SC Scorecard Q2 2014 & Statistics of Submissions Approved by the SC in Q2 2014

A. Corporate Submissions to the SC – Q2 2014

Table 1: Status of Substantive Applications as at 30 June 2014

Applications	Total
Balance brought forward from Q1 2014	25
Add: Applications received in Q2 2014	28
Total applications	53
Less: Applications Considered in Q2 2014	(34)
Less: Applications Withdrawn in Q2 2014	(3)
Balance carried forward to Q3 2014	16

Table 2: Substantive Applications Considered/Withdrawn in Q2 2014

Type of Applications	Considered			Withdrawn	Total
Type of Applications	Approved	Not Approved	Returned	Withdrawn	Total
Initial Public Offering Main Market	4	–	–	1	5
Acquisition, Reverse Take-Overs and Back-Door Listings	1	–	1	–	2
Transfer from ACE Market to Main Market	2	–	–	–	2
Private Debt Securities	25	–	1	2	28
TOTAL	32	–	2	3	37

Table 3: Processing Turnaround Time for Substantive Applications Considered in Q2 2014

Total Substantive Applications Considered	Within Time Charter⁽¹⁾		Exceed Time Charter⁽²⁾
Total Substantive Applications Considered	No.	%	No.	%
21	33	97	1	3

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 2014

i) Applications Approved and Lodged

Table 4: Number of Applications Approved/Authorised

Type of Applications	No. of Applications Approved/Lodged
Type of Applications	Q2 2014	Q1 2013	Q2 2013
Initial Public Offerings Main Market	4	5	4
Acquisition, Reverse Take-Overs and Back-Door Listings	1	–	1
Transfers from ACE Market to Main Market	2	1	1
Secondary Listing	25	14	20
Others	–	–	1
TOTAL	32	20	27

ii) Corporate bonds and sukuk

Table 5: Approved and lodged ringgit-denominated issues

Type	Q2 2014		Q1 2014		Q2 2013
Type	No. of issues	Size (RM mil)	No. of issues	Size (RM mil)	No. of issues	Size (RM mil)
Conventional PDS	4⁽¹⁾	13,702.60	7⁽²⁾	6,322.08	4	15,119.40
Sukuk	17⁽³⁾	21,690.00	7	21,075.00	13	18,559.00
Combination⁽²⁾	–	–	–	–	–	–
Total	21	35,392.60	14	27,397.08	17	33,678.40

Note:

⁽¹⁾ Include 1 multi-currency issue amounting to RM10.0 billion
⁽²⁾ Includes 1 multi-currency issue amounting to RM5.0 billion
⁽³⁾ Includes 1 multi-currency issue amounting to RM1.0 billion
⁽²⁾ Combination of sukuk and conventional notes.

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

Type	Q2 2014		Q1 2014		Q2 2013
Type	No. of issues	Size	No. of issues	Size	No. of issues	Size
Conventional PDS	–	–	–	–	1(1)	SGD300.00
Sukuk	1(1)	GBP38.50		–	2(1)	USD109.00
Sukuk	2(1)	USD21.00		–	2(1)	USD109.00
Combination	–	–	–	–	–	–
Total	1	GBP38.50	–	–	1	SGD300.00
Total	2	USD21.00	–	–	2	USD109.00

Note:

⁽¹⁾ Offerings in Malaysia were part of global offerings.

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

Type	Q2 2014		Q1 2014		Q2 2013
Type	No. of issues	Size (RM mil)	No. of issues	Size (RM mil)	No. of issues	Size (RM mil)
Conventional PDS	–	–	–	–	–	–
Sukuk	1	USD500.00	–	–	–	–
Combination	–	–	–	–	–	–
Total	1	USD500.00	–	–	–	–

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 2014	Q1 2014	Q2 2013
Clearance of offer document⁽¹⁾	8	6	5
Clearance of independent advice circular	11	12	12
Exemption from mandatory offer obligation	2	7	7
Others⁽²⁾	11	14	6
Total	32	39	30

Note:

⁽¹⁾ Including documents relating to schemes for control under the Companies Act 1965.
⁽²⁾ Including the eligibility to act as independent adviser for take-over proposals, 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 2014	Q1 2014	Q2 2013
Establishment of new collective investment schemes	15	27	22
Establishment of retirement funds	0	0	4
Increase in fund size	0	2	1
Exemption/variation from Guidelines⁽¹⁾	5	4	5
Other applications⁽²⁾	22	13	23
Total	42	46	55

Note:

⁽¹⁾ Excludes applications submitted through the establishment of new schemes.
⁽²⁾For example, applications for variation to proposal, extension of time, change of trustee, change of management company and in relation to online activities.

C. Licensing

Table 10: Total number of licensed and registered capital market intermediaries as at 30 June 2014

Regulated Activity	Total number of licensees
Capital Markets Services Licence (CMSL)
Investment banks	11
Universal brokers	1
Special scheme foreign stockbroking companies	7
Stockbroking companies with at least one merger partner	12
Dealing in Derivatives	11
Issuing houses	2
Dealing in Securities restricted to Unit Trust (Standalone)	7
Fund management companies (including REIT Managers)	71
Special scheme foreign fund management companies	5
Islamic fund management companies	19
Corporate finance companies (Boutique)	42
Investment advisory companies (Boutique)	21⁽¹⁾
Financial planning companies	36⁽²⁾
Capital Markets Services Representative’s Licence (CMSRL)
Dealing in securities (include dual licence holder)	6,736
Dealing in Derivatives	777
Fund Management	729
Advising on corporate finance	687
Investment advice	239
Financial planning	474

Note:

⁽¹⁾Includes licence for 1 individual
⁽²⁾Includes licence for 8 individuals

Table 11: Status of Licensing Applications in Q2, 2014

New licence application	Received	Withdrawn	Returned	Considered	Approved	Pending
Representative	324	6	8	310	271	39
Corporation	5	0	0	5	3	2
Individual	0	0	0	0	0	0
Total	329	6	8	315	274	41

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