SC Scorecard Q2 2016 & Statistics of Submissions Approved by the SC in Q2 2016

A. Corporate Submissions to the SC – Q2 2016

Table 1: Status of Substantive Applications as at 30 June 2016

Applications	Total
Balance brought forward from Q1 2016	4
Add: Applications received in Q2 2016	7
Total applications	11
Less: Applications Considered in Q2 2016	(2)
Less: Applications Withdrawn in Q2 2016	(2)
Balance carried forward to Q3 2016	7

Table 2: Substantive Applications Considered/Withdrawn/Lodged in Q2 2016

Type of Applications	Considered			Withdrawn	Lodged	Total
Type of Applications	Approved	Not Approved	Returned	Withdrawn	Lodged	Total
Initial Public Offering Main Market	1	–	–	–	–	1
Acquisition, Reverse Take-Overs and Back-Door Listings	–	–	–	2	–	2
Transfer from ACE Market to Main Market	–	–	–	–	–	–
Secondary Listing	1	–	–	–	–	1
Private Debt Securities (PDS) and Sukuk	–	–	–	–	13	13
TOTAL	2	–	–	2	13	17

Table 3: Processing Turnaround Time for Substantive Applications Considered in Q2 2016

Total Substantive Applications Considered	Within Time Charter*		Exceed Time Charter
Total Substantive Applications Considered	No.	%	No.	%
2	2	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
PDS and sukuk: Deemed approval or 14 working days.

B. Corporate Applications Approved by the SC – Q2 2016

i) Applications Approved/Lodged
Table 4: Number of Applications Approved/Lodged

Type of Applications	No. of Applications Approved/Lodged
Type of Applications	Q2 2016	Q1 2016	Q2 2015
Initial Public Offerings Main Market	1	1	1
Acquisition, Reverse Take-Overs and Back-Door Listings	–	1	1
Transfers from ACE Market to Main Market	–	–	–
Corporate bonds and sukuk	1	–	–
Secondary Listing	13	17	26
TOTAL	15	19	28

ii) Corporate bonds and sukuk

Table 5: Approved and lodged ringgit-denominated issues

Type	No. of issues	Size (RM mil)	No. of issues	Size (RM mil)	No. of issues	Size (RM mil)
Type	Q2 2016		Q1 2016		Q2 2015
Conventional PDS	3	20,100.00	7	15,183.25	5	9,726.00
Sukuk	10	25,330.00	9	11,960.00	9⁽¹⁾	16,960.00
Combination	–	–	–	–	6	8,500.00
Total	13	45,430.00	16	27,143.25	20	35,186.00

Note:

⁽¹⁾Include 2 multi-currency issues amounting to RM8.6 billion.

Table 6: Approved and Lodged Foreign Currency-denominated Issues by Foreign Corporations

Type	No. of issues	Size (US$ mil)	No. of issues	Size (US$ mil)	No. of issues	Size (US$ mil)
Type	Q2 2016		Q1 2016		Q2 2015
Conventional bonds	–	–	–	–	1⁽¹⁾	15,000.00
Sukuk	–	–	1⁽²⁾	239.65	3⁽²⁾	662.60
Combination	–	–	–	–	–	–
Total	–	–	1	239.65	4	15,662.60

Note:

⁽¹⁾Multi-currency issue.
⁽²⁾ Offerings in Malaysia were part of global offerings.

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

Type	Q2 2016		Q1 2016		Q2 2015
Type	No. of issues	Size (US$ mil)	No. of issues	Size (US$ mil)	No. of issues	Size (US$ mil)
Conventional bonds	–	–	–	–	2	1,500.00
Sukuk	–	–	–	–	–	–
Combination	–	–	–	–	–	–
Total	–	–	–	–	2	1,500.00

iii) Take-Overs & Mergers

Table 8: Number of Submissions Considered under the Malaysian Code on Take-overs and Mergers

Type	Number of Submissions Considered
Type	Q2 2016	Q1 2016	Q2 2015
Clearance of offer document⁽¹⁾	8	1	4
Clearance of independent advice circular	8	3	7
Exemption from mandatory offer obligation	2	4	2
Others⁽²⁾	3	3	5
Total	21	11	18

Note:

⁽¹⁾ Including documents relating to schemes for control.
⁽²⁾ Including the eligibility to act as independent adviser for take-over proposals, ruling, ancillary applications and exemption from the Code provisions.

iv) Collective Investment Schemes, Private Retirement Schemes & Foreign ASEAN CIS

Table 9: Number of Applications Approved Relating to Unit Trusts, Other Collective Investment Schemes, Private Retirement Schemes and Foreign ASEAN CIS

Type	Number of Applications Approved
Type	Q2 2016	Q1 2016	Q2 2015
Establishment of new collective investment schemes	12	10	36
Establishment of new private retirement funds	3	3	3
Recognition of foreign ASEAN CIS	0	0	0
Increase in fund size	1	1	2
Exemption/variation from Guidelines⁽¹⁾	4	1	7
Other applications⁽²⁾	14	14	30
Total	34	29	78

Note:

⁽¹⁾ Excludes applications submitted through the establishment of new schemes.
⁽²⁾ Includes applications for renewal of trustee’s registration, clearance of audit scope and extension of time.