23 May 2023

Icelandic GO system

On the 27th of April 2023, the AIB issued a notice regarding the possible breach of EECS rules by the Icelandic issuing body Landsnet. The AIB board has concluded a compliance assessment against its Icelandic member, issued a rectification order and has suspended all exports of Icelandic GOs until further notice. The AIB states that it is its intention to help Landsnet to resolve the issue and thereby securing Icelandic national interests and further strengthening the GO system. More information can be found in the AIB’s press release and Q&A on the matter. The RECS Secretariat is engaging with affected market participants and invites members and other stakeholders with concerns to contact Secretary-General Adam White at a.white@recs.org