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Less: Applications Withdrawn in Q4 2013	(1)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Table 2: Substantive Applications Considered/Withdrawn in Q4 2013

Type of Applications	Considered			Withdrawn	Total
Type of Applications	Approved	Not Approved	Returned	Withdrawn	Total
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
Total Substantive Applications Considered	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
Type of Applications	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
Type	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
Type	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
Type	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
Type	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
Type	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	Pending
Representative	285	8	11	266	251	15
Corporation	11	0	0	11	6	5
Individual	0	0	0	0	0	0
Total	296	8	11	277	257	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
New licence application	Total	%	Total	%	Subtotal	Total	%	Total approved
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	%	Subtotal	Total	%	Total approved
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