68. Are elected officials required to submit reports regarding their finances?

Since November 2011, MPs have to provide a public account of their financial interests and positions of trust outside Parliament. Declaration forms are to be submitted to the Secretariat of the Althingi (Parliament) within one month from the time that a newly elected Parliament convenes; an electronic form is supplied by the Secretariat of the Althingi to all MPs to this effect. MPs are responsible for keeping their declarations up to date during their term of office and any new information must be disclosed within one month of it occurring. The Secretariat of the Althingi is responsible for publishing asset declarations on the Althingi website.

The interests that must be disclosed are laid out in Articles 4 and 5 of the Rules on the declaration of financial interests.