The .IS registration rules (.IS domain policy) have been reorganised and rewritten. No substantial changes have been made but the wording has been updated and modernised.
The rewriting of the policies were done by a local law student Steindór Dan Jensen in cooperation with the ISNIC staff. The new rules will come into effect on 1 November 2011.
For a PDF of the new domain name registration rules, see:
https://www.isnic.is/forms/nyjar_reglur_en.pdf
Register .IS Domain Names at registrar like EuroDNS