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Less: Applications withdrawn in Q1 2020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Table 2: Substantive applications considered/withdrawn/lodged in Q1 2020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Withdrawn Lodged Total

Approved

Not Approved

Returned

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

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

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

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

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

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

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

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

Total

%

Total

%

Total

Representative

204

100

-

-

204

-

204

Corporation

-

-

-

-

-

-

-

Individual

-

-

-

-

-

-

-

Total

204

100

-

-

93

-

204

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