SC Scorecard Q4 2016 & Statistics of Submissions Approved by the SC in Q4 2016

A. Corporate Submissions to the SC – Q4 2016

Table 1: Status of Substantive Applications as at 31 December 2016

Applications	Total
Balance brought forward from Q3 2016	5
Add: Applications received in Q4 2016	4
Total applications	9
Less: Applications Considered in Q4 2016	(5)
Less: Applications Withdrawn in Q4 2016	(-)
Balance carried forward to Q1 2017	4

Table 2: Substantive Applications Considered/Withdrawn/Lodged in Q4 2016

Type of Applications	Considered			Withdrawn	Lodged	Total
Type of Applications	Approved	Not Approved	Returned	Withdrawn	Lodged	Total
Initial Public Offering Main Market	2	–	–	–	–	2
Acquisition, Reverse Take-Overs and Back-Door Listings	2	–	–	–	–	2
Transfer from ACE Market to Main Market	–	–	–	–	–	–
Corporate bonds and sukuk	1	–	–	–	21	22
TOTAL	5	–	–	–	21	26

Table 3: Processing Turnaround Time for Substantive Applications Considered in Q4 2016

Total Substantive Applications Considered	Within Time Charter*		Exceed Time Charter
Total Substantive Applications Considered	No.	%	No.	%
5	5	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
Issuance of corporate bonds and sukuk to retail investors (inclusive of the registration of the prospectus) is 40 working days.

B. Corporate Applications Approved by the SC – Q4 2016

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

Type of Applications	No. of Applications Approved/Lodged
Type of Applications	Q4 2016	Q3 2016	Q4 2015
Initial Public Offerings Main Market	2	2	3
Acquisition, Reverse Take-Overs and Back-Door Listings	2	1	1
Transfers from ACE Market to Main Market	–	–	–
Offering of securities	–	–	1
Corporate bonds and sukuk	22	8	15
TOTAL	26	11	20

ii) Corporate bonds and sukuk

Table 5: Approved and lodged ringgit-denominated issues

Type of Applications	Q4 2016		Q3 2016		Q4 2015
Type of Applications	No. of issues	Size (RM mil)	No. of issues		No. of issues	Size (RM mil)
Conventional bonds	11	26,856.27	3	15,120.00	6	32,404.00
Sukuk	10	25,289.00	4	4,450.00	7 ⁽¹⁾	10,664.00
Combination⁽²⁾	–	–	–	–	–	–
Total	21	52,145.27	7	19,570.00	13	43,068.00

Note:

⁽¹⁾ Include one multi-currency issue amounting to RM5.0 billion.
⁽²⁾ Combination of sukuk and conventional notes.

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

Type of Applications	Q4 2016		Q3 2016		Q4 2015
Type of Applications	No. of issues	Size (US$ mil)	No. of issues	Size (US$ mil)	No. of issues	Size (US$ mil)
Conventional bonds	–	–	–	–	1⁽¹⁾	42.50
Sukuk	–	–	–	–	1	15,000.00
Combination	–	–	–	–	–	–
Total	–	–	–	–	2	15,042.50

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 2016		Q3 2016		Q4 2015
Type of Applications	No. of issues	Size (US$ mil)	No. of issues	Size (US$ mil)	No. of issues	Size (US$ mil)
Conventional bonds	–	–	1	80.00⁽¹⁾	–	–
Sukuk	1⁽²⁾	2,500.00	–	–	–	–
Combination	–	–	–	–	–	–
Total	1	2,500.00	1	80.00	–	–

Note:

⁽¹⁾ Equivalent in Thai Baht.
⁽²⁾ Multi-currency issue.

(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	Q4 2016	Q3 2016	Q4 2015
Clearance of offer document⁽¹⁾	8	5	5
Clearance of independent advice circular⁽²⁾	11	7	6
Exemption from mandatory offer obligation	2	2	–
Others⁽²⁾	7	5	2
Total	28	19	13

Note:

⁽¹⁾ Including documents relating to schemes for control.
⁽²⁾ Including independent advice circulars for whitewash exemptions.
⁽³⁾ Including rulings and exemptions from the provisions of Malaysian Code on Take-overs and Mergers 2010, Malaysian Code on Take-overs and Mergers 2016/ Rules on Take-overs, Mergers and Compulsory Acquisitions (as the case may be) and other ancillary applications.

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 2016	Q3 2016	Q4 2015
Establishment of new collective investment schemes	2	11	7
Establishment of new private retirement funds	–	–	–
Recognition of foreign ASEAN CIS	–	–	1
Increase in fund size	–	4	2
Exemption/variation from Guidelines⁽¹⁾	23	9	4
Other applications	11⁽²⁾	9	22
Total	36	33	36

Note:

⁽¹⁾ Excludes applications submitted together with the establishment of new schemes.
⁽²⁾ Includes applications for renewal of trustee’s registration, variation to proposal and extension of time.