CAPITAL MARKET STATISTICS

SC Scorecard Q2 2015
&
Statistics of Submissions Approved by the SC in Q2 2015

A. Corporate Submissions to the SC – Q2 2015

Table 1: Status of Substantive Applications as at 30 June 2015

Applications   

Total

Balance brought forward from Q1 2015

16

Add: Applications received in Q2 2015

26

Total applications

42

Less: Applications Considered in Q2 2015

(30)

Less: Applications Withdrawn in Q2 2015

(2)

Balance carried forward to Q3 2015

10

Lodgement received in Q2 2015 (under the Lodge & Launch Framework)

1

Table 2: Substantive Applications Considered/Withdrawn/Lodged in Q2 2015

Type of Applications

Considered

 

Withdrawn

Lodged

Total

Approved/
Authorised

Not Approved

Returned

Initial Public Offering

  • Main Market

1

1

1

1

4

Reverse Take-Overs  and Back-Door Listings

1

1

1

3

Transfer from ACE Market to Main Market

Private Debt Securities
and Sukuk

25

1

26

TOTAL

27

2

1

2

1

33

Table 3: Processing Turnaround Time for Substantive Applications Considered in Q2 2015

Total Substantive Applications Considered

Within Time Charter*

Exceed Time Charter

30

No.

%

No.

%

30

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 and sukuk: Deemed approval/authorisation or 14 working days.

B. Corporate Applications Approved by the SC – Q2 2015

i) Applications Approved and Lodged

Table 4: Number of Applications Approved and Lodged

Type of Applications

No. of Applications Approved/Lodged

Q2 2015

Q1 2015

Q2 2014

Initial Public Offerings

  • Main Market

1

3

4

Reverse Take-Overs  and Back-Door Listings

1

1

Transfers from ACE Market to Main Market

0

1

2

Private Debt Securities and Sukuk

26

13

25

TOTAL

28

17

32

ii)         Private Debt Securities (PDS) and Sukuk

Table 5: Approved and lodged Ringgit-denominated issues

Type

Q2 2015

Q1 2015

Q2 2014

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

Conventional PDS

5

9,726.00

4

5,500.00

4(2)

13,702.60

Sukuk

9(1)

16,960.00

4

6,300.00

17(3)

21,690.00

Combination

6

8,500.00

Total

20

35,186.00

8

11,800.00

21

35,392.60

Note:

  • Include 2 multi-currency issues amounting to RM8.6 billion and 1 issue lodged under the Lodge & Launch Framework
  • Includes 1 multi-currency issue amounting to RM10.0 billion
  • Includes 1 multi-currency issue amounting to RM1.0 billion

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

Type

Q2 2015

Q1 2015

Q2 2014

No. of issues

Size (mil)

No. of issues

Size (mil)

No. of issues

Size (mil)

Conventional PDS

1(1)

USD15,000.00

Sukuk

3(2)

USD662.60

4(2,3)

USD791.45

1(2)

GBP38.50

2(2)

USD21.00

Combination

Total

4

USD15,662.60

4

USD791.45

1

GBP38.50

2

USD21.00

Note:
(1) Multi-currency issue.
(2) Offerings in Malaysia were part of global offerings.
(3) Includes 1 multi-currency issue amounting to USD311.0 million

Table 7: Approved foreign currency-denominated issues by Malaysian issuers

Type

Q2 2015

Q1 2015

Q2 2014

No. of issues

Size (mil)

No. of issues

Size (mil)

No. of issues

Size (mil)

Conventional PDS

2

USD1,500.00

Sukuk

1(1)

USD750.00

1(1)

USD500.00

Combination

Total

2

USD1,500.00

1

USD750.00

1

USD500.00

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

Q2 2015

Q1 2015

Q2 2014

Clearance of offer document(1)

4

6

8

Clearance of independent advice circular

7

8

11

Exemption from mandatory offer obligation

2

8

2

Others(2)

5

6

11

Total

18

28

32

Note:
(1)  Including documents relating to schemes for control.
(2)  Including ancillary rulings and exemption from the Code provisions.

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
2015

Q1
2015

Q2
2014

Establishment of new collective investment schemes

36

40

15

Establishment of retirement funds

3

0

0

Increase in fund size

2

0

0

Exemption/variation from Guidelines(1)

7

5

5

Other applications(2)

30

14

22

Total

78

59

42

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