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Less: Applications Withdrawn in Q3 2021	(1)	-	(1)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Table 2: Substantive Applications Considered/Withdrawn/Lodged in Q3 2021

Type of Applications	Considered			Withdrawn	Lodged	Total
Type of Applications	Approved	Not Approved	Returned	Withdrawn	Lodged	Total
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
Total substantive applications considered	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
Type of Applications	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
Type of Applications	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 bonds.

Table 6: Approved/Lodged Foreign Currency-Denominated Issues by Foreign Corporations

Type of Applications	Q3 2021		Q2 2021		Q3 2020
Type of Applications	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 bonds.

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

Type of Applications	Q3 2021		Q2 2021		Q3 2020
Type of Applications	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 bonds.

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 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
Type	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
New licence application	Total	%	Total	%	Subtotal	Total	Total approved
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.