Referendum set for 6 March 2010
The Minister of Justice and Human Rights, Mrs. Ragna Árnadóttir, has decided in consultation with the National Electoral Commission of Iceland that a referendum is to be held on 6 March 2010 on the future validity of the Act No. 1/2010, amending the Act No. 96/2009 authorising the Minister of Finance, on behalf of the State Treasury, to issue a state guarantee of the loans granted by the governments of the UK and the Netherlands to the Depositors' and Investors' Guarantee Fund of Iceland to cover payments to the depositors of Landsbanki Íslands hf. The Althingi passed the Act No. 1/2010, but the President withheld his approval. Consequently, the Act is to be submitted to a referendum by the electorate, for approval or rejection by secret ballot.
All those who have the right to vote in general elections have the right to participate in the referendum.