SC Scorecard Q1 2011 & Statistics of Submissions Approved by the SC in Q1 2011
A. Corporate Submissions to the SC – Q1 2011 
Table 1: Status of Substantive Applications as at 31 March 2011

Applications   

Total

Balance brought forward from Q4 2010

7

Add: Applications received in Q1 2011

35

Total applications

42(1)

Less: Applications Considered/Withdrawn in Q1 2011

(24)

Balance carried forward to Q2 2011

18

(1) Including one re-application which was deferred in the previous quarter.
Table 2: Substantive Applications Considered/Withdrawn in Q1 2011

Type of Applications

Considered

Withdrawn Total

Approved

Rejected

Returned (1)

Initial Public Offering

  • Main Market

1

1

2

Reverse Take-Overs and Restructurings

1

1

Transfer to Main Market

Private Debt Securities

17

1

18

Others(2)

3

3

TOTAL

21

2

1

24

(1) Main reasons for the returned applications were poor standards of submissions, such as non-compliance with guidelines.
(2) Offering of equity securities by foreign corporations with no listing on Bursa Malaysia.
Table 3: Processing Turnaround Time for Substantive Applications Considered in Q1 2011

Substantive Applications

Within Time Charter(1)

Exceed Time Charter(2)

Total

No.

%

No.

%

No. %

22

96

1

4

23

100

(1) The SC time charter for processing is computed from the date complete information is received up to the date of the decision letter. Time charter is applicable to the following applications:
  • Initial public offerings (IPOs) and acquisitions of assets resulting in a significant change in the business direction/policy of a listed company: 52 working days;
  • Large capitalisation IPO applications and transfer of listing from the ACE Market to the Main Market of Bursa Malaysia: 32 working days; and
  • Private debt securities: Deemed approval/authorisation and 14 working days.
(2)Main reasons for exceeding time charter are the need for further explanation/clarification on certain pertinent issues and for enhanced disclosures.
Table 4: Status of Licensing Applications in Q1 2011

Type of licence application

Received

Withdrawn

Returned

Considered

Approved

Rejected

Pending

Representative

             
New

266

5

13

248

203

45

Renew

1,069

4

1,065

1,050

15

Corporation

             
New 9 9 3 6
Renew 46 1 2 43 37 6

Individual

             
New

Renew

Total

1,390

6

19

1,365

1,293

72

Note: 
(1)16 applications comprising 12 Ringgit-denominated issues and 4 foreign currency-denominated issues of conventional PDS and sukuk (Tables 5 & 6). 
(2)33 applications comprising 28 Ringgit-denominated issues and 8 foreign currency-denominated issues of conventional PDS and sukuk (Tables 5 & 6). 
(3)17 applications comprising 14 Ringgit-denominated issues and 3 foreign currency-denominated issues of conventional PDS and sukuk (Tables 5 & 6).
Table 5: Processing Turnaround Time for Licensing Applications in Q1 2011

Type of licence application

Within time charter

Exceeds time charter

Subtotal

Exception

Total reported

Total

%

Total

%

Total

%

Representative

New 199 99.50 1 0.50 200 3 1.48 203
Renewal 1,049 99.90 1 0.10 1,050 0 0 1,050

Corporation

New 3 0 0 0 3 0 0 3
Renewal 32 100 0 0 32 5 13.51 37

Individual

New 0 0 0 0 0 0 0  
Renewal 0 0 0 0 0 0 0  

Total

1,283

99.84

2

0.16

1,285

8

0.62

1,293

Note: 
(1)Include 2 asset-backed securities (ABS) amounting to RM3,100.0 million. 
(2)Combination of sukuk and conventional notes.
B. Corporate Submissions Approved by the SC – Q1 2010
i) Proposals Approved
Table 6: Number of Corporate Proposals Approved

Type of Proposals

No. of Corporate Proposals Approved

Q1 2011

Q4 2010

Q1 2010

Initial Public Offering

  • Main Market
1 9 10

Reverse Take-Overs and Restructurings

Transfer to Main Market

2 1

Private Debt Securities

17 27 8

Others

3(1) 4

TOTAL

21 42 19
Note: 
(1) Offering of equity securities by foreign corporations with no listing on Bursa Malaysia.
ii) Private Debt Securities
Table 7: Approved RM-Denominated PDS Issues


Type

Q1 2011

Q4 2010

Q1 2010

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

Conventional PDS

9(1)

5,918.29

15(2)

7,134.97

5(3)

8,586.00

Sukuk

5

7,770.00

8

20,565.00

2

590.00

Combination(4)

Total

14

13,688.29

23

27,699.97

7

9,176.00

(1) Include 2 asset-backed securities (ABS) amounting to RM3,100.0 million.
(2) Include 1 ABS amounting to RM400.0 million. 
(3) Include 2 ABS amounting to RM1,400.0 million.
(4) Combination of conventional and sukuk.
Table 8: Approved Foreign Currency-Denominated PDS Issues by Foreign Corporations


Type

Q1 2011

Q4 2010

Q1 2010

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

Conventional

1(1)

176.89

Sukuk

1(1)

 (2)

3(1)

750.00(3)

1(1)

450.00

Combination(4)

Total

1

4

926.89

1

450.00

Note: 
(1) Offers in Malaysia were part of a global offering.
(2) Offer size had yet to be finalised at the point of approval. 
(3) Include 2 proposals which had yet to finalise the offer size at the point of approval.

Table 9: Approved Foreign Currency-Denominated PDS Issues by Malaysian Issuers


Type

Q1 2011

Q4 2010

Q1 2010

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

Conventional

2

1,300.00

Sukuk

Combination

Total

2

1,300.00

iii) Take-Overs & Mergers Table
10: Number of Approved Submissions Relating to the Malaysian Code on Take-Overs and Mergers

Type

Number of Submissions Approved

Q1 2011

Q4 2010

Q1 2010

Clearance of offer document

6

11

5

Application for exemption from mandatory offer obligation

4

6

10

Others

28

29

19

Total

38

46

34

iv) Unit Trusts & Collective Investment Schemes
Table: 11: Number of Submissions Relating to Unit Trusts and Other Collective Investment Schemes Approved

Type

Number of Submissions Approved

Q1 2011

Q4 2010

Q1 2010

Establishment of new funds

16

17

24

Increase in fund size

13

9

16

Exemption/variation from Guidelines(1)

4

1

4

Other applications(2)

13

10

13

Total

46

37

57

Note: 
(1) Excluding applications submitted through the establishment of new schemes. 
(2) Including applications for extension of time and change of management company.

C. Licensing 
Table 10: Status of Licensing Applications


Type

Received

Withdrawn

Returned

Considered

Approved

Rejected

Pending

Representative

247

6

13

228

174

54

Corporation

8

1

7

7

Individual

Total

255

7

13

235

174

61

Table 11: Processing Turnaround Time for Licensing Applications
New licence application Within time charter Exceeds time charter Subtotal Exception Total approved

Total

%

Total

%

Total

%

Representative

173

99.43

1(3)

0.57

174

174

Corporation

Individual

0

Total

173

99.43

1

0.57

174

174

Note:
(3) The time charter was exceeded by one business day, for one application.
GET IN TOUCH
HOTLINE: +603-6204 8000
related sites
© Copyright Securities Commission Malaysia   |   Contact Us   |  Disclaimer  |  The site is best viewed using Internet Explorer 11 and Google Chrome with mimimum resolution of 1280x1024
Ooops!
Generic Popup