CAPITAL MARKET STATISTICS

SC Scorecard Q4 2012
&
Statistics of Applications Approved by the SC in Q4 2012

A. Corporate Applications to the SC – Q4 2012

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

Applications

Total

Balance brought forward from Q3 2012

22

Add: Applications received in Q4 2012

46

Total applications

68

Less: Applications Considered in Q4 2012

(40)

Less: Applications Withdrawn in Q4 2012

(2)

Balance carried forward to Q1 2013

26

Table 2: Substantive Applications Considered/Withdrawn in Q4 2012

Type of Applications

Considered

Withdrawn

Total

Approved

Rejected

Returned

Initial Public Offering

  • Main Market

6

1

1

8

Transfer from ACE Market to Main Market

1

1

Private Debt Securities

26

26

Others

6

1

7

TOTAL

39

1

2

42

 

Table 3: Processing Turnaround Time for Substantive Applications Considered in Q4 2012

Substantive Applications

Within Time Charter1

Exceed Time Charter2

Total

No.

%

No.

%

No.

%

36

90

4

10

40

100

Note:
(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 IPO applications and transfer of listing from the ACE Market to the Main Market of Bursa Malaysia: 32 working days; and
  • Private debt securities: Deemed approval and 14 working days.
(2) Main reasons for exceeding time charter include incomplete application from the applicant and/or SC’s request for further clarification on certain pertinent issues.

B. Corporate Applications Approved by the SC – Q4 2012

i) Applications Approved

Table 4: Number of Applications Approved

Type of Applications

No. of Applications Approved

Q4 2012

Q3 2012

Q4 2011

Initial Public Offering

  • Main Market

6

2

2

Reverse Take-Overs and Restructurings

1

3

Transfer from ACE Market to Main Market

1

1

Private Debt Securities (PDS)

26(1)

32(2)

36(3)

Others

6

3

4

TOTAL

39

38

46

Note:
(1) 26 Ringgit-denominated issues of conventional PDS and sukuk (Tables 5).
(2) 25 Ringgit-denominated issues and 7 foreign currency-denominated issues of conventional PDS and sukuk (Tables 5, 6 & 7).
(3) 28 Ringgit-denominated issues and 8 foreign currency-denominated issues of conventional PDS and sukuk (Tables 5, 6 & 7).

 

ii) Private Debt Securities (PDS)

Table 5: Approved Ringgit-Denominated issues

Type

Q4 2012

Q3 2012

Q4 2011

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

Conventional PDS

9

2,216.15

11

7,324.62

13

6,544.79

Sukuk

17

21,518.38

14(1)

27,298.00

15

41,698.10

Combination(2)

Total

26

23,734.53

25

34,622.62

28

48,242.89

Note:
(1) Include 3 multi-currency issues amounting to RM7.0 billion.
(2) Combination of sukuk and conventional notes.

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

Type

Q4 2012

Q3 2012

Q4 2011

No. of issues

Size

No. of issues

Size

No. of issues

Size

Conventional PDS

1

IDR1.5 trillion

Sukuk

6(1)

USD12.7 billion

7(2)

USD1.48 billion

Combination

Total

6

USD12.7 billion

1

IDR1.5 trillion

7

USD1.48 billion

Note:
(1) Include 5 global offerings wherein 2 issues have yet to finalise the offer size at the point of approval.
(2) 7 global offerings wherein 3 issues have yet to finalise the offer size at the point of approval.

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

Type

Q4 2012

Q3 2012

Q4 2011

No. of issues

Size

No. of issues

Size

No. of issues

Size

Conventional PDS

Sukuk

1(1)

USD1.5 billion

Combination

Total

1

USD1.5 billion

Note:
(1) Multi-currency issues.

 

iii) Take-Overs & Mergers

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

Type

Number of Applications Considered

Q4 2012

Q3 2012

Q4 2011(2)

Clearance of offer document (1)

6

14

4

Exemption from mandatory offer obligation

10

14

7

Clearance of independent advice circular

9

2

6

Others(3)

11

15

12

Total

36

45

29

Note:
(1) Including documents relating to scheme for control under the Companies Act 1965.
(2) One selective capital repayment case in Q4 2011 has been reclassified to conform to the current quarter’s presentation.
(3) Including rulings, ancillary applications and other related decisions.

iv) Unit Trusts, Collective Investment Schemes & Private Retirement Schemes

Table 9: Number of Applications Approved Relating to Unit Trusts, Other Collective Investment Schemes and Private Retirement Schemes

Type

Number of Applications Approved

Q4
2012

Q3
2012

Q4
2011

Establishment of new funds

29

19

33

Establishment of retirement funds

8

24

Increase in fund size

35

35

17

Exemption/variation from Guidelines(1)

5

8

1

Other applications (2)

16

5

9

Total

93

91

60

Note:
(1) Excludes applications submitted through the establishment of new schemes.
(2) Including applications for change of trustee, change of fund name, extension of time and renewal of trustee’s registration.

v) Applications for Licences

Table 10: Status of Licensing Applications as at 1 July – 31 December 2012

New licence application

Received

Withdrawn

Returned

Considered

Approved

Pending

Representative

360

2

24

334

294

40

Corporation

6

0

0

6

3

3

Individual

0

0

0

0

0

0

Total

366

2

24

340

297

43

Table 11: Processing Turnaround Time for Licensing Applications, 1 September – 31 December 2012

New licence application

Within time charter

Exceeds time charter

Subtotal

Exception

Total approved

Total

%

Total

%

Total

%

Representative

294

100

0

0

294

0

0

294

Corporation

3

0

0

0

3

0

0

3

Individual

0

0

0

0

0

0

0

0

Total

297

100

0

0

297

0

0

297