SC Scorecard Q3 2024 & Statistics of Submissions Approved by the SC in Q3 2024

A. Corporate Submissions to the SC – Q3 2024

Table 1: Status of Substantive Applications/Lodgements as at 30 September 2024

Applications/ Lodgements	Equities	Corporate Bonds and Sukuk	Total
Balance brought forward from Q2 2024	5	-	5
Add: Applications Received/Lodgements in Q3 2024	5	31	36
Total applications	10	31	41
Less: Applications Considered/Lodgements in Q3 2024	(2)	(31)	(33)
Less: Applications Withdrawn in Q3 2024	-	-	-
Balance carried forward to Q3 2024	8	-	8

Table 2: Substantive Applications Considered/Withdrawn & Lodgements in Q3 2024

Type of Applications/ Lodgements	Considered			Withdrawn	Lodged	Total
Type of Applications/ Lodgements	Approved	Not Approved	Returned	Withdrawn	Lodged	Total
Initial Public Offering Main Market	1	-	-	-	-	1
Acquisition, Reverse Take-Overs and Back-Door Listings	-	-	-	-	-	-
Transfer from ACE Market to Main Market	1	-	-	-	-	1
Corporate bonds and sukuk	-	-	-	-	31	31
TOTAL	2	-	-	-	31	33

Table 3: Processing Turnaround Time for Substantive Applications Considered in Q3 2024

Total Substantive Equities Applications Considered	Approved	Lapsed	Rejected	Processing Time	Time Charter*
Total Substantive Equities Applications Considered	Approved	Lapsed	Rejected	Processing Time	Within	Exceed
2	2	-	-	2 – 3 months	100%	-

* Based on number of queries issued.
Time charter for substantive application:
first round of query raised within 10 MDs from receipt of complete submission; and
subsequent queries raised within 5 MDs from receipt of complete replies.

B. Corporate Applications Approved/Lodgements – Q3 2024

i) Applications Approved/Lodged
Table 4: Number of Applications Approved/Lodged

Type of Applications	No. of Applications Approved/Lodged
Type of Applications	Q3 2024	Q2 2024	Q3 2023
Initial Public Offerings Main Market	1	2	2
Acquisition, Reverse Take-Overs and Back-Door Listings	-	-	-
Transfers from ACE Market to Main Market	1	4	2
Corporate bonds and sukuk	31	18	28
TOTAL	33	24	32

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

Type of Applications	Q3 2024		Q2 2024		Q3 2023
Type of Applications	No. of issues	Size (RM mil)	No. of issues	Size (RM mil)	No. of issues	Size (RM mil)
Conventional bonds	6	12,000.00	7	8,404.00	10	47,462.88
Sukuk	25	45,785.00	10	15,400.00	17	48,288.00
Combination⁽¹⁾	-	-	-	-	-	-
TOTAL	31	57,785.00	17	23,804.00	27	95,750.88

Note:

⁽¹⁾ Combination of sukuk and conventional bonds.

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

Type of Applications	Q3 2024		Q2 2024		Q3 2023
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	1	35,000.00
Combination⁽¹⁾	-	-	-	-	-	-
Total	-	-	1	35,000.00	1	35,000.00

Note:

⁽¹⁾ Combination of sukuk and conventional bonds.

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

Type of Applications	Q3 2024		Q2 2024		Q3 2023
Type of Applications	No. of issues	Size (USD mil)	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 2024	Q2 2024	Q3 2023
Clearance of offer/scheme documents¹	3	7	2
Offers	2	7	2
Schemes	1	0	0
Total offer/scheme value	RM0.86b	RM2.02b	RM0.13b
Clearance of independent advice circulars	3	12	2
Offers/schemes	3	8*	1
Whitewash exemptions²	0	4	1
Clearance of circulars for whitewash exemption	0	4	1
Applications for exemption from mandatory offer obligation	6	4	12
Whitewash exemptions	5	2	3
Others	1	2	9
Other applications³	5^	6	1
TOTAL APPLICATIONS CONSIDERED	17	33	18

Note:

Including documents relating to schemes for control and compensation scheme documents, where applicable.
Whitewash refers to an exemption from mandatory offer obligation arising from the issuance of new securities, granted by the SC subject to fulfilment of the stipulated conditions including approval from independent holders at a general meeting.
Refers to all other applications under the Capital Markets and Services Act 2007, Malaysian Code on Take-overs and Mergers 2016 and Rules on Take-overs, Mergers and Compulsory Acquisitions.

* One of the independent advice letters cleared by the SC during the quarter relates to an offer to which the offer document was cleared in the preceding quarter.
^ Includes one application where multiple extensions of time were given to dispatch the offer document in relation to the unconditional mandatory take-over offer on South Malaysia Industries Berhad.

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 2024	Q2 2024	Q3 2023
Establishment of new collective investment schemes	10	12	7
Establishment of retirement funds	0	0	1
Recognition of foreign ASEAN CIS	0	0	0
Exemption/variation from Guidelines¹	1	1	1
Other applications	8²	8	8
Total	19	21	17

Note:

Excludes applications submitted together with the establishment of new schemes.
Includes applications in relation to extension of time, conditions of approval and qualification as a SRI fund.