[dan-robertson]

What would you expect a large publicly traded corporation to write down as their beneficial owner? Maybe it’s a bit tricky for firms with dual class stock like Facebook, but for most firms the beneficial owners are their shareholders (so basically a big stake for blackrock and vanguard, maybe a few other big stakes, and a lot of small stakes).

[tylermenezes]

Typically there's a special provision on forms for this, as with non-profits (which have no owners).

[dan-robertson]

Sure but I’m replying to a comment which suggests that the regulation shouldn’t exclude large publicly traded companies