CAPITAL MARKET STATISTICS
SC Scorecard Q1 2016
&
Statistics of Submissions Approved by the SC in Q1 2016

A. Corporate Submissions to the SC – Q1 2016

Table 1: Status of Substantive Applications as at 31 March 2016

Applications   

Total

Balance brought forward from Q4 2015

7

Add: Applications received in Q1 2016

3

Total applications

10

Less: Applications Considered in Q1 2016

(5)

Less: Applications Withdrawn in Q1 2016

(1)

Balance carried forward to Q2 2016

4

Table 2: Substantive Applications Considered/Withdrawn/Lodged in Q1 2016

Type of Applications

Considered

Withdrawn

Lodged

Total

Approved

Not Approved

Returned

Initial Public Offering

  • Main Market

1

1

1

3

Acquisition, Reverse Take-Overs  and Back-Door Listings

1

1

2

Transfer from ACE Market to Main Market

Private Debt Securities
(PDS) and Sukuk

1

16

17

TOTAL

3

2

1

16

22

Table 3: Processing Turnaround Time for Substantive Applications Considered in Q1 2016

Total Substantive Applications Considered

Within Time Charter*

Exceed Time Charter

5

No.

%

No.

%

5

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
  • PDS and sukuk: Deemed approval or 14 working days.

B. Corporate Applications Approved by the SC – Q1 2016

i) Applications Approved/Lodged

Table 4: Number of Applications Approved/Lodged

Type of Applications

No. of Applications Approved/Lodged

Q1 2016

Q4 2015

Q1 2015

Initial Public Offerings

  • Main Market

1

3

3

Acquisition, Reverse Take-Overs and Back-Door Listings

1

1

Transfers from ACE Market to Main Market

1

Offering of Securities

1

PDS and Sukuk

17

15

13

TOTAL

19

20

17


ii) Private Debt Securities (PDS) and Sukuk

Table 5: Approved and Lodged Ringgit-denominated Issues

Type

Q1 2016

Q4 2015

Q1 2015

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

Conventional PDS

7

15,183.25

6

32,404.00

4

5,500.00

Sukuk

9

11,960.00

7(1)

10,664.00

4

6,300.00

Combination

Total

16

27,143.25

13

43,068.00

8

11,800.00

Note:
(1) Include 1 multi-currency issue amounting to RM5.0 billion.                 

Table 6: Approved and Lodged Foreign Currency-denominated Issues by Foreign Corporations

Type

Q1 2016

Q4 2015

Q1 2015

No. of issues

Size
(USD mil)

No. of issues

Size
(USD mil)

No. of issues

Size
(USD mil)

Conventional PDS

1(1)

42.50

1(1)

311.00

Sukuk

1(1)

239.65

1

15,000.00

3(1)

480.45

Combination

Total

1

239.65

2

15,042.50

4

791.45

Note:
(1) Offerings in Malaysia were part of global offerings.                          

Table 7: Approved and Lodged Foreign Currency-denominated Issues by Malaysian Issuers

Type

Q1 2016

Q4 2015

Q1 2015

No. of issues

Size
(USD mil)

No. of issues

Size
(USD mil)

No. of issues

Size
(USD mil)

Conventional PDS

Sukuk

1(1)

750.00

Combination

Total

1

750.00

Note:
(1) Multi-currency issue.

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 2016

Q4 2015

Q1 2015

Clearance of offer document(1)

1

5

6

Clearance of independent advice circular

3

6

8

Exemption from mandatory offer obligation

4

0

8

Others(2)

3

2

6

Total

11

13

28

Note:
(1) Including documents relating to schemes for control.
(2) Including the eligibility to act as independent adviser for take-over proposals, ruling, ancillary applications and exemption from the Code provisions.

iv) Collective Investment Schemes, Private Retirement Schemes & Foreign ASEAN CIS

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

Type

Number of Applications Approved

Q1
2016

Q4
2015

Q1
2015

Establishment of new collective investment schemes

10

7

40

Establishment of new private retirement funds

3

0

0

Recognition of foreign ASEAN CIS

0

1

0

Increase in fund size

1

2

0

Exemption/variation from Guidelines(1)

1

4

5

Other applications(2)

14

22

14

Total

29

36

59

Note:
(1) Excludes applications submitted through the establishment of new schemes.
(2) Includes applications for variation to proposal, application to act as adviser under Guidelines for the Offering, Marketing and Distribution of Foreign Funds, clearance of audit scope and extension of time.