fTLD is permitted by ICANN to reserve names, which it may use for itself, allocate in the future per the mechanisms enumerated in its Name Allocation Policy or keep permanently unavailable for registration. fTLD has reserved names comprised of Common Community and Generic and others such as single-character and two-letters.
fTLD’s Reserved Names Challenge Policy provides a process for an eligible entity to request allocation of a Reserved Name or to challenge a Reserved Name allocation and this information is about the former. The process requires the requestor to first file a complaint with fTLD and provide evidence to support their right(s) to the domain name and fTLD will attempt to resolve the complaint internally. If fTLD is unable to resolve the complaint, the requestor may submit a challenge to the National Arbitration Forum (NAF).
The outcome of a successful challenge either with fTLD (or NAF) is the removal of the name from the respective Reserved Names list and potential allocation of the name by one of the mechanisms in the Name Allocation Policy. A successful challenge with fTLD does not result in the requestor being awarded the name, but rather gives them an opportunity to compete to receive it.
On August 4, 2015, fTLD was authorized by ICANN to release specific two-letter names in .BANK (the available two-letter names are referenced in the related RFP Process link below). fTLD will release applicable two-letter names as well as all single-character names as Premium Names, which will be subject to fTLD premium registration and renewal fees and therefore, you should consult with your registrar on their fees for such names.
- Issued: September 30, 2015 and closed on November 6, 2015 for the following names: american, associated, mercantile, northwest and savingsinstitute.
This fTLD announcement was sourced from: