SC Scorecard Q1 2017 & Statistics of Submissions Approved by the SC in Q1 2017

A. Corporate Submissions to the SC – Q1 2017

Table 1: Status of Substantive Applications as at 31 March 2017

Applications	Total
Balance brought forward from Q4 2016	4
Add: Applications received in Q1 2017	–
Total applications	4
Less: Applications Considered in Q1 2017	(2)
Less: Applications Withdrawn in Q1 2017	(2)
Balance carried forward to Q2 2017	–

Table 2: Substantive Applications Considered/Withdrawn/Lodged in Q1 2017

Type of Applications	Considered			Withdrawn	Lodged	Total
Type of Applications	Approved	Not Approved	Returned	Withdrawn	Lodged	Total
Initial Public Offering Main Market	–	–	–	–	–	–
Acquisition, Reverse Take-Overs and Back-Door Listings	–	–	–	2	–	2
Transfer from ACE Market to Main Market	1	–	–	–	–	1
Corporate bonds and sukuk	1	–	–	–	17	18
TOTAL	2	–	–	2	17	21

B. Corporate Applications Approved by the SC – Q1 2017

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

Type of Applications	No. of Applications Approved/Lodged
Type of Applications	Q1 2017	Q4 2016	Q1 2016
Initial Public Offerings Main Market	–	2	1
Acquisition, Reverse Take-Overs and Back-Door Listings	–	2	1
Transfers from ACE Market to Main Market	1	–	–
Corporate bonds and sukuk	18	22	17
TOTAL	19	26	19

ii) Private Debt Securities (PDS) and Sukuk

Table 5: Approved and Lodged Ringgit-denominated Issues

Type	No. of issues	Size (RM mil)	No. of issues	Size (RM mil)	No. of issues	Size (RM mil)
Type	Q1 2017		Q4 2016		Q1 2016
Conventional bonds	6⁽¹⁾	7,836.06	11	26,856.27	7	15,183.25
Sukuk	10	12,250.00	10	25,289.00	9	11,960.00
Combination⁽²⁾	–	–	–	–	–	–
Total	16	20,086.06	21	52,145.27	16	27,143.25

Note:

⁽¹⁾Include one asset-backed securities (ABS) amounting to RM370.00 million.
⁽²⁾ Combination of sukuk and conventional notes.

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

Type	No. of issues	Size (US$ mil)	No. of issues	Size (US$ mil)	No. of issues	Size (US$ mil)
Type	Q1 2017		Q4 2016		Q1 2016
Conventional bonds	–	–	–	–	–	–
Sukuk	2^(1),(2)	174.70	–	–	1⁽¹⁾	239.65
Combination	–	–	–	–	–	–
Total	2	174.70	–	–	1	239.65

Note:

⁽¹⁾Offerings in Malaysia were part of global offerings.
⁽²⁾One issue has yet to finalise the offer size at the point of approval.

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

Type	Q1 2017		Q4 2016		Q1 2016
Type	No. of issues	Size (USD mil)	No. of issues	Size (USD mil)	No. of issues	Size (USD mil)
Conventional bonds	–	–	–	–	–	–
Sukuk	–	–	1⁽¹⁾	2,500.00	–	–
Combination	–	–	–	–	–	–
Total	–	–	1	2,500.00	–	–

Note:

⁽¹⁾ Multi-currency issue.

iii) Take-Overs & Mergers Table

8: Number of submissions considered in relation to take-overs, mergers and compulsory acquisitions

Type	Number of Submissions Considered
Type	Q1 2017	Q4 2016	Q1 2016
Clearance of offer document⁽¹⁾	7	8	1
Clearance of independent advice circular⁽²⁾	8	11	3
Exemption from mandatory offer obligation	4	2	4
Others⁽³⁾	4	7	3
Total	23	28	11

Note:

⁽¹⁾ Including documents relating to schemes for control.
⁽²⁾ Including independent advice circulars for whitewash exemptions.
⁽³⁾ Including rulings and exemptions from the provisions of Malaysian Code on Take-overs and Mergers 2010, Malaysian Code on Take-overs and Mergers 2016/ Rules on Take-overs, Mergers and Compulsory Acquisitions (as the case may be) and other ancillary applications.

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 2017	Q4 2016	Q1 2016
Establishment of new collective investment schemes	10	2	10
Establishment of new private retirement funds	–	–	3
Recognition of foreign ASEAN CIS	–	–	–
Increase in fund size	3	–	1
Exemption/variation from Guidelines⁽¹⁾	8	23	1
Other applications	8⁽²⁾	11	14
Total	29	36	29

Note:

⁽¹⁾ Excludes applications submitted together with the establishment of new schemes.
⁽²⁾ Includes applications for renewal of trustee’s registration, 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.