SC Scorecard Q1 2022 & Statistics of Submissions Approved by the SC in Q1 2022

A. Corporate Submissions to the SC – Q1 2022

Table 1: Status of Substantive Applications as at 31 March 2022

Applications	Equities	Corporate Bonds and Sukuk	Total
Balance brought forward from Q4 2021	7	-	7
Add: Applications received/lodged in Q1 2022	2	13	15
Total applications	9	13	22
Less: Applications considered/lodged in Q1 2022	(1)	(13)	(14)
Less: Applications withdrawn in Q1 2022	-	-	-
Balance carried forward to Q2 2022	8	-	8

Table 2: Substantive Applications Considered/Withdrawn/Lodged in Q1 2022

Type of Applications	Considered			Withdrawn	Lodged	Total
Type of Applications	Approved	Not Approved	Returned	Withdrawn	Lodged	Total
IPO – Main Market	-	-	-	-	-	-
Acquisition, reverse take-overs and back- door listings	-	-	-	-	-	-
Transfer from ACE Market to Main Market	1	-	-	-	-	1
Corporate bonds and sukuk	-	-	-	-	13	13
TOTAL	1	-	-	-	13	14

Table 3: Processing Turnaround Time for Substantive Applications Considered in Q1 2022

Total Substantive Applications Considered	Within Time Charter*		Exceed Time Charter
Total Substantive Applications Considered	No. of queries issued	%	No. of queries issued	%
1	5	100	-	-

Note:

* For each substantive application, the first round of queries was raised within the internal time charter of 10 MDs from receipt of submission as well as all subsequent rounds of queries were raised within the internal time charter of 5 MDs from receipt of complete replies.

B. Corporate Applications Approved by the SC – Q1 2022
i) Applications Approved/Lodged
Table 4: Number of Applications Approved/Lodged

Type of Applications	No. of Applications Approved/Lodged
Type of Applications	Q1 2022	Q4 2021	Q1 2021
IPO – Main Market	-	5	1
Acquisition, reverse take-overs and back-door listings	-	-	-
Transfers from ACE Market to Main Market	1	1	1
Secondary listing on Main Market	-	-	1
Corporate bonds and sukuk	13	29	17
TOTAL	14	35	20

ii) Corporate Bonds and Sukuk
Table 5: Approved and Lodged Ringgit-Denominated Issues

Type of Applications	Q1 2022		Q4 2021		Q1 2021
Type of Applications	No. of issues	Size (RM mil)	No. of issues	Size (RM mil)	No. of issues	Size (RM mil)
Conventional bonds	3	1,030.00	5	3,392.62	1	800.00
Sukuk	9	24,149.00	20	58,250.06	15	40,360.00
Combination⁽¹⁾	-	-	4	2,000.00	-	-
Total	12	25,179.00	29	63,642.68	16	41,160.00

Note:

⁽¹⁾ Combination of sukuk and conventional bonds.

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

Type of Applications	Q1 2022		Q4 2021		Q1 2021
Type of Applications	No. of issues	Size (US$ mil)	No. of issues	Size (US$ mil)	No. of issues	Size (US$ mil)
Conventional bonds	1	3,000.00	-	-	-	-
Sukuk	-	-	-	-	1	500.00
Combination⁽¹⁾	-	-	-	-	-	-
Total	1	3,000.00	-	-	1	500.00

Note:

⁽¹⁾ Combination of sukuk and conventional bonds.

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

Type of Applications	Q1 2022		Q4 2021		Q1 2021
Type of Applications	No. of issues	Size (JPY mil)	No. of issues	Size (JPY mil)	No. of issues	Size (JPY mil)
Conventional bonds	-	-	-	-	-	-
Sukuk	-	-	-	-	-	-
Combination⁽¹⁾	-	-	-	-	-	-
Total	-	-	-	-	-	-

Note:

⁽¹⁾ Combination of sukuk and conventional bonds.

iii) Take-Overs & Mergers
Table 8: Number of Applications Considered in Relation to Take-overs, Mergers and Compulsory Acquisitions

Type	Number of Submissions Considered
Type	Q1 2022	Q4 2021	Q1 2021
Clearance of offer/scheme documents¹	4	3	7
Offers Schemes	2 2	3 0	6 1
Total offer/scheme value	RM0.24b	RM0.63b	RM2.66b
Clearance of independent advice circulars	4	5	12
Offers/schemes Whitewash exemptions	4 0	3 2	9 3
Applications for exemption from mandatory offer obligation	4	6	6
Whitewash exemptions Others	2 2	1 5	2 4
Other applications²	7	1	3
TOTAL APPLICATIONS CONSIDERED	19	15	28

Note:

¹ Including documents relating to schemes for control and compensation scheme documents, where applicable.
² Refers to all other applications under the CMSA, Malaysian Code on Take-overs and Mergers 2016 and Rules on Take-overs, Mergers and Compulsory Acquisitions.

iv) CIS, PRS and Foreign ASEAN CIS

Table 9: Number of Applications Approved Relating to Unit Trusts, other CIS, PRS and Foreign ASEAN CIS

Type	Number of Applications Approved
Type	Q1 2022	Q4 2021	Q1 2021
Establishment of new collective investment schemes	9	27	13
Establishment of retirement funds	3	1	0
Recognition of foreign ASEAN CIS	0	0	0
Exemption/variation from Guidelines⁽¹⁾	0	8	1
Other applications	13²	14	10
Total	25	50	24

Note:

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

C. Licensing

Table 10: Status of Licensing Applications

New licence application	Brought forward from Q4 2021	Received	Withdrawn	Returned	Considered / Pending Consideration	Approved	Rejected	Pending
Representative	58	285	5	22	316	265	-	51
Corporation	10	3	-	-	13	2	-	11
Individual	-	-	-	-	-	-	-	-
TOTAL	68	288	5	22	329	267	-	62

Table 11: Processing Turnaround Time for Licensing Applications

New licence application	Within time charter		Exceeds time charter		Subtotal	Exception¹	Total approved
New licence application	Total	%	Total	%	Subtotal	Total	Total approved
Representative	265	100	-	-	265	-	265
Corporation	2	100	-	-	2	-	2
Individual	-	-	-	-	-	-	-
TOTAL	267	100	-	-	267	-	267

Note:

¹ This refers to an application which required exception handling, where further assessment and engagement were required due to issues related to the applicant’s fit and properness.