CAPITAL MARKET STATISTICS

SC Scorecard Q2 2014
&
Statistics of Submissions Approved by the SC in Q2 2014

A. Corporate Submissions to the SC – Q2 2014
Table 1: Status of Substantive Applications as at 30 June 2014

Applications   

Total

Balance brought forward from Q1 2014

25

Add: Applications received in Q2 2014

28

Total applications

53

Less: Applications Considered in Q2 2014

(34)

Less: Applications Withdrawn in Q2 2014

(3)

Balance carried forward to Q3 2014

16

Table 2: Substantive Applications Considered/Withdrawn in Q2 2014

Type of Applications

Considered

Withdrawn

Total

Approved/
Authorised

Not Approved

Returned

Initial Public Offering

  • Main Market

4

1

5

Acquisition/Reverse Take-Overs  and Restructurings

1

1

2

Transfer from ACE Market to Main Market

2

2

Private Debt Securities

25

1

2

28

Others

TOTAL

32

2

3

37

Table 3: Processing Turnaround Time for Substantive Applications Considered in Q2 2014

Total Substantive Applications Considered

Within Time Charter1

Exceed Time Charter2

21

No.

%

No.

%

33

97

1

3

Note:
(1) 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.
(2) Main reasons for exceeding time charter are the need for further explanation/clarification on certain pertinent issues and for enhanced disclosures.

B. Corporate Applications Approved by the SC – Q2 2014
i) Applications Approved
Table 4: Number of Applications Approved/Authorised

Type of Applications

No. of Applications Approved/Authorised

Q1 2014

Q4 2013

Q1 2013

Initial Public Offering

  • Main Market

4

5

4

Acquisition/Reverse Take-Overs and Restructurings

1

1

Transfer from ACE Market to Main Market

2

1

1

Private Debt Securities

25

14

20

Others

1

TOTAL

32

20

27

ii) Private Debt Securities (PDS)
Table 5: Approved and Authorised Ringgit-Denominated issues

Type

Q1 2014

Q4 2013

Q1 2013

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

Conventional PDS

4(1)

13,702.60

7(2)

6,322.08

4

15,119.40

Sukuk

17(3)

21,690.00

7

21,075.00

13

18,559.00

Combination(2)

Total

21

35,392.60

14

27,397.08

17

33,678.40

Note:
(1)  Include 1 multi-currency issue amounting to RM10.0 billion.
(2) Include 1 multi-currency issue amounting to RM5.0 billion.
(2) Include 1 multi-currency issue amounting to RM1.0 billion.
(2) Combination of sukuk and conventional notes.

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

Type

Q1 2014

Q4 2013

Q1 2013

No. of issues

Size

No. of issues

Size

No. of issues

Size

Conventional PDS

1(1)

SGD300.00

Sukuk

1(1)

GBP38.50

2(1)

USD109.00

2(1)

USD21.00

Combination

Total

1

GBP38.50

1

SGD300.00

2

USD21.00

2

USD109.00

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

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

Type

Q1 2014

Q4 2013

Q1 2013

No. of issues

Size

No. of issues

Size

No. of issues

Size

Conventional PDS

Sukuk

1

USD500.00

Combination

Total

1

USD500.00

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

Q2 2014

Q1 2014

Q2 2013

Clearance of offer document(1)

8

6

5

Clearance of independent advice circular

11

12

12

Exemption from mandatory offer obligation

2

7

7

Others2

11

14

6

Total

32

39

30

Note:
(1)  Including documents relating to schemes for control under the Companies Act 1965.
(2) Including the eligibility to act as independent adviser for take-over proposals, ancillary applications and other related decisions.

iv) 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

Q2
2014

Q1
2014

Q2
2013

Establishment of new collective investment schemes

15

27

22

Establishment of retirement funds

0

0

4

Increase in fund size

0

2

1

Exemption/variation from Guidelines1

5

4

5

Other applications2

22

13

23

Total

42

46

55

Note:
(1)  Excludes applications submitted through the establishment of new schemes.
(2) For example, applications for variation to proposal, extension of time, change of trustee, change of management company and in relation to online activities.

C. Licensing

Table 10
Total number of licensed and registered capital market intermediaries as at 30 June 2014

Regulated Activity

Total number of licensees

Capital Markets Services Licence (CMSL)
Investment banks

11

Universal brokers

1

Special scheme foreign stockbroking companies

7

Stockbroking companies with at least one merger partner

12

Dealing in Derivatives

11

Issuing houses

2

Dealing in Securities restricted to Unit Trust (Standalone)

7

Fund management companies (including REIT Managers)

71

Special scheme foreign fund management companies

5

Islamic fund management companies

19

Corporate finance companies (Boutique)

42

Investment advisory companies (Boutique)

211

Financial planning companies

362

Capital Markets Services Representative’s Licence (CMSRL)
Dealing in securities (include dual licence holder)

6,736

Dealing in Derivatives

777

Fund Management

729

Advising on corporate finance

687

Investment advice

239

Financial planning

474

1 Includes licence for 1 individual
2 Includes licence for 8 individuals

Table 11
Status of Licensing Applications in Q2, 2014

New licence application

Received

Withdrawn

Returned

Considered

Approved

Rejected

Pending

Representative

324

6

8

310

271

0

39

Corporation

5

0

0

5

3

0

2

Individual

0

0

0

0

0

0

0

Total

329

6

8

315

274

0

41

Table 12
Processing Turnaround Time for Licensing Applications in Q2, 2014

New licence application

 

Within time charter

Exceeds time charter

Subtotal

Exception

Total approved

Total

%

Total

%

Total

%

Representative

271

100

0

0

271

0

0

271

Corporation

3

100

0

0

3

0

0

3

Individual

0

0

0

0

0

0

0

0

Total

274

100

0

0

274

0

0

274