Opening of the formal investigation procedure. (104) Based on the information submitted by the complainant and the Icelandic authorities, the Authority, after car rying out the preliminary assessment, cannot exclude the possibility that the measure under assessment consti tutes State aid within the meaning of Article 61(1) of the EEA Agreement. Furthermore, for the reasons set out above, the Authority has doubts as regards the compatibility of the potential State aid with the functioning of the EEA Agreement.
