SC Scorecard Q2 2013 & Statistics of Submissions Approved by the SC in Q2 2013
A. Corporate Submissions to the SC – Q2 2013
Table 1: Status of Substantive Applications as at 30 June 2013
Applications   

Total

Balance brought forward from Q1 2013

16

Add: Applications received in Q2 2013

34

Total applications

50

Less: Applications Considered in Q2 2013

(30)

Less: Applications Withdrawn in Q2 2013

(4)

Balance carried forward to Q3 2013

16

Table 2: Substantive Applications Considered/Withdrawn in Q2 2013

Type of Applications

Considered

Withdrawn Total

Approved

Not Approved

Returned

Initial Public Offering

Main Market

4

3

1

8

Reverse Take-Overs  and Restructurings

1

1

Transfer from ACE Market to Main Market

1

1

Private Debt Securities (PDS)

20

3

23

Others

1

1

TOTAL

27

3

4

34

Table 3: Processing Turnaround Time for Substantive Applications Considered in Q2 2013

Total Substantive
Applications Considered

 

 

Within Time Charter(1)

Exceed Time Charter(2)

Total

No.

%

No.

%

No. %

27

90

3

10

30

100

Note:
(1) 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
  • Private debt securities and sukuk: Deemed approval/authorisation or 14 working days
(2) Main reasons for exceeding time charter are the need for further explanation/clarification on certain pertinent issues and for enhanced disclosures.
B. Corporate Applications Approved by the SC – Q2 2013
i) Applications Approved and Lodged

Table 4: Number of Applications Approved


Type of Applications

No. of Applications Approved/Lodged

Q2 2013

Q1 2013

Q2 2012

Initial Public Offerings

Main Market

4

3

2

Reverse Take-Overs and Back-Door Listings

1

1

1

Transfers from ACE Market to Main Market

1

1

1

Private Debt Securities (PDS)

20

22

24

Others

1

1

4

TOTAL

27

28

32

ii) Corporate bonds and sukuk
Table 5: Approved and authorised ringgit-denominated issues

Type

Q2 2013

Q1 2013

Q2 2012

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

Conventional PDS

4

15,119.40

8

5,148.00

12

12,255.00

Sukuk

13

18,559.00

10

7,410.00

6

10,750.00

Combination(1)

Total

17

33,678.40

18

12,558.00

18

23,005.00

Note: 
(1) Combination of sukuk and conventional notes.
Table 6: Authorised foreign currency-denominated issues by foreign corporations

Type

Q2 2013

Q1 2013

Q2 2012

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

Conventional PDS

1(1)

SGD0.3 billion

Sukuk

2(1,2)

3(1,3)

USD0.11 billion

3(4)

USD4.15 billion

Combination

Total

3

SGD0.3 billion

3

USD0.11 billion

3

USD4.15 billion

Note: 
(1) Offerings in Malaysia were part of global offerings.
(2) 2 issues have yet to finalise the offer size at the point of authorisation.
(3) 1 issue has yet to finalise the offer size at the point of authorisation.
(4) Comprise 1 multi-currency issue amounting to USD3.0 billion and 2 global offerings.
Table 7: Approved and Authorised foreign currency-denominated issues by Malaysian Issuers

Type

Q2 2013

Q1 2013

Q2 2012

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

Conventional PDS

3(1)

USD8.00 billion

Sukuk

1(1)

USD1.5 billion

Combination

Total

1

USD1.5 billion

3

USD8.00 billion

Note: 
(1) Multi-currency issue.
iii) Take-Overs & Mergers
Table 8: Number of Submissions Considered under the Malaysian Code on Take-overs and Mergers 2010

Type

Number of Submissions Considered

Q2 2013

Q1 2013

Q2 2012

Clearance of offer document(1)

5

8

8

Clearance of independent advice circular

12

13

7

Exemption from mandatory offer obligation

7

5

14

Others(2)

6

6

12

Total

30

32

41

Note:
(1) Including documents relating to schemes for control under the Companies Act 1965.
(2)Including rulings, ancillary applications and other related decisions.

iv) Collective Investment Schemes & Private Retirement Schemes
Table 9: Number of Applications Approved Relating to Unit Trusts, Other Collective Investment Schemes and Private Retirement Schemes


Type

Number of Applications Approved

Q2
2013

Q1
2013

Q2
2012

Establishment of new collective investment schemes

22

15

21

Establishment of retirement funds

4

0

0

Increase in fund size

1

2

28

Exemption/variation from Guidelines(1)

5

3

3

Other applications(2)

23

17

18

Total

55

37

70

Note:
(1) Excludes applications submitted through the establishment of new schemes.
(2) Includes applications for extension of time, change of trustee, renewal of trustee’s registration, change of management company and application in relation to online transactions and activities.
C. Licensing

Table 10: Status of Licensing Applications

New licence application

Received

Withdrawn

Returned

Considered

Approved

Rejected

Pending

Representative

354

5

17

332

263

0

69

Corporation

21

0

0

21

7

0

14

Individual

0

0

0

0

0

0

0

Total

375

5

17

353

270

0

83

Note:
(1) Includes licence for 1 individual
(2) Includes licence for 8 individuals
Table 11: Processing Turnaround Time for Licensing Applications

New licence application

Within time charter

Exceeds time charter

Subtotal

Exception

Total approved

Total

%

Total

%

Total

%

Representative

263

100

0

0

263

0

0

263

Corporation

7

0

0

0

7

0

0

7

Individual

0

0

0

0

0

0

0

0

Total

270

100

0

0

270

0

0

270

Table 12: Processing Turnaround Time for Licensing Applications in Q2, 2014

New licence application

 

Within time charter

Exceeds time charter

Subtotal

Exception

Total approved

Total

%

Total

%

Total

%

Representative

271

100

0

0

271

0

0

271

Corporation

3

100

0

0

3

0

0

3

Individual

0

0

0

0

0

0

0

0

Total

274

100

0

0

274

0

0

274

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