On 20 August 2014, the Official Journal (Stjórnartíðinda) published the 311 page Regulation № 758/2014 (of 18 July 2014) for monitoring services and items that may have strategic significance with schedules.  The Regulations are more detailed provisions on the implementation of Act № 58/2010 on the control of services and items that may have strategic significance. The regulation includes provisions for the control of dual applicability, defense-related goods and sharing their compliance with international commitments. Dual-use goods are addressed.

The Regulation provides that no person shall export military equipment or dual usability without the permission of the Minister, except that a police chief, may issue a license for the export of the weapons under the Weapons Act, after consultation with the Foreign Ministry.  The Regulation further provides for the implementation by regulation of export licenses by the types of countries.

The Ministry of Foreign Affairs will maintain a register of entities authorized to export military goods. Before an exporter uses a general export license for dual applicability, he shall register with the Ministry of Foreign Affairs.

The Regulation adopts various EU export controls (with adjustments) and prohibits the importation, without the permission of the Minister, of articles that may be used, in whole or in part, in connection with the development, production, handling, operation, maintenance, storage, detection, identification or dissemination of chemical, biological or nuclear weapons or other nuclear explosive devices or the development, production, maintenance or storage of missiles capable of delivering such weapons.