In the latest issue of Vísbendingar (no. 20, 2026 https://visbending.is/greinar/krokaaflakerfi/) discuss Árni Sv. Mathiesen, Kalman Christer and Særós
Eva Óskarsdóttir on the effect that a change in the definition of related parties would have on the calculation of the maximum power share.
Legislative rules provide that the maximum value share of fishing vessels with a quota share may not exceed 51% of the total value share of the quota share. In recent years, bills have been introduced proposing an amendment to the definition of associated undertakings.
The article examines what effect such a change would have on the allocations of recent years, for operators close to 5%. The results show that several operators would exceed the limit, and in two cases, the increase would be significant:
- The JV/Salting group would move to a share of just over 91%, well above the 51% maximum.
- The pelagic processing at Fáskrúðsfjörður would increase from 4.9% to 7.5%. The share of several groups increases considerably when calculated using the method of the draft bill. Three
The biggest players in the quota system would have to reduce their involvement if the proposals were to be enacted – by selling quotas or companies.
