SC Scorecard Q4 2018 & Statistics of Submissions Approved by the SC in Q4 2018
A. Corporate Submissions to the SC – Q4 2018
Table 1: Status of Substantive Applications as at 31 December 2018
Applications   

Equities

Corporate Bonds and Sukuk

Total

Balance brought forward from Q3 2018

6

1

7

Add: Applications received in Q4 2018

3

13

16

Total applications

9

14

23

Less: Applications Considered in Q4 2018

(5)

(14)

(19)

Less: Applications Withdrawn in Q4 2018

(-)

(-)

(-)

Balance carried forward to Q1 2019

4

-

4

Table 2: Substantive Applications Considered/Withdrawn/Lodged in Q4 2018

Type of Applications

Considered

Withdrawn Lodged Total

Approved

Not Approved

Returned

Initial Public Offering

  • Main Market

2

-

-

-

-

2

Acquisition, Reverse Take-Overs  and Back-Door Listings

-

-

-

-

-

-

Transfer from ACE Market to Main Market

3

-

-

-

-

3

Corporate bonds and sukuk

1

-

-

-

13

14

TOTAL

6

-

-

-

13

19

Table 3: Processing Turnaround Time for Substantive Applications Considered in Q4 2018

Total Substantive Applications Considered

Within Time Charter*

Exceed Time Charter

No.

%

No.

%

6

6

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 2018
i) Applications Approved/Lodged
Table 4: Number of Applications Approved/Lodged


Type of Applications

No. of Applications Approved/Lodged

Q4 2018

Q3 2018

Q4 2017

Initial Public Offerings

  • Main Market

2

2

2

Acquisition, Reverse Take-Overs and Back-Door Listings

-

-

-

Transfers from ACE Market to Main Market

3

-

-

Corporate bonds and sukuk

14

20

27

TOTAL

19

22

29

ii) Corporate Bonds and Sukuk
Table 5: Approved and Lodged Ringgit-Denominated Issues


Type of Applications

Q4 2018

Q3 2018

Q4 2017

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

Conventional bonds

3

1,615.08

10

10,551.80

11

42,685.00

Sukuk

11

13,530.00

10

22,550.00

16

46,975.00

Combination(1)

-

-

-

-

-

-

Total

14

15,145.08

20

33,101.80

27

89,660.00

Note: 
(1) Combination of sukuk and conventional notes.
Table 6: Approved and Lodged Foreign Currency-Denominated Issues by Foreign Corporations

Type of Applications

Q4 2018

Q3 2018

Q4 2017

No. of issues

Size
(USD mil)

No. of issues

Size
(USD mil)

No. of issues

Size
(USD mil)

Conventional bonds

-

-

-

-

-

-

Sukuk

-

-

-

-

-

-

Combination

-

-

-

-

-

-

Total

-

-

-

 -

-

-

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

Type of Applications

Q4 2018

Q3 2018

Q4 2017

No. of issues

Size (mil)

No. of issues

Size (mil)

No. of issues

Size (mil)

Conventional bonds

-

-

-

-

-

-

Sukuk

-

-

-

-

-

-

Combination

-

-

-

-

-

-

Total

-

-

-

-

-

-

iii) Take-Overs & Mergers
Table 8: Number of Submissions Considered in Relation to Take-overs, Mergers and Compulsory Acquisitions


Type

Number of Submissions Considered

Q4 2018

Q3 2018

Q4 2017

Clearance of offer document(1)

5

5

11

Clearance of independent advice circular(2)

8

4

11

Exemption from mandatory offer obligation

5

4

6

Others(3)

2

4

9

Total

20

17

37

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

Q4
2018

Q3
2018

Q4
2017

Establishment of new collective investment schemes

11

15

9

Establishment of retirement funds

0

0

0

Recognition of foreign ASEAN CIS

0

0

0

Increase in fund size

0

0

2

Exemption/variation from Guidelines(1)

1

4

2*

Other applications

6(2)

14

17

Total

18

33

30

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.
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