What are we talking about?
The list of reserved names consists in blocking certain domain names from being registered by third parties because they could belong to certain identified organizations:
- The Red Cross (www.icrc.org);
- The International Olympic Committee (www.olympic.org);
- International Governmental Organizations (IGOs);
- International Non-Governmental Organizations (INGOs).
The first of august if the deadline when all this must be organized and implemented at registrars and registries. In more simple words, it means that keywords from that list must not be made available for registration anymore in any existing (and coming) domain name extension. An example: you will not be supposed to register a domain name such as www.redcross.whatever - www.nisseki.whatever or www.idea.whatever. Note that this is already the case for most of these strings nut the list has been updated. I suggest to check the complete list because it is a rather long one and there are many words with 3 and 4 characters.