CAPITAL MARKET STATISTICS


SC Scorecard Q3 2010
&
Statistics of Submissions Approved by the SC in Q3 2010


 


A. Corporate Submissions to the SC – Q3 2010


Table 1: Status of Substantive Applications as at 30 September 2010





























Total


Balance brought forward from Q2 2010


17


Add: Applications received during Q3 2010


34


Add: Applications deferred and resubmitted during Q3 2010



Total applications


51


Less: Applications Considered during Q3 2010


(18)


Less: Applications Withdrawn/Returned during Q3 2010


(8)


Balance carried forward to Q4 2010


25


 


Table 2: Substantive Applications Considered/Withdrawn/Returned in Q3 2010





















































Type of proposals


Approved


Rejected


Deferred


Withdrawn/
Returned1


Total


Initial public offering



  • Main Market

 


5


 



 



 


5


 


10


Reverse Take-Overs and Restructurings







Transfer to Main Market


1




2


3


Private debt securities


11




1


12


Others


1





1


Total


18




8


26







1


The main reasons for the withdrawn/returned applications were, amongst others, poor standards of submissions, such as non-compliance to Equity Guidelines, and the applicant’s decision to relook at their entire application.



Table 3: Processing Turnaround Time for Substantive Applications Considered in Q3 2010























Substantive Applications


Within Time Charter1


Exceeds Time Charter


Total


No.


%


No.


%


No.


%


17


94


1


6


18


100







1


The SC’s time charter for processing, computed from the date of receipt of complete application to date to decision letter, is as follows:




  • 52 working days for applications involving initial public offerings (IPOs) on the Main Market of Bursa Malaysia and acquisitions of assets resulting in a significant change in the business direction/policy of a listed company;



  • 32 working days for applications involving large capitalisation IPOs and transfer of listing to the Main Market of Bursa Malaysia; and



  • 14 working days for applications involving private debt securities.



Table 4: Status of Licensing Applications in Q3 2010







































































































Type of licence application


Received


Withdrawn


Returned


Considered


Approved


Rejected


Pending


Representative


 


 


 


 


 


 



New


309


2


12


295


253


1


41


Renewal


1,342


2


5


1,335


1,320


0


15


Corporation



 


 


 


 


 



New


13


0


0


13


5


0


8


Renewal


79


0


3


76


66


0


10


Individual


 


 


 


 


 


 


 


New


0


0


0


0


0


0


0


Renewal


1


0


0


1


1


0


0


Total


1,744


4


20


1,720


1,645


1


74


 


Table 5: Processing Turnaround Time for Licensing Applications in Q3 2010





















































































































Type of licence application

Within time charter


Exceeds time charter


Subtotal


Exception


Total Reported


Total


%


Total


%


Total


%


Representative


 


 


 


 


 


 


 


 


New


236


93.65


16


6.35


252


1


0.40


253


Renewal


1,317


99.85


2


0.15


1,319


1


0.08


1,320


Corporation


New


5


100


0


0


5


0


0


5


Renewal


61


95.31


3


4.69


64


2


3.03


66


Individual


New


0


0


0


0


0


0


0


0


Renewal


1


0


0


0


1


0


0


1


Total


1,620


98.72


21


1.28


1,641


4


0.24


1,645



B. Statistics of Applications Approved by the SC – Q3 2010


i) Corporate Proposals


Table 6: Number of Corporate Proposals Approved









































Type of Proposals


No. of Corporate Proposals Approved


Q3 2010


Q2 2010


Q3 2009


Initial public offerings



  • Main Market

5


3


2


Reverse Take-Overs and Restructurings




1


Transfer to Main Market


1


1


1


Private debt securities


111


152


103


Others


1


3


194


TOTAL


18


22


33
















1


11 proposals comprising 10 RM-denominated PDS and 1 foreign currency-denominated PDS.


2


15 proposals comprising 12 RM-denominated PDS and 3 foreign currency-denominated PDS.


3


10 proposals comprising 7 RM-denominated PDS and 3 foreign currency-denominated PDS.


4


Other proposals include acquisition and equity capital-raising.




ii) Private Debt Securities


Table 7: Approved RM-denominated PDS
















































Type


Q3 2010


Q2 2010


Q3 2009


No. of issuers


Size of issues
(RM’mil)


No. of issuers


Size of issues
(RM’mil)


No. of issuers


Size of issues
(RM’mil)


Conventional


6


3,894.27


5


3,640.00


6


2,532.57


Sukuk


3


10,300.00


7


6,873.00


1


4,500.00


Combination1


1


2,000.00






Total


10


16,194.27


12


10,513.00


7


7,032.57







1


Combination of conventional and sukuk.



Table 8: Approved Foreign Currency-denominated PDS by Foreign Corporations
















































Type


Q3 2010


Q2 2010


Q3 2009


No. of offers


Size of offers
(USD’mil)


No. of offers


Size of offers
(USD’mil)


No. of offers


Size of offers
(USD’mil)


Conventional




11


500.00




Sukuk


1


3,500.00


21


850.00


21


1,500.00


Combination






1


4,000.00


Total


1


3,500.00


3


1,350.00


3


5,500.00







1


Offers in Malaysia were part of global offering.



Table 9: Approved Foreign Currency-denominated PDS by Malaysian Issuers








































Type


Q3 2010


Q2 2010


Q3 2009


No. of offers


Size of offers
(USD’mil)


No. of offers


Size of offers
(USD’mil)


No. of offers


Size of offers
(USD’mil)


Conventional








Sukuk








Total









Table 10: Approved Program Issuance of Structured Products








































Type


Q3 2010


Q2 2010


Q3 2009


No. of issuers


Size of issues
(RM’mil)


No. of issuers


Size of issues
(RM’mil)


No. of issuers


Size of issues
(RM’mil)


Conventional


6


30,000.00


3


15,000.00


5


25,000.00


Sukuk




1


500.00




Total


6


30,000.00


4


15,500.00


5


25,000.00



iii) Take-overs & Mergers


Table 11: Number of Approved Submissions Relating to the Malaysian Code on Take-overs and Mergers































Type



Number of Submissions Approved


Q3 2010


Q2 2010


Q3 2009


Clearance of offer document


6


5


3


Application for exemption from mandatory offer obligation


11


10


14


Others


36


32


25


Total


53


47


42



iv) Unit Trusts & Collective Investment Schemes


Table: 12: Number of Submissions Relating to Unit Trusts and Other Collective Investment Schemes Approved




































Type


Number of Submissions Approved


Q3
2010


Q2
2010


Q3
2009


Establishment of new funds


28


20


27


Increase in fund size


8


15


8


Exemption/variation from Guidelines1


4


6


5


Other applications 2


16


14


14


Total


56


55


54









1

Excluding applications submitted through the establishment of new schemes.

2

Including, amongst others, applications for extension of time, change of management company and change of trustee.