SC Scorecard Q2 2017 & Statistics of Submissions Approved by the SC in Q2 2017

A. Corporate Submissions to the SC – Q2 2017

Table 1: Status of Substantive Applications as at 30 June 2017

Applications	Total
Balance brought forward from Q1 2017	-
Add: Applications received in Q2 2017	4
Total applications	4
Less: Applications Considered in Q2 2017	(2)
Less: Applications Withdrawn in Q2 2017	(-)
Balance carried forward to Q3 2017	2

Table 2: Substantive Applications Considered/Withdrawn/Lodged

Type of Applications	Considered			Withdrawn	Lodged	Total
Type of Applications	Approved	Not Approved	Returned	Withdrawn	Lodged	Total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	–	–	–	–	–	–
Transfer from ACE Market to Main Market	–	–	–	–	–	–
Corporate bonds and sukuk	1	–	–	–	16	17
TOTAL	2	–	–	–	16	18

Table 3: Processing Turnaround Time for Substantive Applications Considered

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
Issuance of corporate bonds and sukuk to retail investors (inclusive of the registration of the prospectus) is 40 working days.

B. Corporate Applications Approved by the SC – Q2 2017

i) Applications Approved/Lodged

Table 4: Number of Applications Approved/Lodged

Type of Applications	No. of Applications Approved/Lodged
Type of Applications	Q2 2017	Q1 2017	Q2 2016
Initial Public Offerings Main Market	1	–	1
Acquisition, Reverse Take-Overs and Back-Door Listings	–	–	–
Transfers from ACE Market to Main Market	–	1	–
Corporate bonds and sukuk	17	18	13
Secondary Listing	–	–	1
TOTAL	18	19	15

ii) Corporate bonds and sukuk

Table 5: Approved and lodged ringgit-denominated issues

Type	Q2 2017		Q1 2017		Q2 2016
Type	No. of issues	Size (RM mil)	No. of issues	Size (RM mil)	No. of issues	Size (RM mil)
Conventional bonds	7	33,638.86	6⁽¹⁾	7,836.06	3	20,100.00
Sukuk	9	16,015.00	10	12,250.00	10	25,330.00
Combination⁽²⁾	–	–	–	–	–	–
Total	16	49,653.86	16	20,086.06	13	45,430.00

Note:

⁽¹⁾Include one asset-backed securities (ABS) amounting to RM370.00 million.
⁽²⁾Combination of sukuk and conventional notes.

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

Type	Q2 2017		Q1 2017		Q2 2016
Type	No. of issues	Size (US$ mil)	No. of issues	Size (US$ mil)	No. of issues	Size (US$ mil)
Conventional bonds	–	–	–	–	–	–
Sukuk	–	–	2⁽¹⁾	174.7	–	–
Combination	–	–	–	–	–	–
Total	–	–	2	174.7	–	–

Note:

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

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

Type	Q2 2017		Q1 2017		Q2 2016
Type	No. of issues	Size (US$ mil)	No. of issues	Size (US$ mil)	No. of issues	Size (US$ mil)
Conventional bonds	1	RMB6,000.00	–	–	–	–
Sukuk	–	–	–	–	–	–
Combination	–	–	–	–	–	–
Total	1	RMB6,000.00	–	–	–	–

iii) Take-Overs & Mergers

Table 8: Number of submissions considered in relation to take-overs, mergers and compulsory acquisitions

Type	Number of Submissions Considered
Type	Q2 2017	Q1 2017	Q2 2016
Clearance of offer document⁽¹⁾	6	7	8
Clearance of independent advice circular⁽²⁾	7	8	8
Exemption from mandatory offer obligation	1	4	2
Others⁽³⁾	3	4	3
Total	17	23	21

Note:

⁽¹⁾ Including documents relating to schemes for control.
⁽²⁾ Including independent advice circulars for whitewash exemptions.
⁽³⁾ Including exemptions from the provisions of Malaysian Code on Take-overs and Mergers/Rules on Take-overs, Mergers and Compulsory Acquisitions, as the case may be.

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 2017	Q1 2017	Q2 2016
Establishment of new collective investment schemes	16	10	12
Establishment of retirement funds	–	–	3
Recognition of foreign ASEAN CIS	–	–	–
Increase in fund size	1	3	1
Exemption/variation from Guidelines⁽¹⁾	5	8	4
Other applications	12⁽²⁾	8	14
Total	34	29	34

Note:

⁽¹⁾ Excludes applications submitted together with the establishment of new schemes.
⁽²⁾ Includes applications for extension of time, clearance of audit scope, qualification as a SRI fund 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.