CAPITAL MARKET STATISTICS


SC Scorecard Q1 2012
&
Statistics of Submissions Approved by the SC in Q1 2012



A. Corporate Submissions to the SC – Q1 2012


Table 1: Status of Substantive Applications as at 31 March 2012

























Applications


Total


Balance brought forward from Q4 2011


12


Add: Applications received in Q1 2012


19


Total applications


31


Less: Applications Considered in Q1 2012


(22)


Less: Applications Withdrawn in Q1 2012


(-)


Balance carried forward to Q2 2012


9



Table 2: Substantive Applications Considered/Withdrawn in Q1 2012























































Type of Applications


Considered



Withdrawn


Total


Approved


Rejected


Returned

Initial Public Offering



  • Main Market

1





1

Reverse Take-Overs and Restructurings


2





2

Transfer from ACE Market to Main Market






Private Debt Securities


16





16

Others


3





3

TOTAL


22





22



Table 3: Processing Turnaround Time for Substantive Applications Considered in Q1 2012























Substantive Applications


Within Time Charter1


Exceed Time Charter


Total


No.


%


No.


%


No.


%

19

86

3

14

22

100







(1)


The SC time charter for processing is computed from the date of receipt of complete information on the application up to the date of the decision letter, and this is applicable to the following proposals:




  • Initial public offerings (IPOs) and acquisition of assets resulting in a significant change in the business direction/policy of a listed company: 52 working days;



  • Large capitalisation IPOs applications and transfer of listing to the Main Market of Bursa Malaysia: 32 working days; and



  • Private debt securities: Deemed approval and 14 working days.



B. Corporate Applications Approved by the SC – Q1 2012


i) Applications Approved


Table 4: Number of Applications Approved









































Type of Applications


No. of Applications Approved


Q1 2012


Q4 2011


Q1 2011

Initial Public Offering



  • Main Market

1


2


1


Reverse Take-Overs and Restructurings


2


3



Transfer from ACE Market to Main Market



1



Private Debt Securities


16(1)


33(2)


17(3)


Others


3


4


3


TOTAL


22


43


21













(1)


16 applications comprising 12 Ringgit-denominated issues and 4 foreign currency-denominated issues of conventional PDS and sukuk (Tables 5 & 6).

(2)

33 applications comprising 28 Ringgit-denominated issues and 8 foreign currency-denominated issues of conventional PDS and sukuk (Tables 5 & 6).

(3)

17 applications comprising 14 Ringgit-denominated issues and 3 foreign currency-denominated issues of conventional PDS and sukuk (Tables 5 & 6).



ii) Private Debt Securities (PDS)


Table 5: Approved Ringgit-Denominated issues
















































Type


Q1 2012


Q4 2011


Q1 2011


No. of issues


Size
(RM mil)


No. of issues


Size
(RM mil)


No. of issues


Size
(RM mil)

Conventional PDS

8

10,412.08

13

6,544.79

9(1)

5,918.29

Sukuk

4

11,525.00

15

41,698.10

5

7,770.00

Combination(2)

Total

12

21,937.08

28

48,242.89

14

13,688.29










(1)


Include 2 asset-backed securities (ABS) amounting to RM3,100.0 million.


(2)


Combination of sukuk and conventional notes.



Table 6: Approved foreign currency-denominated issues by foreign corporations(1)





















































Type


Q1 2012


Q4 2011


Q1 2011


No. of issues


Size


No. of issues


Size


No. of issues


Size


Conventional PDS


1


SGD2.0 billion


1


IDR1.5 trillion




Sukuk

3

USD2.4 billion(2)

7

USD200.0 million(3)


1


USD500.0 million


Combination








Total


1


SGD2.0 billion


1


IDR1.5 trillion


1


USD500.0 million

3

USD2.4 billion

7

USD200.0 million


(1) Offers in Malaysia were part of global offerings.
(2) 1 proposal has yet to finalise the offer size at the point of approval.
(3) 6 proposals have yet to finalise the offer size at the point of approval.



Table 7: Approved foreign currency-denominated issues by Malaysian Issuers
















































Type


Q1 2012


Q4 2011


Q1 2011


No. of issues


Size


No. of issues


Size


No. of issues


Size


Conventional PDS





2

USD1.3 billion


Sukuk


Combination


Total

2

USD1.3 billion



iii) Take-Overs & Mergers


Table 8: Number of Submissions Considered under the Malaysian Code on Take-overs and Mergers 2010




































Type


Number of Submissions Considered


Q1 2012


Q4 2011


Q1 2011^


Clearance of offer document


7


3


6


Exemption from mandatory offer obligation


5


6


5


Clearance of independent advice circular


8


7


8


Others*


9


13


6


Total


29


29


25


* Include extension of time, rulings, waiver from provisions of the Code, other ancillary applications and related decisions.
^ Certain comparable figures for Q1 2011 have been restated to conform to the current quarter’s presentation.



iv) Unit Trusts & Collective Investment Schemes


Table 9: Number of Submissions Relating to Unit Trusts and Other Collective Investment Schemes Approved




































Type


Number of Submissions Approved

Q1
2012

Q4
2011

Q1
2011

Establishment of new funds

14

33

16

Increase in fund size

43

17

13

Exemption/variation from Guidelines(1)

1

1

4

Other applications(2)

20

9

13

Total

78

60

46


(1) Excludes applications submitted through the establishment of new schemes.
(2) Includes applications for extension of time and clearance of operation audit scope.



Table 10: Status of Licensing Applications as at 1 January – 31 March 2012 (Q1)

















































New licence application


Received


Withdrawn


Returned


Considered


Approved


Rejected


Pending


Representative


360


6


24


330


256


0


74


Corporation


6


2


4


0


0


0


0


Individual


0


0


0


0


0


0


0


Total


366


8


28


330


256


0


74



Table 11: Processing Turnaround Time for Licensing Applications, 1 January – 31 March 2012 (Q1)




























































New licence application



Within time charter


Exceeds time charter


Subtotal


Exception


Total approved


Total


%


Total


%


Total


%


Representative


240


94.12


15


5.88


255


1


0.39


256


Corporation


0


0


0


0


0


0


0


0


Individual


0


0


0


0


0


0


0


0


Total


240


94.12


15


5.88


255


1


0.39


256