SC Scorecard Q3 2013 & Statistics of Submissions Approved by the SC in Q3 2013

A. Corporate Submissions to the SC – Q3 2013

Table 1: Status of Substantive Applications as at 30 September 2013

Applications	Total
Balance brought forward from Q2 2013	16
Add: Applications received in Q3 2013	41
Total applications	57
Less: Applications Considered in Q3 2013	(30)
Less: Applications Withdrawn in Q3 2013	(1)
Balance carried forward to Q4 2013	26

Table 2: Substantive Applications Considered/Withdrawn in Q3 2013

Type of Applications	Considered			Withdrawn	Total
Type of Applications	Approved	Not Approved	Returned	Withdrawn	Total
Initial Public Offering Main Market	5	–	–	1	6
Reverse Take-Overs and Restructurings	–	–	–	–	–
Transfer from ACE Market to Main Market	1	–	–	–	1
Private Debt Securities (PDS)	24	–	–	–	24
Others	–	–	–	–	–
TOTAL	30	–	–	1	31

Table 3: Processing Turnaround Time for Substantive Applications Considered in Q3 2013

Total Substantive
Applications Considered

Within Time Charter⁽¹⁾

Exceed Time Charter⁽²⁾

Total

No.

%

No.

%

No.

%

28

93

2

7

30

100

Note:

⁽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 and sukuk: Deemed approval/authorisation or 14 working days

⁽²⁾Main reasons for exceeding time charter are the need for further explanation/clarification on certain pertinent issues and for enhanced disclosures.

B. Corporate Applications Approved by the SC – Q3 2013

i) Applications Approved and Lodged

Table 4: Number of Applications Approved

Type of Applications	No. of Applications Approved/Lodged
Type of Applications	Q3 2013	Q2 2013	Q3 2012
Initial Public Offerings Main Market	5	4	2
Reverse Take-Overs and Back-Door Listings	–	1	–
Transfers from ACE Market to Main Market	1	1	1
Private Debt Securities (PDS)	24	20	32
Others	–	1	3
TOTAL	30	27	38

ii) Corporate bonds and sukuk

Table 5: Approved and authorised ringgit-denominated issues

Type	Q3 2013		Q2 2013		Q3 2012
Type	No. of issues	Size (RM mil)	No. of issues	Size (RM mil)	No. of issues	Size (RM mil)
Conventional bonds	11⁽¹⁾	14,494.41	4	15,119.40	11	7,324.62
Sukuk	8	8,165.00	13	18,559.00	14⁽²⁾	27,298.00
Combination⁽³⁾	–	–	–	–	–	–
Total	19	22,659.41	17	33,678.40	25	34,622.62

Note:

⁽¹⁾ Combination of sukuk and conventional notes.

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

Table 6: Authorised foreign currency-denominated issues by foreign corporations

Type	Q3 2013		Q2 2013		Q3 2012
Type	No. of issues	Size	No. of issues	Size	No. of issues	Size
Conventional PDS	–	–	–	–	1	SGD2.0 billion
Sukuk	3⁽²⁾	USD35.0 million	–	–	3	USD4.15 billion
Combination	–	–	–	–	–	–
Total	3	USD35.0 million	–	–	1	SGD2.0 billion
Total	3	USD35.0 million	–	–	3	USD4.15 billion

Note:

⁽¹⁾ Offerings in Malaysia were part of global offerings.

⁽²⁾ Comprise 1 multi-currency issue amounting to USD12.0 billion and 2 global offerings which have yet to finalise the offer size at the point of authorisation.
⁽³⁾ 2 issues have yet to finalise the offer size at the point of authorisation.
⁽⁴⁾Include 5 global offerings wherein 2 issues have yet to finalise the offer size at the point of authorisation.

Table 7: Approved and Authorised foreign currency-denominated issues by Malaysian Issuers

Type	Q3 2013		Q2 2013		Q3 2012
Type	No. of issues	Size (RM mil)	No. of issues	Size (RM mil)	No. of issues	Size (RM mil)
Conventional PDS	1⁽¹⁾	USD2.0 billion	–	–	–	–
Sukuk	1⁽¹⁾	USD1.0 billion	–	–	1⁽¹⁾	USD1.5 billion
Combination	–	–	–	–	–	–
Total	2	USD3.0 billion	–	–	1	USD1.5 billion

Note:

⁽¹⁾ Multi-currency issue.

iii) Take-Overs & Mergers

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

Type	Number of Submissions Considered
Type	Q3 2013	Q2 2013	Q3 2012
Clearance of offer document⁽¹⁾	8	5	14
Exemption from mandatory offer obligation	7	12	2
Clearance of independent advice circular	8	7	14
Others⁽²⁾	14	6	15
Total	37	30	45

Note:

⁽¹⁾ Including documents relating to schemes for control under the Companies Act 1965.
⁽²⁾Including rulings, eligibility to act as independent adviser for take-over proposals, ancillary applications and other related decisions.

iv) 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 2013	Q2 2013	Q3 2012
Establishment of new collective investment schemes	22	22	19
Establishment of retirement funds	3	4	24
Increase in fund size	1	1	35
Exemption/variation from Guidelines⁽¹⁾	5	5	8
Other applications⁽²⁾	17	23	5
Total	48	55	91

Note:

⁽¹⁾ Excludes applications submitted through the establishment of new schemes.
⁽²⁾Including applications for change of trustee, extension of time, change of management company and clearance of audit scope.

C. Licensing

Table 10: Status of Licensing Applications

New licence application	Received	Withdrawn	Returned	Considered	Approved	Rejected	Pending
Representative	388	9	14	365	318	1	46
Corporation	19	0	0	19	9	0	10
Individual	0	0	0	0	0	0	0
Total	407	9	14	384	327	1	56

Note:

⁽¹⁾Includes licence for 1 individual
⁽²⁾Includes licence for 8 individuals

Table 11: Processing Turnaround Time for Licensing Applications

New licence application	Within time charter		Exceeds time charter		Subtotal	Exception		Total approved
New licence application	Total	%	Total	%	Subtotal	Total	%	Total approved
Representative	318	100	0	0	318	0	0	318
Corporation	9	100	0	0	9	0	0	9
Individual	0	0	0	0	0	0	0	0
Total	327	100	0	0	327	0	0	327

Table 12: Processing Turnaround Time for Licensing Applications in Q2, 2014

New licence application
	Within time charter		Exceeds time charter		Subtotal	Exception		Total approved
	Total	%	Total	%	Subtotal	Total	%	Total approved
Representative	271	100	0	0	271	0	0	271
Corporation	3	100	0	0	3	0	0	3
Individual	0	0	0	0	0	0	0	0
Total	274	100	0	0	274	0	0	274