Effective Date: January 1, 2014
In an effort to continue to ensure we fully partner with .CO Registrars to grow the awareness of the .CO domain, we have introduced two new rules into the .CO Accreditation Process. These two rules will not impact the vast majority of our Registrars. This update will be effective January 1, 2014 for all existing registrars (these rules are currently in effect for newly accredited registrars as of July 2013).
The two rules are the following:
1. Minimum New Registration Fee
2. Reinstatement Fee
Minimum New Registration Fee: .CO is selective in its accreditation process to ensure registrar partners fully commit to market the .CO domain and grow the name space globally. Therefore, for Registrars that do not meet a minimum growth target of 500 new create registrations in a calendar year, a Minimum New Registration Fee of US$500 will be charged. If the minimum growth target or more is achieved, the fee will be waived. For registrars that signed the ARA prior to July 2013, the minimum requirement will be reviewed in January 2015 for the new registrations completed in the 2014 calendar year.
Reinstatement Fee: As .CO continues to grow and manage an increased number of registrars and to uphold the same standards with all partners, the registry has implemented the Reinstatement Fee. In the event a Registrar’s financial deposit account has been put on Hold Status more than once in a calendar year, a fee of US$1,000 will be charged every time thereafter.
For a full description of the ARA terms, please see below.
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Per the Administrator-Registrar Agreement (ARA), Section 3.10, Compliance with Terms and Conditions, .CO Internet will introduce a set a fees established by the Registry to be debited from the Registrar’s Deposit Account as set forth below.
Minimum New Registration Fee. In the event Registrar fails to register at least 42 new Registered Names per whole calendar month of the first calendar year of the Term, or 500 new Registered Names in any subsequent calendar year of the Term, Administrator may, in its discretion, charge Registrar a fee of US$500 for each such failure (the “Minimum New Registration Fee”). All Minimum New Registration Fees will be debited from the Deposit Account.
Non-Payment of Fees: In the event the Deposit Account balance drops below the minimum requirement established in accordance with the Account Application Form (the “Minimum Balance”), or Registrar otherwise fails to pay any fees when due in accordance herewith or with any applicable Administrator Policies, Administrator reserves the right to take any action it deems appropriate in order to protect Administrator’s interest which may include any or all of the following: (a) suspend acceptance of new initial, renewal or transferred registrations from Registrar (“Hold Status”); (b) delete the Registered Names associated with the deficiency from the Registry database; and/or (c) pursue any other remedy under this Agreement and/or that may be available at law or in equity. In addition to the foregoing, in the event Registrar is put on Hold Status more than once in any calendar year, in addition to correcting any deficiency required by this Agreement, Administrator will charge Registrar a reinstatement fee of US$1,000 (the “Reinstatement Fee”) the second and each additional time Registrar is put on Hold Status in such calendar year. Registrar must pay the Reinstatement Fee in order to remove the Hold Status. All Reinstatement Fees will be debited from the Deposit Account and, therefore, must be factored into the amount of funds Registrar deposits into the Deposit Account to replenish the Minimum Balance in order to remove the Hold Status.