SC Scorecard Q2 2012 & Statistics of Submissions Approved by the SC in Q2 2012

A. Corporate Submissions to the SC – Q2 2012

Table 1: Status of Substantive Applications as at 30 June 2012

Applications	Total
Balance brought forward from Q1 2012	9
Add: Applications received in Q2 2012	56
Total applications	65
Less: Applications Considered in Q2 2012	(34)
Less: Applications Withdrawn in Q2 2012	(3)
Balance carried forward to Q3 2012	28

Table 2: Substantive Applications Considered/Withdrawn in Q2 2012

Type of Applications	Considered			Withdrawn	Total
Type of Applications	Approved	Not Approved	Returned	Withdrawn	Total
Initial Public Offering Main Market	2	–	1	1	4
Reverse Take-Overs and Restructurings	1	–	–	–	1
Transfer from ACE Market to Main Market	1	–	–	–	1
Private Debt Securities	24	–	1	2	27
Cross listing of Malaysian Corporation	1	–	–	–	1
Others	3	–	–	–	3
TOTAL	32	–	2	3	37

Table 3: Processing Turnaround Time for Substantive Applications Considered in Q2 2012

Substantive Applications	Within Time Charter¹		Exceed Time Charter²		Total
	No.	%	No.	%	No.	%
	33	97	1	3	34	100

Note:

(1) The SC time charter for processing is computed from the date of receipt of complete information on the application up to the date of the decision letter, and this is applicable to the following proposals:

Initial public offerings (IPOs) and acquisition 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
Private debt securities: Deemed approval and 14 working days.

(2) Main reasons for exceeding time charter include incomplete application from the applicant and/or SC’s request for further clarification on certain pertinent issues.

B. Corporate Applications Approved by the SC – Q2 2012

i) Applications Approved
Table 4: Number of Applications Approved

Type of Applications	No. of Applications Approved/Lodged
Type of Applications	Q2 2012	Q1 2012	Q2 2011
Initial Public Offering Main Market	2	1	9
Reverse Take-Overs and Restructurings	1	2	2
Transfer from ACE Market to Main Market	1	–	1
Cross Listing of Malaysian Corporation	1	–	–
Private Debt Securities (PDS)	24⁽¹⁾	16⁽²⁾	26⁽³⁾
Others	3(4)	3	4
TOTAL	32	22	42

Note:

⁽¹⁾ 18 Ringgit-denominated issues and 6 foreign currency-denominated issues of conventional PDS and sukuk (Tables 5, 6 & 7).

⁽²⁾ 12 Ringgit-denominated issues and 4 foreign currency-denominated issues of conventional PDS and sukuk (Tables 5, 6 & 7).
⁽³⁾ 21 Ringgit-denominated issues and 5 foreign currency-denominated issues of conventional PDS and sukuk (Tables 5, 6 & 7).
⁽⁴⁾ Includes offering of equity securities by foreign corporation with no listing on Bursa Malaysia.

ii) Private Debt Securities (PDS)

Table 5: Approved Ringgit-Denominated issues

Type of Applications	Q2 2012		Q1 2012		Q2 2011
Type of Applications	No. of issues	Size (RM mil)	No. of issues	No. of issues	No. of issues	Size (RM mil)
Conventional PDS	12	12,255.00	8	10,412.08	7	9,676.80
Sukuk	6	10,750.00	4	11,525.00	14	24,590.00
Combination⁽¹⁾	–	–	–	–	–	–
Total	18	23,005.00	12	21,937.08	21	34,266.80

Note:

⁽¹⁾ Combination of sukuk and conventional notes.

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

Type of Applications	Q2 2012		Q1 2012		Q2 2011
Type of Applications	No. of issues	Size	No. of issues	Size	No. of issues	Size
Conventional PDS	–	–	1	SGD2.00 billion⁽²⁾	1	CNY3.00 billion⁽²⁾
Sukuk	3	USD4.15 billion⁽¹⁾	3	USD4.15 billion⁽²⁾	2	USD1.05 billion⁽²⁾
Combination	–	–	–	–	–	–
Total	3	USD4.15 billion	1	SGD2.00 billion	1	CNY3.00 billion
Total	3	USD4.15 billion	3	USD4.15 billion	2	USD1.05 billion

Note:

⁽¹⁾ Comprise 1 multi-currency issue amounting to USD3.0 billion and 2 global offerings.
⁽²⁾ Offerings in Malaysia were part of global offerings.

Table 7: Approved foreign currency-denominated issues by Malaysian Issuers

Type of Applications	Q2 2012		Q1 2012		Q2 2011
Type of Applications	No. of issues	Size	No. of issues	Size	No. of issues	Size
Conventional bonds	3	USD8.00 billion⁽¹⁾	–	–	2	USD2.50 billion
Sukuk	–	–	–	–	–	–
Combination	–	–	–	–	–	–
Total	3	USD8.00 billion	–	–	2	USD2.50 billion

Note:

⁽¹⁾Multi-currency issues.

iii) Take-Overs & Mergers

Table 8: Number of Applications Considered under the Malaysian Code on Take-overs and Mergers 2010

Type	Number of Submissions Considered
Type	Q2 2012	Q1 2012	Q2 2011⁽²⁾
Clearance of offer document ⁽¹⁾	8	7	2
Exemption from mandatory offer obligation	7	5	7
Clearance of independent advice circular	14	8	11
Others⁽³⁾	12	9	8
Total	41	29	28

Note:

(1) Include clearance of documents relating to scheme of arrangement and selective capital repayment which are considered as take-over offers.

(2) Certain comparable figures for Q2 2011 have been restated to conform to the current quarter’s presentation.
(3) Include applications for extension of time, ruling, waiver from provisions of the Code, other ancillary applications and related decisions.

iv) Unit Trusts & Collective Investment Schemes

Table 9: Number of Submissions Relating to Unit Trusts and Other Collective Investment Schemes Approved

Type	Number of Applications Approved
Type	Q2 2012	Q1 2012	Q2 2011
Establishment of new funds	21	14	31
Increase in fund size	28	43	21
Exemption/variation from Guidelines⁽¹⁾	3	1	5
Other applications⁽²⁾	18	20	17
Total	70	78	74

Note:

⁽¹⁾ Excludes applications submitted through the establishment of new schemes.
⁽²⁾ Including applications for change of trustee and extension of time.

v) Applications for Licences

Table 10: Status of Licensing Applications as at 1 April – 30 June 2012 (Q2)

New licence application	Received	Withdrawn	Returned	Considered	Approved	Pending
Representative	345	1	17	327	277	50
Corporation	1	0	0	1	0	1
Individual	0	0	0	0	0	0
Total	346	1	17	328	277	51

Table 11: Processing Turnaround Time for Licensing Applications, 1 April – 30 June 2012 (Q2)

New licence application	Within time charter		Exceeds time charter		Subtotal	Exception		Total approved
New licence application	Total	%	Total	%	Subtotal	Total	%	Total approved
Representative	276	99.64	1	0.36	277	0	0	277
Corporation	0	0	0	0	0	0	0	0
Individual	0	0	0	0	0	0	0	0
Total	276	99.64	1	0.36	277	0	0	277