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