I see that the Current Proposal 3 was actually omitted in my last email and I only typed the NCUC Proposal 3. So see below for the correct info on Proposal 3. Also, consider Milton's proposal that the issue be dealt with in Principle e, rather than ToR 2 vii Current proposal (ToR 2 vii): ii. Applicants should be able to demonstrate their financial and operational capability NCUC Proposal 3: ii. Applicants should be able to demonstrate their operational capability. OR, Milton has suggested that we propose this change be made in Principle e: Current Principle e: e) That a set of business capability criteria for a new gTLD registry applicant be used to provide an assurance that an applicant has the capability to meet its business ambitions. NCUC Proposal: DELETE (e) Thoughts? Robin