According to the new rule, both spinners as well as fast bowlers will be permitted to straighten their arm by up to 15 degrees, which has been established as the point at which any straightening will become visible to the naked eye.
The amended process represents a radical overhaul of the previous system and sees changes in the testing, analysis and review procedures used to assess bowlers with suspected illegal actions.
In a press release, the ICC said that there would also be an increased commitment to dealing with the issue at junior international level.
The original restructuring proposals were developed by an expert panel of former international cricketers, including Aravinda de Silva, Angus Fraser, Michael Holding, Tony Lewis and Tim May, along with ICC general manager - cricket, David Richardson.
These proposals were then endorsed by the ICC's cricket committee, chaired by former Indian captain Sunil Gavaskar, before being approved by all Test playing countries at the ICC chief executives' committee meeting last month.
Any player reported twice and proven to have an illegal action within a two-year period, will be suspended from international cricket for a minimum of 12 months.
In certain cases, reported bowlers may be allowed to play international cricket with a warning not to bowl a specific type of delivery that has been scientifically proven to exceed the 15 degrees limit.