SC Scorecard Q3 2020 & Statistics of Submissions Approved by the SC in Q3 2020
A. Corporate Submissions to the SC – Q3 2020
Table 1: Status of substantive applications
Applications   

 Equities

Corporate bonds and sukuk

 Total

Balance brought forward from Q2 2020

3

-

3

Add: Applications received in Q3 2020

3

20

23

Total applications

6

20

26

Less: Applications considered in Q3 2020

(1)

(20)

(21)

Less: Applications withdrawn in Q3 2020

(-)

(-)

(-)

Balance carried forward to Q4 2020

5

-

5

Table 2: Substantive applications considered/withdrawn/lodged

Type of Applications

Considered

Withdrawn Lodged Total

Approved

Not Approved

Returned

Initial public offering
– Main Market

-

-

-

-

-

-

Acquisition, reverse take-overs and back- door listings

-

-

-

-

-

-

Transfer from ACE Market to Main Market

1

-

-

-

-

-

Corporate bonds and sukuk

-

-

-

-

20

20

Others

-

-

-

-

-

-

TOTAL

1

-

-

-

20

21

Table 3: Processing turnaround time for substantive applications considered

Total Substantive Applications Considered

Within Time Charter*

Exceed Time Charter

No.

%

No.

%

1

-

-

1

100.00

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 2020

Q2 2020

Q3 2019

Initial public offerings – Main Market

-

-

1

Acquisition, reverse take-overs and back-door listings

-

-

-

Transfers from ACE Market to Main Market

1

-

-

Corporate bonds and sukuk

20

13

17

TOTAL

21

13

18

ii) Corporate Bonds and Sukuk
Table 5: Approved/lodged ringgit-denominated issues


Type of Applications

Q3 2020

Q2 2020

Q3 2019

 No. of issues

Size (RM mil)

 No. of issues

Size (RM mil)

 No. of issues

Size (RM mil)

Conventional bonds

4

11,920.00

1

2,000.00

8

13,469.00

Sukuk

13

37,010.00

10

24,150.00

9

10,051.00

Combination(1)

2

2,000.00

-

-

-

-

Total

19

50,930.00

11

26,150.00

17

23,520.00

Note: 
(1) Combination of sukuk and conventional notes.
Table 6: Approved/lodged foreign currency-denominated issues by foreign corporations

Type of Applications

Q3 2020

Q2 2020

Q3 2019

No. of issues

Size
(US$ mil)

No. of issues

Size
(US$ mil)

No. of issues

Size
(US$ mil)

Conventional bonds

1

1,500.00

1

15,000.00

-

-

Sukuk

-

-

1

25,000.00

-

-

Combination

-

-

-

-

-

-

Total

1

1,500.00

2

40,000.00

-

-

Table 7: Approved/lodged foreign currency-denominated issues by Malaysian issuers

Type of Applications

Q3 2020

Q2 2020

Q3 2019

No. of issues

Size (JPY mil)

No. of issues

Size (JPY mil)

No. of issues

Size (JPY mil)

Conventional bonds

-

-

-

-

-

-

Sukuk

-

-

-

-

-

-

Combination

-

-

-

-

-

-

Total

-

-

-

-

-

-

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 2020

Q2 2020

Q3 2019

Clearance of offer document(1)

5

3

7

Clearance of independent advice circular(2)

8

4

6

Exemption from mandatory offer obligation

2

3

4

Others(3)

2

3

3

Total

17

13

20

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 2020

Q2 2020

Q3 2019

Establishment of new collective investment schemes

16

9

21

Establishment of retirement funds

-

-

-

Recognition of foreign ASEAN CIS

-

-

-

Increase in fund size

-

-

-

Exemption/variation from Guidelines(1)

8

2

6

Other applications

5(2)

11

8

Total

29

22

35

Note: 
1 Excludes applications submitted together with the establishment of new schemes. 
2 Include application for extension of time, qualification as an SRI Fund, concurrences in relation to proposals, variation to condition of the SC’s approval and application in relation to online activities.
C. Licensing
Table 10: Status of licensing applications

New licence application

Brought forward from Q2 2020

 Received

 Withdrawn

 Returned

 Considered

 Approved

 Rejected

 Pending

Representative

56

212

1

17

250

191

-

59

Corporation

8

3

-

-

11

2

-

9

Individual

-

-

-

-

-

-

-

-

Total

64

215

1

17

261

193

-

68

C. Licensing
Table 11: Processing turnaround time for licensing applications

New licence application

Within time charter Exceeds time charter

Subtotal

Exception

Total approved

Total

%

Total

%

Total

Representative

190

100

-

-

190

1

191

Corporation

2

100

-

-

2

-

2

Individual

-

-

-

-

-

-

-

Total

192

100

-

-

192

1

193

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