SC Scorecard Q1 2014 & Statistics of Submissions Approved by the SC in Q1 2014
A. Corporate Submissions to the SC – Q1 2014

Table 1: Status of Substantive Applications as at 31 March 2014

Applications   

Total

Balance brought forward from Q4 2013

13

Add: Applications received in Q1 2014

36

Total applications

49

Less: Applications Considered in Q1 2014

(21)

Less: Applications Withdrawn in Q1 2014

(3)

Balance carried forward to Q2 2014

25

Table 2: Substantive Applications Considered/Withdrawn in Q1 2014
Type of Applications

Considered

 Withdrawn

Total

Approved

Not Approved

Returned

Initial Public Offering

  • Main Market

5

1

6

Acquisition/Reverse Take-Overs  and Restructurings

Transfer from ACE Market to Main Market

1

1

Private Debt Securities

14

3

17

Others

TOTAL

20

1

3

24

Table 3: Processing Turnaround Time for Substantive Applications Considered in Q1 2014

Total Substantive
Applications Considered

 

Within Time Charter(1)

Exceed Time Charter(2)

No.

%

No.

%

21

20

95

1

5

(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 2014
i) Applications Approved
Table 4: Number of applications approved/authorised

Type of Applications

No. of Applications Approved/Lodged

Q1 2014

Q4 2013

Q1 2013

Initial Public Offerings

  • Main Market

5

3

Acquisition, Reverse Take-Overs and Back-Door Listings

1

1

Transfers from ACE Market to Main Market

1

1

PDS and Sukuk

14

37

22

Others

1

TOTAL

20

38

28

ii) Private Debt Securities (PDS) and Sukuk 
Table 5: Approved and Lodged Ringgit-denominated Issues

Type

Q1 2014

Q4 2013

Q1 2013

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

Conventional PDS

7(1)

6,322.08

14

13,683.49

8

5,148.00

Sukuk

7

21,075.00

18

64,995.00

10

7,410.00

Combination(2)

2

500.00

Total

14

27,397.08

34

79,178.49

18

12,558.00

Note: 
(1)Include 1 multi-currency issue amounting to RM5.0 billion.
(2) Combination of sukuk and conventional notes.
Table 6: Authorised foreign currency-denominated issues by foreign corporations

Type

Q1 2014

Q4 2013

Q1 2013

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

Conventional PDS

Sukuk

3(1)

USD10.1 billion

3(2)

USD106.5 million

Combination

Total

3

USD10.1 billion

3

USD106.5 million

Note: 
(1) Comprise 1 multi-currency issue amounting to USD10.0 billion, 1 global offering amounting to USD70.0 million and 1 global offering which has yet to finalise the offer size at the point of authorisation.
(2) Comprise 2 global offerings amounting to USD106.5 million and 1 global offering which has 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 2014

Q4 2013

Q1 2013

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

Conventional PDS

Sukuk

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 2014

Q4 2013

Q1 2013

Clearance of offer document(1)

6

12

8

Clearance of independent advice circular

12

14

13

Exemption from mandatory offer obligation

7

9

5

Others(2)

14

9

6

Total

39

44

32

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
2014

Q4
2013

Q1
2013

Establishment of new collective investment schemes

27

19

15

Establishment of new private retirement funds

0

5

0

Increase in fund size

2

0

2

Exemption/variation from Guidelines(1)

4

6

3

Other applications(2)

13

25

17

Total

46

55

37

Note: 
(1) Excludes applications submitted together with the establishment of new schemes. 
(2) For example, applications for variation to proposal, extension of time, change of trustee, change of management company and in relation to online activities.

C. Licensing
Table 10 Status of licensing applications

New licence application

Received

Withdrawn

Returned

Considered

Approved

Rejected

Pending

Representative

317

9

17

291

238

53

Corporation

3

3

1

2

Individual

Total

320

9

17

294

239

55

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

238

100

238

238

Corporation

1

100

1

1

Individual

Total

239

100

239

239

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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