SC Scorecard Q1 2016 & Statistics of Submissions Approved by the SC in Q1 2016

A. Corporate Submissions to the SC – Q1 2016

Table 1: Status of Substantive Applications as at 31 March 2016

Applications	Total
Balance brought forward from Q4 2015	7
Add: Applications received in Q1 2016	3
Total applications	10
Less: Applications Considered in Q1 2016	(5)
Less: Applications Withdrawn in Q1 2016	(1)
Balance carried forward to Q2 2016	4

Table 2: Substantive Applications Considered/Withdrawn/Lodged in Q1 2016

Type of Applications	Considered			Withdrawn	Lodged	Total
Type of Applications	Approved	Not Approved	Returned	Withdrawn	Lodged	Total
Initial Public Offering Main Market	1	–	1	1	–	3
Acquisition, Reverse Take-Overs and Back-Door Listings	1	–	1	–	–	2
Transfer from ACE Market to Main Market	–	–	–	–	–	–
Corporate bonds and sukuk	1	–	–	–	16	17
TOTAL	3	–	2	1	16	22

Table 3: Processing Turnaround Time for Substantive Applications Considered in Q1 2016

Total Substantive Applications Considered	Within Time Charter*		Exceed Time Charter
Total Substantive Applications Considered	No.	%	No.	%
5	5	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
PDS and sukuk: Deemed approval or 14 working days.

B. Corporate Applications Approved by the SC – Q1 2016

i) Applications Approved/Lodged
Table 4: Number of Applications Approved/Lodged

Type of Applications	No. of Applications Approved/Lodged
Type of Applications	Q1 2016	Q4 2015	Q1 2015
Initial Public Offerings Main Market	1	3	3
Acquisition, Reverse Take-Overs and Back-Door Listings	1	1	–
Transfers from ACE Market to Main Market	–	–	1
Offering of Securities	–	1	–
PDS and Sukuk	17	15	13
TOTAL	19	20	17

ii) Private Debt Securities (PDS) and Sukuk

Table 5: Approved and Lodged Ringgit-denominated Issues

Type	Q1 2016		Q4 2015		Q1 2015
Type	No. of issues	Size (RM mil)	No. of issues	Size (RM mil)	No. of issues	Size (RM mil)
Conventional bonds	7	15,183.25	6	32,404.00	4	5,500.00
Sukuk	9	11,960.00	7⁽¹⁾	10,664.00	4	6,300.00
Combination⁽²⁾	–	–	–	–	–	–
Total	16	27,143.25	13	43,068.00	8	11,800.00

Note:

⁽¹⁾Include 1 multi-currency issue amounting to RM5.0 billion.
⁽²⁾ Combination of sukuk and conventional notes.

Table 6: Approved and Lodged Foreign Currency-denominated Issues by Foreign Corporations

Type	Q1 2016		Q4 2015		Q1 2015
Type	No. of issues	Size (US$ mil)	No. of issues	Size (US$ mil)	No. of issues	Size (US$ mil)
Conventional PDS	–	–	1⁽¹⁾	42.50	1⁽¹⁾	311.00
Sukuk	1⁽¹⁾	239.65	1	15,000.00	3⁽¹⁾	480.45
Combination	–	–	–	–	–	–
Total	1	239.65	2	15,042.50	4	791.45

Note:

⁽¹⁾Offerings in Malaysia were part of global offerings.

Table 7: Approved and Lodged Foreign Currency-denominated Issues by Malaysian Issuers

Type	Q1 2016		Q4 2015		Q1 2015
Type	No. of issues	Size (USD mil)	No. of issues	Size (USD mil)	No. of issues	Size (USD mil)
Conventional PDS	–	–	–	–	–	–
Sukuk	–	–	–	–	1⁽¹⁾	750.00
Combination	–	–	–	–	–	–
Total	–	–	–	–	1	750.00

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
Type	Q1 2016	Q4 2015	Q1 2015
Clearance of offer document⁽¹⁾	1	5	6
Clearance of independent advice circular	3	6	8
Exemption from mandatory offer obligation	4	0	8
Others⁽²⁾	3	2	6
Total	11	13	28

Note:

⁽¹⁾ Including documents relating to schemes for control.
⁽²⁾ Including the eligibility to act as independent adviser for take-over proposals, ruling, ancillary applications and exemption from the Code provisions.

iv) Collective Investment Schemes, Private Retirement Schemes & Foreign ASEAN CIS

Table 9: Number of Applications Approved Relating to Unit Trusts, Other Collective Investment Schemes, Private Retirement Schemes and Foreign ASEAN CIS

Type	Number of Applications Approved
Type	Q1 2016	Q4 2015	Q1 2015
Establishment of new collective investment schemes	10	7	40
Establishment of new private retirement funds	3	0	0
Recognition of foreign ASEAN CIS	0	1	0
Increase in fund size	1	2	0
Exemption/variation from Guidelines⁽¹⁾	1	4	5
Other applications⁽²⁾	14	22	14
Total	29	36	59

Note:

⁽¹⁾ Excludes applications submitted together with the establishment of new schemes.
⁽²⁾ Includes applications for variation to proposal, application to act as adviser under Guidelines for the Offering, Marketing and Distribution of Foreign Funds, clearance of audit scope and extension of time.

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
New licence application	Total	%	Total	%	Subtotal	Total	%	Total approved
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.