.finance

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Status: Delegated
Registry: Donuts
Registry Backend: Rightside
Type: Generic
Category: Commerce
PIC Submitted: Download Here
Priority #: 1766 - Donuts (Cotton Cypress, LLC)
nTLDStats
Registrations: 7,264
Parked Domains: 4,887
Parked Domain %: 67.28 %
Important Dates
Delegation: 29 April 2014
General Availability: 10 September 2014

More Information: NTLDStatsLogo.png

.finance is a gTLD that was proposed in ICANN's New gTLD Program. The applicant and now Registry Operator is Donuts (Cotton Cypress, LLC).[1] Their application succeeded and was delegated to the Root Zone on 29 April 2014.[2]

Background

The application was issued a GAC Early Warning from the representative of Australia and GAC Chair, Heather Dryden. The warning system is noted as a strong recommendation on behalf of national governments to the ICANN Board that a given TLD application should be denied as it stands. Applicants are encouraged to work with objecting GAC members.[3] The warning notes that the TLD refers to a regulated market but that the applicant has not provided for adequate measures to protect from consumer harm.[4]

European Commission Communiqué

The European Commission flagged the application for .finance outside of ICANN's defined remediation processes.

Just after ICANN's GAC issued its Early Warnings, which are advice given from one GAC member country to an applicant warning it of potential issues within its application, the European Commission issued a letter to all applicants within the New gTLD Program. The letter highlights 58 applications that "could raise issues of compatibility with the existing legislation .. and/or with policy positions and objectives of the European Union." It notes a desire to open a dialogue with each offending applicant.

The Commission specifically notes that this objection is not a part of the GAC Early Warning process, and goes on to note that "the Commission does not consider itself legally bound to ICANN processes," given that there is not legal agreement between the two bodies.[5][6]

Contract Signed

On 20 March 2014 Donuts received a Registry Agreement signed by ICANN for .finance after passing all the required processes needed to become a Registry Operator for the string.[7]

Delegation and Availability

.finance was delegated to the Root Zone of the DNS on 29 April, 2014, completing the successful application for the string.[2]

References