SC Scorecard Q4 2015 & Statistics of Submissions Approved by the SC in Q4 2015

A. Corporate Submissions to the SC – Q4 2015

Table 1: Status of Substantive Applications as at 31 December 2015

Applications	Total
Balance brought forward from Q2 2015	9
Add: Applications received in Q3 2015	5
Total applications	14
Less: Applications Considered in Q3 2015	(7)
Less: Applications Withdrawn in Q3 2015	(-)
Balance carried forward to Q4 2015	7

Table 2: Substantive Applications Considered/Withdrawn/Lodged in Q4 2015

Type of Applications	Considered			Withdrawn	Lodged	Total
Type of Applications	Approved/ Authorised	Not Approved	Returned	Withdrawn	Lodged	Total
Initial Public Offering Main Market	3	–	–	–	–	3
Reverse Take-Overs and Back-Door Listings	1	–	–	–	–	1
Transfer from ACE Market to Main Market	–	–	–	–	–	–
Offering of Securities	1	–	–	–	–	1
Private Debt Securities (PDS) and Sukuk	2	–	–	–	13	15
TOTAL	7	–	–	–	13	20

Table 3: Processing Turnaround Time for Substantive Applications Considered in Q4 2015

Total Substantive Applications Considered	Within Time Charter*		Exceed Time Charter
Total Substantive Applications Considered	No.	%	No.	%
7	6	86	1	14

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 2015

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

Type of Applications	No. of Applications Approved/Lodged
Type of Applications	Q4 2015	Q3 2015	Q4 2014
Initial Public Offerings Main Market	3	2	2
Reverse Take-Overs and Back-Door Listings	1	1	2
Transfers from ACE Market to Main Market	–	–	2
Offering of securities	1	–	–
PDS and sukuk	15	11	30
TOTAL	20	14	36

ii) Private Debt Securities (PDS) and Sukuk

Table 5: Approved and lodged ringgit-denominated issues

Type of Applications	Q4 2015		Q3 2015		Q4 2014
Type of Applications	No. of issues	Size (RM mil)	No. of issues		No. of issues	Size (RM mil)
Conventional bonds	6	32,404.00	4	14,000.00	12⁽¹⁾	4,809.71
Sukuk	7⁽²⁾	10,664.00	5	14,410.00	12	24,870.00
Combination	–	–	–	–	2	20,000.00
Total	13	43,068.00	9	28,410.00	26	49,679.71

Note:

⁽¹⁾ Include one multi-currency issue amounting to RM1.0 billion.
⁽²⁾ Include one multi-currency issue amounting to RM5.0 billion.

Table 6: Approved and lodged foreign currency-denominated issues by foreign corporations

Type of Applications	Q4 2015		Q3 2015		Q4 2014
Type of Applications	No. of issues	Size (US$ mil)	No. of issues	Size (US$ mil)	No. of issues	Size (US$ mil)
Conventional PDS	1⁽¹⁾	42.50	1⁽¹⁾	31.50	–	–
Sukuk	1	15,000.00	–	–	3⁽¹⁾	125.50
Combination	–	–	–	–	–	–
Total	2	15,042.50	1	31.50	3	125.50

Note:

⁽¹⁾Offerings in Malaysia were part of global offerings.

Table 7: Approved and lodged foreign currency-denominated issues by Malaysian issuers

Type of Applications	Q4 2015		Q3 2015		Q4 2014
Type of Applications	No. of issues	Size (US$ mil)	No. of issues	Size (US$ mil)	No. of issues	Size (US$ mil)
Conventional PDS	–	–	1	120.00	–	–
Sukuk	–	–	–	–	1⁽¹⁾	2,500.00
Combination	–	–	–	–	–	–
Total	–	–	1	120.00	1	2,500.00

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 2015	Q3 2015	Q4 2014
Clearance of offer document⁽¹⁾	5	7	5
Clearance of independent advice circular	6	7	9
Exemption from mandatory offer obligation	0	2	4
Others⁽²⁾	2	4	5
Total	13	20	23

Note:

⁽¹⁾ Including documents relating to schemes for control.
⁽²⁾ Including the eligibility to act as independent adviser for take-over proposals, ruling, ancillary applications and exemption from the Code provisions.

iv) Collective Investment Schemes, Private Retirement Schemes & Foreign ASEAN CIS

Table 9: Number of Applications Approved Relating to Unit Trusts, Other Collective Investment Schemes, Private Retirement Schemes and Foreign ASEAN CIS

Type	Number of Applications Approved
Type	Q4 2015	Q3 2015	Q4 2014
Establishment of new collective investment schemes	7	8	20
Establishment of retirement funds	0	1	2
Recognition of foreign ASEAN CIS	1	0	0
Increase in fund size	2	0	1
Exemption/variation from Guidelines⁽¹⁾	4	1	1
Other applications⁽²⁾	22	18	20
Total	36	28	44

Note:

⁽¹⁾ Excludes applications submitted together with the establishment of new schemes.
⁽²⁾ Includes applications for variation to proposal, renewal of trustee’s registration, application to act as adviser under Guidelines for the Offering, Marketing and Distribution of Foreign Funds, clearance of audit scope, extension of time and application in relation to online activities.