SC Scorecard Q1 2018 & Statistics of Submissions Approved by the SC in Q1 2018

A. Corporate Submissions to the SC – Q1 2018

Table 1: Status of Substantive Applications as at 31 March 2018

Applications	Equities	Corporate Bonds and Sukuk	Total
Balance brought forward from Q4 2017	3	1	4
Add: Applications received in Q1 2018	1	10	11
Total applications	4	11	15
Less: Applications Considered in Q1 2018	(1)	(11)	(12)
Less: Applications Withdrawn in Q1 2018	(-)	(-)	(-)
Balance carried forward to Q2 2018	3	–	3

Table 2: Substantive Applications Considered/Withdrawn/Lodged in Q1 2018

Type of Applications	Considered			Withdrawn	Lodged	Total
Type of Applications	Approved	Not Approved	Returned	Withdrawn	Lodged	Total
Initial Public Offering Main Market	1	–	–	–	–	1
Acquisition, Reverse Take-Overs and Back-Door Listings	–	–	–	–	–	–
Transfer from ACE Market to Main Market	–	–	–	–	–	–
Corporate bonds and sukuk	1	–	–	–	10	11
TOTAL	2	–	–	–	10	12

Table 3: Processing Turnaround Time for Substantive Applications Considered in Q1 2018

Total Substantive Applications Considered	Within Time Charter*		Exceed Time Charter
Total Substantive Applications Considered	No.	%	No.	%
2	2	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
Issuance of corporate bonds and sukuk to retail investors (inclusive of the registration of the prospectus) is 40 working days.

B. Corporate Applications Approved by the SC – Q1 2018

i) Applications Approved/Lodged

Table 4: Number of Applications Approved/Lodged

Type of Applications	No. of Applications Approved/Lodged
Type of Applications	Q1 2018	Q4 2017	Q1 2017
Initial Public Offerings Main Market	1	2	–
Acquisition, Reverse Take-Overs and Back-Door Listings	–	–	–
Transfers from ACE Market to Main Market	–	–	1
Corporate bonds and sukuk	11	27	18
TOTAL	12	29	19

ii) Corporate bonds and sukuk

Table 5: Approved and lodged ringgit-denominated issues

Type	Q1 2018		Q4 2017		Q1 2017
Type	No. of issues	Size (RM mil)	No. of issues	Size (RM mil)	No. of issues	Size (RM mil)
Conventional bonds	2	470.00	11	42,685.00	6	7,836.06
Sukuk	8	14,135.00	16	46,975.00	10	12,250.00
Combination⁽¹⁾	–	–	–	–	–	–
Total	10	14,605.00	27	89,660.00	16	20,086.06

Note:

⁽¹⁾Combination of sukuk and conventional notes.

Table 6: Approved and lodged foreign currency-denominated issues by foreign corporations

Type	Q1 2018		Q4 2017		Q1 2017
Type	No. of issues	Size (US$ mil)	No. of issues	Size (US$ mil)	No. of issues	Size (US$ mil)
Conventional bonds	–	–	–	–	–	–
Sukuk	1	25,000,00	–	–	2	16,000.00
Combination	–	–	–	–	–	–
Total	1	25,000.00	–	–	2	16,000.00

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

Type	Q1 2018		Q4 2017		Q1 2017
Type	No. of issues	Size (US$ mil)	No. of issues	Size (US$ mil)	No. of issues	Size (US$ mil)
Conventional bonds	–	–	–	–	–	–
Sukuk	–	–	–	–	–	–
Combination	–	–	–	–	–	–
Total	–	–	–	–	–	–

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 2018	Q4 2017	Q1 2017
Clearance of offer document⁽¹⁾	5	11	7
Clearance of independent advice circular⁽²⁾	8	11	8
Exemption from mandatory offer obligation	4	6	4
Others⁽³⁾	3	9	4
Total	20	37	23

Note:

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

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 2018	Q4 2017	Q1 2017
Establishment of new collective investment schemes	11	9	10
Establishment of retirement funds	0	0	0
Recognition of foreign ASEAN CIS	0	0	0
Increase in fund size	2	2	3
Exemption/variation from Guidelines⁽¹⁾	8	11	8
Other applications	10⁽²⁾	8	8
Total	31	30	29

Note:

⁽¹⁾ Excludes applications submitted together with the establishment of new schemes.
⁽²⁾ Includes applications for extension of time, clearance of audit scope, qualification as a SRI fund and application in relation to online activities.