SC Scorecard Q4 2013 & Statistics of Submissions Approved by the SC in Q4 2013
A. Corporate Submissions to the SC – Q4 2013
Table 1: Status of Substantive Applications as at 31 December 2013
Applications   

Total

Balance brought forward from Q3 2013

26

Add: Applications received in Q4 2013

27

Total applications

53

Less: Applications Considered in Q4 2013

(39)

Less: Applications Withdrawn in Q4 2013

(1)

Balance carried forward to Q1 2014

13

Table 2: Substantive Applications Considered/Withdrawn in Q4 2013

Type of Applications

Considered

Withdrawn Total

Approved

Not Approved

Returned

Initial Public Offering

Main Market

1

1

Reverse Take-Overs  and Restructurings

1

1

Transfer from ACE Market to Main Market

Private Debt Securities (PDS)

37

1

38

Others

TOTAL

38

1

1

40

Table 3: Processing Turnaround Time for Substantive Applications Considered in Q4 2013

Total Substantive
Applications Considered

 

Within Time Charter*

Exceed Time Charter

No.

%

No.

%

39

38

97

1

3

Note:
(1) The SC time charter for processing is computed from the date complete information is received up to the date of the decision letter. Time charter is applicable to the following applications:
  • Initial public offerings (IPOs) and acquisitions of assets resulting in a significant change in the business direction/policy of a listed company: 52 working days; 
  • Large capitalisation IPO applications and transfer of listing from the ACE Market to the Main Market of Bursa Malaysia: 32 working days; and
  • Private debt securities and sukuk: Deemed approval/authorisation or 14 working days
(2) Main reasons for exceeding time charter are the need for further explanation/clarification on certain pertinent issues and for enhanced disclosures.
B. Corporate Applications Approved by the SC – Q4 2013
i) Applications Approved and Lodged

Table 4: Number of Applications Approved


Type of Applications

No. of Applications Approved/Lodged

Q4 2013

Q3 2013

Q4 2012

Initial Public Offerings

Main Market

5

6

Reverse Take-Overs and Back-Door Listings

1

1

Transfers from ACE Market to Main Market

1

Private Debt Securities (PDS)

37

24

26

Others

6

TOTAL

38

30

39

ii) Corporate bonds and sukuk
Table 5: Approved and authorised ringgit-denominated issues

Type

Q4 2013

Q3 2013

Q4 2012

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

Conventional PDS

14

13,683.49

11(1)

14,494.41

9

2,216.15

Sukuk

18

64,995.00

8

8,165.00

17

21,518.38

Combination(2)

2

500.00

Total

34

79,178.49

19

22,659.41

26

23,734.53

Note: 
(1) Include 1 multi-currency issue amounting to RM1.0 billion.
(2)Combination of sukuk and conventional notes.
Table 6: Authorised foreign currency-denominated issues by foreign corporations

Type

Q4 2013

Q3 2013

Q4 2012

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

Conventional bonds

Sukuk

3(1)

USD10.1 billion

3(2)

USD12.1 billion

Combination

Total

3

USD10.1 billion

3

USD12.1 billion

Note: 
(1) Comprise 1 multi-currency issue amounting to USD10.0 billion, 1 global offering amounting to USD70.0 million and 1 global offering which has yet to finalise the offer size at the point of authorisation.
(2) Comprise 1 multi-currency issue amounting to USD12.0 billion and 2 global offerings amounting to USD77.2 million.
Table 7: Approved and Authorised foreign currency-denominated issues by Malaysian Issuers

Type

Q4 2013

Q3 2013

Q4 2012

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

Conventional PDS

1(1)

USD2.0 billion

Sukuk

1(1)

USD1.0 billion

Combination

Total

2

USD3.0 billion

Note: 
(1) Multi-currency issue.
iii) Take-Overs & Mergers
Table 8: Number of Submissions Considered under the Malaysian Code on Take-overs and Mergers 2010

Type

Number of Submissions Considered

Q4 2013

Q3 2013

Q4 2012

Clearance of offer document(1)

12

8

6

Exemption from mandatory offer obligation

14

7

10

Clearance of independent advice circular

9

8

0

Others(2)

9

14

11

Total

44

37

36

Note:
(1) Including documents relating to schemes for control under the Companies Act 1965.
(2)Including rulings, eligibility to act as independent adviser for take-over proposals, ancillary applications and other related decisions.

iv) Collective Investment Schemes & Private Retirement Schemes
Table 9: Number of Applications Approved Relating to Unit Trusts, Other Collective Investment Schemes and Private Retirement Schemes


Type

Number of Applications Approved

Q4
2013

Q3
2013

Q4
2012

Establishment of new collective investment schemes

19

22

29

Establishment of retirement funds

5

3

8

Increase in fund size

0

1

35

Exemption/variation from Guidelines(1)

6

5

5

Other applications(2)

25

17

16

Total

55

48

93

Note:
(1) Excludes applications submitted through the establishment of new schemes.
(2) Including applications for change of trustee, extension of time, change of management company and clearance of audit scope.
C. Licensing

Table 10: Status of Licensing Applications

New licence application

Received

Withdrawn

Returned

Considered

Approved

Rejected

Pending

Representative

285

8

11

266

251

0

15

Corporation

11

0

0

11

6

0

5

Individual

0

0

0

0

0

0

0

Total

296

8

11

277

257

0

20

Note:
(1) Includes licence for 1 individual
(2) Includes licence for 8 individuals
Table 11: Processing Turnaround Time for Licensing Applications

New licence application

Within time charter

Exceeds time charter

Subtotal

Exception

Total approved

Total

%

Total

%

Total

%

Representative

251

100

0

0

251

0

0

251

Corporation

6

100

0

0

6

0

0

6

Individual

0

0

0

0

0

0

0

0

Total

257

100

0

0

257

0

0

257

Table 12: Processing Turnaround Time for Licensing Applications in Q2, 2014

New licence application

 

Within time charter

Exceeds time charter

Subtotal

Exception

Total approved

Total

%

Total

%

Total

%

Representative

271

100

0

0

271

0

0

271

Corporation

3

100

0

0

3

0

0

3

Individual

0

0

0

0

0

0

0

0

Total

274

100

0

0

274

0

0

274

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