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Article 6 Financial standing and compliance

United Kingdom

Original text. Later amendments are not shown.

1.

The Commission shall evaluate the financial standing of eligible applicants. This criterion shall be weighted as 30 % of the total evaluation score.

2.

The applicants shall:

(a)

demonstrate a level of financial security and stability that is adequate in order to fulfil the tasks of the Registry;

(b)

provide complete information about the anticipated costs and capital requirements to organise, administer and manage the.eu top-level domain, the availability of capital and insurance; a revenue model, including a pricing model, a relevant market analysis, a marketing plan, and registry failure provisions;

(c)

describe how they will apply sound financial management principles;

(d)

provide information on the fees that they intend to apply, and describe how the levels of the fees is determined on the basis of the costs incurred.

3.

The applicants shall provide information on the external audits they will submit to demonstrate compliance with Regulation (EU) 2019/517.