SC Scorecard Q2 2021 & Statistics of Submissions Approved by the SC in Q2 2021

A. Corporate Submissions to the SC – Q2 2021

Table 1: Status of substantive applications

Applications	Equities	Corporate bonds and sukuk	Total
Balance brought forward from Q1 2021	5	-	5
Add: Applications received/lodged in Q2 2021	5	20	25
Total applications	10	20	30
Less: Applications considered/lodged in Q2 2021	3	20	23
Less: Applications withdrawn in Q2 2021	1	-	1
Balance carried forward to Q3 2021	6	-	6

Table 2: Substantive applications considered/withdrawn/lodged

Type of Applications	Considered			Withdrawn	Lodged	Total
Type of Applications	Approved	Not Approved	Returned	Withdrawn	Lodged	Total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	3	-	-	-	-	3
Acquisition, reverse take-overs and back- door listings	-	-	-	1	-	1
Transfer from ACE Market to Main Market	-	-	-	-	-	-
Corporate bonds and sukuk	2	-	-	-	18	20
TOTAL	5	-	-	1	18	24

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.	%
3	3	100	-	-

For each substantive application, the first round of query was raised within the internal time charter of 10 MDs from receipt of submission as well as all subsequent rounds of queries were raised within the internal time charter of 5 MDs from receipt of complete replies.

B. Corporate Applications Approved by the SC
i) Applications Approved/Lodged
Table 4: Number of applications approved/lodged

Type of Applications	No. of Applications Approved/Lodged
Type of Applications	Q2 2021	Q1 2021	Q2 2020
Initial public offerings – Main Market	3	1	-
Acquisition, reverse take-overs and back-door listings	-	-	-
Transfers from ACE Market to Main Market	-	1	-
Secondary listing on Main Market	-	1	-
Corporate bonds and sukuk	20	17	13
TOTAL	23	20	13

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

Type of Applications	Q2 2021		Q1 2021		Q2 2020
Type of Applications	No. of issues	Size (RM mil)	No. of issues	Size (RM mil)	No. of issues	Size (RM mil)
Conventional bonds	7	8,962.00	1	800.00	1	2,000.00
Sukuk	12	39,300.00	15	40,360.00	10	24,150.00
Combination⁽¹⁾	-	-	-	-	-	-
Total	19	48,262.00	16	41,160.00	11	26,150.00

Note:

⁽¹⁾ Combination of sukuk and conventional bonds.

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

Type of Applications	Q2 2021		Q1 2021		Q2 2020
Type of Applications	No. of issues	Size (US$ mil)	No. of issues	Size (GBP mil)	No. of issues	Size (US$ mil)
Conventional bonds	-	-	-	-	1	15,000.00
Sukuk	1	25,000.00	1	500.00	1	25,000.00
Combination⁽¹⁾	-	-	-	-	-	-
Total	1	25,000.00	1	500.00	2	40,000.00

Note:

⁽¹⁾ Combination of sukuk and conventional bonds.

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

Type of Applications	Q2 2021		Q1 2021		Q2 2020
Type of Applications	No. of issues	Size	No. of issues	Size	No. of issues	Size
Conventional bonds	-	-	-	-	-	-
Sukuk	-	-	-	-	-	-
Combination⁽¹⁾	-	-	-	-	-	-
Total	-	-	-	-	-	-

Note:

⁽¹⁾ Combination of sukuk and conventional bonds.

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 2021	Q1 2021	Q2 2020
Clearance of offer document⁽¹⁾	3	7	3
Clearance of independent advice circular⁽²⁾	5	12	4
Exemption from mandatory offer obligation	2	6	3
Others⁽³⁾	5	3	3
Total	15	28	13

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 2021	Q1 2021	Q2 2020
Establishment of new collective investment schemes	15	13	9
Establishment of retirement funds	-	-	-
Recognition of foreign ASEAN CIS	-	-	-
Exemption/variation from Guidelines⁽¹⁾	9	1	2
Other applications	2⁽²⁾	10	11
TOTAL	26	24	22

Note:

¹ Excludes applications submitted together with the establishment of new schemes.
² Includes applications in relation to online activities, extension of time and qualification as a Sustainable and Responsible Investment Fund

C. Licensing
Table 10: Status of licensing applications

New licence application	Brought forward from Q1 2021	Received	Withdrawn	Returned	Considered	Approved	Rejected	Pending
Representative	66	337	9	25	369	284	-	85
Corporation	9	5	1	-	13	4	-	9
Individual	-	-	-	-	-	-	-	-
Total	75	342	10	25	382	288	-	94

C. Licensing
Table 11: Processing turnaround time for licensing applications

New licence application	Within time charter		Exceeds time charter		Subtotal	Exception⁽¹⁾	Total approved
New licence application	Total	%	Total	%	Subtotal	Total	Total approved
Representative	281	99.65	1	0.35	282	2	284
Corporation	4	100	-	-	4	-	4
Individual	-	-	-	-	-	-	-
Total	285	99.65	1	0.35	286	2	288

Note:

¹ This refers to an application which required exception handling, where further assessment and engagement were required due to issues related to the applicant’s fit and properness.