SC Scorecard Q4 2014 & Statistics of Submissions Approved by the SC in Q4 2014

A. Corporate Submissions to the SC – Q4 2014

Table 1: Status of Substantive Applications as at 31 December 2014

Applications	Total
Balance brought forward from Q3 2014	32
Add: Applications received in Q4 2014	30
Total applications	62
Less: Applications Considered in Q4 2014	(36)
Less: Applications Withdrawn in Q4 2014	(0)
Balance carried forward to Q1 2015	26

Table 2: Substantive Applications Considered/Withdrawn in Q4 2014

Type of Applications	Considered			Withdrawn	Total
Type of Applications	Approved	Not Approved	Returned	Withdrawn	Total
Initial Public Offering Main Market	2	–	–	–	2
Acquisition/Reverse Take-Overs and Restructurings	2	–	–	–	2
Transfer from ACE Market to Main Market	2	–	–	–	2
Private Debt Securities (PDS)	30	–	–	–	30
TOTAL	36	–	–	–	36

Table 3: Processing Turnaround Time for Substantive Applications Considered in Q4 2014

Total Substantive Applications Considered	Within Time Charter*		Exceed Time Charter
Total Substantive Applications Considered	No.	%	No.	%
36	36	100	–	–

Note:

* 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
PDS and sukuk: Deemed approval or 14 working days.

B. Corporate Applications Approved by the SC – Q4 2014

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

Type of Applications	No. of Applications Approved/Lodged
Type of Applications	Q4 2014	Q3 2014	Q4 2013
Initial Public Offerings Main Market	2	1	–
Acquisition, Reverse Take-Overs and Back-Door Listings	2	–	1
Transfers from ACE Market to Main Market	2	–	–
Secondary Listing	30	28	37
Others	–	–	–
TOTAL	36	29	38

ii) Private Debt Securities (PDS)

Table 5: Approved and Lodged Ringgit-denominated Issues

Type	Q4 2014		Q3 2014		Q4 2013
Type	No. of issues	Size (RM mil)	No. of issues	Size (RM mil)	No. of issues	Size (RM mil)
Conventional PDS	12⁽¹⁾	4,809.71	8	17,241.66	14	13,683.49
Sukuk	12	24,870.00	11	8,435.00	18	64,995.00
Combination⁽²⁾	2	20,000.00	–	–	2	500.00
Total	26	49,679.71	19	25,676.66	34	79,178.49

Note:

⁽¹⁾ Include 1 multi-currency issue amounting to RM1.0 billion.

⁽²⁾ Combination of sukuk and conventional notes.

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

Type	Q4 2014		Q3 2014		Q4 2013
Type	No. of issues	Size	No. of issues	Size	No. of issues	Size
Conventional PDS	–	–	1⁽¹⁾	USD2.5 billion	–	–
Sukuk	3⁽²⁾	USD125.5 million	4⁽²⁾	USD480.0 million	3⁽²⁾	USD10.1 billion
Sukuk	3⁽²⁾	USD125.5 million	1⁽²⁾	EUR33.0 million	3⁽²⁾	USD10.1 billion
Total	3	USD125.5 million	1	EUR33.0 million	3	USD10.1 billion
Total	3	USD125.5 million	5	USD3.0 billion	3	USD10.1 billion

Note:

⁽¹⁾Multi-currency issue.
⁽²⁾ Offerings in Malaysia were part of global offerings.

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

Type	Q4 2014		Q3 2014		Q4 2013
Type	No. of issues	Size (RM mil)	No. of issues	Size (RM mil)	No. of issues	Size (RM mil)
Conventional PDS	–	–	3⁽¹⁾	USD15.0 billion	–	–
Sukuk	1⁽¹⁾	USD2.5 billion	–	–	–	–
Total	1	USD2.5 billion	3	USD15.0 billion	–	–

Note:

⁽¹⁾ Multi-currency issues.

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 2014	Q3 2014	Q4 2013
Clearance of offer document⁽¹⁾	5	3	12
Clearance of independent advice circular	9	2	14
Exemption from mandatory offer obligation	4	4	9
Others⁽²⁾	5	13	9
Total	23	22	44

Note:

⁽¹⁾ Including documents relating to schemes for control.
⁽²⁾Including the eligibility to act as independent adviser for take-over proposals, rulings, 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 2014	Q3 2014	Q4 2013
Establishment of new collective investment schemes	20	29	19
Establishment of retirement funds	2	0	5
Increase in fund size	1	1	0
Exemption/variation from Guidelines⁽¹⁾	1	2	6
Other applications⁽²⁾	20	14	25
Total	44	46	55

Note:

⁽¹⁾ Excludes applications submitted through the establishment of new schemes.
⁽²⁾Includes applications for variation to proposal, change of trustee, clearance of audit scope, extension of time and in relation to online activities.