The operations of Statistics Iceland are based on several acts of law, official regulations, the UN Fundamental Principles of Official Statistics as well as Statistics Iceland's own Rules of Procedure for Treating Confidential Data. The main laws and regulations are the following:

• Act on Statistics Iceland and official statistics
• Act on the Consumer Price Index, No. 12, 2 March 1995
• Act on Protection of Individuals with regard to the Processing of Personal Data
• Act on the Wage Index, No. 89, 31 March 1989
• The European Statistics Code of Practice
• The UN Fundamental Principles of Officials Statistics
• Rules for handling confidential data