SC Scorecard Q1 2020 & Statistics of Submissions Approved by the SC in Q1 2020

A. Corporate Submissions to the SC – Q1 2020

Table 1: Status of substantive applications as at 31 March 2020

Applications	Equities	Corporate Bonds and Sukuk	Total
Balance brought forward from Q4 2019	3	-	3
Add: Applications received in Q1 2020	-	12	12
Total applications	3	12	15
Less: Applications considered in Q1 2020	(2)	(12)	(14)
Less: Applications withdrawn in Q1 2020	-	-	-
Balance carried forward to Q2 2020	1	-	1

Table 2: Substantive applications considered/withdrawn/lodged in Q1 2020

Type of Applications	Considered			Withdrawn	Lodged	Total
Type of Applications	Approved	Not Approved	Returned	Withdrawn	Lodged	Total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	1	-	-	-	-	1
Corporate bonds and sukuk	-	-	-	-	12	12
Others	-	-	-	-	-	-
TOTAL	2	-	-	-	12	14

Table 3: Processing turnaround time for substantive applications considered in Q1 2020

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
i) Applications Approved/Lodged
Table 4: Number of applications approved/lodged in Q1 2020

Type of Applications	No. of Applications Approved/Lodged
Type of Applications	Q1 2020	Q4 2019	Q1 2019
Initial public offerings – Main Market	1	-	1
Acquisition, reverse take-overs and back-door listings	-	-	-
Transfers from ACE Market to Main Market	1	1	-
Corporate bonds and sukuk	12	20	21
TOTAL	14	21	22

ii) Corporate Bonds and Sukuk
Table 5: Approved/lodged ringgit-denominated issues in Q1 2020

Type of Applications	Q1 2020		Q4 2019		Q1 2019
Type of Applications	No. of issues	Size (RM mil)	No. of issues	Size (RM mil)	No. of issues	Size (RM mil)
Conventional bonds	4	4,851.00	7	10,440.00	8	15,382.47
Sukuk	7	9,900.00	10	21,793.50	9	27,728.10
Combination⁽¹⁾	-	-	-	-	2	20,000.00
Total	11	14,751.00	17	32,233.50	19	63,110.57

Note:

⁽¹⁾ Combination of sukuk and conventional notes.

Table 6: Approved/lodged foreign currency-denominated issues by foreign corporations in Q1 2020

Type of Applications	Q1 2020		Q4 2019		Q1 2019
Type of Applications	No. of issues	Size (USD mil)	No. of issues	Size (USD mil)	No. of issues	Size (USD mil)
Conventional bonds	-	-	-	-	-	-
Sukuk	1	25,000.00	1	300.00	2	27,000.00
Combination	-	-	-	-	-	-
Total	1	25,000.00	1	300.00	2	27,000.00

Table 7: Approved/lodged foreign currency-denominated issues by Malaysian issuers in Q1 2020

Type of Applications	Q1 2020		Q4 2019		Q1 2019
Type of Applications	No. of issues	Size (mil)	No. of issues	Size (mil)	No. of issues	Size (mil)
Conventional bonds	-	-	2	300,000.00	-	-
Sukuk	-	-	-	-	-	-
Combination	-	-	-	-	-	-
Total	-	-	2	300,000.00	-	-

iii) Take-Overs & Mergers
Table 8: Number of submissions considered in relation to take-overs, mergers and compulsory acquisitions in Q1 2020

Type	Number of Submissions Considered
Type	Q1 2020	Q4 2019	Q1 2019
Clearance of offer document⁽¹⁾	6	4	4
Clearance of independent advice circular⁽²⁾	7	7	5
Exemption from mandatory offer obligation	1	5	3
Others⁽³⁾	1	1	3
Total	15	17	15

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 2016/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 2020	Q4 2019	Q1 2019
Establishment of new collective investment schemes	13	17	10
Establishment of retirement funds	-	2	-
Recognition of foreign ASEAN CIS	-	-	-
Increase in fund size	-	-	1
Exemption/variation from Guidelines⁽¹⁾	5	5	2
Other applications	1⁽²⁾	7	4
Total	19	31	17

Note:

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

C. Licensing
Table 10: Status of licensing applications in Q1 2020

New licence application	Brought forward from Q4 2019	Received	Withdrawn	Returned	Considered	Approved	Rejected	Pending
Representative	45	239	5	30	249	204	6	39
Corporation	12	1	-	1	12	-	2	10
Individual	-	-	-	-	-	-	-	-
Total	57	240	5	31	261	204	8	49

C. Licensing
Table 10: Processing Turnaround Time for Licensing Applications in Q1 2020

New licence application	Within time charter		Exceeds time charter		Subtotal	Exception	Total approved
New licence application	Total	%	Total	%	Subtotal	Total	Total approved
Representative	204	100	-	-	204	-	204
Corporation	-	-	-	-	-	-	-
Individual	-	-	-	-	-	-	-
Total	204	100	-	-	93	-	204