[lac-discuss-en] Increase of the Registrar Accreditation Application Fee and Introduction of Further Due Diligence Background Checks

[Dev Anand Teelucksingh]

Dear All,

On April 21 2011, The ICANN Board of Directors voted to approve an
increase of the Registrar Accreditation Application Fee to offset the
costs for ICANN to conduct additional due diligence checks on
applicants applying to become an ICANN-accredited registrar.
http://www.icann.org/en/minutes/resolutions-21apr11-en.htm#3

Registrars are the organizations accredited by ICANN that processes
the registration for the domain name (once the domain name is
available) and transmits the name and registration details to the
registry operator which operates the registry (the master database)
for the generic Top Level Domain (gTLDs). Currently, there are 21
gTLDs including .com, .net and .org

>From July 1 2011, Applicants applying to become an ICANN-accredited
registrar will
pay a non-refundable fee of $3,500 US.

The additional due diligence checks on applicants will include reviews of:
* Criminal records;
* Credit records;
* Financial history and solvency;
* Corporate/company structure and ownership.

ICANN Announcement:
http://www.icann.org/en/announcements/announcement-01jun11-en.htm



Kind Regards,

Dev Anand Teelucksingh
LACRALO Secretariat