SC Scorecard Q2 2020 & Statistics of Submissions Approved by the SC in Q2 2020
A. Corporate Submissions to the SC – Q2 2020
Table 1: Status of substantive applications as at 30 June 2020
Applications   

Equities

Corporate Bonds and Sukuk

Total

Balance brought forward from Q1 2020

1

-

1

Add: Applications received in Q2 2020

3

13

16

Total applications

4

13

17

Less: Applications Considered in Q2 2020

(-)

(13) (13)

Less: Applications Withdrawn in Q2 2020

(1)

(-)

(1)

Balance carried forward to Q3 2020

3

(-)

3

Table 2: Substantive applications considered/withdrawn/lodged in Q2 2020

Type of Applications

Considered

Withdrawn Lodged Total

Approved

Not Approved

Returned

Initial public offering
–  Main Market

1

-

-

-

-

1

Acquisition, Reverse Take-Overs and Back- Door Listings

-

-

-

-

-

-

Transfer from ACE Market to Main Market

1

-

-

-

-

1

Corporate bonds and sukuk

-

-

-

-

12

12

Others

-

-

-

-

-

-

TOTAL

2

-

-

-

12

14

Table 3: Processing turnaround time for substantive applications considered in Q2 2020

Total Substantive Applications Considered

Within Time Charter*

Exceed Time Charter

No.

%

No.

%

-

-

-

-

-

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
i) Applications Approved/Lodged
Table 4: Number of applications approved/lodged in Q2 2020

Type of Applications

No. of Applications Approved/Lodged

Q2 2020

Q1 2020

Q2 2019

Initial public offerings – Main Market

-

1

2

Acquisition, reverse take-overs and back-door listings

-

-

-

Transfers from ACE Market to Main Market

-

1

-

Corporate bonds and sukuk

13

12

20

TOTAL

13

14

22

ii) Corporate Bonds and Sukuk
Table 5: Approved/lodged ringgit-denominated issues in Q2 2020


Type of Applications

Q2 2020

Q1 2020

Q2 2019

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

Conventional bonds

1

2,000.00

4

4,851.00

10

11,339.00

Sukuk

10

24,150.00

7

9,900.00

8

34,071.24

Combination(1)

-

-

-

-

-

-

Total

11

26,150.00

11

14,751.00

18

45,410.24

Note: 
(1) Combination of sukuk and conventional notes.
Table 6: Approved/lodged foreign currency-denominated issues by foreign corporations in Q2 2020

Type of Applications

Q2 2020

Q1 2020

Q2 2019

No. of issues

Size
(USD mil)

No. of issues

Size
(USD mil)

No. of issues

Size
(USD mil)

Conventional bonds

1

15,000.00

-

-

-

-

Sukuk

1

25,000.00

1

25,000.00

1

400.00

Combination

-

-

-

-

-

-

Total

2

40,000.00

1

25,000.00

1

400.00

Table 7: Approved/lodged foreign currency-denominated issues by Malaysian issuers in Q2 2020

Type of Applications

Q2 2020

Q1 2020

Q2 2019

No. of issues

Size (mil)

No. of issues

Size (mil)

No. of issues

Size (mil)

Conventional bonds

-

-

-

-

1

500,000.00

Sukuk

-

-

-

-

-

-

Combination

-

-

-

-

-

-

Total

-

-

-

-

1

500,000.00

iii) Take-Overs & Mergers
Table 8: Number of submissions considered in relation to take-overs, mergers and compulsory acquisitions in Q2 2020


Type

Number of Submissions Considered

Q2 2020

Q1 2020

Q2 2019

Clearance of offer document(1)

3

6

7

Clearance of independent advice circular(2)

4

7

7

Exemption from mandatory offer obligation

3

1

5

Others(3)

3

1

9

Total

13

15

28

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 2016/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

Q2 2020

Q1 2020

Q2 2019

Establishment of new collective investment schemes

9

13

12

Establishment of retirement funds

-

-

-

Recognition of foreign ASEAN CIS

-

-

1

Increase in fund size

-

-

-

Exemption/variation from Guidelines(1)

2

5

4

Other applications

112

1

5

Total

22

19

22

Note: 
1 Excludes applications submitted together with the establishment of new schemes. 
2 Include application for extension of time, qualification as an SRI Fund, concurrences in relation to proposals, variation to condition of the SC’s approval and application in relation to online activities.
C. Licensing
Table 10: Status of Licensing Applications in Q2 2020

New licence application

Brought forward from Q1 2019

Received

Withdrawn

Returned

Considered

Approved

Rejected

Pending

Representative

39

116

1

8

146

90

-

56

Corporation

10

1

-

-

11

3

-

8

Individual

-

-

-

-

-

-

-

-

Total

49

117

1

8

157

93

-

64

C. Licensing
Table 10: Processing Turnaround Time for Licensing Applications in Q2 2020

New licence application

Within time charter Exceeds time charter

Subtotal

Exception

Total approved

Total

%

Total

%

Total

Representative

90

100

-

-

90

-

90

Corporation

3

100

-

-

3

-

3

Individual

-

-

-

-

0

-

-

Total

93

100

-

-

93

-

93

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