SC Scorecard Q3 2022 & Statistics of Submissions Approved by the SC in Q3 2022

A. Corporate Submissions to the SC – Q3 2022

Table 1: Status of substantive applications as at 30 September 2022

Applications	Equities	Corporate Bonds and Sukuk	Total
Balance brought forward from Q2 2022	9	-	9
Add: Applications received/lodged in Q3 2022	7	17	24
Total applications	16	17	33
Less: Applications Considered/Lodged in Q3 2022	(4)	(17)	(21)
Less: Applications Withdrawn in Q3 2022	-	-	-
Balance carried forward to Q4 2022	12	-	12

Table 2: Substantive Applications Considered/Withdrawn/Lodged in Q3 2022

Type of Applications	Considered			Withdrawn	Lodged	Total
Type of Applications	Approved	Not Approved	Returned	Withdrawn	Lodged	Total
IPO – Main Market	1	-	-	-	-	1
Acquisition, reverse take-overs and back- door listings	1	-	-	-	-	1
Transfer from ACE Market to Main Market	2	-	-	-	-	2
Corporate bonds and sukuk	-	-	-	-	17	17
TOTAL	4	-	-	-	17	21

Table 3: Processing Turnaround Time for Substantive Applications Considered in Q3 2022

Total Substantive Applications Considered	Within Time Charter*		Exceed Time Charter
Total Substantive Applications Considered	No. of queries issued	%	No. of queries issued	%
4	4	100	-	-

Note:

* 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.

Corporate Applications Approved by the SC – Q3 2022
i) Applications Approved/Lodged
Table 4: Number of Applications Approved/Lodged

Type of Applications	No. of Applications Approved/Lodged
Type of Applications	Q3 2022	Q2 2022	Q3 2021
IPO – Main Market	1	1	-
Acquisition, reverse take-overs and back-door listings	1	-	-
Transfers from ACE Market to Main Market	2	2	2
Corporate bonds and sukuk	17	15	10
TOTAL	21	18	12

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

Type of Applications	Q3 2022		Q2 2022		Q3 2021
Type of Applications	No. of issues	Size (RM mil)	No. of issues	Size (RM mil)	No. of issues	Size (RM mil)
Conventional bonds	4	7,050.00	4	8,862.79	4	3,450.00
Sukuk	13	14,770.00	10	29,246.00	6	6,318.00
Combination⁽¹⁾	-	-	-	-	-	-
Total	17	21,820.00	14	38,108.79	10	9,768.00

Note:

⁽¹⁾ Combination of sukuk and conventional bonds.

Table 6: Approved/lodged foreign currency-denominated issues by foreign corporations

Type of Applications	Q3 2022		Q2 2022		Q3 2021
Type of Applications	No. of issues	Size (US$ mil)	No. of issues	Size (US$ mil)	No. of issues	Size (US$ mil)
Conventional bonds	-	-	-	-	-	-
Sukuk	-	-	1	35,000.00	-	-
Combination⁽¹⁾	-	-	-	-	-	-
Total	-	-	1	35,000.00	-	-

Note:

⁽¹⁾ Combination of sukuk and conventional bonds.

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

Type of Applications	Q3 2022		Q2 2022		Q3 2021
Type of Applications	No. of issues	Size (JPY mil)	No. of issues	Size (JPY mil)	No. of issues	Size (JPY mil)
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 2022	Q2 2022	Q3 2021
Clearance of offer/scheme documents¹	4	2	6
Offers Schemes	3 1	2 0	4 2
Total offer/scheme value	RM0.63b	RM0.11b	RM4.46b
Clearance of independent advice circulars	6	3	6
Offers/schemes Whitewash exemptions	4 2	1* 2	5 1
Clearance of circulars for whitewash exemptions	1#	1#	-
Applications for exemption from mandatory offer obligation	3	3	2
Whitewash exemptions Others	3 0	0 3	2 0
Other applications²	4	6	7
TOTAL APPLICATIONS CONSIDERED	18	15	21

Note:

¹ Including documents relating to schemes for control and compensation scheme documents, where applicable.
² Refers to all other applications under the CMSA, Code and Rules.
^* The independent advice circular in relation to one of the take-over offers for which the offer document was cleared in Q2 2022, is pending clearance by the SC as at 30 June 2022.
^# Pursuant to the revised Rules on 28 December 2021, circulars for whitewash exemptions must be submitted to the SC for its comments and clearance on the contents relating to the whitewash exemptions.

iv) CIS, PRS and Foreign ASEAN CIS

Table 9: Number of applications approved relating to unit trusts, other CIS, PRS and Foreign ASEAN CIS

Type	Number of Applications Approved
Type	Q3 2022	Q2 2022	Q3 2021
Establishment of new collective investment schemes	14	8	12
Establishment of retirement funds	12	0	0
Recognition of foreign ASEAN CIS	0	0	0
Exemption/variation from Guidelines⁽¹⁾	0	1	0
Other applications	6²	5	12
Total	32	14	24

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 SRI fund.

C. Licensing

Table 10: Status of licensing applications

New licence application	Brought forward from Q2 2022	Received	Withdrawn	Returned	Considered / Pending Consideration	Approved	Rejected	Pending
Representative	47	282	2	8	319	257	0	62
Corporation	11	6	-	-	17	1	-	16
Individual	-	-	-	-	-	-	-	-
TOTAL	58	288	2	8	336	258	0	78

Table 11: Processing turnaround time for licensing applications

New licence application	Within time charter		Exceeds time charter		Subtotal	Exception¹	Total approved
New licence application	Total	%	Total	%	Subtotal	Total	Total approved
Representative	254	100	0	0	254	3	257
Corporation	1	100	0	0	1	0	1
Individual	-	-	-	-	-	-	-
TOTAL	255	100	0	0	255	3	258

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.