SC Scorecard Q3 2015 & Statistics of Submissions Approved by the SC in Q3 2015

A. Corporate Submissions to the SC – Q3 2015

Table 1: Status of Substantive Applications as at 30 September 2015

Applications	Total
Balance brought forward from Q2 2015	10
Add: Applications received in Q3 2015	5
Total applications	15
Less: Applications Considered in Q3 2015	(5)
Less: Applications Withdrawn in Q3 2015	(1)
Balance carried forward to Q4 2015	9

Table 2: Substantive Applications Considered/Withdrawn/Lodged in Q3 2015

Type of Applications	Considered			Withdrawn	Lodged	Total
Type of Applications	Approved	Not Approved	Returned	Withdrawn	Lodged	Total
Initial Public Offering Main Market	2	–	–	1	–	3
Reverse Take-Overs and Back-Door Listings	1	–	–	–	–	1
Transfer from ACE Market to Main Market	–	–	–	–	–	–
Private Debt Securities (PDS) and Sukuk	2	–	–	–	9	11
TOTAL	5	–	–	1	9	15

Table 3: Processing Turnaround Time for Substantive Applications Considered in Q3 2015

Total Substantive Applications Considered	Within Time Charter*		Exceed Time Charter
Total Substantive Applications Considered	No.	%	No.	%
5	5	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 2015

i) Applications Approved and Lodged
Table 4: Number of Applications Approved and Lodged

Type of Applications	No. of Applications Approved/Lodged
Type of Applications	Q3 2015	Q2 2015	Q3 2014
Initial Public Offerings Main Market	2	1	1
Reverse Take-Overs and Back-Door Listings	1	1	–
Transfers from ACE Market to Main Market	–	–	–
PDS and Sukuk	11	26	28
TOTAL	14	28	29

ii) Private Debt Securities (PDS) and Sukuk

Table 5: Approved and Lodged Ringgit-denominated Issues

Type of Applications	Q3 2016		Q2 2016		Q3 2015
Type of Applications	No. of issues	Size (RM mil)	No. of issues	Size (RM mil)	No. of issues	Size (RM mil)
Conventional PDS	4	14,000.00	5	9,726.00	8	17,241.66
Sukuk	5	14,410.00	9⁽¹⁾	16,960.00	11	8,435.00
Combination	–	–	6	8,500.00	–	–
Total	9	28,410.00	20	35,186.00	19	25,676.66

Note:

⁽¹⁾Include 2 multi-currency issues amounting to RM8.6 billion.

Table 6: Approved and Lodged Foreign Currency-denominated Issues by Foreign Corporations

Type	Q3 2015		Q2 2015		Q3 2014
Type	No. of issues	Size (mil)	No. of issues	Size (mil)	No. of issues	Size (mil)
Conventional PDS	1^(1,2)	–	1⁽³⁾	USD15,000.00	1⁽³⁾	USD2,500.00
Sukuk	–	–	3⁽²⁾	USD662.60	4⁽²⁾	USD480.00
Sukuk	–	–	3⁽²⁾	USD662.60	1⁽²⁾	EUR33.00
Combination	–	–	–	–	–	–
Total	1	–	4	USD15,662.60	5	USD2,980.00
Total	1	–	4	USD15,662.60	1	EUR33.00

Note:

⁽¹⁾ Offer size has yet to be finalised at the point of approval.
⁽²⁾ Offerings in Malaysia were part of global offerings.
⁽³⁾ Multi-currency issue.

Table 7: Approved and Lodged Foreign Currency-denominated Issues by Malaysian Issuers

Type of Applications	Q3 2015		Q2 2015		Q3 2014
Type of Applications	No. of issues	Size (USD mil)	No. of issues	Size (USD mil)	No. of issues	Size (USD mil)
Conventional PDS	1	USD120.00	2	USD1,500.00	3⁽¹⁾	USD15,000.00
Sukuk	–	–	–	–	–	–
Combination	–	–	–	–	–	–
Total	1	USD120.00	2	USD1,500.00	3	USD15,000.00

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 2015	Q2 2015	Q3 2014
Clearance of offer document⁽¹⁾	7	4	3
Clearance of independent advice circular	7	7	2
Exemption from mandatory offer obligation	2	2	4
Others⁽²⁾	4	5	13
Total	20	18	22

Note:

⁽¹⁾ Including documents relating to schemes for control.
⁽²⁾Including the eligibility to act as independent adviser for take-over proposals, ruling, ancillary applications and exemption from the Code provisions.

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 2015	Q2 2015	Q3 2014
Establishment of new collective investment schemes	8	36	29
Establishment of retirement funds	1	3	0
Increase in fund size	0	2	1
Exemption/variation from Guidelines⁽¹⁾	1	7	2
Other applications⁽²⁾	18	30	14
Total	28	78	46

Note:

⁽¹⁾ Excludes applications submitted through the establishment of new schemes.
⁽²⁾Includes applications to act as adviser under the Guidelines of Offering, Marketing and Distribution of Foreign Funds, extension of time, variation to proposal and clearance of audit scope.