SC Scorecard Q1 2015 & Statistics of Submissions Approved by the SC in Q1 2015
A. Corporate Submissions to the SC – Q1 2015

Table 1: Status of Substantive Applications as at 31 March 2015

Applications   

Total

Balance brought forward from Q4 2014

26

Add: Applications received in Q1 2015

14

Total applications

40

Less: Applications Considered in Q1 2015

(20)

Less: Applications Withdrawn in Q1 2015

(4)

Balance carried forward to Q2 2015

16

Table 2: Substantive Applications Considered/Withdrawn in Q1 2015
Type of Applications

Considered

 Withdrawn

Total

Approved

Not Approved

Returned

Initial Public Offering

  • Main Market

3

2

1

6

Reverse Take-Overs  and Back-Door Listings

1

1

2

Transfer from ACE Market to Main Market

1

1

2

Private Debt Securities

13

1

14

TOTAL

17

2

1

4

24

Table 3: Processing Turnaround Time for Substantive Applications Considered in Q1 2015

Total Substantive
Applications Considered

 

Within Time Charter*

Exceed Time Charter

No.

%

No.

%

20

20

100

Note:
*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.
B. Corporate Applications Approved by the SC – Q1 2015
i) Applications Approved
Table 4: Number of applications approved/authorised

Type of Applications

No. of Applications Approved/Lodged

Q1 2015

Q4 2014

Q1 2014

Initial Public Offerings

  • Main Market

3

2

5

Acquisition, Reverse Take-Overs and Back-Door Listings

2

Transfers from ACE Market to Main Market

1

2

1

PDS and Sukuk

13

30

14

TOTAL

17

36

20

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

Type

Q1 2015

Q4 2014

Q1 2014

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

Conventional bonds

4

5,500.00

12(1)

4,809.71

7(2)

6,322.08

Sukuk

4

6,300.00

12

24,870.00

7

21,075.00

Combination(3)

2

20,000.00

Total

8

11,800.00

26

49,679.71

14

27,397.08

Note: 
(1) Include 1 multi-currency issue amounting to RM1.0 billion.
(2) Include 1 multi-currency issue amounting to RM5.0 billion.
(3) Combination of sukuk and conventional notes.
Table 6: Authorised foreign currency-denominated issues by foreign corporations

Type

Q1 2015

Q4 2014

Q1 2014

No. of issues

Size
(US$ mil)

No. of issues

Size
(US$ mil)

No. of issues

Size
(US$ mil)

Conventional PDS

Sukuk

1(1,2)

USD15.0 billion

3(3)

USD125.5 million

 

3(2,3)

USD2.2 billion

Combination

Total

4

USD17.2 billion

3

USD125.5 million

Note: 
(1) Offerings in Malaysia were part of global offerings. 
2) Offerings in Malaysia were part of global offerings.
(3) 1 issue 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 2015

Q4 2014

Q1 2014

No. of issues

Size
(USD mil)

No. of issues

Size
(USD mil)

No. of issues

Size
(USD mil)

Conventional PDS

Sukuk

1(1)

USD750.0 million

1(1)

USD2.5 billion

Combination

Total

1

USD750.0 million

1

USD2.5 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 2015

Q4 2014

Q1 2014

Clearance of offer document(1)

6

5

6

Clearance of independent advice circular

8

9

12

Exemption from mandatory offer obligation

8

4

7

Others(2)

6

5

14

Total

28

23

39

Note: 
(1) Including documents relating to schemes for control. 
(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
2015

Q4
2014

Q1
2014

Establishment of new collective investment schemes

40

20

27

Establishment of new private retirement funds

0

2

0

Increase in fund size

0

1

2

Exemption/variation from Guidelines(1)

5

1

4

Other applications(2)

14

20

13

Total

59

44

46

Note: 
(1) Excludes applications submitted together with the establishment of new schemes. 
(2) Includes applications to act as adviser under OMG Guidelines, extension of time, clearance of audit scope 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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