SC Scorecard Q3 2021 & Statistics of Submissions Approved by the SC in Q3 2021
A. Corporate Submissions to the SC – Q3 2021
Table 1: Status of Substantive Applications as at 30 September 2021
Applications   

 Equities

Corporate bonds and sukuk

 Total

Balance brought forward from Q2 2021

6

-

6

Add: Applications Received/Lodged in Q3 2021

5

10

15

Total applications

11

10

21

Less: Applications Considered/Lodged in Q3 2021

(2)

(10)

(12)

Less: Applications Withdrawn in Q3 2021

(1)

-

(1)

Balance carried forward to Q4 2021

8

-

8

Table 2: Substantive Applications Considered/Withdrawn/Lodged in Q3 2021

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Withdrawn Lodged Total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

2

-

-

-

-

2

Other substantive applications i.e. dual primary listing on a foreign exchange

-

-

-

1

-

1

Corporate bonds and sukuk

-

-

-

-

10

10

TOTAL

2

-

-

1

10

13

Table 3: Processing Turnaround Time for Substantive Applications Considered in Q3 2021

Total substantive applications considered

Within time charter*

Exceed time charter

No.

%

No.

%

2

2

100

-

-

*

For each substantive application, the first round of query was raised within the internal time charter of 10 MDs from receipt of submission as well as all subsequent rounds of queries were raised within the internal time charter of 5 MDs from receipt of complete replies.
B. Corporate Applications Approved by the SC – Q3 2021
i) Applications Approved/Lodged
Table 4: Number of Applications Approved/Lodged

Type of Applications

No. of Applications Approved/Lodged

Q3 2021

Q2 2021

Q3 2020

Initial Public Offerings

  • Main Market

-

3

-

Acquisition, Reverse Take-Overs and Back-Door Listings

-

-

-

Transfers from ACE Market to Main Market

2

-

1

Corporate bonds and sukuk

10

20

20

TOTAL

12

23

21

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


Type of Applications

Q3 2021

Q2 2021

Q3 2020

 No. of issues

Size
(RM mil)

 No. of issues

Size
(RM mil)

 No. of issues

Size
(RM mil)

Conventional bonds

4 3,450.00 7 8,962.00 4 11,920.00

Sukuk

6 6,318.00 12 39,300.00 13 37,010.00

Combination(1)

- - - - 2 2,000.00

Total

10 9,768.00 19 48,262.00 19 50,930.00
Note: 
(1) Combination of sukuk and conventional notes.
Table 6: Approved/Lodged Foreign Currency-Denominated Issues by Foreign Corporations

Type of Applications

Q3 2021

Q2 2021

Q3 2020

No. of issues

Size
(US$ mil)

No. of issues

Size
(US$ mil)

No. of issues

Size
(US$ mil)

Conventional bonds

- - - - 1 1,500.00

Sukuk

- - 1 25,000.00 - -

Combination(1)

- - - - - -

Total

- - 1 25,000.00 1 1,500.00
Note: 
(1) Combination of sukuk and conventional notes.
Table 7: Approved/Lodged Foreign Currency-Denominated Issues by Malaysian Issuers

Type of Applications

Q3 2021

Q2 2021

Q3 2020

No. of issues

Size

No. of issues

Size

No. of issues

Size

Conventional bonds

-

-

-

-

-

-

Sukuk

-

-

-

-

-

-

Combination(1)

-

-

-

-

-

-

Total

-

-

-

-

-

-

Note: 
(1) Combination of sukuk and conventional notes.
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 2021

Q2 2021

Q3 2020

Clearance of offer document(1)

6

3

5

Clearance of independent advice circular(2)

6

5

8

Exemption from mandatory offer obligation

2

2

2

Others(3)

7

5

2

Total

21

15

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 2021

Q2 2021

Q3 2020

Establishment of new collective investment schemes

12

15

16

Establishment of retirement funds

0

0

0

Recognition of foreign ASEAN CIS

0

0

0

Exemption/variation from Guidelines(1)

0

9

8

Other applications

122

2

5

TOTAL

24

26

29

Note: 
1 Excludes applications submitted together with the establishment of new schemes.
2 Includes applications in relation to online activities, extension of time and qualification as a Sustainable and Responsible Investment Fund
C. Licensing
Table 10: Status of Licensing Applications

New licence application

Brought forward from Q2 2021

Received

Withdrawn

Returned

Considered /Pending Consideration

Approved

Rejected

Pending

Representative

85

400

2

29

454

392

-

62

Corporation

9

3

-

2

10

2

-

8

Individual

-

-

-

-

-

-

-

-

Total

94

403

2

31

464

394

-

70

Table 11: Processing Turnaround Time for Licensing Applications

New licence application

Within time charter Exceeds time charter

Subtotal

Exception(1)

Total approved

Total

%

Total

%

Total

Representative

391

100

-

-

391

1

392

Corporation

2

100

-

-

2

-

2

Individual

-

-

-

-

-

-

-

Total

393

100

-

-

393

1

394

Note: 
1 This refers to an application which required exception handling, where further assessment and engagement were required due to issues related to the applicant’s fit and properness.
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