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Less: Applications withdrawn in Q3 2019	(-)	(-)	(-)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Table 2: Substantive Applications Considered/Withdrawn/Lodged

Type of Applications	Considered			Withdrawn	Lodged	Total
Type of Applications	Approved	Not Approved	Returned	Withdrawn	Lodged	Total
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
Total Substantive Applications Considered	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
Type of Applications	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
Type of Applications	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
Type of Applications	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
Type of Applications	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
Type	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
Type	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
New licence application	Total	%	Total	%	Subtotal	Total	Total approved
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