On December 1st, 2016, ICANN will be instituting a new policy regarding how domain transfers between registrants are handled.
ICANN is revising its Inter-Registrar Transfer Policy (IRTP) in an effort to reduce the risk of fraud and “domain hijacking.” It will now require domain name registrants to complete additional steps in order to confirm a transfer to another party. At the same time, it will also affect any domain name registrant making routine changes to their contact information. Here is a summary of the policy changes:
This policy comes into effect any time a gTLD domain registrant’s first name, last name, or email address is changed
Whenever a change is made, both the current registrant and the new registrant must confirm the change (even if those two are actually the same person or entity)
Both registrants will receive notification that the change is pending, and be given the ability to decline the change
After the change has been confirmed, the domain cannot be transferred to a new registrar for 60 days*
*ICANN does allow current registrants to opt-out of the 60-day transfer-lock period for domains transferred to new registrants. This does not change the requirement for both parties to approve the changes before they are applied.
Be sure to check with your registrar to see how they will be streamlining their operations so you understand the process.