SC Scorecard Q3 2011 & Statistics of Submissions Approved by the SC in Q3 2011
A. Corporate Submissions to the SC – Q3 2011 
Table 1: Status of Substantive Applications as at 30 September 2011

Applications   

Total

Balance brought forward from Q2 2011

19

Add: Applications received in Q3 2011

^31

Total applications

50

Less: Applications Considered/Withdrawn in Q3 2011

(29)

Balance carried forward to Q2 2011

21

^ Includes 14 equity proposals and 17 PDS proposals
Table 2: Substantive Applications Considered/Withdrawn in Q3 2011

Type of Applications

Considered

Withdrawn Total

Approved

Rejected

Returned

Initial Public Offering

  • Main Market

2

3

4

9

Reverse Take-Overs and Restructurings

1

1

Transfer to Main Market

1

1

2

Private Debt Securities

15

1

16

Others

1

1

TOTAL

18

5

6

29

Table 3: Processing Turnaround Time for Substantive Applications Considered in Q3 2011

Substantive Applications

Within Time Charter(1)

Exceed Time Charter

Total

No.

%

No.

%

No. %

23

100

23

100

(1) 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
  • Private debt securities: Deemed approval/authorisation and 14 working days.
B. Corporate Submissions Approved by the SC – Q3 2011
i) Proposals Approved
Table 4: Number of Corporate Proposals Approved

Type of Proposals

No. of Corporate Proposals Approved

Q3 2011

Q2 2011

Q3 2010

Initial Public Offering

  • Main Market

2

9

5

Reverse Take-Overs and Restructurings

2

Transfer to Main Market

1

1

Private Debt Securities

15

26

11

Others

1

4

1

TOTAL

18

42

18

ii) Private Debt Securities
Table 5: Approved RM-Denominated PDS Issues


Type

Q3 2011

Q2 2011

Q3 2010

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

Conventional PDS

8

7,538.03

7

9,676.80

6

3,894.27

Sukuk

6

4,845.00

14

24,590.00

3

10,300.00

Combination(1)

1

3,500.00

1

2,000.00

Total

15

15,883.03

21

34,266.80

10

16,194.27

(1) Combination of conventional and sukuk.
Table 6: Approved Foreign Currency-Denominated PDS Issues by Foreign Corporations (1)


Type

Q3 2011

Q2 2011

Q3 2010

No. of proposals

Approved size (mil)

No. of proposals

Approved size (mil)

No. of proposals

Approved size (mil)

Conventional

1

CNY3,000.00

Sukuk

2

USD1,050.00

1

USD3,500.00

Combination(1)

Total

1

CNY3,000.00

1

USD3,500.00

2 USD1,050.00
Note: 
(1) Offers in Malaysia were part of a global offering.

Table 7: Approved Foreign Currency-Denominated PDS Issues by Malaysian Issuers


Type

Q3 2011

Q2 2011

Q3 2010

No. of issues

Size
(USD mil)

No. of issues

Size
(USD mil)

No. of issues

Size
(USD mil)

Conventional

2

2,500.00

Sukuk

Combination

Total

2

2,500.00

iii) Take-Overs & Mergers
Table 8: Number of Approved Submissions Relating to the Malaysian Code on Take-Overs and Mergers 2010

Type

Number of Submissions Considered

Q3 2011

Q2 2011

Q3 2010

Clearance of offer document

9

2

6

Exemption from Mandatory Offer (MO) obligation

8

7

11

Clearance of Independent Advice Circular (IAC)

10

11

12

Confirmation of Appointment of Independent Adviser (IA)

14

13

13

Others*

13

8

11

Total

54

^41

53

Note: 
* Includes extension of time, rulings, waiver from provisions of the Code and other ancillary applications.
^ Includes one rejection case (i.e. confirmation of the appointment of IA) which was not reported in Q2 2011 report as Q2 reporting was based on application approved. From Q3 onwards, reporting will be based on submissions considered.

iv) Unit Trusts & Collective Investment Schemes
Table 9: Number of Submissions Relating to Unit Trusts and Other Collective Investment Schemes Approved

Type

Number of Submissions Approved

Q3 2011

Q2 2011

Q3 2010

Establishment of new funds

20

31

28

Increase in fund size

23

21

8

Exemption/variation from Guidelines(1)

4

5

4

Other applications(2)

6

17

16

Total

53

74

56

Note: 
(1) Excluding applications submitted through the establishment of new schemes. 
(2) Including applications for extension of time and change of management company.
Table 10: Status of Licensing Applications in Q3 2011

Type of licence application

Received

Withdrawn

Returned

Considered

Approved

Rejected

Pending

Representative

New

361

0

20

341

309

0

32

Renew

1,129

0

6

1,123

1,122

0

1

Corporation

New

7

0

0

7

1

0

6

Renew

66

0

0

66

63

0

3

Individual

New

0

0

0

0

0

0

0

Renew

1

0

0

1

1

0

0

Total

1,564

0

26

1,538

1,496

0

42

Note: 
(1)16 applications comprising 12 Ringgit-denominated issues and 4 foreign currency-denominated issues of conventional PDS and sukuk (Tables 5 & 6). 
(2)33 applications comprising 28 Ringgit-denominated issues and 8 foreign currency-denominated issues of conventional PDS and sukuk (Tables 5 & 6). 
(3)17 applications comprising 14 Ringgit-denominated issues and 3 foreign currency-denominated issues of conventional PDS and sukuk (Tables 5 & 6).
Table 11: Processing Turnaround Time for Licensing Applications in Q3 2011

Type of licence application

Within time charter

Exceeds time charter

Subtotal

Exception

Total reported

Total

%

Total

%

Total

%

Representative

New

305

98.71

4

1.29

309

0

0

309

Renewal

1,122

100

0

0

1,122

0

0

1,122

Corporation

New

1

100

0

0

1

0

0

1

Renewal

55

88.71

7

11.29

62

1

1.59

63

Individual

New

0

0

0

0

0

0

0

0

Renewal

1

100

0

0

1

0

0

1

Total

1,484

99.26

11

0.74

1,495

1

0.07

1,496

Note: 
(1)Include 2 asset-backed securities (ABS) amounting to RM3,100.0 million. 
(2)Combination of sukuk and conventional notes.

C. Licensing 
Table 10: Status of Licensing Applications


Type

Received

Withdrawn

Returned

Considered

Approved

Rejected

Pending

Representative

247

6

13

228

174

54

Corporation

8

1

7

7

Individual

Total

255

7

13

235

174

61

Table 11: Processing Turnaround Time for Licensing Applications
New licence application Within time charter Exceeds time charter Subtotal Exception Total approved

Total

%

Total

%

Total

%

Representative

173

99.43

1(3)

0.57

174

174

Corporation

Individual

0

Total

173

99.43

1

0.57

174

174

Note:
(3) The time charter was exceeded by one business day, for one application.
GET IN TOUCH
HOTLINE: +603-6204 8000
related sites
© Copyright Securities Commission Malaysia   |   Contact Us   |  Disclaimer  |  The site is best viewed using Internet Explorer 11 and Google Chrome with mimimum resolution of 1280x1024
Ooops!
Generic Popup