Getting 'ATTENTION: Secured Action. Content modify access denied' error when using 'Update to Current Upstream Equivalent Object' in Windchill MPMLink

• Getting error ATTENTION: Secured Action. Content modify access denied when using Update to Current Upstream Equivalent Object action 
• Getting error wt.access.NotAuthorizedException: ATTENTION: Secured Action. Content modify access denied. You do not have permission to modify Low Fidelity - wt.viewmarkup.Fidelity:XXXXX when using Update to Current Upstream Equivalent Object action
• Stack trace observed in MethodServer log file

ERROR com.ptc.cat.ops.server.DefaultOperationDispatcher user - Message:  Resource bundle/Message key = wt.content.contentResource/64
(wt.content.contentResource/64) wt.access.NotAuthorizedException: ATTENTION: Secured Action. Content modify access denied. You do not have permission to modify "Low Fidelity - wt.viewmarkup.Fidelity:XXXXXX". 
at wt.content.StandardContentService.checkModifyAccess(StandardContentService.java:6661)
at wt.content.StandardContentService.copyContentItemsNoRoleCheck(StandardContentService.java:4779)
at wt.content.StandardContentService.copyContentFromMultiHolders(StandardContentService.java:5282)
at wt.content.StandardContentService.copyContentFromHolder(StandardContentService.java:5871)
at wt.content.StandardContentService.copyContent(StandardContentService.java:2649)
at wt.content.StandardContentService.copyContent(StandardContentService.java:3393)
at sun.reflect.GeneratedMethodAccessor1351.invoke(Unknown Source)
at sun.reflect.DelegatingMethodAccessorImpl.invoke(DelegatingMethodAccessorImpl.java:43)
at java.lang.reflect.Method.invoke(Method.java:498)
at wt.services.ServiceFactory$ServerInvocationHandler.invoke(ServiceFactory.java:399)
at com.sun.proxy.$Proxy50.copyContent(Unknown Source)
at com.ptc.wvs.server.util.RepUpdateUtils.copyAllContent(RepUpdateUtils.java:1248)
at com.ptc.wvs.server.util.RepUpdateUtils.copyAllFidelities(RepUpdateUtils.java:1276)
at com.ptc.wvs.server.util.RepUpdateUtils.copyDerivedImage(RepUpdateUtils.java:288)
at com.ptc.wvs.server.util.RepUpdateUtils.copyDerivedImage(RepUpdateUtils.java:181)