National Day in Iceland is observed on June 17 each year, celebrating the foundation of the Republic of Iceland. The holiday commemorates the signing of the Danish-Icelandic Act of Union in 1918, which recognized Iceland as a fully sovereign state, and the subsequent declaration of independence from Denmark on June 17, 1944. Celebrations typically include an annual parade featuring riders on horses, a brass band, and flagbearers from the Icelandic scout movement. Following the parade, several speeches are made, marking the official celebration, while informal festivities often include musical concerts. Children particularly enjoy this day, indulging in candies. The event highlights Iceland's national pride and historical significance.