ICANN has announced the termination of its accreditation agreement with two registrars ISPREG LTD and SBNames Ltd for failure to comply with the requirements of the Registrar Accreditation Agreement (RAA). Letters have been sent to each registrar outlining the decision and reason behind the decision.
In order to protect registrants, ICANN has initiated a process to identify a qualified and accredited registrar to take over management of the domain names formerly managed by ISPREG LTD and SBNames Ltd through a bulk transfer.