There are two things I would want to make sure that people understand.
One is “control in fact”. The rule is 25% or control in fact. Obligations related to the organization actually provide for control in situations where they live under the 25% standard. They would still be decreed as beneficial owners and be required to report the natural person in that particular regard.
The second is obviously the complexity of either having multiple standards at play or the degree to which individual organizations will be now required to provide further information regarding the makeup of their corporations. Given that we have 99% small and medium-sized enterprises in this country, that is obviously something we would contemplate.