Order of the Falcon the left shoulder. In summary: If a holder is promoted to a higher rank, the lower rank's insignia must be returned. The insignia is retained during the recipient's lifetime, but it must be returned to the Icelandic Government upon his or her death. Order of the Falcon The Order of the Falcon () is the only Order of Chivalry of Iceland, founded by King Christian X of Denmark and Iceland on 3 July 1921. The award is awarded for merit for Iceland and humanity and has five degrees. Nowadays, appointments are made on the nomination of the President of Iceland
Order of Merit Order of Merit The Order of Merit () is an order of merit recognising distinguished service in the armed forces, science, art, literature, or for the promotion of culture. Established in 1902 by King Edward VII, admission into the order remains the personal gift of its Sovereign—currently Edward VII's great-granddaughter, Queen Elizabeth II—and is restricted to a maximum of 24 living recipients from the Commonwealth realms, plus a limited number of honorary members. While all members are awarded the right to use the post-nominal letters "OM" and wear the badge of the order, the Order of Merit's precedence among other