SC Scorecard Q3 2019 & Statistics of Submissions Approved by the SC in Q3 2019
A. Corporate Submissions to the SC – Q3 2019
Table 1: Status of Substantive Applications as at 30 September 2019
Applications   

Equities

Corporate Bonds and Sukuk

Total

Balance brought forward from Q2 2019

1

-

1

Add: Applications received in Q3 2019

2

17

19

Total applications

3

17

20

Less: Applications considered in Q3 2019

(1)

(17)

(18)

Less: Applications withdrawn in Q3 2019

(-)

(-)

(-)

Balance carried forward to Q4 2019

2

-

2

Table 2: Substantive Applications Considered/Withdrawn/Lodged

Type of Applications

Considered

Withdrawn Lodged Total

Approved

Not Approved

Returned

Initial Public Offering

  • Main Market

1

-

-

-

-

1

Acquisition, Reverse Take-Overs  and Back-Door Listings

-

-

-

-

-

-

Transfer from ACE Market to Main Market

-

-

-

-

-

-

Corporate bonds and sukuk

-

-

-

-

17

17

Others

-

-

-

-

-

1

TOTAL

1

-

-

-

17

18

Table 3: Processing Turnaround Time for Substantive Applications Considered

Total Substantive Applications Considered

Within Time Charter*

Exceed Time Charter

No.

%

No.

%

1

1

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


Type of Applications

No. of Applications Approved/Lodged

Q3 2019

Q2 2019

Q3 2018

Initial public offerings

  • Main Market

1

2

2

Acquisition, reverse take-overs and back-door listings

-

-

-

Transfers from ACE Market to Main Market

-

-

1

Corporate bonds and sukuk

17

20

20

TOTAL

18

22

23

ii) Corporate Bonds and Sukuk
Table 5: Approved and Lodged Ringgit-Denominated Issues


Type of Applications

Q3 2019

Q2 2019

Q3 2018

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

Conventional bonds

8

13,469.00

10

11,339.00

10

10,551.80

Sukuk

9

10,051.00

8

34,071.24

10

22,550.00

Combination(1)

-

-

-

-

-

-

Total

17

23,520.00

18

45,410.24

20

33,101.80

Note: 
(1) Combination of sukuk and conventional notes.
Table 6: Approved and Lodged Foreign Currency-Denominated Issues by Foreign Corporations

Type of Applications

Q3 2019

Q2 2019

Q3 2018

No. of issues

Size
(USD mil)

No. of issues

Size
(USD mil)

No. of issues

Size
(USD mil)

Conventional bonds

-

-

-

-

-

-

Sukuk

-

-

1

400.00

-

-

Combination

-

-

-

-

-

-

Total

-

-

1

400.00

-

-

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

Type of Applications

Q3 2019

Q2 2019

Q3 2018

No. of issues

Size (mil)

No. of issues

Size (mil)

No. of issues

Size (mil)

Conventional bonds

-

-

1

500,000.00

-

-

Sukuk

-

-

-

-

-

-

Combination

-

-

-

-

-

-

Total

-

-

1

500,000.00

-

-

iii) Take-Overs & Mergers
Table 8: Number of Submissions Considered in Relation to Take-overs, Mergers and Compulsory Acquisitions


Type

Number of Submissions Considered

Q3 2019

Q2 2019

Q3 2018

Clearance of offer document(1)

7

7

5

Clearance of independent advice circular(2)

6

7

4

Exemption from mandatory offer obligation

4

5

4

Others(3)

3

9

4

Total

20

28

17

Note: 
1 Including documents relating to schemes for control. 
2 Including independent advice circulars for whitewash exemptions. 
3 Including exemptions from the provisions of Malaysian Code on Take-overs and Mergers/Rules on Take-overs, Mergers and Compulsory Acquisitions, as the case may be.
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

Q3
2019

Q2
2019

Q3
2018

Establishment of new collective investment schemes

21

12

15

Establishment of retirement funds

-

-

-

Recognition of foreign ASEAN CIS

-

1

-

Increase in fund size

-

-

-

Exemption/variation from Guidelines(1)

6

4

4

Other applications

82

5

14

Total

35

22

33

Note: 
1 Excludes applications submitted together with the establishment of new schemes. 
2 Includes applications for extension of time, clearance of audit scope and application in relation to online activities.
C. Licensing
Table 10: Status of licensing applications

New licence application

Received

Withdrawn

Returned

Considered

Approved

Rejected

Pending

Representative

345

3

17

325

278

-

47

Corporation

8

-

-

8

1

-

7

Individual

-

-

-

-

-

-

-

Total

353

3

17

333

279

-

54

C. Licensing
Table 10: Status of licensing applications

New licence application

Within time charter Exceeds time charter

Subtotal

Exception

Total approved

Total

%

Total

%

Total

Representative

275

100

-

-

275

31

278

Corporation

1

100

-

-

1

-

1

Individual

-

-

-

-

-

-

-

Total

276

100

-

-

276

3

279

Note: 
1 These applications required further assessment
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