Significant beneficial ownership rules require individuals with 10%+ indirect or direct economic or voting rights to declare ownership. Amendment revises definitions and procedures for identifying and reporting significant beneficial owners in reporting companies, specifying that individuals holding ten per cent or more of shares, voting rights, distributable dividends or exercising significant influence or control-directly or indirectly-must declare via Form BEN-1; reporting companies must issue BEN-4 to non-individual members holding at least ten per cent, file BEN-2 with the Registrar within thirty days of receiving a declaration, and may apply to the Tribunal to restrict shares where required information is not provided or is unsatisfactory.