The Flag of the Actionist Icelandic Nationalist Party (Flokkur Þjóðernissinna.)
Formed in 1934 as a merger between the Icelandic Nationalist Movement and the Icelandic Nationalist Party, the Nationalist Party was a minor political party that had expressed an Actionist world view, which took much of it's influences from Mosleyite Britain and Featherston's Confederacy. The party would advocate for corporate statism, Icelandic Nationalism, militarism, and for the government to industrialize and make agrarian reforms.
During the interwar period, the Party would only get their highest percentage of 0.7% of the vote during the 1934 elections and subsequently would get less of the island's vote and would only have the maximum of 450 members. By 1938, the movement would fade from public view and the party would only meet in small cells of members. But when British Forces invaded and occupied Island in April of 1942, senior members of the Nationalist Party would approach the British Occupation Commander, Lieutenant General Robert Sturges, to form a collaborationist government on the island. Later that month, the party's leadership would meet with the British Government in London which would lead to the creation of the Independent State of Iceland (Sjálfstætt Ríki Íslands), which was proclaimed on May 2, 1942. However, the Icelandic Actionist regime would be nothing more than a puppet for the British as they used Iceland as a strategic base for their naval and air operations in the North Atlantic. Despite British promises to the Icelandic Actionists of full control of the territory after the war, this would not be the case as Iceland was liberated by American forces in October of 1943 and the Nationalist Party disbanded shortly afterwards.