CAPITAL MARKET STATISTICS


SC Scorecard Q3 2011
&
Statistics of Submissions Approved by the SC in Q3 2011



A. Corporate Submissions to the SC – Q3 2011


Table 1: Status of Substantive Applications as at 30 September 2011





















Applications

Total


Balance brought forward from Q2 2011


19


Add: Applications received in Q3 2011


^31


Total applications


50


Less: Applications Considered/Withdrawn in Q3 2011


(29)


Balance carried forward to Q4 2011


21


^Includes 14 equity proposals and 17 PDS proposals



Table 2: Substantive Applications Considered/Withdrawn in Q3 2011























































Type of proposals


Considered


Withdrawn


Total


Approved


Rejected


Returned

Initial public offering



  • Main Market

2


3



4


9

Reverse Take-Overs and Restructurings



1




1

Transfer to Main Market



1



1


2

Private Debt Securities


15




1


16

Others


1





1

TOTAL


18


5



6


29



Table 3: Processing Turnaround Time for Substantive Applications Considered in Q3 2011























Substantive Applications


Within Time Charter1


Exceed Time Charter


Total


No.


%


No.


%


No.


%


23


100




23


100







(1)


The SC time charter for processing is computed from the date of receipt of complete information of 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 applications: Deemed approval and 14 working days.



B. Corporate Submissions Approved by the SC – Q3 2011


i) Proposals Approved


Table 4: Number of Corporate Proposals Approved









































Type of Proposals


No. of Corporate Proposals Approved


Q3 2011


Q2 2011


Q3 2010

Initial public offering



  • Main Market

2


9


5


Reverse Take-Overs and Restructurings



2



Transfer to Main Market



1


1


Private Debt Securities


15


26


11


Others


1


4


1


TOTAL


18


42


18



ii) Private Debt Securities


Table 5: Approved RM-Denominated PDS
















































Type


Q3 2011


Q2 2011


Q3 2010


No. of proposals


Approved size
(RM mil)


No. of proposals


Approved size
(RM mil)


No. of proposals


Approved size
(RM mil)

Conventional

8

7,538.03

7

9,676.80

6

3,894.27

Sukuk

6

4,845.00

14

24,590.00

3

10,300.00

Combination(1)

1

3,500.00

1

2,000.00

Total

15

15,883.03

21

34,266.80

10

16,194.27


(1) Combination of conventional and sukuk.



Table 6: Approved Foreign Currency-denominated PDS by Foreign Corporations(1)



















































Type


Q3 2011


Q2 2011


Q3 2010


No. of proposals


Approved size (mil)


No. of proposals


Approved size (mil)


No. of proposals


Approved size (mil)


Conventional




1


CNY3,000.00


Sukuk




2


USD1,050.00

1

USD3,500.00


Combination






Total




1


CNY3,000.00


1


USD3,500.00


2


USD1,050.00


(1) Offers in Malaysia were part of global offering.



Table 7: Approved Foreign Currency-denominated PDS by Malaysian Issuers
















































Type


Q3 2011


Q2 2011


Q3 2010


No. of proposals


Approved size
(USD mil)


No. of proposals


Approved size
(USD mil)


No. of proposals


Approved size
(USD mil)


Conventional




2


2,500.00


Sukuk


Combination


Total

2

2,500.00



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

Q3 2011

Q2 2011

Q3 2010

Clearance of offer document

9

2

6

Exemption from Mandatory Offer (MO) obligation

8

7

11

Clearance of Independent Advice Circular (IAC)

10

11

12

Confirmation of Appointment of Independent Adviser (IA)

14

13

13

Others*

13

8

11

Total

54

^41

53










*


Includes extension of time, rulings, waiver from provisions of the Code and other ancillary applications.


^


Includes one rejection case (i.e. confirmation of the appointment of IA) which was not reported in Q2 2011 report as Q2 reporting was based on application approved. From Q3 onwards, reporting will be based on submissions considered.




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

Q3
2011

Q2
2011

Q3
2010

Establishment of new funds

20

31

28

Increase in fund size

23

21

8

Exemption/variation from Guidelines1

4

5

4

Other applications 2

6

17

16

Total

53

74

56










1


Excludes applications submitted through the establishment of new schemes.


2


Includes applications for extension of time


 


Table 10: Status of Licensing Applications in Q3 2011







































































































Type of licence application


Received


Withdrawn


Returned


Considered


Approved


Rejected


Pending


Representative









New


361


0


20


341


309


0


32


Renewal


1,129


0


6


1,123


1,122


0


1


Corporation



 


 


 


 


 



New


7


0


0


7


1


0


6


Renewal


66


0


0


66


63


0


3


Individual


 


 


 


 


 


 


 


New


0


0


0


0


0


0


0


Renewal


1


0


0


1


1


0


0


Total


1,564


0


26


1,538


1,496


0


42



Table 11: Processing Turnaround Time for Licensing Applications in Q3 2011






















































































































Type of licence application


Within time charter


Exceeds time charter


Sub-
total


Exception


Total approved


Total


%


Total


%


Total


%


Representative










New


305


98.71


4


1.29


309


0


0


309


Renewal


1,122


100


0


0


1,122


0


0


1,122


Corporation


New


1


100


0


0


1


0


0


1


Renewal


55


88.71


7


11.29


62


1


1.59


63


Individual


New


0


0


0


0


0


0


0


0


Renewal


1


100


0


0


1


0


0


1


Total


1,484


99.26


11


0.74


1,495


1


0.07


1,496