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Less: Applications Withdrawn in Q2 2015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Table 2: Substantive Applications Considered/Withdrawn/Lodged in Q2 2015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 Withdrawn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

Approved

Not Approved

Returned

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

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

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

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

Q2 2014

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

2(2)

USD21.00

Combination

Total

4

USD15,662.60

4

USD791.45

1

GBP38.50

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

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

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

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

Total

%

Total

%

Total

%

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.
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