SC Scorecard Q3 2016 & Statistics of Submissions Approved by the SC in Q3 2016

A. Corporate Submissions to the SC – Q3 2016

Table 1: Status of Substantive Applications as at 30 September 2016

Applications	Total
Balance brought forward from Q2 2016	7
Add: Applications received in Q3 2016	2
Total applications	9
Less: Applications Considered in Q3 2016	(3)
Less: Applications Withdrawn in Q3 2016	(1)
Balance carried forward to Q4 2016	5

Table 2: Substantive Applications Considered/Withdrawn/Lodged in Q3 2016

Type of Applications	Considered			Withdrawn	Lodged	Total
Type of Applications	Approved	Not Approved	Returned	Withdrawn	Lodged	Total
Initial Public Offering Main Market	2	–	–	–	–	2
Acquisition, Reverse Take-Overs and Back-Door Listings	1	–	–	–	–	1
Transfer from ACE Market to Main Market	–	–	–	1	–	1
Corporate bonds and sukuk	–	–	–	–	8	8
TOTAL	3	–	–	1	8	12

Table 3: Processing Turnaround Time for Substantive Applications Considered in Q3 2016

Total Substantive Applications Considered	Within Time Charter*		Exceed Time Charter
Total Substantive Applications Considered	No.	%	No.	%
3	3	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
Issuance of corporate bonds and sukuk to retail investors (inclusive of the registration of the prospectus) is 40 working days.

B. Corporate Applications Approved by the SC – Q3 2016

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

Type of Applications	No. of Applications Approved/Lodged
Type of Applications	Q3 2016	Q2 2016	Q3 2015
Initial Public Offerings Main Market	2	1	2
Acquisition, Reverse Take-Overs and Back-Door Listings	1	–	1
Transfers from ACE Market to Main Market	–	–	–
Offering of securities	–	1	–
Corporate bonds and sukuk	8	13	11
TOTAL	11	15	14

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	3	15,120.00	3	20,100.00	4	14,000.00
Sukuk	4	4,450.00	10	25,330.00	5	14,410.00
Combination	–	–	–	–	–	–
Total	7	19,570.00	13	45,430.00	9	28,410.00

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

Type of Applications	Q3 2016		Q21 2016		Q3 2015
Type of Applications	No. of issues	Size (USD mil)	No. of issues	Size (USD mil)	No. of issues	Size (USD mil)
Conventional bonds	–	–	–	–	1⁽¹⁾	31.50
Sukuk	–	–	–	–	–	–
Combination	–	–	–	–	–	–
Total	–	–	–	–	1	31.50

Note:

⁽¹⁾Offering in Malaysia was part of global offering.

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

Type of Applications	Q3 2016		Q2 2016		Q3 2015
Type of Applications	No. of issues	Size (USD mil)	No. of issues	Size (USD mil)	No. of issues	Size (USD mil)
Conventional bonds	1	80.00⁽¹⁾	–	–	1	120.00
Sukuk	–	–	–	–	–	–
Combination	–	–	–	–	–	–
Total	1	80.00	–	–	1	120.00

Note:

⁽¹⁾ Equivalent in Thai Baht.

iii) Take-Overs & Mergers

Table 8: Number of submissions considered in relation to take-overs, mergers and compulsory acquisitions

Type	Number of Submissions Considered
Type	Q3 2016	Q2 2016	Q3 2015
Clearance of offer document⁽¹⁾	5	8	7
Clearance of independent advice circular⁽²⁾	7	8	7
Exemption from mandatory offer obligation	2	2	2
Others	5	3	4
Total	19	21	20

Note:

⁽¹⁾ Including documents relating to schemes for control.
⁽²⁾ Including independent advice circular for whitewash applications.

iv) Collective Investment Schemes, Private Retirement Schemes & Foreign ASEAN CIS

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

Type	Number of Applications Approved
Type	Q3 2016	Q2 2016	Q3 2015
Establishment of new collective investment schemes	11	12	8
Establishment of new private retirement funds	0	3	1
Recognition of foreign ASEAN CIS	0	0	0
Increase in fund size	4	1	0
Exemption/variation from Guidelines⁽¹⁾	9	4	1
Other applications⁽²⁾	8	14	18
Total	32	34	28

Note:

⁽¹⁾ Excludes applications submitted through the establishment of new schemes.
⁽²⁾ Includes applications for renewal of trustee’s registration, variation to proposal, extension of time and application in relation to online activities.