CAPITAL MARKET STATISTICS

SC Scorecard and Statistics of Submissions Approved by the SC in Q1 2015

A. Corporate Submissions to the SC

Table 1
Status of substantive applications as at 31 March 2015

Applications   

Total

Balance brought forward from Q4 2014

26

Add: Applications received in Q1 2015

14

Total applications

40

Less: Applications Considered in Q1 2015

(20)

Less: Applications Withdrawn in Q1 2015

(4)

Balance carried forward to Q2 2015

16

Table 2
Substantive applications considered/withdrawn

Type of applications

Considered

Withdrawn

Total

Approved/
Authorised

Not approved

Returned

Initial Public Offering

  • Main Market

3

2

1

6

Reverse Take-Overs  and Back-Door Listings

1

1

2

Transfer from ACE Market to Main Market

1

1

2

Private Debt Securities

13

1

14

TOTAL

17

2

1

4

24

Table 3
Processing turnaround time for substantive applications considered

Total Substantive Applications Considered

Within Time Charter*

Exceed Time Charter

20

No.

%

No.

%

20

100

Note:
* The SC time charter for processing is computed from the date complete information is received up to the date of the decision letter.  Time charter is applicable to the following applications: 

  • Initial public offerings (IPOs) and acquisitions 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/authorisation and 14 working days.

B. Corporate Applications Approved by the SC

(i) Applications Approved

Table 4
Number of applications approved/authorised

Type of applications

No. of applications approved/authorised

Q1 2015

Q4 2014

Q1 2014

Initial public pffering

  • Main Market

3

2

5

Reverse take-overs  and back-door listings

2

Transfer from ACE Market to Main Market

1

2

1

Private debt securities

13

30

14

TOTAL

17

36

20


(ii) Private Debt Securities (PDS)

Table 5
Approved and authorised ringgit-denominated issues

Type

Q1 2015

Q4 2014

Q1 2014

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

Conventional PDS

4

5,500.00

12(1)

4,809.71

7(2)

6,322.08

Sukuk

4

6,300.00

12

24,870.00

7

21,075.00

Combination(3)

2

20,000.00

Total

8

11,800.00

26

49,679.71

14

27,397.08

Note:
(1)   Include 1 multi-currency issue amounting to RM1.0 billion.
(2)   Include 1 multi-currency issue amounting to RM5.0 billion.
(3)  Combination of sukuk and conventional notes.

Table 6
Authorised foreign currency-denominated issues by foreign corporations

Type

Q1 2015

Q4 2014

Q1 2014

No. of issues

Size

No. of issues

Size

No. of issues

Size

Conventional PDS

Sukuk

1(1,2)

USD15.0 billion

3(3)

USD125.5 million

3(2,3)

USD2.2 billion

Combination

Total

4

USD17.2 billion

3

USD125.5 million

Note:
(1) Multi-currency issue.
(2) Offerings in Malaysia were part of global offerings.
(3) 1 issue has yet to finalise the offer size at the point of authorisation.

Table 7
Approved and authorised foreign currency-denominated issues by Malaysian issuers

Type

Q1 2015

Q4 2014

Q1 2014

No. of issues

Size

No. of issues

Size

No. of issues

Size

Conventional PDS

Sukuk

1(1)

USD750.0 million

1(1)

USD2.5 billion

Combination

Total

1

USD750.0 million

1

USD2.5 billion

Note:
(1) Multi-currency issue.

(iii)  Take-Overs and Mergers

Table 8
Number of submissions considered under the Malaysian Code on Take-overs and Mergers 2010

Type

Number of submissions considered

Q1 2015

Q4 2014

Q1 2014

Clearance of offer document(1)

6

5

6

Clearance of independent advice circular

8

9

12

Exemption from mandatory offer obligation

8

4

7

Others(2)

6

5

14

Total

28

23

39

Note:
(1)  Including documents relating to schemes for control.
(2)  Including the eligibility to act as independent adviser for take-over proposals, extension of time, rulings, ancillary applications and other related decisions.

(iv) Collective Investment Schemes and 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

Q1
2015

Q4
2014

Q1
2014

Establishment of new collective investment schemes

40

20

27

Establishment of retirement funds

0

2

0

Increase in fund size

0

1

2

Exemption/variation from Guidelines1

5

1

4

Other applications2

14

20

13

Total

59

44

46

Note:
(1) Excludes applications submitted through the establishment of new schemes.
(2) Includes applications to act as adviser under OMG Guidelines, extension of time, clearance of audit scope and in relation to online activities.

C. Licensing

Table 10
Status of licensing applications

New licence application

Received

Withdrawn

Returned

Considered

Approved

Rejected

Pending

Representative

317

9

17

291

238

53

Corporation

3

3

1

2

Individual

Total

320

9

17

294

239

55

Table 11
Processing turnaround time for licensing applications

New licence application

 

Within time charter

Exceeds time charter

Subtotal

Exception

Total approved

Total

%

Total

%

Total

%

Representative

238

100

238

238

Corporation

1

100

1

1

Individual

Total

239

100

239

239