SC Scorecard Q1 2013 & Statistics of Submissions Approved by the SC in Q1 2013
A. Corporate Submissions to the SC – Q1 2013

Table 1: Status of Substantive Applications as at 31 March 2013

Applications   

Total

Balance brought forward from Q4 2012

26

Add: Applications received in Q1 2013

20

Total applications

46

Less: Applications Considered in Q1 2013

(30)

Less: Applications Withdrawn in Q1 2013

(-)

Balance carried forward to Q2 2013

16

Table 2: Substantive Applications Considered/Withdrawn in Q1 2013

Type of Applications

Considered

Withdrawn Total

Approved

Not Approved

Returned

Initial Public Offering

  • Main Market

3

1

4

Reverse Take-Overs  and Restructurings

1

1

Transfer from ACE Market to Main Market

1

1

Private Debt Securities (PDS)

22

1

23

Others

1

1

TOTAL

28

2

30

Table 3: Processing Turnaround Time for Substantive Applications Considered in Q1 2013

Total Substantive
Applications Considered

 

Within Time Charter(1)

Exceed Time Charter(2)

Total

No.

%

No.

%

No. %

30

28

93

2

7

30

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.
B. Corporate Applications Approved by the SC – Q1 2013
i) Applications Approved
Table 4: Number of applications approved/authorised

Type of Applications

No. of Applications Approved/Lodged

Q1 2013

Q4 2012

Q1 2012

Initial Public Offerings

Main Market

3

6

1

Reverse Take-Overs and Back-Door Listings

1

1

2

Transfers from ACE Market to Main Market

1

Secondary Listing

22(1)

26(2)

16(3)

Others

1

6

3

TOTAL

28

39

22

Note: 
(1) 22 applications comprising 18 Ringgit-denominated issues and 4 foreign currency-denominated issues of conventional PDS and sukuk (Tables 5, 6 & 7)
(2) 26 Ringgit-denominated issues of conventional PDS and sukuk (Table 5).
(3) 16 applications comprising 12 Ringgit-denominated issues and 4 foreign currency-denominated issues of conventional PDS and sukuk (Tables 5 & 6).
ii) Private Debt Securities (PDS) and Sukuk 
Table 5: Approved and Lodged Ringgit-denominated Issues

Type

Q1 2013

Q4 2012

Q1 2012

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

Conventional PDS

8

5,148.00

9

2,216.15

8

10,412.08

Sukuk

10

7,410.00

17

21,518.38

4

11,525.00

Combination(1)

Total

18

12,558.00

26

23,734.53

12

21,937.08

Note: 
(1)Combination of sukuk and conventional notes.
Table 6: Authorised foreign currency-denominated issues by foreign corporations(1)

Type

Q1 2013

Q4 2012

Q1 2012

No. of issues

Size

No. of issues

Size

No. of issues

Size

Conventional PDS

1

SGD2.0 billion

Sukuk

3(2)

USD35.0 million

3

USD4.15 billion

Combination

Total

3

USD35.0 million

1

SGD2.0 billion

3

USD4.15 billion

Note: 
(1) Offerings in Malaysia were part of global offerings.
(2) 2 issues have yet to finalise the offer size at the point of authorisation.
Table 7: Approved and authorised foreign currency-denominated issues by Malaysian issuers

Type

Q1 2013

Q4 2012

Q1 2012

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

Conventional PDS

Sukuk

1(1)

USD1.5 billion

Combination

Total

1

USD1.5 billion

Note: 
(1) Multi-currency issue.
iii) Take-Overs & Mergers
Table 8: Number of Submissions Considered under the Malaysian Code on Take-overs and Mergers 2010

Type

Number of Submissions Considered

Q1 2013

Q4 2012

Q1 2012

Clearance of offer document(1)

8

6

7

Clearance of independent advice circular

5

10

5

Exemption from mandatory offer obligation

13

9

8

Others(2)

6

11

9

Total

32

36

29

Note: 
(1) Including documents relating to schemes for control under the Companies Act 1965.
(2) Including the eligibility to act as independent adviser for take-over proposals, extension of time, rulings, ancillary applications and other related decisions.

iv) Collective Investment Schemes and Private Retirement Schemes
Table 9: Number of applications approved relating to unit trusts, other collective investment schemes and private retirement schemes


Type

Number of Applications Approved

Q1
2013

Q4
2012

Q1
2012

Establishment of new collective investment schemes

15

29

14

Establishment of retirement funds

0

8

0

Increase in fund size

2

35

43

Exemption/variation from Guidelines(1)

3

5

1

Other applications(2)

17

16

20

Total

37

93

78

Note: 
(1) Excludes applications submitted together with the establishment of new schemes. 
(2) Includes applications for extension of time, change of trustee, registration of new trustee and change of fund name.

C. Licensing
Table 10 Status of licensing applications

New licence application

Received

Withdrawn

Returned

Considered

Approved

Pending

Representative

294

3

14

277

190

87

Corporation

8

1

0

7

0

7

Individual

0

0

0

0

0

0

Total

302

4

14

284

190

94

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

190

100

0

0

190

0

0

190

Corporation

0

0

0

0

0

0

0

0

Individual

0

0

0

0

0

0

0

0

Total

190

100

0

0

190

0

0

190

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.
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