SC Scorecard Q4 2017 & Statistics of Submissions Approved by the SC in Q4 2017

A. Corporate Submissions to the SC – Q4 2017

Table 1: Status of Substantive Applications as at 31 December 2017

Applications	Total
Balance brought forward from Q3 2017	4
Add: Applications received in Q4 2017	2
Total applications	6
Less: Applications Considered in Q4 2017	(2)
Less: Applications Withdrawn in Q4 2017	(-)
Balance carried forward to Q1 2018	4

Table 2: Substantive Applications Considered/Withdrawn/Lodged in Q4 2017

Type of Applications	Considered			Withdrawn	Lodged	Total
Type of Applications	Approved	Not Approved	Returned	Withdrawn	Lodged	Total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	–	–	–	–	–	–
Transfer from ACE Market to Main Market	–	–	–	–	–	–
Corporate bonds and sukuk	–	–	–	–	27	27
TOTAL	–	–	–	–	27	29

Table 3: Processing Turnaround Time for Substantive Applications Considered in Q4 2017

Total Substantive Applications Considered	Within Time Charter*		Exceed Time Charter
Total Substantive Applications Considered	No.	%	No.	%
2	2	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 2017

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

Type of Applications	No. of Applications Approved/Lodged
Type of Applications	Q4 2017	Q3 2017	Q4 2016
Initial Public Offerings Main Market	2	–	2
Acquisition, Reverse Take Overs and Back-Door Listings	–	1	2
Transfers from ACE Market to Main Market	–	1	–
Secondary listing	–	–	–
Corporate bonds and sukuk	27	22	22
TOTAL	29	24	26

ii) Corporate bonds and sukuk

Table 5: Approved and lodged ringgit-denominated issues

Type of Applications	Q4 2017		Q3 2017		Q4 2016
Type of Applications	No. of issues	Size (RM mil)	No. of issues	No. of issues	No. of issues	Size (RM mil)
Conventional bonds	11	42,685.00	9	9,599.00	10	26,757.00
Sukuk	16	46,975.00	12	18,919.00	10	25,289.00
Combination⁽¹⁾	–	–	–	–	–	–
Total	27	89,660.00	21	28,518.00	20	52,046.00

Note:

⁽¹⁾ Combination of sukuk and conventional notes.

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

Type of Applications	Q4 2017		Q3 2017		Q4 2016
Type of Applications	No. of issues	Size (USD mil)	No. of issues	Size (USD mil)	No. of issues	Size (USD mil)
Conventional bonds	–	–	1⁽¹⁾	500.00	–	–
Sukuk	–	–	–	–	–	–
Combination	–	–	–	–	–	–
Total	–	–	1	500.00	–	–

Note:

⁽¹⁾Multi-currency issue.

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

Type of Applications	Q4 2017		Q3 2017		Q4 2016
Type of Applications	No. of issues	Size (mil)	No. of issues	Size (mil)	No. of issues	Size (mil)
Conventional bonds	–	–	–	–	–	–
Sukuk	–	–	–	–	1	2,500.00
Combination	–	–	–	–	–	–
Total	–	–	–	–	1	2,500.00

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 2017	Q3 2017	Q4 2016
Clearance of offer document⁽¹⁾	11	1	8
Clearance of independent advice circular⁽²⁾	11	7	11
Exemption from mandatory offer obligation	6	7	2
Others⁽³⁾	9	2	7
Total	37	17	28

Note:

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

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 2017	Q3 2017	Q4 2016
Establishment of new collective investment schemes	9	16	2
Establishment of new private retirement funds	0	0	0
Recognition of foreign ASEAN CIS	0	0	0
Increase in fund size	2	0	0
Exemption/variation from Guidelines¹	11	9	23
Other applications	81	9	11
Total	30	34	36

Note:

¹ Excludes applications submitted together with the establishment of new schemes.
² Includes applications for extension of time, clearance of audit scope and application in relation to online activities.