November 04, 2016
ICANN, the international body who oversees the domain naming system, has updated its Transfer Policy in relation with the change of registrant.
As of today, the change of ownership of domain names in generic TLDs is rapid and does not require any particular formalities. The updated policy implies that a change of ownership for any domain name in a generic TLD or new gTLD, be validated by both the current registrant and the new one.
Fortunately, ICANN provided an exception to that rule. Any registrar may be a “Designated Agent” and, as such, will be authorized to validate the change of ownership without clients being required to perform any validation operation.
In any event, we draw your attention to the fact that any change of ownership will automatically prevent the domain name from being moved to another registrar for 60 days after such a change.
In order to facilitate the procedures of change of ownership required by our clients, IP Twins will of course be a Designated Agent. Therefore, as required by ICANN, our terms and conditions will be updated to reflect this change.
This new policy will take effect as from December 1, 2016.
Your account manager remains at your disposal for any additional information.