As you know, ICANN has implemented a new Transfer Policy which affects all ICANN-accredited registrars. The Transfer Policy takes effect 1 December 2016.
Here are some of the key aspects that are part of the new Transfer Policy :
A Form of Authorization, or FOA, is the email that is sent to the registered name holder when a domain transfer is initiated to approve the request. The FOA will now expire after 60 days if the transfer is not completed, unless we allow an automatic renewal and the registrant has expressly opted in to an automatic renewal.
● The FOA is void if the domain name expires before approval.
● If a material change is made, we must collect consent from both the Prior Registrant and the New Registrant, prior to making the requested change, even if you represent both parties. A “material change” is a change in the name, company or email address listed for the registrant contact.
● If the Prior Registrant and New Registrant do not confirm the change within 60 days of the request, the change implementation will not proceed.
● Once both Prior and New Registrant parties agree to the requested contact changes, the information will be updated within 1 day after.