NOTE—to see whether notification thresholds in Iceland and throughout the world are met, see further: Where to Notify. 1. Have there been any recent developments regarding the Icelandic merger control regime and are any updates/developments expected in the coming year? Are there any other ‘hot’ merger control issues in Iceland? There have not been recent developments regarding the Icelandic merger control regime. However, in September 2025, the national government announced its intention to amend the merger provisions of Competition Act, No 44/2005. A draft bill was published for public review and observations. After receiving comments from stakeholders, the matter is currently under review by the Ministry, and a final bill has not been introduced in Parliament. We anticipate that a bill will be introduced during the term of the sitting government. Based on the original draft bill, changes are expected to include higher turnover thresholds with yearly increases linked to index, the introduction of ‘stopping the clock’ under certain circumstances and broader investigative authorisations for the Icelandic Competition Authority (CA). In terms of 'hot' issues’, one of the main concerns