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Less: Applications Withdrawn in Q3 2014	(2)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Table 2: Substantive Applications Considered/Withdrawn in Q3 2014

Type of Applications	Considered			Withdrawn	Total
Type of Applications	Approved	Not Approved	Returned	Withdrawn	Total
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
Total Substantive Applications Considered	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
Type of Applications	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
Type	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
Type	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
Sukuk	1(2)	EUR33.0 million	2(2)	USD21.0 million	3(3)	USD12.1 billion
Combination	–	–	–	–	–	–
Total	1	EUR33.0 million	1	GBP38.5 million	3	USD12.1 billion
Total	5	USD3.0 billion	2	USD21.0 million	3	USD12.1 billion

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
Type	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
Type	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
Type	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.