SC Scorecard Q2 2024 & Statistics of Submissions Approved by the SC in Q2 2024
A. Corporate Submissions to the SC – Q2 2024
Table 1: Status of Substantive Applications as at at 30 June 2024
Applications/ Lodgements

Equities

Corporate Bonds and Sukuk

Total

Balance brought forward from Q1 2024

5

-

5

Add: Applications received/ lodgements in Q2 2024

6

18

24

Total applications

11

18

29

Less: Applications considered/lodged in Q2 2024

(6)

(18)

(24)

Less: Applications withdrawn in Q2 2024

-

-

-

Balance carried forward to Q3 2024

5

-

5

Table 2: Substantive Applications Considered/Withdrawn/Lodged in Q2 2024
Type of Applications/ Lodgements Considered Withdrawn Lodged Total

Approved

Not Approved

Returned

Initial Public Offering

  • Main Market

2

-

-

-

-

2

Acquisition, Reverse Take-Overs  and Back-Door Listings

-

-

-

-

-

-

Transfer from ACE Market to Main Market

4

-

-

-

-

4

Corporate bonds and sukuk

-

-

-

-

18

18

TOTAL

6

-

-

-

18

24

Table 3: Processing Turnaround Time for Substantive Applications Considered in Q2 2024
Total Substantive Equities Applications Considered Approved Lapsed  Rejected Processing Time Time Charter*
Within Exceed

6

6

-

-

0.5 – 6 months

90%

-

* Based on number of queries issued.
Time charter for substantive application:
  1. first round of query raised within 10 MDs from receipt of complete submission; and
  2. subsequent queries raised within 5 MDs from receipt of complete replies.
B. Corporate Applications Approved by the SC – Q2 2024
i) Applications Approved/Lodged
Table 4: Number of Applications Approved/Lodged


Type of Applications

No. of Applications Approved/Lodged

Q2 2024

Q1 2024

Q2 2023

Initial Public Offerings

  • Main Market

2

4

2

Acquisition, Reverse Take-Overs and Back-Door Listings

-

1

-

Transfers from ACE Market to Main Market

4

2

3

Corporate bonds and sukuk

18

10

9

TOTAL

24

17

14

ii) Corporate Bonds and Sukuk
Table 5: Approved and Lodged Ringgit-Denominated Issues


Type of Applications

Q2 2024

Q1 2024

Q2 2023

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

Conventional bonds

7

8,404.00

-

-

1

10,000.00

Sukuk

10

15,400.00

10

14,500.00

6

3,100.00

Combination(1)

-

-

-

-

-

-
TOTAL

17

23,804.00

10

14,500.00

7

13,100.00
Note: 
(1) Combination of sukuk and conventional bonds.
Table 6: Approved and Lodged Foreign Currency-Denominated Issues by Foreign Corporations

Type of Applications

Q2 2024

Q1 2024

Q2 2023

No. of issues

Size
(US$ mil)

No. of issues

Size
(US$ mil)

No. of issues

Size
(US$ mil)

Conventional bonds

- - - - 1 10,000.00

Sukuk

1 35,000.00 - - - -

Combination(1)

- - - - - -

Total

1 35,000.00 - - 1 10,000.00
Note: 
(1) Combination of sukuk and conventional bonds.
Table 7: Approved and Lodged Foreign Currency-Denominated Issues by Malaysian Issuers

Type of Applications

Q2 2024

Q1 2024

Q2 2023

No. of issues

Size
(USD mil)

No. of issues

Size

No. of issues

Size

Conventional bonds

- - - - - -

Sukuk

- - - - 1 5,000.00

Combination(1)

- - - - - -

Total

- - - - 1 5,000.00
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

Q2 2024

Q1 2024

Q2 2023

Clearance of offer/scheme documents1

7

6

2

  • Offers
  • Schemes

7
0

6
0

1
1

Total offer/scheme value

RM2.02b

RM0.71b

RM0.09b

Clearance of independent advice circulars

12

8

4

  • Offers/schemes
  • Whitewash exemptions2

8*
4

6
2

3*
1

Clearance of circulars for whitewash exemption

4

2

1

Applications for exemption from mandatory offer obligation

4

8

3

  • Whitewash exemptions
  • Others

2
2

2
6

0
3

Other applications3

6

3

2

TOTAL APPLICATIONS CONSIDERED

33

27

12

Note: 
  1. Including documents relating to schemes for control and compensation scheme documents, where applicable.
  2. Whitewash refers to an exemption from mandatory offer obligation arising from the issuance of new securities, granted by the SC subject to fulfilment of the stipulated conditions including approval from independent holders at a general meeting.
  3. Refers to all other applications under the Capital Markets and Services Act 2007, Malaysian Code on Take-overs and Mergers 2016 and Rules on Take-overs, Mergers and Compulsory Acquisitions.
iv) CIS, PRS and Foreign ASEAN CIS
Table 9: Number of Applications Approved Relating to Unit Trusts, other CIS, PRS and Foreign ASEAN CIS

Type

Number of Applications Approved

Q2 2024

Q1 2024

Q2 2023

Establishment of new collective investment schemes

12

6

5

Establishment of retirement funds

0

0

0

Recognition of foreign ASEAN CIS

0

0

0

Exemption/variation from Guidelines1

1

0

1

Other applications

82

8

4

Total

21

14

10

Note: 
  1. Excludes applications submitted together with the establishment of new schemes.
  2. Includes applications in relation to extension of time, conditions of approval and qualification as a SRI fund.
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