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Less: Applications Withdrawn in Q2 2013	(4)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Table 2: Substantive Applications Considered/Withdrawn in Q2 2013

Type of Applications	Considered			Withdrawn	Total
Type of Applications	Approved	Not Approved	Returned	Withdrawn	Total
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
Type of Applications	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
Type	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
Type	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
Type	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
Type	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
Type	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	Pending
Representative	354	5	17	332	263	69
Corporation	21	0	0	21	7	14
Individual	0	0	0	0	0	0
Total	375	5	17	353	270	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
New licence application	Total	%	Total	%	Subtotal	Total	%	Total approved
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	%	Subtotal	Total	%	Total approved
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