SC Scorecard Q1 2024 & Statistics of Submissions Approved by the SC in Q1 2024

A. Corporate Submissions to the SC – Q1 2024

Table 1: Status of Substantive Applications as at at 31 March 2024

Applications	Equities	Corporate Bonds and Sukuk	Total
Balance brought forward from Q3 2023	9	1	10
Add: Applications received in Q4 2023	7	14	21
Total applications	16	15	31
Less: Applications Considered/Lodged in Q4 2023	(6)	(15)	(21)
Less: Applications Withdrawn in Q4 2023	(1)	-	(1)
Balance carried forward to Q1 2024	9	-	9

Table 2: Substantive Applications Considered/Withdrawn/Lodged in Q1 2024

Type of Applications	Considered			Withdrawn	Lodged	Total
Type of Applications	Approved	Not Approved	Returned	Withdrawn	Lodged	Total
Initial Public Offering - Main Market	4	-	-	-	-	4
Acquisition, Reverse Take-Overs and Back-Door Listings	1	-	-	-	-	1
Transfer from ACE Market to Main Market	2	-	-	-	-	2
Corporate bonds and sukuk	-	-	-	-	10	10
TOTAL	7	-	-	-	10	17

Table 3: Processing Turnaround Time for Substantive Applications Considered in Q1 2024

Total Substantive Equities Applications Considered	Approved	Lapsed	Rejected	Processing Time	Time Charter*
Total Substantive Equities Applications Considered	Approved	Lapsed	Rejected	Processing Time	Within	Exceed
7	7	-	-	3 – 5 months	100%	-

* Based on number of queries issued.
Time charter for substantive application:
first round of query raised within 10 MDs from receipt of complete submission; and
subsequent queries raised within 5 MDs from receipt of complete replies.

B. Corporate Applications Approved by the SC – Q1 2024
i) Applications Approved/Lodged
Table 4: Number of Applications Approved/Lodged

Type of Applications	No. of Applications Approved/Lodged
Type of Applications	Q1 2024	Q4 2023	Q1 2023
Initial Public Offerings - Main Market	4	3	-
Acquisition, Reverse Take-Overs and Back-Door Listings	1	-	-
Transfers from ACE Market to Main Market	2	3	3
Corporate bonds and sukuk	10	15	14
TOTAL	17	21	17

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

Type of Applications	Q1 2024		Q4 2023		Q1 2023
Type of Applications	No. of issues	Size (RM mil)	No. of issues	Size (RM mil)	No. of issues	Size (RM mil)
Conventional bonds	-	-	7	12,170.58	4	3,586.50
Sukuk	10	14,500.00	8	19,795.00	10	27,080.00
Combination⁽¹⁾	-	-	-	-	-	-
TOTAL	10	14,500.00	15	31,965.58	14	30,666.50

Note:

⁽¹⁾ Combination of sukuk and conventional bonds.

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

Type of Applications	Q1 2024		Q4 2023		Q1 2023
Type of Applications	No. of issues	Size (US$ mil)	No. of issues	Size (US$ mil)	No. of issues	Size (US$ mil)
Conventional bonds	-	-	-	-	-	-
Sukuk	-	-	-	-	-	-
Combination⁽¹⁾	-	-	-	-	-	-
Total	-	-	-	-	-	-

Note:

⁽¹⁾ Combination of sukuk and conventional bonds.

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

Type of Applications	Q1 2024		Q4 2023		Q1 2023
Type of Applications	No. of issues	Size (USD mil)	No. of issues	Size	No. of issues	Size
Conventional bonds	-	-	-	-	-	-
Sukuk	-	-	-	-	-	-
Combination⁽¹⁾	-	-	-	-	-	-
Total	-	-	-	-	-	-

Note:

⁽¹⁾ Combination of sukuk and conventional bonds.

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 2024	Q4 2023	Q1 2023
Clearance of offer/scheme documents¹	6	4	2
Offers Schemes	6 0	3 1	1 1
Total offer/scheme value	RM0.71b	RM4.58b	RM0.75b
Clearance of independent advice circulars	8	6	1
Offers/schemes Whitewash exemptions²	6 2	4 2	1 0
Clearance of circulars for whitewash exemption	2	2	-
Applications for exemption from mandatory offer obligation	8	0	4
Whitewash exemptions Others	2 6	0 0	3 1
Other applications³	3	11	2
TOTAL APPLICATIONS CONSIDERED	27	23	9

Note:

Including documents relating to schemes for control and compensation scheme documents, where applicable.
Whitewash refers to an exemption from mandatory offer obligation arising from the issuance of new securities, granted by the SC subject to fulfilment of the stipulated conditions including approval from independent holders at a general meeting.
Refers to all other applications under the Capital Markets and Services Act 2007, 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 2024	Q4 2023	Q1 2023
Establishment of new collective investment schemes	6	5	5
Establishment of retirement funds	0	3	0
Recognition of foreign ASEAN CIS	0	0	0
Exemption/variation from Guidelines¹	0	2	1
Other applications	8²	4	4
Total	14	14	10

Note:

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