CAPITAL MARKET STATISTICS

SC Scorecard Q1 2018
&
Statistics of Submissions Approved by the SC in Q1 2018

A. Corporate Submissions to the SC – Q1 2018

Table 1: Status of Substantive Applications as at 31 March 2018

Applications   

Equities

Corporate Bonds and Sukuk

Total

Balance brought forward from Q4 2017

3

1

4

Add: Applications received in Q1 2018

1

10

11

Total applications

4

11

15

Less: Applications Considered in Q1 2018

(1)

(11)

(12)

Less: Applications Withdrawn in Q1 2018

(-)

(-)

(-)

Balance carried forward to Q2 2018

3

3

Table 2: Substantive Applications Considered/Withdrawn/Lodged in Q1 2018

Type of Applications

Considered

 Withdrawn

Lodged

Total

Approved

Not Approved

Returned

Initial Public Offering

  • Main Market

1

1

Acquisition, Reverse Take-Overs  and Back-Door Listings

Transfer from ACE Market to Main Market

Corporate bonds and sukuk

1

10

11

TOTAL

2

10

12


Table 3: Processing Turnaround Time for Substantive Applications Considered in Q1 2018

Total Substantive

Applications Considered

Within Time Charter*

Exceed Time Charter

2

No.

%

No.

%

2

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
  • 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 2018

i) Applications Approved/Lodged

Table 4: Number of Applications Approved/Lodged

Type of Applications

No. of Applications Approved/Lodged

Q1 2018

Q4 2017

Q1 2017

Initial Public Offerings

  • Main Market

1

2

Acquisition, Reverse Take-Overs and Back-Door Listings

Transfers from ACE Market to Main Market

1

Corporate bonds and sukuk

11

27

18

TOTAL

12

29

19

ii) Corporate bonds and sukuk

Table 5: Approved and lodged ringgit-denominated issues

Type

Q1 2018

Q4 2017

Q1 2017

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

Conventional bonds

2

470.00

11

42,685.00

6

7,836.06

Sukuk

8

14,135.00

16

46,975.00

10

12,250.00

Combination(1)

Total

10

14,605.00

27

89,660.00

16

20,086.06

Note:
(1) Combination of sukuk and conventional notes.

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

Type

Q1 2018

Q4 2017

Q1 2017

No. of issues

Size
(US$ mil)

No. of issues

Size
(US$ mil)

No. of issues

Size
(US$ mil)

Conventional bonds

Sukuk

1

25,000,00

2

16,000.00

Combination

Total

1

25,000.00

2

16,000.00

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

Type

Q1 2018

Q4 2017

Q1 2017

No. of issues

Size
(US$ mil)

No. of issues

Size
(US$ mil)

No. of issues

Size
(US$ mil)

Conventional bonds

Sukuk

Combination

Total


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 2018

Q4 2017

Q1 2017

Clearance of offer document1

5

11

7

Clearance of independent advice circular2

8

11

8

Exemption from mandatory offer obligation

4

6

4

Others3

3

9

4

Total

20

37

23

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

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
2018

Q4
2017

Q1
2017

Establishment of new collective investment schemes

11

9

10

Establishment of retirement funds

0

0

0

Recognition of foreign ASEAN CIS

0

0

0

Increase in fund size

2

2

3

Exemption/variation from Guidelines1

8

11

8

Other applications

102

8

8

Total

31

30

29

Note:
(1) Excludes applications submitted together with the establishment of new schemes.
(2) Includes applications for extension of time, clearance of audit scope, qualification as a SRI fund and application in relation to online activities.