Implementation of the .eu Top Level Domain

PURPOSE: to propose a regulation of the European Parliament and of the Council on the implementation of the Internet Top Level Domain ".EU". CONTENT: The current proposal for a regulation concerns the creation of the .EU Internet Top Level Domain (TLD). In the aftermath of the approval of the proposed domain name by the Internet Corporation for Assigned Names and Numbers (ICANN), the main provisions of the proposed regulation are the following: - the Registry is the entity that will be entrusted with the organisation, administration and management of the .EU TLD and the Commission will designate its organisation. The proposed regulation specifies the conditions according to which the Registry will organise, administer and manage the .EU TLD; - public policy rules concering the implementation of the .EU TLD. However, those policy rules not laid down in the regulation will be adopted by the Commission in accordance with the procedure referred to in Article 5, the Registry being consulted; - in order to prevent and resolve conflicts between domain names registration and intellectual property rights, the Commission shall, in accordance with the procedure laid down in the regulation, adopt a policy to prevent speculative and abusive registration of domain names and a policy for the extra-judicial settlement of conflicts which shall conform to best practices including the recommendation of the World Intellectual Property Organisation (WIPO); Finally, with regard to the financial impact of the operation of the .EU Internet TLD, it will cost EUR 120.000 in the first year, lowering to EUR 90.000 in the fourth year.�