CAPITAL MARKET STATISTICS
SC Scorecard Q1 2017
&
Statistics of Submissions Approved by the SC in Q2 2017

A. Corporate Submissions to the SC

Table 1
Status of substantive applications as at 30 June 2017

Applications   

Total

Balance brought forward from Q1 2017

Add: Applications received in Q2 2017

4

Total applications

4

Less: Applications considered in Q2 2017

(2)

Less: Applications withdrawn in Q2 2017

(-)

Balance carried forward to Q3 2017

2

Table 2
Substantive applications considered/withdrawn/lodged

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Withdrawn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

16

17

TOTAL

2

16

18

Table 3
Processing turnaround time for substantive applications considered

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

(i) Applications Approved/Lodged

Table 4
Number of applications approved/lodged

Type of applications

No. of applications approved/lodged

Q2 2017

Q1 2017

Q2 2016

Initial public offerings

  • Main Market

1

1

Acquisition, reverse take-overs and back-door listings

Transfers from ACE Market to Main Market

1

Secondary listing

1

Corporate bonds and sukuk

17

18

13

TOTAL

18

19

15

(ii) Corporate Bonds and Sukuk

Table 5
Approved and lodged ringgit-denominated issues

Type

Q2 2017

Q1 2017

Q2 2016

No. of issues

Size
(RM mil)

No. of issues

No. of issues

No. of issues

Size
(RM mil)

Conventional bonds

7

33,638.86

6(1)

7,836.06

3

20,100.00

Sukuk

9

16,015.00

10

12,250.00

10

25,330.00

Combination(2)

Total

16

49,653.86

16

20,086.06

13

45,430.00

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

Q2 2017

Q1 2017

Q2 2016

No. of issues

Size
(USD mil)

No. of issues

Size
(USD mil)

No. of issues

Size
(USD mil)

Conventional bonds

Sukuk

2(1)

174.70

Combination

Total

2

174.70

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

Table 7
Approved and lodged foreign currency-denominated issues by Malaysian issuers

Type

Q2 2017

Q1 2017

Q2 2016

No. of issues

Size (mil)

No. of issues

Size (mil)

No. of issues

Size (mil)

Conventional bonds

1

RMB6,000.00

Sukuk

Combination

Total

1

RMB6,000.00

(iii) Take-Overs and Mergers

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

Type

Number of submissions considered

Q2 2017

Q1 2017

Q2 2016

Clearance of offer document (1)

6

7

8

Clearance of independent advice circular (2)

7

8

8

Exemption from mandatory offer obligation

1

4

2

Others (3)

3

4

3

Total

17

23

21

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

Q2
2017

Q1
2017

Q2
2016

Establishment of new collective investment schemes

16

10

12

Establishment of new private retirement funds

3

Recognition of foreign ASEAN CIS

Increase in fund size

1

3

1

Exemption/variation from Guidelines(1)

5

8

4

Other applications

12(2)

8

14

Total

34

29

34

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

C. LICENSING

Table 10
Status of licensing applications

New licence application

Received

Withdrawn

Returned

Considered

Approved

Rejected

Pending

Representative

292

15

15

262

237

25

Corporation

12

12

6

6

Individual

Total

304

15

15

274

243

31

Table 5
Processing turnaround time for licensing applications

New licence application

Within time charter

Exceeds time charter

Subtotal

Exception

Total approved

Total

%

Total

%

Total

%

Representative

236

99.6

1(1)

0.4

237

237

Corporation

6

100

6

6

Individual

Total

242

99.6

1

0.4

243

243

Note:
(1) The time charter was exceeded by one business day, for one application.