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ICANN Announces New COI Amendment Service

16-Sep-2015 | Source : AG-IP News | Visits : 5050
LOS ANGELES - ICANN launched the Continued Operations Instrument (COI) Amendment Service. A press release by ICANN stated that this service will provide a method for Registry Operators to request changes to the level of funding in their COI. The COIs are an important part of safeguarding the operation of top-level domains (TLDs) by ensuring sufficient financial resources to cover critical registry functions in the event of registry failure.
In December 2011, ICANN published guidance to help Registry Operators calculate the estimated costs for the operations of a TLD based on their projected domain registrations under management (DUMs). Since that time, the launch of new gTLDs has provided Registry Operators with market-driven data points on which to base their projected DUMs. With the COI Amendment Service, Registry Operators now have a mechanism to request a change to the value of their COI to align with the updated DUMs projections of a TLD.

To submit a request, Registry Operators must be in good standing and the domain must have been in General Availability/Registration for a minimum of six months. To begin the process, the registry primary contact must open a case in the GDD Portal and submit a completed COI Amendment Request Form [PDF, 1.04 MB]. For additional requirements, please refer to the Frequently Asked Questions page and the COI Amendment Service Guide [PDF, 314 KB].

ICANN is committed to ensuring that sufficient financial resources are available for the continuity of critical registry functions. Specification 8 of the Registry Agreement states Registry Operators shall have a COI that provides for sufficient financial resources to cover the five critical registry functions. Should a COI be insufficiently funded, ICANN will ask the Registry Operator to use the amendment service to update its COI within 60 days.

A webinar about the COI Amendment Service is scheduled for Wednesday, 30 September 2015 – details below.

Webinar Details & How to Attend
Date / Time: 30 September 2015, 00:00 - 01:00 UTC (time zone converter)
Join Online: https://icann.adobeconnect.com/gdd
Join the Teleconference: Download numbers now [PDF, 114 KB] (Passcode: GDD)
Agenda:
Introduction to COI Amendment Service
Requirements for Submitting a Request
Bank of America – ICANN's Advising Bank
Question & Answers
This webinar will be conducted in English.
ICANN's mission is to ensure a stable, secure and unified global Internet. To reach another person on the Internet you have to type an address into your computer - a name or a number. That address has to be unique so computers know where to find each other. ICANN coordinates these unique identifiers across the world. Without that coordination we wouldn't have one global Internet. ICANN was formed in 1998. It is a not-for-profit public-benefit corporation with participants from all over the world dedicated to keeping the Internet secure, stable and interoperable. It promotes competition and develops policy on the Internet's unique identifiers. ICANN doesn't control content on the Internet. It cannot stop spam and it doesn't deal with access to the Internet. But through its coordination role of the Internet's naming system, it does have an important impact on the expansion and evolution of the Internet. For more information please visit: www.icann.org

 
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