Did you know there is a new domain name transfer and registrant change policy that is being implemented by ICANN on December 1, 2016? You can read the full transfer policy on ICANN’s website.
In addition, OpenSRS published a blog post about the policy change. Here is how the company stated that these changes will impact its customers:
Any changes to first name, last name, organization or email address fields for the owner of any gTLD domain name will now start a trade process
The process involves obtaining explicit confirmation from current and new registrants before a change can be completed
After a change of registrant has been completed, previous and new registrant need to receive notifications about the change, with no option of reversing the change
After a change of registrant has been completed, the domain is by default locked for transfers to a new registrar for the following 60 days
I believe this change is going to impact many of us who regularly buy and sell domain names.
One of the most obvious ways this will impact my business is when I want to re-sell a recently acquired domain name. If a buyer of mine wants to transfer the domain name to a different registrar within the first 60 days after buying it, the domain name will be locked. Based on what Open SRS stated in the blog post, it appears that I can push it to their account at the same registrar, but the domain name will then be locked down for an additional 60 days when the Whois changes.
This is not going to be a huge change for people who do much of their business at GoDaddy. I believe the company already has a similar policy to this in place. The only difference is that the GoDaddy lock may be able to be removed before the 60 days are up, but it requires an approval. Now that this is an ICANN policy, this 60 day transfer lock won’t be removed.
Finally, from what I can see, the policy looks similar to the policy on new hand registrations, which are also transfer locked for the first 60 days.
I have not fully read the entire ICANN transfer and registrant change policy, but I wanted to make you aware of this change.
Thanks to Nat Cohen for sharing this information with me.