SC Scorecard Q4 2023 & Statistics of Submissions Approved by the SC in Q4 2023

A. Corporate Submissions to the SC – Q4 2023

Table 1: Status of Substantive Applications as at at 31 December 2023

Applications	Equities	Corporate Bonds and Sukuk	Total
Balance brought forward from Q3 2023	9	1	10
Add: Applications received in Q4 2023	7	14	21
Total applications	16	15	31
Less: Applications Considered/Lodged in Q4 2023	(6)	(15)	(21)
Less: Applications Withdrawn in Q4 2023	(1)	-	(1)
Balance carried forward to Q1 2024	9	-	9

Table 2: Substantive Applications Considered/Withdrawn/Lodged in Q4 2023

Type of Applications	Considered			Withdrawn	Lodged	Total
Type of Applications	Approved	Not Approved	Returned	Withdrawn	Lodged	Total
IPO – Main Market	3	-	-	-	-	3
Acquisition, reverse take-overs and back- door listings	-	-	-	1	-	1
Transfer from ACE Market to Main Market	3	-	-	-	-	3
Corporate bonds and sukuk	1	-	-	-	14	15
TOTAL	7	-	-	1	14	22

Table 3: Processing Turnaround Time for Substantive Applications Considered in Q4 2023

Total Substantive Applications Considered	Approved	Lapsed	Rejected	Processing Time	Time Charter
6	6	-	-	2 – 5 months	Within	Exceed
6	6	-	-	2 – 5 months	98%	-

* Based on number of queries issued.
Time charter for substantive application:
first round of query raised within 10 MDs from receipt of complete submission; and
subsequent queries raised within 5 MDs from receipt of complete replies.

B. Corporate Applications Approved by the SC – Q4 2023
i) Applications Approved/Lodged
Table 4: Number of Applications Approved/Lodged

Type of Applications	No. of Applications Approved/Lodged
Type of Applications	Q4 2023	Q3 2023	Q4 2022
Initial Public Offerings - Main Market	3	2	4
Acquisition, Reverse Take-Overs and Back-Door Listings	-	-	1
Transfers from ACE Market to Main Market	3	2	3
Corporate bonds and sukuk	15	28	19
TOTAL	21	32	27

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

Type of Applications	Q4 2023		Q3 2023		Q4 2022
Type of Applications	No. of issues	Size (RM mil)	No. of issues	Size (RM mil)	No. of issues	Size (RM mil)
Conventional bonds	7	12,170.58	10	47,462.88	6	2,564.48
Sukuk	8	19,795.00	17	48,288.00	11	79,700.00
Combination⁽¹⁾	-	-	-	-	2	20,000.00
Total	15	31,965.58	27	95,750.88	19	102,264.48

Note:

⁽¹⁾ Combination of sukuk and conventional bonds.

Table 6: Approved and Lodged Foreign Currency-Denominated Issues by Foreign Corporations

Type of Applications	Q4 2023		Q3 2023		Q4 2022
Type of Applications	No. of issues	Size (US$ mil)	No. of issues	Size (US$ mil)	No. of issues	Size (US$ mil)
Conventional bonds	-	-	-	-	-	-
Sukuk	-	-	1	35,000.00	-	-
Combination⁽¹⁾	-	-	-	-	-	-
Total	-	-	1	35,000.00	-	-

Note:

⁽¹⁾ Combination of sukuk and conventional bonds.

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

Type of Applications	Q4 2023		Q3 2023		Q4 2022
Type of Applications	No. of issues	Size (USD mil)	No. of issues	Size	No. of issues	Size
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 2023	Q3 2023	Q4 2022
Clearance of offer/scheme documents¹	4	2	8
Offers Schemes	3 1	2 -	8 0
Total offer/scheme value	RM4.58b	RM0.13b	RM1.13b
Clearance of independent advice circulars	6	2	12
Offers/schemes Whitewash exemptions	4 2	1 1	9 3
Clearance of circulars for whitewash exemption	2	1	1
Applications for exemption from mandatory offer obligation	0	12	1
Whitewash exemptions Others	0 0	3 9	1 0
Other applications²	11	1	3
TOTAL APPLICATIONS CONSIDERED	23	18	25

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.

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 2023	Q3 2023	Q4 2022
Establishment of new collective investment schemes	5	7	9
Establishment of retirement funds	3	1	1
Recognition of foreign ASEAN CIS	0	0	0
Exemption/variation from Guidelines¹	2	1	1
Other applications	4²	8	7
Total	14	17	18

Note:

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