CAPITAL MARKET STATISTICS
SC Scorecard Q1 2017
&
Statistics of Submissions Approved by the SC in Q1 2017

A. Corporate Submissions to the SC – Q1 2017

Table 1: Status of Substantive Applications as at 31 March 2017

Applications   

Total

Balance brought forward from Q4 2016

4

Add: Applications received in Q1 2017

Total applications

4

Less: Applications Considered in Q1 2017

(2)

Less: Applications Withdrawn in Q1 2017

(2)

Balance carried forward to Q2 2017

Table 2: Substantive Applications Considered/Withdrawn/Lodged in Q1 2017

Type of Applications

Considered

Withdrawn

Lodged

Total

Approved

Not Approved

Returned

Initial Public Offering

  • Main Market

Acquisition, Reverse Take-Overs  and Back-Door Listings

2

2

Transfer from ACE Market to Main Market

1

1

Corporate bonds and sukuk

1

17

18

TOTAL

2

2

17

21

Table 3: Processing Turnaround Time for Substantive Applications Considered in Q1 2017

Total Substantive Applications Considered

Within Time Charter*

Exceed Time Charter

2

No.

%

No.

%

1

50

1

50

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
  • Issuance of corporate bonds and sukuk to retail investors (inclusive of the registration of the prospectus) is 40 working days.

B. Corporate Applications Approved by the SC – Q1 2017

i) Applications Approved/Lodged

Table 4: Number of Applications Approved/Lodged

Type of Applications

No. of Applications Approved/Lodged

Q1 2017

Q4 2016

Q1 2016

Initial Public Offerings

  • Main Market

2

1

Acquisition, Reverse Take-Overs and Back-Door Listings

2

1

Transfers from ACE Market to Main Market

1

Corporate bonds and sukuk

18

22

17

TOTAL

19

26

19

ii) Private Debt Securities (PDS) and Sukuk

Table 5: Approved and Lodged Ringgit-denominated Issues

Type

Q1 2017

Q4 2016

Q1 2016

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

Conventional bonds

6(1)

7,836.06

11

26,856.27

7

15,183.25

Sukuk

10

12,250.00

10

25,289.00

9

11,960.00

Combination(2)

Total

16

20,086.06

21

52,145.27

16

27,143.25

Note:
(1) Include one asset-backed securities (ABS) amounting to RM370.00 million.
(2) Combination of sukuk and conventional notes.
                 

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

Type

Q1 2017

Q4 2016

Q1 2016

No. of issues

Size
(USD mil)

No. of issues

Size
(USD mil)

No. of issues

Size
(USD mil)

Conventional bonds

Sukuk

2((1),(2))

174.70

1(1)

239.65

Combination

Total

2

174.70

1

239.65

Note:
(1)Offerings in Malaysia were part of global offerings.
(2)One issue has yet to finalise the offer size at the point of approval.
                         

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

Type

Q1 2017

Q4 2016

Q1 2016

No. of issues

Size
(USD mil)

No. of issues

Size
(USD mil)

No. of issues

Size
(USD mil)

Conventional bonds

Sukuk

1(1)

2,500.00

Combination

Total

1

2,500.00

Note:
(1) Multi-currency issue.

iii)  Take-Overs & Mergers

Table 8: Number of submissions considered in relation to take-overs, mergers and compulsory acquisitions

Type

Number of Submissions Considered

Q1 2017

Q4 2016

Q1 2016

Clearance of offer document(1)

7

8

1

Clearance of independent advice circular(2)

8

11

3

Exemption from mandatory offer obligation

4

2

4

Others(3)

4

7

3

Total

23

28

11

Note:
(1)Including documents relating to schemes for control.
(2)Including independent advice circulars for whitewash exemptions.
(3)Including rulings and exemptions from the provisions of Malaysian Code on Take-overs and Mergers 2010, Malaysian Code on Take-overs and Mergers 2016/ Rules on Take-overs, Mergers and Compulsory Acquisitions (as the case may be) and other ancillary applications.

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
2017

Q4
2016

Q1
2016

Establishment of new collective investment schemes

10

2

10

Establishment of new private retirement funds

3

Recognition of foreign ASEAN CIS

Increase in fund size

3

1

Exemption/variation from Guidelines1

8

23

1

Other applications

82

11

14

Total

29

36

29

Note:
(1) Excludes applications submitted together with the establishment of new schemes.
(2) Includes applications for renewal of trustee’s registration, clearance of audit scope and extension of time.

C. Licensing

Table 10: Status of Licensing Applications

New licence application

Received

Withdrawn

Returned

Considered

Approved

Rejected

Pending

Representative

247

6

13

228

174

54

Corporation

8

1

7

7

Individual

Total

255

7

13

235

174

61

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

173

99.43

1(3)

0.57

174

174

Corporation

Individual

0

Total

173

99.43

1

0.57

174

174

(3) The time charter was exceeded by one business day, for one application.