskalfyrstusexmnuWumreikningsrsinsogaftursWarisexmn wO  uWumreikningsrsinsbirtaopinberlegagreinargerWfrstj;rntgefandans.GreinargerWfr B  stj;rnskalfelasrskUringumikilvgumatburWumogviWskiptumsemtthafasrstaW    viWkomanditmabilioglUsinguhrifumYeirrafjrhagsstWutgefanda,ogd;tturflaga   hansefviW,aukalmennrarlUsingarfjrhagsstWuogrekstrarafkomutgefanda,ogd;ttur {  flagahansefviW,viWkomanditmabili. nF   GreinargerWinaskalbirtatmabilinufrtuvikumeftiraWviWkomandisexmnaWatma 9 bilhefstYangaWtilsexvikumWurenYvlUkurogskalefnihennarnyfirtmabiliWfrupp  hafiviWkomandisexmnaWatmabilsframtilbirtingardagsgreinargerWarinnar.    Btgefanda,semgrundvellilaga,reglnaskipulegsverWbrfamarkaWareWaaWeiginfrum r kvWibirtirrshlutareikningvegnafyrstuYriggjaogfyrstunumnaWareikningsrsins,eWa e= samstWureikningavegnasmutmabilaefviW,samrmiviWkvWilagaumrsreikn 0 inga,erekkiskyltaWbirtagreinargerWfrstj;rntgefandans.    60.gr. i Efnirsreikningsogrshlutareiknings. \4 A  BtgefendurverWbrfameWskrWaskrifstofu0slandiskulusemjarsreikning,eWasam ' stWureikningefviW,ogrshlutareikningvegnafyrstusexmnaWareikningsrsins,eWa  samstWureikningvegnafyrstusexmnaWareikningsrsinsefviW,samrmiviWlgum  rsreikninga. `    61.gr. " BtgefandimeWskrWaskrifstofurkiutanEvr;pskaefnahagssvWisins. # C  BtgefandameWskrWaskrifstofurkiutanEvr;pskaefnahagssvWisinserheimiltaW  $ semjarsreikning,eWasamstWureikningefviW,rshlutareikningvegnafyrstusexmnaWa !W% reikningsrsins,eWasamstWureikningvegnafyrstusexmnaWareikningsrsinsefviW,og J""& greinargerWfrstj;rnsamkvmtbindandiopinberumfyrirmlumYvrkiYarsemhanner #' meWskrWaskrifstofueffyrirmlineruhliWstWkvWumlagaumrsreikninga.Btgefanda #( erjafnframtheimiltaWfylgjabindandiopinberumfyrirmlumYvrkiYarsemhannermeW $ ) skrWaskrifstofuumrshlutareikningfyrirfyrstuYrjogfyrstunumnuWireikningsrsins, v%N!* eWasamstWureikningavegnasmutmabilaefviW,effyrirmlineruhliWstWslenskum A&"+ reglumumsamsvarandirshlutareikningasemgildamundugagnvarthonumvritgef  '", andinnmeWskrWaskrifstofu0slandi. '#-   EfbindandiopinberfyrirmlirkisYarsemtgefandiermeWskrWaskrifstofueruekki ( hliWstWkvWumlagaumrsreikningaskaltgefandisemjarsreikning,eWasamstWu  reikningefviW,rshlutareikningvegnafyrstusexmnaWareikningsrsins,eWasamstWu  reikningvegnafyrstusexmnaWareikningsrsinsefviW,oggreinargerWfrstj;rnmeW a samahttioghliWstWirtgefendurmeWskrWaskrifstofu0slandi. T,   rsreikningaskrmeturhvortkrfursamkvmtkvWumrkisutanEvr;pskaefnahags  svWisinseruhliWstWarkvWumlagaumrsreikninga.    62.gr.  X OpinberbirtingogbyrgW. K #  /L  BtgefandiskalbirtaalmenningiEvr;pskaefnahagssvWinuupplUsingarsamkvmt    kaflaYessumeinsflj;ttogauWiWerogjafnrWisgrundvelli.SamhliWaopinberribirtingu    skaltgefandinnsendaupplUsingarnartilFjrmlaeftirlitsins.     FjrmlaeftirlitinuerheimiltaWbirtaupplUsingarsemgerWarhafaveriWopinberar wO  heimasWusinni. B    byrgWYvaWupplUsingarskv.57.!59.gr.suteknarsamanoggerWaropinberarhvlir    tgefanda.     63.gr. nF MiWlgvarWveisla. 9 RO  BtgefandiskalsendaallarupplUsingarsembirtareruopinberlegasamkvmtkaflaYessum  samhliWatilFjrmlaeftirlitsins,eWaaWilasemFjrmlaeftirlitiWtilnefnir,tilmiWlgrar  varWveislu,sbr.136.gr.lagaYessara. r   64.gr. 0 Tunguml.  Q  EfverWbrftgefandahafaeinungisveriWtekintilviWskiptaskipulegumverWbrfa  markaWi0slandiskaltgefandibirtaupplUsingarsamkvmtkaflaYessumslenskueWa i WruYvtungumlisemFjrmlaeftirlitiWsamYykkir. \4   EfverWbrftgefandahafaveriWtekintilviWskiptaskipulegumverWbrfamarkaWi0s ' landiogeinueWafleiriaWildarrkjumEvr;pskaefnahagssvWisinsskaltgefandibirtaupp  lUsingarsamkvmtkaflaYessumslensku,eWaWruYvtungumlisemFjrmlaeftirlitiW  samYykkir,ogannaWhvortenskueWaWruYvtungumlisemlgbrstj;rnvldgisti `  rkjannasamYykkja,aWvalitgefanda. S+!   EfverWbrftgefandahafaveriWtekintilviWskiptaskipulegumverWbrfamarkaWieinu " eWafleirurkiEvr;pskaefnahagssvWinuenekki0slandiskaltgefandibirtaupplUsingar # samkvmtkaflaYessumenskueWaWruYvtungumlisemlgbrstj;rnvldgistirkjanna  $ samYykkja,aWvalitgefanda.EfFjrmlaeftirlitiW;skareftirYvskaltgefandijafnframt !W% birtaupplUsingarnarenskueWaWruYvtungumlisemFjrmlaeftirlitiWsamYykkir,aW J""& valitgefanda. #'   EfverWbrftgefandaerutekintilviWskiptaskipulegumverWbrfamarkaWinsamYykkis #( tgefandahvlaskyldur1.!3.mgr.ekkitgefandaheldurYeimaWilasem;skaWhefureftir $ ) tkubrfannatilviWskiptansamYykkistgefanda. v%N!*   A&"+   & ,  65.gr. ( ReglugerW.  Y  RWherraerheimiltaWsetjannarikvWivegnakaflaYessareglugerW,YarmeWalum  meWhvaWahttirsreikningurogrshlutareikningur',($YskuluveraaWgengilegiralmenningi,sbr. a 57.og58.gr.,hvaWakrfursamkvmtkvWumrkisutanEvr;pskaefnahagssvWisinseru T, hliWstWarkvWumlagaumrsreikninga,sbr.61.gr.ogumframkvmdopinberrar  birtingar,sbr.62.gr.    VIII.KAFLI  X  AWrarskyldurtgefandaumveitinguupplUsinga.  K #  66.gr.    GildissviW.    [  kvWikaflaYessagildaumtgefendurverWbrfa,semtekinhafaveriWtilviWskipta   skipulegumverWbrfamarkaWi,meW0slandsemheimarkiskv.3.gr. wO    BtgefandiverWbrfa,semtekinhafaveriWtilviWskiptaskipulegumverWbrfamarkaWi B  0slandi,meWheimarkiWrurkiEvr;pskaefnahagssvWinuen0slandi,skalveitahliW    stWarupplUsingarogkafliYessimlirfyrirumsamrmiviWbindandiopinberfyrirmli   heimarkissns. {    67.gr. 9 UndanYgur.  *_  kvWikaflaYessagildaekkiumverWbrfasj;WieWafjrfestingarsj;Wisamkvmtlgum  umverWbrfasj;Wiogfjrfestingarsj;WiYegarumeraWrWahlutdeildarskrteini. r   kvWikaflaYessagildaekkiumtgefendurvegnapeningamarkaWsskjalameWbinditma e= semerskemmrien12mnuWir. 0   68.gr.  ViWb;tarupplUsingar. i Va  BtgefandiverWbrfaskalntafareftirtgfunUrralnabirtaopinberlegatgfurnarog \4 skalgetasrstaklegaumbyrgWireWatryggingarvegnaYeirra.kvWi1.mlsl.gildirY; ' ekkiumrkiEvr;pskaefnahagssvWinu,sveitarflgeWasambrilegsvWis-eWastaWar  yfirvldEvr;pskaefnahagssvWinueWaopinberaalYj;WlegaaWilaYarsema.m.k.eittrki  innanEvr;pskaefnahagssvWisinsaWild. `    BtgefandiverWbrfa,annarraenhlutabrfasemtekinhafaveriWtilviWskiptaskipulegum S+! verWbrfamarkaWi,skalntafarbirtaopinberlegaupplUsingarumallarbreytingarrttindum " handhafaverWbrfannaannarraenhlutabrfa,YarmeWalbreytingarskilmlumogskilyrW # umverWbrfanna,srstaklegaYrsemstafaafbreytingumlnaskilmlumeWavxtum,sem  $ gtuhaft;beinhrifrttindin. !W%   BtgefandihlutabrfaskalntafarbirtaopinberlegaupplUsingarumallarbreytingar J""& rttindumsemfylgjamismunandiflokkumhlutabrfa,YarmeWalbreytingarrttindum #' semfylgjaafleiddumverWbrfumsemtgefandinngefurtsjlfurogveitartttilaWafla #( hlutahonum. $ )   byrgWYvaWupplUsingarskv.1.!3.mgr.suteknarsamanoggerWaropinberarhvlir v%N!* tgefanda. A&"+    '",   69.& ,  gr. ( BreytingarstofnsamningieWasamYykktum.  h  BtgefandiverWbrfasemhyggstgerabreytingarstofnsamningisnumeWasamYykktum  skalsendadrgaWbreytingunumtilFjrmlae',(hftirlitsinsogskipulegsverWbrfamarkaWarYar a semverWbrfhanshafaveriWtekintilviWskipta.DrginskulusendntafareneigisWaren T, Yann&  dagsemboWaWertilfundarYarsemgreiWaskalatkvWiumbreytingarnareWakynna  Yr.'jԀ    70.gr.  X Hlutabrf. K #  k  BtgefandihlutabrfaskaltryggjajafnrWiallraeigendahlutasmustWu.      BtgefandihlutabrfaskalekkistandavegifyrirYvaWeigendurhlutaneytirttindasinna    meWYvaWveitaWrumumboW.kvWi1.mlsl.gildirY;ekkieftgefandihlutabrfaer   meWskrWaskrifstofuWrurkien0slandinemabindandiopinberfyrirmliYessrkis wO  heimilinotkunumboWs. B    BtgefandihlutabrfaskaltryggjaaWallarupplUsingarsemeigendumhlutaerunauWsyn    legartilaWgetaneyttrttindasinnasuaWgengilegarheimarkitgefandansogaWreiWan   leikiupplUsingannastryggWur.Btgefandihlutabrfaskaleinkum: {  ! ! (e88"i(m"  i(mp2e  1  .3  Ԉ0    veitaupplUsingarumstaWsetningu,tmaogdagskrfundasamtupplUsingumum nF heildarfjldahlutaogatkvWisrtt,ogrtteigendahlutatilaWtakaYttfundum,i(mpEp݌9 Ќ  "i(m"  i(mq2e  2  .3  Ԉ0    geraumboWseyWublaWaWgengilegtpappreWameWrafrnumhttifyrirhvernYann  aWilasemrttaWgreiWaatkvWifundinum,annaWhvorttengslumviWauglUsingu  fundarinseWasamkvmtbeiWnieftiraWfundurinnhefurveriWauglUstur,i(mqq݌r Ќ  "i(m"  i(ms2e  3  .3  Ԉ0    tilnefnafjrmlafyrirtki,eWafyrirtkitengtfjrmlasviWi,semumboWsmannsinntil e= aWhafamillignguumaWeigendurhlutagetineyttfjrhagslegrartttindasinnatgef 0 andanum,ogi(mst݌ Ќ  "i(m"  i(mu2e  4  .3  Ԉ0    veitaupplUsingar,svosemmeWdreifibrfieWaauglUsingu,umthlutunoggreiWsluarWs  ogtgfunUrrahluta,Y.m.t.upplUsingarumfyrirkomulagthlutunar,skriftar,aftur i kllunareWabreytirttar.i(muu݌\4 Ќ    71.gr.  Skuldabrf.  w  SkuldabrfmerkirYessarigreinskuldaviWurkenningu,eWaskuldsamkvmtannarskonar `  verWbrfum,aWundanskildumannarsvegarverWbrfumsemjafnamtilhlutabrfaflgum S+! eWasemgetaafsrrtttilaWaflahlutaeWaverWbrfasemjafnamtilhlutabrfa,efYeimer " umbreytteWaefrttindumsamkvmtYeimerbeitt,oghinsvegarpeningamarkaWsskjlum # meWbinditmasemerskemmrien12mnuWir.  $   BtgefandiskuldabrfaskaltryggjaaWallirhandhafarskuldabrfasemmetinerujafngild !W% nj;tismumeWferWarvarWandisrhverrttindierfylgjaskuldabrfunum. J""&   BtgefandiskuldabrfaskalekkistandavegifyrirYvaWhandhafarskuldabrfannaneyti #' rttindasinnameWYvaWveitaWrumumboW.kvWi1.mlsl.gildirY;ekkieftgefandi #( skuldabrfannaermeWskrWaskrifstofuWrurkien0slandinemabindandiopinber $ ) fyrirmliYessrkisheimilinotkunumboWs. v%N!*   EftgefandiskuldabrfakveWuraWhaldafundmeWhandhfumskuldabrfannaskalhann A&"+ veitaYeimupplUsingar,svosemmeWauglUsingueWadreifibrfi,umstaWsetningu,tmaog  '", dagskrfundarinssamtupplUsingumumhvaWakrfumhandhafarnirskulifullngjatilaW '#- megatakaYttfundinum.EnnfremurskaltgefandigeraumboWseyWublaWaWgengilegt ( pappreWameWrafrnumhttifyrirhvernYannaWilasemrttaWgreiWaatkvWifund  inumannaWhvorttengslumviWauglUsingufundarinseWasamkvmtbeiWnieftiraWfundur  innhefurveriWauglUstur. a   & a Btgefandiskuldabrfaskal,svosemmeWauglUsingueWadreifibrfi,upplUsahandhafa T, skuldabrfaumgreiWsluvaxta,umframkvmdhverskonarbreytirttar,skipta,skriftareWa  afturkllunarrttindumoggreiWslu.'aT"    Btgefandiskuldabrfaskaltilnefnafjrmlafyrirtki,eWafyrirtkitengtfjrmlasviWi,   semumboWsmannsinntilaWhafamillignguumaWhandhafarskuldabrfagetineyttfjr  X hagslegrarttindasamkvmtskuldabrfunum. K #    kvWiYessarargreinartakaekkitilskuldabrfasemgefinerutafrkiEvr;pskaefna    hagssvWinu,sveitarflagieWasambrilegusvWis-eWastaWaryfirvaldiEvr;pskaefna    hagssvWinu.     72.gr. B  BtgefandimeWskrWaskrifstofurkiutanEvr;pskaefnahagssvWisins.    փ  BtgefandahlutabrfameWskrWaskrifstofurkiutanEvr;pskaefnahagssvWisinserekki   skyltaWfylgjakvWum70.gr.efhannuppfyllirkrfurbindandiopinberrafyrirmlaYv {  rkiYarsemhannermeWskrWaskrifstofuogfyrirmlineruhliWstW70.gr. nF   BtgefandaskuldabrfameWskrWaskrifstofurkiutanEvr;pskaefnahagssvWisinser 9 ekkiskyltaWfylgjakvWum71.gr.efhannuppfyllirkrfurbindandiopinberrafyrirmla  YvrkiYarsemhannermeWskrWaskrifstofuogfyrirmlineruhliWstW71.gr.    FjrmlaeftirlitiWmeturhvortkrfursamkvmtbindandiopinberumfyrirmlumrkis r utanEvr;pskaefnahagssvWisinseruhliWstWar70.og71.gr. e=   73.gr.  Opinberbirting.  ;  BtgefandiverWbrfaskalbirtaalmenningiEvr;pskaefnahagssvWinuupplUsingarsam i kvmtkaflaYessumeinsflj;ttogauWiWerogjafnrWisgrundvelli.SamhliWaopinberribirt \4 inguskaltgefandisendaupplUsingarnartilFjrmlaeftirlitsins. '   FjrmlaeftirlitinuerheimiltaWbirtaupplUsingarsemgerWarhafaveriWopinberar  heimasWusinni.    74.gr. S+! MiWlgvarWveisla. "   BtgefandiverWbrfaskalsendaallarupplUsingarsembirtareruopinberlegasamkvmt # kaflaYessumtilFjrmlaeftirlitsins,eWaaWilasemFjrmlaeftirlitiWtilnefnir,tilmiWlgrar  $ varWveislu,sbr.136.gr. !W%   75.gr. #' Tunguml. #( O  EfverWbrftgefandahafaeinungisveriWtekintilviWskiptaskipulegumverWbrfa $ ) markaWi0slandiskaltgefandibirtaupplUsingarsamkvmtkaflaYessumslenskueWa v%N!* WruYvtungumlisemFjrmlaeftirlitiWsamYykkir. A&"+   EfverWbrftgefandahafaveriWtekintilviWskiptaskipulegumverWbrfamarkaWi0s  '", landiogeinueWafleiriaWildarrkjumEvr;pskaefnahagssvWisinsskaltgefandibirtaupp '#- lUsingarsamkvmtkaflaYessumslensku,eWaWruYvtungumlisemFjrmlaeftirlitiW ( samYykkir,ogannaWhvortenskueWaWruYvtungumlisemlgbrstj;rnvldgistirkj  annasamYykkja,aWvalitgefanda.    &  EfverWbrftgefandahafaveriWtekintilviWskiptaskipulegumverWbrfamarkaWieinu a eWafleirugistirkienekki0slandi'QskaltgefandibirtaupplUsingarsamkvmtkaflaYessum T, enskueWaWruYvtungumlisemlgbrstj;rnvldgistirkjannasamYykkja,aWvalitgef  anda.EfFjrmlaeftirlitiW;skareftirYvskaltgefandijafnframtbirtaupplUsingarnar  enskueWaWruYvtungumlisemFjrmlaeftirlitiWsamYykkir,aWvalitgefanda.     EfverWbrftgefandaerutekintilviWskiptaskipulegumverWbrfamarkaWinsamYykkis  X tgefandahvlaskyldur1.!3.mgr.ekkitgefandaheldurYeimaWilasem;skaWhefureftir K #  tkubrfannatilviWskiptansamYykkistgefanda.      EfnafnverWeiningaverWbrfavara.m.k.jafngilt4,6millj.kr.YegarYauvorutekintil    viWskiptaskipulegumverWbrfamarkaWi,eWatilvikiskuldabrfaefnafnverWeiningaYeirra   varaWminnstakostijafngilt4,6millj.kr.tgfudegibrfanna,ertgefanda,Yrttfyrir wO  kvWi1.!4.mgr.,heimiltaWbirtaupplUsingarsamkvmtkaflaYessumenskueWaWru B  Yvtungumlisemlgbrstj;rnvldheimarkisoggistirkjasamYykkja,aWvalitgefanda    eWaYessaWilasem;skaWhefureftirtkubrfannatilviWskiptansamYykkistgefanda.   FjrhWirsamkvmtYessarimlsgreinerugrunnfjrhWirsemerubundnargengievru {  (EUR)3.janar2007(92,37). nF   76.gr.  ReglugerW.  ޗ  RWherraerheimiltaWsetjannarikvWivegnakaflaYessareglugerW,YarmeWalum r fjrmlastofnanirsemhafamillignguumaWeigendurhlutaeWahandhafarskuldabrfageti e= neyttfjrhagslegrarttindasinnatgefanda,sbr.70.gr.og71.gr.,umundanYguheimildir 0 72.gr.ogumopinberabirtingu,sbr.73.gr.    IX.KAFLI i  BreytingverulegumhlutatkvWisrttar(flggun).  \4 77.gr. ' GildissviW.    kvWikaflaYessagildaumhlutihlutaflgummeWskrWaskrifstofu0slandisemgefa  thlutabrfsemtekinhafaveriWtilviWskiptaskipulegumverWbrfamarkaWi. `    kvWikaflaYessagildaeinnigumhlutitgefendummeWskrWaskrifstofurkiutan S+! Evr;pskaefnahagssvWisinssemgefathlutabrfsemtekinhafaveriWtilviWskiptaskipu " legumverWbrfamarkaWirkiEvr;pskaefnahagssvWinu,efviWkomanditgefandaber # skyldatilaWsendarlegaskUrsluvegnahlutabrfannatilFjrmlaeftirlitsinsskv.48.gr.laga  $ Yessara. !W%   EfhlutabrftgefandameWskrWaskrifstofurkiEvr;pskaefnahagssvWinuWruen J""& 0slandihafaveriWtekintilviWskiptaskipulegumverWbrfamarkaWi0slandiskalveitahliW #' stWarupplUsingarumhlutinaogkafliYessimlirfyrirumsamrmiviWbindandiopinber #( fyrirmliheimarkistgefanda. $ )   v%N!*   78.& ,  gr. ( Flggunarskylda.    Eigandi,semaflareWarWstafarhlutumtgefandahlutabrfasemtekinhafaveriWtil  viWskiptaskipulegumverWbrfamarkaWi,sk',(џalsendameWsannanlegumhttitilkynningu a tilviWkomanditgefandaogFjrmlaeftirlitsinsefflunineWarWstfuninleiWirafsraW T, atkvWisrtturhansnr,hkkaryfireWalkkarniWurfyrireitthverteftirtalinnamarka:5,  10,15,20,25,30,35,40,&  50,662r r  3og90%.MeWeigandaerttviWsrhverneinstaklingeWa  lgaWila,semferbeinteWa;beintmeW:']   ! ! (u88"i(m"  i(mS2u  1  .3  Ԉ0    hlutitgefandaeiginnafniogfyrireiginreikning,i(mS݌ X Ќ  "i(m"  i(mg2u  2  .3  Ԉ0    hlutitgefandaeiginnafnienfyrirhndannarseinstaklingseWalgaWila,eWai(mg݌K #  Ќ  "i(m"  i(m2u  3  .3  Ԉ0    heimildarskrteini,enYeimtilvikumtelsthandhafiheimildarskrteinisinseigandiYeirra    hlutasemheimildarskrteiniWstendurfyrir.i(m̦݌   Ќ    EftgefandihkkareWalkkarhlutafsitt,fjlgareWafkkaratkvWumeWabreytingar   verWaskiptinguatkvWisrttarsemleiWatilYessaWatkvWisrttureigandanr,hkkaryfir wO  eWalkkarniWurfyrireitthvertYeirramarkasemtalineruupp1.mgr.skaleigandinnsenda B  tilkynningutilviWkomanditgefandaogFjrmlaeftirlitsins.      AtkvWisrtturskv.1.mgr.skalreiknaWurtgrundvelliallrahlutasematkvWisrttur   fylgir,jafnvelY;ttnUtinghansfalliniWur.EinnigskalatkvWisrtturreiknaWurtgrund {  velliallrahlutasamaflokkisematkvWisrtturfylgir,jafnvelY;ttnUtinghansfalliniWur. nF   79.gr.  FlggunarskyldaviWsrstakaraWstWur.    Flggunarskyldaskv.78.gr.gildireinnigumaWilasvofremiaWhanneigirttaWafla r atkvWisrttar,rWstafaatkvWisrttieWaneytaatkvWisrttarsem: e= ! ! (88"i(m"  i(m2  1  .3  Ԉ0    YriWjiaWilifermeWogviWkomandiaWilihefurgertsamkomulagviWhannsemskyldar 0 YtilaWtakaupp,meWsamrmdribeitinguatkvWisrttarsns,varanlegaogsameigin  legastefnuumstj;rnhlutaWeiganditgefanda,i(mŭ݌ Ќ  "i(m"  i(m2  2  .3  Ԉ0    YriWjiaWilifertmabundiWmeWgrundvellisamkomulagsviWviWkomandiaWila,i(mʯ݌i Ќ  "i(m"  i(m߰2  3  .3  Ԉ0    fylgirhlutumsemviWkomandiaWilihefurtekiWaWveWieWafengiWsemtryggingu,aWYv \4 tilskilduaWviWkomandiaWilirWijafnframtyfiratkvWisrttinumoglUsiYvyfiraW ' hannhyggistneytahans,i(m߰ ݌ Ќ  "i(m"  i(m޲2  4  .3  Ԉ0    viWkomandiaWilifermeWgrundvellisamkomulagsumlfstWarbundinrttindihansyfir  hlutunumsematkvWisrtturinnfylgir,i(m޲ ݌`  Ќ  "i(m"  i(m\2  5  .3  Ԉ0    d;tturflagviWkomandiaWilaskilningi6.tlul.2.gr.laganr.3/2006,umrsreikninga, S+! fermeWeWamneytagrundvelli1.!4.tlul.,i(m\݌" Ќ  "i(m"  i(m2  6  .3  Ԉ0    fylgirhlutumsemviWkomandiaWilivarWveitiroggeturneyttsamkvmteiginkvrWun # beristekkisrstkfyrirmlifreigendumhlutanna,i(m݌ $ Ќ  "i(m"  i(mn2  7  .3  Ԉ0    YriWjiaWilifermeWeiginnafnienfyrirhndviWkomandiaWila,i(mn݌!W% Ќ  "i(m"  i(m2  8  .3  Ԉ0    umboWsmaWur,aWYvtilskilduaWhanngetineyttatkvWisrttarinssamkvmteigin J""& kvrWunberistekkisrstkfyrirmlifreigendumhlutanna.i(m˸݌#' Ќ    80.gr. $ ) Flggunarskyldavegnafjrmlagerninga. v%N!* 3  Flggunarskyldaskv.78.gr.gildireinnigumaWilasemfermeWbeinumeWa;beinum A&"+ httimeWfjrmlagerningskv.a-ogd!hliW2.tlul.1.mgr.2.gr.,aWYvtilskilduaWviW  '", komandifjrmlagerningurveitiviWkomandiaWila,eingnguaWeiginkvrWun,samkvmt '#- formlegusamkomulagi,rtttilaWaflahlutasematkvWisrtturfylgirogYegarhafaveriW ( gefnirttgefandasemfellurundir1.eWa2.mgr.77.gr.    Xegarrttursamkvmtfjrmlagerningiskv.1.mgr.ernUtturtilflunarhlutaskalsenda  tilkynningutilviWkomanditgefandaogFjrmlaeftirlitsinsefnUtinginleiWirafsraW a atkvWisrtturviWkomandinreWahkkaryfireitthvertYeirra& a markasemtalineruupp78. T, gr.FramangreintgildirY;ttflunfjrmlagerningsinshafiYegarveriWtilkynntskv.1.mgr.    Fallifjrmlagerningurskv.1.mgr.rgildiskalsendatilkynninguskv.2.mgr.'aTE    81.gr.  X TilkynningflagssamstWu. K #    D;tturflagskv.5.tlul.79.gr.,YarfekkiaWsendatilkynninguskv.78.og79.gr.ef    m;WurflagYesseWa,efm;WurflagiWersjlftd;tturflag,m;Wurflagm;Wurflagsinssendir    tilkynningu.     82.gr. B  UmboWhluthafafundi.    7  EfumboWsmaWurtilviki8.tlul.79.gr.freitteWafleiriumboWtengslumviWeinn   hluthafafund,erheimiltaWsendaeinatilkynninguaWYvtilskilduaWskUrtkomiframtil {  kynningunnihvertheildarmagnatkvWisrttarumboWsveitendaverWurtgefandaeftir nF brottfallumboWsins. 9   Efflggunarskyldastofnastvegna8.tlul.79.gr.YarfekkiaWsendaaWratilkynninguef  umboWiWfellurrgildiaWhluthafafundinumloknumogtilkynningin,semgerWvar  tengslumviWveitinguumboWsins,geymdiupplUsingarumhvertheildarmagnatkvWisrttar r umboWsveitandayrWitgefandaeftirbrottfallumboWsins. e=   83.gr.  Flggunarskyldamargra.    EffleirieneinnaWiliverWaflggunarskyldirerYeimheimiltaWsendasameiginlegatil i kynningu.SameiginlegtilkynningleysirenganhlutaWeigandiaWilaundanbyrgWtilkynn \4 ingunni. '   84.gr.  BreytinghlutafeWaatkvWisrtti. `    EftgefandihkkareWalkkarhlutafsitteWafjlgareWafkkaratkvWum,skalhann, S+! sWastaviWskiptadegiYessmnaWarerbreytingarnareigasrstaW,birtaopinberlegaheildar " fjldahlutaogheildarfjldaatkvWa. #   85.gr. !W% Efnitilkynningar. J""& f  Tilkynningskv.78.og79.gr.skalm.a.geymaupplUsingarum: #' ! ! (88"i(m"  i(m2  1  .3  Ԉ0    atkvWisrtteftirbreytingu,i(m݌#( Ќ  "i(m"  i(m2  2  .3  Ԉ0    eignatengslviWd;tturflgYarsemflggunarskylduraWilihefuryfirrWyfiratkvWis $ ) rttinum,efviW,i(m݌v%N!*   "i(m"  i(mH2  3  .3  Ԉ0    dagsetninguYegarflggunarskyldastofnaWist,ogi(mHu݌A&"+ Ќ  "i(m"  i(mZ2  4  .3  Ԉ0    fulltnafneigandahluta& a  nna,jafnvelY;ttviWkomandieigiekkirttaWneytaatkvWis ( rttarinsvegnaaWstWnaskv.79.gr.,ogfulltnafnYessaWilasemfermeWatkvWisrtt  innfyrirhndeiganda'a( hlutanna.i(mZ݌ Ќ    & , 86.gr. T, FresturflggunarskyldsaWilatilaWtilkynna.  }  AWilisemverWurflggunarskyldurskv.1.mgr.78.gr.,79.og80.gr.skalsendatilkynn  ingutilviWkomanditgefandaog',TFjrmlaeftirlitsinseinsflj;ttogauWiWerogeigisWaren   nstaviWskiptadageftiraWflggunarskyldanstofnaWist.  X   AWilisemverWurflggunarskyldurskv.2.mgr.78.gr.skalsendatilkynningutilviWkom K #  anditgefandaogFjrmlaeftirlitsinseinsflj;ttogauWiWerogeigisWarennstaviWskipta    dageftiraWtgefandihefurbirtopinberlegaheildarfjldahlutaogheildarfjldaatkvWaskv.    84.gr.     87.gr. B  FresturtgefandatilaWbirtaupplUsingartilkynningu.      Btgefandiskal,einsflj;ttogauWiWereftirm;ttkutilkynningarskv.78.,79.eWa80.gr.   ogeigisWarenklukkan12nstaviWskiptadageftiraWtilkynninginbersthonum,birtaopin {  berlegaallarupplUsingarsemeraWfinnatilkynningunni. nF   BtgefandiYarfekkiaWYUWatilkynninguyfirtungumlsemFjrmlaeftirlitiWsamYykkir 9 eftilkynningskv.78.,79.eWa80.gr.berstensku.    88.gr. r UndanYgurfrflggunarskyldu. e=   XegarhlutaereingnguaflaWtilverWbrfauppgjrsYarfekkiaWsendatilkynninguskv. 0 78.gr.efviWkomandiverWbrfauppgjrierlokiWinnanvenjulegsstuttsgreiWslutmabils.    XegaraWilivarWveitirhlutisemvrsluaWiliYarfekkiaWsendatilkynninguskv.78.gr.ef  viWkomandivrsluaWiligeturaWeinsnUttatkvWisrttinnsemfylgirhlutunumsamkvmt i skriflegumeWarafrnumleiWbeiningum. \4   SeWlabankiEvr;pskaefnahagssvWinueWaSeWlabankiEvr;puYarfekkiaWsendatil ' kynninguskv.78.gr.eWa3.tlul.79.gr.YegarviWkomandiseWlabankilturhlutiteWa  honumerultnirhlutirttilaWsinnahlutverkisnusemyfirvaldsviWipeningamla,aW  YvtilskilduaWslkumrWstfunumslokiWinnanvenjulegs,stuttsgreiWslutmabilsfrYv `  aWviWkomandiseWlabankilthlutinateWahonumvorultnirhlutirtogaWatkvWis S+! rtturhlutannasekkinUttur. "   89.gr.  $ Veltub;k. !W% v  ViWmatflggunarskylduskv.78.gr.skalatkvWisrttursemfylgirhlutumveltub;k J""& fjrmlafyrirtkis,meWstarfsleyfiskv.1.!6.tlul.1.mgr.4.gr.laganr.161/2002,umfjr #' mlafyrirtki,ekkireiknastmeWaWYvtilskilduaWhlutfallatkvWisrttarinsveltub;kinni #( fariekkiyfir5%ogaWviWkomandifjrmlafyrirtkitryggiaWatkvWisrtturinnshvorki $ ) nUtturnnotaWurannanhttbeinteWa;beinttilaWhlutasttilumstj;rntgefanda. v%N!*   A&"+   90.& ,  gr. ( ViWskiptavaki.  p  Flggunarskyldaskv.78.gr.gildirekkiumfluneWarWstfunviWskiptavakahlutum  YrttfyriraWatkvWisrttursemfylgirhlutum',(ԀnieWafariyfir5%flggunarskyldumarkiW a aWYvtilskilduaWviWskiptavakinnframkvmiviWskiptinsemviWskiptavaki,sfjrmla T, fyrirtkimeWstarfsleyfitilverWbrfaviWskiptaoghlutisthvorkitilumstj;rnviWkomandit  gefanda&  nhlutistnokkurnhtttilumaWtgefandinnkaupislkahlutieWahaldiverWiYeirra  uppi.'     & , 91.gr. K #  M;Wurflagrekstrarflags.      ViWframkvmdflggunarskylduskv.78.og79.gr.erm;Wurflagirekstrarflags    samkvmtlgumumverWbrfasj;Wi',K ogfjrfestingarsj;WiekkiskyltaWleggjasamaneigiW   hlutfallatkvWisrttaroghlutfallatkvWisrttarviWkomandiverWbrfasj;WseWafjrfestingar wO  sj;WsrekstrarflagsinsaWYvtilskilduaWrekstrarflagiWnUtiatkvWisrttsinn;hWm;Wur B  flaginueWaWrud;tturflagim;Wurflagssns.      kvWi1.mgr.gildireinnigumm;WurflagrekstrarflagserlendsverWbrfasj;WsmeW   staWfestuogstaWfestinguEvr;pskaefnahagssvWinu,sbr.43.gr.lagaumverWbrfasj;Wi {  ogfjrfestingarsj;Wi.Samagildirumm;WurflagsambrilegsrekstrarflagsmeWstaWfestu nF utanEvr;pskaefnahagssvWisins. 9   92.gr.  M;WurflagfjrmlafyrirtkismeWleyfitilverWbrfaviWskipta. r   ViWframkvmdflggunarskylduskv.78.og79.gr.erm;Wurflagifjrmlafyrirtkis, e= meWleyfitilverWbrfaviWskiptasamkvmtlgumumfjrmlafyrirtki,ekkiskyltaWleggja 0 samaneigiWhlutfallatkvWisrttaroghlutfallatkvWisrttarsemfylgirhlutumsemviWkom  andifjrmlafyrirtkistUrirfyrireinstakaviWskiptamennsnaaWYvtilskilduaWfjrmla  fyrirtkinusaWeinsheimiltaWnUtaatkvWisrttsemtilheyrirslkumhlutumsamkvmt i sannanlegumleiWbeiningumviWskiptavinareWatryggtsaWeinstaklingsmiWuWstUringverW \4 brfasafnsfarifram;hWhverskynsannarriYj;nustu,ogaWfjrmlafyrirtkiWnUti ' atkvWisrttinn;hWm;WurflaginueWaWrud;tturflagim;Wurflagssns.    kvWi1.mgr.gildireinnigumm;WurflagerlendsfyrirtkissemhefurstaWfestu  Evr;pskaefnahagssvWinuogstarfsleyfitilverWbrfaviWskiptaEvr;pskaefnahagssvWinu. `  Samagildirumm;WurflagfyrirtkismeWstaWfesturkiutanEvr;pskaefnahagssvWisins S+! effyrirtkiWhefurleyfitilaWstundaverWbrfaviWskiptiheimarkisnuogsstarfsemier " hWeftirlitiheimarkinu. #   93.gr. !W% Flggunarskyldavegnaeiginhluta. J""& W  EftgefandiaflareWarWstafareiginhlutumskalhannbirtaopinberlegahlutfalleigin #' hlutaefflunineWarWstfuninleiWirtilYessaWhlutfalliWnr,hkkaryfireWalkkarniWur #( fyrir5%eWa10%atkvWisrttar.HlutfalliWskalreiknaWtgrundvelliheildarfjldahluta $ ) sematkvWisrtturfylgir,jafnvelY;ttnUtingatkvWisrttarinsfalliniWur. v%N!*   UpplUsingarskv.1.mgr.skulubirtaropinberlegaeinsflj;ttogauWiWerogeigisWaren A&"+ fyrirklukkan12nstaviWskiptadageftirfluninaeWarWstfunina.  '",  '#-   94.gr. ( BtgefandimeWskrWaskrifstofurkiutanEvr;pskaefnahagssvWisins.    kvWi84.gr.gildirekkieftgefandimeWskrWaskrifstofurkiutanEvr;pskaefna  hagssvWisinsuppfyllirkrfursamkvmtbindandiopinberumfyrirmlumYvrkisem a hannermeWskrWaskrifstofuogfyrirmlineruhliWstW84.gr. T,   &  kvWi87.gr.gildirekkieftgefandimeWskrWaskrifstofurkiutanEvr;pskaefna  hagssvWisinsuppfyllir'krfursamkvmtbindandiopinberumfyrirmlumYvrkiYarsem  hannermeWskrWaskrifstofuogfyrirmlineruhliWstW87.gr.     kvWi93.gr.gildirekkieflgaWilimeWskrWaskrifstofurkiutanEvr;pskaefnahags  X svWisinsuppfyllirkrfursamkvmtbindandiopinberumfyrirmlumYvrkiYarsem K #  hannermeWskrWaskrifstofuogfyrirmlineruhliWstW93.gr.      FjrmlaeftirlitiWmeturhvortkrfursamkvmtbindandiopinberumfyrirmlumrkis    utanEvr;pskaefnahagssvWisinseruhliWstWar84.,87.og93.gr.     95.gr. B  Opinberbirting.      BtgefandiskalbirtaalmenningiEvr;pskaefnahagssvWinuupplUsingarsamkvmt   kaflaYessumeinsflj;ttogauWiWerogjafnrWisgrundvelli.SamhliWaopinberribirtingu {  skaltgefandisendaupplUsingarnartilFjrmlaeftirlitsins. nF   FjrmlaeftirlitinuerheimiltaWbirtaupplUsingarsemgerWarhafaveriWopinberar 9 heimasWusinni.    96.gr. r MiWlgvarWveisla. e=   BtgefandiskalsendaallarupplUsingarsembirtareruopinberlegasamkvmtkaflaYessum 0 tilFjrmlaeftirlitsins,eWaaWilasemFjrmlaeftirlitiWtilnefnir,tilmiWlgrarvarWveislu,sbr.  136.gr.    97.gr. \4 Tunguml. '   EfhlutabrftgefandahafaeinungisveriWtekintilviWskiptaskipulegumverWbrfa  markaWi0slandiskaltgefandibirtaupplUsingarsamkvmtkaflaYessumslenskueWa  WruYvtungumlisemFjrmlaeftirlitiWsamYykkir. `    EfhlutabrftgefandahafaveriWtekintilviWskiptaskipulegumverWbrfamarkaWi0s S+! landiogeinueWafleiriaWildarrkjumEvr;pskaefnahagssvWisinsskaltgefandibirtaupp " lUsingarsamkvmtkaflaYessumslenskueWaWruYvtungumlisemFjrmlaeftirlitiW # samYykkirogannaWhvortenskueWaWruYvtungumlisemlgbrstj;rnvldgisti  $ rkjannasamYykkja,aWvalitgefanda. !W%   EfhlutabrftgefandahafaveriWtekintilviWskiptaskipulegumverWbrfamarkaWieinu J""& eWafleirugistirkienekki0slandiskaltgefandibirtaupplUsingarsamkvmtkaflaYessum #' annaWhvortenskueWaWruYvtungumlisemlgbrstj;rnvldgistirkjannasamYykkja, #( aWvalitgefanda.EfFjrmlaeftirlitiW;skareftirYvskaltgefandijafnframtbirtaupplUs $ ) ingarnarenskueWaWruYvtungumlisemFjrmlaeftirlitiWsamYykkir,aWvalitgefanda. v%N!*   EfhlutabrftgefandaerutekintilviWskiptaskipulegumverWbrfamarkaWinsamYykk A&"+ istgefandahvlaskyldurskv.1.!3.mgr.ekkitgefandaheldurYeimaWilasem;skaW  '", hefureftirtkuhlutabrfannatilviWskiptansamYykkistgefanda. '#-   Tilkynningskv.78.,79.og80.gr.mveraslenskueWaensku. (   & , 98.gr.  ReglugerW. a   RWherraerheimiltaWsetjannarikvWivegnakaflaYessareglugerW,YarmeWalum T, efnitilkynningarvegnafjrmlagerningaskv.80.gr.,',hverskonarsamkomulagtelstformlegt  samkomulagskv.80.gr.,nnarumefnitilkynningarskv.85.gr.,umhmarkslengdvenjulegs  stuttsgreiWslutmabilsskv.88.gr.,hvaWaskilyrWifyrirtkiskv.91.og92.gr.& a verWaaWupp   fyllatilaWYauteljistnUtaatkvWisrttsinn;hWm;Wurflgumsnumogumframkvmd  X opinberrarbirtingar,sbr.95.gr.'a  K #    X.KAFLI     YfirtkutilboW.    99.gr. wO  GildissviWkaflans. B    kvWiYessakaflagildaumyfirtkuhlutaflagisemfengiWhefureinneWafleiriflokka    hlutabrfateknatilviWskiptaskipulegumverWbrfamarkaWi0slandi.     RWherraerheimiltreglugerWaWkveWaumundanYgurfrkvWumYessakafla {  varWandierlendhlutaflg. nF   100.gr.  TilboWsskylda.  q  HafiaWilibeinteWa;beintnWyfirrWumhlutaflagiYarsemeinneWafleiriflokkar r hlutabrfahafaveriWteknirtilviWskiptaskipulegumverWbrfamarkaWiskalsaWilieigi e= sWarenfj;rumvikumeftiraWyfirrWumvarnWgeraWrumhluthfumflagsinsyfirtku 0 tilboW,Y.e.tilboWumaWkaupahlutiYeirraflaginu.MeWyfirrWumerttviWaWaWiliog  YeirsemhannersamstarfiviW:  ! ! (88"i(m"  i(m 2  1  .3  Ԉ0    hafisamanlagteignasta.m.k.40%atkvWisrttarflaginu,i(m  ݌i Ќ  "i(m"  i(m 2  2  .3  Ԉ0    hafigrundvellisamningsviWaWrahluthafartttilaWrWayfirsemnemura.m.k.40% \4 atkvWaflaginu,eWai(m  ݌' Ќ  "i(m"  i(m_2  3  .3  Ԉ0    hafiWlastrtttilYessaWtilnefnaeWasetjaafmeirihlutastj;rnarflaginu.i(m_݌ Ќ    SamstarfskalverataliWmilliaWilaefYeirhafagertmeWsrsamkomulagumaWeinneWa  fleirisamanniyfirrWumflagi,eWaumaWkomavegfyriraWyfirtakaniframaWganga, `  hvortsemsamkomulagiWerformlegteWa;formlegt,skriflegt,munnlegteWameWWrum S+! htti. "   SamstarfskalY;alltaftaliWverafyrirhendiYegarumeftirfaranditengsleraWrWa,nema # sUntsframhiWgagnstWa:  $ ! ! (88"i(m"  i(m2  1  .3  Ԉ0    Hj;n,aWilarstaWfestrisamvist,aWilarskrWrisambWog;fjrrWabrnaWila.i(m݌!W% Ќ  "i(m"  i(m2  2  .3  Ԉ0    TengslmilliaWilasemfelasrbeineWa;beinyfirrWannarsaWilansyfirhinumeWaef J""& tveWafleiriflgerubeinteWa;beintundiryfirrWumsamaaWila.Takaskaltillittil #' tengslaaWilaskv.1.,3.og4.tlul.i(m%݌#( Ќ  "i(m"  i(m2  3  .3  Ԉ0    FlgsemaWilimeWbeinumeWa;beinumhttiveruleganeignarhlut,Y.e.aWaWili $ ) eigimeWbeinumeWa;beinumhttia.m.k.%a!v%N!1v%N!%a!c%;!v%N!3v%N!c%;!hlutaatkvWisrttarviWkomandiflagi. v%N!* TakaskaltillittiltengslaaWilaskv.1.,2.og4.tlul.i(m(݌A&"+   "i(m"  i(m2  4  .3  Ԉ0    Tengslmilliflagsogstj;rnarmannaYessogflagsogframkvmdastj;raYess.i(m݌ '", Ќ    TilboWsskyldaskv.&   1.mgr.hvlirYeimaWilasamstarfssemeykurviWhlutsinnYannig ( aWmrkum1.mgr.er'(nW.    &  FjrmlaeftirlitinuerheimiltaWveitaundanYgufrtilboWsskylduskv.1.mgr.ef  srstakarstWurmlameWYv.'FjrmlaeftirlitiWgetursettskilyrWifyrirundanYgunni,t.d. a varWandifrestsemviWkomandi&  hefurtilaWseljahlutisemeruumframleyfilegmrkog T, meWferWatkvWisrttarYvtmabili.'T    TilboWsgjafiskv.1.mgr.skalgeratilboWsyfirlitsamrmiviWkvWiXI.kafla.    101.gr.  X ValfrjlstilboW. K #  =  kvWiYessakaflagildaeinnigfyrirvalfrjlstilboWumkauphlutumhlutaflagiYar    semeinneWafleiriflokkarhlutabrfahafaveriWteknirtilviWskiptaskipulegumverWbrfa    markaWi.MeWvalfrjlsutilboWierttviWtilboWsem&  beintertilallrahluthafaviWkomandi   flags,nYessaWumtilboWsskyldusaWrWaskv.1.mgr.100.gr.'  wO    TilboWsgjafisemgerirvalfrjlsttilboWskalgeratilboWsyfirlitsamrmiviWkvWiXI. B  kafla.      TilboWsgjafasemgerirvalfrjlsttilboWerheimiltaWtakmarkatilboWsittYannigaWYaW   takieinungistilhlutahlutafjreWaatkvWisrttarviWkomandiflags,aWYvtilskilduaWtil {  boWiWhafiekkifrmeWsraWtilboWsskyldastofnistskv.100.gr.ViWtakmarkaWtilboW nF samkvmtYessarimlsgreinskalgefallumhluthfumeWaeigendumatkvWisrttarkost 9 aWafhendahlutabrfsneWaatkvWisrttrttuhlutfalliviWhlutafjreignsnaeWaat  kvWisrtt.    TilboWsgjafasemgerirvalfrjlsttilboWerheimiltaWsetjaskilyrWifyrirYvaWhannstandi r viWtilboWiW. e=   EftilboWsgjafihefurnWyfirrWumflagikjlfarvalfrjlstilboWsallahlutiallrahlut 0 hafaviWkomandiflagiberviWkomandiekkiskyldatilaWgerayfirtkutilboWsamrmiviW  100.gr.    102.gr. \4 TilkynningumtilboW. ' $  TilboWsgjafiskaltilkynnaviWkomandiskipulegumverWbrfamarkaWiumkvrWunumtil  boWntafar.SkipulegiverWbrfamarkaWurinnskalbirtatilkynningunaopinberlega.Jafnframt  skaltilboWkynntfyrirstarfsmnnumviWkomandiflaga. `    103.gr. " SkilmlartilboWs. # &  TilboWsgjafiskalbj;Wallumhluthfumsemeigahlutisamahlutaflokkismuskilmla.  $   VerWYaWsemsetterframyfirtkutilboWiskv.100.gr.skala.m.k.svaratilhstaverWs !W% semtilboWsgjafieWaaWilarsemhannersamstarfiviWhafagreittfyrirhlutisemYeirhafa J""& eignastviWkomandiflagisWustusexmnuWiWurentilboWvarsettfram.TilboWsverWskal #' Y;aWlgmarkiverajafnhttogsWastaviWskiptaverWhlutaviWkomandiflagidaginnWur #( entilboWsskyldamyndaWisteWatilkynntvarumfyrirhugaWtilboW. $ )   NhefurtilboWsgjafieWaaWilisemhannersamstarfiviWgreitthrraverWenskv.2.mgr. v%N!* tilboWstmabiliogskalhannYbreytayfirtkutilboWiogbj;WaYaWverW.EftilboWsgjafieWa A&"+  aWilarsemhannersamstarfiviWgreiWahrraverWeWabj;WabetrikjrfyrirhlutiviWkom  '", andiflaginstuYrjm&   nuWieftirloktilboWstmabilsskalgreiWaYeimhluthfumsemtekiW ( hfWuupphaflegatilboW'(+inuviWb;targreiWslusemsamsvararYeimmismun.    &  0yfirtkutilboWiskaltilboWsgjafibj;WaWrumhluthfumviWkomandiflagigreiWslu  formireiWufjr,'-hlutasemberaatkvWisrtteWahvorutveggja.EftilboWsgjafibUWurekki a seljanlegahlutisemteknirhafaveriWtilviWskiptaskipulegumverWbrfamarkaWisem T, greiWsluskalreiWufeinnigboWiWframsemvalkostur.SamagildirhafitilboWsgjafieWaaWilar  semhannersamstarfiviWgreittfyrira.m.k.5%hlutafjrflagsinsmeWreiWufsWustusex  mnuWiWurentilboWsskyldamyndaWistogtilboWstmabili.     EftilboWsgjafihyggstgreiWafyrirhlutimeWreiWufskallnastofnunmeWstarfsleyfi  X Evr;pskaefnahagssvWinubyrgjastYgreiWslu.FjrmlaeftirlitinuerY;heimiltaW K #  samYykkjabyrgWfrlnastofnunumutanEvr;pskaefnahagssvWisins.EfgreiWslaermeW    Wrumhtti&  skaltilboWsgjafigeraviWeigandirWstafanirtilaWtryggjaaWhgtverWiaW    standaviWtilboWiW.' 1     GildistmiyfirtkutilboWsskalhiWskemmstaverafj;rarvikur,entuvikurhiWlengsta. wO  FjrmlaeftirlitinuerheimiltaWframlengjagildistmatilboWseffyrirYverugildarstWur. B    UppgjrvegnayfirtekinnahlutaskalfaraframeigisWarenfimmviWskiptadgumeftir    aWgildistmitilboWsrennurt.     FjrmlaeftirlitiWgeturbreytttilboWsverWi,tilhkkunareWalkkunar,efumsrstakar {  kringumstWureraWrWaogreglunniumjafnrWihluthafa1.mgr.erfylgt.Fjrmlaeftir nF litinuereinnigheimiltaWveitaundanYgufrkvWum4.og7.mgr.efsrstakarstWur 9 mlameWYv.AllarkvarWanirumbreytingartilboWsverWiogundanYgurskuluverark  studdarogbirtaropinberlega.    104.gr. e= Skyldurstj;rnar. 0 Y6  Stj;rnflagssemtilboWtekurtilskalhafahagsmuniflagsinssjlfsaWleiWarlj;sillum  gerWumsnumogmekkineitahluthfumflagsinsumtkifritilaWtakakvrWunumtil  boWiW. i   FrYeimtmaerkvrWunumtilboWhlutiflagihefurveriWgerWopinbereWastj;rn \4 flagserlj;staWtilboWsvntanlegtogYartilniWurstWurtilboWshafaveriWgerWaropin ' berarerstj;rnviWkomandiflags;heimiltaWtakakvarWanirsemhaftgetahriftilboWiW  nemaaWfengnufyrirframsamYykkihluthafafundar.Hrerm.a.ttviWkvarWanirum:  ! ! (ť88"i(m"  i(m:2ť  1  .3  Ԉ0    tgfunUrrahlutaeWafjrmlagerningaflaginueWad;tturflgumYess,i(m::݌`  Ќ  "i(m"  i(m;2ť  2  .3  Ԉ0    kaupeWaslueiginhlutabrfaeWahlutabrfad;tturflgum,i(m;<݌S+! Ќ  "i(m"  i(m<2ť  3  .3  Ԉ0    samrunaflagsinseWad;tturflagaYessviWnnurflg,i(m<%=݌" Ќ  "i(m"  i(m>2ť  4  .3  Ԉ0    kaupeWaslueignumeWaWrusemhaftgeturumtalsverWhrifstarfsemiflagsins # eWad;tturflagaYess,i(m>E>݌ $ Ќ  "i(m"  i(m?2ť  5  .3  Ԉ0    samningasemfallaekkiundirvenjulegastarfsemiflagsins,i(m??݌!W% Ќ  "i(m"  i(m@2ť  6  .3  Ԉ0    umtalsverWarbreytingarstarfskjrumstj;rnenda,i(m@@݌J""& Ќ  "i(m"  i(mA2ť  7  .3  Ԉ0    aWrarkvarWanirsemhaftgetasambrileghrifstarfsemiflagsinseWad;tturflaga #' Yess.i(mAA݌#( Ќ    Stj;rnerY;heimiltaWleitaannarratilboWansamYykkishluthafafundar. $ )   HluthafafundurskaleinnigstaWfestaeWasamYykkjaafturkvarWanirsemteknarvorufyrir v%N!* Yanntmasemtilgreindurer2.mgr.efYeimkvrWunumhefurekkiennveriWframfylgt A&"+  aWhlutatileWalluleytiogYrfallautanviWvenjulegastarfsemiflagsins.  '",   Stj;rnflagssemtilbo&   WtekurtilskalsemjaoggeraopinberasrstakagreinargerWYarsem ( framkemurrkstuttlits'(-Etj;rnarinnartilboWinuogskilmlumYess.0greinargerWinniskal  einnigfjallaWumlitstj;rnarinnarframtWarformumtilboWsgjafaoghvaWahrifhntelur  aWtilboWiWgetihafthagsmuniflagsins,strfstj;rnendaogstarfsmannaYess,semogstaW a setningustarfsstWvaflags.Efstj;rninnibersttmanlegalitfrfulltrumstarfsmannaYv T, hvaWahriftilboWiW&  hafistrfstarfsmannafyrirtkisinsberstj;rninniaWltaYaWlitfylgja  meWgreinargerWsinni.'G    EfskiptarskoWanireruumtilboWinnanstj;rnarinnarskalYaWkomaframgreinargerW   inni.Efstj;rnarmenneigaaWildaWtilboWieWaerusamstarfiviWtilboWsgjafaeWahafaaW  X WruleytiverulegrahagsmunaaWgtaafniWurstWutilboWsskalupplUstumYaWgreinar K #  gerWstj;rnar.Stj;rnarmennsemaWildeigaaWtilboWieWaerusamstarfiviWtilboWsgjafaeWa    hafaaWWruleytiverulegrahagsmunaaWgtaafniWurstWutilboWsskuluekkitakaYttYv    aWsemjagreinargerWstj;rnar.   & a   Efstj;rnarmenn,eWaaWilarsamstarfiviWYskv.100.gr.,eruaWilaraWtilboWieWavan wO  hfiraWWruleytitilaWfjallaumtilboW,ogYaWleiWirtilYessaWstj;rnerekkilyktunarhf, B  skalstj;rninlta;hWfjrmlafyrirtkimetatilboWiWogskilmlaYess.'awK      GreinargerWstj;rnarskalbirtaopinberlegaa.m.k.einnivikuWurengildistmitilboWs   rennurt. {    EftilboWsgjafigerirbreytingartilboWisnuskv.107.gr.skalstj;rninnansjdagafr nF YvaWbreytttilboWhefurveriWgertopinbertsemjaogbirtaopinberlega,sbr.114.gr.,viWb;t 9 viWgreinargerWsnaYarsemframkemurlitstj;rnarinnarviWkomandibreytingum.    105.gr. r UmafturklluntilboWs. e= wO  TilboWsemgerthefurveriWopinbertskv.114.gr.erekkihgtaWafturkallanemasrstk 0 ;viWrWanlegatvik(forcemajeure)mlimeWYv.    ValfrjlstilboWerY;unntaWafturkallaaWfullngWueinhverjueftirfarandiskilyrWa:  ! ! (ե88"i(m"  i(mQ2ե  1  .3  Ԉ0    framkemurtilboWsemersambrilegtviWeWahagstWaraenyfirtkutilboW,i(mQR݌i Ќ  "i(m"  i(m#S2ե  2  .3  Ԉ0    skilyrWisemtilboWiWerhWogtekiWerframtilboWsyfirlitierekkiuppfyllt,i(m#SPS݌\4 Ќ  "i(m"  i(mbT2ե  3  .3  Ԉ0    hlutaflagiWsemyfirtakanbeinistaWeykurhlutafsitt,eWai(mbTT݌' Ќ  "i(m"  i(mU2ե  4  .3  Ԉ0    aWrarsrstakarstWurmlameWYv.i(mUU݌ Ќ    FjrmlaeftirlitiWskalsamYykkjaafturklluntilboWs.    AfturklluntilboWsskalbirtaopinberlega,sbr.114.gr. `    106.gr. " :gildingtilboWs. # OW  TilboWfellurrgildieflagalegatriWirttltaYaWeWaviWurkenningstj;rnvaldasemtelja  $ verWurnauWsynlegatilYessaWeigendaskiptigetiorWiWaWhlutunumliggurekkifyrirYegar !W% gildistmatilboWslUkureWaYeimhefurveriWhafnaWgildistmatilboWs. J""&   EftilboWfellurrgildiaffyrrgreindumorskumertilboWsgjafaogaWilumsamstarfiviW #' hannekkiheimiltaWsetjaframnUtttilboWeWafarayfirYaumrksemtilboWsskyldamiWast #( viWskv.100.gr.nstu12mnuWinemaaWfengnusamYykkiFjrmlaeftirlitsins. $ )   v%N!*   107.& ,  gr. ( BreytingartilboWi.  Z  TilboWsgjafigeturhvenrsemertilboWstmabiligertbreytingartilboWisnuefbreyt  ingarnarhafafrmeWsrhagstWariskilmla',(ZԀfyriraWrahluthafa.EfbreytingarerugerWar a tilboWiYegarminnaentvrvikurerueftiraftilboWstmabiliskalframlengjatmabiliW T, YannigaWYaWgildia.m.k.tvrvikureftiraWbreytttilboWhefurveriWbirtopinberlega.    HluthfumsemsamYykkthfWufyrratilboWskalgefinnkosturaWveljamillitilboWa.    BreytingartilboWiskalbirtaopinberlega,sbr.114.gr.     108.gr. K #  SamkeppnistilboW.    f^  MeWsamkeppnistilboWierttviWtilboWfrYriWjaaWilasemgerteropinbertgildistma    annarstilboWs.     EfframkomiWtilboWerekkiafturkallaWeWaYvbreyttkjlfarsamkeppnistilboWsskal wO  gildistmiYessframlengdurtilsamrmisviWgildistmasamkeppnistilboWs. B    EfframkemursamkeppnistilboWgetahluthafarsemsamYykkthafaskilyrtvalfrjlst    tilboW,sbr.4.mgr.101.gr.,dregiWsamYykkisitttilbakahvenrsemertilboWstmabilinu   eftilboWsgjafihefurekkitilkynntopinberlegaWurentilkynntvarumfyrirhugaW {  samkeppnistilboWaWhannhafifalliWfrllumskilyrWumsemsettvorutilboWinueWaaWll nF skilyrWihafiveriWuppfyllt. 9   109.gr.  UpplUsingarumniWurstWurtilboWs. r b  TilboWsgjafiskalgeraupplUsingarumniWurstWurtilboWsopinberarmeWtilkynningutil e= viWkomandiskipulegsverWbrfamarkaWarinnanYriggjaviWskiptadagafrlokumtilboWstma 0 bils.    EfumvalfrjlsttilboWeraWrWaskalkomaframtilkynningunnihvortskilyrWisemsett  vorutilboWinuhafiveriWuppfylltog,efsvoerekki,hvorttilboWsgjafihyggistengusWur i standaviWtilboWsitteWaafturkallaYaW.EkkierhgtaWafturkallatilboWeftirYanntmasem \4 tilgreindurer1.mgr. '   110.gr.  InnlausnarrtturtilboWsgjafaoghluthafa. `  f  EftilboWsgjafiogaWilarsemhannersamstarfiviWskv.100.gr.eignastmeiraenf>S+9S+f>RR@S+10S+@ S+! hlutafjreWaatkvWisrttarflagiyfirtkutilboWigetatilboWsgjafinnogstj;rnflagsins " sameiningukveWiWaWaWrirhluthafarflaginuskulistainnlausntilboWsgjafanshlutum # snum.SslktkveWiWskalsendanefndumhluthfumtilkynningumeWsamahttioggildir  $ umboWunaWalfundar,eftirYvsemviW,YarsemYeireruhvattirtilaWframseljahluthafan !W% umhlutisnainnanfjgurravikna.Skilmlafyririnnlausnskalgreinatilkynningunni.Ef J""& tilboWsgjafiferframinnlausninnanYriggjamnaWafrlokumtilboWstmabilsskalverWsem #' boWiWvartilboWiteljastsanngjarntinnlausnarverW,nemakvWi3.mgr.103.gr.eigiviW. #(   ShluturekkiframseldursamkvmtkvWum1.mgr.skalgreiWaandvirWihans $ ) geymslureikningnafnrtthafa.FrYeimtmatelsthluthafinnrttureigandihlutaroghluta v%N!* brffyrrieiganda;gild.SetjamnnarikvWihrumsamYykktum. A&"+   EftilboWsgjafiogaWilarsemhannersamstarfiviWskv.100.gr.eignastmeiraen'" '"9 '"'"RR&" '"10 '"&"  '", hlutafjreWaatkvWisrttarflagiyfirtkutilboWigeturhvereinstakurafminnihlutahlut '#- hafakrafistinnlausnarhjtilboWsgjafanum.EfhluthafiferframinnlausninnanYriggja ( mnaWafrlokumtilboWstmabilsskalverWsemboWiWvartilboWiteljastsanngjarntinn  lausnarverW,nemakvWi3.mgr.103.gr.eigiviW.    KostnaWurviWinnlausnskalgreidduraftilboWsgjafa. a   & , 111.gr.  BrrWiefekkiergerttilboW.  o  EfaWilisemertilboWsskyldurskv.100.gr.seturekkiframtilboWinnantilboWsfrestseWa   innanfjgurraviknafrYvaWFjrmlaeftirlitiW',ohefurrskurWaWumtilboWsskylduvegna  X samstarfsgeturFjrmlaeftirlitiWfelltniWurallanatkvWisrttviWkomandiaWilaflaginu. K #  SkuluYeirhlutirYekkitaldirmeWviWtreikningYvhvemiklumhlutahlutafjrfariWer    meWatkvWifyrirhluthafafundum.FjrmlaeftirlitiWtilkynnirviWkomandiflagiumbrott    fallatkvWisrttarins.ErviWkomandiaWilumaWYvbnuskyltaWseljaYannhlutaeignar   hlutarinssemerumframleyfilegmrk,sbr.100.gr.FjrmlaeftirlitiWskalsetjatmamrk wO  Yvskyniogskalfresturinnekkiveralengrienfj;rarvikur.Shluturekkiseldurtilskild B  umtmaer&  FjrmlaeftirlitinuheimiltaWbeitaaWiladagsektumsamkvmtlgumumopin    berteftirlitmeWfjrmlastarfsemi.' Qt     FjrmlaeftirlitiWgetureinnigsettskilyrWiumnUtinguatkvWisrttartilboWsskyldsaWila {  eWafelltniWuratkvWisrttindihansfyrrenmlterfyrirum1.mgr.effyrirYverusr nF stakarstWur. 9   XI.KAFLI   TilboWsyfirlit.  r 112.gr. e= GildissviWkaflans. 0 Hv  kvWiYessakaflagildaumtilboWsyfirlitsemskylteraWtbaogbirtaopinberlega  tengslumviWyfirtkutilboW.    113.gr. \4 EfnitilboWsyfirlits. ' w  0tilboWsyfirlitiskuluaWlgmarkikomaframeftirfarandiupplUsingar:  ! ! (88"i(m"  i(m@y2  1  .3  Ԉ0    nafn,heimilisfangogkennitalahlutaflagsinssemtilboWiWtekurtil,i(m@ymy݌ Ќ  "i(m"  i(mhz2  2  .3  Ԉ0    nafn,heimilisfangogrekstrarformeftilboWsgjafierflag,svoogyfirlitumYeinstak `  lingaeWalgaWilasemvntanlegamunutakaYttviWskiptunumsamttilboWsgjafaeWa S+! erusamstarfiviWtilboWsgjafaskv.100.gr.,i(mhzz݌" Ќ  "i(m"  i(ml|2  3  .3  Ԉ0    upplUsingarumhvemikinnatkvWisrtt,hrifeWahvemargahlutitilboWsgjafiogaWilar # semhannersamstarfiviWskv.100.gr.hafaYegarWlastbeinteWa;beinteWatryggt  $ srmeWWrumhtti,semogupplUsingarumtlaWanatkvWisrtt,hrifeWahluti !W% tilboWsgjafaeftirslu,efviW,i(ml||݌J""& Ќ  "i(m"  i(m~2  4  .3  Ԉ0    hmarks-oglgmarkshlutfalleWamagnhlutasemtilboWsgjafitlaraWeignastefum #' valfrjlsttilboWeraWrWa,i(m~݌#( Ќ  "i(m"  i(mW2  5  .3  Ԉ0    verWsemmiWaWerviWtilboWinu,hvernigYaWvarkvarWaWoghvenrgreiWslafer $ ) fram;einnigskalupplUsaumYaWhvorteinhverkostnaWurfellurYhluthafasemsam v%N!* YykkjatilboWiW,i(mW݌A&"+   "i(m"  i(mU2  6  .3  Ԉ0    fjrmgnuntilboWs,i(mU݌ '", Ќ  "i(m"  i(mG2  7  .3  Ԉ0    upplUsingarumhverniggreiWslaskulifara&   framog,efboWineruframhlutabrf,upplUs ( ingarumYauhlutabrfoghvernigskiptin'(verWakveWin,i(mGt݌ Ќ  "i(m"  i(m2  8  .3  Ԉ0    upplUsingarumhvaWadegihlutirskuluafhentiroghvenrunnteraWbeitaatkvWis  rttisemYeimfylgir,i(m4݌a Ќ  "i(m"  i(ms2  9  .3  Ԉ0    nnurskilyrWisemtilboWiWkannaWverahW,Y.m.t.undirhvaWakringumstWumerunnt T, aWafturkallaYaW,i(ms݌ Ќ  "i(m "  i(m222  10  .3  Ԉ0    gildistmitilboWs,i(m݌ Ќ  "i(m "  i(m222  11  .3  Ԉ0    hvaWtilboWsm;ttakandaberaWgeratilaWsamYykkjatilboWiW,i(m ݌  Ќ  "i(m "  i(m222  12  .3  Ԉ0    samantekttilboWsgjafaumframtWartlanirfyrirflagiW,Y.m.t.formumstarfsemi,  X oghvernigskulinotafjrmuniflagsins,upplUsingarumframhaldandiviWskipti K #  hlutabrfaflagsinsskipulgWumverWbrfamarkaWi,breytingarsamYykktumog    vntanlegaendurskipulagningu,efYaWviW;einnigskalfjallaWumhugsanleghrif    yfirtkustrfstj;rnendaogstarfsmannaflagannaogstarfsskilyrWiYeirra,semog   staWsetningustarfsstWvaflaganna;eftilboWsgjafierflagogtilboWiWhefurhrifYaW wO  skaleinnigbirtasambrilegasamantektfyrirYaWflag,i(m?݌B  Ќ  "i(m "  i(m222  13  .3  Ԉ0    &  upplUsingarumvntanlegasamningaviWaWraumaWnUtaatkvWisrttflaginu,svo    framarlegasemtilboWsgjafiaWildaWslkumsamningieWahonumerkunnugtumhann,' i(m݌  Ќ  "i(m "  i(mǏ222  14  .3  Ԉ0    upplUsingarumhverskonarhlunnindioggreiWslurfrtilboWsgjafaogsamstarfsaWilum {  hanstilstj;rnarmannaogstj;rnendaYessflagssemtilboWtekurtil,i(mǏ݌nF Ќ  "i(m"  i(ml222  15  .3  Ԉ0    upplUsingarumYaulgsemgildaumsamningamillitilboWsgjafaoghluthafavegnatil 9 boWsogumlgbrad;mst;la,i(ml݌ Ќ  "i(m"  i(m222  16  .3  Ԉ0    aWrarupplUsingarsemmlikunnaaWskipta.i(m݌ Ќ    TilboWsyfirlitskalstaWfestafFjrmlaeftirlitinuWurenYaWerbirtopinberlegaskv.114. r gr.EfumtalsverWarbreytingarverWaupplUsingumtilboWsyfirlitieftiraWYaWhefurveriW e= birtopinberlegaeWaeflj;skemuraWtilboWsyfirlituppfyllirekkiYrkrfursemnefndar 0 eru1.mgr.geturFjrmlaeftirlitiWkrafistYessaWnnariupplUsingarverWigerWaropinberar  innansjdaga.    FjrmlaeftirlitiWgeturmeWsamningifaliWkauphllaWannaststaWfestingutilboWsyfir i liti,sbr.138.gr.0samningiYessumskalkomaframhvaWaverkefnierufalinkauphllog \4 skilyrWiviWframkvmdYeirra.X;knunfyrirathugunogstaWfestingutilboWsyfirlitiskal ' kveWinafFjrmlaeftirlitinueWaviWkomandikauphll.    114.gr. `  OpinberbirtingtilboWsyfirlits. S+!   BirtaskalauglUsinguopinberlegaumtilboWsyfirliteinueWafleiridagblWumsemgefin " erut0slandieigisWarenfj;rumdgumWurentilboWtekurgildi,endaliggifyrirstaW # festingFjrmlaeftirlitsins,sbr.2.mgr.113.gr.0auglUsingunniskaltekiWframhvarnlgast  $ mtilboWsyfirlitiW.SamhliWaskalnafnskrWumhluthfumflagisemtilboWtekurtilsent !W% tilboWsyfirlitiWkostnaWtilboWsgjafa.TilboWsyfirlitskaleinnigkynnafyrirstarfsmnnum J""& viWkomandiflaga. #'   XII.KAFLI $ )  VerWmyndunskipulegumverWbrfamarkaWi.  v%N!* 115.gr. A&"+ GildissviWkaflans.  '", F  kvWiYessakaflatakatileftirfarandifjrmlagerninga: '#- ! ! (88"i(m"  i(m#2  1  .3  Ԉ0    fjrmlagerningasemteknirhafaveriWtilviWskiptaeWa;skaWhefurveriWeftiraWteknir ( verWitilviWskiptaskipulegumverWbrfamarkaWihrlandi,Evr;pskaefnahags  svWinueWasambrilegumerlendummrkuWum,ogi(m#P݌ Ќ  "i(m"  i(m42  2  .3  Ԉ0    fjrmlagerningasemtengdirerueinumeWafleirifjrmlagerningumskv.1.tlul.i(m4a݌a Ќ    & a kvWi117.gr.gildaeinnigumfjrmlagerningasemverslaWermeWmarkaWstorgifjr T, mlagerninga(MTF)hrlandiogfjrmlagerningasemtengdirerueinumeWafleirislkum  fjrmlagerningum.'aTr    kvWi117.gr.eigaekkiviWYegarumeraWrWa:   ! ! (88"i(m"  i(m2  1  .3  Ԉ0    viWskiptimeWeiginhlutiendurkaupatluneWaviWverWjfnunfjrmlagerninga,enda  X hafiviWskiptinfariWframsamrmiviWreglugerWsemsettskalgrundvelli118.gr.,i(mܢ݌K #  Ќ  "i(m"  i(mh2  2  .3  Ԉ0    viWskiptirkjaeWaseWlabankainnanEvr;pskaefnahagssvWisinseWaaWilasemannast    viWskiptifyrirYeirrahnd,endasuviWskiptinliWurstefnuYessaraaWilapeninga    mlum,gengismlumeWalnasUslu.i(mh݌  Ќ    & , 116.gr. B  ViWskiptavaki.    i  FjrmlafyrirtkisemhefurheimildtilverWbrfaviWskiptageturmeWsamningiviWtgef   andafjrmlagerningaskuldbundiW',BusigtilaWveraviWskiptavaki,Y.e.kaupaogseljafyrir {  eiginreikningeWareikningtgefandatilteknafjrmlagerninga,YvskyniaWgreiWafyrir nF aWmarkaWsverWskapistYeim. 9   ViWskiptavakiskaltilkynnaumsamningskv.1.mgr.tilskipulegsverWbrfamarkaWarYar  semviWkomandifjrmlagerningarhafaveriWteknirtilviWskipta.Tilkynninginskalinni  haldaeftirfarandiupplUsingarumsamninginn: r ! ! (88"i(m"  i(m2  1  .3  Ԉ0    lgmarksfjrhWkaup-ogslutilboWa,i(m݌e= Ќ  "i(m"  i(m2  2  .3  Ԉ0    hmarksfjrhWheildarviWskiptadaghvern,i(m«݌0 Ќ  "i(m"  i(m2  3  .3  Ԉ0    hmarksmunkaup-ogslutilboWumogi(mά݌ Ќ  "i(m"  i(m2  4  .3  Ԉ0    hvernigfjrmlafyrirtkiWhyggstaWWruleytifullngjaskyldumsnumsamkvmt  samningnum.i(mҭ݌i Ќ    ViWskiptavakiskaldaghvernsetjaframkaup-eWaslutilboWviWskiptakerfiskipulegs \4 verWbrfamarkaWarWurenmarkaWurinneropnaWur.VerWitilboWiviWskiptavakatekiWeWa ' YaWfelltniWurafhanshlfuskalhannsetjaframnUtttilboWeinsflj;ttogmgulegterYartil  hmarksfjrhWviWskiptafyrirdaghvernhefurveriWnW.    GerifjrmlafyrirtkiviWskiptavakasamningumviWskiptifyrirreikningtgefandaskal `  tryggtaWtgefandasekkiunntaWhafahrifkvarWanirumviWskiptigrundvellisamn S+! ingsins. "   117.gr.  $ MarkaWsmisnotkunogmilligangafjrmlafyrirtkis. !W%    MarkaWsmisnotkuner;heimil.MeWmarkaWsmisnotkunerttviWaW: J""& ! ! (Ũ08"i(m"  i(m2Ũ  1  .3  Ԉ0    eigaviWskiptieWageratilboWsem:i(m׳݌#' Ќ  "m"  m0  0 2Ũ  a  .3  Ԉ0v  gefaeWaerulklegtilaWgefaframboW,eftirspurneWaverWfjrmlagerningaranglega #( eWamisvsanditilkynna,eWamߴ݌$ )vv Ќ  "m"  mS0  0xx 2Ũ  b  .3  Ԉ0v  tryggja;eWlilegtverWeWabatilverWeinumeWafleirumfjrmlagerningum,nema v%N!* aWilinnsemttiviWskiptineWagaffyrirmliumYaugetisUntframaWstWuraW A&"+ bakiYeimsulgmtarogaWviWskiptineWafyrirmlinhafiveriWsamrmiviW  '", viWurkenndamarkaWsframkvmdviWkomandiskipulegumverWbrfamarkaWi.mS݌'#-vv Ќ  "i(m"  i(m2Ũ  2  .3  Ԉ0    eigaviWskiptieWageratilboWsembyggWerutilbningieWaYarsemnotuWerueinhver ( formblekkingareWasUndarmennsku.i(mJ݌ Ќ  "i(m"  i(m2Ũ  3  .3  Ԉ0    dreifaupplUsingum,frttumeWaorWr;misemgefaeWaerulklegtilaWgefarangareWa  misvsandiupplUsingareWavsbendingarumfjrmlagerninga,endahafissemdreifWi a upplUsingunumvitaWeWamttvitaaWupplUsingarnarvorurangareWamisvsandi.Xegar T, fjlmiWlamennmiWlaslkumupplUsingumkraftistarfssnsberaWmetaupplUsinga  miWluninameWhliWsj;nafreglumumstarfsgreinYeirra,svofremiYessiraWilarhlj;ti  hvorkivinningnhagnistafmiWlunviWkomandiupplUsingameWbeinumeWa;beinum   htti.i(mϺ݌ X Ќ  & a   FjrmlafyrirtkisemheimildhefurtilverWbrfaviWskiptaer;heimiltaWhafamilligngu K #  umverWbrfaviWskiptihafistarfsmennYessvitneskjueWagrunumaWviWskiptinbrj;tibga    viW1.mgr'aK q.      VaknigrunurhjstarfsmannifjrmlafyrirtkisumbrotgegnkvWum1.mgr.skalhann   YegarstaWtilkynnaYaWtilnstayfirmannseWaregluvarWar.ViWkomandifyrirtkierskylt wO  aWtilkynnaslkangrunYegarstaWtilFjrmlaeftirlitsinsenstarfsmannierYaWeinnig B  heimilt.UpplUsingagjffjrmlafyrirtkiseWastarfsmannsYesssemveitterg;Writrsam    kvmtYessarimlsgreintelstekkibrotYagnarskyldusemviWkomandierbundinnafsam   kvmtlgumeWameWWrumhtti.SlkupplUsingagjfleggurhvorkirefsi-nskaWab;ta {  byrgWherWarhlutaWeigandiaWilum.:heimilteraWupplUsaviWskiptamanneWaannanutan nF aWkomandiaWilaumaWFjrmlaeftirlitinuhafiveriWveittarupplUsingarskv.1.mlsl. 9   118.gr.  ReglugerW. r   RWherraskalsetjareglugerWumnnariskilgreiningar: e= ! ! (ե80"i(m"  i(m2ե  1  .3  Ԉ0    markaWsmisnotkun,i(mJ݌0 Ќ  "i(m"  i(m 2ե  2  .3  Ԉ0    viWurkenndrimarkaWsframkvmd,i(m :݌ Ќ  "i(m"  i(m 2ե  3  .3  Ԉ0    tilkynningumfjrmlafyrirtkjaeWastarfsmannaYeirraumgrunumbrot,sbr.3.mgr.  117.gr.,i(m :݌i Ќ  "i(m"  i(ma2ե  4  .3  Ԉ0    undanYgumfrkvWumummarkaWsmisnotkunvegnaendurkaupatlanaogverW \4 jfnunar.i(ma݌' Ќ    XIII.KAFLI   MeWferWinnherjaupplUsingaogviWskiptiinnherja.  `  119.gr. S+! GildissviWkaflans. "   kvWiYessakaflatakatileftirfarandifjrmlagerninga: # ! ! (88"i(m"  i(m2  1  .3  Ԉ0    fjrmlagerningasemteknirhafaveriWtilviWskiptaeWa;skaWhefurveriWeftiraWteknir  $ verWitilviWskiptaskipulegumverWbrfamarkaWihrlandi,Evr;pskaefnahags !W% svWinueWasambrilegumerlendummrkuWumogfjrmlagerningasemverslaWer J""& meWmarkaWstorgifjrmlagerninga(MTF)hrlandiogi(m݌#' Ќ  "i(m"  i(m#2  2  .3  Ԉ0    fjrmlagerningar,semtengdirerueinumeWafleirifjrmlagerningumskv.1.tlul.i(m#P݌#( Ќ    kvWi123.gr.eigaekkiviWYegarumeraWrWaviWskiptimeWeiginhlutiendurkaupa $ ) tlunumeWaviWverWjfnunfjrmlagerninga,endahafiviWskiptinfariWframsamrmi v%N!* viWreglugerWsemsettergrundvelli131.gr.nnurkvWikaflaYessaskulugildaeftir A&"+ atvikum.  '",  '#-   & , 120.gr. ( InnherjaupplUsingar.    MeWinnherjaupplUsingumerttviWngjanlegatilgreindarupplUsingarsemekkihafa  veriWgerWaropinberarogvarWabeint',(eWa;beinttgefendurfjrmlagerninga,fjrmlagern a inganasjlfaeWannuratriWiogerulklegartilaWhafamarktkhrifmarkaWsverWfjr T, mlagerningannaefopinberarvru,einsognnarerkveWiWumreglugerWsemsetterskv.  131.gr.TilkynningartilskipulegraverWbrfamarkaWaeWamarkaWstorgafjrmlagerninga  (MTF)teljastopinberarupplUsingarYegarYeimhefurveriWmiWlaWYaWan.AWrarupplUsingar   teljastopinberarYegar&  YeimhefurveriWmiWlaWverWbrfamarkaWnummeWopinberumog  X viWurkenndumhtti.'  K #    &  121.gr.    Innherji.   o  MeWinnherjaerttviW: wO  ! ! (88"i(m"  i(m2  1  .3  Ԉ0    fruminnherja,Y.e.aWilasemhefuraWjafnaWiaWgangaWinnherjaupplUsingumvegna B  aWildaraWstj;rn,rekstrieWaeftirlitieWavegnaannarrastarfavegumtgefandafjr    mlagerninga,' {i(m݌  Ќ  "i(m"  i(m2  2  .3  Ԉ0    tmabundinninnherja,Y.e.aWilasemtelstekkifruminnherjienbUryfirinnherjaupplUs {  ingumvegnaeignaraWildar,starfssns,stWueWaskyldna,ogi(m݌nF Ќ  "i(m"  i(mN2  3  .3  Ԉ0    annaninnherja,Y.e.aWilasemhvorkitelstfruminnherjintmabundinninnherjienhefur 9 fengiWvitneskjuuminnherjaupplUsingar,endahafiviWkomandivitaWeWamttvitahvers  eWlisupplUsingarnarvoru.i(mN{݌ Ќ    122.gr. e= UpplUsingaskylda,frestunupplUsingaskylduoglgmtmiWluninnherjaupplUsinga. 0 :  Btgefandafjrmlagerninga,semteknirhafaveriWtilviWskiptaskipulegumverWbrfa  markaWieWaverslaWermeWmarkaWstorgifjrmlagerninga(MTF),beraWtilkynnaYegar  staWallarYrinnherjaupplUsingarsemvarWahanntilviWkomandiskipulegsverWbrfamark i aWareWamarkaWstorgsfjrmlagerninga(MTF)YarsemfjrmlagerningarhanshafaveriW \4 teknirtilviWskipta.SkipulegurverWbrfamarkaWureWamarkaWstorgfjrmlagerninga(MTF) ' skalmiWlaupplUsingumskv.1.mlsl.upplUsingakerfisnuogteljastupplUsingarnaropin  berarYegarYeimhefurveriWmiWlaWYaWan.    XegarinnherjaupplUsingumhefurveriWmiWlaWmeWopinberumhttisamkvmtYessari `  greinskalviWkomanditgefandibirtainnherjaupplUsingarnarheimasWusinni. S+!   BtgefandafjrmlagerningaereiginbyrgWheimiltaWfrestabirtinguupplUsingaskv. " 1.mgr.tilaWverndalgmtahagsmunitgefandans,svoframarlegasemfrestuninerekki # lklegtilaWvillaumfyriralmenningiogtgefandigeturtryggttrnaWumupplUsingarnar  $ einsogkveWiWerumreglugerWsemsetjaskalskv.131.gr. !W%   NUtitgefandiheimildtilfrestunarskv.3.mgr.erhonum,eWaaWilaumboWihans,aWeins J""& heimiltaWltaYriWjaaWilainnherjaupplUsingarnart,endasYaWgerteWlilegusambandi #' viWstarf,stWueWaskyldurYesssemupplUsingarnarveitirogm;ttakandiupplUsingannaer #( bundinntrnaWiumYr,svosemsamkvmtlgum,reglugerWeWasamningi. $ )   v%N!*   &   123.gr. ( Innherjasvik.    Innherjaer;heimiltaW:  ! ! (88"i(m"  i(mq2  1  .3  Ԉ0    aflaeWarWstafafjrmlagerningummeWbeinumeWa;beinumhtti,fyrireiginreikning a eWaannarra,bihannyfirinnherjaupplUsingum,'($i(mq݌T, Ќ  "i(m"  i(m2  2  .3  Ԉ0    ltaYriWjaaWilainnherjaupplUsingart,nemaYaWsgerteWlilegusambandiviWstarf,  stWueWaskyldurYesssemupplUsingarnarveitir,i(m<݌ Ќ  "i(m"  i(m2  3  .3  Ԉ0    rWleggjaYriWjaaWilagrundvelliinnherjaupplUsingaaWaflafjrmlagerningaeWarW   stafaYeimeWahvetjaaWWruleytitilviWskiptameWfjrmlagerningana.i(m݌ X Ќ  & a   kvWi1.mgr.nreinnigtil: K #  ! ! (88"i(m"  i(m`2  1  .3  Ԉ0    lgaWilaogaWilasemtakaYttkvrWunumviWskiptimeWfjrmlagerningafyrir    reikninglgaWilans,'aK li(m`݌   Ќ  "i(m"  i(m2  2  .3  Ԉ0    aWilasembayfirinnherjaupplUsingumgrundvelli;lgmtsatferlis.i(m ݌  Ќ  & ,   kvWi1.tlul.1.mgr.ekkiviWum: wO  ! ! (%88"i(m"  i(m 2%  1  .3  Ԉ0    viWskiptiinnherjaYarsemfullngtergjaldfallinnisamningsskyldutilaWaflaeWarW B  stafafjrmlagerningumsemstofnaWvartilWureninnherjinnkomstyfirinnherjaupp    lUsingarnar,',w i(m 8݌  Ќ  "i(m"  i(m2%  2  .3  Ԉ0    viWskiptiYarsemfylgterbeinumfyrirmlumviWskiptavinarumrWstfun,pntuneWa {  miWlunfjrmlagerningaeWaYarsemframfylgtermeWvenjubundnumhttisamnings nF bundinniskylduumviWskiptavakasamrmiviWkvWiXII.kafla.i(m$݌9 Ќ    kvWi1.mgr.ekkiviWumviWskiptirkisins,SeWlabanka0slandseWaaWilasemannast  viWskiptifyrirYeirrahnd,endasuviWskiptinliWurstefnurkisinspeningamlum,gengis  mlumeWalnasUslu. r   124.gr. 0 Milligangafjrmlafyrirtkis.  J  FjrmlafyrirtkisemheimildhefurtilverWbrfaviWskiptaer;heimiltaWhafamilligngu  umverWbrfaviWskiptihafistarfsmennYessvitneskjueWagrunumaWviWskiptinbrj;tibga i viWkvWiYessakafla. \4   VaknigrunurhjstarfsmannifjrmlafyrirtkisumaWviWskiptiskv.1.mgr.hafifariW ' framskalhannYegarstaWtilkynnaYaWtilnstayfirmannseWaregluvarWar.ViWkomandi  fyrirtkierskyltaWtilkynnaslkangrunYegarstaWtilFjrmlaeftirlitsins,enstarfsmanni  erYaWeinnigheimilt.UpplUsingagjffjrmlafyrirtkiseWastarfsmannsYesssemveitter `  g;WritrsamkvmtYessarimlsgreintelstekkibrotYagnarskyldusemviWkomandier S+! bundinnafsamkvmtlgumeWameWWrumhtti.SlkupplUsingagjfleggurhvorkirefsi- " nskaWab;tabyrgWherWarhlutaWeigandiaWilum.:heimilteraWupplUsaviWskiptamann # eWaannanutanaWkomandiaWilaumaWFjrmlaeftirlitinuhafiveriWveittarupplUsingarskv.  $ 1.mlsl.Yessararmlsgreinar. !W%   125.gr. #' Ranns;knarskyldafruminnherja. #( 4  WurenfruminnherjiviWskiptimeWfjrmlagerningatgefanda,semhannerfruminn $ ) herji,skalhanngangarskuggaumaWekkiliggifyririnnherjaupplUsingarhjtgefandan v%N!* um.SamagildirumfyrirhuguWviWskiptimeWfjrmlagerningasemtengdireruslkumfjr A&"+ mlagerningumogfyrirhuguWviWskiptiaWilasemerfjrhagslegatengdurfruminnherja.  '",  '#-   & , 126.gr. ( Tilkynningarskyldafruminnherja.    FruminnherjiskalWurenhann,eWaaWilifjrhagslegatengdurhonum,viWskiptimeW  fjrmlagerningatgefandans,tilkynnaYaW',(aWilasemtilnefndurhefurveriWsamrmiviW a reglursemtgefnareruskv.130.gr.(regluverWi).FruminnherjiskalmeWsamahttitilkynna T, ntafarhafihanneWaaWilifjrhagslegatengdurhonumttviWskiptimeWfjrmlagerninga  tgefandans.&  ViWkomanditgefandiskalsamdgurstilkynnaumviWskiptintilFjrmlaeftir  litsins.'@   &    kvWi1.mgr.gildireinnigumfyrirhuguWviWskiptimeWfjrmlagerningasemtengdir  X erufjrmlagerningumskv.1.mgr.'  K #    & , 127.gr.    BirtingupplUsingaumviWskiptistj;rnenda.     AuktilkynningaumviWskiptiinnherjaskv.126.gr.bertgefandaYegarstaWaWsenda wO  upplUsingarumviWskiptistj;rnenda', tgefandameWhlutitgefandanum,ogaWrafjrmla B  gerningatengdaYeim,tilskipulegsverWbrfamarkaWarYarsemviWkomandifjrmlagern    ingarhafaveriWteknirtilviWskiptaeWa;skaWhefurveriWeftiraWYeirsuteknirtilviWskipta   eWamarkaWstorgsfjrmlagerninga(MTF)YarsemverslaWermeWviWkomandifjrmlagern {  inga.ViWkomandiskipulegurverWbrfamarkaWureWamarkaWstorgfjrmlagerninga(MTF) nF skalbirtaupplUsingarnaropinberlega,endanemimarkaWsvirWiviWskiptannaa.m.k.500.000 9 kr.eWasamanlgWeignabreytingviWkomandistj;rnandahlutumtgefandanumnstliWn  umfj;rumvikumnemia.m.k.1.000.000kr.    0tilkynninguskv.1.mgr.skaltilgreina: r ! ! (ե88"i(m"  i(m2ե  1  .3  Ԉ0    nafntgefandafjrmlagerninga,i(m݌e= Ќ  "i(m"  i(m2ե  2  .3  Ԉ0    dagsetningutilkynningar,i(m݌0 Ќ  "i(m"  i(m 2ե  3  .3  Ԉ0    nafnfruminnherja,eWafjrhagslegatengdsaWilaefviW,i(m  ݌ Ќ  "i(m"  i(m 2ե  4  .3  Ԉ0    tengslfruminnherjaviWtgefandafjrmlagerninga,i(m  ݌ Ќ  "i(m"  i(m 2ե  5  .3  Ԉ0    dagsetninguviWskiptaoghvenrdagsinsYauf;rufram,i(m  ݌i Ќ  "i(m"  i(m 2ե  6  .3  Ԉ0    tegundfjrmlagernings,i(m  ݌\4 Ќ  "i(m"  i(m 2ե  7  .3  Ԉ0    hvortumvaraWrWakaupeWaslu,i(m  ݌' Ќ  "i(m"  i(m2ե  8  .3  Ԉ0    nafnverWoggengiviWskiptum,i(m݌ Ќ  "i(m"  i(m2ե  9  .3  Ԉ0    nafnverWhlutarfruminnherjaannarsvegarogfjrhagslegatengdraaWilahinsvegareftir  viWskipti,ogi(m݌`  Ќ  "i(m "  i(m4222ե  10  .3  Ԉ0    dagsetningulokauppgjrsviWskiptanna,efviW.i(m4a݌S+! Ќ    MeWstj;rnendumlgumYessumerttviWstj;rnarmenn,forstj;ra,framkvmdastj;ra, " eftirlitsnefndirogaWrastj;rnendursemerufruminnherjarhjtgefandaoghafaumboWtil # aWtakakvarWanirsemgetahafthrifframtWarYr;unogafkomutgefandans.HiWsama  $ viWumaWilafjrhagslegatengdaframangreindumstj;rnendum. !W%   128.gr. #' Innherjaskr. #( %  BtgefandiskalsendaFjrmlaeftirlitinu,YvformisemeftirlitiWkveWur,eftirfarandi $ ) upplUsingarumfruminnherjaogtmabundnainnherja: v%N!*  ! ! (88 "i(m"  i(m2  1  .3  Ԉ0    heititgefanda,i(m2݌A&"+ Ќ  "i(m"  i(m2  2  .3  Ԉ0    skipuleganverWbrfamarkaWYarsem& a  fjrmlagerningartgefandahafaveriWteknirtil ( viWskiptaeWaYarsem;skaWhefurveriWeftiraWYeiryrWuteknirtilviWskiptaeWamark  aWstorgfjrmlagerninga(MTF)YarsemverslaWermeWviWkomandifjrmlagerninga,'a(i(m݌ Ќ  "i(m"  i(m_2  3  .3  Ԉ0    nafn,kennitluogheimilisfanginnherja,i(m_݌a Ќ  "i(m"  i(md2  4  .3  Ԉ0    tengslinnherjaviWtgefanda,i(md݌T, Ќ  "i(m"  i(ma2  5  .3  Ԉ0    stWuskrningarinnherja,ogi(ma݌ Ќ  "i(m"  i(m^2  6  .3  Ԉ0    nfnaWilasemerufjrhagslegatengdirinnherja.i(m^݌ Ќ  &    FjrmlaeftirlitiWskalhaldaskryfirfruminnherjaogtmabundnainnherja.Xverheimilt   aWkveWannarumupplUsingarsemveittarskulu' nskv.1.mgr.AllarbreytingarupplUsing  X umskv.1.mgr.skulutilkynntarFjrmlaeftirlitinuYegarstaW.&  EndurskoWaWanlistayfir K #  innherjaskalsendaFjrmlaeftirlitinueigisjaldnarensexmnaWafresti.'K       BtgefandiskaleinnigsendaupplUsingarskv.1.og2.mgr.tilskipulegs    verWbrfamarkaWarYarsemfjrmlagerningartgefandahafaveriWteknirtilviWskiptaeWa   Yarsem;skaWhefurveriWeftiraWYeiryrWuteknirtilviWskiptaeWamarkaWstorgs wO  fjrmlagerninga(MTF)YarsemverslaWermeWviWkomandifjrmlagerninga. B    UpplUsingarumfruminnherjainnherjaskrFjrmlaeftirlitsinsskulugerWaropinberar    meWYeimhttisemFjrmlaeftirlitiWkveWur.     129.gr. nF TilkynningumrttarstWuinnherja. 9 9"  BtgefandisemtilgreinthefurinnherjatilFjrmlaeftirlitsinsskv.128.gr.skaltilkynna  viWkomandiinnherjaumYaWskriflega.Jafnframtskaltgefanditilkynnainnherjaskriflega  YegarhannhefurveriWtekinnafskrnni. r   BtgefandiskalgreinainnherjafrYeimrttarreglumsemgildauminnherjaogmeWferW e= innherjaupplUsinga. 0   130.gr.  EftirlitmeWmeWferWinnherjaupplUsingaogviWskiptuminnherja. i $  Stj;rntgefandafjrmlagerningasemteknirhafaveriWtilviWskiptaskipulegumverW \4 brfamarkaWieWaverslaWermeWmarkaWstorgifjrmlagerninga(MTF)berbyrgWeftir ' litimeWYvaWreglumtgefnumafFjrmlaeftirlitinugrundvelli132.gr.,ummeWferWinn  herjaupplUsingaogviWskiptiinnherja,sfylgt.Stj;rnskalrWaregluvrWeWastaWfesta  formlegarWninguhans.MeWsamahttiskalrWastaWgengilregluvarWar.RegluvrWurhefur `  umsj;nmeWaWframangreindumreglumsframfylgtinnantgefandansoghonumberaW S+! leggjafyrirstj;rntgefandaskUrsluumframkvmdregluvrslusvooftsemYurfaYykir,Y; " eigisjaldnarenrlega. #   Stj;rnvldogaWriraWilarsemfreglulegainnherjaupplUsingarstarfsemisinniskulu  $ fylgjareglumFjrmlaeftirlitsinsummeWferWinnherjaupplUsingaogviWskiptiinnherjaeftir !W% YvsemviWgeturtt. J""&   131.gr. #( ReglugerW. $ ) !*  RWherraskalsetjareglugerWumnnariskilgreiningar: v%N!* ! ! (88"i(m"  i(m+2  1  .3  Ԉ0    innherjaupplUsingum,i(m++݌A&"+ Ќ  "i(m"  i(mx,2  2  .3  Ԉ0    innherjaupplUsingumYegarumeraWrWahrvruafleiWur,i(mx,,݌ '", Ќ  "i(m"  i(m-2  3  .3  Ԉ0    formiogefniopinberrarbirtingarinnherjaupplUsinga,i(m--݌'#- Ќ  "i(m"  i(m.2  4  .3  Ԉ0    lgmtumhagsmunumtilfrestunaropinberrarbirtingarinnherjaupplUsinga,i(m..݌( Ќ  "i(m"  i(m/2  5  .3  Ԉ0    &  tilkynningumfjrmlafyrirtkjaeWastarfsmannaYeirraumgrunumbrot,sbr.2.mgr.  124.gr.,'q0i(m/0݌ Ќ  "i(m"  i(mK12  6  .3  Ԉ0    undanYgumfrkvWumuminnherjasvikvegnaendurkaupatlanaogverWjfnunar.i(mK1x1݌a Ќ    &  132.gr.  ReglurFjrmlaeftirlitsins.  2  FjrmlaeftirlitiWskalsetjareglurum:   ! ! (88"i(m"  i(m32  1  .3  Ԉ0    meWferWinnherjaupplUsinga,Y.m.t.meWhvaWahttikomiWskulivegfyriraWinnherja  X upplUsingarberisttilannarraenYeirraerYarfnastYeirravegnastarfasinna,'2i(m34݌K #  Ќ  "i(m"  i(m52  2  .3  Ԉ0    viWskiptiinnherja,Y.m.t.hvernigranns;knarskyldufruminnherjaskv.125.gr.skuli    httaW,i(m55݌   Ќ  "i(m"  i(m72  3  .3  Ԉ0    hlutverkogstWuregluvarWar,sbr.130.gr.,i(m7?7݌  Ќ  "i(m"  i(m!82  4  .3  Ԉ0    skrningusamskiptasemframfaragrundvellireglnaskv.130.gr.,i(m!8N8݌wO  Ќ  "i(m"  i(mA92  5  .3  Ԉ0    skilgreiningufjrhagslegatengdraaWila,i(mA9n9݌B  Ќ  "i(m"  i(mI:2  6  .3  Ԉ0    innherjalista,i(mI:v:݌   Ќ  "i(m"  i(m3;2  7  .3  Ԉ0    tilkynningarumviWskiptifruminnherja,stj;rnendaogfjrhagslegatengdraaWila.i(m3;`;݌  Ќ    XIV.KAFLI nF  Eftirlit.  9 133.gr.  Almennteftirlit.  j<  FjrmlaeftirlitiWhefureftirlitmeWframkvmdlagaYessaraogreglnasettrasamkvmt r Yeim.UmheimildirYessfersamkvmtkvWumkaflaYessaogkvWumlagaumopinbert e= eftirlitmeWfjrmlastarfsemi.rsreikningaskrkannarhvortupplUsingarskv.VII.kaflaeru 0 samdarsamrmiviWviWeigandireikningsskilareglur.    0tengslumviWathuguntiltekinsmlserFjrmlaeftirlitinuheimiltaWkrefjaeinstaklinga  oglgaWilaumallarupplUsingarogggnsemYaWtelurnauWsynleg.FjrmlaeftirlitiWgetur i kallaWtilskUrslugjafareinstaklingasemYaWtelurbayfirupplUsingumumtiltekiWml. \4 LagakvWiumYagnarskyldutakmarkaekkiskyldutilYessaWveitaupplUsingarogaWgang ' aWggnumsamkvmtYessarigrein.    Sma-eWafjarskiptafyrirtkierskyltaWveitaFjrmlaeftirlitinuaWgangaWfyrirliggjandi  ggnumumsmtleWafjarskiptiviWtiltekinnsmaeWafjarskiptatkiendaliggifyrirsam `  YykkiumrWamannsogeiginlegsnotanda.EfsamYykkiumrWamannsogeiginlegsnotanda S+! smaeWafjarskiptatkisliggurekkifyrirerFjrmlaeftirlitinuheimiltaWkrefjastfyrird;mi " aWgangsaWggnumskv.1.mlsl.Yessararmlsgreinarhjsma-eWafjarskiptafyrirtki.Um # skilyrWiogmeWferWslkrarkrfufereftir87.gr.lagaummeWferWopinberramla,aWundan  $ skildumbliW2.mgr.greinarinnarsemekkiviWumaWgerWsamkvmtYessarimlsgrein. !W%   TeljiFjrmlaeftirlitiWaWekkihafiveriWfariWaWreglumumalmennttboWverWbrfa J""& geturYaWstWvaWtboWogveittfresttilrb;tasYesskostur.FjrmlaeftirlitiWgeturbirt #' opinberlegayfirlUsinguumumrttmloglagtdagsektireWafvtiYsemtengjastalmennu #( tboWisamkvmtlgumumopinberteftirlitmeWfjrmlastarfsemi. $ )   TeljiFjrmlaeftirlitiWaWekkihafiveriWfariWaWreglumumviWskiptavakageturYaWveitt v%N!*  viWskiptavakaviWvruneWaminningueWabirtopinberlegatilkynninguumvanefndir_hans. A&"+   Telji_FjrmlaeftirlitiW_ԀaW& a  ekkihafiveriWfariWaWreglumumopinberabirtinguupplUsinga ( skv.25.gr.og_VII_.,_VIII_.og_IX_.kaflaerYvheimiltaWgrpatilnauWsynlegra_rWstafana_Ԁtil  aWalmenningursrttilega'a(GupplUstur.    Telji_FjrmlaeftirlitiW_ԀhttsemiandstWakvWumlagaYessarageturstofnuninkrafist a YessaW_httseminni_ԀverWihttYegarstaW._FjrmlaeftirlitiW_ԀgeturjafnframtkrafistYessaW T, atvinnustarfsemiverWistWvuWtmabundiWYvskyniaWkomavegfyrirhttsemisemtalin  erandstWkvWumlagaYessara.Xgetur_FjrmlaeftirlitiW_ԀkrafistYessaWviWskiptimeW  tiltekna_fjrmlagerninga_ԀverWistWvuWtmabundiWmeWanathugunYesstilteknumli   stenduryfir._FjrmlaeftirlitiW_ԀgeturjafnframtkrafistYessaWviWskiptummeWtiltekna_fjr  X mlagerninga_ԀverWihttfyrirfulltogallt,hvortsemviWskiptinfaraframskipulegum_verW K #  brfamarkaWi_,markaWstorgi_fjrmlagerninga_Ԁ(_MTF_)eWameWWrumhtti,leiWiathugun    Yesslj;saWviWskiptinsuandstWuviWlg.      _FjrmlaeftirlitiW_Ԁgeturkrafist_kyrrsetningar_ԀeignaeinstaklingseWa_lgaWila_ԀYegarfyrir   liggurrkstuddurgrunurumaWhttsemihansfaribgaviWkvWilagaYessara.Umskil wO  yrWiog&  meWferWslkrarkrfufereftir85.gr.lagaummeWferWopinberramla,eftirYvsem B  viWgeturtt.'BP      UmeftirlitmeWframkvmdlagaYessaragildaaWWruleytikvWilagaumopinbert   eftirlitmeWfjrmlastarfsemi,YarmeWalYr_eftirlitsheimildir_ԀogrrWisemframkoma {  9.!11.gr.laganna. nF   134.gr.  EftirlitmeWalmennu_tboWi_ԀoglUsingum.  R  UmeftirlitmeWalmennu_tboWi_ԀoglUsingumogheimildirtil_framsals_Ԁferskv.133.gr. r   EftiraW_FjrmlaeftirlitiW_ԀhefurtekiWviWums;knumstaWfestingulUsinguerYvheimilt: e= ! ! (88"i(m"  i(mU2  1  .3  Ԉ0    aWkrefjastYessaWtgefendur,tilboWsgjafareWaaWilarsemskjaumtkutilviWskipta 0 skipulegum_verWbrfamarkaWi_ԀbirtiviWb;tarupplUsingarlUsingu,efYrfer,Yv  skyniaWverndafjrfesta,i(mUU݌ Ќ  "i(m"  i(mW2  2  .3  Ԉ0    aWkrefjastYessaWtgefendur,tilboWsgjafareWaaWilarsemskjaumtkutilviWskipta i skipulegum_verWbrfamarkaWi_ԀogaWilarsemYeirhafayfirrWyfireWarWayfirYeim \4 leggiframupplUsingarogskjl,i(mWW݌' Ќ  "i(m"  i(mY2  3  .3  Ԉ0    aWkrefjastYessaWendurskoWendurogstj;rnendurviWkomanditgefanda,_tilboWsgjafa_  eWaaWilasemskirumtkutilviWskiptaskipulegum_verWbrfamarkaWi_,semog_um  sj;naraWilar_Ԁ_tboWs_ԀeWatkutilviWskiptaskipulegum_verWbrfamarkaWi_,leggifram `  upplUsingar,i(mYZ݌S+! Ќ  "i(m"  i(m\2  4  .3  Ԉ0    aWfrestaalmennu_tboWi_ԀeWatkutilviWskiptaskipulegum_verWbrfamarkaWi_Ԁsamfellt " tuvirkadagaaWhmarkieinuogsamatilvikinuefrkstuddurgrunurerumaWbrotiW # hafiveriWbgaviW_VI_.kafla,i(m\]݌ $ Ќ  "i(m"  i(mA_2  5  .3  Ԉ0    aWbannaauglUsingareWafrestabirtinguYeirrasamfellttuvirkadagaaWhmarki !W% einuogsamatilvikinuefrkstuddurgrunurerumaWbrotiWhafiveriWbgaviW_VI_. J""& kafla,i(mA_n_݌#' Ќ  "i(m"  i(m3a2  6  .3  Ԉ0    aWbannaalmennttboWefbrotiWhefurveriWgegnkvWum_VI_.kafla,i(m3a`a݌#( Ќ  "i(m"  i(mb2  7  .3  Ԉ0    aWfrestaeWafaraframYaWviWviWkomandiskipulegamarkaWiaWYeirfrestiviWskipt $ ) umumsamfellttuvirkadagaaWhmarkieinuogsamatilvikinuefrkstuddurgrunur v%N!* erumaWbrotiWhafiveriWbgaviWkvWi_VI_.kafla,i(mbb݌A&"+ Ќ  "i(m"  i(md2  8  .3  Ԉ0    aWbannaviWskiptiskipulegum_verWbrfamarkaWi_ԀefYaWteluraWbrotiWhafiveriWgegn  '", kvWum_VI_.kafla,i(mdd݌'#- Ќ  _"i(m"  i(mf2  9  .3  Ԉ0    aWtilkynnaopinberlegaaWtgefandihafiekkiuppfylltskyldursnarskv.VI.kafla.i(mff݌( Ќ    XegarverWbrfhafaveriWtekintilviWskiptaskipulegumverWbrfamarkaWierFjrmla  eftirlitinujafnframtheimilt:  ! ! (%88 "i(m"  i(mi2%  1  .3  Ԉ0    & a aWkrefjastYessaWtgefandibirtiallarupplUsingarsemkynnuaWhafahrifmat a verWbrfumsemtekinhafaveriWtilviWskiptaskipulegumverWbrfamarkaWi,Yv T, skyniaWtryggjaverndfjrfestaogeWlilegastarfsemimarkaWarins,'aii(miLi݌ Ќ  "i(m"  i(mYk2%  2  .3  Ԉ0    & a aWstWvaeWa;skaeftirYvviWviWkomandiskipuleganverWbrfamarkaWaWviWskiptin  verWistWvuWtmabundiWeWa;tmabundiWeftiratvikum,efeftirlitiWteluraWaWstWur   tgefandanssuYannigaWviWskiptinmunduskaWahagsmunifjrfesta,'aki(mYkk݌ X Ќ  "i(m"  i(mm2%  3  .3  Ԉ0    aWltafaraframathugunhjtgefandainnanlgrWasvWissnstilaWsannreynahvort K #  fariWseftirkvWumVI.kafla.i(mmm݌   Ќ    &  135.gr.   EftirlitmeWopinberribirtinguupplUsinga. wO  8o  FjrmlaeftirlitiWskalfylgjastmeWYvaWtgefendurbirtiupplUsingarvegnaVII.,VIII. B  ogIX.kaflatmanlegameWYaWaWmarkmiWiaWsjtilYessaWalmenningurEvr;pskaefna    hagssvWinuhafivirkanogjafnanaWgangaWYeim.' DoԀ     FjrmlaeftirlitiWskaljafnframtfylgjastmeWYvaWtgefendurverWbrfa,semtekinhafa {  veriWtilviWskiptaskipulegumverWbrfamarkaWi0slandienekkiheimarkitgefandans, nF birtiupplUsingarvegnaVII.,VIII.ogIX.kaflatmanlegameWYaWaWmarkmiWiaWsjtil 9 YessaWalmenningurEvr;pskaefnahagssvWinuhafivirkanogjafnanaWgangaWYeim.    AfliFjrmlaeftirlitiWupplUsingaskv.2.mgr.133.gr.frendurskoWendum,tgefendum,  eigendumhlutaogannarrafjrmlagerningaeWaaWilumsemnefndireru79.og80.gr.,auk r aWilasemhafaframangreindaaWilaundiryfirrWumsnumeWaframangreindiraWilarhafa e= yfirrWyfir,tengslumviWtiltekiWmlvegnaVII.,VIII.ogIX.kafla,erYvheimiltaWfara 0 framaWtgefandibirtiupplUsingarnaropinberlegameWYeimaWferWumoginnanYessfrests  semFjrmlaeftirlitiWtelurnauWsynlegt.SinnitgefandiekkibeiWniFjrmlaeftirlitsinsgetur  YaWbirtviWkomandiupplUsingaraWeiginfrumkvWihafieftirlitiWWurveittviWkomandi i tgefandatkifritilandmla. \4   EftgefandimeWskrWaskrifstofurkiutanEvr;pskaefnahagssvWisinsenheimarki ' 0slandibirtirupplUsingarYvrkiYarsemhannermeWskrWaskrifstofu,geturFjrmla  eftirlitiWfariWframaWtgefandinnbirtiYropinberlegaEvr;pskaefnahagssvWinuef  YaWteluraWYrgtureynstmikilvgarfyriralmenningYar.SinnitgefandiekkibeiWni `  FjrmlaeftirlitsinsgeturYaWbirtviWkomandiupplUsingaraWeiginfrumkvWihafiYaWWur S+! veittviWkomanditgefandatkifritilandmla. "   136.gr.  $ MiWlgvarWveisla. !W% y  FjrmlaeftirlitiW,eWaaWilisemFjrmlaeftirlitiWtilnefnir,skalvarWveitaupplUsingarsem J""& birtareruopinberlegasamrmiviWkvWiVII.,VIII.ogIX.kaflameWrafrnumhtti #' miWlgugeymslukerfi. #(   MiWlgageymslukerfiWskaluppfyllakrfurumryggi,reiWanleikaumhvaWanupplUs $ ) ingareruupprunnar,tmaskrninguogauWveldanaWgangfyrirnotendur. v%N!*   A&"+   137& ,  .gr. ( VarWarrWstafaniref0slandergistirki.  |  Ef0slandergistirkiogFjrmlaeftirlitiWkemstaWYvaWtgefandieWaflggunarskyldur  aWiliskv.78.,79.eWa80.gr.hefursUntafsr',(|httsemisembrytigegnkvWumVII.,VIII. a eWaIX.kaflaYessaraeWaskyldumsamkvmtYeim,vriviWkomandiaWilimeWheimarki T, 0slandi,skalFjrmlaeftirlitiWvsamlinutillgbrsstj;rnvaldsheimarkitgefanda.  kvWi1.mlsl.ekkiviWumfrestiskv.86.eWa87.gr.0YeimtilvikumskalFjrmlaeftir  litiWvsamlitillgbrsstj;rnvaldsheimarkitgefandaefflggunarskylduraWiliskv.78.,   79.eWa80.gr.hefurekkisenttilkynninguaWfj;rumviWskiptadgumliWnumfrstofnun  X flggunarskyldueWaeftgefandihefurekkibirtupplUsingartilkynninguopinberlegaaW K #  YremurviWskiptadgumliWnumfrYvaWhonumbarsttilkynningin.      EftgefandieWaflggunarskylduraWiliskv.78.,79.eWa80.gr.heldurframaWbrj;ta    viWkomandilgeWareglur,YrttfyrirrWstafanirlgbrsstj;rnvaldsheimarkisinseWa   vegnaYessaWslkarrWstafanirberaekkirangurskalFjrmlaeftirlitiW,& a eftiraWhafa wO  tilkynntYaWlgbruyfirvaldiheimarkis,geraallarviWeigandirWstafanirtilaWvernda B  fjrfesta.'aw      138.gr. {  EftirlitskipulegsverWbrfamarkaWar. nF   FjrmlaeftirlitinuerheimiltaWfelaskipulegumverWbrfamarkaWieftirlitsverkefnisam 9 kvmtlgumYessum.FjrmlaeftirlitinuerheimiltaWveitaskipulegumverWbrfamarkaWi  upplUsingarervarWaslkeftirlitsverkefni.SkipulegumverWbrfamarkaWierheimiltaWafla  upplUsingahjaWilumviWkomandimarkaWarvegnaeftirlitsverkefnasemhonumerufalin r samkvmtYessarimlsgrein.HeimildtilgjaldtkuvegnaeinstakraverkefnasemFjrmla e= eftirlitinuerveittlgumYessumviWumskipuleganverWbrfamarkaWhafihonumveriW 0 falinviWkomandiverkefni.    Geraskalgreinfyrireftirlitiskv.1.mgr.yfirlUsinguundirritaWriafFjrmlaeftirlitinu  ogskipulegumverWbrfamarkaWi.YfirlUsinginskalbirtopinberlega.0yfirlUsingunniskal i kveWiWumforsendureftirlitssemskipulegurverWbrfamarkaWursinnir,framkvmdYess \4 ogverkaskiptiFjrmlaeftirlitsinsoghinsskipulegaverWbrfamarkaWar.EinnigskalkveWiW ' umfyrirkomulagupplUsingamiWlunarskv.1.mgr.    139.gr. `  GagnsistrfumFjrmlaeftirlitsins. S+!   FjrmlaeftirlitinuerheimiltaWbirtaopinberleganiWurstWurmlumogathugunumer " varWakvWilagaYessara,nemaefslkbirtingverWurtalinstefnahagsmunumfjrmlamark # aWarinshttu,varWarekkihagsmunihanssemslkseWaveldurhlutaWeigandiaWilumtj;ni  $ semekkiereWlilegusamrmiviWYaWbrotsemumrWir.FjrmlaeftirlitiWskalbirtaopin !W% berlegaYstefnusemeftirlitiWfylgirviWframkvmdslkrarbirtingar. J""&   140.gr. #( ReglugerW. $ )   RWherraerheimiltaWsetjannarikvWiumkrfurtilmiWlgsgeymslukerfisreglu v%N!* gerW. A&"+    '",   XV.K&   AFLI (  ViWurlg.   141.gr.  Stj;rnvaldssektir. a č  FjrmlaeftirlitiWgeturlagtstj;rnvaldssekt'(ՍirhvernYannsembrUturgegn: T, ! ! (588"i(m"  i(m25  1  .3  Ԉ0    1.mgr.44.gr.umalmennttboWverWbrfaoglUsingu,i(m݌ Ќ  "i(m"  i(mӐ25  2  .3  Ԉ0    45.gr.umupplUsingarlUsingu,i(mӐ݌ Ќ  "i(m"  i(m֑25  3  .3  Ԉ0    1.mgr.46.gr.umviWaukaviWlUsingu,i(m֑݌  Ќ  "i(m"  i(m25  4  .3  Ԉ0    1.mgr.48.gr.umrlegaupplUsingagjf,i(m݌ X Ќ  "i(m"  i(m25  5  .3  Ԉ0    57.gr.umopinberabirtingursreiknings,i(m݌K #  Ќ  "i(m"  i(m25  6  .3  Ԉ0    58.gr.umopinberabirtingurshlutareikningsvegnafyrstusexmnaWareikningsrsins,i(m݌   Ќ  "i(m"  i(m&25  7  .3  Ԉ0    1.mgr.59.gr.umbirtingugreinargerWarfrstj;rn,i(m&S݌   Ќ  "i(m"  i(m=25  8  .3  Ԉ0    1.mgr.62.gr.umopinberabirtinguEvr;pskaefnahagssvWinuogsendinguupplUs   ingatilFjrmlaeftirlitsins,i(m=j݌wO  Ќ  "i(m"  i(m25  9  .3  Ԉ0    63.gr.umsendinguupplUsingatilFjrmlaeftirlitsins,i(m֘݌B  Ќ  "i(m "  i(m2225  10  .3  Ԉ0    64.gr.umtunguml,i(m݌   Ќ  "i(m "  i(m2225  11  .3  Ԉ0    1.!3.mgr.68.gr.umopinberabirtinguupplUsinga,i(mޚ݌  Ќ  "i(m "  i(mǛ2225  12  .3  Ԉ0    69.gr.umsendingudragaaWbreytingumstofnsamningieWasamYykktumtilFjrmla {  eftirlitsinseWaskipulegsverWbrfamarkaWar,i(mǛ݌nF Ќ  "i(m "  i(mN2225  13  .3  Ԉ0    1.mgr.73.gr.umopinberabirtinguupplUsingaskv.VIII.kaflaogsendinguupplUsinga 9 tilFjrmlaeftirlitsins,i(mN{݌ Ќ  "i(m "  i(m2225  14  .3  Ԉ0    74.gr.umsendinguupplUsingatilFjrmlaeftirlitsins,i(m݌ Ќ  "i(m"  i(mП2225  15  .3  Ԉ0    75.gr.umtunguml,i(mП݌r Ќ  "i(m"  i(m2225  16  .3  Ԉ0    1.og2.mgr.78.gr.umflggunarskyldu,i(m݌e= Ќ  "i(m"  i(mǡ2225  17  .3  Ԉ0    79.gr.umflggunarskylduviWsrstakaraWstWur,i(mǡ݌0 Ќ  "i(m"  i(mߢ2225  18  .3  Ԉ0    84.gr.umskyldutgefandatilaWbirtaopinberlegaupplUsingarumheildarfjldahluta  ogheildarfjldaatkvWasWastaviWskiptadegiYessmnaWarerbreytingarnareigasr  staW,i(mߢ ݌i Ќ  "i(m"  i(m2225  19  .3  Ԉ0    1.mgr.85.gr.umefniflggunartilkynninga,i(mޤ݌\4 Ќ  "i(m"  i(m2225  20  .3  Ԉ0    86.gr.umtmafrestitilkynningafrflggunarskyldumaWila,i(m݌' Ќ  "i(m"  i(mئ2225  21  .3  Ԉ0    1.mgr.87.gr.umbirtingutgefandaupplUsingumtilkynninga,i(mئ݌ Ќ  "i(m"  i(m2225  22  .3  Ԉ0    93.gr.umflggunarskylduvegnaeiginhluta,i(m%݌ Ќ  "i(m"  i(m2225  23  .3  Ԉ0    1.mgr.95.gr.umopinberabirtingutgefandaupplUsingumskv.IX.kaflaogsendingu `  upplUsingatilFjrmlaeftirlitsins,i(m/݌S+! Ќ  "i(m"  i(mw2225  24  .3  Ԉ0    96.gr.umsendinguupplUsingatilFjrmlaeftirlitsins,i(mw݌" Ќ  "i(m"  i(m2225  25  .3  Ԉ0    97.gr.umtunguml,i(m݌# Ќ  "i(m"  i(m2225  26  .3  Ԉ0    1.mgr.100.gr.umtilboWsskyldu,i(m݌ $ Ќ  "i(m"  i(m2225  27  .3  Ԉ0    6.mgr.100.gr.,2.mgr.101.gr.og114.gr.umtilboWsyfirlit,i(m݌!W% Ќ  "i(m"  i(m2225  28  .3  Ԉ0    102.gr.umtilkynninguumtilboW,i(mЮ݌J""& Ќ  "i(m"  i(m2225  29  .3  Ԉ0    1.!7.mgr.103.gr.umskilmlatilboWs,i(mү݌#' Ќ  "i(m"  i(m2225  30  .3  Ԉ0    104.gr.umskyldurstj;rnar,i(mݰ݌#( Ќ  "i(m"  i(m2225  31  .3  Ԉ0    2.mgr.106.gr.um;gildingutilboWs,i(mڱ݌$ ) Ќ  "i(m"  i(m2225  32  .3  Ԉ0    3.mgr.107.gr.umskyldutilaWbirtabreytingartilboWiopinberlega,i(m݌v%N!* Ќ  "i(m "  i(m2225  33  .3  Ԉ0    1.mgr.109.gr.umupplUsingarumniWurstWurtilboWs,i(m݌A&"+ Ќ  "i(m!"  i(m2225  34  .3  Ԉ0    116.gr.umtilkynningarviWskiptavaka,i(m/݌ '", Ќ  "i(m""  i(m 2225  35  .3  Ԉ0    117.gr.ummarkaWsmisnotkunogmilligngufjrmlafyrirtkis,i(m 6݌'#- Ќ  "i(m#"  i(m'2225  36  .3  Ԉ0    122.gr.umupplUsingaskyldu,frestunupplUsingaskylduoglgmtamiWluninnherja ( upplUsinga,i(m'T݌ Ќ  "i(m$"  i(m2225  37  .3  Ԉ0    123.gr.uminnherjasvik,i(m݌ Ќ  "i(m%"  i(mz2225  38  .3  Ԉ0    1.mgr.124.gr.ummilligngufjrmlafyrirtkis,i(mz݌a Ќ  "i(m&"  i(m2225  39  .3  Ԉ0    125.gr.umranns;knarskyldufruminnherja,i(m݌T, Ќ  "i(m'"  i(m2225  40  .3  Ԉ0    126.gr.umtilkynningarskyldufruminnherja,i(m݌ Ќ  "i(m("  i(m2225  41  .3  Ԉ0    127.gr.umbirtinguupplUsingaumviWskiptistj;rnenda,i(mɼ݌ Ќ  "i(m)"  i(m2225  42  .3  Ԉ0    128.gr.uminnherjaskr,i(m݌  Ќ  "i(m*"  i(m2225  43  .3  Ԉ0    129.gr.umtilkynningutilinnherja,i(mݾ݌ X Ќ  "i(m+"  i(m2225  44  .3  Ԉ0    &  130.gr.umeftirlitmeWmeWferWinnherjaupplUsingaogviWskiptuminnherja,i(m߿݌K #  Ќ  "i(m,"  i(m2225  45  .3  Ԉ0    sttmilliFjrmlaeftirlitsinsogaWila,sbr.142.gr.'K Li(m"݌   Ќ    XgeturFjrmlaeftirlitiWlagtstj;rnvaldssektirhvernYannsembrUturgr;flegaeWa    trekaWgegn5.!21.og25.gr.umrttindiogskyldurfjrmlafyrirtkja.   &    SektirsemlagWarerueinstaklingagetanumiWfr10Ys.kr.til20millj.kr.Sektirsem wO  lagWarerulgaWilagetanumiW'wfr50Ys.kr.til50millj.kr.ViWkvrWunsektaskalm.a. B  tekiWtillittilalvarleikabrots,hvaWYaWhefurstaWiWlengi,samstarfsviljahinsbrotlegaaWila    oghvortumtrekaWbroteraWrWa.kvarWanirumstj;rnvaldssektirskuluteknarafstj;rn   FjrmlaeftirlitsinsogeruYraWfararhfar.Sektirrennarkissj;WaWfrdregnumkostnaWi {  viWinnheimtuna.Sustj;rnvaldssektirekkigreiddarinnanmnaWarfrkvrWunFjrmla nF eftirlitsinsskalgreiWadrttarvextiaffjrhWsektarinnar.UmkvrWunogtreikningdrttar 9 vaxtafereftirlgumumvextiogverWtryggingu.    Stj;rnvaldssektumverWurbeitt;hWYvhvortlgbroteruframinafsetningieWagleysi.    & a 142.gr. e=   HafiaWiligerstbrotlegurviWkvWilagaYessaraeWakvarWanirFjrmlaeftirlitsins 0 grundvelliYeirraerFjrmlaeftirlitinuheimilt'aeaWljkamlinumeWsttmeWsamYykkimls  aWila,endasekkiumaWrWameirihttarbrotsemrefsiviWurlgliggjaviW.Stterbindandi  fyrirmlsaWilaYegarhannhefursamYykktogstaWfestefnihennarmeWundirskriftsinni. i FjrmlaeftirlitiWseturnnarireglurumframkvmdkvWisins. \4   143.gr.  _  0mlisembeinistaWeinstaklingioglokiWgeturmeWlagningustj;rnvaldssektaeWakru  tillgregluhefurmaWur,semrkstuddurgrunurleikuraWhafigerstsekurumlgbrot,rtt `  tilaWneitaaWsvaraspurningumeWaafhendaggneWamuninemahgtsaWtilokaaWYaW S+! getihaftYUWingufyrirkvrWunumbrothans.FjrmlaeftirlitiWskalleiWbeinahinumgrun " aWaumYennanrtt. #   144.gr. !W%   HeimildFjrmlaeftirlitsinstilaWleggjastj;rnvaldssektirsamkvmtlgumYessum J""& fellurniWurYegarsjreruliWinfrYvaWhttsemilauk. #'   Fresturskv.1.mgr.rofnarYegarFjrmlaeftirlitiWtilkynniraWilaumranns;knmeintu #( broti.RoffrestshefurrttarhrifgagnvartllumsemstaWiWhafaaWbrotinu. $ )   v%N!*   145.& ,  gr. ( SektireWafangelsialltaWtveimurrum.    XaWvarWarsektumeWafangelsialltaWtveimurrum,liggiYyngrirefsingekkiviWbroti  samkvmtWrumlgum,aWbrj;tagegnkv',(Wum: a ! -! (E88-"i(m"  i(m(2E  1  .3  Ԉ0    1.mgr.44.gr.umalmennttboWverWbrfaoglUsingu,i(m(U݌T, Ќ  "i(m"  i(mC2E  2  .3  Ԉ0    45.gr.umupplUsingarlUsingu,i(mCp݌ Ќ  "i(m"  i(mF2E  3  .3  Ԉ0    1.mgr.46.gr.umviWaukaviWlUsingu,i(mFs݌ Ќ  "i(m"  i(mR2E  4  .3  Ԉ0    1.mgr.48.gr.umrlegaupplUsingagjf,i(mR݌  Ќ  "i(m"  i(mZ2E  5  .3  Ԉ0    1.og2.mgr.78.gr.umflggunarskyldu,i(mZ݌ X Ќ  "i(m"  i(m_2E  6  .3  Ԉ0    79.gr.umflggunarskylduviWsrstakaraWstWur,i(m_݌K #  Ќ  "i(m"  i(mv2E  7  .3  Ԉ0    93.gr.umflggunarskylduvegnaeiginhluta,i(mv݌   Ќ  "i(m"  i(m2E  8  .3  Ԉ0    1.mgr.100.gr.umtilboWsskyldu,i(m݌   Ќ  "i(m"  i(m2E  9  .3  Ԉ0    6.mgr.100.gr.og2.mgr.101.gr.umtilboWsyfirlit,i(m݌  Ќ  "i(m "  i(m222E  10  .3  Ԉ0    102.gr.umtilkynninguumtilboW,i(m݌wO  Ќ  "i(m "  i(m222E  11  .3  Ԉ0    1.!7.mgr.103.gr.umskilmlatilboWs,i(m݌B  Ќ  "i(m "  i(m222E  12  .3  Ԉ0    104.gr.umskyldurstj;rnar,i(m݌   Ќ  "i(m "  i(m222E  13  .3  Ԉ0    2.mgr.106.gr.um;gildingutilboWs,i(m݌  Ќ  "i(m "  i(m222E  14  .3  Ԉ0    1.mgr.109.gr.umupplUsingarumniWurstWurtilboWs,i(m݌{  Ќ  "i(m"  i(m222E  15  .3  Ԉ0    116.gr.umtilkynningarviWskiptavaka,i(m݌nF Ќ  "i(m"  i(m222E  16  .3  Ԉ0    122.gr.umupplUsingaskyldu,frestunupplUsingaskylduoglgmtamiWluninnherja 9 upplUsinga,i(m݌ Ќ  "i(m"  i(m,222E  17  .3  Ԉ0    125.gr.umranns;knarskyldufruminnherja,i(m,Y݌ Ќ  "i(m"  i(m6222E  18  .3  Ԉ0    126.gr.umtilkynningarskyldufruminnherja,i(m6c݌r Ќ  "i(m"  i(m?222E  19  .3  Ԉ0    127.gr.umbirtinguupplUsingaumviWskiptistj;rnenda,i(m?l݌e= Ќ  "i(m"  i(m]222E  20  .3  Ԉ0    128.gr.uminnherjaskr,i(m]݌0 Ќ  "i(m"  i(mS222E  21  .3  Ԉ0    130.gr.umeftirlitmeWmeWferWinnherjaupplUsingaogviWskiptuminnherja.i(mS݌ Ќ    146.gr. i SektireWafangelsialltaWsexrum. \4   XaWvarWarsektumeWafangelsialltaWsexrum,liggiYyngrirefsingekkiviWbroti ' samkvmtWrumlgum,aWbrj;tagegnkvWum:  ! ! (U88"i(m"  i(m2U  1  .3  Ԉ0    1.mgr.117.gr.ummarkaWsmisnotkun,i(m݌ Ќ  "i(m"  i(m2U  2  .3  Ԉ0    2.mgr.117.gr.og1.mgr.124.gr.ummilligngufjrmlafyrirtkis,i(m݌`  Ќ  "i(m"  i(m2U  3  .3  Ԉ0    123.gr.uminnherjasvik.i(m݌S+! Ќ    147.gr. #   BrotgegnlgumYessumervarWasektumeWafangelsivarWarefsinguhvortsemYaueru  $ framinafsetningieWagleysi. !W%   HeimilteraWgeraupptkanmeWd;mibeinaneWa;beinanhagnaWsemhlotisthefuraf J""& brotigegnkvWumlagaYessaraervarWasektumeWafangelsi. #'   TilrauntilbrotseWahlutdeildbrotumsamkvmtlgumYessumerrefsiverWeftirYvsem #( segiralmennumhegningarlgum. $ )   148.gr. A&"+ 5  BrotgegnlgumYessumstaaWeinsopinberriranns;knaWundangenginnikruFjr  '", mlaeftirlitsinstillgreglu. '#-   VarWimeintbrotlgumYessumbWistj;rnvaldssektumogrefsingumeturFjrmla ( eftirlitiWhvortmlskulikrttillgreglueWaYvlokiWmeWstj;rnvaldskvrWunhj  stofnuninni.EfbroterumeirihttarberFjrmlaeftirlitinuaWvsaYeimtillgreglu.Brot  telstmeirihttarefYaWlUturaWverulegumfjrhWum,efverknaWurerframinnmeWsrstak a legavtaverWumhttieWaviWaWstWursemaukamjgsaknmibrotsins.Jafnframtgetur T, FjrmlaeftirlitiWhvaWastigiranns;knarsemervsaWmlivegnabrotalgumYessumtil  opinberrarranns;knar.GtaskalsamrmisviWrlausnsambrilegramla.    MeWkruFjrmlaeftirlitsinsskulufylgjaafritYeirragagnasemgrunurumbroter   studdurviW.kvWiIV.!VII.kaflastj;rnsUslulagagildaekkiumkvrWunFjrmlaeftir  X litsinsumaWkramltillgreglu. K #    FjrmlaeftirlitinuerheimiltaWltalgregluogkruvalditupplUsingarogggnsem    stofnuninhefuraflaWogtengjastYeimbrotumsemtilgreinderu2.mgr.Fjrmlaeftirlitinu    erheimiltaWtakaYttaWgerWumlgreglusemvarWaranns;knYeirrabrotasemtilgreinderu   2.mgr. wO    LgregluogkruvaldierheimiltaWltaFjrmlaeftirlitinutupplUsingarogggnsem B  hnhefuraflaWogtengjastYeimbrotumsemtilgreinderu2.mgr.LgregluerheimiltaW    takaYttaWgerWumFjrmlaeftirlitsinssemvarWaranns;knYeirrabrotasemtilgreinderu   2.mgr. {    TeljikrandiaWekkisuefnitilmlshfWunarvegnameintrarrefsiverWrarhttsemisem nF jafnframtvarWarstj;rnsUsluviWurlgumgeturhannsenteWaendursentmliWtilFjrmlaeftir 9 litsinstilmeWferWarogkvrWunar.    XVI.KAFLI r  Gildistakao.fl.  e= 149.gr. 0 InnleiWing.  @  LgYessierusetttilYessaWtakauppinnlendanrttkvWitilskipanarWsins89/298/  EBEumsamrmingukrfumviWgerW,athugunogdreifingutboWslUsingusembirta i skalviWalmennttboWframseljanlegraverWbrfa,89/592/EBEumsamrmingureglum \4 uminnherjaviWskipti,2001/34/EBumsamrminguskrningarkrfumsemgerWarerutil ' verWbrfakauphllumogupplUsingaskylduvegnaslkraverWbrfa,tilskipunarEvr;pu  YingsinsogrWsins2004/39/EBfr21.aprl2004ummarkaWifyrirfjrmlagerningaogum  breytingutilskipunumrWsins85/611/EBEog93/6/EBEogtilskipunEvr;puYingsinsog `  rWsins2000/12/EBogumniWurfellingutilskipunrWsins93/22/EBE,ogtilskipunar S+! Evr;puYingsinsogrWsins2004/109/EBumsamrmingukrafnaumgagnsitengslumviW " upplUsingarumtgefendurverWbrfasemeruskrWskipuleganmarkaWogumbreytingu # tilskipun2001/34/EB.  $   XtakakvWilagaYessarauppinnlendanrttkvWitilskipunarEvr;puYingsinsog !W% rWsins2003/6/EBuminnherjaviWskiptiogmarkaWsmisnotkun(markaWssvik),tilskipunar J""& framkvmdastj;rnarinnar2003/124/EBumskilgreininguogbirtinguinnherjaupplUsingum #' ogskilgreiningumarkaWsmisnotkun,tilskipunar2003/125/EBumframsetninguogbirtingu #( greiningaoghvernigrWleggingumumfjrfestinguverWbrfumskulihagaW,samtkvW $ ) umumhvenrskyltsaWupplUsaumhagsmunioghagsmunarekstra,tilskipunar2004/ v%N!* 72/EBumviWurkenndamarkaWsframkvmd,skilgreininguinnherjaupplUsingumtengslum A&"+ viWhrvruafleiWur,samninguinnherjalista,tilkynninguumviWskiptistj;rnendaogtilkynn  '", inguumgrunsamlegviWskipti,reglugerWarnr.2273/2003/EBumundanYgurfyrirendur '#- kaupatlanirogverWjfnunfjrmlagerninga,tilskipunarEvr;puYingsinsogrWsins2004/ ( 25/EBumyfirtkutilboWogtilskipunarrWsins2003/71/EBEumtboWs-ogskrningarlUs  ingarsembirtaskalviWalmennttboWverWbrfaeWaYegarYauerutekintilskrningar.    150.gr. T, Gildistaka.  g  LgYessiWlastgildi1.n;vember2007.Jafnframtfallalgnr.33/2003,umverWbrfa  viWskipti,rgildi.      &  kvWitilbrWabirgWa. K #  I.     {  XeiraWilarsemhafaleyfitilrekstursmarkaWstorgsskv.34.gr.laganr.34/1998,umstarf    semikauphallaogskipulegratilboWsmarkaWa,skuluviWgildistkulagaYessarafleyfitil   rekstursmarkaWstorgsfjrmlagerninga(MTF)samkvmtlgumYessum. wO  'K    & a II.     m  EigifjrmlafyrirtkiviWgildistkulagaYessaraviWskiptumviWaWilasemtelstvera   fagfjrfestirogbyggiYaWfaglegu'a ymatiaWviWkomandihafingjanlegaYekkinguog {  reynslutilaWtakaeiginkvarWanirumfjrfestingar,YerYvheimiltaWflokkaviWkomandi nF fram&  semfagfjrfesti.FjrmlafyrirtkiWskalgeraviWkomandifagfjrfestigreinfyrirslkri 9 kvrWun.'9P      III.  r    Birtingrsreiknings,eWasamstWureikningsefviW,vegnareikningsrsins2007skalfara e= framsamrmiviWkvWi57.gr.FyrstareikningsriWsemkvWi58.gr.og59.gr.taka 0 tilerreikningsriW2008.  @ #dggAthugasemdirviWlagafrumvarpYetta.#ggd Ԉ i   FrumvarpYettamiWaraWYvaWkomatilframkvmdahrlanditveimurtilskipunum \4 Evr;pusambandsins.AnnarsvegarerumaWrWatilskipunEvr;puYingsinsogrWsins2004/ ' 39/EBfr21.aprl2004ummarkaWifyrirfjrmlagerningaogumbreytingutilskipunum  rWsins85/611/EBEog93/6/EBEogtilskipunEvr;puYingsinsogrWsins2000/12/EBogum  niWurfellingutilskipunrWsins93/22/EBE(e.MarketsinFinancialInstrumentsDirective `  eWaMiFIDtilskipunin).HinsvegarerumaWrWatilskipunEvr;puYingsinsogrWsins S+! 2004/109/EBumsamrmingukrafnaumgagnsitengslumviWupplUsingarumtgefendur " verWbrfasemeruskrWskipuleganmarkaWogumbreytingutilskipun2001/34/EB(e. # transparencydirectiveeWagagnsistilskipunin).AWaukierulagWartilbreytingarviWur  $ lagakaflaverWbrfaviWskiptalagatilsamrmisviWbreytingarsemlagWarerutilfrumvarpi !W% tillagaumbreytingarlagakvWumumviWurlgviWbrotumfjrmlamarkaW. J""&   MiFIDtilskipuninvarbirtStj;rnartWindumEB30.aprl2004ogtekinuppEESsamn #' inginnmeWkvrWunsameiginleguEESnefndarinnarnr.65/2005fr29.aprl2005.Til #( skipuninttiaWverainnleiddlandslgfyrir31.janar2007enreglurnareigaaWtakagildi $ ) 1.n;vember2007.GagnsistilskipuninvarbirtStj;rnartWindumEB31.desember2004 v%N!* ogtekinuppEESsamninginnmeWkvrWunsameiginleguEESnefndarinnarnr.120/2005 A&"+  fr30.september2005.TilskipuninttiaWverainnleiddlandslgfyrir20.janar2007.  '",   SamhliWafrumvarpinue&   rulgWframtvnnurfrumvrpvegnainnleiWingarMiFIDtil ( skipunarinnar.Annarsvega'(rfrumvarptilkauphallarlagaoghinsvegarfrumvarpYarsemeru  lagWartilbreytingarlgumumfjrmlafyrirtki.FrumvarpiWbyggistmeginatriWum  fyrrnefndumtilskipunumenaukhennarvarviWsamningufrumvarpsinshfWhliWsj;naf a norrnumrttisviWifjrmlamarkaWar. T,   ViWskiptarWherraf;lkauphallarnefndaWhafaumsj;nmeWvinnuviWinnleiWingutilskip  ananna.0nefndinnisitjafulltrarviWskiptarWuneytisins,Fjrmlaeftirlitsins,Kauphallar0s  lands,SeWlabanka0slands,SamtakabankaogverWbrfafyrirtkja,Samtakafjrfesta,Lands   samtakalfeyrissj;WaogEignarhaldsflagshlutaflaga.AWbeiWnikauphallarnefndarskipaWi  X viWskiptarWherravinnuh;p6.okt;ber2004tilaWveranefndinnitilaWstoWarviWinnleiWingu K #  MiFIDtilskipunarinnar.0vinnuh;pinnvoruskipuWHaraldurrn:lafsson,iWnaWar-ogviW    skiptarWuneyti,formaWur,ElnJ;nsd;ttir,Fjrmlaeftirlitinu,X;r;lfurJ;nsson,Samtkum    bankaogverWbrfafyrirtkja,ogRagnarJ;nassonfrKauphll0slands.ElnJ;nsd;ttirlt   afstrfumnefndinniaprl2005ogt;kHlynurJ;nsson,Fjrmlaeftirlitinu,stihennar. wO  RagnarJ;nassonltafstrfumnefndinnimars2006ogt;krnnaSteinunnKristjns B  d;ttir,Kauphll0slands,stihans.EinnigstrfuWuslaugrnad;ttir,lgfrWinguriWn    aWar-ogviWskiptarWuneyti,X;rWur:lafurX;rWarson,KaupYingi,T;masEirksson,Kaup   Yingi,HannesJ.Hafstein,Landsbanka0slands,X;rWurrlygsson,Landsbanka0slands,Krist {  innArnarStefnsson,Landsbanka0slands,ogX;rarinnXorgeirssonlgmaWurmeWnefndinni. nF   ViWskiptarWherraskipaWivinnuh;puminnleiWingugagnsistilskipunarinnar23.ma 9 2006.0vinnuh;pinnvoruskipaWar:lfEmblaEinarsd;ttir,iWnaWar-ogviWskiptarWuneyti,  formaWur,GuWrWursgeirsd;ttir,Kauphll0slands,ogKristjanaGrmsd;ttir,Fjrmlaeftir  litinu.EinnigstrfuWuEyvindurG.Gunnarsson,lektorviWHsk;la0slands,og0risArna r J;hannsd;ttir,Fjrmlaeftirlitinu,meWnefndinni. e=  MiFIDtilskipunin.     MiFIDtilskipuninerhlutiafsrstakriaWgerWartlunEvr;pusambandsinssviWifjr  mlamarkaWar(e.FinancialServicesActionPlan),semmiWaraWYvaWskapaskilvirkan i sameiginleganinnrimarkaWmeWfjrmlaYj;nustu,m.a.meWstyttriviWbragWstma, \4 skilvirkaraeftirlitiogflugrineytendavernd.grundvellitilskipunarinnarverWalllnd ' Evr;pskaefnahagssvWinuaWsetjasameiginlegarreglurumfjrmlafyrirtkiogskipulega  markaWi.    MeginmarkmiWMiFIDtilskipunarinnareraWstuWlaaWYvaWYr;aogtryggjaskilvirkni `  evr;psksfjrmlamarkaWarsamtYvaWaukayfirsUnogtiltrfjrfestamarkaWnum.X S+! miWartilskipuninaWYvaWllviWskiptiverWijafnskilvirkhvortsemaWilaraWviWskiptunum " erusamalandieWafleirieneinulandiEESsvWinu.TilaWnYessummarkmiWum # mlirtilskipuninm.a.fyrirumaWlagarammiEvr;pusambandsinsnitilallrarstarfsemisem  $ tengistfjrfestum,enYaWertaliWnauWsynlegtYarsemfleirifjrfestarhafaundanfrnum !W% rumorWiWvirkirfjrmlamrkuWumogboWierustWugtfl;knariogvWtkariYj;nusta J""& oggerningar.KveWurtilskipuninYvumsamrmingusemveitirfjrfestumvWtkavernd #' ogheimilarfjrmlafyrirtkjummeWleyfitilverWbrfaviWskiptaaWveitaYj;nustuallsstaWar #( Evr;pskaefnahagssvWinugrundvellieftirlitsheimalandi,Yarsemfyrirer;skiptur $ ) markaWur. v%N!*   MiFIDtilskipuninkemurstaWtilskipunarrWsins93/22/EBEfr10.ma1993umfjr A&"+ festingarYj;nustusviWiverWbrfaviWskipta(ISDtilskipunarinnar).X;aWtilskipanirnarfjalli  '", umsamaefnifelurMiFIDsrauknasamrmingureglnasemgildaumfjrmlafyrirtki '#- ogervWtkariogtarlegrienISDtilskipunin.MiFIDtilskipuninhefurjafnframtvWtkara ( gildissviWYarsemhennieraWaukifjallaWumstarfsskilyrWiogkrfursemgerWarerutil  skipulegraverWbrfamarkaWa.XbreytirMiFIDtilskipunintilskipunEvr;puYingsinsog  rWsins2000/12/EBfr20.mars2000umstofnunogreksturlnastofnana,tilskipunrWsins a 85/611/EBEfr20.desember1985umsamrmingulgumogstj;rnsUslufyrirmlumum T, fyrirtkiumsameiginlegafjrfestinguframseljanlegumverWbrfumogtilskipunrWsins  93/6/EBEfr15.mars1993umeiginfjrkrfurfjrfestingarfyrirtkjaoglnastofnana.    &  riW2000settiRWEvr;pusambandsinsf;tnefndsrfrWingatilaWmetaskilvirkni   lagasetninguverWbrfasviWi.' V,NefndinvarklluWnefndvsd;msmannasviWievr;pskra  X reglnaverWbrfamarkaWi(e.CommitteeofWiseMenontheRegulationofEuropean K #  SecuritiesMarkets).NefndinskilaWiskUrslu(LamfalussyskUrslunni)riW2001.0skUrslunni    varm.a.lagttilaWferliviWsetninguogframkvmdreglnayrWigreintfjgurstig.fyrsta    stigiyrWusettarrammareglur,Y.e.tilskipanireWareglugerWirsemkveWaumundirstWu   atriWilggjfinni.Wrustigisettiframkvmdastj;rnintknilegarreglursemtfralaga wO  reglurnarfyrstastigitilsamrmisviWYr;unverWbrfamarkaWa.YriWjastigiskalhin B  Evr;pskasamstarfsnefndverWbrfaeftirlita(e.CommitteeofEuropeanSecuritiesRegulators,    CESR)vinnaaWYvaWeflasamrmdaframkvmdaWildarrkjunumYeimreglumsem   settarhafaveriWfyrstaogWrustigiogfj;rWastigiskalsvoframkvmdastj;rninvinna {  aWYvaWtryggjaaWaWildarrkinframfylgiESBreglumverWbrfasviWi. nF   MiFIDtilskipuninerrammatilskipunfyrstastigisemheimilarframkvmdastj;rninni 9 aWsetjatarlegrireglurvissumsviWum.Hefurframkvmdastj;rningefiWttvrgerWir  Yvsambandi,einatilskipunogeinareglugerW.AnnarsvegarerumaWrWatilskipunfram  kvmdastj;rnarinnar2006/73/EBfr10.gst2006tilfyllingartilskipunYingsinsog r rWsins2004/39/EBumskipulagskrfurogviWskiptahttifjrfestingarfyrirtkjaogskil e= greininguhugtakafyrirYtilskipun.HinsvegarerumaWrWareglugerWframkvmda 0 stj;rnarinnar1287/2006fr10.gst2006tilfyllingartilskipunYingsinsogrWsins2004/  39/EBumskyldurfjrfestingarfyrirtkjatilaWhaldaskrr,tilkynningarumviWskipti,gagn  siviWskipta,tkufjrmlagerningatilviWskiptaogskilgreininguhugtakafyrirYtilskipun. i GerWirYessar,semeruWrustigiLamfalussyferlisins,hafaYegarveriWteknaruppEES \4 samninginn.GerterrWfyriraWflestarYrreglursemframkomaYeimverWiteknarupp ' slenskanrttmeWreglugerWumogWrumstj;rnvaldsfyrirmlumenY;erlagttil  frumvarpiYessuaWhlutiYeirraverWitekinnupplg.    TilskipuninfjallarummarkaWiYarsemverslaWermeWfjrmlagerninga.GildissviWtil `  skipunarinnarervWtkaraengildissviWISDtilskipunarinnar.XannigfjallarhnbWium S+! fjrmlafyrirtkimeWleyfitilverWbrfaviWskiptasemogskipulegaverWbrfamarkaWi.Hug " takiWverWbrfaviWskiptiertvkkaWognrtilfjrfestingarrWgjafarogrekstursmarkaWs # torgafjrmlagerninga(MTF)semverWureftirleiWisleyfisskyldstarfsemi.Xfjallartilskip  $ uninumstarfsemiinnmiWlara,einkaumboWsmennogviWurkenndagagnaWilaaukYesssem !W% krfurtilfjrmlafyrirtkjaeruauknar.GerWarerubreytingarhugtakinu J""& fjrmlagerningur,einkumhvaWvarWarYrafleiWursemfallaundirhugtakiW. #'   Hreftirferyfirlityfirhelstubreytingarsemfelasttilskipuninni. #( a.Fjrmlafyrirtki. v%N!*   MeWMiFIDtilskipunininnierleyfisskyldstarfsemifjrmlafyrirtkjatvkkuWmiWaW A&"+ viWYaWsemner.NrleyfisskyldstarfsemintilfjrfestingarrWgjafarsemekkierveitt  '", tengslumviWnnurverWbrfaviWskiptiogrekstursmarkaWstorgsfjrmlagerninga(MTF). '#- MeWYessufjlgarYeimfyrirtkjumsemskjaYurfaumstarfsleyfisemfjrmlafyrirtki ( frYvsemvarsamkvmtISDtilskipuninni.    XfelsteinnigvkkungildissviWitilskipunarinnaraWhinnsvokallaWi?evr;pupassi   fjrmlafyrirtkjagildirvWar,Y.e.fjrmlafyrirtkjumersamkvmttilskipuninniauknum a mliheimiltaWveitaYj;nustuEESsvWinuutanheimalandssnsgrundvellistarfsleyfis T, frheimalandinu.JafnframtflystvaldtilaWhafaeftirlitmeWUmissistarfsemifjrmlafyrir  tkjafrgistirki,Y.e.YvrkiYarsemfjrmlafyrirtkiermeWtibeWaveitirYj;nustuog  eWastundarstarfsemi,tilheimalandsins.     & a MeWMiFIDtilskipuninnifjlgareinnigYeimafleiWusamningumsemfallaundirhugtakiW  X fjrmlagerninguroggetaYannigfleiriaWilarfalliWundirtilskipunina,Y.e.aWilarsem K #  srhfasigaWverslameWkveWnartegundirafleiWna.'a A      0MiFIDtilskipuninniereinnigaWfinnanUjarreglurumtilkynningarsemfjrmlafyrir    tkjumerskyltaWsendatileftirlitsaWilaumYauviWskiptisemYauhafa&  millignguummeW   fjrmlagerningasemteknirhafaveriWtilviWskiptaskipulegumverWbrfamarkaWi.' D wO    MestubreytingarnarfyrirfjrmlafyrirtkifelastY;Yeimauknukrfumtilinnraskipu B  lagsogviWskiptahttasemtilskipuningerir.Httanhagsmunarekstrum,semeruskaWlegir    fyrirhagsmuniviWskiptavinanna,eykstsamrmiviWYaWaWfjrmlafyrirtkiveitafleiri   tegundirfjrmlaYj;nustu.TilaWaukaverndfjrfestaseturMiFIDtilskipuninnkvmari {  reglurogeykurkrfurnartilskipulagsogstofnunarfjrmlafyrirtkja. nF b.SkipulegirmarkaWirogmarkaWstorgfjrmlagerninga(MTF).    0MiFIDtilskipuninnierureglurumstofnunogreksturmarkaWafyrirfjrmlagerninga.  TilskipuninskilurmillitvennskonarmarkaWafyrirfjrmlagerninga,annarsvegarerfjall r aWumskipulegaverWbrfamarkaWi(e.regulatedmarket)oghinsvegarummarkaWstorg(e. e= multilateraltradingfacility(MTF)). 0   XrttfyriraWhugtakiWskipulegurverWbrfamarkaWurhafiveriWnotaWeldritilskipunum  Evr;pusambandsins,YerYaWnUmliaWsettarsuEvr;pureglurumreksturogheimildir  skipulegramarkaWa.XerhugtakiWmarkaWstorgfjrmlagerninga(MTF)nUttEvr;purtti, i enmeWmarkaWstorgierttviWmarghliWaviWskiptakerfisemstarfrkteraffjrmlafyrirtki \4 eWakauphllsemleiWirsamankaupendurogseljendurfjrmlagerninga,samrmiviW;fr ' vkjanlegarreglurYess,YannigaWtilsamningastofnastsamrmiviWkvWiIV.kafla  frumvarpsins.SamkvmtMiFIDtilskipuninniliggurmunurinnskipulegumverWbrfa  mrkuWumogmarkaWstorgumfjrmlagerninga(MTF)krfunumsemgerWarerutil `  leyfisveitingaogreksturs.HvaWvarWarrekstureruheildinagerWarmeirikrfurtilreglna S+! ogvirkniskipulegraverWbrfamarkaWa.StrstimunurinnYessumtveimurtegundum " markaWavarWart.d.tgefendurogfjrfesta,enreglursemYvarWagetaveriWmjg;lkar # eftirYvhvortumeraWrWaskipuleganverWbrfamarkaWeWamarkaWstorgfjrmlagerninga  $ (MTF).SemdmimnefnaaWreglurnarumyfirtkutilboWogupplUsingaskyldufyrir !W% tgefendurgildaumfjrmlagerningaYegarYeirhafaveriWteknirtilviWskiptaskipulegum J""& verWbrfamarkaWiengildahinsvegarekkifyrirfjrmlagerningasemviWskiptierumeW #' markaWstorgumenhafaekkiveriWteknirtilviWskiptaskipulegumverWbrfamarkaWi. #( ReglurYessargildaY;umviWskiptimarkaWstorgiefviWkomandifjrmlagerningurer $ ) jafnframttekinntilviWskiptaskipulegumverWbrfamarkaWi. v%N!*   KauphallirstarfrkjaskipulegamarkaWi,enmeWkauphllerttviWaWilasemstUrirog/ A&"+  eWarekurskipuleganverWbrfamarkaW.SamkvmtMiFIDtilskipuninnierreksturmarkaWs  '", torgsfjrmlagerninga(M&   TF)verWbrfaviWskiptisemfjrmlafyrirtki,lnastofnanirog ( markaWsrekendurskipuleg'(RraverWbrfamarkaWagetasinnt.    0tilskipuninnikomaframnUjarreglurumkrfursemgerWarerufyrirupptkufjrmla  gerningaviWskiptiskipulegummarkaWiogumtmabundnaniWurfellinguogafturkllun a skrningarfjrmlagerninga.ReglurnareigaviWumallafjrmlagerningasemviWskiptieru T, meWskipulegummarkaWi,burtsWfrYvhvortgerningarnireruopinberlegaskrWireWa  ekki.ReglurnargildaYvsamhliWareglumsemframkomatilskipunEvr;puYingsinsog  rWsins2001/34/EBfr28.ma2001umopinberaskrninguverWbrfaverWbrfaYingiog   upplUsingarsembirtarskuluumslkverWbrf.St;rirhlutarYeirrartilskipunarhafaveriW  X felldirtgildimeWYremurnUjumtilskipunumsviWifjrmlamarkaWar,enkveWnarreglur K #  ervarWakrfurtiltgefendaogtgfuverWbrfaeruenngildi.    & a c.FjrfestingarrWgjf.     0ngildandilgumerukvWiumYaWhvaWarWgjffjrmlafyrirtkiskuluveitaYegar wO  Yaubj;WavrursnarogYj;nustutilslu.'a WXessikvWitakahinsvegarekkitilYeirraaWila B  semaWeinsveitafjrfestingarrWgjf.MeWfjrfestingarrWgjfertilskipuninnittviWYaW    aWveitaviWskiptavinipers;nulegarrWleggingarannaWhvortaWbeiWnihanseWaaWfrum   kvWifjrmlafyrirtkisaWYvervarWarviWskiptieinueWafleiritilvikumsemtengjastfjr {  mlagerningum.RWgjfinskalmiWastviWpers;nulegaraWstWurviWskiptamannsinsog nF undirfjrfestingarrWgjffallaeinnighverskonarskUringar,upplUsingarumhttuogupp 9 lUsingarumafleiWingaraftilteknuvali.    SamkvmtMiFIDtilskipuninnierugerWarmargskonarkrfurtilfjrfestingarrWgjafa  ogeruYrmrgumtilvikumsambrilegarkrfumsemnerugerWartilannarrafjrmla r fyrirtkja.X;erureglurnarekkiaWlluleytieins,tilskipuninnierut.d.ekkireglurumeigiW e= ffjrfestingarrWgjafa.XessstaWergerWkrafaumaWYeirtakivtryggingusemtekurtil 0 skaWab;takrafnasemkunnaaWverWagerWarvegnatj;nssemrekjamtilfjrmlarWgjafar  semYeirhafaveitt.XeruekkigerWarsrstakarkrfurtilrsreikningsfjrfestingarrWgjafa,  enhinsvegareruYrkrfursemgerWarerutilstj;rnarfjrfestingarrWgjafarfyrirtkjaog i eftirlitsmeWYeimsambrilegarYeimreglumsemgildanumfjrmlafyrirtki,sbr.lgum \4 fjrmlafyrirtki,nr.161/2002. ' d.SkyldurfjrmlafyrirtkjavarWandiframkvmdverWbrfaviWskipta.    MarkmiWMiFIDtilskipunarinnareraWverndaviWskiptavinifjrmlafyrirtkja.Xveru `  tilskipuninnimeginreglurumviWskiptahttifjrmlafyrirtkja,seminnihaldam.a.reglur S+! umaWfjrmlafyrirtkiskuliviWframkvmdviWskiptatryggjaaWviWskiptavinurinnfbestu " mguleguniWurstWumiWaWviWaWstWur,Y.e.reglurumbestuframkvmd(e.best # execution).ReglurnarsemframkomatilskipuninnierutfrWarnnarinnleiWingargerWum  $ framkvmdastj;rnarinnar. !W%   InnleiWingMiFIDtilskipunarinnarmunhafafrmeWsraWalmennirfjrfestarfmeiri J""& upplUsingarfrfjrmlafyrirtkjum.MarkmiWiWeraWgeraYbeturstakkbnatilaWtaka #' upplUstarkvarWanirumfjrfestingar. #( e.Eftirlitheimarkioggistirki. v%N!*   0MiFIDtilskipuninnierkveWiWumvaldmrkeftirlitsaWilameWfjrmlafyrirtkjum A&"+ heimarkioggistirki.HeimarkierYaWlandYarsemfjrmlafyrirtkieWaskipulegurverW  '", brfamarkaWurhefuraWalskrifstofu.GistirkierrkiYarsemfjrmlafyrirtkiermeWtib, '#- veitirYj;nustueWastundarstarfsemieWarkiYarsemskipulegurverWbrfamarkaWursrfyrir ( viWeigandirWstfunumsemauWveldaaWgangfjaraWilaeWaYtttakendasemhafastaWfestu  YvrkiaWviWskiptummarkaWskerfimarkaWarins.    SamkvmttilskipuninniermeginreglanaWYaWerheimarkifjrmlafyrirtkissemannast a eftirlitmeWYvaWYaWfariaWlgumogreglum.GistirkihefureinungiseftirlitmeWYvaW T, fariWsaWkvWumtilskipunarinnarkveWnumtilvikumYegarfjrmlafyrirtkiveitir  Yj;nustufrtibigistirkinu.XauatriWisemgistirkiWhefureftirlitmeWerum.a.aWfariW  saWviWskiptareglum,aWfariWsaWreglumumaWviWskiptinsumeWhagstWustumgu   leguskilmlumfyrirviWskiptavininn,aWfjrmlafyrirtkiframfylgifyrirmlumviWskipta  X vina,aWtilkynntsumviWskiptiogfleira.stWanfyrirYvaWgistirkinuerfaliWeftirlit K #  YessumtilvikumeraWYaWernsttibinuogYvbetristWutilaWannasteftirlitiWoggrpa    innefekkierfariWaWreglum.XessarreglurhafafrmeWsrbreytingarslenskumrtti    YarsemsamkvmtngildandilgumfergistirkiekkiaWeinsmeWeftirlitYegarYj;nustaer   veittgegnumtibheldureinnigYegarfjrmlafyrirtkiveitirYj;nustuyfirlandamri. wO  & a Gagnsistilskipunin.       RtteinsogMiFIDtilskipuninertilskipun2004/109/EBhlutiafhinnisrstkuaWgerWa   tlunEvr;pusambandsinssviWifjrmlamarkaWar.'a {mGagnsistilskipuninmlireinkum {  fyrirumsamrmingureglnaumbirtingureglulegraupplUsingaumtgefendurverWbrfasem nF tekinhafaveriWtilviWskiptaskipulegumverWbrfamarkaWiogumbirtinguupplUsingaum 9 breytinguverulegumhlutatkvWisrttarslkumtgefendum.MarkmiWtilskipunarinnar  eraWsamrmakrfurumskyldutgefendatilaWveitaupplUsingarogstuWlameWYvaW  raunveruleguminnrimarkaWiogvWtkriverndfyrirfjrfesta. r   GagnsistilskipuninerlgmarkstilskipunsemYUWiraWheimarkimgerastrangarikrfur e= tiltgefendasinnilgsgu.Samkvmttilskipuninniergistirkjumhinsvegar;heimiltaW 0 gerastrangarikrfurtiltgefendaeWaaWilasemerflggunarskyldurvegnaYesstgefanda  enheimarkitgefandanseWatilskipuninmlirfyrirum.MeWhliWsj;nafframangreinduog  samrmingarmarkmiWitilskipunarinnarvarYvnauWsynlegtaWmetavandlegahverjusinni i hvortsetjaskyldistrangarireglurhrlendisentilskipuninmlirfyrirum. \4   kvWitilskipunarinnarumeftirlitsstj;rnvaldmlafyrirumtilnefningueinslgbrs ' stj;rnvaldssemberaskulibyrgWframkvmdtilskipunarinnar.SundanYgaerY;gerW  reglunniaWheimilteraWtilnefnaannanaWilaenlgbrastj;rnvaldiWtilaWkannahvort  upplUsingarsamkvmttilskipuninnierusamdarsamrmiviWviWeigandireikningsskila `  reglur.0frumvarpinuerlagttilaWFjrmlaeftirlitiWverWilgbrtstj;rnvaldskilningigagn S+! sistilskipunarinnarogaWrsreikningaskrkannihvortupplUsingarerusamdarsamrmi " viWviWeigandireikningsskilareglur. #   Hreftirferyfirlityfirhelstubreytingarsemfelasttilskipuninni.  $ a.  ReglulegarupplUsingartgefanda,VII.kafli. J""&   XrregluleguupplUsingarsemtgefendumverWbrfasemtekinhafaveriWtilviWskipta #' skipulegumverWbrfamarkaWiberaWbirtaopinberlegasamkvmttilskipuninnierurs #( reikningur,rshlutareikningurvegnafyrstusexmnaWareikningsrsinsoggreinargerWfr $ ) stj;rn.SamkvmttilskipuninnierskyldantilgerWarrsreikningsvWtkustenhntekurtil v%N!* tgefendahverskonarverWbrfa,aWundanskyldumhlutdeildarskrteinumogpeningamark A&"+ aWsskjlummeWstyttrigildistmaen12mnuWi.SkyldantilgerWarrshlutareikningsvegna  '", fyrstusexmnaWareikningsrsinshvlirtgefendumhlutabrfaogskuldabrfaenskyldan '#- tilaWbirtagreinargerWfrstj;rnhvlireingngutgefendumhlutabrfa.Btgefendurhluta ( brfasemsemjaogbirtaYriggjaognumnaWarshlutareikningeruY;undanYegnirskyld  unniaWbirtagreinargerWfrstj;rn.    &  Samkvmtfrumvarpinuskalefnirsreikningsogrshlutareikningsvegnafyrstusex a mnaWareikningsrsinshj'P|tgefendummeWskrWaskrifstofu0slandiverasamrmiviW T, lgumrsreikningaenhlutikvWatilskipunarinnar,Y.e.2.!5.mgr.4.gr.og2.!5.mgr.5.  gr.,verWurinnleiddurslenskanrttmeWbreytingumlgumumrsreikninga.Btgefend  ummeWskrWaskrifstofurkiEvr;pskaefnahagssvWinuWruen0slandierhinsvegar   heimiltaWbeitabindandiopinberumfyrirmlumYessrkisYarsemYeirerumeWskrWa  X skrifstofuumefnirsreiknings,rshlutareikningsvegnafyrstusexmnaWareikningsrsins K #  oggreinargerWfrstj;rn.Samagildirumtgefendur&  meWskrWaskrifstofurkiutan    Evr;pskaefnahagssvWisinsaWnnartilgreindumskilyrWumuppfylltum.'     & a b.  AWrarskyldurtgefandaumveitinguupplUsinga,VIII.kafli. wO    XrttfyriraWtilskipun2004/109/EBleggieinkumskyldurtgefendurvarWandiveitingu B  reglulegraupplUsingaogupplUsingaumbreytingu'awverulegumhlutatkvWisrttareruYaW    ekkieinuskyldurnarsemtilskipuninmlirfyrirum.TilviWb;targerirtilskipuninkrfuum   aWtgefendurverWbrfaveitiupplUsingarumtgfunUrralnaogaWYeirgetisrstaklega {  umbyrgWirogtryggingarsemtgefandinnundirgengstvegnaYeirra.SmuleiWisskulut nF gefendurverWbrfa,annarraenhlutabrfasemtekinhafaveriWtilviWskiptaskipulegum 9 verWbrfamarkaWi,ntafarbirtaopinberlegaallarupplUsingarumbreytingarrttindum  handhafaverWbrfanna.Sambrilegreglagildirumtgefendurhlutabrfa,enYeimber  skyldatilaWbirtantafaropinberlegaupplUsingarumallarbreytingarrttindumsemfylgja r mismunandiflokkumhlutabrfa.AlltframangreinternUmlislenskumrtti. e=   AukframangreindraskyldnageymirtilskipunintvsrkvWisembeinastaWtgefendum 0 hlutabrfaannarsvegarogtgefendumskuldabrfahinsvegar.MarkmiWnefndrakvWaer  aWtryggjajafnrWi.XannigskulutgefendurhlutabrfatryggjajafnrWiallraeigendahluta  smustWuogtgefendurskuldabrfaskulutryggjaaWallirhandhafarskuldabrfasem i metinerujafngildnj;tismumeWferWarvarWandisrhverrttindierfylgjaskuldabrfunum. \4 TilskipuningerirjafnframtkrfuumgreiWaupplUsingagjftileigendahlutabrfaog/eWa ' handhafaskuldabrfatengslumviWfundiogaWnotkunumboWasheimil.0slandiertar  leglggjfumhlutaflgsemtryggirflestllYaurttindisemsrkvWitilskipunarinnar  mlirfyrirum,svosemvarWandijafnrWieigendahluta,boWunhluthafafunda,heimildtil `  aWnotaumboWo.fl.kvWifrumvarpsinsbtirYvlitluviWgagnvartslenskumtgefendum S+! hlutaenskiptirmligagnvarttgefendummeWskrWaskrifstofurkiutanEvr;pskaefna " hagssvWisinsenheimarki0slandi,endaverWaYeiraWuppfyllakvWiWY;aWslensk # hlutaflagalggjfgildiaWsjlfsgWuekkiumY.HvaWtgefendurskuldabrfavarWar  $ geymirtilskipuninsambrilegtsrkvWiumskuldabrfeinsogfyrrgreintsrkvWium !W% hluti.:lktsrkvWinuumhlutabrfhefurinnleiWinginsrkvWinuumskuldabrffr J""& meWsrnUmliendaersambrilegtkvWiekkiaWfinnagildandilggjf.XaWYUWirY; #' ekkiaWumviWamiklabreytingusaWrWa.FremurmsegjaaWmeWinnleiWingukvWisins #( sstaWfestaWtgefendumskuldabrfaber,lktogtgefendumhlutabrfa,aWtryggjajafnrWi $ ) handhafaskuldabrfanna,Y;ttbeinumlagareglumumYaWhafiekkiveriWfyriraWfaragild v%N!* andirtti. A&"+    '", c.  Breytingverulegum& a  hlutatkvWisrttar(svokallaWarflggunarreglur),IX.kafli. (   Reglurtilskipunar2004/109/EBumupplUsingaskyldutengslumviWbreytingarveruleg  umhlutatkvWisrttarer'a(ubWinkvmariogtarlegrienflggunarreglursamkvmtgild  andirtti.YaWbWiviWummeginreglunaumflggunarskylduogundanYgurnarfrhenni. a EfnislegafrumvarpiWY;ekkiaWfelasrmjgviWamiklarbreytingarY;ttleitasthafiveriW T, viWaWumorWaogskUrabeturflggunarskylduna,Y.e.hvaWaaWiliverWurflggunarskyldur  ogundirhvaWakringumstWum.FramsetningfrumvarpsinsernokkuWnnurengildandi  lgumogsemdmimnefnaaWstaWYessaWhafaeittkvWiumafmrkunflggunar   skyldunnarernfjallaWumafmrkunhennarYremuraWskildumgreinum.Fyrstagreinin  X geymirmeginregluna(78.gr.),nnurgreiningeymirlUsingusrstkumkringumstWum K #  YarsemaWiliverWurflggunarskyldur(79.gr.)ogYriWjagreinintekurflggunarskyldu    vegnaUmissategundafjrmlagerninga,&  svosemkauprttarsamninga,skiptisamningaog    afleiWa(80.gr.).'    &    0frumvarpinuerlagttilaWfresturflggunarskyldsaWilatilaWsendafrsrtilkynningu wO  verWilengdurmiWaWviWgildandirtt'wengildandirttiermltfyrirumaWtilkynningskuli B  sendYegarstaW.FrumvarpiWleggurhinsvegartilaWskyldaverWiaWsendatilkynningueins    flj;ttogauWiWerogeigisWarennstaviWskiptadageftiraWflggunarskyldastofnaWist.0   YeimtilvikumYegarflggunarskyldastofnastvegnaaWgerWatgefanda,svosemvegna {  hkkunarhlutafjr,miWastskyldanviWaWsendatilkynningueinsflj;ttogauWiWerogeigi nF sWarennstaviWskiptadageftiraWtgefandihefurbirtopinberlegaheildarfjldahlutaog 9 heildarfjldaatkvWa.stWanfyrirlengingufrestsinsertilaWkomatilm;tsviWkvWitil  skipunarinnarensamkvmthenniberflggunarskyldumaWilaaWsendatilkynningueins  flj;ttogauWiWerogeigisWarenfj;rumdgumfrYvaWskyldanstofnaWist.Afframan r greinduerlj;staWY;ttreyntsaWkomatilm;tsviWtilskipuninaerenguaWsWurumaW e= rWastrangariinnleiWingukvWumgagnsistilskipunarinnarentilskipuninsjlfmlir 0 fyrirum.XeirfrestirsemfrumvarpiWleggurtileruYeirsmuogSvarerumeWsinnitillgu  tilinnleiWingartilskipuninni.NorWmennogDanirf;ruYleiWsnumtillgumaWmla  einungisfyrirumaWtilkynningskulisend?einsflj;ttogauWiWer nYessaWtilgreinaneinn i hmarksfrest.Afhlfu0slandsY;ttirttaWhafahmarkfrestinum,m.a.tilaWauWvelda \4 Fjrmlaeftirlitinuframkvmdeftirlits. '   LoksberaWnefnaaWstaWYessaWlgmlifyrirumaWtilkynningskulisendtiltgef  andaogskipulegsverWbrfamarkaWareinsoggertergildandirttimlirfrumvarpiWfyrir  umaWtilkynningskulisendtgefandaoglgbrustj;rnvaldi(Fjrmlaeftirlitinu).Breyting `  inertilkominvegnakvWatilskipunarinnarensamrmiviWtilskipuninaleggurfrum S+! varpiWtilaWframkvmdflggunarverWitvYtt,Y.e.annarsvegarsendiflggunarskyldur " aWilitilkynningutiltgefandaoglgbrsstj;rnvaldsoghinsvegarbirtitgefandi # upplUsingarnaropinberlegaEvr;pskaefnahagssvWinu.SkyldantilaWgeraupplUsingarnar  $ opinberarerYvlgWtgefandaenekkiskipuleganverWbrfamarkaWeinsogveriWhefur. !W% d.  NUframkvmdopinberribirtinguoggeymsluupplUsinga. #'   GagnsistilskipuninmlirfyrirumsamrmingukrafnaumopinberabirtinguupplUsinga #( afhlfutgefendaverWbrfasemtekinhafaveriWtilviWskiptaskipulegumverWbrfa $ ) markaWi.SkyldantilaWgeraupplUsingarnaropinberarerYvlgWtgefandasamkvmt v%N!* gagnsistilskipuninni.HvaWregluleguogviWb;tarupplUsingarnarvarWarliggurnokkuWbeint A&"+ viWaWskyldantilaWbirtaopinberlegaskulihvlatgefandasjlfum,endaeruYettaupplUs  '", ingarsemverWatilhjhonum.0tilvikiupplUsingaumbreytingarverulegumhlutatkvWis '#- rttar(flggun)erYaWbreytingfrgildandifyrirkomulagiaWltaskyldunatilaWbirtaopin ( berlegahvlatgefandaendaverWaupplUsingarnartilhjhinumflggunarskylduaWilum  enekkitgefanda.SamkvmtgildandirttisendirflggunarskylduraWilitilkynningutilt  gefandansogskipulegsverWbrfamarkaWarogsWanannastskipulegiverWbrfamarkaWurinn a hinaopinberubirtinguupplUsinganna.EinsogWurkomframbreytistfyrirkomulagiWmeW T, tilkomugagnsistilskipunarinnarYannigaWhinnflggunarskyldiaWilisendirntilkynningu  tiltgefandansoglgbrsstj;rnvalds(Fjrmlaeftirlitsins).SWanannastviWkomanditgef  andiopinberubirtinguna.TilskipuninbUWurreyndaruppYannmguleikaaWtgefandiYurfi   ekkiaWannastopinberabirtingueflgbrastj;rnvaldiWtekurhanaaWsrenkveWiWvaraW  X faraekkiYleiWhr.stWanfyrirgreindribreytinguframkvmdopinberrarbirtingarer K #  aWeittafmarkmiWumgagnsistilskipunarinnareraWkomaaukinnisamkeppniumbirtingu    upplUsingameWYvaWafnemaYyfirburWastWusemskipulegirverWbrfamarkaWirhafahaft.    & a   0opinberribirtingufelstsamkvmtgagnsistilskipuninniaWalmenningiEvr;pskaefna   hagssvWinuerugerWarupplUsingarnaraWgengilegarjafnrWisgrundvelli.Evr;pusamband wO  'a )iWeftiraWm;tannarireglurumhvernigopinberabirtinginskulifaraframenlj;steraW B  gerWarverWakrfurumaWtgefandinUtifrttamiWlasemtryggjadreifinguupplUsinganna    lluEvr;pskaefnahagssvWinu.     XegartgefandibirtirupplUsingaropinberlegaberhonumekkiaWeinsaWsendaYrsam {  tmistillgbrsstj;rnvaldsheldurberhonumeinnigaWsendaYrtilmiWlgrargeymslu. nF GagnsistilskipuninmlirfyrirumaWhverjurkiEvr;pskaefnahagssvWinuskuliupp 9 lUsingarvarWveittarrafrntogmeWmiWlgumhtti.Evr;pusambandiWeftiraWm;ta  nnarireglurumYettamiWlgageymslukerfienlj;steraWgerWarverWakrfurumauWvelt  aWgengiYeirrasemviljaaflasrupplUsingannaogumryggisml,endaermarkmiWmiWlga r geymslukerfisinsaWfjrfestarhafigreiWanaWgangaWreiWanlegumupplUsingum. e= e.  Hvenrgildaslenskarreglurumtgefendur?    SamkvmtgagnsistilskipuninnibersrhverjumtgefandaverWbrfaskyldatilaWhafa  eittrkiEvr;pskaefnahagssvWinusemheimarki.Mlterfyrirumhvenr0slander i heimarki3.gr.frumvarpsins.Xegar0slanderheimarkitgefandagildaslenskarreglur \4 gagnvarthonum,Y;meWYeirriundanYguaWefnirreiknings,rshlutareikningsvegnafyrstu ' sexmnaWareikningsrsinsoggreinargerWfrstj;rnfereftirbindandiopinberumfyrirml  umYessrkisYarsemtgefandiermeWskrWaskrifstofu.    0slanderhlutverkigistirkisgagnvarttgefendummeWheimarkiWrurkiEvr;pska `  efnahagssvWinuen0slandiYegarverWbrferutekintilviWskiptaskipulegumverWbrfa S+! markaWi0slandi.Semgistirkigetur0slandaWeinsgertkrfuumaWupplUsingarsuveittar " samrmiviWgagnsistilskipuninaogreglurheimarkisviWkomanditgefenda. #   BtgefendursemerumeWskrWaskrifstofurkiutanEvr;pskaefnahagssvWisinsog  $ verWbrfsemtekinhafaveriWtilviWskiptaskipulegumverWbrfamarkaWi0slandigetatt !W% 0slandsemheimarki.XegarsvoerberYeimaWhltakvWumslenskralaga.0vissum J""& tilvikumeruveittarundanYgurfrframangreindriskylduYannigaWviWkomanditgefendum #' sheimiltaWbeitareglumYessrkissemYeirerumeWskrWaskrifstofu.Eftgefandier #( meWskrWaskrifstofurkiutanEvr;pskaefnahagssvWisinsenhinsvegarmeWheimarki $ ) WrurkiEvr;pskaefnahagssvWinuer0slandhlutverkigistirkisefverWbrfhanshafa v%N!* veriWtekintilviWskiptaskipulegumverWbrfamarkaWi0slandi.Semgistirkigetur0sland A&"+ aWeinsgertkrfurumaWupplUsingarsuveittarsamrmiviWgagnsistilskipuninaog  '", reglurheimarkisviWkomanditgefanda. '#-   0meWfylgjanditflumsjyfirlityfirframangreint.VegnasvonefndsHoyvkursamnings ( viWFreyjarogfrverslunarsamningsviWSvisserutgefendummeWskrWaskrifstofuFr  eyjumogSvisssrstaklegagerWskiltflunni.    *ddd Xdd Xdd X??,a vv,Z vv+  6'T,T, GG6 >&  Tegundtgefanda ?,!s ?HvaWareglurgilda? SD,s GG  GGSBtgefandimeW0slandsemheimarkiogverWbrf  tekintilviWskiptaskipulegumverWbrfamark  i aWi0slandi. ?,!E   ?0slensklgogreglugerWirgildaumreglulega   upplUsingagjf,viWb;tarupplUsingagjfogflgg  i  un. SD,E   GG   GGSBtgefandimeW0slandsemheimarkiogverWbrf  _  tekintilviWskiptaskipulegumverWbrfamark ;  aWiEvr;pskaefnahagssvWinuenekki0s   landi. ?,! {  ?0slensklgogreglugerWirgildaumreglulega  _ upplUsingagjf,viWb;tarupplUsingagjfogflgg ;  un. SD,  GG   GGSBtgefandimeWheimarkiEvr;pskaefnahags   svWinuogverWbrftekintilviWskiptaskipu q  legumverWbrfamarkaWi0slandi. ?,!M%  ?0slandergistirki.Bindandiopinberfyrirmli   heimarkistgefandasembyggjastgagnsistil q  skipuninnigildaumreglulegaupplUsingagjf, M%  viWb;tarupplUsingagjfogflggun. SD,  GG   GGSBtgefandimeWskrWaskrifstofurkiutan C Evr;pskaefnahagssvWisinsmeWverWbrftekin  tilviWskiptaskipulegumverWbrfamarkaWi0s  landi. ?,!_7 ?0slanderheimarki.0slensklgogreglugerWir C gildaumreglulegaupplUsingagjf,viWb;tarupp   lUsingagjfogflggun. SD,! GG   GGSBtgefandimeWskrWaskrifstofurkiutan y" Evr;pskaefnahagssvWisinsmeWverWbrftekin U-# tilviWskiptaskipulegumverWbrfamarkaWi0s  $ landiogEvr;pskaefnahagssvWinu. ?,!% ?0slandgeturveriWheimarkioggistirki.Ef0s y& landerheimarkigildaslensklgogreglugerWir U-' umreglulegaupplUsingagjf,viWb;tarupplUs  ( ingagjfogflggun.Ef0slandergistirkigilda ) bindandiopinberfyrirmliheimarkistgefanda qI* sembyggjastgagnsistilskipuninniumreglu %+ legaupplUsingagjf,viWb;tarupplUsingagjfog , flggun. SD,e- GG   GGSBtgefandimeWskrWaskrifstofuFreyjumeWa . Sviss(rkiutanEvr;pskaefnahagssvWisins) [/ meWverWbrftekintilviWskiptaskipulegum 70 verWbrfamarkaWi0slandi. ?,!1 ?0slanderheimarki.0slensklgogreglugerWir 2 gildaumreglulegaupplUsingagjf,viWb;tarupp [3 lUsingagjfogflggun. UD,74 GG   GGUBtgefandimeWskrWaskrifstofuFreyjumeWa -5 Sviss(rkiutanEvr;pskaefnahagssvWisins) 6 meWverWbrftekintilviWskiptaskipulegum  m7 verWbrfamarkaWi0slandiogEvr;pskaefna I!!8 hagssvWinu. ?,!!9 ?0slandgeturveriWheimarkioggistirki.Ef0s -: landerheimarkigildaslensklgogreglugerWir ; umreglulegaupplUsingagjf,viWb;tarupplUs  m< ingagjfogflggun.Ef0slandergistirkigilda I!!= bindandiopinberfyrirmliheimarkistgefanda !> sembyggjastgagnsistilskipuninniumreglu "? legaupplUsingagjf,viWb;tarupplUsingagjfog e#=@ flggun.<20$A GG    <#> #  '; Helstubreytingarsemfelastfrumvarpinu.  &"C    Helstubreytingarsemfelastfrumvarpinuerueftirfarandi: u'M#D ! ! (e88"i(m"  i(m2e  1  .3  Ԉ0    LagtertilaWhugta& a  kiWverWbrfaviWskiptiverWivkkaWtfrgildandilgum,YannigaW ( fjrfestingarrWgjfogreksturmarkaWstorgsfjrmlagerninga(MTF)teljisttilverW  brfaviWskip'a(ta.i(mI݌ Ќ  "i(m"  i(m-2e  2  .3  Ԉ0    LagtertilaWhugtakiWfjrmlagerningurbreytist,einkumhvaWvarWarYrafleiWursem a fallaundirhugtakiW.i(m-Z݌T, Ќ  "i(m"  i(m2e  3  .3  Ԉ0    & a LagtertilaWskrningfjrmlagerningaverWiaWgreindopinberaskrninguverWbrfa  ogtkufjrmlagerningatilviWskiptatilsamrmisviWfrumvarptillagaumkauphallir  semlagterframsamhliWafrumvarpiYessu.'a8i(m݌  Ќ  "i(m"  i(m2e  4  .3  Ԉ0    XerlagttilaWlgfestarverWitarlegrireglurumskipulagfjrmlafyrirtkjaverW  X brfaviWskiptumogYrrWstafanirsemslkumfyrirtkjumberskyldatilaWgerasvo K #  aWreksturinngetitalisttrausturoghagsmunirviWskiptavinasutryggWir.Ltakrfur    YessarfyrstogfremstaWskipulagioginnrimlumfyrirtkjanna.i(m݌   Ќ  "i(m"  i(m;2e  5  .3  Ԉ0    LagtertilaWfjrmlafyrirtkjumverWigertaWgeraskriflegasamningaviW   viWskiptavinisnarkaramlienneraukYesssemgerWarerutillgurumaW wO  fjrmlafyrirtkiskulihaldaskrrvarWandiallaYj;nustusemYaWveitirogllviWskipti B  semYaWhefurmillignguumsviWiverWbrfaviWskipta.i(m;h݌   Ќ  "i(m"  i(m2e  6  .3  Ԉ0    LagtertilaWsafnskrningverWieftirleiWishWsrstkuleyfiFjrmlaeftirlitsins.i(m݌  Ќ  "i(m"  i(m2e  7  .3  Ԉ0    XerlagttilaWlgfestverWitarlegkvWiumskyldufjrmlafyrirtkjatilaWupplUsa {  viWskiptavinisnaogaflaupplUsingahjYeimYvskyniaWtryggjaaWfyrirtkiWhafi nF rttmtastWutilaWtlaaWrWgjfYesseWaeignastUringvarWandihvereinstk 9 viWskiptissamrUmanleghagsmunumviWskiptavinarins.i(m(݌ Ќ  "i(m"  i(m2e  8  .3  Ԉ0    LagtertilaWfjrmlafyrirtkjumverWiskyltaWtryggjabestuframkvmdfyrirmla,  m.a.meWYvaWsetjasrverklagsreglurumframkvmdfyrirmla.i(m݌r Ќ  "i(m"  i(m02e  9  .3  Ԉ0    EinnigerlagttilaWlgfestverWiheimildfyrirfjrmlafyrirtkitilaWtilnefnaeinkaum e= boWsmenn.i(m0]݌0 Ќ  "i(m "  i(m222e  10  .3  Ԉ0    XerlagttilfrumvarpinuaWviWskiptavinirfjrmlafyrirtkjaverWiflokkaWirYrj  flokka:semviWurkenndirgagnaWilar,fagfjrfestareWaalmennirfjrfestar.GerterrW  fyriraWviWskiptamennnj;timismikillarrttarverndareftirYvtilhvaWaflokkstYeir i teljastenmunurinnmunY;fyrstogfremstkomaframreglugerW.i(m݌\4 Ќ  "i(m "  i(m2222e  11  .3  Ԉ0    LagtertilaWlgfestverWikvWiumYaufjrmlafyritkisemteljastverainnmiWlarar ' enlgWersskyldaslkaaWilaaWbirtabindandiverWtilboW.i(m2_݌ Ќ  "i(m "  i(m222e  12  .3  Ԉ0    LagtertilaWfjrmlafyrirtkjumverWigertskyltaWtilkynnaFjrmlaeftirlitinuumll  viWskiptisemYaWframkvmirmeWfjrmlagerningasemteknirhafaveriWtilviWskipta `  skipulegumverWbrfamarkaWi.i(m݌S+! Ќ  "i(m "  i(m222e  13  .3  Ԉ0    LagtertilaWsettverWilgumverWbrfaviWskiptikvWiummarkaWstorgfjrmla " gerninga(MTF),enkvWiumskipulegaverWbrfamarkaWierufrumvarpitilnUrra # kauphallarlagasemlagterframsamhliWafrumvarpiYessu.i(m݌ $ Ќ  "i(m "  i(m222e  14  .3  Ԉ0    LagtertilaWauknarverWikrfurtiltgefendaverWbrfa,semtekinhafaveriWtilviW !W% skiptaskipulegumverWbrfamarkaWi,umbirtingursreikningi,rshlutareikningi J""& vegnafyrstusexmnaWareikningsrsinsoggreinargerWarfrstj;rnvegnafyrstuYriggja #' ogfyrstunumnaWareikningsrsins.i(m ݌#( Ќ  "i(m"  i(mG222e  15  .3  Ԉ0    LagtertilaWtgefendumverWbrfasemtekinhafaveriWtilviWskiptaskipulegum $ ) verWbrfamarkaWiverWiskyltaWaWveitaupplUsingarvegnatgfunUrralnaog v%N!*  breytingarttindum.i(mGt݌A&"+ Ќ  "i(m"  i(m3222e  16  .3  Ԉ0    Lagtertila& a  WflggunarskyldamiWasteingnguviWbreytingaratkvWisrttienekki ( breytingaratkvWisrttiognafnverWihlutafjreinsoggildandilgumogaW  flggunarsk'a(yldaverWiafmrkuWmeWnkvmarihttiensamkvmtgildandilgum.i(m3`݌ Ќ  "i(m"  i(mu222e  17  .3  Ԉ0    & a LagtertilaWfresturflggunarskyldsaWilatiltilkynningarverWilengdurumeinndag, a Y.e.sendaberitilkynningueinsflj;ttogauWiWerogsWastalaginstaviWskiptadag T, eftiraWflggunarskyldastofnaWiststaWYessaWYaWskulisamdgurseinsogner.'ai(mu݌ Ќ  "i(m"  i(m222e  18  .3  Ԉ0    &  LagtertilaWtgefandiannistopinberabirtinguupplUsingaflggunartilkynningustaW  skipulegsmarkaWarsamkvmtgildandilgum'j.i(m݌  Ќ  "i(m"  i(mr222e  19  .3  Ԉ0    LagtertilaWallarupplUsingarsembirtareruopinberlegaskv.VII.,VIII.ogIX.kafla  X skulivarWveittarrafrnuogmiWlgugeymslukerfi.i(mr݌K #  Ќ  "i(m"  i(m222e  20  .3  Ԉ0    LagWarerutilbreytingarviWurlagakaflangildandiverWbrfaviWskiptalagatilsam    rmisviWfrumvarpsemlagthefurveriWframAlYingitillagaumbreytingarlaga    kvWumumviWurlgviWbrotumfjrmlamarkaW.i(m*݌  Ќ  @ AthugasemdirviWeinstakargreinarfrumvarpsins. B    UmI.kafla.    c  0I.kaflaergildissviWfrumvarpsinsafmarkaW.AukYesserukaflanumorWskUringar.   kvWikaflanserueinsuppsettoggildandilgumY;aWYaufelisrnokkrarefnisbreyt {  ingarsemrekjamtilinnleiWingarMiFIDtilskipunarinnar. nF   Um1.gr.    0greininniergildissviWfrumvarpsinsafmarkaW.GerterrWfyriraWgildissviWiWendur  speglistarfsheimildirverWbrfafyrirtkjaeinsogYreruskilgreindarlgumumfjrmla r fyrirtkilktoggertergildandilgum.XessberY;aWgetaaWgildissviWfstrakvWa e= frumvarpsinsertakmarkaWviWfjrmlafyrirtki.FrumvarpiWnrYvtilallraaWilafjrmla 0 markaWarinsogerrttaWtrekaaWgildissviWYessnrtileinstaklingasemoglgaWila,svo  semfjrfestingaeinstaklingaogannarrafjrfestafjrmlagerningumfyrireiginreikning,  tgfufyrirtkja,stofnanaogopinberraaWilaverWbrfumogmillignguogrWgjfverW i brfaviWskiptum. \4   GreininerbyggWA-ogBYttiviWaukaIviWMiFIDtilskipunina.HnereinsuppbyggW ' og1.gr.gildandilagaenlagWarerutilbreytingareinstkumtluliWumsamrmiviWYr  breytingarsemleiWaafMiFIDtilskipuninni.    kvWi1.mgr.byggistAYttiviWaukaIviWMiFIDtilskipuninna.XarsegiraWlgin `  gildiumverWbrfaviWskiptiogsWanertaliWuppttatluliWumhvaWtterviWmeWverW S+! brfaviWskiptum.01.og2.tlul.eraWfinnakvWisemeruaWnokkruleytihliWstW1.tlul. " 1.mgr.1.gr.gildandilaga,enYarerkveWiWumaWtilverWbrfaviWskiptateljistm;ttaka # ogmiWlunfyrirmlafrviWskiptavinumumeinneWafleirifjrmlagerningaogframkvmd  $ fyrirmlafyrirhndviWskiptavina.Framkvmdfyrirmlaerskilgreind5.tlul.1.mgr. !W% 4.gr.MiFIDtilskipunarinnarsemYaWaWgangafrsamningumumkaupeWaslueinseWa J""& fleirifjrmlagerningafyrirhndviWskiptavina.Xegarumm;ttkuogmiWlunfyrirmlaer #' aWrWaerWrumaWilafaliWaWframkvmafyrirmlin.3.tlul.kvWisinser;breytturfr #( 2.tlul.1.mgr.1.gr.gildandilagaenYarerkveWiWumaWviWskiptimeWfjrmlagerninga $ ) fyrireiginreikningteljisttilverWbrfaviWskipta.ViWskiptifyrireiginreikningeruskilgreind v%N!* 6.tlul.1.mgr.4.gr.MiFIDtilskipunarinnarsemviWskiptimeWeiginfjrmagnsemleiWa A&"+ tilYessaWviWskiptifaraframmeWeinneWafleirifjrmlagerninga.04.tlul.ereinsog3.  '", tlul.1.mgr.1.gr.gildandilagakveWiWumaWeignastUringteljisttilverWbrfaviWskipta. '#- SkilgreiningYvhvaWfelsthugtakinueignastUringsamkvmtlgunumerhinsvegarfrW ( 2.gr.frumvarpsinsogerumnnariumfjllunvsaWtilathugasemdameWYvkvWi.05.  tlul.eraWfinnanUmli,enYarerlagttilaWfjrfestingarrWgjfteljisttilverWbrfaviW  skipta.BreytingunamrekjatilinnleiWingarMiFIDtilskipunarinnar,engildandilgum a telstfjrfestingarrWgjftilverWbrfaviWskiptaefhnernnumtengslumviWstarfsemieWa T, viWskiptisemteljasttilverWbrfaviWskiptasamkvmt1.mgr.1.gr.gildandilaga.Umnnari  umfjllunervsaWtilathugasemdaviWskilgreiningufjrfestingarrWgjafar.06.tluliWer  kveWiWumaWtilverWbrfaviWskiptateljistslugryggingtengslumviWtgfufjrmla   gerningaog/eWatboWfjrmlagerninga.051.gr.frumvarpsinserslutryggingskilgreind  X semsamningurmillifjrmlafyrirtkisogtgefandaeWaeigendaverWbrfaYarsem K #  fjrmlafyrirtkiWskuldbindursigtilYessaWkaupa,innantiltekinstmamarksog    fyrirframkveWnuverWi,YannhlutaverWbrfasemskriftnstekkifyriralmennutboWi.    07.tluliWerkveWiWumaWtilverWbrfaviWskiptateljistumsj;nmeWtboWiverWbrfan   slutryggingar.0YvfelstaWfjrmlafyrirtkihafiundirgengistaWbj;Watfjrmlagerninga wO  tilfjrfestaenfjrmlafyrirtkiWhafiekkiskuldbundiWsigtilaWkaupaYfjrmlagerninga B  semekkiseljast.stWanfyrirYessumgreinarmunereinkumsaWeiginfjrreglur    samkvmttilskipunum2006/48/EBumlnastofnanirog2006/49/EBumeiginfjrkrfureru   aWrargagnvartfjrmlafyrirtkjumsemhafastarfsleyfitileiginviWskiptaogslutryggingar {  heldurengagnvartfyrirtkjumsemhafaeinungisstarfsleyfitilaWannasttboW,nYessaW nF Yvfelistneittskuldbindingargildi,ogsemhafaekkistarfsleyfitileiginviWskipta.08.tlul. 9 eraWfinnanUmli,enYarerkveWiWumreksturmarkaWstorgsfjrmlagerninga(MTF).  NnarerfjallaWummarkaWstorgfjrmlagerninga(MTF)athugasemdumviW2.gr.ogIV.  kaflafrumvarpsins. r   02.mgr.erkveWiWumYaWhvaWastarfsemitelsttilverWbrfaviWskiptaefhnerstunduW e= nnumtengslumviWstarfsemieWaviWskiptisemfallaundir1.mgr.kvWiWbyggistB 0 YttiviWaukaIviWMiFIDtilskipunina.01.tlul.erkveWiWumYaWaWvarslaogumsUsla  fjrmlagerningafyrirreikningviWskiptavinateljistverWbrfaviWskiptiefhnertengslum  viWstarfsemieWaviWskiptisemtalineruupp1.mgr.MeWvrsluogumsUsluerm.a.ttviW i ryggisvrslufjrogtengdaYj;nustu,svosemreiWufjr-ogtryggingastj;rnun.kvWiWer \4 aWmestuhliWsttt1.og2.tlul.2.mgr.1.gr.gildandilaga.02.og3.tlul.erukvWisem ' eruhliWstWkvWum3.og4.tlul.2.mgr.1.gr.gildandilaga.02.tlul.erkveWiWum  aWveitinglnsheimilda,byrgWaeWalnatilfjrfestisYannigaWhanngetittviWskiptimeW  fjrmlagerningaeffjrmlafyrirtkisemveitirlnsheimildinaeWalniWkemuraWviWskipt `  unum,teljisttilverWbrfaviWskiptaefYj;nustanerveitttengslumviWYstarfsemisemtalin S+! erupp1.mgr.03.tlul.erhinsvegarkveWiWumaWrWgjftilfyrirtkjaumuppbyggingu " eiginfjr,stefnum;tunogskyldmlogrWgjfogYj;nustuvarWandisamrunafyrirtkjaog # kaupYeimteljisttilverWbrfaviWskiptaefYj;nustanerveitttengslumviWYstarfsemisem  $ talinerupp1.mgr.Skv.4.tlul.telstgjaldeyrisYj;nusta,semveittersemliWurverWbrfa !W% viWskiptum,tilverWbrfaviWskiptaefYj;nustanerveitttengslumviWYstarfsemisemtalin J""& erupp1.mgr.Samhlj;WakvWier7.tlul.2.mgr.1.gr.gildandilaga.05.tlul.er #' kvWisemernUmli,enYarerlagttilaWfjrfestingarranns;knirogfjrmlagreiningareWa #( annarskonaralmennarrWleggingarertengjastviWskiptummeWfjrmlagerningateljisttil $ ) verWbrfaviWskiptaefYj;nustanerveitttengslumviWYstarfsemisemtalinerupp1.mgr. v%N!* kvWi6.tlul.umYj;nustutengslumviWslutrygginguersamhlj;Wa5.tlul.2.mgr.1. A&"+ gr.gildandilaga.7.tlul.ernUmlienYarerkveWiWumaWYj;nustasemtengistundir  '", liggjandiYttumafleiWuskv.eoghliW2.tlul.1.mgr.2.gr.teljisttilverWbrfaviWskipta '#- efhnertengslumviWverWbrfaviWskiptisamkvmtYessarigrein.Dmiumundirliggjandi ( YttiafleiWusamkvmtYessumliWmnefnahrvruroglosunarkv;ta.SlkYj;nustavri  oftasttengslumviWafleiWuviWskiptiYarsemafleiWurtengdustslkumYttum.    & , Um2.gr. T,    02.gr.frumvarpsinseraWfinnaorWskUringarYarsemhelstuhugtksemkomafram  lgunumeruskilgreind.NokkrarbreytingarerugerWarkvWinuvegnainnleiWingar  MiFIDtilskipunarinnar.',T      01.tlul.erorWiWfjrmlafyrirtkiskilgreintmeWvsuntilskilgreiningarhugtaksins  X lgumumfjrmlafyrirtki.XarerhugtakiWfjrmlafyrirtkiskilgreintsemfyrirtkisem K #  fengiWhefurstarfsleyfiskv.6.gr.,sbr.4.gr.laganna,ensamkvmtYvnrhugtakiWyfir    starfsemiviWskiptabanka,sparisj;Wa,lnafyrirtkja,rafeyrisfyrirtkja,verWbrfafyrirtkja,    verWbrfamiWlanaogrekstrarflagaverWbrfasj;Wa.XverfjrmlafyrirtkisamheitiyfirYr   tegundirstarfsleyfasemkveWiWerum4.gr.lagaumfjrmlafyrirtki.kvWiWer wO  ;breyttfrgildandilgum. B    02.tlul.eraWfinnaskilgreininguhugtakinufjrmlagerningur(e.financialinstru    ment).kvWiWernokkuWbreyttfrgildandirttiogbyggjastbreytingarnarsemlagWareru   tilMiFIDtilskipuninni,Y.e.17.tlul.1.mgr.4.gr.sbr.CYttviWaukaIviWtilskipunina. {  HugtakiWfjrmlagerningurereittmeginhugtakverWbrfamarkaWarinsogerlagttilaWYaW nF verWifrttilsamrmisviWskilgreininguMiFIDtilskipunarinnar.LagtertilaWhugtakiW 9 skiptistttaliWi.UpptalninginmyndarY;ekkiheildstttflokkunarkefiogYvgetureinn  gerningurfalliWfleirieneinnflokkfjrmlagerninga.Xanniggeturtildmiseinngerningur  talistverapeningamarkaWsskjalenjafnframttalisttilverWbrfa.Xgeturhlutdeildarskrteini r talisttilverWbrfa. e=   MeWfjrmlagerningierfrumvarpinufyrstalagittviWverWbrf(e.transferable 0 securities,d.omstteligevrdipapirer,n.omsetteligeverdipapirer).TilverWbrfaskilningi  kvWisinsteljastYauframseljanleguverWbrfsemhgteraWeigaviWskiptimeWfjr  magnsmarkaWienY;eruundanskilingreiWsluskjl.DmiumgreiWsluskjlerutkkarog i greiWslukortan;tur.XerukvWinunefndirYrrflokkarverWbrfadmaskyni.0fyrsta \4 lagierunefndhlutabrffyrirtkjumognnurverWbrfsemerugildihlutabrfafyrirtkj ' um,sameignarflgumeWaWrumlgaWilumogheimildarskrteinifyrirhlut.0Wrulagieru  tilgreindskuldabrfeWaskuldverWbrfaformi,Y.m.t.heimildarskrteinivegnaslkraverW  brfa.0YriWjalagierunefndnnurverWbrfsemveitartttilaWkaupaeWaseljaverWbrfeWa `  leiWatiluppgjrsreiWufsemrWstafverWbrfum,gjaldmiWlum,vxtumeWavxtunar S+! krfum,hrvrumeWaWrumvsitlumeWamlikvrWum.EkkierskilyrWiaWverWbrfsu " papprsformioggetaYauYvjafnframtveriWrafrnuformisbr.lgnr.131/1997,umraf # rnaeignaskrninguverWbrfa.SamkvmtskilgreiningunnigetakveWnartegundirafleiWna  $ falliWundirhugtakiWverWbrfsvoframarlegasemYreruframseljanlegaroghgteraWeiga !W% viWskiptimeWYrfjrmagnsmarkaWi.SkilyrWiumframseljanleikaverWbrfafelstYvaW J""& rttindiYausemfelasteignarhaldiYeimgetifrstyfirannanaWila.AfYessuleiWiraW #' efafleiWuviWskiptumert.d.YannighttaWaWssemkaupirvalrttarsamninggetiaWeins #( losnaWrstWunnimeWYvaWgeragagnstWansamningviWmiWlganm;taWila,Ytelst $ ) slkursamningurekkiverWbrf.SemdmiumslkviWskiptimnefnastaWlaWarafleiWursem v%N!* verslaWermeWkauphllinniStokkh;lmienYeimerYannighttaWaWkauphllinsjlfer A&"+ gagnaWiliviWskiptunumogberaendanlegirviWskiptavinirskyldurgagnvarthenni.Kauphll  '", 0slandsformarnaWkomaviWskiptummeWsambrilegar;framseljanlegarafleiWur. '#- XannigerusumirstaWlaWirafleiWusamningarsemverslaWermeWskipulegumverWbrfa ( markaWiekkiverWbrfenaWrirafleiWusamningarsvosemstaWlaWirogframseljanlegirfram  tWarsamningar,getatalisttilverWbrfa.EftirsemWurgetaverWbrfbWiveriWkrfurttindi  tilpeningagreiWslueWagildishennarogskilrkifyrireignarrttindumaWWruenfasteigneWa a einstkumlausafjrmunum.SamkvmtkvWinuYarfaWverahgtaWeigaviWskiptimeW T, verWbrffjrmagnsmarkaWitilaWYaWfalliundirskilgreininguna.MeWviWskiptumfjr  magnsmarkaWierttviWviWskiptiskipulegumverWbrfamarkaWi,markaWstorgifjrmla  gerninga(MTF)eWaviWskiptifyrirmilligngufjrmlafyrirtkismeWleyfitilverWbrfaviW   skipta.  X &    0WrulagiteljasttilfjrmlagerningallpeningamarkaWsskjl(e.moneymarketinstru K #  ments,d.pengemarkedsinstrumenter,'K 8n.pengemarkedsinstrumenter),enmeWYverttviW    YflokkagerningasemviWskiptifaravenjulegaframmeWpeningamarkaWi.Semdmim    nefnarkisvxla,innlnskrteiniogviWskiptabrfaWundanskildumgreiWsluskjlum.0YriWja   lagifallahlutdeildarskrteini(e.unitsincollectiveinvestmentundertakings,d.andeleikol wO  lektiveinvesteringsordninger,n.verdipapirfondsandeler)undirskilgreiningufjrmlagern B  ingi.HugtakiWhlutdeildarskrteinierskilgreintlgumnr.30/2003,umverWbrfasj;Wiog    fjrfestingarsj;Wi,eftirfarandiveg:?fjrmlagerningursemerstaWfestingtilkalliallra   Yeirrasemeigahlutdeildsj;Wiumsameiginlegafjrfestingu,eWaeinstakrideildhans,til {  verWbrfaeignarsj;Wsins.Eigendurhlutdeildarskrteinaeigasamartttilteknaogeigna nF sj;Wsins,eWaviWkomandideildar,hlutfalliviWhlutdeildsna.  9   Undird!hliWfallaafleiWursemekkieruframseljanlegarogteljastYvekkitilverWbrfa.  Xrgetahaft;lkundirliggjandiviWmiW,alltfrverWbrfumtillosunarkv;tasamkvmt  loftslagssamningumogbreytingaveWurfari.UppgjrafleiWusamningageturUmistfalist r afhendinguundirliggjandiverWmtieWauppgjripeningumsamkvmtuppgjrskvWi e= sembyggistbreytingueinhversYttartilteknutmabili.ViWmatYvhvortsamningur 0 umuppgjrundirliggjandiYttumteljisttilafleiWuskilningikvWisinsberaWltatilYess  hvorthannhafifjrmlatilgang.AfleiWursemhafafjrmlagerningaaWundirliggjandiviW  miWiteljastvallttilfjrmlagerninga.HinsvegargildirannaWefafhendingt.d.vrueWa i Yj;nustuerkjarniogtilgangursamningsinsogerYekkiumafleiWuaWrWaskilningi \4 kvWisins.UndirhugtakiWafleiWafallam.a.valrttarsamningar,framtWarsamningar,skipta ' samningarogframvirkirvaxtasamningar.MeWvalrttarsamningi(e.options)erttviWsamn  ingsemveitirWrumsamningsaWila,kaupanda,rttenekkiskyldutilaWkaupa(kauprtt)eWa  selja(slurtt)tilteknaeign(andlagsamnings)fyrirframkveWnuverWi(valrttargengi) `  tilteknutmamarki(lokadegi)eWainnantiltekinnatmamarka(gildistmavalrttar).Sem S+! endurgjaldfyrirYennanrttfrhinnsamningsaWilinn,tgefandinn,kveWiWgjaldsemsegir " tilummarkaWsvirWivalrttarinsviWupphafsamningstmans.MeWframtWarsamningi(e. # futures)erttviWstaWlaWanogframseljanlegansamningsemkveWurumskyldusamnings  $ aWilatilaWkaupaeWaseljatilteknaeignfyrirkveWiWverWfyrirframkveWnumtma.Oft !W% erverWmtiframtWarsamningareiknaWtdaglegaogsamningsaWilireikningsfrWursam J""& rmiviWYaW.MeWskiptasamningi(e.swaps)erttviWsamningsemkveWurumaWhvor #' samningsaWilagreiWihinumfjrhWsemtekurmiWafbreytingumhvoruviWmiWinufyrir #( sigsamningstmanum.NnartiltekiWskiptastsamningsaWilargreiWslumsemtakamiWaf $ ) breytingumundirliggjandiviWmiWum,svosemvxtumeWagjaldmiWlum.SamningsaWilarnir v%N!* kveWaviWsamningsgerWinahversuoftskiptinfarafram.MeWframvirkumsamningi(e.for A&"+ wards)erttviW;framseljanlegansamningYarsemkveWiWerumskyldusamningsaWilatil  '", aWkaupaeWaseljatileknaeignfyrirkveWiWverWfyrirframkveWnumtma.Uppgjrslkra '#- samningageturUmistfalistafhendinguundirliggjandiverWmtieWafjrhagsleguupp ( gjri.MeWframvirkumvaxtasamningum(e.forwardrateagreements)erttviWsamningaYar  semsamningsaWilareigagagnkvmanrttogskyldutilaWgreiWahvorWrummismuninn  milliumsamins&  vaxtastigsogviWmiWunarvaxtakveWnutmamarki.Mismunurinnreiknast a tfrviWmiWunarhfuWst;l.'L T,   0fj;rWalagiermeWfjrmlagerningittviWvalrttarsamninga,framtWarsamninga,skipta  samninga,framvirkavaxtarsamningaogaWrarafleiWursembyggjastverWbrfum,gjald  miWlum,vxtum,vxtunarkrfu,WrumafleiWum,fjrhagslegumvsitlumeWa   fjrhagslegumviWmiWumsemgeramuppefnislegaeWameWreiWuf.0YessufelstaWallar  X afleiWursemhafaverWbrf,gjaldmiWla,vexti,vxtunarkrfu,aWrarafleiWur,fjrhagslegar K #  vsitlureWafjrhagslegviWmiWaWundirliggjandiviWmiWiteljasttilfjrmlagerninga;hW    YvhvorteiginlegafhendingferframeWapeningalegtuppgjr.0fimmtalagifalla    hrvruafleiWurundirskilgreiningufjrmlagerningi.01.tlul.2.gr.reglugerWar   framkvmdastj;rnarinnarnr.1287/2006/EBeruhrvrurskilgreindarsemallarvrursem wO  eruskiptanlegar(e.fungible)(Y.e.tegundarkveWnartfreiginleikum)ogsemhgteraW B  afhenda,Y.m.t.mlmar,landbnaWarafurWirografmagn.GerterrWfyriraWhrvruafleiWur    verWinnarafmarkaWarreglugerWsbr.reglugerWarheimild2.mgr.2.gr.frumvarpsins.Gert   errWfyriraWhrvruafleiWurskiptistYrjflokka.0fyrstalagieruhrvruafleiWur {  valrttarsamningar,framtWarsamningar,skiptasamningarogaWrirafleiWusamningarsem nF tengjasthrvrumsemverWuraWgerauppmeWreiWufeWageramuppmeWreiWufefeinn 9 aWilannakUsYaWafannarristWuenvanefndumeWaWrusemjafngildiruppsgn.0Wru  lagieruhrvruafleiWur,valrttarsamningar,framtWarsamningar,skiptasamningarogaWrir  afleiWusamningarsemtengjasthrvrumsemhgteraWgerauppefnislegaaWYvtilskildu r aWviWskiptimeWYfariframskipulegumverWbrfamarkaWiog/eWamarkaWstorgi e= fjrmlagerninga(MTF).0YriWjalagieruhrvruafleiWurvalrttarsamningar, 0 framtWarsamningar,skiptasamningar,framvirkirsamningarogaWrirafleiWusamningarsem  tengjasthrvrumsemgeramuppefnislegaogekkierminnstWrumliWYessarar  upptalningarogeruekkitilviWskiptanota,ogsemhafaeinkenniannarra i afleiWufjrmlagerninga,m.a.meWhliWsj;nafYvhvortverslaWermeWYeWaYeirgerWirupp \4 gegnumviWurkenndauppgjrsaWilaeWahvortYeireruhWirreglulegumveWkllum(e. ' margincalls).XteljastafleiWurtilyfirfrslulnahttu(e.derivativeinstrumentsforthe  transferofcreditrisk)tilfjrmlagerninga.MeWafleiWutilyfirfrslulnahttuerttviW  samningfjrmlalegseWlissemyfirfriraWllueWahlutalnahttusemtengisttildmis `  peningakrfufrkaupandatilseljanda.0sjundalagitekurhugtakiWfjrmlagerningurtil S+! samningaumfjrhagsleganmismun(e.financialcontractsfordifferences)enmeWYvertt " viWsamningasembyggjastaWsamningsaWilargreiWamismunmilliundirliggjandiYttaen # raunverulegkaupogsalafaraekkifram.0ttundaogsWastalagiteljastaWrarafleiWurenhr  $ hafaveriWnefndarfjrmlagerningarefYrhafasmueiginleikaogfyrrnefndarafleiWur. !W% EkkiYykirstWatilaWtilgreinasrstaklegaskilgreiningunniframseljanlegveWrttindi J""& fasteignumoglausaf,sbr.eliW2.tlul.1.mgr.2.gr.ngildandilaga.Slkrttindifalla #' undirskilgreininguverWbrfsaWYvmarkisemYaueruframseljanlegoghgteraWeigaviW #( skiptimeWYaufjrmagnsmarkaWi. $ )   03.tlul.erhugtakiWeignastUring(e.portfoliomanagement)skilgreintsemstj;rnunverW v%N!* brfasafnssamrmiviWfjrfestingarstefnusemerfyrirframkveWinafviWskiptavini.Skil A&"+ greininginbyggist9.tlul.1.mgr.4.gr.MiFIDtilskipunarinnar.EignastUringernskil  '", greind1.gr.lagaumverWbrfaviWskiptiogfelurkvWiWsrnokkrabreytingu.0nUrri '#- skilgreiningufelstaWefaflaYarfsamYykkisviWskiptavinarfyrirhverjumviWskiptumfyrir ( sigeWaefviWskiptavinurgeturgefiWfyrirmliumeinstkviWskiptierekkiumeignastUringu  aWrWa.0fjrfestingarstefnunniverWurYvaWfelastfyrirmliumaWframkvmaviWskipti  samrmi&  viWkvWihennar.HverjuverWbrfasafnierstUrtsrstaklega(e.onadiscretion a aryclientbyclientbasis).MeWverWbrfasafnierttviWeinneWafleirifjrmlagerninga.'a T,   HugtakiWfjrfestingarrWgjf(e.investmentadvice)erskilgreint4.tlul.Samkvmt  skilgreiningunnierfjrfestingarrWgjfpers;nulegarrWleggingartilviWskiptavinartengsl  umviWviWskiptimeWfjrmlagerninga,hvortsemeraWfrumkvWiviWskiptavinarinseWa   YesssemYj;nustunaveitir.XarsemfjrfestingarrWgjftelstntilverWbrfaviWskiptaskv.  X 5.tlul.1.mgr.1.gr.frumvarpsinsYykirnauWsynlegtaWskilgreinahugtakiWhr.Skilgrein K #  inginbyggist4.tlul.1.mgr.4.gr.MiFIDtilskipunarinnar.0skilyrWinuumrWleggingar    tengslumviWfjrmlagerningafelstYaWaWrWleggingarumuppbyggingueignasafns,t.d.    helminghlutabrfumoghelmingskuldabrfum,teljastekkitilfjrfestingarrWgjafar.   RWgjfinverWurYannigaWhafatengslviWkveWnafjrmlagerninga.052.gr.tilskipunar wO  framkvmdastj;rnarinnar2006/73/EBerhugtakiWfjrfestingarrWgjfnnarskilgreintog B  gertrWfyriraWYaWverWisettreglugerWsbr.2.mgr.XarkemurframaWmeWpers;nulegum    rWleggingumerttviWrWleggingarsemsendarerutileinstaklingssemfjrfestiseWa   hugsanlegsfjrfestiseWasemumboWsmannsfyrirfjrfestieWahugsanleganfjrfesti. {  RWleggingarnarverWaaWverakynntarYannigaWYrhentiviWkomandieWabyggjast nF athugunaWstWumviWkomandiogverWaaWverarWleggingarumaWkaupa,selja,gangast 9 skrift,skipta,innleysa,haldaeWabyrgjastkauptilteknumfjrmlagerningumeWanUta  sreWanUtasrekkirttsamkvmtkveWnumfjrmlagerningitilaWkaupa,selja,gangast  skrift,skiptaeWainnleysafjrmlagerning.XkemurframaWrWleggingareruekki r pers;nulegarefYreruaWeinsveittarmeWalmennumdreifingarleiWumeWaeruveittar e= almenningi. 0   05.tlul.eraWfinnaskilgreininguhugtakinutakafjrmlagerningatilviWskipta(e.ad  missiontotrading),enmeWYverttviWsamYykkikauphallaraWviWskiptimeWfjrmla  gerningahefjistskipulegumverWbrfamarkaWiaWuppfylltumreglumhennarskv.22.gr. i lagaumkauphallir.HugtakiWernUmliogbyggistYeimtillgumsemgerWarerufrum \4 varpinuogfrumvarpitilkauphallarlaga,semlagterframsamhliWafrumvarpiYessu,umaW ' gerWurverWigreinarmunuropinberriskrninguverWbrfaskipuleganverWbrfamarkaW  (e.officiallisting)ogtkufjrmlagerningatilviWskiptaskipulegumverWbrfamarkaWi(e.  admissiontotrading).GildandilggeraekkiskUrangreinarmunYessumtveimuraWgerWum `  YarsemhugtakiWskrningerltiWntilYeirrabeggja.ByggisttillagankvWumMiFID S+! tilskipunarinnarsemogWrumnUlegumtilskipunumEvr;pusambandsinsumviWskiptimeW " verWbrf.NrgildissviWYessaratilskipanatilfjrmlagerningasemteknirerutilviWskipta # skipulegumverWbrfamarkaWi,hvortsemYeireruopinberlegaskrWireWaekki.ErYessu  $ sambandivsaWm.a.tilgagnsistilskipunar2004/109/EB,lUsingatilskipunar2003/71/EB, !W% yfirtkutilskipunar2004/25/EBogmarkaWssvikatilskipunar2003/6/EB,enWurafmrkuWust J""& helstureglurverWbrfamarkaWarinsviWverWbrfsemvoruopinberlegaskrWsamkvmt #' kauphallartilskipun2001/34/EB.Lagtertilfrumvarpitilkauphallarlagasemlagterfram #( samhliWafrumvarpiYessuaWFjrmlaeftirlitinusemlgbrustj;rnvaldiverWifaliWaWannast $ ) opinberaskrningufjrmlagerningaentakafjrmlagerningatilviWskiptaverWihndum v%N!* kauphallasemrekaskipuleganverWbrfamarkaW. A&"+   06.tlul.erhugtakiWmarkaWstorgfjrmlagerninga(MTF)(e.multilateraltrading  '", facility)skilgreintsemmarghliWaviWskiptakerfisemstarfrkteraffjrmlafyrirtkieWa '#- kauphllsemleiWirsamankaupendurogseljendurfjrmlagerninga,samrmiviW;fr ( vkjanlegarreglurYess,YannigaWtilsamningastofnastsamrmiviWIV.kafla.Skilgrein  inginersamrmiviW15.tlul.1.mgr.4.gr.MiFIDtilskipunarinnar,ennnarireglurum  markaWstorgfjrmlagerninga(MTF)eruIV.kaflafrumvarpsins.Skilgreining a markaWstorgsfjrmlagerninga(MTF)eraWmestusamhlj;Waskilgreininguskipulegum T, verWbrfamarkaWisamkvmtfrumvarpitillagaumkauphallirsemlagterframsamhliWa  frumvarpiYessu.0inngangiaWMiFIDtilskipuninnisegir6.liW:?Skilgreiningar  markaWstorgifjrmlagerninga(MTF)ogskipulegumverWbrfamarkaWiskuluvera   samrmdartilaWendurspeglaYstaWreyndaWYrstandafyrirsmuviWskiptastarfsemi.  X SkilgreiningarnarskulutilokatvhliWamarkaWskerfiYarsemverWbrfafyrirtkiWstofnar K #  tilsrhverraviWskiptafyrireiginreikningenekkisemhttulausm;taWilisemstendur    millikaupandaogseljanda.HugtakiW?viWskiptakerfi nryfirallamarkaWisem    samanstandaafreglumogvettvangitilviWskiptasemogYeirrasemaWeinsstarfagrundvelli   reglna.SkipulegumverWbrfamrkuWumogmarkaWstorgumfjrmlagerninga(MTF)ber wO  ekkiskyldatilaWstarfrkja?tknilegt viWskiptakerfitilaWparafyrirmli.MarkaWur,sem B  samanstenduraWeinsafreglumumYttisemtengjastaWild,tkugerningatilviWskipta,    viWskiptimilliaWila,tilkynningarog,YarsemviW,kvaWirumgagnsi,erskipulegur   verWbrfamarkaWureWamarkaWstorgfjrmlagerninga(MTF)skilningiYessarartilskipunar {  ogviWskiptinsemfaraframsamkvmtYessumreglumteljasthafafariWframviWskiptakerfi nF skipulegsverWbrfamarkaWareWamarkaWstorgsfjrmlagerninga(MTF) .kvWi 9 skilgreiningarinnarumaWleiWasamankaupendurogseljendurfjrmlagerningaberaWtlka  vWtktognrtilfyrirmlaumviWskipti,kaup-ogslutilboWogkaup-eWasluhuga(e.  indicationofinterest).MeW;frvkjanlegumreglumerttviWaWsaWilisemstarfrkir r markaWstorgiWgeturekkihafthrifhvernigtilboWparast. e=   HugtakiWskipulegurverWbrfamarkaWur(e.regulatedmarket)erskilgreint7.tlul.sem 0 markaWurmeWfjrmlagerningasamkvmtskilgreiningulagaumkauphallir.0frumvarpitil  lagaumkauphallir,semlagterframsamhliWafrumvarpiYessu,erskilgreininghugtakinu  byggW14.liW1.mgr.4.gr.MiFIDtilskipunarinnarogsagtveramarghliWaviWskiptakerfi i innanEvr;pskaefnahagssvWisinssemleiWirsamankaupendurogseljendurfjrmlagern \4 inga,samrmiviW;frvkjanlegarreglurYess,YannigaWtilsamningastofnastumfjrmla ' gerningasemteknirhafaveriWtilviWskiptaviWskiptakerfinu.    08.tlul.eraWfinnaskilgreininguhugtakinukauphll(e.marketoperator)ogervsaW  tilskilgreiningarhugtakinulgumumkauphallir.01.tlul.2.gr.frumvarpstillagaum `  kauphallir,semlagterframsamhliWafrumvarpiYessu,eraWfinnanUjaskilgreininguhug S+! takinukauphlloghnsgWverahlutaflagsemfengiWhefurleyfisamkvmtlgunumtil " aWrekaskipuleganverWbrfamarkaW.XannigerlagttilaWhugtakiWskipulegurverWbrfa # markaWurverWinotaWummarkaWinnsjlfanenaWrekstraraWilimarkaWarinskallistkauphll.  $   09.tluliWeraWfinnaskilgreininguhugtakinufagfjrfestir(e.professionalclient). !W% SkilgreiningunnifagfjrfestumgildandilgumvarsWastbreyttmeWlgumnr.94/2006, J""& enbreytinginvarhlutiafinnleiWingarferlivegnatilskipunarEvr;puYingsinsogrWsinsnr. #' 2003/71/EBfr4.n;vember2003umlUsingarYegarverWbrferuboWinalmennutboWi #( eWaskrWskipuleganverWbrfamarkaW(e.Directive2003/71/ECoftheEuropean $ ) ParliamentandoftheCouncilof4November2003ontheprospectustobepublishedwhen v%N!* securitiesareofferedtothepublicoradmittedtotrading).0frumvarpiYessuerhinsvegar A&"+ nauWsynlegtvegnainnleiWingarMiFIDtilskipunarinnaraWleggjaenntilbreytingar  '", skilgreininguhugtakinufagfjrfestirvegnahugtakanotkunarMiFIDtilskipunarinnar.Lagt '#- ertilaWngildandiskilgreiningfagfjrfestumverWinotuWsemskilgreininghfum ( fjrfestumVI.kaflafrumvarpsins,nnartiltekiW9.tlul.43.gr.,enaWskilgreining  fagfjrfestumsembyggistviWaukaIIviWMiFIDtilskipuninaverWisett  orWskUringarkvWi2.gr.frumvarpsins.MeWfagfjrfestumfrumvarpinuersamkvmt a skilgreiningunnittviWviWskiptavinisembayfirreynslu,YekkinguogsrfrWikunnttutil T, aWtakasjlfirkvarWanirumfjrfestingarogmetahttunasemYeimfylgir.Xeirsemteljast  fagfjrfestarerufyrstalagilgaWilar,hrlandieWaerlendis,semhafastarfsleyfieWasinna  lgbundinnistarfsemifjrmlamrkuWum.UndirYettafallam.a.fjrmlafyrirtkiog   fyrirtkitengdfjrmlasviWi,vtryggingaflg,sj;Wirumsameiginlegafjrfestinguog  X rekstrarflgYeirra,lfeyrissj;WirogrekstrarflgYeirraeftirYvsemviW,seljendur K #  hrvruoghrvruafleiWa,staWbundniraWilarogaWrirstofnanafjrfestar.kvWiWjafnt    viWumaWilasemhafastaWfestuhrlandiogerlendis,hvortsemstaWfestanerinnaneWa    utanEvr;pskaefnahagssvWisins.MeWstaWbundnumaWilum(e.locals)erttviWfyrirtki   semstundaverWbrfaviWskiptisemfelasteingnguYvaWstundaviWskiptifyrireigin wO  reikningmrkuWumfyrirframtWarsamningaeWavalrttarsamningaeWaaWrarafleiWurog B  peningamrkuWumeingnguYeimtilgangiaWbaktryggjastWurafleiWumrkuWum,eWa    semstundaviWskiptifyrirreikningannarrasemeigaaWildaWsmumrkuWumeWagefaupp   verWtilYeirrasemuppgjrsaWilarsmumrkuWumbyrgjastogYarsemuppgjrsaWilar {  smumrkuWumbyrgjastaWstaWiWsviWsamningasemslkfyrirtkigerasbr.l.liW1.mgr. nF 2.gr.MiFIDtilskipunarinnar.SlkiraWilareigaviWskipumsrhfWumafleiWumrkuWum, 9 svosemEuronext.liffemarkaWnum.EkkiervitaWtilYessaWslkiraWilarstarfihrlandi  enekkitilokaWaWfjrmlafyrirtkimeWstarfsleyfihrlandieigiviWskiptumviWlka  aWilaogYykirYvrttaWfellaYinnskilgreiningufagfjrfestasamrmiviWMiFID r tilskipunina.0Wrulagiteljasttilfagfjrfestast;rfyrirtkisemuppfyllaa.m.k.tvaf e= eftirfarandiskilyrWum:AWheildartalaefnahagsreikningss1.847millj.kr.eWahrri,aW 0 hreinrsveltas3.695millj.kr.eWameirieWaaWeigiWfs185millj.kr.eWameira.  FjrhWirsamkvmtYessuerubundnargengievru.0YriWjalagiteljastrkisstj;rnirog  sveitarstj;rnir,seWlabankarogalYj;Wastofnanir,svosemAlYj;Wagjaldeyrissj;Wurinn,SeWla i bankiEvr;pu,FjrfestingarbankiEvr;puogaWrarsambrilegaralYj;Wastofnanir,tilfag \4 fjrfesta.XteljastaWrirstofnanafjrfestar,semhafaYaWaWaWalstarfiaWfjrfestafjrmla ' gerningum,Y.m.t.aWilarsemfstviWverWbrfun(e.securitisation)eignaeWannur  fjrmgnunarviWskipti.AWlokumteljastfagfjrfestarYeiraWilarsemsamYykktirhafaveriW  semfagfjrfestargrundvelli24.gr.frumvarpsinsenYarerfjallaWumYaWilasemgeta `  ;skaWeftirYvaWverafagfjrfestar.HugtakiWfagfjrfestirermikilvgtlj;siYessaWgerWur S+! ermunurYvhvortumeraWrWaalmennanfjrfestieWafagfjrfestiYegarkemuraWfjr " festavernd.Xannigerverndinmeirifyriralmennafjrfestaenfagfjrfesta.Munurinnkemur # Y;ekkiframMiFIDtilskipuninnisjlfriheldurtilskipunframkvmdastj;rnarinnar2006/  $ 73/EBseminniheldurnnaritfrslumeginreglumMiFIDtilskipunarinnar.Xarsemgert !W% errWfyriraWYrreglurverWiaWmeginstefnutilteknaruppinnlendanrttmeWreglugerW J""& kemurmunurinnYeimreglumsemgildaumviWskiptialmennrafjrfestaogfagfjrfesta #' ekkinemaaWlitluleytiframfrumvarpiYessu.XrttfyrirYaWerlagttilaWhugtakiWfagfjr #( festarverWiskilgreintlgumenekkireglugerW.MeginreglurYrsemlagWarerutilfrum $ ) varpiYessuumfjrfestaverndgildaumfagfjrfestajafntsemalmennafjrfestaenviWnnari v%N!* tfrsluYeirrareglugerWerverndfagfjrfestamunminni.Framangreindirh;parsemteljast A&"+ tilfagfjrfestageta;skaWeftiraWhafastWualmennrafjrfesta,sbr.23.gr.frumvarpsins.X  '", getakveWniraWilarkosiWaWgangastundirYrreglursemgildaumfagfjrfestaogYannig '#- afsalaWsrYeirriverndsemfelstYeimreglumsemgildaumalmennafjrfesta.TilaWfjr ( mlafyrirtkimegimeWhndlaYessaaWilasemfagfjrfestaverWaYeirY;aWuppfyllakveWin  skilyrWi,sbr.24.gr.frumvarpsins.kveWnirfagfjrfestarteljastjafnframtviWurkenndirgagn  aWilarognj;tasamkvmtYvminniverndarenaWrirfagfjrfestar.FlokkunviWskiptavina a almennafjrfestaogfagfjrfestahefurfyrstogfremsthriffjrfestaverndenhefurY;jafn T, framtYUWinguvarWandiregluruminnmiWlara.    010.tlul.erhugtakiWviWurkenndurgagnaWili(e.eligiblecounterparty)skilgreintsem  aWilisemfellurundira,bogcliWskilgreiningarfagfjrfesta.HugtakiWbyggist2.mgr.   24.gr.MiFIDtilskipunarinnarog1.mgr.50.gr.tilskipunarframkvmdastj;rnarinnar2006/  X 73/EB.HugtakiWermikilvgtlj;siYessaWYeiraWilarsemundirYaWfallanj;taekkiYeirrar K #  verndarsemkveWiWerum9.,14.,15.,16.og18.gr.og1.mgr.19.gr.frumvarpsinseins    ognnarerlUstathugasemdumviW22.gr.frumvarpsins.Xannignj;taviWurkenndirgagn    aWilarminniverndarenfagfjrfestarogalmennirfjrfestar.KveWiWerum2.mgr.24.gr.   MiFIDtilskipunarinnaraWaWildarrkiskuliviWurkennakveWnaaWilasemviWurkenndagagn wO  aWilaefumeraWrWaaWilasemsamsvaraaogcliWskilgreiningarfagfjrfesta.01.mgr. B  50.gr.tilskipunarframkvmdastj;rnarinnar2006/73/EBerkveWiWumaWaWildarrkimegi    jafnframtviWurkennasemviWurkenndagagnaWilaYaWilasemfallaundirbogeliWskil   greiningarfagfjrfesta.LagtertilfrumvarpiYessuaWnUttverWiheimildtilaWfellaundir {  skilgreininguviWurkenndragagnaWilaYaWilasemfallaundirbliWskilgreiningarfagfjrfesta nF endaerumaWrWast;rfyrirtkisem;htteraWgerarWfyriraWhafngaburWitilaWeiga 9 viWskiptumnYeirrarfjrfestaverndarsemkveWiWerumtilvitnuWumgreinumII.kafla  Yessafrumvarps.HinsvegarerlagttilaWYeiraWilarsemfallaundireliWskilgreiningarfag  fjrfestagetiekkis;ttumaWhafastWuviWurkenndragagnaWilaogbyggisttillaganYvaW r ekkisumaWilaaWrWameWsmuYekkinguogstyrkogYeiraWilarsemfallaflokkviWur e= kenndragagnaWila.XessiraWilarteljastYrttfyrirYaWfagfjrfestarognj;taYannigminnifjr 0 festaverndarenalmennirfjrfestarsbr.24.gr.frumvarpsins.    011.tlul.erhugtakiWalmennurfjrfestir(e.retailclient)skilgreintsemfjrfestirsem  ekkierfagfjrfestir.Almennirfjrfestarnj;tafullrarvendarkvWaII.kaflaumfjrfesta i verndogkvWatilskipunarframkvmdastj;rnarinnar2006/73/EB.HugtakiWalmennurfjr \4 festirerskylthugtakinuneytandienYaufallaY;ekkisamanYarsemalmennurfjrfestirer ' viWskiptavinureWahugsanlegurviWskiptavinurfjrmlafyrirtkisogviWskiptummeWfjr  mlagerninga.    012.tluliWeraWfinnaskilgreininguhugtakinuopinberfjrfestingarrWgjfogerskil `  greiningin;breyttfrgildandilgum.TilaWrWgjfteljistopinberfjrfestingarrWgjfYarf S+! hnaWfelasrrWleggingarUmistumaWkaupa,seljaeWahaldaslufjrmlagerningum " eWaverWbrfumeWatillguaWfjrfestingarstefnu.SlkarrWleggingargetaveriWbeinar,t.d. # YegarmltermeWkaupumeWaslu,undirvoguneWayfirvogun.RWleggingargetaY;einnig  $ veriW;beinar,t.d.YegarfjallaWerumframtWarYr;ungengiverWbrfaeWaYegarumfjllun !W% erYannigaWniWurstaWanaffjrfestingarrWgjfinnierlj;sY;ttorWinkaupeWasalakomi J""& hvergifyrir. #'   013.tluliWeraWfinnaskilgreininguhugtakinuviWurkenndmarkaWsframkvmdoger #( einniglagttilaWskilgreininginverWi;breyttfrgildandilgum.MeWviWurkenndrimarkaWs $ ) framkvmderttviWframkvmdsemtaliWereWlilegtaWgerarWfyriraWsviWhfWfjr v%N!* mlamrkuWumEvr;pskaefnahagssvWinu.XerYaWgertaWskilyrWiaWFjrmlaeftirlitiW A&"+ hafiviWurkenntframkvmdina.SkilgreiningarYrsemkomafram12.og13.tlul.komu  '", innlgumverWbrfaviWskiptimeWlgumnr.31/2005,enmeWYeimlgumvoruinnleiddar '#- YrjrtilskipanirEvr;puYingsinsogrWsinsummarkaWssvik,tboWs-ogskrningarlUsingar ( ogyfirtkurogundirtilskipanirframkvmdastj;rnarinnarummarkaWssvikogtboWs-og  skrningarlUsingar.    Lokser14.tluliWskilgreinthugtakiWinnmiWlari(e.systematicinternaliser).Byggist a skilgreiningin7.tlul.1.mgr.4.gr.MiFIDtilskipunarinnar.Samkvmtfrumvarpinuer T, meWinnmiWlarattviWfjrmlafyrirtkisemskipulega,reglulegaogkerfisbundiWviW  skiptumfyrireiginreikningmeWYvaWframkvmafyrirmliviWskiptavinautanskipulegs  verWbrfamarkaWareWamarkaWstorgsfjrmlagerninga(MTF).021.gr.reglugerWarfram   kvmdastj;rnarinnarnr.1287/2006/EBerskilgreintnnarhvaWfelstYvaWeigaviWskipt  X umskipulega,reglulegaogkerfisbundiW.ViWskiptinYurfaaWhafamikilvgaviWskiptalega K #  YUWingufyrirfyrirtkiWogveraframkvmdsamrmiviW;frvkjanlegarreglur.ViWskipt    inYurfaaWveraframkvmdafstarfsmnnumeWasjlfvirkutknilegukerfiogverasamfellt    aWgengilegfyrirviWskiptavini.XrttfyriraWfjrmlafyrirtkihafifalliWundirskilgreiningu   innmiWlaraerYvheimiltaWhttaYeirristarfsemimeWtilkynningusembirtersamahtt wO  ogYaWbirtirkaup-ogslutilboW.FjallaWeruminnmiWlara28.gr.frumvarpsinsaukYess B  semnnarkvWiverWasettreglugerW.      02.mgr.kvWisinserkveWiWumaWrWherraskulireglugerWsetjannarikvWium   skilgreininguhugtakannafjrmlagerningur,fjrfestingarrWgjfoginnmiWlari.Xegarhefur {  veriWgetiWumnnaritfrsluhugtakinuhrvruafleiWasamrmiviW5.!7.tlul.Chluta nF I.viWaukaMiFIDtilskipunarinnar.JafnframtergertrWfyriraWreglugerWrWherraverW 9 settkvWitilinnleiWingar21.,38.og39.gr.reglugerWarframkvmdastj;rnarinnar  1287/2006/EBog52.gr.tilskipunarframkvmdastj;rnarinnarnr.2006/73/EB.    Um3.gr. e= w  kvWiWmlirfyrirumhvenrtgefandiverWbrfa0slandsemheimarki.Afmrkun 0 heimarkitgefandahefurYUWingutengslumviWYaukvWiseminnleiWatilskipun  2004/109/EBvegnaupplUsingasemtgefandiskalbirtaopinberlega,enYrberhonumaW  sendaFjrmlaeftirlitinuYegarhann0slandsemheimarki,ogvegnagildissviWsVII.kafla i umreglulegarupplUsingar.SkilgreiningunaheimarkieraWfinnailiW1.mgr.2.gr. \4 gagnsistilskipunESB. '   01.mgr.erkveWiWumaW0slandsvalltheimarkitgefandameWskrWaskrifstofu  0slandisemgefurthlutabrfeWaskuldabrfYarsemnafnverWeiningaskuldabrfannaer  lgrifjrhWen92.400kr.(1.000evrur)efframangreindverWbrfhafaveriWtekintilviW `  skiptaskipulegumverWbrfamarkaWiEvr;pskaefnahagssvWinu.0slenskhlutaflgeiga S+! Yannigalltaf0slandsemheimarkijafnvelY;tthlutabrfflagsinshafiaWeinsveriWtekintil " viWskiptaskipulegumverWbrfamarkaWiWrurkiEvr;pskaefnahagssvWinuen0slandi. # Regla1.mgr.gildirumhlutaflgmeWskrWaskrifstofu0slandiY;ttviWkomandiflaghafi  $ WurgefiWtannarskonarverWbrfenYausemnefnderukvWinu. !W%   Regla2.mgr.gildirYeimtilvikumYegar0slanderheimarkitgefandameWskrWaskrif J""& stofurkiutanEvr;pskaefnahagssvWisins.AuksmuskilyrWaogmlterfyrirum1. #' mgr.,Y.e.tilteknategundverWbrfaogaWbrfinhafiveriWtekintilviWskiptaskipulegum #( verWbrfamarkaWiEvr;pskaefnahagssvWinu,ergerWkrafaumaWtgefandaberisam $ ) kvmtreglumumlUsingaraWsendaFjrmlaeftirlitinurlegaskUrslu,sbr.48.gr.XaWleiWir v%N!* afskilgreininguitlul.iliWar1.mgr.2.gr.tilskipunar2004/109/EBaWlgaWilimeWskrWa A&"+ skrifstofuutanEvr;pskaefnahagssvWisinstelstverameW0slandsemheimarkieflgaWilinn  '", erskyldurtilYessaWsendaFjrmlaeftirlitinurlegtyfirlitskv.48.gr.frumvarpsins.Sam '#- kvmttilskipun2001/34/EBumlUsingargeturtgefandimeWaWseturrkiutanEESveriW ( meWfleiriheimarkieneittEESsvWinu,t.d.efhanngefurtskuldabrfYarsemnafnverW  einingabrfannaer924.000kr.(10.000evrur)XUskalandiengefurthlutabrf0slandi.  Reglanumfleirieneittheimarkigengurhinsvegarekkiuppgagnvarttilskipun2004/109/ a EBYarsemhngerirkrfuumaWtgefandiveljieittheimarki.AfYeimskumernauWsyn T, legtaWhafakveWnaregluumhvenrtgefandiverWbrfameWaWseturrkiutanEvr;pska  efnahagssvWisinshefur0slandsemheimarki.Xverlagttil2.mgr.aWlgfestverWis  reglaaW0slandsheimarkitgefandansYegarhonumberskyldatilaWsendaFjrmlaeftir   litinurlegtyfirlitskv.48.gr.frumvarpsinsvegnahlutabrfasinnaeWaskuldabrfaYarsem  X nafnverWeiningaskuldabrfannaerlgrifjrhWen92.400kr.(1.000evrur).SkyldantilaW K #  sendarlegtyfirlittilFjrmlaeftirlitsinserafleiWingYessaWhlutabrftgefandanserutekin    tilviWskiptaskipulegumverWbrfamarkaWi0slandi,sbr.3.mgr.2.gr.reglugerWar242/    2006.JafnvelY;tttgefendadminuhraWframanberiskyldatilaWsendabWiFjrmla   eftirlitinuoglgbrumYUskumyfirvldumrlegaskUrslutelst0slandheimarkitgefandans wO  skilningitilskipunar2004/109/EBYarsem0slanderrkiWYarsemhlutabrfinerugefint. B    03.mgr.ermltfyrirumhvenr0slandgeturveriWheimarkiWrumtilvikumenYeim    semnefnderu1.og2.mgr.RtteraWnefnaaW3.mgr.aWeinsviWYegartgefandifellur   utanheimarkisreglna1.eWa2.mgr.kvWiWbyggistYvaWtgefandiveljisjlfuraWhafa {  0slandsemheimarki.ValiWgeturstaWiWmilli0slandsogannarsrkisEvr;pskaefnahags nF svWinuYarsemtgefandiermeWskrWaskrifstofueWaverWbrfhanshafaveriWtekintil 9 viWskiptaskipulegumverWbrfamarkaWi.SkilyrWiYessaWtgefandigetivaliWaWeiga0sland  aWheimarkieruaWhannsmeWskrWaskrifstofu0slandieWaaWverWbrfhanshafiveriW  tekintilviWskiptaskipulegumverWbrfamarkaWi0slandi.grundvellisWaraskilyrWisins r getur0slandorWiWheimarkitgefandameWskrWaskrifstofuWrurkiEvr;pskaefnahags e= svWinuen0slandieWatgefandameWskrWaskrifstofuutanEvr;pskaefnahagssvWisins. 0 0lokamlsliW3.mgr.ermltfyrirumaWvaltgefandaheimarkigildiaWminnstakosti  Yrjrfropinberribirtinguvalitgefandaheimarki,sbr.7.mgr.greinarinnar.Yeim  tmageturtgefandiekkivaliWneittannaWheimarki,Y.e.efekkikemurWurtilYessaW i verWbrftgefandanseruekkilengurviWskiptumskipulegumverWbrfamarkaWi \4 Evr;pskaefnahagssvWinu.NefnamdmiumtgefandameWskrWaskrifstofuDanmrku ' semgefurtskuldabrfsemtekinhafaveriWtilviWskiptaskipulegumverWbrfamarkaWi  0slandiogsemhefurvaliWaWhafa0slandsemheimarki.kveWiviWkomanditgefandieftir  eittraWtakaskuldabrfinafskipulegumverWbrfamarkaWi0slandiogflytjatgfunatil `  Danmerkurheldur0slandframaWveraheimarkihansaWminnstakostitvrtilviWb;tar. S+! 0slandgeturYannigveriWheimarkitgefandasemhvorkiermeWskrWaskrifstofu0slandi " nverWbrfskipulegumverWbrfamarkaWihr. #   04.mgr.ermltfyrirumhvenr0slandergistirkitgefandaenYaWerYegarverWbrf  $ tgefandanshafaveriWtekintilviWskiptaskipulegumverWbrfamarkaWi0slandiog0sland !W% erekkiheimarkihansskv.1.!3.mgr. J""&   05.mgr.ermltfyrirumaWkvWiVII.,VIII.ogIX.kaflalagannaeigiviWYegar0sland #' erheimarkitgefandaYrttfyriraWverWbrfhanshafiekkiveriWtekintilviWskiptaskipu #( legumverWbrfamarkaWi0slandihelduraWeinsWrurkiEvr;pskaefnahagssvWinu. $ ) DmiumslkastWuerefhlutabrfslenskshlutaflagseruaWeinstekintilviWskipta v%N!* skipulegumverWbrfamarkaWiDanmrku.Xarsem0slanderheimarkitgefandansber A&"+ FjrmlaeftirlitiWbyrgWeftirlitimeWYvaWtgefandinnfylgikvWum  '", gagnsistilskipunarinnar.XarafleiWandiverWaslenskarreglursembyggjastgagnsis '#- tilskipunESBaWgildaumhann,enlagtertilaWkvWitilskipunarinnarverWiinnleidd ( slenskanrttmeWkvWumVII.,VIII.ogIX.kaflafrumvarpsins.    06.mgr.ermltfyrirumaW;heimiltsaWtakaverWbrftgefanda,semsamkvmt3.  mgr.geturvaliWheimarki,tilviWskiptafyrrenhannhefurvaliWeittrkiEvr;pskaefna a hagssvWinusemheimarki.SstaWaYvekkiaWkomauppaWtgefandihafiekkert T, heimarkiensamkvmtgagnsistilskipuninniverWaallirtgefenduraWhafaeittrki  Evr;pskaefnahagssvWinusemheimarki.XarsemgagnsistilskipuningildirekkiumverW  brfasj;Wiogfjrfestingarsj;WisemgefathlutdeildarskrteinieWatgefendurpeningamark   aWsskjalameWstyttrigildistmaen12mnuWierutgefendurslkrafjrmlagerningaundan  X skildirYessarireglu.RtteraWtakaframaWeftgefandiframangreindrafjrmlagerninga K #  gefurteinhverjaraWrartegundirverWbrfaenhlutdeildarskrteinieWapeningamarkaWsskjl    meWstyttrigildistmaen12mnuWi,og&  YauverWbrferutekintilviWskiptaskipulegum    verWbrfamarkaWiundanYganekkiviW.'      &  Loksermltfyrirum7.mgr.aWvaltgefandaheimarkiskulibirtopinberlegameW wO  samahttioglUster1.mgr.62.gr.'w B    UmII.kafla.     0II.kaflaerfjallaWumfjrfestaverndogviWskiptahttifjrmlafyrirtkjaogerukaflan {  ummrgnUmlisemrekjamtilMiFIDtilskipunarinnar.04.gr.ergildissviWkaflansaf nF markaW.05.gr.erkveWiWumaWfjrmlafyrirtkiskulistarfasamrmiviWg;WaviW 9 skiptavenju.Xer6.gr.kveWiWumskipulagfjrmlafyrirtkjaog7.gr.erfjallaWum  tvistunverkefna.08.gr.eraWfinnareglurumhagsmunarekstraog9.gr.erukvWium  skriflegasamninga,skrningusamningaogyfirlittilviWskiptavinaumYj;nustu.010.gr.er r kveWiWumskrninguYj;nustuogvarWveislugagnaog11.gr.erfjallaWumsrgreiningu e= fjrmlagerningaogannarrafjrmuna.012.gr.eraWfinnareglurumsafnskrninguog13. 0 gr.komaframreglurumframsalsritun.14.gr.hefuraWgeymareglurumupplUsingagjftil  viWskiptavinaog15.gr.erkveWiWumskyldufjrmlafyrirtkjatilflunarupplUsinga  vegnaeignastUringarogfjrfestingarrWgjafar.XerkveWiWumskyldufjrmlafyrirtkja i tilflunarupplUsingavegnaannarraverWbrfaviWskipta16.gr.frumvarpsins.017.gr.er \4 fjallaWumveitinguYj;nustufyrirmillignguYriWjaaWila,18.gr.umbestuframkvmdog ' 19.gr.erukvWiumframkvmdfyrirmla.020.gr.erfjallaWumheimildfjrmlafyrir  tkjatilaWtilnefnaeinkaumboWsmenn.021.gr.erukvWiumflokkunviWskiptavinafjr  mlafyrirtkjaviWurkenndagagnaWila,fagfjrfestaogalmennafjrfesta.022.gr.eru `  kvWiumviWskiptifjrmlafyrirtkjaviWviWurkenndagagnaWilaog23.gr.komafram S+! reglurumsamskiptifagfjrfestaogfjrmlafyrirtkja.024.gr.eraWfinnaheimildfyrirviW " skiptavinitilaW;skaeftirYvaWfallaundirskilgreiningunafagfjrfestum.Xeru25.gr. # reglurumopinberafjrfestingarrWgjfogbirtingutlfrWiupplUsingaoglokser26.gr.aW  $ finnakvWiumsetningustj;rnvaldsreglna. !W%   Um4.gr. #'   0greininnieraWfinnakvWiumgildissviWII.kaflafrumvarpsins.GildakvWikaflans #( umfjrmlafyrirtkisemhafaheimildtilverWbrfaviWskipta,enumYaWhvaWafjrmlafyrir $ ) tkihafaheimildtilverWbrfaviWskiptafersamkvmtII.kaflalaganr.161/2002,umfjr v%N!* mlafyrirtki,YarsemkveWiWerumleyfisskyldastarfsemi,veitingustarfsleyfaogtegundir A&"+ starfsleyfa.Eingreinkaflanum,25.gr.,tekurY;ekkieinungistilfjrmlafyrirtkjasem  '", hafaheimildtilverWbrfaviWskipta,heldurgreinineinnigviWumaWilasembirtagreiningar '#- ogfjrfestingarrWgjfogopinberaaWilasemmiWlatlfrWilegumupplUsingumsemlklegar ( erutilaWhafamarktkhriffjrmlamrkuWunum.    Um5.gr. a   0greininnieraWfinnakvWiumskyldufjrmlafyrirtkjatilaWstarfasamrmiviW T, eWlilegaogheilbrigWaviWskiptahttiogvenjurverWbrfaviWskiptum.kvWiWer;breytt  fr4.gr.ngildandilagaumverWbrfaviWskipti.NgildandikvWierinnleiWing1.mgr.  11.gr.tilskipunarnr.93/22/EBEfr10.ma1993umfjrfestingarYj;nustusviWiverWbrfa   viWskiptasemhefurveriWleystafh;lmimeW1.mgr.19.gr.MiFIDtilskipunarinnarenekki  X ertalinveraYrfbreytingumefnisatriWumgreinarinnar.kvWiWfelursrmeginreglu K #  ogerunnurkvWikaflanstilnnariskUringarhvaWfelistg;WriviWskiptavenju.0kvW    inufelstm.a.aWfjrmlafyrirtkjumberaWstarfaheiWarlega,faglegaogafsanngirniog    gtahagsmunaviWskiptavinasinnahvvetna.0nokkrumkvWumtilskipunarfram   kvmdastj;rnarinnar2006/73/EB,YarsemeraWfinnakvWitilfyllingarMiFID wO  tilskipuninniumskipulagskrfurogviWskiptahttifjrfestingarfyrirtkjaogskilgreiningu B  hugtakafyrirYtilskipun,ersrstaklegavsaWg;WaviWskiptavenju.Msemdminefna    26.gr.YarsemkveWiWerumaWfjrmlafyrirtkiteljistekkistarfasamrmiviWg;Wa   viWskiptavenjuefYauYiggjaaWrargreiWslueWaumbunengetiWerkvWinu.GerterrW {  fyriraWkvWiYettaverWitekiWuppinnlendanrttmeWreglugerW.019.gr.lagaum nF fjrmlafyrirtkiersambrilegskyldalgWllfjrmlafyrirtkihvortsemYauhafaleyfi 9 tilverWbrfaviWskiptaeWaekki.kvWi5.gr.frumvarpsYessavsarsrstaklegatilvenja  verWbrfaviWskiptumogbeinistYannig,samrmiviWgildissviWkaflans,srstaklegaaW  fjrmlafyrirtkjumsemhafaheimildtilverWbrfaviWskipta. r   Um6.gr. 0   0kvWinuerfjallaWumskipulagfjrmlafyrirtkjaverWbrfaviWskiptumogYrrW  stafanirsemslkumfyrirtkjumberskyldatilaWgerasvoaWreksturinngetitalisttraustur  oghagsmunirviWskiptavinasutryggWir.LtakrfurYessarfyrstogfremstaWskipulagiog i innrimlumfyrirtkjanna. \4   01.mgr.erkveWiWumaWskipulagifjrmlafyrirtkjaskuliveraYannighttaWaWtryggW ' ssamfelldogreglulegstarfsemiogYj;nustaviWviWskiptavini.TilaWtryggjaYettaskulu  fjrmlafyrirtkim.ahafayfiraWrWaognotaviWeigandikerfiogverkferlaoginnanfyrir  tkjannaskalveranauWsynlegYekking.0kvWinufelstm.a.aWfjrmlafyrirtkjum `  verWbrfaviWskiptumberaWtryggjarugganreksturupplUsingakerfa.kvWiWerinnleiWing S+! 4.mgr.13.gr.MiFIDtilskipunarinnar.NnaritfrsluYvkvWitilskipunarinnarer " aWfinna3.mgr.5.gr.tilskipunar2006/73/EBsemsettvartilfyllingarMiFID # tilskipuninniumskipulagskrfurogviWskiptahttifjrfestingarfyrirtkjaogskilgreiningu  $ hugtakafyrirYtilskipun.XarerkveWiWumaWfjrmlafyrirtkjumberiaWhafatlunum !W% YaWhvernigskulibregWastviWrskunstarfsemifyrirtkisins,svosemvegnabilana J""& tlvukerfum,hvernigggnsuvarWveittogendurheimtoghvernigstarfseminniverWikomiW #' samtlageftirslkarskun. #(   02.mgr.erkveWiWumaWfjrmlafyrirtkiskulihafaruggaverkferlafyrirstj;rnun, $ ) reikningsskil,innraeftirlitoghttumatfyrirtkisins.kvWiWbyggist3.mlsl.5.mgr. v%N!* 13.gr.MiFIDtilskipunarinnar.GerterrWfyriraWtarlegri&  reglurumverkferlanaverWisett A&"+  reglugerW,sbr.reglugerWarheimild26.gr.frumvarpsins.'A&B   '",   03.mgr.erkveWiW&   umaWfjrmlafyrirtkiskulisetjareglurogverkferlasemtryggja ( aWfyrirtkiW,stj;rnYes'(% s,starfsmennogfastirumboWsmennfariaWlgumogreglumsem  umstarfseminagilda.JafnframtskulifjrmlafyrirtkisetjareglurumeiginviWskipti  stj;rnarfyrirtkisins,starfsmannaYessogfastraumboWsmannameWfjrmlagerninga. a kvWiWerinnleiWing2.mgr.13.gr.MiFIDtilskipunarinnarogkemuraWhlutatil T, staWinnfyrir14.gr.ngildandilagaumverWbrfaviWskiptiumviWskiptifyrireiginreikning  og15.gr.umreglurfjrmlafyrirtkja.LagtertilaWnnarikvWiumofangreindarreglur  ogverkferlaverWisettreglugerW,sbr.reglugerWarheimild26.gr.frumvarpsins,meW   hliWsj;naftilskipunframkvmdastj;rnarinnar2006/73/EB,enYarerm.a.aWfinnatarleg  X kvWiumregluvrslu6.gr.ogeiginviWskipti11.og12.gr. K #    & a Um7.gr.      kvWiW,semernUmli,kveWurumaWfjrmlafyrirtkiskulitryggjaaWtvistunverk   efnasemhafamikilvgaYUWingufyrir'a starfsemiYessaukiekkirekstarhttufyrirtkisins. wO  Xer2.mlsl.greinarinnarkveWiWumaWtvistunverkefnasemhafamikilvgaYUWingu B  fyrirstarfsemifjrmlafyrirtkiss;heimilefhnhefurskaWleghrifinnraeftirlitfyrir    tkisinseWaregluvrslu.AWlokumer3.mlsl.kveWiWumaWfjrmlafyrirtkiberieftir   semWurfullabyrgWtvistuWumverkefnum.MeWkvWinuerlgWtilinnleiWing {  kvWi5.mgr.13.gr.MiFIDtilskipunarinnar.JafnframtergertrWfyriraWnnaritfrsla nF kvWinuverWisettreglugerW,sbr.heimild26.gr.frumvarpsins,ennnaritfrslu 9 kvWi5.mgr.13.gr.MiFIDtilskipunarinnareraWfinna13.!15.gr.tilskipunarfram  kvmdastj;rnarinnar2006/73/EB,enYarerm.a.afmarkaWmeWtarlegumhttihvaWaverk  efnigetatalisthafamikilvgaYUWingufyrirstarfsemifjrmlafyrirtkjaogsettframnnari r skilyrWifyrirtvistunverkefnaogtvistuntilYriWjurkja. e=   Um8.gr.    0kvWinuerfjallaWumYrkrfursemgerWarerutilfjrmlafyrirtkjatilaWkomaveg  fyriraWhagsmunarekstrarhafineikvWhrifhagsmuniviWskiptavinaYeirra.kvWiW i kemurstaW13.gr.ngildandilagaumverWbrfaviWskipti.MeWkvWinuertekiWuppinn \4 lendanrttkvWi3.mgr.13.gr.og18.gr.MiFIDtilskipunarinnar.NnarikvWiverWa ' settreglugerWgrundvelli21.!25.gr.tilskipunarframkvmdastj;rnarinnar2006/73/EB.    01.mgr.erkveWiWumaWfjrmlafyrirtkiskuligeraallartiltkarrWstafanirtilaW  komavegfyriraWhagsmunarekstrarskaWihagsmuniviWskiptavinaYess.NnarverWur `  kveWiWumreglugerWtilhvaWarWstafanafjrmlafyrirtkiskuligrpaYessusambandi. S+! SkalfjrmlafyrirtkisetjasrreglurumrWstafanirgegnhagsmunarekstrum.RWstafanir " samkvmtYessarigreinskulutakamiWafstrWogeWlistarfseminnar.Komaskalvegfyrir # aWupplUsingarberistmillimannainnanfyrirtkisinsYannigaWhttasaWhagsmunir  $ viWskiptavinaskaWist.AWskiljaskaleftirlitinnanfyrirtkisinsmeWaWilumsemgetalent !W% hagsmunarekstrumviWviWskiptavini.FjarlgjaskaltengingarmilliY;knanasemskapaW J""& getahagsmunarekstra.Komaskalvegfyrir;eWlilegafskiptiafYeirriYj;nustusemfyrir #' tkiWveitir.EfrWstafanirYessareruekkingartilaWkomavegfyriraW #( hagsmunarekstrarskaWihagsmuniviWskiptavina,skalgripiWtilannarrarWstafanasem $ ) nauWsynlegareruYeimtilgangi. v%N!*   02.mgr.erkveWiWumaWfjrmlafyrirtkiskuligreinahagsmunarekstramilli:1.fyrir A&"+ tkisinssjlfsannarsvegar,Y.m.t.starfsmannaYess,einkaumboWsmannaeWaaWilasemlta  '", yfirrWumYessogviWskiptavinaYesshinsvegar,og2.milliviWskiptavinafyrirtkisins '#- innbyrWis.NnarverWurkveWiWumreglugerWhverniggreininghagsmunarekstraskalfara ( fram.HagsmunirfyrirtkisinsogaWilasemtengjastYvgetaskarastmeWUmsumhttiviW  hagsmuniviWskiptavina.FyrirtkiWeWaaWilarsemtengjastYvgetat.d.hlotiWvinningeWa  komisthjtapikostnaWviWskiptavinar.FyrirtkiWeWaaWilarsemtengjastYvgetahaftaWra a hagsmuniaftkomuverWbrfaviWskiptaenviWskiptavinurinn.FyrirtkiWeWaaWilarsem T, tengjastYvgetahafthagsmuniafYvaWhyglaeinumviWskiptavinikostnaWannars.Fjr  mlafyrirtkiWeWaaWilarsemtengjastYvgetarekiWsmustarfsemiogviWskiptavinur.X  geturfyrirtkiWeWaaWilartengdirYvfengiWY;knunfrWrumenviWskiptavinitengslum   viWYj;nustufyrirtkisins.BerfjrmlafyrirtkiaWgreinaallarframangreindartegundir  X hagsmunarekstra. K #  &    03.mgr.erkveWiWumaWYarsemrWstafanirskv.1.mgr.veitiekkifullngjandivissu    fyrirYvaWhagsmuna' &viWskiptavinasngjanlegagttskulifjrmlafyrirtkiupplUsaviW    komandiviWskiptaviniumeWliogstWurhagsmunarekstrannaWurentilviWskiptaer   stofnaWmillifjrmlafyrirtkisinsogviWskiptavinarins.GerterrWfyriraWreglugerWverWi wO  kveWiWumaWtilkynningsamkvmtkvWinuskulisendvaranlegummiWliogskuliinni B  haldangjanlegarupplUsingarmeWtillititilviWskiptavinarsvohanngetitekiWafstWutil    verWbrfaviWskiptannameWhliWsj;nafhagsmunarekstrunum.     & a Um9.gr. nF *  01.mgr.erkveWiWumaWeffjrmlafyrirtkitekuraWsrYj;nustusviWiverWbrfaviW 9 skiptafyriralmennanfjrfesti'an*skuligerWurskriflegursamningurmillifjrmlafyrirtkisins  ogviWskiptavinarYessYarsemm.a.skulikveWiWumrttindiogskyldursamningsaWila.  XettaY;ekkiviWumfjrfestingarrWgjf.kvWiWtekurtilnUrraviWskiptasemstofnaW r ertileftirgildistkufrumvarpsYessa.SkriflegursamningurgeturUmistveriWpappreWa e= WrumvaranlegummiWli. 0   MeWkvWinuerlagttilaWtekiWverWiuppinnlendanrttkvWi39.gr.tilskipunar  framkvmdastj;rnarinnar2006/73/EB.kvWiWgildiraWeinsumalmennafjrfestaogtekur  YvekkitilviWskiptafjrmlafyrirtkjaviWfagfjrfestaeWaviWurkenndagagnaWila. i   kvWiWleysirafh;lmi1.mgr.7.gr.ngildandilagaumverWbrfaviWskipti,enfelur \4 srnokkrarbreytingar.XannigerekkilengurgertrWfyriraWeinungisskuligeraskriflegan ' samningefumeraWrWaviWvarandiviWskiptasambandheldurerlagttilaWkvWiWeigiviW  hvertsinnsemfjrmlafyrirtkitekuraWsrYj;nustusviWiverWbrfaviWskiptafyriral  mennanfjrfesti.kvWiWYvviWumallaYj;nustusemfjrmlafyrirtkiveitaviWskipta `  vinumsnumsviWiverWbrfaviWskipta,hvortsemumeinstkviWskiptieraWrWaeWaviW S+! varandiviWskiptasamband.NgildandikvWigengurY;lengraaWYvleytiaWYarerekki " gerWurgreinarmunurviWskiptavinum,Y.e.YaWgildirhvortsemumeraWrWaalmennan # fjrfestieWafagfjrfesti.XaWaWkvWiWgildiekkiumfjrfestingarrWgjffelurekkisr  $ breytingufrgildandirtti,YarsemfjrfestingarrWgjffelluralmenntekkiundirreglurII. !W% kaflagildandilaga. J""&   02.mgr.erkveWiWumaWfjrmlafyrirtkiskulihaldasrstakaskryfirallasamninga #' semgerWireruviWhvernviWskiptavinYess.0samningumskalkveWiWumrttindiogskyldur #( viWskiptumaWila.02.mlsl.2.mgr.erkveWiWumaWheimiltsaWvsatilrttarreglnaeWa $ ) skjalasemsuaWgengilegviWskiptamnnumumrttindiogskyldursamningsaWilaogYar v%N!* meW;YarfiaWendurtakaefnirttarreglnaogskjalasamningnumsjlfum.kvWiWerinn A&"+  leiWing7.mgr.19.gr.MiFIDtilskipunarinnar.  '",   03.mgr.erkveWiWu&   maWfjrmlafyrirtkiskulisendaviWskiptavinumsnumyfirlityfir ( YYj;nustusemYaWvei'(%7tirYeim.GerterrWfyriraWyfirlitinhafiaWgeyma,YarsemviW,  upplUsingarumkostnaWviWYj;nustuna.kvWiWerinnleiWing8.mgr.19.gr.MiFIDtil  skipunarinnar.0tarlegkvWiumyfirlitfjrmlafyrirtkjatilviWskiptavinaeraWfinna40.! a 43.gr.tilskipunarframkvmdastj;rnarinnar2006/73/EBogergertrWfyriraWYauverWi T, innleiddslenskanrttmeWreglugerW,sbr.reglugerWarheimild26.gr.frumvarpsins.Gert  errWfyriraWreglugerWinniverWim.a.kveWiWumhveoftslkyfirlitskulisendoghvaWa  upplUsingarskulikomaYarfram.02.mgr.7.gr.gildandilagaumverWbrfaviWskiptieraW   finnasvipaWkvWiYarsemkveWiWerumskyldufjrmlafyrirtkissemtekuraWsr  X eignastUringutilaWsendaviWskiptavinumsnumyfirlittvisvarriYarsemframkomaupp K #  lUsingarumhvernigfjrmunumviWkomandihefurveriWvariWfrYvaWfyrrayfirlitvargefiW    t,eignastWuogtlaWverWmtieignaviWdagsetninguyfirlits.XerngildandikvWi    kveWiWumskyldufjrmlafyrirtkistilaWsendaviWskiptavinumsnumslktyfirlitntafar   fariviWskiptavinurframYaW. wO    Um10.gr.    >  MeW1.mgr.erkveWiWumaWfjrmlafyrirtkiskulihaldaskrryfirallaYj;nustusem   YaWveitirogllviWskiptisemYaWhefurmillignguumsviWiverWbrfaviWskipta.XerlgW {  sskyldafjrmlafyrirtkiaWskrrnarsuYaWtarlegaraWfyrirtkiWgetimeWYeimsUnt nF framaWYaWhafifariWaWlgumstarfsemisinni.MeWkvWinuerlagttilaW6.mgr.13. 9 gr.MiFIDtilskipunarinnarverWiinnleiddslenskanrtt.TilgangurkvWisinseraWtryggja  aWfjrmlafyrirtkigetimeWYvaWskrYj;nustuogviWskiptisUntframaWYaWfariaW  lgumogreglumsemumstarfseminagilda.SlkskrningermikilvgtilaWFjrmlaeftir r litiWgetistaWreyntaWstarfseminuppfylliYrkrfursemgerWarerutilhennar.07.og8.gr. e= reglugerWarframkvmdastj;rnarinnar1287/2006/EBerunnarireglurumskrrsamkvmt 0 greininni.Xarerm.a.kveWiWumhvaWaupplUsingarskuliskrvegnaverWbrfaviWskipta.  XerfliW1.mgr.5.gr.tilskipunar2006/73/EBkveWiWumaWfjrmlafyrirtkiskulihafa  viWeigandiskrryfirstarfsemisna.023.gr.smutilskipunarerlagtfjrmlafyrirtkiaW i haldaskryfirYYj;nustuYarsemhagsmunarekstrarhafakomiWuppogvaldiWhttu \4 tj;nihagsmunumviWskiptavina.051.gr.smutilskipunarerkveWiWumhversulengi ' skrrskuligeymdarogvarWveittar.XereftirlitsaWilumhversrkisfaliWaWgera  lgmarkskrfurtilYeirraupplUsingasemgeymaskalsamkvmtkvWinu.GerterrWfyrir  aWkvWiYessiverWiinnleittinnlendanrttmeWreglugerWsbr.26.gr.frumvarpsins. `    02.mgr.erkveWiWumaWfjrmlafyrirtkiskulivarWveitaa.m.k.fimmrggnumll S+! viWskiptimeWfjrmlagerningasemYaWframkvmir,hvortsemviWskiptinerufyrireigin " reikningfyrirtkisinseWafyrirhndviWskiptavina.KveWiWerumaWggnYessiskulim.a. # innihaldaupplUsingarsamkvmtlgumnr.64/2006,umaWgerWirgegnpeningaYvttiog  $ fjrmgnunhryWjuverka.kvWiWernUmlislenskumrtti,enmeWYverlgWtilinnleiW !W% ingkvWi2.mgr.25.gr.MiFIDtilskipunarinnar. J""&   & a Um11.gr. #( I  011.gr.frumvarpsinsermltfyrirumsrgreiningufjrmlagerningaogannarrafjrmuna $ ) viWskiptavina.FelurkvWiW'a#IԀsrinnleiWingu7.og8.mgr.13.gr.MiFIDtilskipunarinnar. v%N!* kvWiWkemurstaW10.gr.ngildandilagaumverWbrfaviWskiptiYarsemkveWiWerum A&"+ aWfjrmlafyrirtkiskulihaldafjrmunumogfjrmlagerningumviWskiptavinatryggilega  '", aWgreindumfreignumfjrmlafyrirtkisinsogaWfjrmunirviWskiptavinaskulivarWveittir '#- srstkumnafnskrWumreikningi,enkvWiWrturaWrekjaafturtil7.gr.laganr. ( 27/1986,umverWbrfamiWlun.    01.mgr.erkveWiWumaWfjrmlafyrirtkiskulihaldafjrmlagerningumviWskiptavina  tryggilegaaWgreindumfreignumfjrmlafyrirtkisins.GerterrWfyriraW a fjrmlafyrirtkigetiaWeinsnUttsrfjrmlagerningaviWskiptavinarfyrireiginreikning T, meWskriflegusamYykkihans.02.mgr.erkveWiWumaWfjrmlafyrirtkiskulihalda  WrumfjrmunumviWskiptavinatryggilegaaWgreindumfreignumfjrmlafyrirtkisins.0  kvWinuergertrWfyriraWfjrmunirviWskiptavinarskulivarWveittirsrstkum   nafnskrWumreikningi.03.mgr.erkveWiWumaWfjrmlafyrirtkisemekkieru  X lnastofnanirgetiekkinUttfjrmuniviWskiptavinafyrireiginreikning. K #  &    kvWinuertlaWaWtreystarttarstWuviWskiptavinaviWgreiWslurWugleikafjrmla    fyrirtkja,einkumYeimtilvikum' PYegarfjrmlafyrirtkihefurtekiWaWsreignastUringu    eWafjrvrslu.XannigtengistkvWiW109.gr.lagaumgjaldYrotaskiptio.fl.,nr.21/1991,   og9.gr.lagauminnstWutryggingarogtryggingakerfifyrirfjrfesta,nr.98/1999. wO    &  016.!20.gr.tilskipunarframkvmdastj;rnarinnar2006/73/EBeraWfinnannarikvWi B  umvarWveislueignumviWskiptavina.'B$S016.gr.erm.a.gerWkrafaumaWfjrmlafyrirtki    tryggiruggaaWgreiningueignasemtilheyraviWskiptavinummeWskrmogreikningumog   gerirWstafanirtilaWfyrirbyggjamisnotkuneignumviWskiptavina.017.gr.erfjallaWum {  YrkrfursemgerWarerutilfjrmlafyrirtkjaYegarYaufelaYriWjaaWilaaWvarWveitafjr nF mlagerningaviWskiptavina.018.gr.erm.a.kveWiWumaWYegarfjrmlafyrirtkitakiviW 9 ffrviWskiptaviniskuliYaWntafarleggjaYaWinnreikninghjseWlabanka,lnastofnun,  bankameWstarfsleyfiYriWjarkieWaviWurkenndumpeningamarkaWssj;Wi.kvWiWY;  ekkiviWumlnastofnunsemtekurviWinnlni.019.gr.komaframnnariskilyrWifyrirYv r aWfjrmlafyrirtkigetinotaWfjrmlagerningaviWskiptavina.020.gr.erkveWiWumYaW e= aWytriendurskoWendurfjrmlafyrirtkisskulisendaa.m.k.rlegaskUrslutileftirlitsaWila 0 umvarWveislufyrirtkisinseignumviWskiptavinasamkvmtkvWinu.XerlagttilaW  framverWigerWkrafaumaWfjrmunirviWskiptavinar,aWrirenfjrmlagerningar,skuli  varWveittirsrstkumnafnskrWumreikningi.ByggisttillaganYvaWvarhugavertsaW i afnemaslkaaWgreiningumeWtillititilhagsmunaviWskiptavinaviWhugsanlega \4 greiWsluerfiWleikaeWagjaldYrotfjrmlafyrirtkisins.ByggisttillaganjafnframaliW1. ' mgr.16.gr.tilskipunarframkvmdastj;rnarinnar2006/73/EBYarsemkveWiWerumaW  aWgreiningmillieignaviWskiptavinaskuligerWmeWskrmeWareikningum.Xsegir2.mgr.  16.gr.aWefrWstafanirskv.1.mgr.kvWisinssuekkingartilaWfullngjakvWum7. `  og8.mgr.13.gr.MiFIDtilskipunarinnar,YskulisettYauskilyrWisemnauWsynlegerutil S+! aWfullngjaYeimkvWum.0frumvarpinuergertrWfyrirYvaWvarWveisla " fjrmlagerningasafnreikningumverWiframheimil.GerterrWfyriraWkvWiYessi # verWitekinuppslenskanrttmeWreglugerW.  $   & a Um12.gr. J""& ^  012.gr.eraWfinnareglurumsafnskrningu.kvWiWeraWmestu;breyttfr11.gr.n #' gildandilagaumverWbrfaviWskipti.'aJ"^ԀkvWiumsafnskrninguvarfyrstlgfestmeWlgum #( nr.164/2000.XaWkvWi&  varsWantekiWuppnr;breyttgildandilgumverWbrfaviW $ ) skipti,nr.33/2003.'$` v%N!*   01.mgr.erkveWiWumaWfjrmlafyrirtkisemsheimiltaWvarWveitafjrmlagerninga A&"+ eiguviWskiptavinasinnagetis;ttumheimildFjrmlaeftirlitsinstilaWmegavarWveitaY  '", srstkumreikningiogtakaviWgreiWslumfyrirhndviWskiptavinasinnafreinstkumt '#- gefendumfjrmlagerninga,endahafifjrmlafyrirtkiWgertviWskiptavinigreinfyrirrttar ( hrifumYessoghannveittsamYykkisitt.XermltfyrirumaWfjrmlafyrirtkiberiaW  haldaskryfirhluthversviWskipavinarfyrirsigsamkvmtYessarigrein.MeWkvWinuer  lgWtilsbreytingaWFjrmlaeftirlitiWveitiheimildtilsafnskrningarstaWYessaWfjr a mlafyrirtkifislkaheimildsjlfkrafaeinsogner.ErYettagertYeimtilgangiaW T, tryggjabetureftirlitmeWsafnreikningumogYeimskilyrWumsemgildaumslkareikninga.  GerterrWfyriraWnnarikvWiumsafnreikningaverWisettreglugerWskv.26.gr.  frumvarpsins.0ngildandilgumerkveWiWumaWrWherrasetjinnarikvWireglugerW   umsafnreikninga,m.a.umsviptinguheimildartilaWskrfjrmlagerningasafnreikning.  X EWlilegraYykiraWorWalaginuverWibreyttYleiWaWreglugerWinkveWiumskilyrWi K #  heimildartilvarWveislusafnreikningum.XerlagttilaWreglugerWmegikveWaum    upplUsingagjftilFjrmlaeftirlitsins,svosemumauWkenniviWskiptamannaaWbaki    safnreikningum,enslkupplUsingagjfhefurveriWskilyrWiheimildartilvarWveislu   fjrmlagerningasafnreikningumsamkvmtnorskrilggjf.HefurYessiheimildreynst wO  mjggagnlegeftirlitinorskafjrmlaeftirlitsinsmeWlggjffjrmlamrkuWum.ErYv B  lagttilaWrWherraverWiheimiltaWkveWaumaWupplUsingagjftilFjrmlaeftirlitsins    verWieittYeirraskilyrWasemfjrmlafyrirtkjumberaWuppfyllatilYessaWfheimildtil   varWveislufjrmlagerningasafnreikningum. {    kvWi2.mgr.ersamhlj;Wa2.mgr.11.gr.ngildandilaga. nF   & a Um13.gr.  Ck  kvWiWfjallarumframsalsritunoger;breyttfr12.gr.ngildandilagaumverWbrfa  viWskipti.SambrilegtkvWihefurveriWlgumfr1986.'aOk r   Um14.gr. 0 l  kvWi14.gr.,semhefuraWgeymareglurumupplUsingagjffjrmlafyrirtkistilviW  skiptavinasinna,kemuraWhlutatilstaW5.gr.ngildandilagaumverWbrfaviWskipti,enYar  erm.a.fjallaWumupplUsingaskyldufjrmlafyrirtkjaviWviWskiptavinisna.MeWgreininni i eruinnleiddkvWi2.og3.mlsgreinar19.gr.MiFIDtilskipunarinnar.GerterrWfyriraW \4 nnarverWikveWiWumupplUsingaskyldufjrmlafyrirtkjareglugerW,sbr.reglugerWar ' heimild26.gr.frumvarpsYessa.NnarireglurumupplUsingagjffjrmlafyrirtkjaeru  27.!34.gr.tilskipunarframkvmdastj;rnarinnar2006/73/EB.kvWitilskipunarinnar  gildafyrstogfremstumalmennafjrfestaenekkinemaaWlitluleytiumfagfjrfesta. `  MeginreglurYrsemkomafram14.gr.frumvarpsinsgildahinsvegarbWiumalmenna S+! fjrfestaogfagfjrfesta.TilaWuppfyllakrfurgreinarinnarverWurfjrmlafyrirtkiaWveita " viWeigandiupplUsingarWurentilviWskiptaerstofnaWognkvWinYvekkiaWeinstil # YeirraaWilasemerusamningssambandiviWfjrmlafyrirtkiWheldureinnigtilallraYeirra  $ aWilasemYaWbUWurYj;nustusna. !W%   01.mgr.erkveWiWumaWfjrmlafyrirtkiskuliveitaviWskiptavinumsnumogWrum J""& semYaWbUWurYj;nustusnagreinarg;WarupplUsingarumfjrmlafyrirtkiWsjlft,Yj;nustu #' Yess,YfjrfestingarkostisemYeimstandatilboWaogYhttusemslkumfjrfestingum #( fylgir.XerkveWiWumaWupplUsingarsemfjrmlafyrirtkiWveitirviWskiptavinumsnum $ ) skuliveraskUrarogsanngjarnarogmegiekkiveravillandi.SkuluupplUsingarnarveraYann v%N!* igrgarWigerWaraWviWskiptavinirgetitekiWupplUstafjrfestingarkvrWungrundvelli A&"+ Yeirra.XannigfelstkvWinusmeginreglaaWfjrmlafyrirtkiskuli,WurenstofnaWer  '", tilviWskiptaviWnUjanviWskiptavin,eWastofnaWertilnUrrartegundarviWskiptaviWaWilasem '#- YegarerviWskiptumviWfyrirtkiW,veitagreinarg;WarupplUsingarumfjrmlafyrirtkiW ( sjlftogYj;nustuYessYvskyniaWviWskiptavinurgetimeWsjlfstWumhttilagtmat  eWlioggWiYeirrarYj;nustusemfjrmlafyrirtkiWveitiroghelstuhttuYttisemkunna  aWfylgjaviWskiptumviWYaW.Erhrm.a.ttviWupplUsingarumhvarstarfsstWfjrmla a fyrirtkisinseroghvortumeraWrWatiberlendsfjrmlafyrirtkis,upplUsingarumYaW T, hvortstarfseminerstarfsleyfisskyldogYeinnigupplUsingarumYaWhvaWalggjfstarf  semifyrirtkisinslUturogYaWhvaWaleyti,semogeftirlitihvaWayfirvaldsYaWstir.Jafn  framtskuluveittarupplUsingarumhvenrfjrmlafyrirtkivarstofnaW,semoghvortog   YhvarviWskiptavinirgetinlgastupplUsingarumfjrhagsleganstyrkfyrirtkisins.MeW  X fjrfestingarkostumerkvWinuvsaWtileinstakrafjrmlagerninga,fjrfestingarstefnu K #  semkannaWveraboWinviWskiptavinumogupplUsingarumYviWskiptavettvanga(e.    executionvenues)YarsemviWskiptikunnaaWveraframkvmd,Y.e.upplUsingarumskipu    legaverWbrfamarkaWi,markaWstorgfjrmlagerninga(MTF)oginnmiWlara.0upphafier   ngjanlegtaWupplUsingarumYj;nustufjrmlafyrirtkisinssugefnarmeWalmennum wO  htti.EfviWskiptamaWursUnirhinsvegartilteknumYj;nustuYttumhuga,eWabendifjr B  mlafyrirtkiWhonumeWarWleggihonumumeinstakaYj;nustuYtti,skalYessgttaW    eWliogskilmlarslkraYj;nustuYttasukynntirviWskiptavini.SkalskynningmeWskUrum   ogsanngjrnumhttigeragreinfyrirYeimkostumoghttuYttumsemYj;nustunnikunna {  aWverasamfara.0YvsambandiskalumfjllunumhttuYttigertjafnhttundirhfWiog nF kostumYj;nustunnarfyrirviWskiptavininn.SkalupplUsingagjfumYessiefnimiWuWviWal 9 mennahfnioggetuYessh;psviWskiptavinasemviWkomandiYj;nustuYttierbeintaW.  UpplUsingarYessarskulugefnarvaranlegummiWli,enheimilterY;aWveitaYrmeWtil  vsuntilvefsWuYarsemYreruveittarogYeimgerWskil. r   02.mgr.erkveWiWumaWfjrmlafyrirtkiskulikunngeraviWskiptavinumsnumog e= WrumsemYaWbUWurYj;nustusnafyrirframhvaWaY;knunYaWmuniskiljasrfyrirYj;n 0 ustusna.XerkveWiWumYaWmlsgreininniaWtilkynnaskuliviWskiptavinumumbreyt  ingarY;knunmeWhfilegumfyrirvara.kvWiWeraWmestusamhlj;Wa2.mgr.5.gr.n  gildandilagaoghefursambrilegtkvWilengiveriWverWbrfaviWskiptalgum.ViWmat i YvhvaWshfilegurfyrirvariskilningikvWisinsberaWltatilefnissamningsmilli \4 aWilahverjutilvikifyrirsig.ViWskiptavinurYarfaWhafarWrmtilaWtakaafstWutilYess ' hvortforsendurerubrostnarfyrirviWskiptumviWviWkomandifjrmlafyrirtki.Uppsagnar  frestirsamningssambndummundutilaWmyndahafaYauhrifaW?hfilegurfyrirvari   tkimiWafYvrWrmisemviWskiptavinurhefWitilaWsegjauppsamningi. `    03.mgr.ermltfyrirumYregluaWfjrmlafyrirtkiskulihafaaWgengilegarupplUsing S+! arumrttarrrWiviWskiptavinaefgreiningurrsmillifyrirtkisinsogYeirra.kvWiWer " samhlj;Wa3.mgr.5.gr.ngildandilagaumverWbrfaviWskipti.NgjanlegterYessusam # bandiaWupplUsingarYessarsuveittarmeWalmennumhtti,svosemheimasWufyrir  $ tkisinsYarsemviWskiptavinumerbenthvarYeirgetileitaWrlausnarumkvrtunarefna !W% sinna.XaurttarrrWisemvsaWertilkvWinuerueinkumkvrtunarferliinnanfjrmla J""& fyrirtkis,kvrtun&  tilrskurWarnefndarumviWskiptiviWfjrmlafyrirtki,eftirYvsemviW #' ,oghfWunmlsfyrird;mst;lum.'# #(   04.mgr.erkveWiWumaWauglUsingumogannarrikynningarstarfsemifjrmlafyrir $ ) tkisskuliYessgttaWframkomirttarognkvmarupplUsingarumstarfsemiogYj;nustu v%N!* fjrmlafyrirtkisinsogaWmarkaWsefnisaWgreintfrWrumorWsendingum.kvWiWer A&"+ aWhlutatilsamhlj;Wa4.mgr.5.gr.ngildandilagaumverWbrfaviWskiptienkrafanumaW  '", markaWsefniskuliveraaWgreintfrWrumorWsendingumernUmli.0YvfelstaWauglUs '#- ingarogannaWkynningarefnifjrmlafyrirtkisskalveraskUrlegagreinanlegtsemslktefni ( ogaWekkishttaruglingiviWannarskonarefnisemfjrmlafyrirtkiWlturfrsrfara.    Um15.gr. a   015.gr.frumvarpsinserfjallaWumflunupplUsingaogrWleggingarvegnaeignastUringar T, ogfjrfestingarrWgjafar.MeWhennieruinnleiddkvWi4.mgr.19.gr.MiFIDtilskipunar  innar.kvWiWleysiraWhlutatilafh;lmikvWi1.mgr.5.gr.ngildandilaga.  & a   01.mgr.ersskyldalgWfjrmlafyrirtkisemveitafjrfestingarrWgjfeWasinna   eignastUringu,aWkannaogleggjamatmikilvgaYttivarWandiYekkingu,fjrhagslegan  X 'a ѐstyrkogreynsluviWskiptavinasinnaeWahugsanlegraviWskiptavinasviWiYeirrartegundar K #  fjrmlagerningaeWaverWbrfaviWskiptasemvarWafyrirhugaWarfjrfestingarYeirra.ErYetta    gertYvskyniaWtryggjaaWfyrirtkiWhafirttmtastWutilaWtlaaWrWgjfYesseWa    eignastUringvarWandihvereinstkviWskiptissamrUmanleghagsmunumviWskiptavinarins,   Y.e.a.s.hfihonum.VarWandihugtkinfjrfestingarrWgjfogeignastUringervsaWtilorW wO  skUringa2.gr.frumvarpsins.HugtakiWviWskiptavinurberaWskUravWtktYannigaWYaW B  nitilallrasemveittarerurWleggingarsamkvmtkvWinu.035.gr.tilskipunarfram    kvmdastj;rnarinnar2006/73/EBernnartfrthverjuskyldurfjrmlafyrirtkjafelast   samkvmtkvWinu.SamkvmtYvskallitiWsvoaWrWleggingarfjrmlafyrirtkishfi {  viWskiptaviniefviWskiptinerufyrstalagisamrmiviWfjrfestingarmarkmiWviWkomandi nF viWskiptavinar.0WrulagiskuluviWskiptinveraYesseWlisaWviWskiptavinurinngetiboriWY 9 fjrhagsleguhttusemYeimersamfara,m.a.meWtillititilfjrfestingarstefnuhansaWWru  leyti.0YriWjalagieigaviWskiptinaWveraYesseWlisaWviWskiptavinurinnbiyfirngjanlegri  YekkinguogreynslutilaWskiljahttunasamfaraviWskiptunumeWaeignastUringunni.Ef r umeraWrWafjrfestingarrWgjftilfagfjrfestis,eWaeignastUringufyrirhanshnd,skal e= fjrmlafyrirtkiY;veraheimiltaWltasvo,varWandiYrtegundirfjrmlagerningaog 0 verWbrfaviWskiptasemviWskiptavinurinnhefurveriWflokkaWursemfagfjrfestirfyrir,aW  ekkiYurfiaWleggjamatYaWhvorthannbiyfirngjanlegriYekkinguogreynslutilaWeiga  viWskiptin,sbr.36.gr.tilskipunarinnar.XerfjrmlafyrirtkiekkiskyltaWleggjamat i fjrhagsleganstyrkfagfjrfesta,annarraenYeirraalmennufjrfestasem;skaWhafaeftir \4 meWferWsemfagfjrfestar.AWWruleytiskalmetafjrhagsleganstyrkviWskiptavinameW ' hliWsj;nafeWliogfjrhWteknahans,eignumhansaWWruleyti,fjrfestingumhans,fast  eignumogskuldbindingum.Xskalm.a.aflaupplUsingaumYaWtilhversulangstmaviW  skiptavinurvillfestafsitt,hverhttusknihanser,getahanstilaWtakahttuog `  tilgangurfjrfestingarYvskyniaWstaWreynafjrfestingarmarkmiWhans.HafiYeirraupp S+! lUsinga,semliggjatilgrundvallarviWmatYvhvorttiltekinverWbrfaviWskiptihfiviW " skiptavini,veriWaflaWWurverWuraWltasvoaWfjrmlafyrirtkis;skyltaWaflaYeirra # aWnUjunemaYaWhafirttmtastWutilaWtlaaWbreytingarhafiorWiWhgumviW  $ skiptavinar,langurtmisliWinnsWanupplUsingarnarvoruveittar,eWaviWskiptavinur;ski !W% sjlfureftiraWuppfraYrupplUsingarsemliggjamatinutilgrundvallar. J""&   02.mgr.erkveWiWumaWaflifjrmlafyrirtkiekkiYeirraupplUsingasemmlterfyrir #' um1.mgr.,eWasYv;kleiftaWaflaYeirra,sYv;heimiltaWltaviWskiptavinitrW #( leggingarumverWbrfaviWskipti.MeWkvWinuertekinupp5.mgr.35.gr.tilskipunarfram $ ) kvmdastj;rnarinnar2006/73/EB.0Yvfelstm.a.aWefviWskiptavinurveitirekkinauWsyn v%N!* legarupplUsingareWaveitir;fullkomnarupplUsingarskv.1.mgr.,Yerfjrmlafyrirtkinu A&"+  ;heimiltaWveitaviWskiptavininumfjrfestingarrWgjfeWaannasteignastUringufyrirhann.  '",   03.mgr.&   erkveWiWumaWfjrmlafyrirtkjums;heimiltaWhvetjaviWskiptavinisna ( tilaWveitae'(ekkiYrupplUsingarsemkrafisteraWaflaWssamkvmtgreininni.MeWmls  greininnierinnleittkvWi2.mgr.37.gr.tilskipunarrWsins2006/73/EB    Um.16.gr. T,   0greininnierfjallaWumskyldufjrmlafyrirtkjatilaWaflaupplUsingafrviWskiptavin  umogleggjamatYrvegnaallraannarraverWbrfaviWskiptaenYeirrasemfjallaWerum  15.gr.MeW16.gr.eruinnleiddkvWi5.og6.mgr.19.gr.MiFIDtilskipunarinnar,en   kvWiWkemuraWhlutatilstaW1.mgr.5.gr.og8.gr.ngildandilagaumverWbrfaviW  X skipti. K #    MeWkvWinuerinnleiddsreglaaWfjrmlafyrirtkisskylt,YegarYaWsinnirannars    konarverWbrfaviWskiptumenfjrfestingarrWgjfogeignastUringu,aWaflaupplUsingaum    YekkinguogreynsluviWskiptavinarYvskyniaWstaWreynahvortYauviWskiptisemhann   hyggsteigasuviWeigandifyrirhann.SmunurermativiWskiptumskv.15.og16.gr. wO  frumvarpsinsaWviWframkvmdYeirraviWskiptasemfallaundir16.gr.erfjrmlafyrirtki B  ekkiskyltaWaflaupplUsingaumfjrhagsstWuviWskiptavinareWamarkmiWhansmeWviW    skiptunumogtryggjaaWeinstkviWskiptifariekkibgaviWhagsmunihanshvaWYauefni   snertir.AfYessuleiWiraWfjrmlafyrirtkjumbereinungisaWleggjamatYekkinguog {  reynsluviWskiptavinarinsYvskyniaWstaWreynaaWhannbiyfirnauWsynlegrivitneskjutil nF aWberaskynbragWYhttuYttisemkunnaaWverasamfaraYeimviWskiptumsemhann 9 ;skareftireWafjrmlafyrirtkiWbUWurhonum.TeljifjrmlafyrirtkiaWsvosekkiber  YvaWupplUsaviWskiptavininnumYskoWunsnasemogaWYaWteljiaWviWskiptineWa  Yj;nustansuekkiviWeigandifyrirhannafYeimskum.HiWsamagildirefviWskiptavinur r fristundanYvaWveitahinarumbeWnuupplUsingar,enYberfjrmlafyrirtkiaWvara e= hannviWYvekkisunntafYeimskumaWleggjamatYaWhvorttiltekinviWskiptieru 0 viWeigandifyrirhann.BWarYessarviWvaranirmveitastWluWuformi,t.d.tlvup;sti,  ogYrskuluveittarWurenviWskiptieruframkvmd.    037.gr.tilskipunarframkvmdastj;rnarinnar2006/73/EBermltfyrirumYregluaW i eftirtalinnaupplUsingaskuliaflaWYvskyniaWleggjamatYekkinguogreynsluviWskipta \4 vinaofangreindumtilgangiaWYvmarkisemeWlihinnafyrirhuguWuviWskiptakrefst.0 ' fyrstalagiskalaflaupplUsingaumYauviWskipti,Yj;nustueWafjrmlagerningasemviW  skiptavinurinnYekkir.0WrulagiskalaflaupplUsingaumeWliogfjldaYeirraviWskiptasem  viWskiptavinurinnhefurttmeWfjrmlagerning,aukupplUsingaumYaWhvaWatmabiliYau `  viWskiptittusrstaWogumhvaWafjrhWir&  varumaWtefla.Loksskalfjrmlafyrirtkiafla S+! upplUsingaummenntunogstarfsreynsluviWskiptavinar.'S  "   &  04.mgr.16.gr.ermltfyrirumYregluaWYegarfjrmlafyrirtkisjaWeinsumm;t # tkuogframkvmdgreiWslufyrirmla'ҴsYeim;skyltaWaflaupplUsingaumYekkinguog  $ reynsluviWskiptavinarogleggjamatYaWhvorttiltekinviWskiptieruviWeigandifyrirhann. !W% XessiundanYgafrframangreindrimeginregluerhinsvegarhWfj;rumskilyrWumog J""& verWurYeimllumaWverafullngttilaWundanYgunniverWibeitt.FyrstaskilyrWiWeraW #' viWskiptinltiaWhlutabrfumsemtekinhafaveriWtilviWskiptaskipulegum #( verWbrfamarkaWiEvr;pskaefnahagssvWinueWasambrilegummarkaWiWrurki, $ ) peningamarkaWsskjlum,skuldabrfumeWaskuldsamkvmtannarskonarverWbrfum(e. v%N!* securitiseddebt)aWundanskildumYeimsemhafainnbyggWaafleiWu,hlutdeildarskrteinum A&"+ ogWrumeinfldumfjrmlagerningum.0WrulagiskalviWskiptavinurinnhafattallt  '", frumkvWiaWviWskiptunum.0YriWjalagiskalviWskiptavinurinnhafaveriWupplUsturumYaW '#- aWfjrmlafyrirtkinus;skyltaWmetahvortfjrmlagerningurinneWaYj;nustans ( viWeigandifyrirhannogaWhannnj;tiYvekkiYeirrarverndarsemYvfelstogfj;rWalagi  skalfjrmlafyrirtkiWsinnaYeimskyldumsemYvhvlasamkvmt8.gr.frumvarpsins  varWandihagsmunarekstra.SkalYessusambandiYvbyggtaWhugtakiWeinfaldir a fjrmlagerningarsskilgreintYannhttsemlUster38.gr.tilskipunar T, framkvmdastj;rnarinnar2006/73/EBMeWsambrilegummrkuWumWrurkierttviW  markaWiutanEvr;pskaefnahagssvWisinssemfylgjasambrilegumreglumogkveWiWer  umfrumvarpitillagaumkauphallirsemlagterframsamhliWafrumvarpiYessu.   Framkvmdastj;rnEvr;pusambandsinsmunbirtalistayfirYmarkaWisemteljast  X sambrilegirYessusambandi.GerterrWfyriraWnnarireglurum&  ԀsambrilegamarkaWi K #  verWisettreglugerW,sbr.reglugerWarheimild26.gr.frumvarpsins.'K ƾ      UmskilsmuninnmillikvWa15.og16.gr.frumvarpsinservsaWtilskilgreiningar2.    gr.frumvarpsinsumfjrfestingarrWgjfogeignastUringu.EinsogframkemurskUringum   teljastrWleggingarekkitilfjrfestingarrWgjafarnemaYrhafitengslviWkveWnafjrmla wO  gerninga.AfYeimskumverWurekkitaliWaWeinfaldarbendingarfjrmlafyrirtkisumt.d. B  Yj;nustuleiWireWastWufjrmlamarkaWaverWilagWaraWjfnuviWfjrfestingarrWgjfeins    ogYaWhugtakerskilgreintfrumvarpiYessu.     05.mgr.erkveWiWumaWfjrmlafyrirtkjums;heimiltaWhvetjaviWskiptamennsna {  tilaWveitaekkiYrupplUsingarsemkrafisteraWaflaWssamkvmtgreininni.MeWkvWi nF Yessuertekinupp2.mgr.37.gr.tilskipunarframkvmdastj;rnarinnar2006/73/EB. 9   & a Um17.gr.    kvWiYettaernUmlislenskumrttienYvertlaWaWinnleiWakvWi20.gr. r MiFIDtilskipunarinnar.0kvWinuer'akveWiWumaWYegarfjrmlafyrirtkifelurWru e= fjrmlafyrirtkiaWannastverWbrfaviWskiptifyrirhndviWskiptavinarskulihinusWar 0 nefndaheimiltaWreiWasigupplUsingarfrYvfyrrnefndaumviWkomandiviWskiptavin.  JafnframterYvheimiltaWreiWasigYrrWleggingarsemviWskiptavininumhafaveriW  veittar.XerkveWiWumaWfjrmlafyrirtkisemfelurWruframkvmdverWbrfaviWskipta i sbyrgtfyrirYvaWslkarupplUsingarogrWleggingarsufullngjandiogrttar. \4   MeWkvWinuerafmarkaWhvernigskyldurskv.15.og16.gr.frumvarpsinsskiptast ' YegarfjrmlafyrirtkifelurWrufjrmlafyrirtkiaWannastverWbrfaviWskiptifyrirhnd  viWskiptavinar.0kvWinufelstY;ekkiskyldafjrmlafyrirtkistilaWveitaupplUsingarum  viWskiptavinisnaYegarYaWleitartilannarrafjrmlafyrirtkjaumframkvmdeinstakra `  viWskipta.0kvWinufelstaWfjrmlafyrirtkinusemframkvmirviWskiptiner;skyltaW S+! aflaupplUsingaumaWstWurviWskiptavinarYegarfyrirtkiWsemhefurmillignguumviW " skiptinhefurYegaraflaWYeirraupplUsinga.XYarffyrirtkiWsemframkvmirverWbrfaviW # skiptinekkiaWgangarskuggaumaWrWleggingarsemYegarhafaveriWveittarsamrmi  $ viW15.og16.gr.suviWeigandifyrirviWskiptavininn.FyrirtkinusemframkvmirverW !W% brfaviWskiptinberhinsvegaraWWruleytiaWfaraeftirkvWumII.kaflafrumvarpsins. J""&   Um18.gr. #(   0greininnierkveWiWumskyldufjrmlafyrirtkjatilaWtryggjabestuframkvmdviW $ ) skiptafyrirmlumfyrirviWskiptavinisna.kvWiWkemurstaW9.gr.ngildandilagaum v%N!* verWbrfaviWskipti,enYarsegiraWviWframkvmdviWskiptafyrirmlaskuli A&"+ fjrmlafyrirtkitryggjabestamgulegaverWfyrirviWskiptavinisnaogbestuframkvmd  '", aWWruleyti,einsogviWhverjusinni.NUjagreininermuntarlegrienngildandikvWi, '#- enkvWinbyggjastY;bWiYeimmeginreglumaWviWskiptafyrirmliviWskiptavinaskuli ( framkvmdmeWbestamgulegahttiogaWumgjrWfjrmlafyrirtkjaskuliendurspegla  Yessameginreglur.MeW18.gr.frumvarpsinserlgWtilinnleiWing21.gr.MiFID  tilskipunarinnar.GerterrWfyriraWnnarverWikveWiWumskyldufjrmlafyrirtkjatil a aWtryggjabestuframkvmdreglugerW,sbr.reglugerWarheimild26.gr.frumvarpsins. T, MunukvWireglugerWarinnarbyggjast44.!46.gr.tilskipunarframkvmdastj;rnarinnar  2006/73/EB,enYareraWfinnannaritfrslukvWum21.gr.MiFIDtilskipunarinnar.    & a 01.mgr.erkveWiWumaWfjrmlafyrirtkiskuliviWframkvmdviWskiptafyrirmla   leitaallraleiWatilaWtryggjabestumguleguniWurstWufyrirviWskiptavini.ViWmatYv  X hv'a aWaniWurstaWaerhagkvmustfyrirviWskiptaviniskalhorfttilverWs,kostnaWar,hraWa, K #  lkindaYvaWafviWskiptunumverWi,umfangs,eWlisogannarraYttasemmliskipta.Hr    erumvsiregluaWrWaenviWmatYvhvortfjrmlafyrirtkihafiuppfylltskyldusna    samkvmtYessarigreinyrWim.a.aWltatilaWstWnaYeimtmaYegarviWskiptafyrirmli   berast,hvaWategundfjrmlagerningafyrirmlintengjastoghvaWakrfurereWlilegtaWgera wO  tilfjrmlafyrirtkjaviWframkvmdviWskiptafyrirmlanna.EinnigYyrftiaWhorfatilYess B  verWssemfkkstviWskiptunumogYessviWskiptakostnaWarsemafhlaust,bWiY;knanaog    uppgjrskostnaWar.GerterrWfyriraWumverWiaWrWaheildstttmatsemfelstsaman   burWiframkvmdfyrirmlaviWskiptavinarannarsvegarogmarkaWsaWstWumhinsvegar. {  GerterrWfyriraWnnarverWikveWiWumskylduYessareglugerW,en44.gr.tilskipunar nF framkvmdastj;rnarinnar2006/73/EBertiltekiWaWfjrmlafyrirtkiskuliviWframkvmd 9 viWskiptafyrirmlatakatillittilhvortumalmennafjrfestaeWafagfjrfestaeraWrWa,eWlis  viWskiptafyrirmla,tegundYeirrafjrmlagerningasemviWskiptintakatilogeWlisYeirra  viWskiptavettvangaYarsemhgteraWframkvmaviWskiptin. r   02.mlsl.1.mgr.erkveWiWumaWmliviWskiptavinurfyrirumkveWnaframkvmd e= skulifylgjafyrirmlumhans.XrttfyrirskUrfyrirmliviWskiptavinarundanYiggurYaWfjr 0 mlafyrirtkiekkifrYvaWuppfyllaaWrarkrfurlagannaumframkvmdogumgjrW  viWskipta,t.d.reglurerkveWaumg;WaviWskiptavenju.    02.mgr.erkveWiWumaWfjrmlafyrirtkiskuligeranauWsynlegarrWstafanirtilYess i aWfullngjaskyldumskv.1.mgr.,m.a.meWYvaWsetjasrverklagsreglurumframkvmd \4 viWskiptafyrirmla.TiltekurgreininkveWnarlgmarkskrfurumefnireglnannaenYeim ' skala.m.k.komaframhvaWamrkuWumfyrirtkiWframkvmirfyrirmliviWskiptavina,  aWYvervarWareinstakartegundirfjrmlagerninga,ogYYttisemhafahrifvalmrk  uWum.EinnigskulureglurnargreinafrframkvmdfyrirmlaYeimmrkuWumYarsem `  aWjafnaWimvntabestumguleguniWurstWufyrirviWskiptavini.Fjrmlafyrirtkiskal S+! veitaviWskiptavinumviWeigandiupplUsingarumefnireglnannaogaflasamYykkisYeirra " fyrirYeimWurenfyrirmlieruframkvmd.MeWmrkuWumgreininnierttviWskipulega # verWbrfamarkaWi,markaWstorgfjrmlagerninga(MTF),innmiWlaraogviWskiptavakainnan  $ EESsvWisinsogsambrilegaaWilautanEESsvWisins.Samkvmt46.gr.reglugerWar !W% framkvmdastj;rnarinnarnr.2006/73/EBskalkynningverklagsreglunumfyrirviWskipta J""& mnnumfaraframtmanlegaWurenYj;nustanerveitt.EWlilegteraWupplUsingartilviW #' skiptamannafjalliumhvernigfjrmlafyritkiWhefurskipulagtstarfsemisnatilaWuppfylla #( krfurumbestuframkvmdaukupplUsingaumYrlgmarkskrfursemgetiWerhraW $ ) framan.EkkiertilYesstlastaWsamYykkissaflaWfyrirreglunumhverjumeinstkumviW v%N!* skiptumheldurgeturviWskiptavinursamYykktaWreglurnareigialmenntviW,t.d.upphafi A&"+  viWskiptasambands.  '",   03.mgr.&   ertiltekiWaWgeriverklagsreglurskv.2.mgr.rWfyriraWfyrirmliverWifram ( kvmdutan'(?ԀskipulegraverWbrfamarkaWaeWamarkaWstorgafjrmlagerninga(MTF)skuli  viWskiptavinirupplUstirumYaWsrstaklegaogsamYykkisYeirraaflaWWurenfyrirmlineru  framkvmd.SamYykkisverWurhvortheldursemeraflaWalmennanhtteWameWtillititil a einstakraviWskipta.SamkvmtalmennumreglumberfjrmlafyrirtkisnnunarbyrWifyrir T, YvaWsamYykkihafiveriWveitt.    04.mgr.erkveWiWumaWverklagviWframkvmdviWskiptafyrirmlaogverklagsreglur  skv.2.mgr.skulistareglulegriendurskoWunhjfjrmlafyrirtkjum.ErYettagerttilaW   tryggjaaWverklagfjrmlafyrirtkjahverjumtmaendurspeglibestumgulegufram  X kvmd.GerterrWfyriraWnnarverWikveWiWumskylduYessareglugerW,sbr.reglu K #  gerWarheimild26.gr.frumvarpsins,en46.gr.tilskipunarframkvmdastj;rnarinnar2006/    73/EBertiltekiWaWendurskoWunverklagsogverklagsreglnaskulifaraframrlegaogYegar    verulegarbreytingarverWasemhrifhafamguleikafjrmlafyrirtkjatilaWviWhafabestu   framkvmd.AllarefnislegarbreytingarframkvmdogreglumskulutilkynntarviWskipta wO  mnnum. B  &    05.mgr.erlagttilaWfjrmlafyrirtkiskuligetasUntframaWframkvmdviWskipta    fyrirmlahafiveriWbeitt' samrmiviWverklagsreglurumbestuframkvmd.Samkvmt   kvWinuerekkigerWkrafaumaWfjrmlafyrirtkigetisUntframaWYeimtmaYegar {  viWskiptinttusrstaWhafiekkiveriWmguleikiaWaflabetriviWskiptakjara. nF   & a Um19.gr.    019.gr.frumvarpsinskomaframreglurumframkvmdfjrmlafyrirtkjafyrirmlum  viWskiptavinaogerkvWinutlaWaWtryggja'a aWframkvmdfyrirmlaverWisamrmiviW r bestuframkvmd.ReglurYrsemframkoma19.gr.erunUmlienmeWkvWumgreinar e= innarerlagttilaWkvWi22.gr.MiFIDtilskipunarinnarverWiinnleiddslenskanrtt. 0 NnarerkveWiWumskyldurYrsemhvlafjrmlafyrirtkjumviWframkvmd  fyrirmlaviWskiptavina47.!49.gr.tilskipunarframkvmdastj;rnarinnar2006/73/EB.    Samkvmt1.mgr.skulufjrmlafyrirtkikveWamlsmeWferWoggerarWstafanirYar i semkveWiWerumskj;taogsanngjarnaframfylgdfyrirmlaviWskiptavinamiWaWviWfyrir \4 mliannarraviWskiptavinaeWaviWskiptareiWanleikafjrmlafyrirtkisins.Samkvmt ' kvWinuskalfyrirmlumviWskiptavina,semerusambrilegaWWruleyti,framfylgtsam  rmiviWYaWhvenrYauvorum;ttekinaffjrmlafyrirtkinu.    EffyrirtkifrskilyrtapntunumhlutabrfsemskrWeruskipulegumverWbrfamark `  aWiogpntuninerekkiafgreiddstrax,verWurfyrirtkiWskv.2.mgr.19.gr.frumvarpsins S+! aWbirtapntuninaYannigaWhnsaWgengilegWrummarkaWsaWilumtilaWgreiWafyrirYv " aWhnverWiafgreiddeinsflj;ttogunnter.X;gildirYettaekkiefviWskiptavinurinnhefur # gefiWsrstkfyrirmliumhiWgagnstWa.Fjrmlafyrirtkitelsthafafullngtskyldusinni  $ umaWbirtapntunefhnhefurveriWframsendtilskipulegsverWbrfamarkaWareWa !W% markaWstorgsfjrmlagerninga(MTF),ensamkvmt30.gr.tilskipunar2006/73/EBtelst J""& verWbrfafyrirtkialltafhafafullngtskuldbindingusinniskv.2.mgr.22.gr.MiFID #' tilskipuninnieffyrirtkiWhefurframsentpntun,annaWhvorttilskipulegsmarkaWarsem #( byggisttilboWumeWamarkaWstorgs,eWabirtpntuninaYannhttaWauWveltsaWafgreiWa $ ) hanaeinsflj;ttogmarkaWaWstWurleyfa.kvWi2.mgr.19.gr.frumvarpsinsmiWabWi v%N!* aWYvaWaukamguleikaviWskiptavinaraWfpntunafgreiddaogfullngjaeftirspurnfr A&"+ WrummarkaWsaWilumeftiraWgangiaWupplUsingumumskilyrtarpantanir.XarafleiWandi  '", beraWltakvWiWa.m.k.aWhlutatilsemregluumgagnsi. '#-   grundvellifrumvarpsins,srstaklega18.og19.gr.,verWafjrmlafyrirtkiaWhafa ( verklagogkerfisemgeraYeimkleiftaWafgreiWapantanirfrviWskiptavinummeWskj;tum,  sanngjrnumoggreiWumhttisamanboriWviWpantanirannarraviWskiptavinaeWaviWskipta  hagsmunifyrirtkisinssjlfs.XettaverklagogkerfiskulueinnigtryggjaaWsambrilegar a pantanirsuafgreiddarYeirrirWsemYrbrustfjrmlafyrirtkinu.0framkvmdar T, kvWumYeimsemframkvmdastj;rnEvr;pusambandsinshefursetttilskipun2006/73/EB  kemurframaWafgreiWaberpantanirfrviWskiptavinumntafarogYeirrirWsemYr  berast,nemaaWstWursuYvtilfyrirstWueWaefYaWerhagstWarafyrirviWskiptavininn   aWafgreiWapntuninaWruvsi.XaWaWafgreiWapantaniraWjafnaWiYeirrirWsemYr  X berastertilYesstlaWaWkomavegfyriraWfjrmlafyrirtkihafiannaWhvortstraxeWa K #  sWarfriaWveitaaWgeWY;ttaeinumviWskiptavinihagstWarikjrkostnaWannars.    KrafanumaWpantanirskuliafgreiddarYeirrirWsemYrberastY;aWeinsviWefYreru    sambrilegarogefYaWerviWskiptavininumhag.:mgulegteraWafgreiWapantanir   algjrlegatmarWYegarskilyrWiYeirraeru;lk,t.d.efYreruskilyrtar.XgeturstrW wO  pantanagreintmilliYeirra,einkumYegarumeraWrWast;r/umfangsmikilviWskipti.XaW B  samageturttviWYegarpantanirberastsamafjrmlafyrirtkimeW;lkum;ti,t.d.gegnum    bankatib,miWlaraeWanetiW,eftirYvhvernigviWskiptahttirogkerfifyrirtkisinseru   uppbyggW. {    0lokamlsliW2.mgr.erkveWiWumaWFjrmlaeftirlitiWgetiveittundanYgufrskyldu nF fjrmlafyrirtkistilaWbirtafyrirmliefhner;venjulegaumfangsmikil.SlkundanYga 9 skalsettframsamahttogundanYgafyrirskipulegamarkaWi.    & , Um20.gr. r   MeWkvWum20.gr.frumvarpsins,semfjallarumeinkaumboWsmenn,erlagttilaW e= kvWi23.gr.MiFIDtilskipunarinnarverWiinnleiddslensklg.kvWiWernUmli 0 slenskumrtti.',Ԁ    01.mgr.erlagttilaWfjrmlafyrirtkjumverWiheimilaWaWtilnefnaeinkaumboWsmenn.  SlkirumboWsmenngetaUmistveriWeinstaklingareWalgaWilar.GerWerkrafaumaWgerWur i sskriflegursamningurmillifjrmlafyrirtkjaogeinkaumboWsmanna.XerkvWinuaf \4 markaWhvaWastarfsemishgtaWfelaeinkaumboWsmanni,enYaWernnartiltekiWaWkynna ' Yj;nustuviWkomandifjrmlafyrirtkis,takaviWfyrirmlumviWskiptavinaogmiWlaYeim,  hafamillignguummarkaWssetningutgfufjrmlagerningaogaWveitarWgjfumslka  fjrmlagerningaogYj;nustufyrirtkisins.TillagagreinarinnarumaWheimilaeinkaumboWs `  mennhrlandibyggistYvaWviWskiptalegYrffyrirYkunniaWmyndastogekkis S+! stWatilaWtakmarkaslktsvigrmsvoframarlegasemryggiviWskiptavinastryggtaW " fullu. #   02.mgr.erkveWiWumaWeinkaumboWsmenngetiaWeinsstarfaWfyrireittfjrmla  $ fyrirtki.MeWkvWiYessuerkomiWvegfyrir;vissuumYaWhvarbyrgWvegnahttsemi !W% einkaumboWsmannakunniaWliggjaeinstkumtilfellum.TilaWstarfafyrirfleirieneittfjr J""& mlafyrirtkierYvgerWkrafaumstarfsleyfisamkvmtlgumumfjrmlafyrirtkiogfalla #' YeiraWilarsemslktleyfihafaekkiundirkvWigreinarYessarar.XerkveWiWumaWfjr #( mlafyrirtkisemveitirYj;nustufyrirmilligngueinkaumboWsmannsberifullaog;tak $ ) markaWabyrgWaWgerWumogvanrksluhansYegarhannstarfarYessvegum.Tilgangur v%N!* innmeWkvWiYessueraWsetjaeinkaumboWsmannsmustWuogstarfsmann A&"+ fyrirtkisinsYegarkemuraWbyrgWYessaWgerWumogvanrksluhans.SamkvmtYessu  '", staWaviWskiptavinaekkiaWveralakariYegarviWskiptieigasrstaWfyrirmilligngueinka '#- umboWsmannsenYegarYaueigasrstaWfyrirmilligngustarfsmannsfyrirtkisins.Byggist ( tillaganYvaWerfittkunniaWreynastfyrirviWskiptamennaWgreinamilli  einkaumboWsmannaogstarfsmannafyrirtkisinsogYhverjumunurinnmillistarfsmanna  fyrirtkisogeinkaumboWsmannagetifalist.XannigberfjrmlafyrirtkibyrgWYegar a einkaumboWsmaWurfertfyrirumboWsittogerYvummunrkaribyrgWaWrWaen T, samkvmtalmennumreglumsamningarttar.AfYessuleiWirY;ekkiaWeinkaumboWsmenn  sulausirundanbyrgWgerWumsnumeWavanrkslu.ViWskiptavinirgetabeintkrfum  snumaWeinkaumboWsmanniaukYesssemfjrmlafyrirtkikannaWeigaendurkrfurtt   hendureinkaumboWsmanni.TillaganbyggistjafnframtYvaWeinkaumboWsmennltaekki  X smukrfumogfjrmlafyrirtkiYegarkemuraWuppbyggingureksturs,svosem K #  byrgWartryggingu,eiginf,stj;rnunoghttustUringu,enhafaYrttfyrirYaWheimildtil    aWveitaleyfisskyldastarfsemiumboWifjrmlafyrirtkis.XeimberYrttfyrirYaWaWfylgja    YeimreglumsemfjrmlafyrirtkjumberaWfaraeftirsamskiptumsnumviWviWskiptavini,   svosemkvWumumfjrfestavernd. wO    XerkvWinumltfyrirumaWeinkaumboWsmannisskyltaWgeraviWskiptavinum B  greinfyrirumboWihvershannstarfar.SlkarupplUsingareruauglj;slegamikilvgarfyrir    viWskiptavinientakmarkaY;ekkibyrgWviWkomandifjrmlafyrirtkis.XerkveWiWum   aWeinkaumboWsmannis;heimiltaWtakaviWfjrmunumfrviWskiptavinum.Byggirtillaga {  Yessivarfrnisj;narmiWumeneinkaumboWsmennhafaekkiyfiraWrWajafntraustuminn nF viWumogfjrmlafyrirtki.XykirYvrttaWfjrmunirviWskiptamannafariekkiumhendur 9 Yeirra.    03.mgr.erkveWiWumaWfjrmlafyrirtkiskulihafaeftirlitmeWstarfsemieinkaum  boWsmannatilYessaWtryggjaaWYeirfariaWlgumviWframkvmdstarfasinna.SkuluYau r stuWlaaWheilbrigWumogeWlilegumviWskiptahttumYeirra.EinkaumboWsmaWurskalhafa e= staWistpr;fverWbrfaviWskiptum,sbr.kvWi53.gr.lagaumfjrmlafyrirtki.03.mgr. 0 felstm.a.aWfjrmlafyrirtkisemtilnefnireinkaumboWsmannberaWsjtilYessaWhannbi  yfirngjanlegumhfileikumtilaWframkvmastarfsitt.BerYvjafnframtaWhafareglulegt  eftirlitmeWYvaWeinkaumboWsmaWuruppfylliallarYrkrfursemtilhanserugerWar. i   04.mgr.erkveWiWumaWeinkaumboWsmannisYvaWeinsheimiltaWstarfaYgufjr \4 mlafyrirtkisaWFjrmlaeftirlitiWhafistaWfesthfihanstilaWhafaslkanstarfameWhnd ' um.Fjrmlafyrirtki,semhyggstfelaeinkaumboWsmanniaWstarfasnaYgu,skalbeina  ;skumslkastaWfestingutilFjrmlaeftirlitsins.AWlokumerkveWiWumaWFjrmlaeftir  litiWsetjinnarireglurumhvaWaskilyrWumeinkaumboWsmennskulifullngja.XykirrttaW `  mlafyrirumYregluaWhfieinkaumboWsmannaskulistaWfestafFjrmlaeftirlitinuog S+! aWlagtverWimatYaWhvortYeirhafitilaWberangjanlegaalmennaYekkinguogsrfrWi " YekkinguYeimstrfumsemYeimertlaWaWsinnaWurenYeirhefjastrf,endagerir # kvWiWrWfyrirYvaWeinkaumboWsmennsunokkuWsjlfstWirstrfumsnumY;aW  $ YeirstarfibyrgWfjrmlafyrirtkisYesssemYeirhafagertsamningviW. !W%   AWlokumer5.mgr.lagttilaWFjrmlaeftirlitiWhaldiskryfireinkaumboWsmennog J""& aWhnskulibirtopinberlega.0YessusambandiermikilvgtaWauWveltsaWstaWreynaaW #' Yeirsembj;WaframYj;nustufyrirfjrmlafyrirtkihafitilYessheimildsamkvmtkvWi #( Yessu. $ )   Um21.gr. A&"+ #  01.mgr.ergerWkrafaumaWfjrmlafyrirtkiflokkiviWskiptavinisnaYrjflokka.0  '", fyrstalagigetaviWskiptavinirveriWflokkaWirsemviWurkenndirgagnaWilar,Wrulagigeta '#- YeirtalistfagfjrfestarogYriWjalagialmennirfjrfestar.XerkveWiWumaWfjrmlafyrir ( tkiskulisetjasrverklagsreglurumflokkunviWskiptavina.kvWiYettabyggist2.tlul.  II.hlutaII.viWaukaMiFIDtilskipunarinnarognrbWitilnUrraviWskiptavinaogYeirrasem  YegareruviWskiptumviWfjrmlafyrirtkiW.FjrmlafyrirtkjumerY;heimiltaWhalda a framaWflokkaaWilasemfagfjrfestasemhafaslkastWuviWgildistkulagannasvo T, framarlegasemslkstaWabyggistfaglegumatihfniviWkomandiaWilasbr.kvWitil  brWabirgWaI.    02.mlsl.1.mgr.erkveWiWumaWfjrmlafyrirtkiskuligeraviWskiptavinumsnum   greinfyrirtilhvaWaflokksYeirteljast,upplUsaYumrttYeirratilaW;skaeftiraWfalla  X annanflokkogafleiWingarYess.kvWiYettaerinnleiWing1.og2.mgr.28.gr.tilskipunar K #  framkvmdastj;rnarinnar2006/73/EB.EruYaWauglj;slegamiklirhagsmunirfyrirviWskipta    viniaWvitahvaWaflokkYeir&  fallaWurenviWskiptifaraframendagilda;lkarreglurum    fjrfestaverndfyrirhvernflokk.' [*     kvWi2.mgr.eigaaWeinsviWumfagfjrfesta.ViWskiptavinirfjrmlafyrirtkjaverWa wO  hverjumtmaaWuppfyllalagaskilyrWitilaWfaramegimeWYsemfagfjrfesta,hvortsem B  ergrundvelliskilgreiningar9.tlul.2.gr.frumvarpsYessaeWabeiWnisemsamYykkthefur    veriWgrundvelli24.gr.frumvarpsins.FarifjrmlafyrirtkimeWviWskiptavinsemfagfjr   festiogtilkynnihonumumYaWberviWskiptavinurinnbyrgWYvaWtilkynnafjrmlafyrir {  tkinuumbreytingarsemhaftgetahrifflokkunhanssemfagfjrfestis.Xegarfjrmla nF fyrirtkifrslkatilkynninguskalYaWgrpatilviWeigandirWstafana,t.d.farameWviW 9 skiptavinsemalmennanfjrfestifrYeimtmaefhannuppfyllirekkilengurskilyrWitilaW  teljastfagfjrfestir.FramtilYesstmaYegarfagfjrfestirsendirfjrmlafyrirtkinutilkynn  inguerfyrirtkinuheimiltaWfarameWviWskiptavinsemfagfjrfesti,nemafyrirtkinus r afWrumskumkunnugtumaWviWskiptavinuruppfylliekkilengurskilyrWitilYess.ViWYr e= aWstWurberfjrmlafyrirtkinuaWgrpatilviWeigandirWstafanaY;tttilkynningfrfag 0 fjrfestihafiekkiborist.    Um22.gr. i ;1  kvWiW,semfjallarumviWskiptifjrmlafyrirtkjaviWviWurkenndagagnaWila,er \4 nUmlislenskumrtti.XvertlaWaWinnleiWainnlendanrttkvWi24.gr.MiFIDtil ' skipunarinnaroghlutaafkvWi50.gr.tilskipunarframkvmdastj;rnarinnar2006/73/EB.  HugtakiWviWurkenndurgagnaWilierskilgreint2.gr.frumvarpsinssemaWilisemfellurundir  a,bogcliWskilgreiningarfagfjrfesta.ViWurkenndirgagnaWilareruYvnnartiltekiW `  aWilarsemstarfasamkvmtleyfieWalgbundinnistarfsemifjrmagnsmarkaWi,st;rfyrir S+! tki,rkisstj;rnir,sveitarstj;rnirogalYj;Wastofnanir.ByggistkvWiWYvaWviWurkenndir " gagnaWilarsust;rirfjrfestarogjafnansrfr;WirumverWbrfaviWskiptiogYvsekkiYrf # aWveitaYeimsmurttarverndogWrumfjrfestumviWverWbrfaviWskipti.0samrmiviW  $ YaWhefurkvWiWaWgeymaundanYgufrkvWum9.,14.,15.,16.og18.gr.og1.mgr. !W% 19.gr.frumvarpsinsYannigaWYeimfjrmlafyrirtkjumsemfallaundir1.mgr.erheimilt J""& aWeigaverWbrfaviWskiptumviWviWurkenndagagnaWilanYessaWfullngjaYeimskilyrW #' umsemmlterfyrirumnefndumkvWum.XaWskilyrWierY;settfyrirbeitinguundan #( YgunnaraWfjrmlafyrirtkihafiWuraflaWsamYykkisfrviWurkenndumgagnaWilaYess $ ) efnisaWhannskuliteljastviWurkenndurgagnaWili.ErskilyrWinutlaWaWtryggjaaWviWur v%N!* kenndumgagnaWilaskunnugtumrttarstWusnagagnvartfjrmlafyrirtkinuogaWlg A&"+ um.SamYykkiWgeturhvortsemerveriWalmenntoggiltumllframtWarviWskiptieWa  '", srstaktoggiltumeinstkviWskipti.LokserrttaWrttaaWskv.3.mgr.geturfjrmlafyrir '#- tkiekkibyggtheimild1.mgr.tilundanYgufrYvaWfullngjaskilyrWumYeirrakvWa ( semYarerutalinuppefviWurkenndurgagnaWilihefursrstaklegakrafistYessaWfallaundir  kvWinsemtilgreinderu1.mgr.    MunurinnviWurkenndumgagnaWilaogfagfjrfestifelstYvYvaWviWskiptumviW a viWurkenndangagnaWilaYarffjrmlafyrirtkiekkiaWuppfyllaYauskilyrWisemkveWiWer T, um9.,14.,15.,16.og18.gr.og1.mgr.19.gr.frumvarpsins,enYegarumfagfjrfestier  aWrWaYarfYaWaWfaraeftirmeginreglumYessarakvWa.GerterrWfyrirYvaWviW  nnaritfrslukvWumfrumvarpsinsreglugerWverWigerWurmeirimunuralmennum   fjrfestumogfagfjrfestumYannigaWfagfjrfestumverWiveittminniverndenalmennum  X fjrfestum. K #    Um23.gr.     ?  0greininnikomaframreglurumsamskiptifagfjrfestaogfjrmlafyrirtkja.HugtakiW   fagfjrfestirerskilgreint2.gr.frumvarpsinsoggertrWfyriraWYeiraWilarsemteljastfag wO  fjrfestarsuviWskiptavinirfjrmlafyrirtkjasembayfirreynslu,YekkinguogsrfrWi B  kunnttutilaWtakasjlfirkvarWanirumfjrfestingarogmetahttunasemYeimfylgir.Af    YeimskumeralmenntekkitalinYrfaWveitafagfjrfestumjafnrkarttarverndog   almennumfjrfestumviWverWbrfaviWskipti.UmnnariskUringarhugtakinufagfjrfestir {  vsasttilskUringaviW9.tlul.2.gr. nF   kvWi23.gr.hefuraWgeymaundantekningufrYvaWveitaskuliYeimsemteljastfag 9 fjrfestarminniverndenalmennumfjrfestum.SamkvmtYverfagfjrfestumheimiltaW  ;skaeftirYvviWfjrmlafyrirtkiaWhafastWualmennrafjrfestaognj;taYarmeWauk  innarrttarverndarviWverWbrfaviWskipti.EkkiskiptirmliafhvaWaskumfagfjrfestir r ;skareftirslkristWu.Geturfagfjrfestirhvenrsemer;skaWeftirYvaWhafastWual e= mennsfjrfestis,Y.e.a.s.hvortsemerviWstofnunviWskiptasambandsviWfjrmlafyrirtkiW 0 eWasWar.    WurenfjrmlafyrirtkiveitirfagfjrfestiYj;nustuskalYaWupplUsaviWkomandiumaW  hannteljistfagfjrfestirogaWhanngeti;skaWeftirYvaWekkiveriWfariWmeWhannsem i slkan.ErYessariupplUsingaskyldufjrmlafyrirtkisinstlaWaWtryggjaaWfagfjrfestis \4 kunnugtumrttarstWusnagagnvartfjrmlafyrirtkinuogaWlgum.FramtilYesstma ' YegarfjrmlafyrirtkiupplUsirviWskiptavinumaWmeWhannsfariWsemfagfjrfestiber  fyrirtkinuaWfarameWhannsemalmennanfjrfesti.RtteraWrttaaWfjrmlafyrirtki  ereinungisskyltaWupplUsafagfjrfestiumrttsinnskv.23.gr.frumvarpsinsumleiWog `  hannerupplUsturumaWhannteljistfagfjrfestir.MeWWrumorWumerfjrmlafyrirtkinu S+! ekkiskyltaWvekjaathyglifagfjrfestisrttihanssamkvmtkvWinuhvertsinnsem " honumerveittYj;nustauppfrYv. #   Fagfjrfestirgetur;skaWeftirYvaWnj;tastWualmennsfjrfestisalmennt,Y.e.a.s.viW  $ llverWbrfaviWskipti,eWaviWtiltekinviWskipti,Yj;nustu,fjrmlagerningeWaafurW.Mikil !W% vgteraWYaWliggilj;stfyrirhversuvWtkbeiWnifagfjrfestisumstWuhanssemalmenns J""& fjrfestiser.AfYeimskumerYaWgertaWskilyrWiaWgertsskriflegtsamkomulagmilli #' fagfjrfestisogfjrmlafyrirtkisumaWekkiskuliWfariWmeWviWkomandisemfagfjrfesti. #( 0samkomulaginuskaltilgreinthvortYettagildiralmennteWameWtillititiltiltekinnaviW $ ) skipta,Yj;nustu,fjrmlagerningseWaafurWa. v%N!*   A&"+   Um& a  24.gr. ( M  SamkvmtkvWinugetaviWskiptavinirfjrmlafyrirtkjasemekkifallaundirskilgrein  ingunafagfjrfestuma!dliWum9.tlul.'a(N2.gr.frumvarpsins;skaWeftirYvaWfariWs  meWYsemfagfjrfesta.ByggistkvWiWviWaukaIIviWMiFIDtilskipunina. a   EinsograkiWerskUringumviW9.tlul.2.gr.og21.gr.frumvarpsinsergertrWfyrir T, YvskilgreiningunnifagfjrfestumaWtilYeirrateljistYeirviWskiptavinir  fjrmlafyrirtkjasembayfirngrireynslu,YekkinguogsrfrWikunnttutilaWtaka  sjlfirkvarWanirumfjrfestingarogmetahttunasemYeimfylgir.AfYeimskumer   almenntekkitalinYrfaWveitafagfjrfestumjafnrkarttarverndogalmennumfjrfestum  X viWverWbrfaviWskipti. K #    Effallister;skviWskiptavinarskv.24.gr.frumvarpsinsleiWirYaWtilYessaWfariWer    meWhannsemfagfjrfestiUmistalmennteWavegnaeinstakraviWskiptaeWakveWinnarteg    undarviWskipta.XannighefurviWkomandiviWskiptavinurafsalaWsrYeirrirttarverndsem   hannnytiaWWrumkostisemalmennurfjrfestir.AfYessumskumermikilvgtaWaWeins wO  YeirviWskiptavinir,sembayfirngilegrireynslu,YekkinguogsrfrWikunnttutilaWgeta B  sjlfirtekiWkvarWanirumfjrfestingarogmetiWhttunasemYeimfylgir,getiafsalaWsr    Yessarirttarvernd.0YvskyniberfjrmlafyrirtkiskyldatilaWleggjafullngjandimat   srfrWikunnttu,reynsluogYekkinguviWskiptavinarins.GefiniWurstaWaslksmatsngilega {  vissufyrirYvaWviWskiptavinurgetisjlfurtekiWkvarWanirumfjrfestingarogskiliWhtt nF unasemYeimfelsterfjrmlafyrirtkinuheimiltaWfallastbeiWnina.AWWrumkostiber 9 fyrirtkinuaWhafnahenni.:frvkjanlegteraWviWskiptavinuruppfyllia.m.k.tvafYeim  YremurskilyrWumsemtalineruupp1.mgr.,enYauerufyrstalagiaWhannhafitt  umtalsverWviWskiptiverWbrfamrkuWumnstliWnafj;rarsfj;rWunga,aWmeWaltalia.m.k. r tusinnumhverjumrsfj;rWungi.0WrulagiaWverWgildiverWbrfaeignarhansnemimeira e= en46,2millj;numkr.,enfjrhWYessitekurbreytingumsemmiWastviWgengievruogsam 0 svarar500.000evrum.0YriWjalagiaWhanngegni&  eWahafigegntaWminnstakostieittr  stWufjrmlamarkaWisemkrefstsrYekkingarfjrfestingumverWbrfum.'TZ    ViWskiptavinursem;skarYessaWteljastfagfjrfestirskv.24.gr.frumvarpsins,skalsenda i skriflegabeiWniYessefnistilfjrmlafyrirtkisinsogtilgreinahvorthann;skareftiraW \4 teljastfagfjrfestiralmennteWavegnaeinstakraviWskiptaeWategundarviWskipta.Teljifyrir ' tkiWaWviWskiptavinurinnuppfylliskilyrWi1.mgr.skalYaWsendahonumskUraskriflega  viWvrunumYrttarverndogYannb;tarttsemhannkannaWverWaaf.ViWskiptavinurskal  svosrstkuskjali,semekkierhlutiafsamningiviWfjrmlafyrirtkiW,lUsaYvyfiraW `  honumskunnugtumafleiWingarYessaWmissaslkarttarvernd.FramangreindkvWieru S+! settYvskyniaWviWskiptavinurgerisrskUragreinfyrirYvhvaWaafleiWingarbeiWnihans " kannaWhafarttarstWuhansgagnvartfjrmlafyrirtkinuogaWlgum. #   Um25.gr. !W% _  0greininnierureglurumopinberafjrfestingarrWgjfogbirtingutlfrWiupplUsinga. J""& kvWiWer;breyttfr16.gr.ngildandilagaumverWbrfaviWskipti.XaWkomfyrstlg #' meWlgumnr.31/2005,umbreytingulgumumverWbrfaviWskipti,ogbyggistkvWum #( tilskipunar2003/125/EBumopinberafjrfestingarrWgjf.HugtakiWopinberfjrfestingar $ ) rWgjferskilgreint2.gr.frumvarpsins.kvWiW,;lktWrumkvWumII.kafla,nrekki v%N!* eingngutilfjrmlafyrirtkjaoggreiningardeildaYeirraheldurallraYeirrasemsetjafram A&"+ eWabirtaopinberafjrfestingarrWgjf.kvWiWerY;taliWeigaheimakaflanumYarsem  '", taliWeraWlangflestumtilvikummunireynakvWinYegarfjrmlafyrirtkisemhafa '#- heimildtilverWbrfaviWskiptaveitaopinberafjrfestingarrWgjfeWabirtatlfrWiupplUs ( ingar.RtterY;aWtakaframaWaWriraWilargetafalliWundirreglurnar,svosemfjlmiWlar,  subeinareWa;beinarrWleggingarf;lgnarumfjllunYeirra.    Um26.gr. T, Se  026.gr.erlagttilaWkveWiWverWiumskyldurWherraogFjrmlaeftirlitsinstilaWsetja  nnarireglurreglugerWgrundvelliII.kafla.    EinsogframkemuralmennumathugasemdumbyggjastYrbreytingarsemlagWareru   tilfrumvarpiYessulggjfumverWbrfaviWskipiMiFIDtilskipuninnisemerrammatil  X skipunoggrundvellihennarhefurframkvmdastj;rningefiWttvrgerWir.Annarsvegar K #  erumaWrWatilskipunframkvmdastj;rnarinnar2006/73/EBfr10.gst2006tilfyllingar    tilskipunYingsinsogrWsins2004/39/EBumskipulagskrfurogviWskiptahttifjrfest    ingarfyrirtkjaogskilgreininguhugtakafyrirYtilskipunoghinsvegarreglugerWfram   kvmdastj;rnarinnarnr.1287/2006/EBfr10.gst2006tilfyllingartilskipunYingsins wO  ogrWsins2004/39/EBumskyldurfjrfestingarfyrirtkjatilaWhaldaskrr,tilkynningarum B  viWskipti,gagnsiviWskipta,tkufjrmlagerningatilviWskiptaogskilgreininguhugtaka    fyrirYtilskipun.XessartvrgerWirhafaYUWingufyrirEESsvWiW.0flestumtilvikumer   umaWrWakvWisemmlamjgtarleganhttfyrirumtfrslukvWaMiFIDtilskip {  unarinnar.TilaWunntverWiaWinnleiWaYessargerWirslenskanrtterlagttilaWrWherra nF ogFjrmlaeftirlitiWfiheimildtil&  aWsetjannarireglurumatriWiYausemlagtertilaWlg 9 festverWiII.kaflafrumvarpsins.'9^l    XverlagttilaWkveWiWverWiumaWrWherraskulisetjareglugerWkvWiumnnari  framkvmdkaflans,m.a.umg;WaviWskiptavenju,skipulagfjrmlafyrirtkja,Y.m.t.reglu r vrslu,httustj;rnun,innriendurskoWun,byrgWyfirstj;rnar,meWferWkvrtunumog e= eiginviWskipti,tvistunverkefna,hagsmunarekstra,skriflegasamninga,skrninguogyfir 0 lit,skrninguYj;nustuogvarWveislugagna,varWveislufjrmlagerningaogfjrsemtilheyrir  viWskiptavinum,notkunfjrmlagerningumviWskiptavinaogskUrslurendurskoWenda,safn  skrningu,m.a.umskilyrWiheimildartilaWskrfjrmlagerningasafnreikningskv.1.mgr. i 12.gr.,auWkenningusafnreiknings,YarmeWalupplUsingarumfjldaeigendaaWsafnreikn \4 ingiogumupplUsingagjftilFjrmlaeftirlitsins,svosemumauWkenniviWskiptamannaaW ' bakisafnreikningum,flunupplUsingaogrWleggingarvegnaeignastUringarogfjrfestingar  rWgjafar,flunupplUsingaogmatvegnaannarraverWbrfaviWskipta,bestuframkvmd,  framkvmd&  fyrirmla,flokkunviWskiptavina,viWskiptiviWviWurkenndagagnaWilaogum `  fagfjrfesta.'r S+!   XerlagttilaWFjrmlaeftirlitiWsetjireglurumopinberafjrfestingarrWgjf,YarmeWal " um;hlutdrgaframsetningurWgjafarogbirtingu,tilgreininguYeimsemseturfjrfest # ingarrWgjfina&  frameWagerirhanaopinbera,hagsmunumoghagsmunarekstrum,ogskil  $ greininguhugtaksinsgreining.' Zt !W%   UmIII.kafla. #'  u  0kaflanumerukvWiumupplUsingagjfogtilkynningarsemstuWlaeigaaWgagnsi #( viWskipta.Samkvmt27.gr.takakvWikaflanstilfjrmlafyrirtkjasemhafaheimildtil $ ) verWbrfaviWskipta.Xeru28.gr.kvWiumskylduinnmiWlaratilupplUsingagjafarumtil v%N!* boW.029.gr.erkveWiWumskyldufjrmlafyrirtkjatilupplUsingagjafarumviWskiptiutan A&"+ skipulegraverWbrfamarkaWaeWamarkaWstorgafjrmlagerninga(MTF)og30.gr.eru  '", kvWiumtilkynningarskyldufjrmlafyrirtkjaumviWskiptisemYauframkvmameW '#- fjrmlagerningasemteknirhafaveriWtilviWskiptaskipulegumverWbrfamarkaWi.Loks ( er31.gr.aWfinnareglugerWarheimild.    Um27.gr. a x  027.gr.erfjallaWumgildissviWIII.kaflafrumvarpsins.kvWikaflansgildaumfjr T, mlafyrirtkisemhafaheimildtilverWbrfaviWskipta,enumYaWhvaWafjrmlafyrirtki  hafaheimildtilverWbrfaviWskiptafersamkvmtlgumnr.161/2002,umfjrmlafyrirtki,  YarsemkveWiWerumleyfisskyldastarfsemi,veitingustarfsleyfaogtegundirstarfsleyfa   II.kafla.  X   Um28.gr.    F{  0greininnieraWfinnareglurumskylduYeirrafjrmlafyrirtkjasemteljastinnmiWlarar    tilaWbirtaverWtilboWfyrirYauhlutabrfsemYeireruinnmiWlararfyrir.   &    MeWkvWinu,semernUmli,erlagttilaWteknarverWiuppinnlendanrttreglursem wO  framkoma27.gr.MiFIDtilskipunarinnar,'wz|engreiningildirfyrirYaufjrmlafyritkisem B  teljastverainnmiWlarar(e.systematicinternalisers).kvWi27.gr.MiFIDtilskipunarinnar    inniheldurmargartknilegarreglurogYversleiWfarinaWleggjatilaWmeginreglurum   innmiWlaraverWiinnleiddarlgentarlegrikvWiverWiaWfinnareglugerW,sbr.31.gr. {  frumvarpsins. nF   HugtakiWinnmiWlarierskilgreint2.gr.frumvarpsinssemfjrmlafyrirtkisemskipu 9 lega,reglulegaogkerfisbundiWviWskiptumfyrireiginreikningmeWYvaWframkvma  fyrirmliviWskiptavinautanviWskipulegaverWbrfamarkaWiogmarkaWstorgfjrmla  gerninga(MTF).TilaWteljastinnmiWlariYurfafjrmlafyrirtkiaWuppfyllallYauskilyrWi r semtiltekineruskilgreiningunni,Y.e.aWviWskiptimeWviWkomandihlutabrfsuskipuleg, e= reglulegogkerfisbundin.EruskilyrWiYessinnartfrW21.gr.reglugerWarframkvmda 0 stj;rnarinnarnr.1287/2006/EB.TilaWfallaundirhugtakiWinnmiWlariogYarmeWskyldurnar  semkveWiWerumkvWiYessuYarfaWveraumaWrWakerfisbundininnanhssviWskipti  hjfjrmlafyrirtki,Y.e.einskonarinnanhssmarkaW.EkkiervitaWtilYessaWneittslenskt i fjrmlafyrirtkimunditeljasttilinnmiWlarasamkvmtskilgreiningu2.gr.frumvarpsins. \4 EnguaWsWurernauWsynlegtaWinnleiWakvWitilskipunarinnarslenskanrtt.kvWiW ' tekurtilinnmiWlunarmeWhlutabrfsemskrWeruskipulegumverWbrfamrkuWumen  ekkiviWumaWrafjrmlagerninga,Y.m.t.skuldabrfog;skrWhlutabrf.    MarkmiWkvWisinserm.a.aWaukasamkeppniogjafnasamkeppnisstWumilli;lkra `  viWskiptavettvanga,Y.e.skipulegraverWbrfamarkaWa,markaWstorgafjrmlagerninga(MTF) S+! oginnmiWlara.XannigermarkmiWiWmeWkvWinuaWsmukrfurumbirtinguupplUsinga " umkaup-ogslutilboWhlutabrfagildiumfjrmlafyrirtkiogverWbrfamarkaWiYegarYau # eigaskipulega,reglulegaogkerfisbundiWviWskiptummeWhlutabrfogstundaYannigeWlis  $ lkastarfsemiogverWbrfamarkaWir.MeWaukinniupplUsingagjferkvWinujafnframt !W% tlaWaWstyWjaviWverWmyndunhlutabrfamarkaWienverWmyndungetureinkumskaWast J""& viWYaWaWviWskiptidreifistmargastaWi. #'   01.mgr.ersskyldalgWYaufjrmlafyrirtkisemteljastinnmiWlararaWbirtabind #( andiverWtilboWfyrirYauhlutabrfsemtekinhafaveriWtilviWskiptaskipulegumverWbrfa $ ) markaWiogfjrmlafyrirtkiWerinnmiWlarifyrir,aWYvgefnuaWumrddhlutabrfsutalin v%N!* seljanleg.SuhlutabrfekkiseljanlegberinnmiWlaraaWeinsaWsetjaframtilboWaW;skviW A&"+  skiptavinar.GerterrWfyriraWhugtakiWseljanleikiYessusambandiverWiskilgreintreglu  '", gerW,en22&   .gr.tilskipunarframkvmdastj;rnarinnar1287/2006/EBeraWfinnankvma ( afmrkun'(.YvhvaWabrfteljastseljanleg.    02.mgr.erafmarkaWtilhvaWainnmiWlarakvWitekur.InnmiWlararsemaWeinseigaviW  skiptisemerustrrienstWluWmarkaWsstrWeruundanYegnirskyldumsamkvmt a greininni.GerterrWfyriraWhugtakiWstWluWmarkaWsstrWverWiskilgreintreglugerWen T, 23.gr.tilskipunarframkvmdastj;rnarinnar1287/2006/EBeraWfinnannariafmrkun  YvhvaWfelsthugtakinu.    Um29.gr.  X A  0greininnierkveWiWumskyldufjrmlafyrirtkjatilupplUsingagjafarumviWskiptiutan K #  skipulegraverWbrfamarkaWaeWamarkaWstorgafjrmlagerninga(MTF)meWhlutabrfsem    tekinhafaveriWtilviWskiptaskipulegumverWbrfamarkaWi.MeWkvWinuerlagttilaW    innleiddverWikvWi28.gr.MiFIDtilskipunarinnarumupplUsingagjffjrmlafyrirtkja   eftiraWviWskiptineigasrstaW. wO    grundvelli45.gr.MiFIDtilskipunarinnareigafjrmlafyrirtkiaWuppfyllakrfurum B  gagnsiskipulegummrkuWumeftiraWviWskiptieigasrstaWkvWiumupplUsingagjf    skipulegsverWbrfamarkaWarumviWskipti,sembyggist45.gr.MiFIDtilskipunarinnar,er   1.mgr.29.gr.frumvarpstilkauphallarlaga,semlagterframsamhliWafrumvarpiYessu. {    0YeimtilgangiaWtryggjagagnsjaogskipulegastarfsemimarkaWaogsamrmdarleik nF reglurerlagttilaWsskyldaverWilgWfjrmlafyrirtkisemeigaviWskiptiutan 9 skipulegraverWbrfamarkaWaeWamarkaWstorgafjrmlagerninga(MTF)aWgeraopinberar  upplUsingarumverW,umfangogtmasetninguviWskiptameWhlutabrfsemtekinhafaveriW  tilviWskiptaskipulegumverWbrfamarkaWi.GildirYettahvortsemumeraWrWaviWskipti r fyrireiginreikningeWafyrirhndviWskiptavina.UpplUsingarnarskulubirtarsanngjrnum e= viWskiptakjrumogeinsnlgtrauntmaogmgulegter.XskuluupplUsingarnarbirtarmeW 0 YeimhttiaWYrsuaWgengilegarWrummarkaWsaWilum.    0reglugerWverWurkveWiWnnarumupplUsingagjffjrmlafyrirtkjasamkvmt  Yessarigrein,sbr.IV.kaflareglugerWarframkvmdastj;rnarinnarnr.1287/2006/EB.VerWur i Yarm.a.kveWiWumskilyrWifyrirtfumbirtinguupplUsingagrundvellitegundareWa \4 strWarviWskipta.SkalupplUsingagjfsamkvmtYessarigreinsamsvaraupplUsingagjf ' kauphallaumviWskiptisemYarfarafram.    & a Um30.gr. `    030.gr.frumvarpsinserfjallaWumtilkynningarskyldufjrmlafyrirtkjaumviWskipti S+! semYauframkvmameWfjrmlagerninga'a™semteknirhafaveriWtilviWskiptaskipulegum " verWbrfamarkaWi.GreininerbyggW3.!5.tluliW25.gr.MiFIDtilskipunarinnar.Xrttfyrir # aWsambrilegtilkynningarskyldaumviWskiptitilFjrmlaeftirlitsinshvliekkifjrmla  $ fyrirtkjumaWgildandirttierY;23.gr.ngildandilagaumstarfsemikauphallaogskipu !W% legratilboWsmarkaWaaWfinnakvWiumskyldukauphallaraWilatilaWsendaupplUsingartil J""& kauphallarumviWskiptimeWskrWverWbrfsemfaraframutanhennar.kvWiWvarfyrst #' settlgmeWlgumnr.11/1993,umVerWbrfaYing0slands,envarWurreglumumVerW #( brfaYing0slands.0frumvarpitillagaumkauphallirsemlagterframsamhliWafrumvarpi $ ) YessuerlagttilaWkvWiWverWifelltniWurrkauphallarlgum. v%N!*   TilgangurkvWisinseraWgeraFjrmlaeftirlitinukleiftaWgegnaYvhlutverkisnuaW A&"+ hafaeftirlitmeWYvaWfjrmlafyrirtkistarfisamrmiviWeWlilegaogheilbrigWaviW  '", skiptahttiogvenjurverWbrfaviWskiptum,meWtrverWugleikafjrmlamarkaWarinsog '#- hagsmuniviWskiptavinaaWleiWarlj;si,aukYessaWkomavegfyrirmarkaWsmisnotkunog ( innherjasvik,sbr.1.mgr.25.gr.MiFIDtilskipunarinnar.XannigerkvWinutlaWaW  tryggjaaWFjrmlaeftirlitiWhafingarupplUsingarumYauviWskiptisemYvertlaWaW  hafaeftirlitmeW,sbr.4.liWinngangiaWreglugerWframkvmdastj;rnarinnar1287/2006/EB. a   01.mgr.segiraWfjrmlafyrirtkiskulisendaFjrmlaeftirlitinutilkynninguumll T, viWskiptisemYaWframkvmirmeWfjrmlagerningasemteknirhafaveriWtilviWskipta  skipulegumverWbrfamarkaWi.Tilkynningskalsendeinsflj;ttogauWiWerogeigisWaren  viWloknstavinnudags.FjrmlafyrirtkiberaWtilkynnaumllviWskiptimeWfjrmla   gerningasemteknirhafaveriWtilviWskiptaskipulegumverWbrfamarkaWi,hvortsemYau  X eigasrstaWskipulegumverWbrfamarkaWieWautanslkramarkaWa.NnarikvWium K #  innihaldtilkynningaeraWfinna13.gr.reglugerWarframkvmdastj;rnarinnarnr.1287/    2006/EBog1.tfluI.viWauka.0tilkynninguskulum.a.komaframupplUsingarumtegund    ognmerYeirrafjrmlagerningasemviWskiptiurWumeWsamtupplUsingumumfjldafjr   mlagerninga,umsamiWverW,nkvmatmasetninguviWskiptannaoghverviWkomandifjr wO  mlafyrirtkieru.04.mgr.reglugerWarinnarerkveWiWumaWheimiltsaWgerakrfuum B  aWtilkynninguskuliveraauWkenniviWskiptamannsfjrmlafyrirtkisins.GerterrWfyrir    aWnnarikvWiuminnihaldtilkynningaverWisettreglugerW,sbr.31.gr.frumvarpsins.   Xarsegirm.a.aWheimiltsaWkveWaumreglugerWaWtilkynningarskuliinnihalda {  upplUsingarumviWskiptavinifjrmlafyrirtkjaenslkarupplUsingarmundutilaWmynda nF nUtasteftirlitimeWinnherjasvikumogmarkaWsmisnotkun.GerterrWfyriraWfyrirkomulag 9 oginnihaldtilkynningaverWimeWsvipuWusniWiogannarsstaWarNorWurlndunumenda  hefurFjrmlaeftirlitiWtekiWYttsamstarfiumYr;untilkynningakerfis(Transaction  ReportingSystemeWaTRS)meWhinumrkjunumNorWurlndunumogLithen.Ekkert r tilkynningakerfiertilstaWarhrlandisemuppfyllirlgmarkskrfurMiFIDtilskipunarinnar e= ogerYvnauWsynlegtaWYr;anUttkerfiYessumtilgangi.TilYessaWaukasamrminguog 0 hagrWihafaeftirlitinsWsrhagaWstandasamanaWYr;unslkskerfis.Gagnsemikerfisins  semeftirlitstkisvelturm.a.YeimupplUsingumsemFjrmlaeftirlitiWfrgegnumYaW  ogskilvirkumleiWumtilaWvinnarupplUsingunum.XvereinnignauWsynlegtaWYr;a, i samhliWatilkynningakerfinu,flugtrvinnslukerfitilYessaWvinnasjlfkrafarYvmagni \4 upplUsingasemmunberast.GotttilkynningakerfimunveitaFjrmlaeftirlitinuvirkrrWi ' viWeftirlitogeflastarfsemiYesstilmuna.    &  XskalYessgetiWaW31.gr.frumvarpsinserlagttilaWheimiltverWiaWkveWaum  reglugerWaWtilkynningarskylda'skulieinnigntilviWskiptameWfjrmlagerningasemtengj `  astfjrmlagerningumsemteknirhafaveriWtilviWskiptaskipulegumverWbrfamarkaWi. S+! ByggistkvWiW45.tlul.inngangiMiFIDtilskipunarinnarYarsemsegiraWaWildar " rkjumskuliveraheimiltaWkveWaumslkaskyldu.TilYessaWFjrmlaeftirlitiWgetifram # fylgtmarkmiWumgreinarinnarernauWsynlegtaWtilkynningarskyldantakieinnigtilslkra  $ fjrmlagerninga,endagtiYaWhamlaWsamfellduogskilvirkueftirlitieffjrmlagerningar !W% semtengjastfjrmlagerningumsemteknirhafaveriWtilviWskiptaflluutantilkynningar J""& skyldunnar.XaWYarfekkisWuraWfylgjastmeWbestuframkvmdviWskiptafyrirmlahvaW #' varWarYessagerningaaukYesssemnauWsynlegteraWhafaeftirlitmeWYvhvernigfjrmla #( fyrirtkikomavegfyrirhagsmunarekstramillimismunandih;paviWskiptavina,eWainnan $ ) mismunandideildafyrirtkisins. v%N!*   XskalYessgetiWaWFjrmlaeftirlitiWmunvissumtilvikumgetakrafistviWb;tarupplUs A&"+ ingaumkveWinviWskipti,einsogrWgerter3.mgr.13.gr.reglugerWframkvmdastj;rn  '", arinnarnr.1287/2006/EB.XettaerheimiltYegarYessarupplUsingarerunauWsynlegartilaW '#- nframmarkmiWitilkynningarskyldunnar,svosemeffjrmlagerningurinnsemumrWir ( hefursrstkeinkennisemekkierutalinuppreglunumumefniogformtilkynningaogef  viWskiptaaWferWir,semerusrstWarfyrirviWkomandimarkaW,innihaldaatriWisemekkieru  ekkitalinuppreglunumumefniogformtilkynninga. a   02.mgr.erutaldaruppmismunandiaWferWirsemfjrmlafyrirtkigetavaliWumviW T, framkvmdtilkynningarskyldunnar.0fyrstalagigeturfjrmlafyrirtki,eWaYriWjiaWilifyrir  Yesshnd,senttilkynningu.0WrulagierhgtaWsendatilkynningugegnumsrstakttil  kynningarkerfisemFjrmlaeftirlitiWhefursamYykkt.0YriWjalagigetursskipulagWiverW   brfamarkaWureWamarkaWstorg,YarsemviWskiptinttusrstaW,tilkynntFjrmlaeftirlitinu.  X Tilkynningarskv.a.liWverWaaWuppfyllaYrkrfursemkomaframreglumFjrmla K #  eftirlitsinsumformogefni,enYegarumb.eWac.liWeraWrWaYarfkerfiWaWveraYannig    rgarWigertaWtilkynningarsemberastYaWanuppfyllisjlfkrafasmukrfur.XrttfyriraW    fjrmlafyrirtkigetimeWYessumhttitvistaWframkvmdtilkynningarskyldunnarhvlir   byrgWintilkynningarskyldunnieftirsemWurfjrmlafyrirtkinu. wO    Tilkynningarskulusendarrafrnt,enY;geturFjrmlaeftirlitiWveittundanYgufrYv B  algjrumundantekningartilvikumaWnnariskilyrWumuppfylltum.,sbr.12.gr.reglugerWar    framkvmdastj;rnarinnarnr.1287/2006/EB.stWanfyrirYvaWhafatilkynningarraf   rnuformierufyrstogfremstskilvirknioghagrWi,aukYesssemhgtYarfaWveraaW {  sendaupplUsingarnartilannarralgbrrayfirvalda,efYrfkrefur,skj;tanogeinfaldan nF htt. 9   Um31.gr.  ,  0greininnierkveWiWumsetningureglugerWatilnnaritfrslukvWumIII.kafla r frumvarpsins. e=   01.mgr.segiraWrWherraskulisetjareglugerWnnarikvWiumYrjatriWi.0fyrstalagi 0 umupplUsingagjfinnmiWlara,semfjallaWerum28.gr.frumvarpsins.0Wrulagiskal  rWherrasetjareglugerWnnaritfrsluupplUsingaskyldufjrmlafyrirtkjagrundvelli  29.gr.frumvarpsins,Yarsemm.a.skulukomaframkvWiumskyldutilbirtingarupplUs i ingaogskilyrWifyrirundanYgufrbirtinguupplUsinga.0YriWjalagiberrWherraaWsetja \4 nnarikvWireglugerWumtilkynningarskylduumviWskiptiskv.30.gr.,Y.m.t.umskyldu ' FjrmlaeftirlitsinstilaWframsendatilkynningarumviWskiptitileftirlitsaWilaaWildarrkis  YarsemseljanleikiviWkomandifjrmlagerningsermestur,umYrkrfursemgerWareru  tiltilkynninga,uminnihaldtilkynningaogumsamskiptieftirlitsaWila. `    02.mgr.eraWfinnaheimildfyrirrWherratilaWsetjareglugerWnnarikvWiumskyldu S+! innmiWlaratilaWbirtaupplUsingarumkaup-ogslutilboWogdUpttilboWafyriraWrafjr " mlagerningaenhlutabrfsemYeireruinnmiWlararfyrir,skv.28.gr.Xer2.mgr.heimild # tilaWsetjareglugerWnnarikvWiumskyldufjrmlafyrirtkistilaWbirtaupplUsingar  $ umverW,umfangogtmasetninguviWskiptasemframfarautanskipulegraverWbrfamarkaWa !W% eWamarkaWstorgafjrmlagerninga(MTF)meWaWrafjrmlagerningaenhlutabrfskv.29. J""& gr.Einniger2.mgr.heimildtilaWsetjareglugerWnnarikvWiumaWtilkynningarfjr #' mlafyrirtkjagrundvelli30.gr.skuliinnihaldaupplUsingarumauWkenniviWskiptavina #( fjrmlafyrirtkjaogaWtilkynningarskyldafjrmlafyrirtkjagrundvelli30.gr.nieinnig $ ) tilviWskiptameWfjrmlagerningasemtengjastfjrmlagerningumsemteknirhafaveriWtil v%N!* viWskiptaskipulegumverWbrfamarkaWi. A&"+    '",   Um& a  IV.kafla (   0kaflanumeraWfinnakvWiummarkaWstorgfjrmlagerninga(MTF)(e.Multilateral  TradingFacility).032.gr.ergildissviWkaf'a(lansafmarkaW.033.gr.erukvWiumskipulag  markaWstorgs.034.gr.erkveWiWumskilyrWifyriraWildaWmarkaWstorgi.035.gr.erfjallaW a umeftirlitmeWviWskiptumsemframfaramarkaWstorgi.036.gr.erukvWium T, upplUsingagjfumtilboWumkaupeWaslufjrmlagerningummarkaWstorgi.037.gr.  erukvWiumupplUsingagjfumviWskiptisemhafafariWframmarkaWstorgi.Lokser  38.gr.aWfinnareglugerWarheimildir.     Um32.gr. K #  {  0greininnieraWfinnakvWiumgildissviWIV.kaflafrumvarpsins.GildakvWikaflans    umfjrmlafyrirtkiogkauphallirsemhafaheimildtilaWrekamarkaWstorgfjrmlagern    inga(MTF).FjrmlaeftirlitiWveitirfjrmlafyrirtkjumogkauphllumleyfitilaWreka   markaWstorgfjrmlagerninga(MTF)samkvmtlgumumfjrmlafyrirtkioglgumum wO  kauphallir.HugtakiWmarkaWstorgfjrmlagerninga(MTF)erskilgreint2.gr.frumvarpsins. B  kvWikaflanserunUmliogbyggjastMiFIDtilskipuninni.StarfsemimarkaWstorgser    ummargtlkstarfsemiskipulegsverWbrfamarkaWarendaeruskilgreiningarhugtakannaaW   mestusamhlj;Wa.XrreglursemgildaumskipulagrekstursmarkaWstorgsogviWskiptasem {  Yarfaraframeruummargt;lkaroglttbrarienYrreglursemgildaumskipulegaverW nF brfamarkaWi.XannighefurrekstraraWilimarkaWstorgsmunmeirasvigrmtilaWm;taYr 9 reglursemgildaumviWskiptimarkaWstorgiYarsemreglurkaflansbyggjafyrstogfremst  eiginreglusetningu.ReglurmarkaWstorgsverWaY;aWuppfyllakveWnarlgmarkskrfur  oghefurFjrmlaeftirlitiWeftirlitmeWYvaWYeimsfullngt.MunurinnmarkaWstorgi r fjrmlagerninga(MTF)ogskipulegumverWbrfamarkaWibirtistY;ekkisstYvaW e= kveWnirkaflarfrumvarpsinsgildaaWeinsumfjrmlagerningasemteknirhafaveriWtil 0 viWskiptaskipulegumverWbrfamarkaWi.TmiskvWifrumvarpsinsgildaYannigekkium  fjrmlagerningasemverslaWermeWmarkaWstorgifjrmlagerninga(MTF)nemaYeirsu  jafnframtteknirtilviWskiptaskipulegumverWbrfamarkaWi.XanniggildakvWiVII., i VIII.,IX.,X.ogXI.kaflaaWeinsumfjrmlagerningasemteknirhafaveriWtilviWskipta \4 skipulegumverWbrfamarkaWi.HinsvegargildakvWiXII.ogXIII.kaflajafntumslka ' fjrmlagerningasemogYsemaWeinsverslaWermeWmarkaWstorgi.    &  kvWiYessakaflakomastaW34.gr.a.ngildandilgumumstarfsemikauphallaog  skipulegratilboWsmarkaWa,sbr.lgnr.66/2005,'enmeWYvkvWivarheimlaWaWreka `  markaWstorghrlandiogYannigstigiWfyrstaskrefiWviWinnleiWinguMiFIDtilskipunar S+! innar.XaWkvWiheimilaWiY;aWeinsviWskiptimeWverWbrfsemekkivruskrWskipu " legumverWbrfamarkaWi,enYaWskilyrWierlagtafmeWfrumvarpiYessu.VerWurYvhgt # aWeigaviWskiptimeWverWbrfogaWrafjrmlagerningamarkaWstorgi,hvortsemYeirhafa  $ veriWteknirtilviWskiptaskipulegumverWbrfamarkaWieWaekki.0athugasemdummeW !W% frumvarpinusemvarWaWlgumnr.66/2005kemurframaWmarkmiWiWmeWfrumvarpinu J""& hafiveriWaWkomaf;tvettvangifyrirviWskiptimeWverWbrfsmumogmeWalst;rum #' fyrirtkjumogeinnignUjumfyrirtkjumsemeruhrWumvexti.Erfrumvarpinum.a. #( vsaWtilmikilvgisYessaWhrlandistilstaWarflugurmarkaWurfyrirhttufjrmagn. $ ) Xessisj;narmiWeigaennviWY;aWengartakmarkanirverWiYvhvaWategundir v%N!* fjrmlagerningagetigengiWkaupumogslummarkaWstorgi.kveWnarlgmarkskrfur A&"+ leiWaY;afkvWi2.tlul.3.mgr.33.gr.kaflansYarsemkveWiWerumaWrekstraraWili  '", markaWstorgsskulisetjareglurumYauskilyrWisemfjrmlagerningarYurfaaWuppfylla.X '#- skalskv.4.tlul.tryggtaWngarupplUsingarsuaWgengilegarumtgefanda ( fjrmlagerningaogfjrmlagerninganasjlfa,einsognnarerrakiWhraWneWan.    Um33.gr. a <  01.mgr.erkveWiWumaWreksturmarkaWstorgsfjrmlagerninga(MTF)skulivera T, samrmiviWeWlilegaogheilbrigWaviWskiptahttiogvenjurverWbrfaviWskiptum,meWtr  verWugleikamarkaWarinsoghagsmuniviWskiptavinaaWleiWarlj;si.EinsogYegarhefur  komiWframerslagarammisemgildirummarkaWstorgmunminnioglttbrariens   lagarammisemgildirumskipulegaverWbrfamarkaWiogbyggiststarfseminaWmikluleyti  X eiginreglusetningurekstraraWilamarkaWstorgs.SlkeiginreglusetningleggurYvaukna K #  byrgWrekstraraWilaYeirraaWhagarekstrisnumsamrmiviWg;WaviWskiptahtti.Xykir    YvrttaWhnykkjaYessarialmennuregluogtryggjaYannigaWhnnijafntyfir    fjrmlafyrirtkiogkauphallirsemrekamarkaWstorg.     02.mgr.erkveWiWumaWfjrmlafyrirtkieWakauphllsemrekurmarkaWstorgfjr wO  mlagerninga(MTF)beribyrgWaWreksturskipulegsverWbrfamarkaWarsheilbrigWur B  ogtraustur.HrerumaWrWaalmennareglusemvsartilYessaWrekstraraWilimarkaWstorgs    skalhafayfiraWrWangufjrmagnitilaWtryggjarugganreksturoghafafullngjandi   innraskipulag,svosemgtaaWhagsmunarekstrum,gtaaWhttustj;rnun,hafayfiraW {  rWaruggumkerfumoghafangjanlegtinnraeftirlitogregluvrslu. nF   03.mgr.erutaldaruppfimmliWumYrmeginskyldursemhvlarekstraraWila 9 markaWstorgsfjrmlagerninga(MTF).0fyrstalagiskalrekstraraWilimarkaWstorgssetja  gagnsjarogsjlfvirkarreglursemtryggjasanngjrnogskipulegviWskiptimarkaWstorginu  ogskuluYrinnihaldahlutlgviWmiWumframkvmdfyrirmla.MeWkvWinuerinnleitt r kvWi1.mgr.14.gr.MiFIDtilskipunarinnar.MeWgagnsjumogsjlfvirkumreglumer e= ttviWaWfyrirframslj;sthvernigviWskiptifariframogaWrekstraraWilimarkaWstorgsins 0 getit.d.ekkihafthrifhvernigtilboWmtastviWskiptakerfiYess.0Wrulagiskal  rekstraraWilimarkaWstorgssetjareglurumYauskilyrWisemfjrmlagerningarYurfaaW  uppfyllasvoviWskiptigetifariWframmeWYmarkaWstorginu.kvWiWerinnleiWingfyrri i hluta2.mgr.14.gr.MiFIDtilskipunarinnar.MeWkvWinuerrekstraraWilamarkaWstorgs \4 gefiWmikiWsvigrmtilaWkveWahvaWafjrmlagerningashgtaWeigaviWskiptimeW ' markaWstorginuoghvaWaskilyrWiYeirYurfaaWuppfyllaenkvWiWverWuraWskoWalj;si  annarrakrafnasemhvlarekstraraWilamarkaWstorgs,svosemaWtryggjaaWgengiaW  ngjanlegumupplUsingum.0YriWjalagiberrekstraraWilamarkaWstorgsaWtryggjaaWaWilar `  aWmarkaWstorginuhafiaWgangaWngjanlegumopinberumupplUsingumtilaWgetatekiW S+! fjrfestingarkvarWanir.MeWkvWinuerinnleiddurseinnihluti2.mgr.14.gr.MiFID " tilskipunarinnar.MeWupplUsingumerttviWupplUsingarumtgefandafjrmlagerningaog # fjrmlagerninganasjlfa.RekstraraWilimarkaWstorgsgeturUmisttryggtaWgengiaW  $ upplUsingummeWYvaWbirtaYrsjlfureWagengiWrskuggaumaWYrsuaWgengilegar !W% fyriraWilaaWmarkaWstorginuogfjrfesta.MatYvhvaWaupplUsingarteljastngjanlegar J""& fereftireWliviWkomandigerninga.Effjrmlagerningarhafat.d.veriWteknirtilviWskipta #' skipulegumverWbrfamarkaWi,YteljastupplUsingarfrtgefandaalmenntfullngjandi. #( AWgengiaWupplUsingunumYarfaWveragottoggerterrWfyriraWalmenntverWigerWkrafa $ ) umaWrekstraraWilihalditifrttakerfiheimasWusinniefupplUsingarnareruekki v%N!* aWgengilegarannarsstaWar.XskalvsaWtilYessaWfrumvarpiWgerirrWfyriraWkvWi A&"+ XIII.kaflaummeWferWinnherjaupplUsingaogviWskiptiinnherjagildiumviWskipti  '", markaWstorgi.0122.gr.erm.a.gertrWfyriraWtgefandafjrmlagerningasemverslaWer '#- meWmarkaWstorgiberiaWtilkynnaYegarstaWallarYrinnherjaupplUsingarsemvarWa ( hanntilviWkomandiskipulegsverWbrfamarkaWareWamarkaWstorgs.0fj;rWalagiskal  rekstraraWilimarkaWstorgssetjareglurumaWgengiaWmarkaWnumogskuluYrfullngja  skilyrWum34.gr.MeWkvWinuerinnleidd4.mgr.14.gr.MiFIDtilskipunarinnar.Nnar a erfjallaWumaWildaWmarkaWstorgiathugasemdumviW28.gr.0fimmtalagiskal T, rekstraraWilimarkaWstorgsupplUsanotendurmarkaWstorgsinsumskyldurYeirrahvaWvarWar  uppgjrviWskiptasemfaraframmarkaWstorginuoggerarWstafanirtilaWtryggjaaW  skilvirktuppgjrviWskiptagetifariWfram.kvWiWerinnleiWing5.mgr.14.gr.MiFID   tilskipunarinnar.ruggtuppgjrviWskiptaereinafmeginforsendunumfyriraWmarkaWstorg  X getistarfaWeWlilega.0kvWinuerlgWsskyldarekstraraWilamarkaWstorgsaWsjtilYess K #  aWnauWsynlegartengingarsutilstaWarsvouppgjrgetifariWframogaWilaraWviWskiptum    suvelupplUstirumskyldursnarYeimefnum.      & a Um34.gr. wO    0greininnierkveWiWumhverjirgetaorWiWaWilaraWmarkaWstorgifjrmlagerninga. B  GerWerkrafaumaWYeirsutilYesshfir,'awhafifullngjandigetutilaWeigaviWskipti,full    ngi,YarsemYaWviW,krfumsemgerWarerutilskipulagsoghafifullngjandifjrrWtil   aWframkvmaYraWgerWirsemYeimertlaWaWframkvma.ErukrfurYessarhliWstWar {  YeimsemgerWarerutilaWilaaWskipulegumverWbrfamarkaWi,Y.e.annarraenYeirrasem nF teljastsjlfkrafatilYesshfir,sbr.frumvarptillagaumkauphallirsemlagterframsamhliWa 9 frumvarpiYessu.kvWiWertilinnleiWingar4.mgr.14.gr.MiFIDtilskipunarinnar.    & a Um35.gr. r   MeWgreininnierinnleittkvWi26.gr.MiFIDtilskipunarinnar.kvWiWerhliWsttt e= kvWiumeftirlitkauphallarmeWviWskiptum,'asbr.frumvarptilkauphallarlagasemlagter 0 framsamhliWafrumvarpiYessu.    &  01.mgr.erlgWsskyldafjrmlafyrirtkieWakauphllsemrekurmarkaWstorgaW  hafaeftirlitmeWYvaWaWilar'i aWviWskiptumsemYarfaraframstarfieftirlgum,reglumog i samYykktumsemumviWskiptimarkaWstorginugilda.AukYessskalrekstraraWilimarkaWs \4 torgsrekaviWeigandieftirlitskerfimeWviWskiptum.MikilvgustureglurnarYessusambandi ' semrekstraraWilanumberaWgtaerureglurummarkaWsmisnotkunoginnherjasvikeneftir  litiWskaljafnframtntilannarrareglnasemumviWskiptingilda.SamkvmtkvWinuhvlir  eftirlitmeWviWskiptunumrekstraraWilamarkaWstorgsinsenFjrmlaeftirlitiWhefurjafn `  framteftirlitmeWYvaWhannuppfylliskyldursnarYeimefnum.0YvsambandiskalYess S+! getiWaWFjrmlaeftirlitiWgeturkrafistYessaWviWskiptimarkaWstorginuverWistWvuW " tmabundiWeWafyrirfulltogalltsbr.133.gr.frumvarpsins. #   02.mgr.erlgWsskyldafjrmlafyrirtkieWakauphllsemrekurmarkaWstorgaWtil  $ kynnatilFjrmlaeftirlitsinsefgrunureWavitneskjaerumaWbrotiWhafiveriWgegnlgum, !W% reglugerWumeWaWrumreglumsemgildaumviWskiptimarkaWstorginueWaaWbrotiWhafi J""& veriWgr;flegaeWatrekaWgegnreglumYess.kvWiWersamrmiviWfyrirkomulag1.mgr. #' YarsemrekstraraWilamarkaWstorgserfaliWaWhafaeftirlitmeWviWskiptumsemYarfarafram #( ogerYvbrUntaWFjrmlaeftirlitinustilkynntumlltilvikYegaruppkemurgrunureWa $ ) vitneskjaumbrotlgumeWaWrumreglum. v%N!*   03.mgr.erkveWiWumaWfjrmlafyrirtkieWakauphllsemrekurmarkaWstorgskuli A&"+ veitayfirvldumtafarlaustviWeigandiupplUsingarogaWstoWvegnaranns;knareWasak  '", s;knarvegnagrunsumrefsiverWahttsemisemsrstaWmarkaWstorgieWagegnum '#- markaWskerfiYess.MeWyfirvldumeraWallegattviWFjrmlaeftirlitiW,enofYrngtYykir ( aWeinskorWaupplUsingaskylduviWstofnuninaYarsemrekstraraWilamarkaWstorgsbereinnig  aWaWstoWannuryfirvld,t.d.lgregluogsaks;knara.    Um36.gr. T,    MeWgreininnierinnleittkvWi29.gr.MiFIDtilskipunarinnar.kvWiWerhliWsttt28.  gr.frumvarpstillagaumkauphallirsemlagterframsamhliWafrumvarpiYessu.Nnari  kvWiumupplUsingagjfumtilboWeraWfinnaIV.kaflareglugerWarframkvmdastj;rnar   innarnr.1287/2006/EBogergertrWfyriraWYaukvWiverWitekinuppreglugerWsem  X rWherraseturmeWstoW38.gr.frumvarpsins. K #    01.mgr.erkveWiWumaWfjrmlafyrirtkieWakauphllsemrekurmarkaWstorgfjr    mlagerninga(MTF)skuli,vegnahlutabrfasemtekinhafaveriWtilviWskiptaskipulegum    verWbrfamarkaWi,birtaopinberlegaverWupplUsingarumkaupogslutilboWsemsetteru   frammarkaWstorginuaukupplUsingaumdUpttilboWaviWkomandiverWi.UpplUsingarnar wO  skalbirtasamfelltalmennumopnunartmaogveraaWgengilegaralmenningisanngjrnum B  viWskiptakjrum.MeWkaup-ogslutilboWumerttviWbindanditilboWumaWkaupaeWaselja    tiltekiWmagnaffjrmlagerningumkveWnuverWi.HeimiltervissumtilvikumaWbirta   verWupplUsingarnarsamandregnuformi,sbr.17.gr.reglugerWarframkvmdastj;rnarinnar {  1287/2006/EB.MeWalmennumopnunartmaerttviWauglUstanopnunartmaviWkomandi nF markaWar. 9   02.mgr.erkveWiWumaWFjrmlaeftirlitiWgetiveittundanYgufrbirtingukaup-og  slutilboWaskv.1.mgr.grundvellieiginleikaviWkomandimarkaWstorgseWategundarog  strWartilboWa.GerterrWfyriraWnnarikvWi&  verWisettreglugerWgrundvelli18.!20. r gr.reglugerWarframkvmdastj;rnarinnarnr.1287/2006/EB.'  e=   & a Um37.gr.     MeWgreininnierinnleittkvWi30.gr.MiFIDtilskipunarinnar.kvWiWerhliWsttt29.  gr.frumvarpstillagaumkauphallirsem'a lagterframsamhliWafrumvarpiYessu.Nnari i kvWiumupplUsingagjfumviWskiptieraWfinnaIV.kaflareglugerWarframkvmda \4 stj;rnarinnarnr.1287/2006/EB&  ogergertrWfyriraWYaukvWiverWitekinuppreglugerW ' semrWherraseturmeWstoW38.gr.frumvarpsins.''     01.mgr.erkveWiWumaWfjrmlafyrirtkieWakauphllsemrekurmarkaWstorgfjr  mlagerninga(MTF)skulibirtaopinberlegaupplUsingarumverW,umfangogtmasetningu `  viWskiptasemframkvmderuviWskiptakerfiYessmeWhlutabrfsemtekinhafaveriWtil S+! viWskiptaskipulegumverWbrfamarkaWi.XerkveWiWumaWupplUsingarnarskulibirtar " sanngjrnumviWskiptakjrumogeinsnlgtrauntmaogmgulegter.kvWiYettaeigi # ekkiviWefupplUsingarumviWskiptinerubirtarviWskiptakerfiskipulegs  $ verWbrfamarkaWar.UpplUsingarnarskulim.a.tilgreinatmaviWskipta,umhvaWa !W% fjrmlagerningasaWrWa,verW,magnoghvarviWskiptinf;rufram.XverWurheimiltmeW J""& kveWnumskilyrWumaWdragasamanupplUsingarumviWskiptisemeigasrstaWsamatma #' ogsmuverWum. #(   02.mgr.erlagttilaWfjrmlafyrirtkieWakauphllsemrekurmarkaWstorgsheimilt $ ) aWsetjasrreglurumaWtefjaskulibirtinguupplUsingavegnastrWareWategundar v%N!* viWskipta.GerWerkrafaumaWreglurnaruppfylliskilyrWireglugerWarsemsettverWi A&"+ grundvelli38.gr.XergerWkrafaumaWfjrmlafyrirtkieWakauphllleitisamYykkis  '", FjrmlaeftirlitsinsfyrirreglunumWurenYrverWiltnargildaumbirtinguupplUsingaum '#- viWskiptimarkaWnum.FjrmlafyrirtkieWakauphllskaljafnframtsjtilYessaWaWilar ( aWmarkaWstorginuogfjrfestarsuupplUstirumtfina.ErgertrWfyriraWreglur  markaWstorgssamkvmtYessarimlsgreinverWieinkumtilvikYegarumeraWrWa  umfangsmikilviWskiptisamanburWiviWhefWbundinviWskiptimeWviWkomandihlutabrfeWa a flokkhlutabrfa.0reglugerWverWurnnarkveWiWumhversulengimegitefjabirtingu T, upplUsingannaogmeWhvaWaskilyrWum.    Um38.gr.   D"   0greininnierkveWiWumsetningureglugerWatilnnaritfrslukvWumIV.kafla.  X   01.mgr.segiraWrWherraskulisetjareglugerWnnarikvWiumtvatriWi,annarsvegar K #  umupplUsingagjfumtilboWogundanYgurfrupplUsingaskyldurskv.36.gr.,hinsvegar    erumaWrWaupplUsingagjfumviWskiptiogtafirhenniskv.37.gr.MeWstoWkvWi    YessuverWam.a.innleiddkvWiIV.kaflareglugerWarframkvmdastj;rnarinnar1287/2006/   EB. wO    02.mgr.eraWfinnaheimildfyrirrWherratilaWsetjareglugerWnnarikvWiumskyldu B  fjrmlafyrirtkiseWakauphallartilaWbirtaupplUsingarumkaup-ogslutilboWogdUpttil    boWasemsetteruframmarkaWstorgifjrmlagerninga(MTF)fyriraWrafjrmlagerninga   enhlutabrfskv.36.gr.XerheimiltaWsetjareglugerWumskyldufjrmlafyrirtkiseWa {  kauphallartilaWbirtaupplUsingarumverW,umfangogtmasetninguviWskiptasemframfara nF markaWstorgifjrmlagerninga(MTF)meWaWrafjrmlagerningaenhlutabrfskv.37.gr. 9   & a UmV.kafla.  #(   0kaflanumerYremurgreinumaWfinnareglurumsamningsbundiWuppgjrafleiWna. r Kaflinner;breytturfrIII.kafla'a/( gildandilagaumverWbrfaviWskipti.kvWinkomufyrst e= innlgmeW11.gr.laganr.99/2000,sembreyttulgumumverWbrfaviWskipti,nr.13/1996, 0 ogeruaWmestuleyti;breytt.    & , Um39.gr. i 7*   039.gr.erkveWiWumgildissviWV.kaflaumsamningsbundiWuppgjrafleiWna.kvWi \4 kaflanstakatilskuldajafnaWarogtryggingarrttindatengslumviWafleiWur.kvWiWer ' ;breyttfr17.gr.gildandilaga',C* .    Um40.gr. `  +   0greininnierfjallaWumskuldajfnuWogkveWiWumYaWaWskriflegursamningur,einn S+! eWafleiri,millitveggjaaWilaumaWskyldurYeirrasamkvmtafleiWuskulijafnasthverm;ti " annarri,meWskuldajfnuWi,viWendurnUjuneWaviWvanefnd,greiWslustWvun,nauWasamn # ingaeWagjaldYrotaskipti,skulihaldagildisnuaWfulluYrttfyrirkvWi91.gr.og100.gr.  $ laganr.21/1991,umgjaldYrotaskiptio.fl.kvWiWer;breyttfr18.gr.gildandilaga.XaW !W% komfyrstinnlgumverWbrfaviWskiptimeWlgumnr.99/2000ogvarY40.gr.laganna. J""&   Um41.gr. #( @/   0greininnierfjallaWumaWtryggingarrttindum,semsetterutiltryggingarviWskiptum $ ) meWafleiWur,verWiekkiriftYrttfyrirkvWi137.gr.lagaumgjaldYrotaskipti.kvWiW v%N!* er;breyttfr19.gr.gildandilaga,enYaWkomfyrstinnlgumverWbrfaviWskiptimeW11. A&"+ gr.laganr.99/2000ogvarY41.gr.laganna.  '",    '#-   Um& a VI.kafla. ( {1   0VI.kaflafrumvarpsinserfjallaWumtboWogtkutilviWskipta.KaflinneraWmestu  ;breytturfrIV.kaflagildandilagaumt'a(1 boWogskrninguverWbrfa.Xrbreytingarsem  lagWarerutilheitikaflansogflestarYrbreytingarsemlagWarerutilkaflanummrekja a tilbreyttrarhugtakanotkunarsemlgWertilfrumvarpinuogfrumvarpitilnUrrakauphallar T, laga,semlagterframsamhliWafrumvarpiYessu,enYarerlagttilaWgerWurverWigreinar  munuropinberriskrninguverWbrfaskipuleganverWbrfamarkaWogtkufjrmlagern  ingatilviWskiptaskipulegumverWbrfamarkaWi,engildandilggeraekkiskUrangreinar   munYessumtveimuraWgerWumYarsemhugtakiWskrningerltiWntilYeirrabeggja.0  X frumvrpunumerlagttilaWFjrmlaeftirlitinuverWifaliWaWannastopinberaskrningufjr K #  mlagerningasemlgbrustj;rnvaldi,entakafjrmlagerningatilviWskiptaverWihndum    kauphallasemrekaskipuleganverWbrfamarkaW.HugtakiWtakafjrmlagerningatilviW    skiptafelluraWhugtakanotkunMiFIDtilskipunarinnarogannarraEvr;putilskipana,semog   hugtakanotkunannarsstaWarNorWurlndum. wO    & , Um42.gr.    7   042.gr.ergildissviWVI.kaflaskilgreint,enkvWikaflanstakatilalmennratboWa   verWbrfaogtkuverWbrfatilviWskiptaskipulegumverWbrfamarkaWi.Xerupptalning {  greininniYvhvenrkvWikaflans', 8 eigaekkiviW.Greininer;breyttfr20.gr.gildandi nF lagaaWWruleytienYvaWtalaWerumtkutilviWskiptastaWskrningar. 9   Um43.gr.  R:   0greininnieraWfinnaskUringarnokkrumgrundvallarhugtkumkaflans.kvWiWeraW r mestu;breyttfr21.gr.gildandilaga,enY;erulagWartiltvrbreytingarYv.0fyrstalagi e= erlagttilaWhugtakiWtakatilviWskiptaverWinotaWstaWskrningar,sbr.umfjllunum 0 breyttahugtakanotkunathugasemdumviWVI.kafla.0WrulagierlagttilaWnUrriskilgrein  inguverWibttviWgreinina.LagtertilaWhugtakiWhfirfjrfestar(e.qualifiedinvestors)  verWiskUrt9.tlul.Skilgreininginersamhlj;WaskilgreiningufagfjrfestumsemneraW i finna7.tlul.2.gr.gildandilaga.NgildandiskilgreiningfagfjrfestumvarlgfestmeW \4 lgumnr.94/2006,ensetningYeirralagavarhlutiafinnleiWingarferlivegnatilskipunar ' Evr;puYingsinsogrWsins2003/71/EBfr4.n;vember2003umlUsingarYegarverWbrferu  boWinalmennutboWieWaskrWskipuleganverWbrfamarkaW.0frumvarpiYessuerhins  vegarnauWsynlegtvegnainnleiWingarMiFIDtilskipunarinnaraWleggjatilbreytingarskil `  greininguhugtakinufagfjrfestar(e.professionalinvestors)vegnahugtakanotkunar S+! MiFIDtilskipunarinnarogernUjaskilgreininguhugtakinufagfjrfestaraWfinna9.tlul. " 1.mgr.2.gr.frumvarpsinsogbyggisthnviWaukaIIviWMiFIDtilskipunina.AWgreining # millifagfjrfestaoghfrafjrfestaerlgWtilaWsnskrifyrirmyndlj;siYessaWerfitter  $ aWsamrmaYessarskilgreiningar.FjrhWirgreininnierubundnargengievrusbr.4.mgr. !W% 42.gr.frumvarpsins. J""&   Um44.gr. #( B   0greininnikomaframskilyrWialmennstboWsogtkuverWbrfatilviWskipta.Greininer $ ) ;breyttfr22.gr.gildandilagaWruleytienYvaWtalaWerumtkuverWbrfatilviWskipta v%N!* staWskrningarverWbrfa. A&"+    '",   Um& ,  45.gr. ( QD   045.gr.erkveWiWumYaWhvaWaupplUsingarskulukomaframlUsingu.Greininer  ;breyttfr23.gr.gildandilagaaWWruleytienYvaWtalaWerumtkutilviWskiptastaW  skrn',(`D ingar. a   Um46.gr.  E   0kvWinuerfjallaWumviWaukaviWlUsingu.Greininer;breyttfr24.gr.gildandilaga.    Um47.gr.  X F   0greininnierkveWiWumgildistmalUsingar,grunnlUsingarogtgefandalUsingar. K #  Greininer;breyttfr25.gr.gildandilagaaWWruleytienYvaWtalaWerumtkutilviW    skiptastaWskrningar.      Um48.gr. wO  8H   0greininnierfjallaWumrlegaupplUsingagjftgefendaverWbrfa.kvWiWer B  samhlj;Wa26.gr.gildandilagaaWYvundanskilduaWorWunum?ogerumeW0slandsem    heimarki hefurveriWbttinn1.mlsl.vegnaskilgreiningarheimarkitengslumviW   innleiWingugagnsistilskipunarinnar,sbr.3.gr. {    Um49.gr. 9 AJ   0greininnierfjallaWumlUsingusemersamsettrYremurskjlum.Greininer;breyttfr  27.gr.gildandilagaaWWruleytienYvaWtalaWerumtkutilviWskiptastaWskrningar.    & , Um50.gr. e= K   0kvWinuerkveWiWumundanYgurfrgerWlUsinga.Greininer;breyttfr28.gr.gild 0 andilagaaWWruleytienYvaWtalaWerumtkutilviWskiptastaWskrningaroghfafjr  festastaWfagfjrfesta',eK .    & a Um51.gr. \4 ;M   051.gr.frumvarpsinserureglurumslutryggingar.kvWiWer;breyttfr29.gr.gild ' andilaga.'a\GM     Um52.gr. `  >N   0kvWinuerkveWiWumumsj;nmeWalmennutboWiogstaWfestingulUsingum. S+! Greininer;breyttfr30.gr.gildandilagaaWWruleytienYvaWtalaWerumtkutilviW " skiptastaWskrningar. #   Um53.gr. !W% O   0kvWinuerunnarireglurumhfafjrfesta.Samhlj;WakvWiern2.mgr.2.gr. J""& gildandilaga,enhugtakiWhfirfjrfestarernotaWstaWhugtaksinsfagfjrfestar,sbr.um #' fjllunathugasemdviW43.gr. #(   Um54.gr. v%N!* 8Q   0greininnierkveWiWumaWrWherraskulisetjareglugerWumnnariframkvmdVI. A&"+  kaflafrumvarpsins.kvWiWeraWmestusamhlj;Wa1.og2.mgr.73.gr.ngildandilagaum  '", verWb&   rfaviWskiptienbeturYykirfaraYvaWhafareglugerWarkvWilagannaundirviW ( eigan'(R dikaflatilaWaukagagnsi.    UmVII.kafla. a sS   0VII.kaflafrumvarpsinserukvWiumYrregluleguupplUsingarsemtgefendum T, verWbrfasemtekinhafaveriWtilviWskiptaskipulegumverWbrfamarkaWiberaWbirtaopin  berlega,enYaWerursreikningur,rshlutareikningurvegnafyrstusexmnaWa  reikningsrsinsoggreinargerWfrstj;rn.ReglurYessakaflafrumvarpsinsbyggjasteinkum   4.!8.gr.tilskipunar2004/109/EB.  X   Um55.gr.    U   0greininnierukvWiumgildissviWVII.kaflafrumvarpsins.Samkvmt1.mgr.gilda    kvWikaflansumtgefendurmeW0slandsemheimarkienhugtakiWheimarkierskilgreint   3.gr.frumvarpsins.EkkiskiptirmlihvortviWkomanditgefandiermeWskrWaskrifstofu wO  0slandieWaekkiheldurafmarkastgildissviWkaflansaWeinsafYvaWheimarkitgefandans B  s0slandi.AfkvWinuleiWiraWjafnvelY;ttverWbrftgefandahafiekkiveriWtekintil    viWskiptaskipulegumverWbrfamarkaWi0slandiheldureinungisWrurkiEvr;pska   efnahagssvWinubertgefandaskyldatilaWfylgjakvWumkaflansumreglubundnarupp {  lUsingar,sbr.einnig5.mgr.3.gr. nF   AfaliW2.mgr.3.gr.tilskipunar2004/109/EBleiWiraWrkjumEvr;pskaefnahagssvW 9 inuer;heimiltaWgerastrangarikrfurenYrsemleiWaaftilskipuninnigagnvarttgefend  umsemekkieiga0slandsemheimarkiengefatverWbrfsemtekinhafaveriWtilviWskipta  skipulegumverWbrfamarkaWi0slandi.XarafleiWandimlir2.mgr.kvWisinsfyrirum r aWslkirtgefendurskuliveitareglulegarupplUsingarsamrmiviWreglurheimarkissns e= semeruhliWstWarYeimupplUsingumsemYessikaflilagannamlirfyrirum.MeWYver 0 ttviWaWtgefandiskuliveitaupplUsingarsamrmiviWYaubindandiopinberufyrirmli  heimarkissnssembyggjastgagnsistilskipuninni.kvWikaflanseigaYvekkiviWum  tgefendurmeWheimarkiWrurkiEvr;pskaefnahagssvWinuen0slandi. i   Um56.gr. ' 1^   GreinintilgreinirundanYgurfrgildissviWikaflans.AnnarsvegarerumaWrWaaWtil  teknirtgefendursuundanYegnirgildissviWinuburtsWfrYvhvaWategundverWbrfaYeir  gefatoghinsvegarerumaWrWaundanYgurgagnvarttgefendumtiltekinnategunda `  verWbrfa. S+!   01.mgr.ermltfyrirumundanYgurkjaEvr;pskaefnahagssvWinu,sveitarflagaeWa " sambrilegrasvWis-eWastaWaryfirvaldaEvr;pskaefnahagssvWinu,opinberra # alYj;WlegraaWilasema.m.k.eittrkiinnanEvr;pskaefnahagssvWisinsaWildaW,  $ seWlabankaEvr;pskaefnahagssvWinuogSeWlabankaEvr;pu.MlsgreininbyggistaliW !W% 1.mgr.8.gr.tilskipunar2004/109/EB. J""&   02.mgr.ermltfyrirumundanYgugagnvarttgefandasemeingngugefurtskulda #' brfsemtekinhafaveriWtilviWskiptaskipulegumverWbrfamarkaWiognafnverWeininga #( skuldabrfannaeraWminnstakosti4,6millj.kr.(50.000evrur).MlsgreininbyggistbliW $ ) 1.mgr.8.gr.tilskipunar2004/109/EB. v%N!*   03.mgr.ermltfyrirumundanYgugagnvartverWbrfasj;WumeWafjrfestingarsj;Wum A&"+ semgefathlutdeildarskrteinieWaslkasj;WisemaflaeWarWstafahlutdeildarskrteinum.  '", Mlsgreininbyggist1.mgr.2.gr.tilskipunar2004/109/EB.Efsamitgefandigefurtein '#- hverjaraWrartegundirverWbrfaenhlutdeildarskrteiniogYauverWbrferutekintilviWskipta ( skipulegumverWbrfamarkaWiundanYganekkiviW.    04.mgr.ermltfyrirumundanYgugagnvarttgefendumpeningamarkaWsskjalameW  binditmasemerskemmrien12mnuWir.MlsgreininbyggistaliW1.mgr.2.gr.tilskipun a ar2004/109/EB.EfsamitgefandigefurteinhverjaraWrartegundirverWbrfaenpeninga T, markaWsskjlmeWbinditmasemerskemmrien12mnuWirogYauverWbrferutekintilviW  skiptaskipulegumverWbrfamarkaWiundanYganekkiviW.    05.mgr.ermltfyrirumundanYgugagnvarttgefandaskuldabrfasemYegarvar   skipulegumverWbrfamarkaWi31.desember2003eftgefandinngefureingngutskulda  X brfsemheimarkihanseWaeittafsvWis-eWastaWaryfirvldumYessrkisbyrgistskil K #  yrWislaustog;afturkallanlega.Mlsgreininbyggist3.mgr.8.gr.tilskipun2004/109/EB.      Um57.gr.   j   kvWiWmlirfyrirumopinberabirtingursreiknings.MeginreglaneraWopinberbirting wO  skulifaraframeinsflj;ttogauWiWerenskyldaeraWbirtarsreikninginnsWastalagifj;rum B  mnuWumfrlokumreikningsrsins.Mlterfyrirumframkvmdopinberrarbirtingar52.    gr.frumvarpsins.kvWiWleggurjafnframtYskyldutgefandaaWtryggjaaWrsreikn   ingursaWgengileguralmenningia.m.k.fimmr.065.gr.frumvarpsinseraWfinnaheimild {  tilhandarWherratilaWkveWannarmeWreglugerWmeWhvaWahttirsreikningurskuli nF veraaWgengileguralmenningienfyrirsWeraWEvr;pusambandiWmuntfrareglurvarWandi 9 YettaatriWinnarvntanlegritilskipun.kvWiWbyggist1.mgr.4.gr.tilskipun2004/  109/EB.    & a Um58.gr. e= n   kvWiWmlirfyrirumopinberabirtingurshlutareikningsvegnafyrstusexmnaWa 0 reikningsrsinsoggildirumtgefendurhlutabrfa'aen ogskuldabrfa.MeginreglaneraWopinber  birtingskulifaraframeinsflj;ttogauWiWereftirloktmabilsinsenskyldaeraWbirtars  hlutareikninginnsWastalagitveimurmnuWumfrlokumfyrstusexmnaWareiknings i rsins.Mlterfyrirumframkvmdopinberrarbirtingar52.gr.frumvarpsins.kvWiW \4 leggurjafnframtYskyldutgefandaaWtryggjaaWrshlutareikningurinnsaWgengilegur ' almenningia.m.k.fimmr.065.gr.frumvarpsinseraWfinnaheimildtilhandarWherratil  aWkveWannarmeWreglugerWmeWhvaWahttirsreikningurskuliveraaWgengilegural  menningienfyrirsWeraWEvr;pusambandiWmuntfrareglurvarWandiYettaatriWinnar `  vntanlegritilskipun.kvWiWbyggist1.mgr.5.gr.tilskipun2004/109/EB. S+!   Um59.gr. #  t   0greininniermltfyrirumskyldutgefendahlutabrfatilaWgefatsvonefndagreinar  $ gerWfrstj;rnflagsins.kvWiWernUmlislenskumlgumogbyggist6.gr.tilskipun !W% ar2004/109/EB. J""&   01.mgr.erfjallaWumhvaWatmabilireikningsrsinstgefandaberiskyldatilaWbirta #' greinargerWfrstj;rnenYaWerannarsvegarfyrstusexmnuWumreikningsrsinsoghins #( vegarsWarisexmnuWumreikningsrsins.02.mlsl.ergreintfrYvhvertinnihald $ ) greinargerWarstj;rnarinnarskuliveraensamkvmtmlsgreininniskalgreinargerWinnit v%N!* skUramikilvgaatburWiogviWskiptisemtthafasrstaWviWkomanditmabilioggera A&"+ greinfyrirhrifumYeirrafjrhagstWutgefandansogd;tturflagahans.MeWhugtakinu  '", d;tturflagerkvWinuttviWflagundiryfirrWumsbr.6.tlul.2.gr.laganr.3/2006,um '#- rsreikninga.LoksgreinargerWfrstj;rnaWgeymaalmennalUsingufjrhagsstWuog ( rekstrarafkomutgefandansogd;tturflagahansviWkomanditmabili.Afframangreindu  mveralj;staWgreinargerWfrstj;rnflagsberaWgefagreinarg;WalUsingurekstritgef  andaogstWuflagsins.EkkierumstaWlaWantextaaWrWaogYvrWstefnigreinargerWar a innarhverjusinniafeWliogumfangitgefanda.kvWi1.og2.mgr.byggjast1.mgr.6. T, gr.tilskipunar2004/109/EB.    kvWi2.mgr.mlirfyrirumaWgreinargerWinskulibirttmabilinufrtuvikumeftir  aWviWkomandisexmnaWatmabilhefstogYartilsexvikumWurenYvlUkurogaWefni   hennarskulinyfirtmabiliWfrupphafihvorssexmnaWatmabilstilbirtingardagsgreinar  X gerWarinnar. K #    kvWi3.mgr.veitirtgefendumsembirtarshlutareikningvegnafyrstuYriggjaog    fyrstunumnaWareikningsrsinssamrmiviWkvWilagaumrsreikningaundanYgu    frbirtingugreinargerWarstj;rnar.kvWiWbyggist2.mgr.6.gr.tilskipunar2004/109/EB.     & a Um60.gr. B  ~   kvWiWvsartillagaumrsreikningavarWandiefnirsreikningsogrshlutareiknings    vegnafyrstusexmnaWareikningsrsins'aB~ gagnvarttgefendummeWskrWaskrifstofu   0slandi.kvWi2.!5.mgr.4.gr.og2.!5.mgr.5.gr.tilskipunar2004/109/EBverWainnleidd {  lgumrsreikninga.SamkvmtorWannahlj;WangildirkvWiWaWeinsumtgefendurmeW nF skrWaskrifstofu0slandi.BtgefendurmeW0slandsemheimarkienskrWaskrifstofuWru 9 rkiEvr;pskaefnahagssvWinuskuluYarafleiWandiekkifylgjakvWumlagaumrs  reikningaheldurreglumYessrkisYarsemYeirhafaskrWaskrifstofu.FramangreintleiWir  m.a.aflokamlsliW3.mgr.4.gr.tilskipunar2004/109/EB.Efnirsreikningsogrshluta r reikningsvegnafyrstusexmnaWareikningsrsinshjtgefendummeW0slandsemheimarki e= enmeWskrWaskrifstofurkiutanEvr;pskaefnahagssvWisinsfereftir61.gr.frum 0 varpsins.    & a Um61.gr. i    GreininmlirfyrirumhvenrtgefandimeWskrWaskrifstofurkiutanEvr;pskaefna \4 hagssvWisinsen0slandsemheimarki'a geturbeittinnlendumkvWumYessrkisYarsem ' skrWaskrifstofanervarWandirsreikning,rshlutareikningvegnafyrstusexmnaWareikn  ingsrsinsoggreinargerWfrstj;rn.HeimildinerhWYvskilyrWiaWinnlendukvWinsu  hliWstWkvWumlagaumrsreikninga.MeWhliWstWumkvWumerttviWYaukvWi `  rsreikningalagasembyggjasttilskipun2004/109/EB.Aukframangreindsertgefanda S+! heimiltaWbeitainnlendumkvWumhvaWvarWarrshlutareikningvegnafyrstuYriggjaog " fyrstunumnaWareikningsrsinsefYaukvWieruhliWstWkvWumslenskrareglnasem # gildamunduvritgefandinnmeWskrWaskrifstofu0slandi.  $   EfkvWirkisYarsemtgefandiermeWskrWaskrifstofueruekkihliWstWkvWum !W% lagaumrsreikningaskaltgefandigerarsreikning,rshlutareikningvegnafyrstusex J""& mnaWareikningsrsinsoggreinargerWfrstj;rnmeWsamahttiogsambrilegirtgefendur #' meWskrWaskrifstofu0slandi.MeWhliWstWumkvWumerttviWYaukvWirsreikn #( ingalagasembyggjasttilskipunar2004/109/EB. $ )   MatYvhvortkrfursamkvmtkvWumrkisutanEvr;pskaefnahagssvWisinseru v%N!* hliWstWarkvWumlagaumrsreikningaerhndumrsreikningaskrr.MeWhliWstWum A&"+ kvWumerttviWYaukvWirsreikningalagasembyggjasttilskipun2004/109/EB.  '",  '#-   Um62.gr. ( q   0greininnierfjallaWumopinberabirtinguupplUsingaogbyrgWYvaWupplUsingarsu  gerWaropinberar.    kvWi1.mgr.byggist1.mgr.21.gr.tilskipun2004/109/EBentilskipuninsegir a aWeinsaWtgefandiskulibirtaalmenningiEvr;pskaefnahagssvWinuupplUsingarsam T, kvmtkaflanumeinsflj;ttogauWiWerogjafnrWisgrundvelli.FyrirsWeraWEvr;pusam  bandiWmunvntanlegritilskipunsetjannarikvWiumYrlgmarkskrfursemopinber  birtingupplUsingaskaluppfylla.XrreglureruhinsvegarekkikomnarogafYeimskum   geymirfrumvarpiWaWeinsYalmennureglusemframkemurgagnsistilskipuninni.  X kvWi1.mgr.mlirjafnframtfyrirumYskyldutgefandaaWsendaYrupplUsingarsem K #  gerWareruopinberarsamhliWatilFjrmlaeftirlitsins.SkyldanersjlfstWogtengistekki    skyldutgefandatilaWsendaupplUsingartilmiWlgrarvarWveisluskv.63.gr.frumvarpsins.    KomitilYessaWFjrmlaeftirlitiWtilnefniskv.63.gr.aWilatilaWannasthinamiWlgu   varWveislubertgefandaenguaWsWurskyldatilaWsendaupplUsingarsemgerWareru wO  opinberartilFjrmlaeftirlitsinsgrundvelliYessararmlsgreinar.BtgefandaberYskylda B  tilaWsendaupplUsingarnarbWitilFjrmlaeftirlitsinsogYessaWilasemtilnefndurhefur    veriWtilaWannastmiWlguvarWveisluna.     02.mgr.ermltfyrirumheimildFjrmlaeftirlitsinstilaWbirtaYrupplUsingarsem {  gerWarhafaveriWopinberarheimasWusinni.Mlsgreininbyggist1.mgr.19.gr.til nF skipun2004/109/EB. 9   03.mgr.erkveWiWumaWbyrgWYvaWupplUsingarsamkvmt57.!59.gr.suteknar  samanoggerWaropinberarhvlitgefanda&  .kvWiWbyggist7.gr.tilskipunar2004/109/  EB.'  r   Um63.gr. 0 l   kvWiWmlirfyrirumaWYegartgefandibirtirupplUsingaropinberlegasamkvmt  kaflanumskulihannsamtmissendaYrtilFjrmlaeftirlitsins,eWaaWilasemFjrmlaeftir  litiWtilnefnir,tilmiWlgrarvarWveislu.NnarerkveWiWummiWlgavarWveislu136.gr. i frumvarpsinsogvsasttilathugasemdaviWYaWkvWi.SjeinnigathugasemdirmeW2.mgr. \4 62.gr.frumvarpsins.kvWiWbyggist2.mgr.21.gr.tilskipunar2004/109/EB. '   Um64.gr.     0greininnieraWfinnareglurumhvaWatungumlumbirtaeigiupplUsingarsamkvmt `  kaflanum.Greininbyggist20.gr.tilskipunar2004/109/EB. S+!   01.mgr.rWirumtilvikYegarverWbrftgefandahafaeinungisveriWtekintilviWskipta " skipulegumverWbrfamarkaWi0slandi.ViWYraWstWurverWurtgefandiaWbirtaupplUs # ingarsamkvmtkaflanumslenskueWaWruYvtungumlisemFjrmlaeftirlitiWsam  $ Yykkir.kvWiWbyggist1.mgr.20.gr.tilskipunar2004/109/EB. !W%   02.mgr.ertekiWYvtilvikiYegarverWbrftgefandahafaveriWtekintilviWskipta J""& skipulegumverWbrfamarkaWi0slandiogeinueWafleiriaWildarrkjumEvr;pskaefnahags #' svWisins.0fyrstalagiverWurtgefandivalltaWbirtaupplUsingarnarslenskueWaWru #( YvtungumlisemFjrmlaeftirlitiWsamYykkir.0WrulagiverWurtgefandiaWbirtaupplUs $ ) ingarnarannaWhvortenskueWaWruYvtungumlisemlgbrstj;rnvldgistirkjanna v%N!* samYykkjaentgefandigeturvaliWhvorutungumlinuhannbirtirupplUsingarnar.kvWi A&"+  2.mgr.byggist2.mgr.20.gr.tilskipunar2004/109/EB.  '",   03.mgr.ermltfyrirumYaWtilvikYe&   garverWbrftgefandahafaveriWtekintilviWskipta ( skipulegumverWbrfamarkaWieinueW'(ޟ afleirurkiEvr;pskaefnahagssvWinu,Y.e.einu  eWafleirigistirki,enekki0slandi.ReglanersaWtgefandiverWuraWbirtaupplUsingarnar  annaWhvortenskueWaWruYvtungumlisemlgbrstj;rnvldgistirkjannasamYykkja a entgefandigeturvaliWhvorutungumlinuhannbirtirupplUsingarnar.Ennfremurgetur T, FjrmlaeftirlitiW;skaWeftirYvaWtgefandibirtijafnframtupplUsingarnarenskueWaWru  YvtungumlisemeftirlitiWsamYykkir,aWvalitgefanda.kvWi3.mgr.byggist3.mgr.  20.gr.tilskipunar2004/109/EB.     SfyrirvariergerWur4.mgr.aWhafiverWbrftgefandaveriWtekintilviWskiptaskipu  X legumverWbrfamarkaWinsamYykkistgefandahvlakrfur1.!3.mgr.ekkitgefanda K #  heldurYeimaWilasem;skaWhefureftirtkuhlutannatilviWskiptansamYykkistgefanda.    kvWiWbyggist4.mgr.20.gr.tilskipunar2004/109/EB.      & a Um65.gr. wO     kvWiWmlirfyrirumheimildrWherratilaWsetjannarikvWivegnakaflansreglu B  gerW.FyrirsWeraWvntanlegritilskipun'aw munEvr;pusambandiWtfrannarreglurvarW    andiUmiskvWigagnsistilskipunarinnar.0lj;siYessaYykirrttaWveitarWherraheimild   tilaWsetjareglugerWYarsemkvWikaflansverWatfrWnnar,YarmeWalvarWandiYaW {  meWhvaWahttiupplUsingarskuliveraaWgengilegaralmenningi,hvaWakrfursamkvmt nF innlendumkvWumrkisutanEvr;pskaefnahagssvWisinsteljasthliWstWarkvWumlaga 9 umrsreikningaogumframkvmdopinberrarbirtingar.    UmVIII.kafla. r C   0VIII.kaflaerfjallaWumaWrarskyldurtgefandaumveitinguupplUsingaenYrsem e= komaframVII.kafla.XrupplUsingarsemkvWikaflansmlafyrirumaWtgefandi 0 skuliveitaerut.d.viWb;tarupplUsingar,svosemvegnanUrralnaogupplUsingarum  breytingarstofnsamningieWasamYykktum.SmuleiWisgeymirkaflinnkvWierltaaW  upplUsingumsemannarsvegartgefendumhlutabrfaoghinsvegartgefendum& a skuldabrfa i beraWveita.ReglurYessakaflafrumvarpsinsbyggjasteinkum16.!18.gr.tilskipunar \4 2004/109/EB.'a  '   Um66.gr.     0greininnierkveWiWumgildissviWkaflansaWYvervarWartvomismunandih;patgef `  enda,Y.e.tgefendurmeW0slandsemheimarkiogtgefendurmeWheimarkiWrurki S+! Evr;pskaefnahagssvWinuen0slandi. "   02.mgr.ermltsvofyriraWtgefandiverWbrfa,semtekinhafaveriWtilviWskipta # skipulegumverWbrfamarkaWi0slandi,meWheimarkiWrurkiEvr;pskaefnahagssvW  $ inuen0slandi,skuliveitahliWstWarupplUsingarogkaflinnmlirfyrirumsamrmiviW !W% bindandiopinberfyrirmliheimarkissns.MeWYverttviWaWtgefandiskuliveitaupp J""& lUsingarsamrmiviWYaubindandiopinberufyrirmliheimarkissnssembyggjast #' gagnsistilskipuninni.kvWikaflanseigaYvekkiviWumtgefendurmeWheimarkiWru #( rkiEvr;pskaefnahagssvWinuen0slandi. $ )   Um67.gr. A&"+ k   01.mgr.ermltfyrirumundanYgugagnvartverWbrfasj;WumeWafjrfestingarsj;Wum  '", semgefathlutdeildarskrteinieWaslkumsj;WumsemaflaeWarWstafahlutdeildarskrtein '#- um.Mlsgreininbyggist1.mgr.2.gr.tilskipunar2004/109/EB.Efsamitgefandigefur ( teinhverjaraWrartegundirverWbrfaenhlutdeildarskrteiniogYauverWbrferutekintil  viWskiptaskipulegumverWbrfamarkaWiundanYganekkiviW.    02.mgr.ermltfyrirumundanYgugagnvarttgefendumpeningamarkaWsskjalameW a binditmasemerskemmrien12mnuWir.MlsgreininbyggistaliW1.mgr.2.gr.tilskipun T, ar2004/109/EB.EfsamitgefandigefurteinhverjaraWrartegundirverWbrfaenpeninga  markaWsskjlmeWbinditmasemerskemmrien12mnuWirogYauverWbrferutekintilviW  skiptaskipulegumverWbrfamarkaWiundanYganekkiviW.     Um68.gr. K #  S   0greininnierkveWiWumskyldutgefandaverWbrfatilaWbirtaviWb;tarupplUsingar.    Greininbyggist16.gr.tilskipunar2004/109/EB.      Samkvmt1.mgr.skaltgefandiverWbrfantafarbirtaopinberlegaupplUsingarumt   gfunUrralnaogskalgetasrstaklegaumbyrgWireWatryggingarvegnaYeirra.02.mlsl. wO  ergerWundantekningaWYvervarWarrkiEvr;pskaefnahagssvWinu,sveitarflgeWa B  sambrilegsvWis-eWastaWaryfirvldEvr;pskaefnahagssvWinueWaopinberaalYj;Wlega    aWilasema.m.k.eittrkiinnanEvr;pskaefnahagssvWisinsaWildaW.kvWiWbyggist   3.mgr.1.gr.og3.mgr.16.gr.tilskipunar2004/109/EB. {    & a 02.mgr.erreglasemvarWaraWratgefendurentgefendurhlutabrfasemtekinhafa nF veriWtilviWskiptaskipulegumverWbrfamarkaWi.SamkvmtkvWinuhvlirsskylda 9 tg'anP efandaaWbirtantafaropinberlegaupplUsingarumallarbreytingarrttindumhandhafa  verWbrfa,YarmeWalbreytingarskilmlumogskilyrWumverWbrfanna,svosemvegna  breytingalnaskilmlumeWavxtum.&  kvWiWbyggist2.mgr.16.gr.tilskipunar2004/ r 109/EB.'y  e=   03.mgr.ermltsvofyriraWtgefandihlutabrfaskulintafarbirtaopinberlegaupplUs 0 ingarumallarbreytingarrttindumsemfylgjamismunandiflokkumhlutabrfa,Yar  meWalbreytingarrttindumsemfylgjaafleiddumverWbrfumsemtgefandinngefurt  sjlfurogveita&  rtttilaWaflahlutahonum.kvWiWbyggist1.mgr.16.gr.tilskipunar i 2004/109/EB.'}  \4   Loksermltsvofyrir4.mgr.aWbyrgWYvaWupplUsingarskv.1.!3.mgr.suteknar ' samanoggerWaropinberarhvlitgefanda.kvWiWbyggist7.gr.tilskipunarnr.2004/  109/EB.    Um69.gr. S+! T   0kvWinuerufyrirmliumbreytingarstofnsamningieWasamYykktum.Framkemur " aWtgefandiverWbrfasemhyggstgerabreytingarstofnsamningisnumeWasamYykktum # skulisendadrgaWbreytingunumtilFjrmlaeftirlitsinsogskipulegsverWbrfamarkaWarYar  $ semverWbrfhanshafaveriWtekintilviWskipta.DrginskulusendntafareneigisWaren !W% YanndagsemboWaWertilaWalfundarYarsemgreiWaskalatkvWiumbreytingarnareWatil J""& kynnaYr.kvWiWbyggist19.gr.tilskipunar2004/109/EB. #'   Um70.gr. $ ) e   070.gr.erfjallaWumskyldurtgefendagagnvarteigendumhluta.AWsumuleytierum v%N!* aWrWaskyldursemerkveWiWerumgildandilgumenaWaukierlagttilaWnUjarskyldur A&"+  verWilagWartgefandahlutabrfa.Rttindieigendahlutaskv.1.!3.mgr.eruaWmestu  '", tryggWgildandil&   gumnr.2/1995,umhlutaflg.EnguaWsWurYykireWlilegttilrttingar ( aWtakauppfrum'(B varpsgreininaYrskuldbindingarsemleiWaaftilskipun2004/109/EB.    01.mgr.kemurframaWtgefandihlutabrfaskulitryggjajafnrWiallraeigendahluta  smustWuenkvWiWbyggist1.mgr.17.gr.tilskipunar2004/109/EB.Frumvarpsgreinin a nreinungistileigendahlutasemeru?smustWu .AfYessuleiWirm.a.aWekkerterYv T, tilfyrirstWuaWgefnirsutmismunandiflokkarhlutabrfa,t.d.hvaWvarWarmismunrtti  tilaWgreiWaatkvWiflagieWamismunrttitilarWs.ReglanerYvsamrmiviWgildandi  slenskanrtt.XannigermeginreglansaWallirhlutirflagiskulihafajafnanrtt,sbr.20.   gr.laganr.2/1995,umhlutaflg,enheimilteraWvkjafrYeirriregluefmlterfyrirum  X slktsamYykktumflags. K #    Skv.1.mlsl.2.mgr.skaltgefandihlutabrfaekkistandavegifyrirYvaWeigendur    hlutaneytirttindasinnameWYvaWveitaWrumumboW.kvWiW,sembyggist2.mgr.    17.gr.tilskipunar2004/109/EB,ersamrmiviWslenskanrtten81.gr.laganr.2/1995,   umhlutaflg,kemurframaWhluthafigeturltiWumboWsmannskjahluthafafundfyrirsna wO  hnd.02.mlsl.ersfyrirvarigerWuraWstgefandihlutabrfameWskrWaskrifstofuWru B  rkien0slandigildir1.mlsl.ekkinemabindandiopinberfyrirmliYessrkisheimilinotk    unumboWs.     03.mgr.ermltfyrirumaWtgefandihlutabrfaskulitryggjaaWallarupplUsingarsem {  erueigendumhlutanauWsynlegartilaWgetaneyttrttindasinnasuaWgengilegarheimarki nF tgefandans.Xaurttindisemeigendurhlutaeigagagnvarttgefandaerut.d.rtturinntilaW 9 fgreiddanarWogrtturtilaWgetagreittatkvWifundum.GerWerkrafaumaWtgefandi  tryggireiWanleikaframangreindraupplUsinga.LoksermltfyrirumYaWfj;rumtluliWum  hvaWaatriWitgefandiskuli&  einkumtryggjaaWsutilstaWar.Mlsgreininbyggist2.mgr. r 17.gr.tilskipunar2004/109/EB.'  e=   01.tlul.3.mgr.kemurframaWtgefandihlutabrfaskuliupplUsaeigendurhlutaum 0 staWsetningu,tmaogdagskrhluthafafundarsamtupplUsingumumheildarfjldahlutaog  atkvWisrtta,ogrtthluthafatilaWtakaYttfundinum.ReglurumfundarboWeraWfinna  88.gr.laganr.2/1995,umhlutaflg,enYarerhinsvegarekkikveWiWsrstaklegaum i nauWsynupplUsingaumheildarfjldahlutaogatkvWisrtta.TluliWurinnbyggistaliW2. \4 mgr.17.gr.tilskipunar2004/109/EB. '   02.tlul.3.mgr.erkvWisembyggistbliW1.mgr.17.gr.tilskipunar2004/109/EB.  FramkemuraWeigiaWnUtaumboWhluthafafundiskulitgefandijafnframtgeraYeim  aWilumsemrtteigiaWgreiWaatkvWifundinumaWgengilegtumboWseyWublaWpappr `  eWameWrafrnumhtti.0lgumnr.2/1995,umhlutaflg,erekkiaWfinnalagaskylduaf S+! Yessutagienafturm;tierhluthafafundiheimiltaWtakakvrWunumnotkunrafrnna " skjalasamskiptaografp;stssamskiptummilliflagsinsoghluthafaYessstaWYessaWsenda # eWaleggjaframskjl,rituWpappr,sbr.80.gr.blaganna.  $   03.tlul.3.mgr.erlagttilaWtgefandahlutabrfaverWigertskyltaWtilnefnafjrmla !W% fyrirtki,eWafyrirtkitengtfjrmlasviWi,semumboWsmannsinn.HlutverkumboWsmanns J""& eraWhafamillignguumaWeigendurhlutagetineyttfjrhagslegrarttindasinnatgefand #' anum,t.d.arWsthlutuno.fl.EkkihefurveriWaWfinnareglusemYessaslenskumrtti.Tlu #( liWurinnbyggistcliW2.mgr.17.gr.tilskipunar2004/109/EB. $ )   04.tlul.3.mgr.ermltfyrirumaWtgefandihlutabrfaveitiupplUsingar,svosemmeW v%N!* dreifibrfieWaauglUsingu,umthlutunoggreiWsluarWsogtgfunUrrahluta,Y.m.t.upplUs A&"+  ingarumfyrirkomulagthlutunar(e.allotment),skriftar(e.subscription),afturkllunar(e.  '", cancell&   ation)eWabreytirttar(e.conversion).TluliWurinnbyggistdliW2.mgr.17.gr. ( tilskipu'(S nar2004/109/EB.    FyrirsWeraWvntanlegritilskipunmunEvr;pusambandiWsetjannarireglurumYaW  hvaWaaWilargetiveriWumboWsmennsamkvmtfyrirmlum3.tlul.3.mgr.AfYeimskum a erlagttilaWrWherraverWiveittheimild76.gr.frumvarpsinstilaWsetjannarikvWium T, YettareglugerW.    Um71.gr.      071.gr.erfjallaWumUmsarskyldurtgefendaskuldabrfagagnvarthandhfumbrfanna  X ogerumaWrWanUmlislenskumrtti. K #    01.mgr.eraWfinnaskilgreininguhugtakinuskuldabrfsamkvmtgreininni.Xarkemur    framaWskuldabrfmerkiYessarigreinskuldaviWurkenningueWaskuldsamkvmtannars    konarverWbrfumenfrYessuerugerWartvrundantekningar.0fyrstalagifallautanhug   taksinsskuldabrfYessarigreinverWbrfsemjafnamtilhlutafyrirtkjumeWasemgeta wO  afsrrtttilaWaflahlutaeWaverWbrfasemjafnamtilhlutaefYeimerumbreytteWaef B  rttindumsamkvmtYeimerbeitt.SemdmiumfjrmlagerningaafYessutagimnefna    brWabirgWaskrteiniogskriftarrtt.0WrulagifallautanhugtaksinsskuldabrfYessari   greinpeningamarkaWsskjlmeWbinditmasemerskemmrien12mnuWir. {    02.mgr.erreglasemtryggirjafnrWihandhafaskuldabrfaenkvWiWbyggist1.mgr. nF 18.gr.tilskipunar2004/109/EB.XannigbertgefandaskuldabrfaaWtryggjaaWallirhand 9 hafarskuldabrfasemmetinerujafngildnj;tismumeWferWaraWYvervarWarrttindisem  skuldabrfunumfylgja.XaWerYvskilyrWiaWbrfinsumetinjafngild,Y.e.gefintsamtmis  ogmeWsmuskilmlum.ReglankemurYv&  ekkivegfyriraWgefinverWitskuldabrfmeW r mismunandiskilmlum,t.d.varWandivexti.'  e=   01.mlsl.3.mgr.erkveWiWsvoaWtgefandiskuldabrfaskuliekkistandavegifyrir 0 YvaWhandhafarskuldabrfannaneytirttindasinnameWYvaWveitaWrumumboW.kvW  iWbyggist2.mgr.18.gr.tilskipunar2004/109/EB.HelstreynirumboWafYessutagi  fundumsemhaldnirerumeWhandhfumbrfannaskv.4.mgr.frumvarpsgreinarinnar.02. i mlsl.ersfyrirvarigerWuraWstgefandiskuldabrfameWskrWaskrifstofuWrurkien \4 0slandigildi1.mlsl.ekkinemabindandiopinberfyrirmliYessrkisheimilinotkunum ' boWs.    04.mgr.erkveWiWumYaWtilhvaWaatriWatgefandiskuldabrfaskuliltaefhann  kveWuraWhaldafundmeWhandhfumskuldabrfa.kvWiWbyggista-ogbliW2.mgr. `  18.gr.tilskipunar2004/109/EB.0slenskumrttierekkiaWfinnareglurumfundiafYessu S+! tagi.kvWiWfelurekkisrneinaskyldutgefandatilaWhaldafundiheldurgeymirYaW " fyrirmliumhvaWaatriWaberiaWgtaYegarboWaWertilfundar.0fyrstalagiverWurtgef # andiskuldabrfa,semkveWuraWhaldafundmeWhandhfumskuldabrfanna,aWveitaYeim  $ upplUsingar,svosemmeWauglUsingueWadreifibrfi,umstaWsetningu,tmaogdagskr !W% fundarinssamtupplUsingumumhvaWakrfumhandhafarnirYurfiaWfullngjatilaWmega J""& takaYttfundinum.SemdmimnefnaaWeigandiskuldabrfsverWuraWveraskrWureig #' andiYesstilteknutmamarkieWatilkynnaumYaWfyrirfram.0WrulagiverWurtgefandi #( aWgeraumboWseyWublaWaWgengilegtpappreWameWrafrnumhttifyrirYsemeigartt $ ) aWgreiWaatkvWifundinum,annaWhvorttengslumviWauglUsingufundarinseWasam v%N!* kvmtbeiWnieftiraWfundurinnhefurveriWauglUstur.EfskriflegtfundarboWersentt A&"+ verWurumboWseyWublaWaWfylgjafundarboWinu.EfhinsvegarerboWaWtilfundarmeWal  '", mennritilkynninguverWurumboWseyWublaWiWaWfylgjatilkynningunni. '#-   Samkvmt5.mgr.skaltgefandiskuldabrfa,svosemmeWauglUsingueWadreifibrfi, ( upplUsahandhafaskuldabrfaumgreiWsluvaxta,umframkvmdhverskonarbreytirttar  (e.conversion),skipta(e.exchange),skriftar(e.subscription)eWaafturkllunar(e.cancella  tion)rttindumoggreiWslu.kvWiWbyggistaliW2.mgr.18.gr.tilskipunar2004/109/ a EB. T,   06.mgr.erkvWisembyggistaliW2.mgr.18.gr.tilskipunar2004/109/EB.Xarkemur  framaWtgefandiskuldabrfaskulitilnefnafjrmlafyrirtki,eWafyrirtkitengtfjrmla  sviWi,semumboWsmannsinn.XaWersvohlutverkYessaumboWsmannsaWhafamilligngu   umaWhandhafarskuldabrfagetineyttfjrhagslegrarttindasamkvmtskuldabrfunum.  X   07.mgr.ergerWundantekningfrfrumvarpsgreininniaWYvervarWarskuldabrfsem K #  gefinerutafrkiEvr;pskaefnahagssvWinu,sveitarflagieWasambrilegusvWis-eWa    staWaryfirvaldiEvr;pskaefnahagssvWinu.kvWiWbyggist3.mgr.1.gr.tilskipunar    2004/109/EB.     & a Um72.gr. B     072.gr.ersrreglasemtekurannarsvegartiltgefendahlutabrfaoghinsvegartiltgef    endaverWbrfameWskrWaskrifstofurkiutanEvr;pskaefnahagssvWisins.'aB      01.mgr.kemurframaWtgefandihlutabrfameWskrWaskrifstofurkiutanEvr;pska {  efnahagssvWisinsYarfekkiaWfaraeftir70.gr.efhannuppfyllirkrfurbindandiopinberra nF fyrirmlaYvrkiYarsemhannermeWskrWaskrifstofuogfyrirmlineruhliWstWkvW 9 um70.gr.MeWhliWstWumkvWumerjafnframtttviWkvWinsuhliWstWkvWum  tilskipunar2004/109/EBendabyggist70.gr.kvWumtilskipunarinnar.Mlsgreinin  byggist1.mgr.23.gr.tilskipunarnr.2004/109/EB.HeimiltverWuraWsetjannarikvWi r umskilyrWiYessararundantekningarreglugerW,sbr.76.gr.frumvarpsins. e=   Samkvmt2.mgr.YarftgefandiskuldabrfameWskrWaskrifstofurkiutanEvr;pska 0 efnahagssvWisinsekkiaWfaraeftir71.gr.efhannuppfyllirkrfurbindandiopinberrafyrir  mlaYvrkiYarsemhannermeWskrWaskrifstofuogfyrirmlineruhliWstWkvWum  71.gr.MeWhliWstWumkvWumerjafnframtttviWkvWinsuhliWstWkvWumtil i skipunar2004/109/EBendabyggist71.gr.kvWumtilskipunarinnar.Mlsgreininbyggist \4 1.mgr.23.gr.tilskipunarnr.2004/109/EB.HeimiltverWuraWsetjannarikvWiumskil ' yrWiYessararundantekningarreglugerW,sbr.76.gr.frumvarpsins.    03.mgr.ermltsvofyriraWYaWverWivaldiFjrmlaeftirlitsinsaWmetahvortkrfur  samkvmtbindandiopinberumfyrirmlumrkisutanEvr;pskaefnahagssvWisinssuhliW `  stWarkvWum70.og71.gr. S+!   Um73.gr. #    0greininnierfjallaWumskyldutgefandatilopinberrarbirtingarupplUsinga.  $   kvWi1.mgr.byggist1.mgr.21.gr.tilskipun2004/109/EB.kvWitilskipunarinnar !W% segiraWeinsaWtgefandiskulibirtaalmenningiEvr;pskaefnahagssvWinuupplUsingar J""& samkvmtkaflanumeinsflj;ttogauWiWerogjafnrWisgrundvelli.FyrirsWeraWEvr;pu #' sambandiWmunvntanlegritilskipunsetjannarireglurumYrlgmarkskrfursemopin #( berbirtingupplUsingaskaluppfylla.XrreglurhafaekkiennveriWsettarogafYeimskum $ ) geymirfrumvarpiWaWeinsYalmennureglusemframkemurgagnsistilskipuninni. v%N!* kvWi1.mgr.mlirjafnframtfyrirumYskyldutgefandaaWsendaYrupplUsingarsem A&"+ gerWareruopinberarsamhliWatilFjrmlaeftirlitsins.SkyldanersjlfstWogtengistekki  '", skyldutgefandatilaWsendaupplUsingartilmiWlgrarvarWveislu,skv.74.gr.frumvarpsins. '#- KomitilYessaWFjrmlaeftirlitiWtilnefniskv.74.gr.aWilatilaWannasthinamiWlguvarW ( veislubertgefandaenguaWsWurskyldatilaWsendaupplUsingarsemgerWareruopinberar  tilFjrmlaeftirlitsinsgrundvelliYessararmlsgreinar.BtgefandaberYskyldatilaWsenda  upplUsingarnarbWitilFjrmlaeftirlitsinsogYessaWilasemtilnefndurhefurveriWtilaW a annastmiWlguvarWveisluna. T,   02.mgr.ermltfyrirumheimildFjrmlaeftirlitsinstilaWbirtaYrupplUsingarsem  gerWarhafaveriWopinberarheimasWusinni.Mlsgreininbyggist1.mgr.19.gr.tilskip  un2004/109/EB.     Um74.gr. K #  k   kvWiWmlirfyrirumaWYegartgefandibirtirupplUsingaropinberlegasamkvmt    kaflanumskulihannsamtmissendaYrtilFjrmlaeftirlitsins,eWaaWilasemFjrmlaeftir    litiWtilnefnir,tilmiWlgrarvarWveislu.NnarerkveWiWummiWlgavarWveislu136.gr.   frumvarpsinsogvsasttilathugasemdaviWYaWkvWi,sj&  einnigathugasemdirviW2.mgr. wO  73.gr.frumvarpsins.kvWiWbyggist2.mgr.21.gr.tilskipun2004/109/EB.'wv  B    Um75.gr.   <   0greininnieraWfinnareglurumhvaWatungumlumbirtaeigiupplUsingarsamkvmt {  kaflanum.Greininbyggist20.gr.tilskipunarnr.2004/109/EB. nF &    01.mgr.rWirumtilvikYegarverWbrftgefandahafaeinungisveriWtekintilviWskipta 9 skipulegum'9O verWbrfamarkaWi0slandi.ViWYraWstWurverWurtgefandiaWbirtaupplUs  ingarsamkvmtkaflanumslenskueWaWruYvtungumlisemFjrmlaeftirlitiWsam  Yykkir.kvWiWbyggist1.mgr.20.gr.tilskipunar2004/109/EB. r   02.mgr.erfjallaWumYaWYegarverWbrftgefandahafaveriWtekintilviWskiptaskipu e= legumverWbrfamarkaWi0slandiogeinueWafleiriaWildarrkjumEvr;pskaefnahags 0 svWisins.0fyrstalagiverWurtgefandivalltaWbirtaupplUsingarnarslenskueWaWru  YvtungumlisemFjrmlaeftirlitiWsamYykkir.0WrulagiverWurtgefandiaWbirtaupplUs  ingarnarannaWhvortenskueWaWruYvtungumlisemlgbrstj;rnvldgistirkjanna i samYykkjaentgefandigeturvaliWhvoru&  tungumlinuhannbirtirupplUsingarnar.kvWi \4 2.mgr.byggist2.mgr.20.gr.tilskipunar2004/109/EB.'\8  '   03.mgr.ermltfyrirumYaWtilvikYegarverWbrftgefandahafaveriWtekintilviWskipta  skipulegumverWbrfamarkaWieinueWafleirurkiEvr;pskaefnahagssvWinu,Y.e.einu  eWafleirigistirki,enekki0slandi.ReglanersaWtgefandiverWuraWbirtaupplUsingarnar `  annaWhvortenskueWaWruYvtungumlisemlgbrstj;rnvldgistirkjannasamYykkja S+! entgefandigeturvaliWhvorutungumlinuhannbirtirupplUsingarnar.Ennfremurgetur " FjrmlaeftirlitiW;skaWeftirYvaWtgefandibirtijafnframtupplUsingarnarenskueWaWru # YvtungumlisemeftirlitiWsamYykkir,aWvalitgefanda.kvWi3.mgr.byggist3.mgr.  $ 20.gr.tilskipunar2004/109/EB. !W%   SfyrirvariergerWur4.mgr.aWhafiverWbrftgefandaveriWtekintilviWskiptaskipu J""& legumverWbrfamarkaWinsamYykkistgefandahvlakrfur1.!3.mgr.ekkitgefanda #' heldurYeimaWilasem;skaWhefureftirtkubrfannatilviWskiptansamYykkistgefanda. #( kvWiWbyggist4.mgr.20.gr.tilskipunar2004/109/EB. $ )   05.mgr.eraWfinnaundanYgufr1.!4.mgr.vegnaverWbrfaefnafnverWeiningaYeirra v%N!* varaWminnstakostijafngilt4,6millj.kr.(50.000evrum)YegarYauvorutekintilviWskipta A&"+ skipulegumverWbrfamarkaWieWatilvikiskuldabrfaefnafnverWeiningaYeirravart  '", gfudegibrfannaa.m.k.jafngilt4,6millj.kr.(50.000evrum).0Yeimtilvikumertgefanda, '#- eWaYeimaWilasem;skaWhefureftirtkubrfannatilviWskiptansamYykkistgefanda, ( heimiltaWbirtaupplUsingarsamkvmtkaflanumenskueWaWrutungumlisemlgbr  stj;rnvldheimarkisoggistirkjasamYykkja,aWvalitgefanda.Mlsgreininbyggist6.  mgr.20.gr.tilskipunar2004/109/EB. a   Um76.gr.  \   kvWiWmlirfyrirumheimildrWherratilaWsetjannarikvWiumefnikaflans  reglugerW.FyrirsWeraWvntanlegritilskipunmunEvr;pusambandiWtfrannarreglur   varWandiUmiskvWigagnsistilskipunarinnar.0lj;siYessaYykirrttaWveitarWherra  X heimildtilaWsetjareglugerWnnarikvWiumefnikaflans,YarmeWalvarWandiYrfjr K #  mlastofnanirsemgeraeigendumhlutaoghandhfumskuldabrfakleiftaWneytafjrhags    legrahagsmunasinna,umundanYguheimildirogumframkvmdopinberrarbirtingar.      & a UmIX.kafla. wO     0kaflanumerureglurumtilkynningarskylduviWbreytinguverulegumhlutatkvWis B  rttareWasvokallaWarflggunarreglur.'aw ReglurnarvarWaupplUsingaskyldufjrmlamarkaWi    ogstuWlaaWvitneskjuumYsemrWayfirverulegumatkvWisrttiogerulklegirtilaWhafa   hrifstj;rnunflaga.NgildandiflggunarreglureraWfinnaV.kaflalaganr.33/2003, {  umverWbrfaviWskipti,ogIV.kaflareglugerWarnr.433/1999,umupplUsingaskyldutgef nF enda,kauphallaraWilaogeigendaverWbrfasemskrWerukauphll.ReglurYessakafla 9 frumvarpsinsbyggjast9.!15.gr.tilskipunar2004/109/EB.    Um77.gr. r (   0kvWinuergildissviWIX.kaflaumflggunafmarkaW. e=   01.mgr.ermltsvofyriraWkvWikaflansgildiumhlutihlutaflgummeWskrWa 0 skrifstofu0slandisemgefathlutabrfsem&  tekinhafaveriWtilviWskiptaskipulegum  verWbrfamarkaWiEvr;pskaefnahagssvWinu.'!     &  02.mgr.ermltfyrirumaWkvWikaflansgildieinnigumhlutitgefendummeW i skrWaskrifstofurki'@" utanEvr;pskaefnahagssvWisinssemgefathlutabrfsemtekinhafa \4 veriWtilviWskiptaskipulegumverWbrfamarkaWiEvr;pskaefnahagssvWinu,ef ' viWkomanditgefandaberskyldatilaWsendarlegaskUrsluvegnahlutannatil  Fjrmlaeftirlitsinsskv.48.gr.SkyldatgefandatilaWsendarlegaskUrslutil  FjrmlaeftirlitsinsvegnahlutabrfannamerkiraWtgefandinn0slandsemheimarki `  skilningigagnsistilskipunarinnar,sbr.einnig2.mgr.3.gr.HrernotaWorWiWtgefandien S+! kvWiWfelursrtilvsuntilerlendralgaWila(flaga).XaWrWstaflggjfviWkomandi " rkishvertheitislkralgaWilaer. #   AffyrirmlumaliWar2.mgr.3.gr.tilskipunar2004/109/EBleiWiraW;heimilteraWgera  $ strangarikrfurtiltgefendasemerumeWskrWaskrifstofurkiEvr;pskaefnahags !W% svWinuWruen0slandienafkvWumtilskipunar2004/109/EBleiWir.Xessumtgefendum J""& ogaWilumsemverWaflggunarskyldirvegnaYeirraberYvaWfaraaWflggunarreglum #' heimarkisviWkomanditgefanda.MeWYverttviWaWveitaskuliupplUsingarsamrmi #( viWYaubindandiopinberufyrirmliheimarkistgefandanssembyggjasttilskipun2004/ $ ) 109/ EB.XarafleiWandifelur3.mgr.sraWkvWiIX.kaflafrumvarpsinsgildaekkium v%N!* tgefendurmeWskrWaskrifstofurkiEvr;pskaefnahagssvWinuWruen0slandi. A&"+    '",   Um& ,  78.gr. ( [*   kvWiWgeymirYgrundvallarregluaWeigandaberiaWtilkynnaumfluneWarWstfun  hlutumtgefandahlutabrfaefsrWstfunleiWirafsraWatkvWisrtturhansnr,  hkkaryfireWalkkarniWurfyrirtiltekin',(j* mrk. a   kvWi1.mgr.byggist1.mgr.9.gr.tilskipunar2004/109/EB.0Yessarimlsgreiner T, lagttilgrundvallaraWYegareigandiaflareWarWstafarhlutumtgefanda,semteknirhafa  veriWtilviWskiptaskipulegumverWbrfamarkaWi,skulisendatilkynningutilviWkomandi  tgefandaogFjrmlaeftirlitsinsefflunineWarWstfuninleiWirafsraWatkvWisrttur   hansnr,hkkaryfireWalkkarniWurfyrireitthverteftirtalinnamarka:5,10,15,20,25,  X 30,35,40,50,66^ 6K #2K #^ 66 6 m m 8 K #3K #8 og90%.EinnigkemurframaWtilkynningunaskulisendameWsannanleg K #  umhttienhanamsendahvortheldurskriflegaeWameWrafrnumhtti.Af2.mgr.32.    gr.laganr.33/2003,umverWbrfaviWskipti,leiWiraWflggunarskyldastofnastsamkvmt    gildandirttiYegaraWilinrverulegumhluthlutaflagienskv.1.mgr.32.gr.lagannaer   meWverulegumhlutttviW5%atkvWisrttareWanafnverWshlutafjr,ogmargfeldiYaraf, wO  alltaW90%.0frumvarpinuerYvlagttilaWmrkflggunarskyldusu;breyttbilinu B  5!40%.Afturm;tierlgWtilsbreytingfrgildandirttiaWflggunarskyldastofnastekki    viW45,55,60,65,70,75,80og85%mrkin,enlagtertilaWflaggaWverWiviW66  2  oo  3  %mrk   atkvWisrttarendaerskyltsamkvmttilskipun2004/109/EBaWflaggaannaWhvortviW {  66YnF2nFY11[3nF3nF[3%eWa75%mrkin.HelsturkinfyrirYeimmrkumsemfrumvarpiWleggurtileruYau nF aWskv.1.og2.mgr.9.gr.tilskipunar2004/109/EBmiWastflggunarskyldaviW5,10,15, 9 20,25,30(eWa331] ]  3),75(eWa662b b  3)og90%atkvWisrttar.RttYykiraWslenskurrtturs  aWYessuleytisemmestusamrmiviWEvr;purtt.SmunurerY;frumvarpsgreininniog  tilvitnuWukvWitilskipunarinnaraWtilkynningarskyldastofnasteinnigYegarhlutursem r atkvWisrtturfylgirhkkareWalkkarniWurfyrir35%og40%mrkin.stWanersaW e= skv.37.gr.laganr.33/2003,umverWbrfaviWskipti,myndastskyldatilyfirtkutilboWs 0 hlutaflagi,semfengiWhefurskrningufyrireinneWafleiriflokkahlutabrfaskipulegum  verWbrfamarkaWi,YegaraWilihefur,beinteWa;beint,eignast40%atkvWisrttarflagi.0  frumvarpiYessueruekkirWgerWarneinarbreytingarYesumreglumogmiWastskyldatil i aWgerayfirtkutilboWYvframviW40%atkvWisrttar. \4   Af1.mgr.leiWiraWflggunarskyldastofnasteinungisYegarumeraWrWahlutisemat ' kvWisrtturfylgirensreglaersamrmiviW1.mgr.9.gr.tilskipunar2004/109/EB.Er  YaWbreytingfrgildandirttienekkierlengurgertrWfyriraWflggunarskyldastofnistviW  breytingarnafnverWihlutafjr,einsog31.gr.ngildandilagaumverWbrfaviWskiptikveWur `  um,efbreytingunumfylgjaekkijafnframtbreytingaratkvWisrtti. S+!   0lokamlsliW1.mgr.erhugtakiWeigandiskilgreintoggerWgreinfyrirYvaWmeWeiganda " sttviWsrhverneinstaklingeWalgaWila,semferbeinteWa;beintmeWhlutitgefanda # eiginnafniogfyrireiginreikning,hlutitgefandaeiginnafnienfyrirhndannarsein  $ staklingseWalgaWila,eWaheimildarskrteini(e.depositoryreceipts),enYeimtilvikumtelst !W% handhafiheimildarskrteinisinseigandiYeirrahlutasemheimildarskrteiniWstendurfyrir. J""& FramangreindskilgreiningbyggisteliW1.mgr.2.gr.tilskipunar2004/109/EB. #'   EinsWursagWiermeginregla1.mgr.saWflggunarskyldastofnastaWeinsYegarumer #( aWrWahlutisematkvWisrtturfylgir.XarafleiWandistofnastflggunarskyldaeinungisef $ ) aWili,semferbeinteWa;beintmeWhlutitgefandaeiginnafnienfyrirhndYriWjaaWila, v%N!* fersjlfurmeWyfirrWatkvWisrttarins.llumliskiptiraWyfirrWatkvWisrttarinssu A&"+  hjYeimaWilasemfermeWhlutinaeiginnafnijafnvelY;ttYaWsfyrirhndYriWjaaWila.  '", Samagildirtilvikiheimildars&   krteina,Y.e.handhafiYeirraereinungistilkynningarskyldur ( efhannfermeWatkvWisrtt.'(B     MeWorWunum?fer8;beintmeW8 skilgreiningunnieigandaerttviWaWaWilitelst  ;beinneigandihlutaeWaheimildarskrteinasemaWilarsemerufjrflagiviWviWkomandi a eWatengdirhonumfjrhagslegafarameW.AWilarsemteljastfjrhagslegatengdiraWilaeru T, t.d.maki,makistaWfestrisamvisteWasambWarmaki,;fjrrWabrn,kjrbrnogstjpbrn  heimiliviWkomandiaWilaeWannurskyldmennisembaheimiliviWkomandiaWilaog  hafabiWheimilimeWhonumaWminnstakostieittr.     kvWi2.mgr.byggist2.mgr.9.gr.tilskipunarnr.2004/109/EB.XarkemurframaW  X verWibreytingaratkvWisrttiaWilavegnaYessaWtgefandihkkareWalkkarhlutafsitt, K #  atkvWumfjlgareWafkkareWaaWrarbreytingarverWaskiptinguatkvWisrttarskuliviW    komandieigandisendatilkynningutiltgefandaogFjrmlaeftirlitsinsleiWibreytingarnar    tilYessaWatkvWisrtturhansnr,hkkaryfireWalkkarniWurfyrireitthvertYeirramarka   semtalineruupp1.mgr.AfYessariregluleiWiraWaWiligeturorWiWflggunarskyldurvegna wO  tiltekinnaaWgerWahlutaflagssemhannhlutimeWsamahttioghefWihannsjlfurfrum B  kvWiaWkaupumhlutumeWaannarskonaraWilaskiptumsemkynnuaWveraflggunar    skyld.SemdmimnefnaaWatkvWisrtturgeturbreystviWtgfunUrrahlutaeWaeftir   atvikumlkkunhlutafjr. {  &    Samkvmt3.mgr.gildirsreglaaWreiknaskaltatkvWisrttgrundvelliallrahluta nF sematkvWisrttifylgja,'nFK jafnvelY;ttnUtinghansfalliniWur.XaraWaukiskalatkvWisrttur 9 reiknaWurtgrundvelliallrahlutasamaflokkisematkvWisrtturfylgir,jafnvelY;ttnUt  inghansfalliniWur.Mlsgreininbyggist1.mgr.9.gr.tilskipunar2004/109/EB.    Um79.gr. e= aM   0YessarigreinermltfyrirumaWflggunarskyldaskv.78.gr.gildieinnigumaWilasem 0 rttaWafla,rWstafaeWaneytaatkvWisrttarvegnannartilgreindrakringumstWnasem  sWanerlUst1.!8.tluliW.kvWiWtekurtilhverskonarsamsetningaafgreindumkringum  stWum.GreininkemurstaW33.gr.ngildandilaga.AWnokkruerusmuviWmiWlgWtil i grundvallarenorWalagoguppsetningerWruvsi.SkoWaverWurfrumvarpsgreininalj;si \4 YessaWUmsiraWrireneigendurhlutahlutaflagigetahafthrifkvarWanatkuflaginu, ' t.d.aWilisemfengiWhefurumboWtilYessaWneytaatkvWisrttarfyrirhndeigandahluta  hlutaflagi.XaurksembaaWbakiflggunarskylduleiWatilYessaWhorfaverWurtilyfir  rWarttarannarraeneigendahlutayfiratkvWisrttiYeimsemhlutunumfylgir. `    kvWi1.tlul.byggistaliW10.gr.tilskipunar2004/109/EBogkemurstaW4.tlul. S+! 33.gr.ngildandilaga.TluliWurinntekurYeimaWstWumYegarflggunarskylduraWili " telsthafayfirrWyfiratkvWisrttisemYriWjiaWilifermeWvegnaYessaWaWilarnirhafagert # meWsrsamkomulagsemskyldarYtilaWtakaupp,meWsamrmdribeitinguatkvWisrttar  $ sns,varanlegaogsameiginlegastefnuumstj;rnhlutaWeiganditgefanda. !W%   kvWi2.tlul.byggistbliW10.gr.tilskipunar2004/109/EBogkemurstaW5.tlul. J""& 33.gr.ngildandilaga.TluliWurinntekurYeimaWstWumerflggunarskylduraWilihefur #' yfirrWyfiratkvWisrttinum,YrttfyriraWhafarWstafaWhonumtmabundiWtilYriWjaaWila. #(   kvWi3.tlul.byggistcliW10.gr.tilskipunar2004/109/EBogkemurstaW6.tlul. $ ) 33.gr.ngildandilaga.TluliWurinnfjallarumYaWerflggunarskylduraWilihefuryfirrW v%N!* yfiratkvWisrttihlutasemhannhefurtekiWaWveWieWafengiWsemtryggingu,oglUsirYv A&"+ yfiraWhannhyggistneytaatkvWisrttarins.XraWstWursemliWnumerm.a.tlaWaWn  '", yfirerusvoklluWendurhverfverWbrfaviWskipti(e.repurchaseagreement!repo)ogverW '#- brfaln(e.securitieslending)aWuppfylltumskilyrWumtluliWarins.Samkvmt3.tlul.er ( veWhafinnekkiflggunarskyldurvegnahlutasemhannhefurtekiWaWveWimeWYessum  htti,gegnyfirlUsinguumaWhannhyggistekkinotfrasrrttinn,eWaefhannhefur  framseltatkvWisrttinntilt.d.lntakans.HafaberY;hugaaWYaWerveWhafinnsemer a skrWureigandihlutannahlutaskrviWkomandiflags. T,   kvWi4.tlul.byggistdliW10.gr.tilskipunar2004/109/EBogkemurstaW7.tlul.  33.gr.ngildandilaga.TluliWurinntekurYeimaWstWumYegarflggunarskylduraWili  hefuryfirrWyfiratkvWisrttisamkvmtsamkomulagiumlfstWarbundinrttindi(e.life   interest).MeWlfstWarbundnumrttindumereinkumttviWaWaWilifarimeWhlutisemat  X kvWisrtturfylgirsvolengisemviWkomandiaWilisjlfureWaannarnafngreinduraWililifir. K #    kvWi5.tlul.byggisteliW10.gr.tilskipunar2004/109/EBogkemurstaW3.tlul.    33.gr.ngildandilaga.0tluliWnumerkveWiWumYaWYegarflggunarskylduraWilitelst    hafayfirrWyfiratkvWisrttisemd;tturflghansfarameWeWaeigarttaWneytagrund   velli1.!4.tlul.0tluliWnumernotaWhugtakiWd;tturflagenmeWYverttviWflagundir wO  yfirrWumskilningilagaumrsreikninga.05.og6.tlul.2.gr.laganr.3/2006,umrs B  reikninga,ergerWnkvmgreinfyrirYvhvenrflagtelstundiryfirrWum,ogvsastnnar    tilkvWaYeirralaga.UmhugtakiWd;tturflagvsastjafnframttil2.gr.laganr.2/1995,um   hlutaflg,enYarsegiraWefhlutaflagsvomikinnhlutahlutafjrinsWruhlutaflagieWa {  einkahlutaflagiaWYaWfermeWmeirihlutaatkvWaflaginu,YtelstfyrrnefndaflagiW nF m;WurflagenhiWsWarnefndad;tturflag. 9   kvWi6.tlul.byggistfliW10.gr.tilskipunar2004/109/EBogkemurstaW9.tlul.  33.gr.ngildandilaga.TluliWurinnmlirfyrirumYaWhvaWareglurgildaYegarflggunar  skylduraWili&  ԀtelsthafayfirrWyfiratkvWisrttisemfylgirhlutumsemhannvarWveitir,ef r hanngeturneyttatkvWisrttarinsberistekkisrstkfyrirmlifreigendumhlutanna.'c  e=   kvWi7.tlul.byggistgliW10.gr.tilskipunar2004/109/EBogkemurstaW2.tlul. 0 33.gr.ngildandilaga.TluliWurinntekurYeimaWstWumYegarflggunarskylduraWili  telsthafayfirrWyfiratkvWisrttisemYriWjimaWurfermeWeiginnafniefYriWjimaWurfer  meWatkvWisrttinafyrirhndviWkomandiaWila.Af1.mgr.78.gr.leiWiraWaWilisemfer i beinteWa;beintmeWhlutitgefandaeiginnafnienfyrirhndYriWjaaWilatelsteigandi \4 hlutannaoggeturorWiWflggunarskyldur.MunurinnYessumkvWumliggurYvaW1. ' mgr.78.gr.hefurssemfermeWhlutinaeiginnafnienfyrirhndannarsyfirrWinyfirat  kvWisrttinumen7.tlul.hefursyfirrWinyfiratkvWisrttinumsemf;lYriWjaaWilaaW  farameWhanneiginnafni. `    kvWi8.tlul.byggisthliW10.gr.tilskipunarnr.2004/109/EBogernUmli.Tlu S+! liWurinntekurYeimaWstWumYegarflggunarskylduraWilitelsthafayfirrWyfiratkvWis " rttisemhannfermeWsemumboWsmaWur,aWYvtilskilduaWhanngetineytthanssamkvmt # eiginkvrWunberistekkisrstkfyrirmlifreigendumhlutanna.  $   Um80.gr. J""& j   0YessarigreinermltfyrirumaWflggunarskyldaskv.78.gr.gildieinnigumaWilasem #' fermeWbeinumeWa;beinumhttimeWfjrmlagerningskv.a-ogd!hliWum2.tlul.1. #( mgr.2.gr.,aWYvtilskilduaWviWkomandifjrmlagerningurveitihonum,eingnguaWeigin $ ) kvrWun,samkvmtformlegusamkomulagi,rtttilaWaflahlutasematkvWisrtturfylgir v%N!* ogYegarhafaveriWgefnirthlutaflagisemfellurundir1.eWa2.mgr.77.gr.Afreglunni A&"+ leiWiraWflggunarskyldastofnastYegarformlegtsamkomulaghefurveriWgertumfjrmla  '", gerningsemkvWiWtekurtil.SmuleiWisleiWirafreglunniaWviWmatYvhvortflggunar '#- skyldahefurstofnastverWuraWleggjasamanatkvWisrttviWkomandiaWilasamkvmtfjr ( mlagerningumogatkvWisrtthanssamkvmthlutumYeimtgefandasemfjrmlagern  ingarnirstafafr.    02.mgr.kemurframaWflggunarskyldaskv.78.gr.stofnasteinnigYegarrttursam a kvmtfjrmlagerningumskv.1.mgr.ernUtturtilflunarhluta,efnUtinginleiWirafsraW T, atkvWisrtturviWkomandinreWahkkaryfirmrk1.mgr.78.gr.XerrttaWsWari  mlsl.aWreglangildiY;ttflunfjrmlagerningsinshafiYegarveriWtilkynntskv.1.mgr.    TilaWsetja1.og2.mgr.samhengi,YleiWir,einsogWursagWi,af1.mgr.aWflggunar   skyldageturstofnastY;aWeinungissumaWrWafjrmlagerningasemveitaeigandanum  X rtttilaWaflahlutaendaY;tthannhafiekkinUttsrrttinntilflunarhlutanna.kveWieig K #  andinnsWaraWnUtasrYennanrtttilflunarhlutasamkvmtfjrmlagerningnumverWur    hanntilkynningarskyldurnUskv.2.mgr.endaY;ttenginbreytingverWihlutfalliat    kvWisrttarins.BreytinginfelstYvaWnerhinnflggunarskyldiaWilieigandihlutaf   laginusjlfuenekkieigandifjrmlagerningasemveitahonumrtttilaWaflaYessarahluta. wO    03.mgr.segiraWfallifjrmlagerningurskv.2.tlul.1.mgr.rgildiskulisendatilkynn B  inguskv.2.mgr.AfframangreinduleiWiraWef& a atkvWisrtturlkkarniWurfyrirmrk78.    gr.frumvarpsinsvegnaYessaWfjrmlagerningurinnfellurniWurstofnastflggunarskylda.     kvWiWbyggist13.gr.tilskipunar2004/109/EB.'a u Ԁ {    Um81.gr. 9 -w   0YessarigreinermltsvofyriraWd;tturflagskv.5.tlul.79.gr.,YurfiekkiaWsenda  tilkynninguskv.78.og79.gr.efm;WurflagYesseWa,efm;WurflagiWersjlftd;tturflag,  m;Wurflagm;Wurflagsins,sendirtilkynningu.TekiWskalframaWssamstWaorWinfl;kn r arienkvWiWgerirrWfyrirYarfviWkomandiflagaWsendatilkynningusjlftoggeturekki e= nUttsrundanYgukvWisins. 0   Um82.gr.  y   01.mgr.ermltfyrirumaWhafiumboWsmaWurtilviki8.tlul.79.gr.fengiWfleirien i eittumboWtengslumviWeinnhluthafafundsheimiltaWsendaeinatilkynningu,aWYvtil \4 skilduaWskUrtkomiframtilkynningunni&  hvertheildarmagnatkvWisrttarumboWsveitenda ' verWurtgefandaeftirbrottfallumboWsins.''I{     02.mgr.erkveWiWumaWvakniflggunarskyldavegnafyrirmla8.tlul.79.gr.,Y.e.  YegaraWilihefurfengiWumboWtilaWgreiWaatkvWifyrirhlutihluthafafundi,YurfiekkiaW `  sendanUjatilkynninguefumboWiWfellurrgildiaWhluthafafundinumloknumogtilkynn S+! ingin,semgerWvartengslumviWveitinguumboWsins,geymdiupplUsingarumhvertheildar " magnatkvWisrttarflaginuyrWieftirbrottfallYess.XettakvWifelursrundantekningu # frYeirrimeginregluaWviWlokeinhverrarYeirrakringumstWna,semgreinir79.gr.,stofn  $ istflggunarskylda. !W%   Um83.gr. #' <   0YessarigreinkemuraWframaWverWifleirieneinnflggunarskyldirvegnasmuviW #( skiptasYeimheimiltaWsendasameiginlegatilkynningu.XkemurframaWsameiginlegtil $ ) kynningleysienganhlutaWeigandiundanbyrgWtilkynningunni.YaWskalbentaWsam v%N!* eiginlegtilkynningsumraleysirekkiaWraundanYeirriskylduaWtilkynna.AWilarsemsenda A&"+  sameiginlegatilkynninguYurfaekkiaWveratengdirfjrhagslega.EinnigerheimildtilaW  '", sendasameiginlegatilkynni&   ngutilstaWarY;tteinnaWilibtiviWsigatkvWisrttienat ( kvWisrtturannarsminnki.'(     Um84.gr. a ݂   kvWiW,semfjallarumbreytingarhlutafeWaatkvWisrtti,byggist15.gr. T, tilskipunar2004/109/EB.    084.gr.kemurframaWefhlutaftgefandahkkareWalkkareWaatkvWumfjlgar  eWafkkarskaltgefandinn,sWastaviWskiptadegiYessmnaWarerbreytingarnareigasr   staW,birtaopinberlegaheildarmagnhlutafjrogheildarfjldaatkvWa.EkkiernauWsynlegt  X aWtilkynnahverjumhluthafabreytingarnarsrstaklegaheldurtelstopinberbirtingfullngj K #  andi.SemdmiumtilviksemfalliWgtuundirkvWiWerubreytingarhlutafvegnat    gfunUrrahlutaflagieWalkkunhlutafjrvegnainnkllunarhluta.      Um85.gr. wO     kvWiW,sembyggist1.mgr.12.gr.tilskipunar2004/109/EB,mlirfyrirumaW B  tilkynninguskv.78.og79.gr.skulikomaframtilgreindarupplUsingarogeruYrtaldarupp    1.!4.tlul.098.gr.frumvarpsinseraWfinnaheimildtilhandarWherratilaWkveWannar   umefnitilkynningarmeWreglugerWenfyrirsWeraWafhlfuEvr;pusambandsinsverWur {  gefiWtsamrmteyWublaWfyrirflggunartilkynningarEvr;pskaefnahagssvWinu.0smu nF reglugerWarheimilderrWherraheimilaWaWkveWannarumefnitilkynningarskv.80.gr. 9 reglugerW,enfyrirsWeraWafhlfuEvr;pusambandsinsverWaekkisettarframnkvmlega  smukrfurumefnitilkynningaalmennt.    Um86.gr. e=    Greinin,sembyggist2.mgr.12.gr.tilskipunar2004/109/EB,kveWurumYaWinnan 0 hvaWatmamarkaaWilaberaWtilkynnaflaginuogFjrmlaeftirlitinuumfluneWarWstfun  hlutasemleiWirtilflggunarskyldu.X;ersmunurfrumvarpsgreininniogtilvitnuWu  kvWitilskipunarinnaraWhrerlagttilaWfrestirtilaWtilkynnaverWimunstyttri.Lagter i tilaWflggunarskylduraWilisenditilkynningueinsflj;ttogauWiWerogeigisWarennsta \4 viWskiptadageftiraWskyldanstofnast,hversemstWahennarer.02.mgr.12.gr.til ' skipunarinnarerafturm;timiWaWviWaWtilkynnaskulisvoflj;ttsemverWamegiogeigi  sWarenfj;rumviWskiptadgumeftiraWskyldanstofnast.HrlandihefurumrabilveriW  miWaWviWmunstyttrifrestitilaWtilkynnaumstofnunflggunarskyldu.Samamligegnir `  umnnurNorWurlandarki.02.mgr.32.gr.ngildandilagaerviWYaWmiWaWaWtilkynning S+! ssend?YegarstaW. NnariafmrkunYvhvaWfelstYeimorWumersvo5.mgr.16. " gr.reglugerWarnr.433/1999umupplUsingaskyldutgefanda,kauphallaraWilaogeigenda # verWbrfasemskrWerukauphll.XarhafaorWinveriWskilgreindsvoaWttsviW  $ viWskiptadagefumeraWrWaviWskiptifyrirmilligngukauphallaraWilaenWrumtilvikum !W% YanndagYegarrtturstofnasteWatekurbreytingum. J""&   02.mgr.kemurframaWverWiaWiliflggunarskyldurvegna2.mgr.78.gr.skulitilkynning #' sendeinsflj;ttogauWiWerogeigisWarennstaviWskiptadageftiraWtgefandihefurbirt #( opinberlegaheildarfjldahlutaogheildarfjldaatkvWaskv.84.gr.SmunurerYessu $ ) tilvikiogYeimsemnefnderu1.mgr.aWhrverWuraWiliflggunarskyldurvegnaatvikasem v%N!* varWaflagiWsjlft,t.d.YegarhlutaflaggefurtnUtthlutafoghluturviWkomandiaWila A&"+  lkkarundirflggunarskyldmrk.TilkynningarskyldanhvlirhinumflggunarskyldaaWila  '", entgefandiYarfeinungis&   aWbirtaupplUsingarumaWhlutafhafihkkaWeWalkkaWeWa ( aWatkvWumhafifjlgaWe'(2 WafkkaW.    Um87.gr. a    Xessigreinbyggist6.mgr.12.gr.tilskipunar2004/109/EBoghennierufyrirmlium T, birtingutgefandahlutaupplUsingumrtilkynningufrflggunarskyldumaWila.Frestir  skv.6.mgr.12.gr.tilskipunarinnarerulengrienlagtertilYessarifrumvarpsgrein.stWa  YessaWmiWaWerviWstyttrifrestfrumvarpsgreininniersaWhrlandihafatWkast   skemmrifrestir.ErYvlagttil1.mgr.aWtgefandihlutaskuli,einsflj;ttogauWiWereftir  X m;ttkutilkynningarogeigisWarenkl.12nstaviWskiptadageftiraWtilkynninginberst, K #  birtaopinberlegaallarupplUsingarsemeraWfinnatilkynningunni.FlagiWhefurhendisr    hvernigYaWbirtiropinberlegatilkynninguYessefnissemgreininkveWurum.Xanniggetur    flagt.d.faliWWrumaWilaaWsjumaWbirtaupplUsingarnaropinberlega.Umframkvmd   opinberrarbirtingarvsasttil95.gr.frumvarpsinsogathugasemdameWYeirrigrein. wO    02.mgr.ermltsvofyriraWtgefandihlutaYurfiekkiaWYUWatilkynninguyfirtungu B  mlsemFjrmlaeftirlitiWsamYykkireftilkynningskv.78.,79.eWa80.gr.berstensku.    kvWiWbyggist5.mgr.20.gr.tilskipunar2004/109/EB.     Um88.gr. nF    01.mgr.ermltfyrirumundanYgufrflggunarskylduskv.78.gr.Yegarhlutireruein 9 gngukeyptirtilverWbrfauppgjrssemlUkurinnanvenjulegsstuttsgreiWslutmabilsfrviW  skiptum.kvWiWbyggist4.mgr.9.gr.tilskipunarnr.2004/109/EB.0drgumaWtilskipun  seminnleiWamunnnartilmlitilskipunar2004/109/EBkemurframaWhmarkslengd r venjulegsstuttsgreiWslutmabilsskuliveraYrrdagar.Xrreglurhafahinsvegarekkienn e= veriWsettarogafYeimskumgeymirfrumvarpiWaWeinsYalmennureglusemframkemur 0 gagnsistilskipuninni.    02.mgr.kemurframundanYgafrflggunarskylduskv.78.gr.YegaraWilivarWveitir  hlutisemvrsluaWili.SamkvmtgreininnierYaWskilyrWiundanYgunnaraWvrsluaWilinn i getieinungisnUttsratkvWisrtthlutannasamkvmtskriflegumeWarafrnumleiWbeining \4 umeigandaYeirra.kvWiWbyggist4.mgr.9.gr.tilskipunar2004/109/EB. '   &  03.mgr.eraWfinnareglusembyggist11.gr.tilskipunarnr.2004/109/EBogvarWarY  aWstWuYegar'ܡ seWlabankiEvr;pskaefnahagssvWinueWaSeWlabankiEvr;pulturhluti  teWahonumerultnirhlutirttilaWsinnahlutverkisnusemyfirvaldsviWi `  peningamla.XYarfviWkomandiseWlabankiekkiaWsendatilkynninguskv.78.gr.eWa3. S+! tlul.79.gr.TvmeginskilyrWiverWaaWverauppfyllttilYessaWreglaneigiviW.Annars " vegaraWslkumrWstfunumslokiWinnanvenjulegsstuttsgreiWslutmabilsfrYvaW # viWkomandiseWlabankilthlutiteWahonumvorultnirhlutirtoghinsvegaraW  $ atkvWisrtturhlutannasekkinUttur.MeWtilvsuntilvenjulegsstuttsgreiWslutmabilser !W% einkumttviWtilvsuntillnaaWgerWasemframkvmdarerusamrmiviWlgSeWlabanka J""& Evr;pu(ECB),einkumviWmiWunarreglurhansumpeningamlastefnuogTARGETkerfiW, #' ogumsambrilegarlnaaWgerWirsemframkvmdarerusamrmiviWinnlendalggjf #( hverjurkifyrirsig.0drgumaWtilskipunseminnleiWamunnnartilmlitilskipunar $ ) 2004/109/EBkemurframaWhmarkslengdvenjulegsstuttsgreiWslutmabilsskuliveraYrr v%N!* dagar. A&"+    '",   Um& a  89.gr. ( u   0YessarigreineraWfinnasrstakaundanYgufrflggunarskylduvegnaatkvWisrttar  veltub;kfjrmlafyrirtkismeWstarfsleyf'a( isamkvmtlgumumfjrmlafyrirtki.    SkilyrWiYessaWundanYgaYessararfrumvarpsgreinareigiviWerutv.AnnarsvegaraW a hlutfallatkvWisrttarveltub;kfariekkiyfir5%oghinsvegaraWfjrmlafyrirtkitryggi T, aWatkvWisrttursemfylgirhlutumveltub;karshvorkinUtturnnotaWurannanhtttil  aWhlutasttilumstj;rntgefanda.Xanniggeturt.d.fjrmlafyrirtki,aWuppfylltumskilyrW  umkvWisins,veriWmeW4%atkvWisrttarveltub;kog3%atkvWisrttareiginnafni   nYessaWflggunarskyldastofnist.Efafturm;tiatkvWisrtturveltub;kinnihkkarupp  X 6%stofnastflggunarskyldaendaY;tt10%mrkunumsekkinW. K #    Um90.gr.    9   0YessarigreineraWfinnakvWisemheimilarundanYgufrflggunarskylduYegarum   eraWrWaviWskiptavaka(e.marketmakers).Xannigstofnastekkiflggunarskyldaskv.78. wO  gr.viWfluneWarWstfunviWskiptavakahlutumYrttfyriraWhlutfallatkvWisrttarsem B  fylgirhlutunumnieWafariyfir5%flggunarskyldumarkiW.XrjskilyrWierufyrirYvaW    reglaneigiviW.0fyrstalagiaWviWskiptavakinnframkvmiviWskiptinsemviWskiptavaki.0   WrulagiaWviWskiptavakinnsfjrmlafyrirtkimeWstarfsleyfitilverWbrfaviWskiptaog {  YriWjalagiaWviWskiptavakinnhlutisthvorkitilumstj;rnviWkomanditgefandanhlutist nF nokkurnhtttilumaWtgefandinnkaupislkahlutieWahaldiverWiYeirrauppi. 9   Um91.gr.     kvWi1.mgr.,sembyggist4.mgr.12.gr.tilskipunar2004/109/EB,geymirundan r tekningufrYeirrimeginregluaWhlutfallatkvWisrttarsemfylgirhlutumeiguflaga e= samstWuskulilagtsaman.FelurkvWiWsraWm;Wurflagirekstrarflagserekkiskylt 0 aWleggjasamanhlutfalleiginatkvWisrttaroghlutfallatkvWisrttarviWkomandiverW  brfasj;WseWafjrfestingarsj;WsrekstrarflagsinsaWYvtilskilduaWrekstrarflagiWnUti  atkvWisrttsinn;hWm;Wurflaginu.04.mgr.12.gr.tilskipunar2004/109/EBervsaWtil i tilskipunar85/611/EBEumfyrirtkiumsameiginlegafjrfestinguframseljanlegum \4 verWbrfum(e.skst.UCITS)enhnhefurveriWinnleiddslenskanrttmeWlgumnr. ' 30/2003,umverWbrfasj;Wiogfjrfestingarsj;Wi.SamkvmtYeimlgumeruverWbrfasj;Wir  Yeirsj;WirsemuppfyllallkvWitilskipunar85/611/EBEoghafaYarafleiWandileyfitil  aWstarfalluEvr;pskaefnahagssvWinu.Fjrfestingarsj;Wirerubundnirafsambrilegum `  krfumogverWbrfasj;WirnirenhafaY;ekkiframangreintleyfitilaWstarfalluEvr;pska S+! efnahagssvWinu.SamkvmtorWannahlj;Wantilskipun2004/109/EBmttiYvdragaY " lyktunaWundanYgatilskipunarinnarttiaWeinsviWumm;Wurflgrekstrarflaga # verWbrfasj;Waenekkim;Wurflgrekstrarflagafjrfestingarsj;Wa.SvoerY;ekkiYarsem  $ 12.mgr.skUringameWdrgumaWtilskipunseminnleiWirnnarkvWitilskipunar !W% 2004/109/EBkemurframaWundanYgagagnsistilskipunareigiviWumhverskonarsj;Wi J""& umsameiginlegafjrfestinguburtsWfrYvhvortYeirhafileyfitilaWstarfalluEvr;pska #' efnahagssvWinu,aWYvtilskilduaWviWkomandisj;WirsuhWireftirlitiheimarkinu.XaW #( skilyrWiviWumfjrfestingarsj;WisamkvmtlgumumverWbrfasj;Wiogfjrfestingarsj;Wi $ ) ogYvtekurundanYgakvWisinseinnigtilYeirra. v%N!*   UndanYgakvWisinshinsvegarekkiviWefm;WurflagiWeWad;tturflagYesshefur A&"+ fjrfesteignarhlutdeildsemrekstrarflagiWstj;rnarogrekstrarflagiWmaWeinsnUtasr  '", atkvWisrttsinnsamkvmtbeinumeWa;beinumfyrirmlumfrm;WuflaginueWaWru '#- d;tturflagim;Wurflagsins.0slkumtilvikumberm;WurflagirekstrarflagsaWleggja ( samaneignarhlutsinnogeignarhlutverWbrfasj;Wsins.MeWhugtakinud;tturflagerttviW  flagundiryfirrWumskilningi6.tlul.2.gr.laganr.3/2006umrsreikninga.ReglaYessi  byggistlokamlsliW4.mgr.12.gr.tilskipunar2004/109/EB. a   Samkvmt2.mgr.gildirundantekning1.mgr.einnigumm;Wurflagrekstrarflagser T, lendsverWbrfasj;WsmeWstaWfestuogstaWfestinguEvr;pskaefnahagssvWinu.Xgildir  hiWsamaumm;WurflagsambrilegsrekstrarflagsYriWjarki,Y.e.rkiutanEvr;pska  efnahagssvWisins.Regla2.mgr.byggist6.mgr.23.gr.tilskipunar2004/109/EB.     Um92.gr. K #  |   kvWi1.mgr.byggist5.mgr.12.gr.tilskipunar2004/109/EBogfelursrundan    tekningufrYeirrimeginregluaWhlutfallatkvWisrttarsemfylgirhlutumeiguflaga    samstWuskulilagtsaman.ReglanfelursrYundantekninguaWviWframkvmdflgg   unarskylduskv.78.og79.gr.erm;Wurflagifjrmlafyrirtkis,meWleyfitilverWbrfaviW wO  skipta,ekkiskyltaWleggjasamaneigiWhlutfallatkvWisrttaroghlutfallatkvWisrttarsem B  fylgirhlutumsemviWkomandifjrmlafyrirtkistUrirfyrireinstakaviWskiptamennsna.    SkilyrWiundantekningarinnareraWfjrmlafyrirtkinusaWeinsheimiltaWnUtaatkvWisrtt   semtilheyrirslkumhlutumsamkvmtsannanlegumleiWbeiningumviWskiptavinareWaaW {  tryggtsaWeinstaklingsmiWuWstUringverWbrfasafnsfarifram;hWhverskynsannarriYj;n nF ustu,ogaWfjrmlafyrirtkiWnUtiatkvWisrttinn;hWm;WurflaginueWaWrud;tturflagi 9 m;Wurflagssns.&  MeWhugtakinud;tturflagerttviWflagundiryfirrWumskilningi6.  tlul.2.gr.laganr.3/2006umrsreikninga'     02.mgr.segiraWundantekning1.mgr.gildieinnigumm;Wurflagerlendsfyrirtkissem r hefurstaWfestuEvr;pskaefnahagssvWinuogstarfsleyfitilverWbrfaviWskiptaEvr;pska e= efnahagssvWinu.XgildirhiWsamaumm;WurflagfyrirtkisrkiutanEvr;pskaefna 0 hagssvWisins,hafifyrirtkiWleyfitilaWstundaverWbrfaviWskiptiheimarkisnuogs  starfsemierhWeftirlitiheimarkinu.Regla2.mgr.byggist6.mgr.23.gr.tilskipunar  2004/109/EB. i   & a Um93.gr. ' =   Xessigreinbyggist14.gr.tilskipunar2004/109/EB.0kvWinuerufyrirmliumaW  flggunarskyldastofnasteftgefandi'a'I aflareWarWstafareiginhlutumefatkvWisrttur  hkkareWalkkarniWurfyrir5%eWa10%mrkin,enskv.1.mgr.55.gr.lagaumhlutaflg `  erhmarkshlutfalleiginhluta10%.HlutfalliWskalreiknaWtgrundvelliheildarfjldahluta S+! sematkvWisrtturfylgir,jafnvelY;ttnUtingatkvWisrttarinsfalliniWur.ReglanviWhvort " semtgefandiaflareWarWstafarhlutumsjlfureWahefurfengiWYriWjaaWilatilaWaflaeWa # rWstafaeiginhlutumtgefandanseiginnafni,Y.e.nafniYriWjaaWila,enfyrirhndtgef  $ andans. !W%   Samkvmt2.mgr.skuluupplUsingarskv.1.mgr.birtaropinberlegareinsflj;ttogauWiW J""& erogeigisWarenfyrirklukkan12nstaviWskiptadageftirfluninaeWarWstfunina. #'   Um94.gr. $ ) =   0kvWinuerureglurumYaWhvernigskulifarameWYaWYegartgefandiermeWskrWa v%N!* skrifstofurkiutanEvr;pskaefnahagssvWisins.Greininbyggist1.mgr.23.gr.tilskipun A&"+  ar2004/109/EB.  '",   01.mgr.ermltfyrirumaWkvWi84.g&   r.gildiekkieftgefandimeWskrWaskrifstofu ( rkiutanEvr;pskaefnahagssvWisinsuppfyl'( lirkrfursamkvmtbindandiopinberumfyrir  mlumYvrkiYarsemhannermeWskrWaskrifstofuogfyrirmlineruhliWstW84.gr.  MeWhliWstWumkvWumerjafnframtttviWaWkvWinsuhliWstWkvWumtilskipunar a 2004/109/EBendabyggist84.gr.kvWumtilskipunarinnar. T,   02.mgr.ermltfyrirumaWkvWi87.gr.gildiekkieftgefandimeWskrWaskrifstofu  rkiutanEvr;pskaefnahagssvWisinsuppfyllirkrfursamkvmtbindandiopinberumfyrir  mlumYvrkiYarsemhannermeWskrWaskrifstofuogfyrirmlineruhliWstW87.gr.   MeWhliWstWumkvWumerjafnframtttviWaWkvWinsuhliWstWkvWumtilskipunar  X 2004/109/EBendabyggist87.gr.kvWumtilskipunarinnar. K #    03.mgr.ermltfyrirumaWkvWi93.gr.gildiekkieflgaWilimeWskrWaskrifstofu    rkiutanEvr;pskaefnahagssvWisinsuppfyllirkrfursamkvmtbindandiopinberumfyrir    mlumYvrkiYarsemhannermeWskrWaskrifstofuogfyrirmlineruhliWstW93.gr.   MeWhliWstWumkvWumerjafnframtttviWaWkvWinsuhliWstWkvWumtilskipunar wO  2004/109/EBendabyggist93.gr.kvWumtilskipunarinnar. B    04.mgr.ermltsvofyriraWYaWverWivaldiFjrmlaeftirlitsinsaWmetahvortkrfur    samkvmtbindandiopinberumfyrirmlumrkisutanEvr;pskaefnahagssvWisinseruhliW   stWarkvWum84.,87.og93.gr. {    & , Um95.gr. 9 <   095.gr.frumvarpsinsermltfyrirumopinberabirtingu.    kvWi1.mgr.byggist1.mgr.21.gr.tilskipun2004/109/EB.kvWitilskipunarinnar  segiraWeinsaWtgefandiskulibirta',9H almenningiEvr;pskaefnahagssvWinuupplUsingar r samkvmtkaflanumeinsflj;ttogauWiWerogjafnrWisgrundvelli.FyrirsWeraWvntan e= legritilskipunmunEvr;pusambandiWsetjannarireglurumYrlgmarkskrfursemopinber 0 birtingupplUsingaskaluppfylla.XrreglurhafaekkiennveriWsettarogafYeimskum  geymirfrumvarpiWaWeinsYalmennureglusemframkemurgagnsistilskipuninni.  kvWi1.mgr.mlirjafnframtfyrirumYskyldutgefandaaWsendaYrupplUsingarsem i gerWareruopinberarsamhliWatilFjrmlaeftirlitsins.SkyldanersjlfstWogtengistekki \4 skyldutgefandatilaWsendaupplUsingartilmiWlgrarvarWveisluskv.74.gr.frumvarpsins. ' KomitilYessaWFjrmlaeftirlitiWtilnefniskv.74.gr.aWilatilaWannasthinamiWlgu  varWveislubertgefandaenguaWsWurskyldatilaWsendaupplUsingarsemgerWareru  opinberartilFjrmlaeftirlitsinsgrundvelliYessararmlsgreinar.BtgefandaberYskylda `  tilaWsendaupplUsingarnarbWitilFjrmlaeftirlitsinsogYessaWilasemtilnefndurhefur S+! veriWtilaWannastmiWlguvarWveisluna. "   02.mgr.ermltfyrirumheimildFjrmlaeftirlitsinstilaWbirtaYrupplUsingarsem # gerWarhafaveriWopinberarheimasWusinni.Mlsgreininbyggist1.mgr.19.gr.tilskip  $ un2004/109/EB. !W%   Um96.gr. #'    kvWiWmlirfyrirumaWYegartgefandibirtirupplUsingaropinberlegasamkvmt #( kaflanumskulihannsamtmissendaYrtilFjrmlaeftirlitsins,eWaaWilasemFjrmlaeftir $ ) litiWtilnefnir,tilmiWlgrarvarWveislu.NnarerkveWiWummiWlgavarWveislu136.gr. v%N!* frumvarpsinsogvsasttilathugasemdaviWYaWkvWi,sjeinnigathugasemdirviW2.mgr. A&"+ 95.gr.frumvarpsins.kvWiWbyggist2.mgr.21.gr.tilskipun2004/109/EB.  '",  '#-   Um97.gr. (    0greininnieraWfinnareglurumhvaWatungumlumbirtaeigiupplUsingarsamkvmt  kaflanum.Greininbyggist20.gr.tilskipunar2004/109/EB.    01.mgr.rWirumtilvikYegarhlutabrftgefandahafaeinungisveriWtekintilviWskipta a skipulegumverWbrfamarkaWi0slandi.ViWYraWstWurverWurtgefandiaWbirtaupplUs T, ingarsamkvmtkaflanumslenskueWaWruYvtungumlisemFjrmlaeftirlitiWsam  Yykkir.kvWiWbyggist1.mgr.20.gr.tilskipunar2004/109/EB.    02.mgr.erfjallaWumYaWYegarhlutabrftgefandahafaveriWtekintilviWskiptaskipu   legumverWbrfamarkaWi0slandiogeinueWafleiriaWildarrkjumEvr;pskaefnahags  X svWisins.0fyrstalagiverWurtgefandivalltaWbirtaupplUsingarnarslenskueWaWru K #  YvtungumlisemFjrmlaeftirlitiWsamYykkir.0WrulagiverWurtgefandiaWbirtaupp    lUsingarnarannaWhvortenskueWaWruYvtungumlisemlgbrstj;rnvldgistirkjanna    samYykkjaentgefandigeturvaliWhvorutungumlinuhannbirtirupplUsingarnar.kvWi   2.mgr.byggist2.mgr.20.gr.tilskipunar2004/109/EB. wO    03.mgr.ermltfyrirumtilvikYegarhlutabrftgefandahafaveriWtekintilviWskipta B  skipulegumverWbrfamarkaWieinueWafleirurkiEvr;pskaefnahagssvWinu,Y.e.einu    eWafleirigistirki,enekki0slandi.ReglanersaWtgefandiverWuraWbirtaupplUsingarnar   annaWhvortenskueWaWruYvtungumlisemlgbrstj;rnvldgistirkjannasamYykkja {  entgefandigeturvaliWhvorutungumlinuhannbirtirupplUsingarnar.Ennfremurgetur nF FjrmlaeftirlitiW;skaWeftirYvaWtgefandibirtijafnframtupplUsingarnarenskueWaWru 9 YvtungumlisemeftirlitiWsamYykkir,aWvalitgefanda.kvWi3.mgr.byggist3.mgr.  20.gr.tilskipunar2004/109/EB.    SfyrirvariergerWur4.mgr.aWhafihlutabrftgefandaveriWtekintilviWskiptaskipu r legumverWbrfamarkaWinsamYykkistgefandahvlakrfursemgerWareruskv.1.!3.mgr. e= ekkitgefandaheldurYeimaWilasem;skaWhefureftirtkuhlutabrfannatilviWskiptan 0 samYykkistgefanda.kvWiWbyggist4.mgr.20.gr.tilskipunar2004/109/EB.    &  kvWi5.mgr.byggist5.mgr.20.gr.tilskipunar2004/109/EB.FramkemuraWtilkynn  ingskv.78.,79.og80.gr.megiverahvortheldurslenskueWaensku.'  i   & a Um98.gr. '    kvWiWmlirfyrirumheimildrWherratilaWsetjannarikvWivegnakaflansreglu  gerW.FyrirsWeraWvntanlegritilskipun'a' munEvr;pusambandiWtfrannarreglurvarW  andiUmiskvWitilskipunar2004/109/EB.0lj;siYessaYykirrttaWveitarWherraheimild `  tilaWsetjareglugerWvegnakaflans,YarmeWalumefnitilkynningarvegnafjrmlagerninga S+! skv.80.gr.,nnarumefnitilkynningarskv.85.gr.,umhmarkslengdstuttsgreiWslutmabils " skv.88.gr.,skilyrWifyrirtkjatilaWYauteljisnUtaatkvWisrttsinn;hWm;Wurflgum # snumskv.91.og92.gr.ogumframkvmdopinberrarbirtingar,skv.95.gr.  $   UmX.kafla. J""&    0X.kaflafrumvarpsinserfjallaWumyfirtkutilboW.KaflinneraWmestuleytisamhlj;Wa #' VI.kaflangildandilagaumverWbrfaviWskipti. #(   Um99.gr. v%N!*    0greininniergildissviWX.kaflaafmarkaW.01.mgr.erkveWiWumaWkvWikaflans A&"+  gildiumyfirtkuhlutaflagiYarsemeinneWafleiriflokkarhlutabrfahafaveriWteknirtil  '", viWskiptaskipulegumverWbrfamarka&   Wi0slandi.kvWiWersamhlj;Wa36.gr.gildandi ( lagaaWWruleytienYvaWtalaWerum'() tkutilviWskiptastaWskrningar.    02.mgr.erkveWiWumaWrWherrasheimiltreglugerWaWkveWaumundanYgufr  kvWumYessakaflafyrirerlendhlutaflg.MeWkvWinuergertrWfyriraWtekinverWi a uppinnlendanrttkvWi2.mgr.4.gr.tilskipunarEvr;puYingsinsogrWsins2004/25/EB T, umyfirtkutilboWaukYesssemmarkmiWYesseraWaukasamkeppnishfniskipulegraverW  brfamarkaWa0slandi.Af2.mgr.4.mgr.yfirtkutilskipunarinnarleiWiraWkvWislenskra  yfirtkureglnanekkitilflagsmeWskrWaskrifstofuWruEESrkiefYaWhefurfengiW   hlutabrfsntekintilviWskiptaheimarkisnu.kvWikaflansnheldurekkitilslksflags  X efYaWhefurfengiWhlutabrfsntekintilviWskiptaWruEESrkienheimarkisnuWuren K #  hlutabrfinvorutekintilviWskiptahrlandi.RttYykiraWkveWannarumYettareglu    gerW.stWaneraWreglurrkjaEESsvWinuerusamrmdarogekkierskilegtaWflag    oghluthafarYessfalliundirtvfaltregluverk.XergertrWfyriraWundanYgurgetieinnig   nWtilflagameWskrWaskrifstofurkiutanEESsvWisins.KomaundanYgurYeinkum wO  tilgreinaefslkflghafajafnframtfengiWhlutabrfsntekintilviWskiptaskipulegum B  verWbrfamarkaWiEESsvWinueWasambrilegummarkaWiutanEvr;pskaefnahags    svWisins.EfflaghefurfengiWhlutabrfsntekintilviWskiptatveimurrkjumgeturslkt   leittafsraWflagiWoghluthafarYessYurfiaWuppfyllareglurtveggjarkjasemekkieru {  valltsamrmanlegar.Lj;sterslkstaWageturhindraWaWerlendfyrirtkiskisteftirYj;n nF ustuskipulegraverWbrfamarkaWa0slandiogdregiWYannigrmguleikumskipulegraverW 9 brfamarkaWa0slanditilaWveitaYj;nustusnatilflagaWrumrkjum.ErYvlagttilaW  jafnframtverWiheimiltaWkveWaumundanYgurfyrirflgutanEESsvWisins.    Um100.gr. e= C   0100.gr.frumvarpsinserfjallaWumtilboWsskyldu.kvWiWersamhlj;Wa37.gr.gildandi 0 lagaaWWruleytienYvaWtalaWerumtkutilviWskiptastaWskrningar.    & , Um101.gr. i    0greininnisegiraWkvWiX.kaflagildieinnigumvalfrjlstilboW.Xkomafram \4 kvWinureglurumvalfrjlstilboW.kvWiWersamhlj;Wa38.gr.gildandilagaaWWruleyti ' enYvaWtalaWerumtkutilviWskiptastaWskrningar.',     & a Um102.gr. `  Y   0kvWinuerfjallaWumtilkynningarumtilboW.kvWiWer;breyttfr39.gr.gildandi S+! laga.'ae  "   103.gr.  $ `   0greininnierureglurumskilmlatilboWa.kvWiWersamhlj;Wa40.gr.ngildandilaga !W% aWWruleytienYvaWtalaWerumtkutilviWskiptastaWskrningar. J""&   Um104.gr. #(    HreraWfinnareglurumskyldurstj;rnarflagssemtilboWtekurtil.kvWiWer;breytt $ ) fr41.gr.gildandilaga. v%N!*   Um105.gr.  '",    0greininnierureglurumafturklluntilboWs.kvWiWer;breyttfr42.gr.gildandilaga. '#- Ї  Um106.gr. ( c   0greininnierfjallaWum;gildingutilboWs.kvWiWer;breyttfr43.gr.gildandilaga.    Um107.gr. a 4   0kvWinukomaframreglurumbreytingartilboWum.kvWiWer;breyttfr44.gr. T, gildandilaga.    Um108.gr.      0greininnierukvWiumsamkeppnistilboW.kvWiWer;breyttfr45.gr.gildandilaga.  X   Um109.gr.       0kvWinueraWfinnareglurumupplUsingarumniWurstWurtilboWs.kvWiWer;breytt    fr46.gr.gildandilaga.     Um110.gr. B     0greininnierkveWiWuminnlausnarrtttilboWsgjafaoghluthafa.kvWiWer;breyttfr    47.gr.gildandilaga.     & a Um111.gr. nF    0greininnierukvWiumhvaWarrWaerunntaWgrpatilefekkiergerttilboW.kvWiW 9 er;breyttfr48.gr.gildandilaga'an .    UmXI.kafla. r    0XI.kaflafrumvarpsinseraWfinnareglurumtilboWsyfirlit.Kaflinnernr;breytturfr e= VII.kaflangildandilagaogbersamaheiti. 0   Um112.gr.  $   0greininnierkveWiWumgildissviWkaflans,enhannfjallarumtilboWsyfirlitsemskylt i eraWtbaogbirtaopinberlegatengslumviWyfirtkutilboW.kvWiWer;breyttfr49.gr. \4 gildandilaga. '   Um113.gr.     0greininnierfjallaWumhvaWaupplUsingarskulukomaframtilboWsyfirliti.kvWiWer `  ;breyttfr51.gr.gildandilagaaWWruleytienYvaWhugtakiWtakatilviWskiptaskipuleg S+! umverWbrfamarkaWiernotaWstaWskrningaroghugtakiWkauphllstaWskipulegsverW " brfamarkaWar.LeiWaYessarbreytingarafbreytingumsemlagWarerutilfrumvarpitilkaup # hallarlagasemlagterframsamhliWafrumvarpiYessu.  $   Um114.gr. J""& G   0kvWinuerfjallaWumopinberabirtingutilboWsyfirlits.Greininer;breyttfr52.gr. #' gildandilaga. #(   UmXII.kafla. v%N!* 2   0kaflanumkomaframreglurumverWmyndunskipulegumverWbrfamarkaWi.Kaflinn A&"+ eraWmikluleyti;breytturfrVIII.kaflagildandilaga,enlagtertilaWgildissviWhansverWi  '", vkkaWtYannigaWhannniekkieinungistilverWbrfaheldurtilallrafjrmlagerningasem '#- teknirhafaveriWtilviWskiptaeWa;skaWhefurveriWeftiraWteknirverWitilviWskiptaskipu ( legumverWbrfamarkaWi.    Um115.gr. a    0115.gr.erfjallaWumgildissviWXII.kafla.0gildandilgumerfjallaWumgildissviW T, samsvarandikafla53.gr.,ennokkrarbreytingarerulagWartilkvWinu.    01.mgr.erkveWiWumaWkvWikaflanstakitilallrafjrmlagerningasemteknirhafa  veriWtilviWskiptaeWa;skaWhefurveriWeftiraWteknirverWitilviWskiptaskipulegumverW   brfamarkaWihrlandi,Evr;pskaefnahagssvWinueWasambrilegumerlendummrk  X uWum.kvWikaflanstakajafnframttilfjrmlagerningasemtengdirerueinumeWafleiri K #  fjrmlagerningumskv.1.tluliW.0gildandilgumtekurkaflinnumverWmyndunskipuleg    umverWbrfamarkaWiaWeinstilverWbrfasemskrWhafaveriWeWa;skaWhefurveriWeftir    aWyrWuskrWskipulegumverWbrfamarkaWi,enhrerlagttilaWgildissviWkaflansnitil   allrafjrmlagerningasemteknirhafaveriWtilviWskiptaeWa;skaWhefurveriWeftiraWteknir wO  verWitilviWskiptaskipulegumverWbrfamarkaWi.HugtakiWfjrmlagerningurvarnotaW B  kvWinuYartilYvvarbreyttmeWlgumnr.31/2005.RttYykiraWtvkkagildissviWkafl    ansaWnUjuYarsemheimiltersamkvmtMiFIDtilskipuninniaWtakatilviWskiptaskipu   legumverWbrfamarkaWiaWrafjrmlagerningaenverWbrf.HefurKauphll0slandsn {  formumaWhefjaskipulegviWskiptimeW;framseljanlegarafleiWursemteljastekkitil nF verWbrfaogermikilvgtaWkvWikaflansnieinnigtilslkragerninga.Xerbreytingin 9 samrmiviWhugtakanotkunEvr;putilskipunarummarkaWssvik,enhnnrtilallra  fjrmlagerninga.SeinnitluliWur1.mgr.vsartilfjrmlagerningasemekkihafaveriW  teknirtilviWskiptaskipulegumverWbrfamarkaWientengjastslkumgerningum. r   MeW2.mgr.erlagttilaWnUrrimlsgreinverWibttviWgreininaYarsemkveWiWverWi e= umaW117.gr.lagannagildieinnigumfjrmlagerningasemverslaWermeWmarkaWstorgi 0 fjrmlagerninga(MTF)hrlandiogfjrmlagerningasemtengdirerueinumeWafleiri  slkumfjrmlagerningum,en117.gr.erkveWiWumbannviWmarkaWsmisnotkun.0lj;si  YesshvaWmarkaWsmisnotkuneralvarlegYykirrttaWkvWisembannaslkamisnotkunni i einnigtilmarkaWstorgsfjrmlagerninga(MTF). \4   03.mgr.erkveWiWumaWkvWi117.gr.lagannaeigiekkiviWkveWnumtilvikum ' semtalineruupptveimurtluliWum.AnnarsvegareigakvWi117.gr.lagannaekkiviW  YegarumeraWrWaviWskiptimeWeiginhlutiendurkaupatluneWaviWverWjfnun  fjrmlagerninga.kvWi117.gr.eigaheldurekkiviWYegarumeraWrWaviWskiptirkja `  eWaseWlabankainnanEvr;pskaefnahagssvWisinseWaaWilasemannastviWskiptifyrirYeirra S+! hnd,endasuviWskiptinliWurstefnuYessaraaWilapeningamlum,gengismlumeWa " lnasUslu.kvWiWer;breyttfr2.mgr.53.gr.gildandilaga. #   Um116.gr. !W% (   0greininnikomaframreglurumviWskiptavaka.kvWiWer;breyttfr54.gr.gildandi J""& lagaaWWruleytienYvaWYaWnrtilfjrmlagerningastaWverWbrfaoghugtakiWtaka #' tilviWskiptaernotaWstaWskrningar,sbr.umfjllunhraWframan. #(   Um117.gr. v%N!* K*   0kvWinuerlagtbannviWmarkaWsmisnotkunogskilgreinthverjumarkaWsmisnotkun A&"+ felst.XerfjallaWummilligngufjrmlafyrirtkjagreininni.Greininer;breyttfr55.gr.  '", gildandilaga. '#- Ї  Um118.gr. ( +   0118.gr.frumvarpsinseraWfinnaheimildfyrirrWherratilaWsetjannarireglurum  kvWiXII.kaflafrumvarpsins.SamskonarkvWiern73.gr.lagaumverWbrfaviW  skipti. a   UmXIII.kafla.  -   0XIII.kaflafrumvarpsinserfjallaWummeWferWinnherjaupplUsingaogviWskiptiinnherja.  KaflinneraWmestuleyti;breytturfrIX.kaflagildandilaga.     Um119.gr. K #  0.   0greininnierfjallaWumgildissviWXIII.kafla.0gildandilgumerfjallaWumgildissviW    samsvarandikafla56.gr.,ennokkrarbreytingarerulagWartilkvWinu.      01.mgr.erkveWiWumaWkvWikaflanstakitilallrafjrmlagerningasemteknirhafa   veriWtilviWskiptaeWa;skaWhefurveriWeftiraWteknirverWitilviWskiptaskipulegumverW wO  brfamarkaWihrlandi,Evr;pskaefnahagssvWinueWasambrilegumerlendummrk B  uWumsvoogfjrmlagerningasemviWskiptierumeWmarkaWstorgifjrmlagerninga    (MTF)hrlandi.XerkveWiWumaWkvWikaflanstakitilfjrmlagerningasemtengdir   erueinumeWafleiriWurnefndumfjrmlagerningum.0gildandilgumtekurkaflinnum {  verWmyndunskipulegumverWbrfamarkaWiaWeinstilverWbrfasemskrWhafaveriWeWa nF ;skaWhefurveriWeftiraWskrWyrWuskipulegumverWbrfamarkaWi,enhrerlagttilaW 9 gildissviWkaflansnitilallrafjrmlagerningasemteknirhafaveriWtilviWskiptaeWa;skaW  hefurveriWeftiraWteknirverWitilviWskiptaskipulegumverWbrfamarkaWiogviWskiptieru  meWmarkaWstorgifjrmlagerninga(MTF).MeWsmurkumogfjallaWvarumathuga r semdumviW115.gr.frumvarpsinsYykirrttaWtvkkagildissviWkaflansaWnUjuYarsem e= heimiltersamkvmtMiFIDtilskipuninniaWtakatilviWskiptaskipulegumverWbrfamark 0 aWiaWrafjrmlagerningaenverWbrf.0YessusambandierbentaWKauphll0slandshefur  nformumaWhefjaskipulegviWskiptimeW;framseljanlegarafleiWursemteljastekkitil  verWbrfaogermikilvgtaWkvWikaflansnieinnigtilslkragerninga.Breytinginerjafn i framtsamrmiviWhugtakanotkunEvr;putilskipunarummarkaWssvik,enhnnrtilallra \4 fjrmlagerninga.SeinnitluliWur1.mgr.vsartilfjrmlagerningasemekkihafaveriW ' teknirtilviWskiptaskipulegumverWbrfamarkaWieWaverslaWermeWmarkaWstorgien  tengjastslkumgerningum.    02.mgr.erkveWiWumaWkvWi123.gr.uminnherjasvikeigiekkiviWYegarumeraW `  rWaviWskiptimeWeiginhlutiendurkaupatlunumeWaviWverWjfnunfjrmlagerninga, S+! endahafiviWskiptinfariWframsamrmiviWreglugerWsemsettergrundvellilaganna. " kvWiWer;breyttfr2.mgr.56.gr.gildandilaga. #   Um120.gr. !W% :   0kvWinueraWfinnaregluruminnherjaupplUsingar.kvWiWer;breyttfr57.gr. J""& gildandilagaaWWruleytienYvaWlagtertilaWgildissviWYessverWivkkaWYannigaWYaW #' nitilallrafjrmlagerningastaWverWbrfa,sbr.umfjllunhraWframan.XergerWbreyt #( ingkvWinusamrmiviWYbreytingusemlgWertil119.gr.aWkvWikaflanseigi $ ) einnigviWumviWskiptisemfaraframmarkaWstorgifjrmlagerninga(MTF). v%N!*   A&"+   Um& a  121.gr. ( =   0greininnierskilgreinthvaWtterviWmeWinnherja.UndirkvWiWfallafruminnherjar,  tmabundnirinnherjarogaWririnnherjar.k'a(= vWiWer;breyttfr58.gr.gildandilagaaWWru  leytienYvaWlagtertilaWgildissviWYessverWivkkaWYannigaWYaWnitilallrafjrmla a gerningastaWverWbrfa. T,   Um122.gr.  ,@   0greininnierfjallaWumupplUsingaskyldu,frestunupplUsingaskylduoglgmtamiWlun   innherjaupplUsinga.kvWiWer;breyttfr59.gr.gildandilagaaWWruleytienYvaWlagt  X ertilaWgildissviWYessverWivkkaWYannigaWYaWnitilallrafjrmlagerningastaWverW K #  brfa,sbr.umfjllunhraWframan.XerhugtakiWtakatilviWskiptanotaWstaWskrningar    skipuleganverWbrfamarkaW.LoksergerWbreytingkvWinusamrmiviWYbreytingu    semlgWertil119.gr.aWkvWikaflanseigieinnigviWumviWskiptisemfarafram   markaWstorgifjrmlagerninga(MTF). wO    Um123.gr.    C   0kvWinuerfjallaWuminnherjasvikoghvaWinnherjaer;heimiltaWgera.kvWiWer   ;breyttfr60.gr.gildandilaga. {    Um124.gr. 9 D   0124.gr.frumvarpsinserukvWiummilligngufjrmlafyrirtkis.kvWiWer;breytt  fr61.gr.gildandilaga.    Um125.gr. e= E   0greininnierkveWiWumranns;knarskyldufruminnherja.kvWiWer;breyttfr62.gr. 0 gildandilagaaWWruleytienYvaWlagtertilaWgildissviWYessverWivkkaWYannigaWYaW  nitilallrafjrmlagerningastaWverWbrfalktogerngildandilgum.    Um126.gr. \4 G   0kvWinukomaframreglurumtilkynningarskyldufruminnherja.kvWiWer;breytt ' fr63.gr.gildandilagaaWWruleytienYvaWlagtertilaWgildissviWYessverWivkkaW  YannigaWYaWnitilallrafjrmlagerningastaWverWbrfalktogerngildandilgum.    Um127.gr. S+! xI   0greininnierkveWiWumbirtinguupplUsingaumviWskiptistj;rnendatgefandameW " hlutitgefandanum,ogaWrafjrmlagerningatengdaYeim.kvWiWer;breyttfr64.gr. # gildandilagaaWWruleytienYvaWlagtertilaWgildissviWYessverWivkkaWYannigaWYaW  $ nitilallrafjrmlagerningastaWverWbrfa,sbr.umfjllunhraWframan.XerhugtakiW !W% takatilviWskiptanotaWstaWskrningarskipuleganverWbrfamarkaW.LoksergerW J""& breytingkvWinusamrmiviWYbreytingusemlgWertil119.gr.aWkvWikaflans #' eigieinnigviWumviWskiptisemfaraframmarkaWstorgifjrmlagerninga(MTF). #(   Um128.gr. v%N!* JM   0128.gr.frumvarpsinseruregluruminnherjaskr.kvWiWer;breyttfr65.gr.gildandi A&"+ lagaaWWruleytienYvaWlagtertilaWgildissviWYessverWivkkaWYannigaWYaWnitil  '", allrafjrmlagerningastaWverWbrfa.XerhugtakiWtakatilviWskiptanotaWstaWskrning '#- arskipuleganverWbrfamarkaW.LoksergerWbreytingkvWinusamrmiviWYbreyt ( ingusemlgWertil119.gr.aWkvWikaflanseigieinnigviWumviWskiptisemfarafram  markaWstorgifjrmlagerninga(MTF).    Um129.gr. T, vP   0greininnierukvWiumtilkynningarumrttarstWuinnherja.kvWiWer;breyttfr  66.gr.gildandilaga.    Um130.gr.  X jQ   0kvWinuerureglurumeftirlitmeWmeWferWinnherjaupplUsingaogviWskiptuminnherja. K #  kvWiWer;breyttfr67.gr.gildandilagaaWWruleytienYvaWlagtertilaWgildissviW    YessverWivkkaWYannigaWYaWnitilallrafjrmlagerningastaWverWbrfa.XerhugtakiW    takatilviWskiptanotaWstaWskrningarskipuleganverWbrfamarkaW.LoksergerW   breytingkvWinusamrmiviWYbreytingusemlgWertil119.gr.aWkvWikaflans wO  eigieinnigviWumviWskiptisemfaraframmarkaWstorgifjrmlagerninga(MTF). B    & , Um131.gr.   T   0131.gr.frumvarpsinserkveWiWumaWrWherraskulisetjannarireglurumnnartil {  greindatriWisemfallaundirkvWiXIII.kafla.SamskonarkvWiern73.gr.lagaum nF verWbrfaviWskipti.',T  9   Um132.gr.  WV   0greininnierkveWiWumaWFjrmlaeftirlitiWskulisetjareglurumnnartilgreindatriWi r semfallaundirkvWiXIII.kafla.SamskonarkvWiern73.gr.lagaum e= verWbrfaviWskipti. 0   & a UmXIV.kafla.  W   0XIV.kaflafrumvarpsinserfjallaWumeftirlitmeWframkvmdlagannaogreglnasettra i samkvmtYeim.kvWiumeftirliteruX.kaflagildandilaga.'aW  \4   Um133.gr.  X   0greininnierkveWiWumaWFjrmlaeftirlitiWskulihafaeftirlitmeWframkvmdlaganna  ogreglnasettrasamkvmtYeim.kvWiWeraWnokkruleytisamrmiviW68.og69.gr. `  gildandilaga.LagtertilaWkvWiYeirragreinaverWisameinuW.0staWYessaWkveWasr S+! staklegaumeftirlitsheimildirvegnainnherjasvikaogmarkaWsmisnotkunarsrstakrigrein, " einsoggerterngildandilgum,erlagttilaWalmenntverWikveWiWumheimildirFjr # mlaeftirlitsinseinnigreinoggertrWfyriraWYrnitileftirlitsmeWlgunumheild.  $ kvWi69.gr.gildandilagakomuinnlginmeW23.gr.laganr.31/2005viWinnleiWingu !W% markaWssvikatilskipunarESBsemlUtursrstaklegaaWinnherjasvikumogmarkaWsmisnotkun J""& ogf;luYausraWFjrmlaeftirlitiWfkkauknarheimildirvegnaeftirlitsmeWmarkaWssvik #' um.0MiFIDtilskipuninnierhinsvegarkveWiWumaWhiWlgbrayfirvaldskulihafasams #( konarheimildirvegnaeftirlitsmeWYeimllumatriWumerMiFIDtilskipuninfjallarum,og $ ) gildissviWhennarermunvWtkaraengildissviWmarkaWssvikatilskipunarinnar.ErYv;Yarft v%N!* aWkveWaumsrstakareftirlitsheimildireinsoggerter69.gr.ngildandilaga.Samkvmt A&"+ YvverWaefniskvWi69.gr.hlutigreinsemerhliWstW68.gr.lagannaogtextabreytingar  '", takamiWafframangreindu. '#-   kvWi1.mgr.eraWmestusamhlj;WakvWum1.mgr.68.gr.gildandilaga.ViW ( kvWiWbtistY;nUrlokamlsliWursembyggist1.mgr.24.gr.tilskipunar2004/109/EB  semheimilarrkjumaWtilnefnasrstakanaWilasemlgbrtstj;rnvaldhvaWvarWarreikn  ingsskilskv.hliW4.mgr.24.gr.tilskipunarinnar.HlutverkrsreikningaskrreraWkanna a hvortupplUsingarskv.VII.kaflaerusamdarsamrmiviWviWeigandireikningsskilareglur. T,   kvWi2.mgr.mlirfyrirumheimildirFjrmlaeftirlitsinstengslumviWathuguntil  tekinsmls.kvWiWeraWnokkruleytisamrmiviW2.mgr.68.gr.gildandilaga.Xr  breytingarsemlagWarerutilerutilkomnarvegnainnleiWingarbliW2.mgr.50.gr.MiFID   tilskipunarinnar.VegnainnleiWingarMiFIDtilskipuninniertaliWnauWsynlegtaWskerpa  X mlsgreininniogtakameWYvafallanvafaumheimildirFjrmlaeftirlitsinstilaWkalla K #  einstaklingatilskUrslugjafarYguathuganaeftirlitsins.kvWi2.mgr.innleiWireinniga    liW4.mgr.24.gr.tilskipunar2004/109/EB.    &    kvWi3.mgr.ersamhlj;Wa2.mgr.69.gr.gildandilaga.kvWi4.mgr.ersamhlj;Wa   3.mgr.68.gr.gildandilagaogkvWi5.mgr.ersamhlj;Wa4.mgr.68.gr.gildandilaga' f . wO    kvWi6.mgr.eraWnokkruleytisamrmiviW5.mgr.68.gr.gildandilaga.0kvWinu B  erkveWiWumaWteljiFjrmlaeftirlitiWaWekkihafiveriWfariWaWreglumumopinberabirt    inguupplUsingaskv.VII.,VIII.ogIX.kaflasYvheimiltaWgrpatilnauWsynlegrarWstaf   anatilaWalmenningursrttilegaupplUstur.kvWiWbyggistm.a.gliW4.mgr.24.gr.til {  skipunar2004/109/EB. nF   kvWi7.mgr.eraWnokkruleytisamrmiviW3.mgr.69.gr.gildandilaga.Lagtertil 9 aWviWmlsgreininabtisttveirnUirmlsliWirYarsemkveWiWerumheimildFjrmlaeftir  litsinstilaWkrefjaststWvunarviWskiptameWtilteknafjrmlagerningameWanathugunYess  tilteknumlistenduryfir,eWafyrirfulltogalltefathugunYessleiWirlj;saWviWskiptin r suandstWuviWlg.0YvsambandiskiptirekkimlihvortviWskiptinfarafram e= skipulegumverWbrfamarkaWieWameWWrumhtti.UmeraWrWainnleiWingujogkliW 0 2.mgr.50.gr.MiFIDtilskipunarinnar.    kvWi8.mgr.ersamhlj;Wa4.mgr.69.gr.gildandilagaogkvWi9.mgr.ersamhlj;Wa  6.mgr.68.gr.gildandilaga. i   Um134.gr. ' m   0greininnierukvWiumeftirlitmeWalmennutboWioglUsingum.kvWiWer;breytt  fr70.gr.gildandilagaaWWruleytienYvaWhugtakiWtakatilviWskiptaernotaWstaW  skrningarskipuleganverWbrfamarkaW. `    Um135.gr. " Mo   01.mgr.ermltfyrirumeftirlitsskylduFjrmlaeftirlitsinsvarWandiopinberabirtingu # upplUsinga.Mlsgreininbyggist1.mgr.24.gr.tilskipunar2004/109/EB.  $   kvWi2.mgr.mlirfyrirumaWYegar0slandergistirkiogverWbrftgefandahafaekki !W% veriWtekintilviWskiptaskipulegumverWbrfamarkaWiheimarkihanshvlisskylda J""& FjrmlaeftirlitinuaWhafaeftirlitmeWYvaWupplUsingarvegnaVII.,VIII.ogIX.kaflasu #' birtaropinberlegaeinsflj;ttogauWiWerogjafnrWisgrundvelli.Meginreglagagnsistil #( skipunarinnareraWlgbrtstj;rnvaldheimarkitgefandahefurfullteftirlitmeWhonum. $ ) 0YeimtilvikumYegarverWbrftgefandahafaveriWtekintilviWskiptaskipulegumverW v%N!* brfamarkaWirkiEvr;pskaefnahagssvWinuenekkiheimarkinuerhinsvegargerW A&"+ undanYgafralmennureglunni.stWanersaWYegarverWbrftgefandahafaekkiveriW  '", tekintilviWskiptaheimarkihansheldureinungisWrurkiEvr;pskaefnahagssvWinueru '#- lgbrstj;rnvldgistirkisinsbetriaWstWutilaWfylgjastmeWYvhvorttgefandibirtir ( upplUsingarsamrmiviWskyldursnar.kvWi2.mgr.byggist3.mgr.21.gr.tilskipunar  2004/109/EB.    03.mgr.ermltfyrirumaWefFjrmlaeftirlitiWaflarupplUsingaskv.2.mgr.133.gr. a frendurskoWendum,tgefendum,eigendumhlutaogannarrafjrmlagerningaeWaaWilum T, semnefndireru79.og80.gr.,aukaWilasemhafaframangreindaaWilaundiryfirrWum  snumeWaframangreindiraWilarhafayfirrWyfir,tengslumviWtiltekiWmlvegnaVII.,  VIII.ogIX.kafla,erYvheimiltaWfaraframaWtgefandibirtiupplUsingarnaropinberlega   meWYeimaWferWumoginnanYessfrestssemFjrmlaeftirlitiWtelurnauWsynlegt.Sinni  X tgefandiekkibeiWniFjrmlaeftirlitsinserYvheimiltaWbirtaupplUsingarnaraWeigin K #  frumkvWihafitgefandiWurfengiWtkifritilandmla.MlsgreininbyggistaogbliW    4.mgr.24.gr.tilskipunar2004/109/EB.      04.mgr.ermltfyrirumheimildFjrmlaeftirlitsinstilaWfaraframaWupplUsingar   semtgefandi,meWheimarki0slandienskrWaskrifstofurkiutanEvr;pskaefnahags wO  svWisins,birtirYvrkiYarsemhannermeWskrWaskrifstofuverWismuleiWisbirtar B  Evr;pskaefnahagssvWinu.SkilyrWieraWFjrmlaeftirlitiWteljiaWviWkomandiupplUsingar    getiveriWmikilvgaralmenningiEvr;pskaefnahagssvWinu.UpplUsingarnargetaveriW   hverseWlissemer,Y.e.ekkiYarfaWveraumaWrWaupplUsingarsemtgefandaerskyltaW {  geraopinberartilaWFjrmlaeftirlitiWgetikrafistbirtingarinnar.SinnitgefandiekkibeiWni nF FjrmlaeftirlitsinserYvheimiltaWbirtaupplUsingarnaraWeiginfrumkvWihafitgefandi 9 WurfengiWtkifritilandmla.Mlsgreininbyggist3.mgr.23.gr.tilskipunar  2004/109/EB.    Um136.gr. e= ~   01.mgr.ermltfyrirumaWFjrmlaeftirlitiW,eWaaWilisemFjrmlaeftirlitiWtilnefnir, 0 skulisjtilYessaWupplUsingarsembirtaskalopinberlegaskv.VII.,VIII.ogIX.kaflasu  varWveittar&  miWlgugeymslukerfi.Mlsgreininbyggist2.mgr.21.gr.tilskipunar2004/  109/EB.'H  i   02.mgr.segiraWmiWlgageymslukerfiWskuliuppfyllakrfurumryggi,reiWanleika \4 umhvaWanupplUsingareruupprunnar,tmaskrninguogauWveldanaWgangfyrirnotendur. ' 0140.gr.frumvarpsinseraWfinnaheimildtilhandarWherratilaWkveWannarumkrfur  miWlgageymslukerfisinsmeWreglugerWenfyrirsWeraWafhlfuEvr;pusambandsinsverWa  gefintnnarifyrirmliumYauviWmiWsemkerfinuberaWuppfylla. `    & a Um137.gr. " T   0greininnierfjallaWumYautilvikYegar0slandergistirkitgefandaogfelurhnsr # innleiWingu26.gr.tilskipunar2004/109/EB.'a` kvWiWmlirfyrirumaWefFjrmlaeftir  $ litiWkemstaWYvaWtgefandieWaflggunarskylduraWiliskv.78.,79.eWa80.gr.hefursUnt !W% afsrhttsemisembrytigegnkvWumVII.,VIII.eWaIX.kaflaeWaskyldumsamkvmt J""& Yeim,vriviWkomandiaWilimeWheimarki0slandi,skuliFjrmlaeftirlitiWvsamlinutil #' lgbrsstj;rnvaldsheimarkitgefanda.kvWiWmlirjafnframtfyrirumaWkvWi1. #( mlsl.eigiekkiviWumfrestiskv.86.eWa87.gr.stWanersaWYeimtilvikumgengur $ ) slensklggjflengraentilskipunin.0YeimtilvikumskalFjrmlaeftirlitiWekkigrpatilaW v%N!* gerWafyrrenfrestirsamkvmttilskipuninnieruliWnir.XaWYUWiraWFjrmlaeftirlitiWskal A&"+ ekkivsamlitillgbrsstj;rnvaldsheimarkitgefandafyrrenfj;rirviWskiptadagareru  '", liWnirfrstofnunflggunarskyldunYessaWflggunarskylduraWiliskv.78.,79.eWa80.gr. '#- hafisenttilkynningu.SmuleiWisskalFjrmlaeftirlitiWekkivsamlitillgbrsstj;rnvalds ( heimarkitgefandafyrrenYrrviWskiptadagarhafaliWiWfrYvaWtgefandabarsttilkynn  ingfrflggunarskyldumaWila.stWaYessararreglueraliWur2.mgr.3.gr.tilskipunar  2004/109/EBumaWgistirkis;heimiltaWgerastrangarikrfurenkvWitilskipunarinnar a mlafyrirum. T,   Samkvmt2.mgr.eigabeinaraWgerWirFjrmlaeftirlitsinssrekkistaWnemabrothaldi  framYrttfyrirrWstafanirlgbrastj;rnvaldsinsheimarkitgefandaeWavegnaYessaW  slkarrWstafanirberaekkirangur.EfsstaWakemuruppberFjrmlaeftirlitinuskyldatil   aWgeraallarviWeigandirWstafanirtilaWverndafjrfesta.  X   & a Um138.gr.    Q   0greininnierfjallaWumeftirlitskipulegsverWbrfamarkaWar.kvWiWer;breyttfr71.    gr.gildandilaga.'a ]      Um139.gr. B  g   0kvWinuerfjallaWumgagnsistrfumFjrmlaeftirlitsins.kvWiWer;breyttfr    72.gr.gildandilaga.     Um140.gr. nF \   kvWiWmlirfyrirumheimildrWherratilaWsetjannarikvWiumkrfurtilmiWlgs 9 geymslukerfisreglugerW.FyrirsWeraWEvr;pusambandiWmunvntanlegritilskipun  tfrannarreglurvarWandiUmiskvWigagnsistilskipunarinnar,YarmeWalumkrfur  semgeraskaltilmiWlgageymslukerfisins.0lj;siYessaYykirrttaWveitarWherraheimild r tilaWsetjareglugerWnnarikvWiumYrkrfur. e=   & a UmXV.kafla.     0XV.kaflafrumvarpsinserukvWiumviWurlg.ViWurlagakvWierunXI.kaflalag  anna.NokkrarbreytingarerulagWar'a tilviWurlagakaflanumtilsamrmisviWfrumvarptil i lagaumbreytingarlagakvWumumviWurlgviWbrotumfjrmlamarkaWi.0Yvfrum \4 varpierulagWartilbreytingarngildandilgumumverWbrfaviWskipti.Helstubreytingar ' semlagWarerutilviWurlagakaflanumfelastfyrstalagiYvaWlagtertilaWrefsibyrgW  vegnabrotagegnlgumumverWbrfaviWskiptiverWiafmrkuWnnarensamkvmtgildandi  lgum.XerlagttilaWheimildirFjrmlaeftirlitsinstilaWleggjastj;rnvaldssektirfyrirtki `  ogeinstaklingavegnabrotalgunumverWigerWarvWtkarienner.XerlagttilaWsr S+! stkfyrningarkvWivarWandiheimildFjrmlaeftirlitsinstilaWleggjastj;rnvaldssektir " verWilgfest.LagtertilaWheimildirFjrmlaeftirlitsinstilaWleggjastj;rnvaldssektirfalli # niWurYegarsjreruliWinfrYvaWhttsemilauk.EinnigerlagttilaWkveWiWverWium  $ aWbrotgegnlgumumverWbrfaviWskiptistiaWeinsopinberriranns;knaWundangenginni !W% kruFjrmlaeftirlitsinstillgreglu.EinnigerlagttilaWnokkrumkvWumverWibttviW J""& lginsemstuWlaeigaaWsamvinnulgregluogFjrmlaeftirlitsinsviWranns;knYeimbrot #' umsemgetabWivarWaWstj;rnvaldssektumogrefsibyrgW.XerlagttilaWlgfestverWi #( kvWierkveWurumrtteinstaklingstilaWfellaekkisksjlfansigviWranns;kn $ ) stj;rnsUslustigi.LokserlagttilaWlgfestverWiheimildtilhandaFjrmlaeftirlitinutilaW v%N!* ljkamlummeWstt. A&"+    '",   Um& a  141.gr. ( 2   0greininnierukvWiumlagningustj;rnvaldssektavegnabrotalgunum.074.gr.  gildandilagaumverWbrfaviWskiptiern'a(A ԀkveWiWumstj;rnvaldssektir,ensamkvmt  kvWinuerFjrmlaeftirlitinuheimiltaWleggjastj;rnvaldssektirYaWilasembrj;tagegn a 59.og62.!67.gr.lagannaenYareraWfinnaregluruminnherjaviWskipti.Ngetastj;rn T, valdssektirnumiWfr10Ys.kr.til2millj.kr.    01.mgr.frumvarpsinsermltfyrirumheimildFjrmlaeftirlitsinstilaWleggjastj;rn  valdssektireinstaklingaog/eWafyrirtkiviWnnartilteknaraWstWur.0kvWinueraW   finnaupptalninguYeimbrotumsemlagtertilaWgetivarWaWstj;rnvaldssektum.UmeraW  X rWamunfleirikvWiensamkvmtngildandilgum.XannigergertrWfyriraWFjrmla K #  eftirlitiWgetilagtstj;rnvaldssektireinstaklingaoglgaWilaefYeirhafabrotiWgegn1.mgr.    44.gr.umalmennttboWverWbrfaoglUsingu,45.gr.umupplUsingarlUsingu,1.mgr.46.    gr.umviWaukaviWlUsingu,1.mgr.48.gr.umrlegaupplUsingagjf,57.gr.umopinbera   birtingursreiknings,58.gr.umopinberabirtingurshlutareikningsvegnafyrstusexmnaWa wO  reikningsrsins,1.mgr.59.gr.umbirtingugreinargerWarfrstj;rn,1.mgr.62.gr.umopin B  berabirtinguEvr;pskaefnahagssvWinuogsendinguupplUsingatilFjrmlaeftirlitsins,    63.gr.umsendinguupplUsingatilFjrmlaeftirlitsins,64.gr.umtunguml,1.!3.mgr.68.   gr.umopinberabirtinguupplUsinga,69.gr.umsendingudragaaWbreytingumstofnsamn {  ingieWasamYykktumtilFjrmlaeftirlitsinseWaskipulegsverWbrfamarkaWar,1.mgr.73. nF gr.umopinberabirtinguupplUsingaskv.VIII.kaflaogsamhliWasendinguupplUsinganna 9 tilFjrmlaeftirlitsins,74.gr.umsendinguallraupplUsingasembirtarhafaveriWopinberlega  tilFjrmlaeftirlitsinstilmiWlgrarvarWveislu,75.gr.umtunguml,1.og2.mgr.78.gr.um  flggunarskyldu,79.gr.umflggunarskylduviWsrstakaraWstWur,84.gr.umskyldutgef r andatilaWbirtaopinberlegaupplUsingarumheildarfjldahlutaogheildarfjldaatkvWa e= sWastaviWskiptadegiYessmnaWarerbreytingarnareigasrstaW,1.mgr.85.gr.umefni 0 flggunartilkynninga,86.gr.umtmafrestitilkynningafrflggunarskyldumaWila,1.mgr.  87.gr.umbirtingutgefandaupplUsingumtilkynningaskv.85.gr.,93.gr.umflggunar  skylduvegnaeiginhluta,1.mgr.95.gr.umopinberabirtingutgefandaupplUsingumskv. i IX.kafla,96.gr.umsendinguallraupplUsingasembirtarhafaveriWopinberlegatilFjr \4 mlaeftirlitsinstilmiWlgrarvarWveislu,97.gr.umtunguml,1.mgr.100.gr.um ' tilboWsskyldu,6.mgr.100.gr.,2.mgr.101.gr.og114.gr.umtilboWsyfirlit,102.gr.um  tilkynninguumtilboW,1.!7.mgr.103.gr.umskilmlatilboWs,104.gr.umskyldurstj;rnar,  2.mgr.106.gr.um;gildingutilboWs,3.mgr.107.gr.umskyldutilaWbirtabreytingar `  tilboWiopinberlega,1.mgr.109.gr.umupplUsingarumniWurstWurtilboWs,116.gr.um S+! tilkynningarviWskiptavaka,117.gr.ummarkaWsmisnotkunogmilligngufjrmlafyrirtkis, " 122.gr.umupplUsingaskyldu,frestunupplUsingaskylduoglgmtamiWlun # innherjaupplUsinga,123.gr.uminnherjasvik,1.mgr.124.gr.ummilligngu  $ fjrmlafyrirtkis,125.gr.umranns;knarskyldufruminnherja,126.gr.um !W% tilkynningarskyldufruminnherja,127.gr.umbirtinguupplUsingaumviWskiptistj;rnenda, J""& 128.gr.uminnherjaskr,129.gr.umtilkynningutilinnherjaog130.gr.umeftirlitmeW #' meWferWinnherjaupplUsingaogviWskiptuminnherja. #(   0frumvarpiYessuergertrWfyriraWlgfestverWi142.gr.heimildtilhandaFjrmla $ ) eftirlitinutilaWljkamlummeWstt.XvertaliWrttaWFjrmlaeftirlitiWgetilagtstj;rn v%N!* valdssektirfyrirtkieWaeinstaklingaefYaufaraekkieftirkvWumsttarinnar. A&"+   02.mgr.greinarinnarerkveWiWumaWFjrmlaeftirlitiWgetilagtstj;rnvaldssektirein  '", staklingaogfyrirtkisembrj;tagr;flegaeWatrekaWgegn5.!21.og25gr.umrttindiog '#- skyldurfjrmlafyrirtkja.Samkvmt2.mgr.75.gr.gildandilagavarWarYaWsektumaW ( brj;tagr;flegaogtrekaWgegnsambrilegumkvWum.EkkierlagttilaWbrotgegnkvW  um5.!21.og25gr.varWirefsinguogfelurfrumvarpiWYvsraWbrotinvarWistj;rnvalds  sektumstaWrefsingar. a   03.mgr.erkveWiWumlagningustj;rnvaldssekta.01.og2.mlsl.erkveWiWumfjr T, hWstj;rnvaldssektaogerlgWtilhkkunfjrhWYeirra.Samkvmtgildandilgumgeta  stj;rnvaldssektirnumiWfr10Ys.kr.til2millj.kr.Beitingstj;rnvaldssektahefurreynst  velgrundvelligildandilaga,enhafaverWurhugaaWheimildtilbeitingarstj;rnvaldssekta   erafartakmrkuWogaWeinsheimilgagnvarteinfldumformbrotum.0lj;siYeirrabreytinga  X semlagWarerutilfrumvarpinuheimildumFjrmlaeftirlitsinstilaWbeita K #  stj;rnvaldssektum&  vegnabrotalgunumerlj;staWekkierunntaWmiWaviWfjrhWarmrk    gildandilaga.' Ԁ0mlsgreininnierlagttilaWsektirsemlagWarerueinstaklingagetinumiW    fr10Ys.kr.til20millj.kr.,enaWsektirsemlagWarerulgaWilaverWihrrioggeti   numiWfr50Ys.kr.til50millj.kr.0lj;siYessaWhkkunefrimrkumsektaerlgWtil wO  erjafnframtlagttilaWannaroglgrisektarammigildifyrireinstaklingaenaWunntverWiaW B  leggjahrrisektirfyrirtki.XegarfjallaWerumsektarfjrhWirnarerrttaWhafahuga    aWhmarkssektumsamkvmtkvWinuverWurekkibeittnemasemviWurlgumviWallra   alvarlegustubrotunumsemFjrmlaeftirlitiWleggurstj;rnvaldssektirviW. {    ViWmathfilegumhmarkssektumverWureinnigaWhafahugaumfangviWskipta nF fjrmlamarkaWi.FjrhWirviWskiptumfjrmlamarkaWierugrWarlegardaghvern. 9 HagnaWurafeinumviWskiptumgeturnumiWmargfaldriYeirrifjrhWsemgerterrWfyrir  aWstj;rnvaldssektirgetihstnumiWsamkvmtfrumvarpinu.    03.mlsl.3.mgr.komaframYauatriWisemhafaskaltilhliWsj;narviWkvrWunsekta. r Upptalninginerekkitmandi,enYarkemurframaWtekiWskulitillittilalvarleikabrots,hvaW e= brothefurstaWiWlengi,samstarfsviljahinsbrotlegaaWilaoghvortumeraWrWatrekaWbrot. 0 04.mlsl.erkveWiWumaWstj;rnFjrmlaeftirlitsinsskulitakakvarWanirumstj;rnvalds  sektirogaWsektirnarsuaWfararhfar.SambrilegtkvWiergildandilgum.Xer5.  mlsl.kveWiWumaWsektirskulirennarkissj;WaWfrdregnumkostnaWiviWinnheimtuna. i HeimildintilaWdragainnheimtukostnaWfrernUmli,eneWlilegtYykiraWinnheimtukostn \4 aWur,semoftgeturveriWallnokkurogstofnuninberkostnaWaf,rennitilhennar.LokserYaW ' nUmli6.og7.mlsl.3.mgr.aWmlterfyrirumgreiWsludrttarvaxtaaffjrhWstj;rn  valdssektasemFjrmlaeftirlitiWleggur.LagtertilaWdrttarvextirbyrjiaWreiknasteftir  mnuWfrkvrWunFjrmlaeftirlitsinsogaWumkvrWunogtreikningYeirrafarieftir `  lgumumvextiogverWtryggingu. S+!   04.mgr.erkveWiWumaWstj;rnvaldssektumverWibeitthvortsemlgbroterframiWaf " setningieWagleysi.0gildandilgumerkveWiWumaWbrotYeimvarWirefsinguhvort # semYaueruframinafsetningieWagleysi,sbr.4.mgr.78.gr.Yeirra.XaWerY;lj;staW  $ alvarleikibrotsrWurmikluviWkvrWunumfjrhWstj;rnvaldssektarogaWstj;rnvalds !W% sektirfyrirgleysisbrotverWaalmenntlgrienfyrirsetningsbrot. J""&   Um142.gr. #(    0greininnierkveWiWumheimildirtilhandaFjrmlaeftirlitinuaWljkamlummeWstt. $ ) 0gildandilgumerekkimltfyrirumslkarheimildirenlgfestingYeirramundistuWlaaW v%N!* frekaragagnsiogstyrkjangildandiheimildir. A&"+   0tillgunniaWsttakvWifrumvarpinuerekkiaWeinsgertrWfyrirYvaWFjrmlaeftir  '", litinuverWiheimiltaWbj;WamlsaWilumaWljkamlummeWsttumhfilegasektar '#- greiWslu,heldurertluninaWFjrmlaeftirlitiWgetibeittllumYeimrrWumsemYaWhefur ( lgumsamkvmtYegarmlumerlokiWmeWstt.TilaWunntsaWljkamlimeWsttverWur  samYykkimlsaWilaaWliggjafyrir.SttireruYvekkieinhliWakvarWanirstj;rnvaldsheldur  komamlsaWilareinnigaWYeim.XverlagttilaWkveWiWverWiskUrtumaWYrsubind a andifyriraWilaYegarhannhefursamYykktsttinaogstaWfestefnihennarmeWundirskrift T, sinni.FjrmlaeftirlitinuerekkiheimiltaWljkamlimeWsttefumaWrWameirihttar  brotsemrefsiviWurlgliggjaviW.LoksergertrWfyriraWFjrmlaeftirlitiWskulisetjannari  reglurumframkvmdkvWisins.     Um143.gr. K #  -   0greininnierlagttilaWlgfestverWikvWierkveWurumrtteinstaklingstilaWfella    ekkisigskviWranns;knstj;rnsUslustigi.meWanslktalmenntkvWierekkistj;rn    sUslulgumYykirskilegtaWinntakrttarinsverWilgfestverWbrfaviWskiptalgunumYar   semstj;rnsUsluviWurlg,semtalistgetaviWurlgviW?refsiverWubroti skilningi1.mgr.6. wO  gr.mannrttindasttmlaEvr;pu,liggjaviWbrotumlgunum. B    kvWiWaWeinsviWeftilstaWarer?rkstuddurgrunur umaWviWkomandihafiframiW    refsivertbrot.XykireWlilegtaWmiWaviWaWgrunuryfirvaldassvosterkuraWstWavri   tilaWveitaviWkomandirttarstWugrunaWsmannssamkvmtreglumopinbersrttarfars. {  XannigverWiaWveratilstaWaraWstWureWasnnunarggnsembenditilsektarviWkomandi nF ogranns;knYurfiaWbeinastaWhonumsrstaklegaenekkistrrih;pimanna.EftilstaWar 9 errkstuddurgrunurumaWviWkomandihafiframiWrefsivertbroterhonumaWeinsskyltaW  veitaupplUsingarefunnteraWtilokaaWYrgetihaftYUWingufyrirkvrWunumsekthans.  VrihonumYvt.d.skyltaWveitaupplUsingarumnafnsittogheimilisfang. r   Um144.gr. 0    0kvWinuerlagttilaWlgfestverWiaWheimildFjrmlaeftirlitsinstilaWleggja  stj;rnvaldssektirfalliniWurYegarsjreruliWinfrYvaWhttsemilauk.Ekkierusambri  legfyrningarkvWigildandilgum.VegnaYesshversualvarlegbrotgegnlgumumverW i brfaviWskiptieruerYessifresturlagWurtil.XarsemkveWiWerum146.gr.frumvarpsins \4 aWhmarksrefsingvegnabrotagegnlgunumskuliverasektireWafangelsialltaWsexrum ' erfyrningarfresturtilaWleggjarefsingareinstaklingaturskv.81.gr.almennrahegn  ingarlaga,nr.19/1940.01.mgr.20.gr.lagaumb;khald,nr.145/1994,erkveWiWumaW  varWveitaskulib;khaldsggnogfylgiskjlsjrfrlokumviWkomandireikningsrs.0lj;si `  YessaerlagttilaWheimildFjrmlaeftirlitsinstilaWleggjastj;rnvaldssektirfalliniWur S+! YegarsjreruliWinfrYvaWhttsemilauk. "   &  ViWafmrkunYesshvenrhttsemilaukberaWtakamiWafmeginreglumrefsirttarog # fjrmlamarkaWsrttarumYaWatriWi.' AfYvleiWiraWefumsamfelldabrotastarfsemieWa  $ standsbroteraWrWatelstbrotiekkilokiWfyrrenhinu;lgmtastandilinnirogupphaf !W% fyrningarfreststelstYeinnigfrYeimtma. J""&   02.mgr.erkveWiWumaWtilkynningFjrmlaeftirlitsinstilaWilaumranns;knmeintu #' brotirjfifyrningu.ReglansraWnokkruleytihliWstWu4.mgr.82.gr.almennrahegn #( ingarlaga.EinnigerkveWiWumaWroffyrningarfrestshafirttarhrifgagnvartllumsem $ ) staWiWhafaaWbroti.AfYvleiWiraWY;ttranns;knbeinistupphafiaWeinumaWilahindra v%N!* fyrningarreglurekkiaWlgWverWistj;rnsUsluviWurlgaWraaWilasemsWarkemurlj;saW A&"+ st;WueinnigaWbroti.RtteraWtakaframaWY;ttrtturFjrmlaeftirlitsinstillagningar  '", stj;rnvaldssektasfyrndurkomakvWiYessarargreinarekkivegfyriraWFjrmlaeftirlit '#- iWfjalliefnis&  legaummlogkveWiupprumYaWhvorttiltekinhttsemihafifaliWsrbrot ( gegnlgum'( umverWbrfaviWskipti.    Um145.gr. a    0greininnierkveWiWumrefsingarvegnasaknmrarhttsemitengslumviWnnartil T, greindkvWilaganna.RefsikvWigildandilagaeru76.!78.gr.Yeirraogfelatillgur  frumvarpsinssrnokkrabreytinguYeim.LagtertilaWbrotnnartilteknumkvWum  lagannavarWisektumeWafangelsialltaWtveimurrum.0146.gr.erlagttilaWalltaWsexra   fangelsiliggiviWYarbrotumsemYarerutilgreind.XvfelurfrumvarpiWsrnokkraYyng  X inguviWurlgumfrYvsemergildandilgum,en76.gr.gildandilagaerkveWiWum K #  aWbrotgegnnnartilgreindumkvWumlagannavarWisektumeWafangelsialltaWeinuri    ogbrotYausemtalineruupp77.gr.varWasektumeWafangelsialltaWtveimurrum.      LagtertilaWbrotgegnmunfleirikvWumvarWirefsinguensamkvmtgildandilgum.   XannigergertrWfyriraWYaWvarWisektumeWafangelsialltaWtveimurrumaWbrj;tagegn wO  1.mgr.44.gr.umalmennttboWverWbrfaoglUsingu,45.gr.umupplUsingarlUsingu,1. B  mgr.46.gr.umviWaukaviWlUsingu,1.mgr.48.gr.umrlegaupplUsingagjf,1.og2.mgr.    78.gr.umflggunarskyldu,79.gr.umflggunarskylduviWsrstakaraWstWur,93.gr.um   flggunarskylduvegnaeiginhluta,1.mgr.100.gr.umtilboWsskyldu,6.mgr.100.gr.og2. {  mgr.101.gr.umtilboWsyfirlit,102.gr.umtilkynninguumtilboW,1.!7.mgr.103.gr.um nF skilmlatilboWs,104.gr.umskyldurstj;rnar,2.mgr.106.gr.um;gildingutilboWs,1.mgr. 9 109.gr.umupplUsingarumniWurstWurtilboWs,116.gr.umtilkynningarviWskiptavaka,122.  gr.umupplUsingaskyldu,frestunupplUsingaskylduoglgmtamiWluninnherjaupplUsinga,  125.gr.umranns;knarskyldufruminnherja,126.gr.umtilkynningarskyldufruminnherja, r 127.gr.umbirtinguupplUsingaumviWskiptistj;rnenda,128.gr.uminnherjaskrog130. e= gr.umeftirlitmeWmeWferWinnherjaupplUsingaogviWskiptuminnherja. 0   & , X;aWbrotgegnsumumkvWumvarWibWistj;rnvaldssektumogrefsingumkemurY;  aldreitilYessaWsamiaWiliYurfiaWstarefsinguoglagningustj;rnvaldssektafyrirsama  brot. i ',   Um146.gr. ' I   0greininnierlagttilaWYaWvarWisektumeWafangelsialltaWsexrumaWbrj;tagegn  kvWum1.mgr.117.gr.ummarkaWsmisnotkun,2.mgr.117.gr.og1.mgr.124.gr.um  milligngufjrmlafyrirtkisog123.gr.uminnherjasvik. `    BrotgegnsambrilegumkvWumvarWansektumeWafangelsialltaWtveimurrum, S+! sbr.77.gr.gildandilaga,enerutalinsvoalvarlegaWnauWsynlegtsaWstrngviWurlgliggi " viWYeimogerYvlgWtilYyngingviWurlgum.BrotgegnllumframantldumkvWum # varWaeinnigstj;rnvaldssektum.XaWkemurY;aldreitilYessaWsamiaWiliYurfiaWstarefs  $ inguoglagningustj;rnvaldssektafyrirsamabrot. !W%   Um147.gr. #' 9   0kvWinuerlagttilaWkveWiWverWiumaWbrotgegnlgunumvarWirefsinguhvortsem #( YaueruframinafsetningieWagleysi.SambrilegtkvWiern4.mgr.78.gr.gildandi $ ) laga. v%N!*   02.mgr.erkveWiWumaWheimiltsaWgeraupptkanmeWd;mibeinaneWa;beinan A&"+ hagnaWsemhlotisthefurafbrotigegnkvWumlagannaervarWarefsingu.kvWiWerhliW  '", sttt2.mgr.78.gr.gildandilaga. '#-   05.mgr.78.gr.gildandilagaerkveWiWumaWbrotkvWumlagannafyrnistfimm ( rum.EkkiYykirstWatilaWhafasrstaktfyrningarkvWivarWandirefsingarlgumum  verWbrfaviWskipti,endagildakvWi81.gr.almennrahegningarlagaumfyrningubrotanna,  enYarsegir2.og3.tlul.aWskfyrnistfimmrumYegarekkiliggurYyngrirefsingviW a brotienfjgurrarafangelsi,enturumYegarekkiliggurYyngrirefsingviWbrotientu T, rafangelsi.  &    03.mgr.ermltfyrirumaWtilrauntilbrotseWahlutdeildbrotumkvWumlaganna  srefsiverWeftirYvsemsegiralmennumhegningarlgum' .     Um148.gr. K #     HrerlagttilaWsettverWilginkvWiumverklagviWranns;knmlaYarsemmeint    brotvarWabWistj;rnvaldssektumogrefsiviWurlgumogumsamskiptimilliFjrmlaeftir    litsinsoglgregluogkruvalds.     01.og2.mgr.erkveWiWumhvernigskulifarameWbrotgegnlgunumsembWigeta wO  varWaWstj;rnvaldssektumogrefsingu.01.mgr.erkveWiWumaWbrotgegnlgunumsti B  aWeinsopinberriranns;knaWundangenginnikruFjrmlaeftirlitstillgreglu.02.mgr.er    sWanmltfyrirumaWefmeintbrotvarWarbWistj;rnvaldssektumogrefsingumetiFjr   mlaeftirlitiWhvortmliWskulikrttillgreglueWaYvlokiWmeWstj;rnvaldskvrWunhj {  stofnuninni.EWlilegtYykiraWYaWfallihlutstj;rnvaldsaWmetahvortljkaberimlimeW nF stj;rnsUsluviWurlgumeWakraYaWtillgreglu.0mlsgreininniersWanaWfinnaviWmiWum 9 YaWhvenrFjrmlaeftirlitinuberaWkramltillgreglu.LagtertilaWstofnuninniberi  aWkrallmeirihttarbrotlgunumsemvarWarefsingumtillgreglu.Brotteljastmeiri  httarskilningikvWisinsefYaultaaWverulegumfjrhWum,efverknaWurerframinn r meWsrstaklegavtaverWumhttieWaviWaWstWursemaukamjgsaknmibrots.XverW e= urhfWhliWsj;nafheimildumFjrmlaeftirlitsinstilaWleggjastj;rnvaldssektirviWafmrk 0 unYvhvaWabrotteljastmeirihttar.&  LgreglamunsWanrannsakaYaumlsemFjrmla  eftirlitiWvsartilhennarogeftiratvikumgefatkruvegnaYeirra.'T Ԁ    0kvWinusegireinnigaWFjrmlaeftirlitiWgetihvaWastigiranns;knarsemervsaW i mlivegnabrotalgunumtilopinberrarranns;knar. \4   03.mgr.erkveWiWumaWkvrWunFjrmlaeftirlitsinsumaWkramltillgreglutelj ' istekkitilstj;rnsUslukvrWunarogYvgildikvWiIV.!VII.kaflastj;rnsUslulagaekkium  slkarkvarWanirstofnunarinnar.0mlsgreininnierjafnframtkveWiWumaWmeWkruFjr  mlaeftirlitsinsskulifylgjaafritYeirragagnasemgrunurumbroterstuddurviW. `    04.mgr.eraWfinnaheimildfyrirFjrmlaeftirlitiWtilaWltalgregluogkruvaldit S+! upplUsingarogggnsemstofnuninhefuraflaWogtengjastbrotumsembWigetavarWaW " stj;rnvaldssektumogrefsibyrgW.XermlsgreininniheimildfyrirstofnuninatilaWtaka # YttaWgerWumlgreglusemvarWaranns;knYeirrabrotasembWigetavarWaWstj;rnvalds  $ sektumogrefsingu. !W%   05.mgr.erkveWiWumaWlgregluogkruvaldisheimiltaWafhendaFjrmlaeftir J""& litinuupplUsingarogggnsemaflaWhefurveriWogtengjastbrotumsembWigetavarWaW #' stj;rnvaldssektumogrefsibyrgW.XergertrWfyriraWlgreglusheimiltaWtakaYttaW #( gerWumFjrmlaeftirlitsinssemvarWaranns;knbrotasembWigetavarWaWstj;rnvaldssekt $ ) umogrefsingu. v%N!*   0lokamlsgreininnierkveWiWumheimildkrandatilaWsendaeWaendursendamltil A&"+ FjrmlaeftirlitsinstilmeWferWarogkvrWunarYeimtilvikumYarsemekkierutalinefni  '", tilmlshfWunarogmeintrefsiverWhttsemivarWarjafnframtstj;rnsUsluviWurlgum. '#- kvWiWviWhvortsemlgreglaeWakruvaldhafatekiWmluppaWeiginfrumkvWieWa ( fengiWYaWsentfreftirlitsaWilanum.    UmXVI.kafla a    0XVI.kaflalagannaerukvWiumgildistkuogfleira. T,   Um149.gr.  y   0greininnikemurframhvaWatilskipanirlgunumertlaWaWinnleiWa.     Um150.gr. K #  ,   0greininnierlagttilaWlginWlistgildi1.n;vember2007,enYskulureglurYrsem    innleiWaMiFIDtilskipuninatakagildilluEvr;pskaefnahagssvWinu.Jafnframter    kvWinulagttilaWlgnr.33/2003fallirgildi.     UmkvWitilbrWabirgWaI. B     0kvWinusegiraWYeiraWilarsemhafaleyfitilrekstursmarkaWstorgsskv.34.gr.laga    nr.34/1998,umstarfsemikauphallaogskipulegratilboWsmarkaWa,skuliviWgildistkulaga   YessarafleyfitilrekstursmarkaWstorgsfjrmlagerninga(MTF)samkvmtlgumYessum. {    & a UmkvWitilbrWabirgWaII. 9    HrerlagttilaWkveWiWverWiumYaWbrWabirgWakvWiaWfjrmlafyrirtkisemviW  gildistkulagaYessaraviWskiptum'a9 viWaWilasemtelstverafagfjrfestirmegiflokkaviW  komandiframsemfagfjrfestiefYaWerbyggtfaglegumatiaWviWkomandihafingjan r legaYekkinguogreynslutilaWtakasjlfurkvarWanirumfjrfestingar.FjrmlafyrirtkiW e= skalgeraviWkomandifagfjrfestigreinfyrirslkrikvrWun. 0   UmkvWitilbrWabirgWaIII.  u   0kvWinusegiraWbirtingrsreiknings,eWasamstWureikningsefviW,vegnareiknings i rsins2007skulifaraframsamrmiviWkvWi57.gr.ogaWfyrstareikningsriWsem \4 kvWi58.gr.og59.gr.skulitakatilsreikningsriW2008. '  & X Fylgiskjal. " cAU?) dE? A^c  # FjrmlarWuneyti, !W% fjrlagaskrifstofa: J""&    UmsgnumfrumvarptillagaumverWbrfaviWskipti.  #( A   'X5 TilgangurfrumvarpsinseraWinnleiWatilskipunEvr;puYingsinsogrWsins2004/39/EB $ ) ummarkaWifyrirfjrmlagerningaogumbreytingarUmsumtilskipunumYvtengdu.Til v%N!* skipuninerhlutiafsrstakriaWgerWatlunEvr;pusambandsinssemmiWaraWYvaWskapa A&"+ skilvirkaninnrimarkaWmeWfjrmlaYj;nustu,svosemmeWstyttriviWbragWstma,  '", skilvirkaraeftirlitiogflugrineytendavernd.FrumvarpiWerlagtframsamttveimurWrum '#- frumvrpum,Y.e.frumvarpiumkauphallirogfrumvarpiumbreytingarlagakvWumum ( fjrmlafyrirtki,ogervsaWumsagnirmeWYeim.ViWlgfestinguYessafrumvarpsfalla  umleiWrgildilgnr.33/2003,umverWbrfaviWskipti.    MeWfrumvarpinuerskapaWurrammiutanumskipulagogskyldurfjrmlafyrirtkja a verWbrfaviWskiptum.0frumvarpinuergertrWfyriraWFjrmlaeftirlitinuverWiheimiltaW T, leggjastj;rnvaldssektirvegnabrotasemtilgreinderu141.gr.frumvarpsinsogvegna  brota5.!21.gr.og25.gr.lagannaumrttindiogskyldurfjrmlafyrirtkja.Sektirgeta  numiWfr10Ys.kr.til20m.kr.einstaklingaogfr50Ys.kr.til50m.kr.lgaWilaog   skulusektargreiWslurrennarkissj;W.VegnavinnuviWeftirlitertalinYrfYvaWauka  X mannaflahjFjrmlaeftirlitinuumtvstWugildi.XergertrWfyrirkostnaWiviWtlvukerfi K #  semannastsfnuntilkynningainnanlandsumviWskiptimeWfjrmlagerningagrundvelli    framangreindrartilskipunarsamtkostnaWivegnamiWlgssfnunar-ogdreifingarkerfis.    SamkvmtfjrlgumhkkuWugjldFjrmlaeftirlitsinsogtekjurum41%milliranna   2006og2007eWar424m.kr.597,1m.kr. wO    GerterrWfyriraWFjrmlaeftirlitiWYurfiaWmannatvnUstWugildiogfjrfestatlvu B  kerfientlaWeraWkostnaWurvegnatlvukerfisverWi10m.kr.riW2006og10m.kr.riW    2007og5m.kr.rleganrekstrarkostnaWfrogmeWrinu2008.AWWruleytiertlaWaW   kostnaWurvegnafrumvarpsinsverWi;verulegurogverWifjrmagnaWurmeWeftirlitsgjaldi {  samkvmtlgumumgreiWslukostnaWarviWopinberteftirlitmeWfjrmlastarfsemi,nr.99/ nF 1999.VerWifrumvarpiW;breyttaWlgumerYvekkigertrWfyriraWYaWmunihafahrif 9 afkomurkissj;Ws.