Dear All, I am pleased to submit for your review and consideration, the attached Issues Report on Vertical Integration Between Registries and Registrars. As you may recall, this report was requested by the GNSO Council in response to a motion made by Mary Wong for the 3 September 2009 GNSO Council meeting, and carried during the Council teleconference meeting on 24 September 2009. Please note that I will be providing a brief overview of the Issues Report at the next council meeting on 17 December 2009, and look forward to answering any questions that you may have at the meeting. Best Regards, Margie ____________ Margie Milam Senior Policy Counselor, ICANN ____________