SC Scorecard Q3 2012 & Statistics of Submissions Approved by the SC in Q3 2012

A. Corporate Applications to the SC – Q3 2012

Table 1: Status of Substantive Applicationsas at 30 September 2012

Applications	Total
Balance brought forward from Q2 2012	28
Add: Applications received in Q3 2012	35
Total applications	63
Less: Applications Considered in Q3 2012	(39)
Less: Applications Withdrawn in Q3 2012	(2)
Balance carried forward to Q4 2012	22

Table 2: Substantive Applications Considered/Withdrawn in Q3 2012

Type of Applications	Considered			Withdrawn	Total
Type of Applications	Approved	Not Approved	Returned	Withdrawn	Total
Initial Public Offering Main Market	2	–	1	–	3
Transfer from ACE Market to Main Market	1	–	–	–	1
Private Debt Securities	32	–	–	2	34
Others	3	–	–	–	3
TOTAL	38	–	1	2	41

Table 3: Processing Turnaround Time for Substantive Applications Considered in Q3 2012

Substantive Applications	Within Time Charter¹		Exceed Time Charter²		Total
	No.	%	No.	%	No.	%
	39	100	–	–	39	100

Note:

(1) The SC time charter for processing is computed from the date of receipt of complete information on the application up to the date of the decision letter, and this is applicable to the following proposals:

Initial public offerings (IPOs) and acquisition 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 and 14 working days.

(2) Main reasons for exceeding time charter include incomplete application from the applicant and/or SC’s request for further clarification on certain pertinent issues.

B. Corporate Applications Approved by the SC – Q3 2012

i) Applications Approved
Table 4: Number of Applications Approved

Type of Applications	No. of Applications Approved/Lodged
Type of Applications	Q3 2012	Q2 2012	Q3 2011
Initial Public Offering Main Market	2	2	2
Reverse Take-Overs and Restructurings	–	1	–
Transfer from ACE Market to Main Market	1	1	–
Cross Listing of Malaysian Corporations	–	1	–
Private Debt Securities (PDS)	32⁽¹⁾	24⁽²⁾	19⁽³⁾
Others	3	3	1
TOTAL	38	32	22

Note:

⁽¹⁾ 25 Ringgit-denominated issues and 7 foreign currency-denominated issues of conventional PDS and sukuk (Tables 5, 6 & 7).
⁽²⁾ 18 Ringgit-denominated issues and 6 foreign currency-denominated issues of conventional PDS and sukuk (Tables 5, 6 & 7).
⁽³⁾ 19 Ringgit-denominated issues of conventional PDS and sukuk (Tables 5, 6 & 7).

ii) Private Debt Securities (PDS)

Table 5: Approved Ringgit-Denominated issues

Type of Applications	Q3 2012		Q2 2012		Q3 2011
Type of Applications	No. of issues	Size (RM mil)	No. of issues	No. of issues	No. of issues	Size (RM mil)
Conventional PDS	11	7,324.62	12	12,255.00	10	7,786.72
Sukuk	14⁽¹⁾	27,298.00	6	10,750.00	8	4,845.00
Combination⁽²⁾	–	–	–	–	1	3,500.00
Total	25	34,622.62	18	23,005.00	19	16,131.72

Note:

⁽¹⁾ Include 3 multi-currency issues amounting to RM7.0 billion.
⁽²⁾ Combination of sukuk and conventional notes.

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

Type of Applications	No. of issues	Size (USD mil)	No. of issues	Size (USD mil)	No. of issues	Size (USD mil)
Type of Applications	Q3 2012		Q2 2012		Q3 2011
Conventional bonds	–	–	–	–	–	–
Sukuk	6⁽¹⁾	USD12.7 billion	3⁽²⁾	USD4.15 billion	–	–
Combination	–	–	–	–	–	–
Total	6	USD12.7 billion	3	USD4.15 billion	–	–

Note:

⁽¹⁾ Include 5 global offerings wherein 2 issues have yet to finalise the offer size at the point of approval.
⁽²⁾ Comprise 1 multi-currency issue amounting to USD3.0 billion and 2 global offerings.

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

Type of Applications	No. of issues	Size (USD mil)	No. of issues	Size (USD mil)	No. of issues	Size (USD mil)
Type of Applications	Q3 2012		Q2 2012		Q3 2011
Conventional bonds	–	–	3⁽¹⁾	USD8.00 billion	–	–
Sukuk	1⁽¹⁾	USD1.5 billion	–	–	–	–
Combination	–	–	–	–	–	–
Total	1	USD1.5 billion	3	USD8.00 billion	–	–

Note:

⁽¹⁾Multi-currency issues.

iii) Take-Overs & Mergers

Table 8: Number of Applications Considered under the Malaysian Code on Take-overs and Mergers 2010

Type	Number of Submissions Considered
Type	Q3 2012	Q2 2012	Q3 2011⁽²⁾
Clearance of offer document ⁽¹⁾	14	8	11
Exemption from mandatory offer obligation	2	7	8
Clearance of independent advice circular	14	14	10
Others⁽³⁾	15	12	11
Total	45	41	40

Note:

⁽¹⁾ Include clearance of documents relating to scheme of arrangement and selective capital repayment which are considered as take-over offers.

⁽²⁾ Certain comparable figures for Q3 2011 have been restated to conform to the current quarter’s presentation.
⁽³⁾ Include applications for extension of time, ruling, waiver from provisions of the Code, other ancillary applications and related decisions.

iv) Unit Trusts, Collective Investment Schemes & Private Retirement Schemes

Table 9: Number of Applications Approved Relating to Unit Trusts, Other Collective Investment Schemes and Private Retirement Schemes

Type	Number of Applications Approved
Type	Q3 2012	Q2 2012	Q3 2011
Establishment of new funds	19	21	20
Establishment of retirement funds	24	–	–
Increase in fund size	35	28	23
Exemption/variation from Guidelines⁽¹⁾	8	3	4
Other applications ⁽²⁾	5	18	6
Total	91	70	53

Note:

⁽¹⁾ Excludes applications submitted through the establishment of new schemes.
⁽²⁾ Including applications for change of trustee and extension of time.

v) Applications for Licences

Table 10: Status of Licensing Applications as at 1 July – 30 September 2012

New licence application	Received	Withdrawn	Returned	Considered	Approved	Pending
Representative	365	7	34	324	295	29
Corporation	4	0	0	4	0	4
Individual	0	0	0	0	0	0
Total	369	7	34	328	295	33

Table 11: Processing Turnaround Time for Licensing Applications, 1 July – 30 September 2012

New licence application	Within time charter		Exceeds time charter		Subtotal	Exception		Total approved
New licence application	Total	%	Total	%	Subtotal	Total	%	Total approved
Representative	295	100	0	0	295	0	0	295
Corporation	0	0	0	0	0	0	0	0
Individual	0	0	0	0	0	0	0	0
Total	295	100	0	0	295	0	0	295