SC Scorecard Q3 2014 & Statistics of Submissions Approved by the SC in Q3 2014
A. Corporate Submissions to the SC – Q3 2014 
Table 1: Status of Substantive Applications as at 30 September 2014
Applications   

Total

Balance brought forward from Q2 2014

16

Add: Applications received in Q3 2014

48

Total applications

64

Less: Applications Considered in Q3 2014

(30)

Less: Applications Withdrawn in Q3 2014

(2)

Balance carried forward to Q4 2014

32

Table 2: Substantive Applications Considered/Withdrawn in Q3 2014

Type of Applications

Considered

Withdrawn Total

Approved

Not Approved

Returned

Initial Public Offering

  • Main Market

1

1

2

4

Acquisition/Reverse Take-Overs  and Restructurings

Transfer from ACE Market to Main Market

Private Debt Securities (PDS)

28

28

TOTAL

29

1

2

32

Table 3: Processing Turnaround Time for Substantive Applications Considered in Q3 2014

Total Substantive Applications Considered

Within Time Charter*

Exceed Time Charter

No.

%

No.

%

30

30

100

Note: 
* 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
  • PDS and sukuk: Deemed approval or 14 working days.
B. Corporate Applications Approved by the SC – Q3 2014
i) Applications Approved and Lodged 
Table 4: Number of Applications Approved/Authorised

Type of Applications

No. of Applications Approved/Lodged

Q3 2014

Q2 2014

Q3 2013

Initial Public Offerings

  • Main Market

1

4

5

Acquisition, Reverse Take-Overs and Back-Door Listings

1

Transfers from ACE Market to Main Market

2

1

Secondary Listing

28

25

24

Others

TOTAL

29

32

30

ii) Private Debt Securities (PDS)
Table 5: Approved and Lodged Ringgit-denominated Issues

Type

Q3 2014

Q2 2014

Q3 2013

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

Conventional PDS

8

17,241.66

4(1)

13,702.60

11(2)

14,494.41

Sukuk

11

8,435.00

17(3)

21,690.00

8

8,165.00

Combination(4)

Total

19

25,676.66

21

35,392.60

19

22,659.41

Note: 
(1) Include 1 multi-currency issue amounting to RM10.0 billion.
(2) Include 1 multi-currency issue amounting to RM1.0 billion.
(3) Include 1 multi-currency issue amounting to RM1.0 billion.
(4) Combination of sukuk and conventional notes.
Table 6: Approved and Lodged Foreign Currency-denominated Issues by Foreign Corporations

Type

Q3 2014

Q2 2014

Q3 2013

No. of issues

Size

No. of issues

Size

No. of issues

Size

Conventional PDS

1(1)

USD2.5 billion

Sukuk

4(2)

USD480.0 million

1(2)

GBP38.5 million

3(3)

USD12.1 billion

1(2)

EUR33.0 million

2(2)

USD21.0 million

Combination

Total

1

EUR33.0 million

1

GBP38.5 million

3

USD12.1 billion

5

USD3.0 billion

2

USD21.0 million

Note: 
(1) Multi-currency issue. 
(2) Offerings in Malaysia were part of global offerings.
(3) Comprise 1 multi-currency issue amounting to USD12.0 billion and 2 global offerings amounting to USD77.2 million.
Table 7: Approved and Lodged Foreign Currency-denominated Issues by Malaysian Issuers

Type

Q3 2014

Q2 2014

Q3 2013

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

Conventional PDS

3(1)

USD15.0 billion

1(1)

USD2.0 billion

Sukuk

1(1)

USD500.0 million

1(1)

USD1.0 billion

Combination

Total

3

USD15.0 billion

1

USD500.0 million

2

USD3.0 billion

Note: 
(1) Multi-currency issues. 
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

Q3 2014

Q2 2014

Q3 2013

Clearance of offer document(1)

3

8

8

Clearance of independent advice circular

2

11

7

Exemption from mandatory offer obligation

4

2

8

Others(2)

13

11

14

Total

22

32

37

Note: 
(1) Including documents relating to schemes for control.
(2) Including the eligibility to act as independent adviser for take-over proposals, rulings, 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

Q3
2014

Q2
2014

Q3
2013

Establishment of new collective investment schemes

29

15

22

Establishment of retirement funds

0

0

3

Increase in fund size

1

0

1

Exemption/variation from Guidelines(1)

2

5

5

Other applications(2)

14

22

17

Total

46

42

48

Note: 
(1) Excludes applications submitted through the establishment of new schemes.
(2) Includes applications for variation to proposal, change of trustee, clearance of audit scope, extension of time and in relation to online activities.
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