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CHECKLISTS
This Checklist sets out those jurisdictions worldwide that require the acquisition of non-controlling minority shareholdings to be notified (assuming other jurisdictional thresholds are met). ‘Non-controlling minority shareholdings’ in this context refer to any level of influence that is below what the EU Merger Regulation defines as ‘decisive influence’ (ie, the ability to exercise a significant degree of control over the strategic commercial behavior of an undertaking, which can be exerted through various means, such as ownership of shares, voting rights (particularly veto rights), or contractual arrangements (that do not necessarily require a majority shareholding)). NOTE—Notifications of minority shareholdings may need to be disclosed to other stakeholders/sector regulators. Jurisdictions that require the notification of non-controlling minority shareholdings Jurisdiction Type of minority acquisition caught Armenia • any ‘contract, decision, or amalgamation of economic entities due to which one economic entity may, directly or indirectly, influence the decision-making or competitiveness of another economic entity’ (without making reference to specific shareholding thresholds) Australia • any acquisition of shares or assets that would have, or be likely to have, the effect of substantially
PRACTICE NOTES
The below lists multi-jurisdictional merger control developments and intelligence (sometimes unconfirmed), with a focus on jurisdictional and procedural issues. For specific details of merger control thresholds and filing requirements, see further MJ merger grid—jurisdiction and MJ merger grid—procedure. NOTE—to see whether notification thresholds in any jurisdiction throughout the world are met, see Where to Notify. 2026 Date Jurisdiction Development 13/10/2026 South Africa • The Minister of Trade, Industry and Competition published Government Notice 8005 in the Government Gazette No. 55541, which introduces revised rules for enforcing merger conditions, establishing a more structured compliance procedure and new evidentiary requirements for merging parties 13/10/2026 Ireland • The CCPC announced that the lower merger notification thresholds had been reinstated from 30 September 2026 following the lapse of legislation introducing higher thresholds. The higher thresholds are expected to be reintroduced in January 2027, with affected businesses advised to review their notification obligations 12/10/2026 UK • The Enterprise Act 2022 Order was made introducing new public interest consideration relating to continuity of telecommunications services in UK merger control 08/10/2026 Australia • The ACCCpublished an updated version of
CHECKLISTS
This Checklist lists those jurisdictions where merger control notification thresholds can be triggered by (1) the local activity of just one party, and (2) the local activity of just the purchaser. For more details on notification thresholds, see MJ merger grid—jurisdiction. Single trigger jurisdictions–any party Jurisdictions where merger control notification thresholds may be triggered (in certain circumstances) by the local activity of any one party include: • Albania • Algeria • Angola • Argentina (note—there are several exemptions, including one relating to the size of the transaction value; if this is met then no filing is required, even if the initial turnover threshold is met) • Armenia • Aruba (note—there is only an obligation to notify transactions for the AFTA to monitor; there is no merger approval system) • Australia • Austria • Azerbaijan • Bahrain • Barbados • Belarus • Bosnia and Herzegovina • Botswana • Bulgaria • Cambodia • Cameroon • Canada • Cape Verde • CEMAC • Central African Republic • Chad • Curaçao • Czech Republic merger control (note—under the
PRACTICE NOTES
The grid below sets out the notification thresholds as according to local legislation for all merger control regimes in the world as well as additional key jurisdictional information to help determine whether merger control filings are required in addition to headline procedural issues on timing and whether notifications are mandatory and closing should be suspended pending clearance. We have tried to strike a balance between ease of reference and exactness to the original source material and used common phrases to summarise legal threshold tests whilst retaining key words; a key is available below to set out the common phrases used to summarise legal threshold tests (eg the meaning of ‘combined turnover’ and the fact that this requirement could be met by one party alone)—see Key and useful information below. We would recommend consulting the merger guides and the underlying law for the precise wording and for further details on the merger control rules in each jurisdiction. Currencies and exchange rates Thresholds are displayed in the native currency in which they are formally published (unless provided otherwise
PRACTICE NOTES
The grid below summarises key procedural information according to local legislation for all merger control regimes in the world. We have tried to strike a balance between ease of reference and exactness to the original source material and used common phrases to summarise legal threshold tests whilst retaining key words. We would recommend consulting the merger guides and the underlying law for the precise wording. For a summary of jurisdictional information (including notification thresholds) to determine whether merger control filings are required for all merger control regimes in the world, see further MJ merger grid—jurisdiction. For a timeline showing deadlines for filing notifications and phase I investigation timetables, see MJ merger control deadlines—checklist. NOTE–to see whether notification thresholds in any jurisdiction throughout the world are met, see Where to Notify. For multi-jurisdictional merger control developments and intelligence from throughout the world, see further MJ merger control news feed. Country (competition authority) Is notification mandatory and is the regime suspensory? Is there a deadline for filing the notification? Deadline for review by competition authority (not including possible extensions) What
PRACTICE NOTES
The spreadsheet below provides details on merger-related penalties imposed by competition authorities worldwide as of 2014 onwards. Notes: • only publicly-reported decisions from calendar year 2014 onwards are included • while we have attempted to cover all
MLA
GLOSSARY
Mandated Lead Arranger. The MLA(s) will typically distribute the information memorandum and attempt to syndicate the loan. They will also negotiate the financing terms.
PRECEDENTS
1 Introduction This job description and role profile relates to the combined position of money laundering compliance officer (MLCO) and nominated officer. References to the MLR 2017 are to the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, SI 2017/692, as amended. 2 MLCO/nominated officer role holder details Name of organisation [Insert organisation name] Name of MLCO/nominated officer [Insert name] Status [Insert description that demonstrates board-level or equivalent status for MLCO role, eg Director and member of senior leadership team] Full time/part time ☐ Full time☐ Part time Details of any other roles held within the organisation [Insert details, eg COO] Date appointed by the organisation [Insert date] 3 Role summary 3.1 To act as the board-level (or equivalent) officer responsible for the organisation’s compliance with the MLR 2017 (the MLCO);, and: 3.1.1 be the main point of contact with the [insert name of relevant AML supervisory authority] on any matter relating to anti-money laundering (AML), counter-terrorist financing (CTF) and counter-proliferation financing (CPF); and 3.1.2 ensure the organisation’s AML, CTF and CPF efforts have appropriate oversight and engagement at the highest level.
PRECEDENTS
1 Introduction This job description and role profile relates to the combined position of money laundering compliance officer (MLCO) and nominated officer. References to MLR 2017 are to the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, SI 2017/692, as amended. 2 MLCO/nominated officer role holder details Name of firm [Insert firm name] Name of MLCO/nominated officer [Insert name] Status [Insert description that demonstrates board-level or equivalent status for MLCO role, eg Member of managing board] Full time/part time ☐ Full time☐ Part time Details of any other roles held within the firm [Insert details] Date appointed by the firm [Insert date] 3 Role summary 3.1 To act as the board-level (or equivalent) officer responsible for the firm’s compliance with MLR 2017 (the MLCO) and: 3.1.1 be the main point of contact with the Solicitors Regulation Authority (SRA) on any matter relating to anti-money laundering (AML), counter-terrorist financing (CTF) and counter-proliferation financing; 3.1.2 take a leading role: (a) in dealing with the SRA on AML, CTF and counter-proliferation financing; and (b) on AML, CTF and counter-proliferation financing issues within the senior management of the firm; and 3.1.3 ensure the firm’s AML, CTF and counter-proliferation financing
NEWS
MLex: Meta Platforms has been ‘responsive’ to the Irish privacy watchdog’s requests to implement ‘significant’ measures regarding the potential impact on individuals’ data protection rights when training its AI model with adults’ public posts on Instagram and Facebook. These measures include an ‘updated and easier to use’ objection form. Meta plans to start its Meta AI service on May 27. The Irish Data Protection Commission (DPC) said today that Meta must submit a report by October 2025 on the ‘efficacy and appropriateness’ of these measures.
PRACTICE NOTES
CASE HUB See further, timeline. Case facts Outline European Commission merger investigation into the proposed acquisition of Anglo American’s Brazilian nickel business by MMG Limited (M.11944). The transaction involves vertical overlaps in the relation to the supply of ferronickel. Latest developments On 16 September 2026, the Commission issued its statement of objections. The Commission’s preliminary view is that the acquisition could enable MMG Limited to divert low-carbon ferronickel supplies away from European stainless steel producers, which have limited alternative sources of supply, potentially increasing prices and production costs and reducing supply resilience in the EEA. Parties • MMG Limited (MMG): MMG is listed on the Hong Kong Stock Exchange; the majority of the shares of which are ultimately owned by China Minmetals Corporation, a State owned enterprise under the control of the State-owned Assets Supervision and Administration Commission of the Chine State Council. It is a multinational metals and
MMO
GLOSSARY
Marine Management Organisation: Established by Part I, Chapter I of the Marine and Coastal Access Act 2009 to make a contribution for sustainable development in marine areas. The MMO assumed much of the work of the Marine and Fisheries Agency and also acquired new roles previously associated with DECC and the Department for Transport. The MMO is responsible for implementing parts of the marine planning and licensing system, responding to emergencies affecting marine areas, and working closely with Natural England to create and manage a network of marine protected areas. Please note, however, that marine regulation and licensing has been devolved in Scottish inshore and offshore waters to the Scottish Executive (Marine Scotland), in Welsh inshore waters to Welsh ministers (Marine Consents Unite) and in Northern Ireland’s waters to the Northern Ireland Executive (Department for the Environment).