Tucows 2015 Annual Report Download - page 53

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ICANN or any registries may implement policy changes that would impact our ability to run our current
business practices throughout the various stages of the lifecycle of a domain name;
• ICANN or any registries may implement policy changes that would impact our ability to run our current
business practices throughout the various stages of the lifecycle of a domain name;
• foreign constituents may succeed in their efforts to have domain name registration removed from a U.S. based
entity and placed in the hands of an international cooperative; and
• international regulatory or governing bodies, such as the International Telecommunications Union or the
European Union, may gain increased influence over the management and regulation of the domain registration
system, leading to increased regulation in areas such as taxation and privacy.
If any of these events occur, they could create instability in the domain registration system. These events could
also disrupt or suspend portions of our domain registration solution, which would result in reduced revenue.
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