Limited Liability Partnerships must identify and report individuals with 10%+ indirect or direct ownership or significant influence as SBOs. The Rules require reporting limited liability partnerships to identify and obtain declarations from any individual who, alone or with others or through persons or trusts, holds indirectly or together with direct holdings at least ten per cent of contribution, voting rights, distributable profits or otherwise exercises significant influence or control as a Significant Beneficial Owner. Reporting LLPs must maintain a register of SBOs, file returns with the Registrar, serve prescribed notices to partners, and may apply to the Tribunal for restrictions where information is not provided or is unsatisfactory.