SC Scorecard Q2 2015 & Statistics of Submissions Approved by the SC in Q2 2015

A. Corporate Submissions to the SC – Q2 2015

Table 1: Status of Substantive Applications as at 30 June 2015

Applications	Total
Balance brought forward from Q1 2015	16
Add: Applications received in Q2 2015	26
Total applications	42
Less: Applications Considered in Q2 2015	(30)
Less: Applications Withdrawn in Q2 2015	(2)
Balance carried forward to Q3 2015	10
Lodgement received in Q2 2015 (under the Lodge & Launch Framework)	1

Table 2: Substantive Applications Considered/Withdrawn/Lodged in Q2 2015

Type of Applications	Considered			Withdrawn	Lodged	Total
Type of Applications	Approved	Not Approved	Returned	Withdrawn	Lodged	Total
Initial Public Offering Main Market	1	1	1	1	–	4
Acquisition, Reverse Take-Overs and Back-Door Listings	1	1	–	1	–	3
Transfer from ACE Market to Main Market	–	–	–	–	–	–
Private Debt Securities and Sukuk	25	–	–	–	1	26
TOTAL	27	2	1	2	1	33

Table 3: Processing Turnaround Time for Substantive Applications Considered in Q2 2015

Total Substantive Applications Considered	Within Time Charter*		Exceed Time Charter
Total Substantive Applications Considered	No.	%	No.	%
30	30	100	–	–

Note:

* 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

B. Corporate Applications Approved by the SC – Q2 2015

i) Applications Approved and Lodged

Table 4: Number of Applications Approved and Lodged

Type of Applications	No. of Applications Approved/Lodged
Type of Applications	Q2 2015	Q1 2015	Q2 2014
Initial Public Offerings Main Market	1	3	4
Acquisition, Reverse Take-Overs and Back-Door Listings	1	–	1
Transfers from ACE Market to Main Market	0	1	2
Secondary Listing	26	13	25
TOTAL	28	17	32

ii) Corporate bonds and sukuk

Table 5: Approved and lodged ringgit-denominated issues

Type	Q2 2015		Q1 2015		Q2 2014
Type	No. of issues	Size (RM mil)	No. of issues	Size (RM mil)	No. of issues	Size (RM mil)
Conventional PDS	5	9,726.00	4	5,500.00	4⁽²⁾	13,702.60
Sukuk	9⁽¹⁾	16,960.00	4	6,300.00	17⁽³⁾	21,690.00
Combination⁽²⁾	6	8,500.00	–	–	–	–
Total	20	35,186.00	8	11,800.00	21	35,392.60

Note:

⁽¹⁾ Include 2 multi-currency issues amounting to RM8.6 billion and 1 issue lodged under the Lodge & Launch Framework
⁽²⁾ Includes 1 multi-currency issue amounting to RM10.0 billion
⁽³⁾ Includes 1 multi-currency issue amounting to RM1.0 billion

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

Type	Q2 2015		Q1 2015
Type	No. of issues	Size (mil)	No. of issues	Size (mil)	No. of issues	Size (mil)
Conventional PDS	1⁽¹⁾	USD15,000.00	–	–	–	–
Sukuk	3⁽²⁾	USD662.60	4^(2,3)	USD791.45	1⁽²⁾	GBP38.50
Sukuk	3⁽²⁾	USD662.60	4^(2,3)	USD791.45	2⁽²⁾	USD21.00
Combination	–	–	–	–	–	–
Total	4	USD15,662.60	4	USD791.45	1	GBP38.50
Total	4	USD15,662.60	4	USD791.45	2	USD21.00

Note:

⁽¹⁾ Multi-currency issue.
⁽²⁾ Offerings in Malaysia were part of global offerings.
⁽³⁾ Includes 1 multi-currency issue amounting to USD311.0 million

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

Type	Q2 2015		Q1 2015		Q2 2014
Type	No. of issues	Size (US$ mil)	No. of issues	Size (US$ mil)	No. of issues	Size (US$ mil)
Conventional PDS	2	USD1,500.00	–	–	–	–
Sukuk	–	–	1(1)	USD750.00	1(1)	USD500.00
Combination	–	–	–	–	–	–
Total	2	USD1,500.00	1	USD750.00	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 2015	Q1 2015	Q2 2014
Clearance of offer document⁽¹⁾	4	6	8
Clearance of independent advice circular⁽²⁾	7	8	11
Exemption from mandatory offer obligation	2	8	2
Others	5	6	11
Total	18	28	32

Note:

⁽¹⁾ Including documents relating to schemes for control.
⁽²⁾ Including independent advice circulars for whitewash exemptions.

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 2015	Q1 2015	Q2 2014
Establishment of new collective investment schemes	36	40	15
Establishment of retirement funds	3	0	0
Increase in fund size	2	0	0
Exemption/variation from Guidelines⁽¹⁾	7	5	5
Other applications	30	14	22
Total	78	59	42

Note:

⁽¹⁾ Excludes applications submitted through the establishment of new schemes.
⁽²⁾Includes applications to act as adviser under OMG Guidelines, extension of time, renewal of trustee’s registration, variation to proposal, clearance of audit scope and application in relation to online activities.

C. Licensing

Table 10: Status of licensing applications

New licence application	Received	Withdrawn	Returned	Considered	Approved	Rejected	Pending
Representative	292	15	15	262	237	–	25
Corporation	12	–	–	12	6	–	6
Individual	–	–	–	–	–	–	–
Total	304	15	15	274	243	–	31

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	236	99.6	1⁽¹⁾	0.4	237	–	–	237
Corporation	6	100	–	–	6	–	–	6
Individual	–	–	–	–	–	–	–	–
Total	242	99.6	1	0.4	243	–	–	243

Note:

⁽¹⁾ The time charter was exceeded by one business day, for one application.