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Less: Applications Withdrawn in Q3 2022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Table 2: Substantive Applications Considered/Withdrawn/Lodged in Q3 2022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Withdrawn Lodged Total

Approved

Not Approved

Returned

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

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

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

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

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

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

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

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.
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