SC Scorecard Q4 2022 & Statistics of Submissions Approved by the SC in Q4 2022

A. Corporate Submissions to the SC – Q4 2022

Table 1: Status of Substantive Applications as at 31 December 2022

Applications	Equities	Corporate Bonds and Sukuk	Total
Balance brought forward from Q3 2022	12	-	12
Add: Applications received in Q4 2022	5	19	24
Total applications	17	19	36
Less: Applications Considered/Lodged in Q4 2022	(8)	(19)	(27)
Less: Applications Withdrawn/Lapsed in Q4 2022	(2)	-	(2)
Balance carried forward to Q1 2023	7	-	7

Table 2: Substantive Applications Considered/Withdrawn/Lodged in Q4 2022

Type of Applications	Considered			Withdrawn	Lapsed	Lodged	Total
Type of Applications	Approved	Not Approved	Returned	Withdrawn	Lapsed	Lodged	Total
IPO – Main Market	4	-	-	-	1	-	5
Acquisition, reverse take-overs and back- door listings	1	-	-	1	-	-	2
Transfer from ACE Market to Main Market	3	-	-	-	-	-	3
Corporate bonds and sukuk	1	-	-	-	-	18	19
TOTAL	9	-	-	1	1	18	29

Table 3: Processing Turnaround Time for Substantive Applications Considered in Q4 2022

Total Substantive Applications Considered	Within Time Charter*		Exceed Time Charter
Total Substantive Applications Considered	No. of queries issued	%	No. of queries issued	%
8	8	100	-	-

Note:

* For each substantive application, the first round of query was raised within the internal time charter of 10 MDs from receipt of submission as well as all subsequent rounds of queries were raised within the internal time charter of 5 MDs from receipt of complete replies.

Corporate Applications Approved by the SC – Q4 2022
i) Applications Approved/Lodged
Table 4: Number of Applications Approved/Lodged

Type of Applications	No. of Applications Approved/Lodged
Type of Applications	Q4 2022	Q3 2022	Q4 2021
IPO – Main Market	4	1	5
Acquisition, reverse take-overs and back-door listings	1	1	-
Transfers from ACE Market to Main Market	3	2	1
Corporate bonds and sukuk	19	17	29
TOTAL	27	21	35

ii) Corporate Bonds and Sukuk
Table 5: Approved/lodged ringgit-denominated issuess

Type of Applications	Q4 2022		Q3 2022		Q4 2021
Type of Applications	No. of issues	Size (RM mil)	No. of issues	Size (RM mil)	No. of issues	Size (RM mil)
Conventional bonds	6	2,564.48	4	7,050.00	5	3,392.62
Sukuk	11	79,700.00	13	14,770.00	20	58,250.06
Combination⁽¹⁾	2	20,000.00	-	-	4	2,000.00
Total	19	102,264.48	17	21,820.00	29	63,642.68

Note:

⁽¹⁾ Combination of sukuk and conventional bonds.

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

Type of Applications	Q4 2022		Q3 2022		Q4 2021
Type of Applications	No. of issues	Size (US$ mil)	No. of issues	Size (US$ mil)	No. of issues	Size (US$ mil)
Conventional bonds	-	-	-	-	-	-
Sukuk	-	-	-	-	-	-
Combination⁽¹⁾	-	-	-	-	-	-
Total	-	-	-	-	-	-

Note:

⁽¹⁾ Combination of sukuk and conventional bonds.

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

Type of Applications	Q4 2022		Q3 2022		Q4 2021
Type of Applications	No. of issues	Size (JPY mil)	No. of issues	Size (JPY mil)	No. of issues	Size (JPY mil)
Conventional bonds	-	-	-	-	-	-
Sukuk	-	-	-	-	-	-
Combination⁽¹⁾	-	-	-	-	-	-
Total	-	-	-	-	-	-

Note:

⁽¹⁾ Combination of sukuk and conventional bonds.

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 2022	Q3 2022	Q4 2021
Clearance of offer/scheme documents¹	8	4	3
Offers Schemes	8 0	3 1	3 0
Total offer/scheme value	RM1.13b	RM0.63b	RM0.63b
Clearance of independent advice circulars	12	6	5
Offers/schemes Whitewash exemptions	9 3	4 2	3 2
Clearance of circulars for whitewash exemptions#	1	1	-
Applications for exemption from mandatory offer obligation	1	3	6
Whitewash exemptions Others	1 0	3 0	1 5
Other applications²	3	4	1
TOTAL APPLICATIONS CONSIDERED	25	18	15

Note:

¹ Including documents relating to schemes for control and compensation scheme documents, where applicable.
² Refers to all other applications under the CMSA, Code and Rules.
^* The independent advice circular in relation to one of the take-over offers for which the offer document was cleared in Q2 2022, is pending clearance by the SC as at 30 June 2022.
^# Pursuant to the revised Rules on 28 December 2021, circulars for whitewash exemptions must be submitted to the SC for its comments and clearance on the contents relating to the whitewash exemptions.

iv) CIS, PRS and Foreign ASEAN CIS

Table 9: Number of applications approved relating to unit trusts, other CIS, PRS and Foreign ASEAN CIS

Type	Number of Applications Approved
Type	Q4 2022	Q3 2022	Q4 2021
Establishment of new collective investment schemes	9	14	27
Establishment of retirement funds	1	12	1
Recognition of foreign ASEAN CIS	0	0	0
Exemption/variation from Guidelines⁽¹⁾	1	0	8
Other applications	7²	6	14
Total	18	32	50

Note:

¹ Excludes applications submitted together with the establishment of new schemes.
² Includes applications in relation to online activities, extension of time and qualification as a SRI fund.