CAPITAL MARKET STATISTICS

SC Scorecard Q3 2013
&
Statistics of Submissions Approved by the SC in Q3 2013

A. Corporate Submissions to the SC – Q3 2013

Table 1: Status of Substantive Applications as at 30 September 2013

Applications

Total

Balance brought forward from Q2 2013

16

Add: Applications received in Q3 2013

41

Total applications

57

Less: Applications Considered in Q3 2013

(30)

Less: Applications Withdrawn in Q3 2013

(1)

Balance carried forward to Q4 2013

26

Table 2: Substantive Applications Considered/Withdrawn in Q3 2013

Type of Applications

Considered

Withdrawn

Total

Approved

Rejected

Returned

Initial Public Offering

  • Main Market

5

1

6

Reverse Take-Overs and Restructurings

Transfer from ACE Market to Main Market

1

1

Private Debt Securities

24

24

Others

TOTAL

30

1

31

Table 3: Processing Turnaround Time for Substantive Applications Considered in Q1 2013

Substantive Applications

Within Time Charter1

Exceed Time Charter

Total

No.

%

No.

%

No.

%

28

93

2

7

30

100

(1) The SC time charter for processing is computed from the date of receipt of complete information on the application up to the date of the decision letter, and this is applicable to the following proposals:

  • Initial public offerings (IPOs) and acquisition of assets resulting in a significant change in the business direction/policy of a listed company: 52 working days;
  • Large capitalisation IPOs applications and transfer of listing 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 include the need for SC to request for further clarification on certain pertinent issues and for enhanced disclosures.

B. Corporate Applications Approved by the SC – Q3 2013

i) Applications Approved

Table 4: Number of Applications Approved

Type of Applications

No. of Applications Approved

Q3 2013

Q2 2013

Q3 2012

Initial Public Offering

  • Main Market

5

4

2

Reverse Take-Overs and Restructurings

1

Transfer from ACE Market to Main Market

1

1

1

Private Debt Securities

24

20

32

Others

1

3

TOTAL

30

27

38

(1) 22 applications comprising 18 Ringgit-denominated issues and 4 foreign currency-denominated issues of conventional PDS and sukuk (Tables 5, 6 & 7)
(2) 26 Ringgit-denominated issues of conventional PDS and sukuk (Table 5).
(3) 16 applications comprising 12 Ringgit-denominated issues and 4 foreign currency-denominated issues of conventional PDS and sukuk (Tables 5 & 6).

ii) Private Debt Securities (PDS)

Table 5: Approved and Authorised Ringgit-Denominated issues

Type

Q3 2013

Q2 2013

Q3 2012

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

Conventional PDS

11(1)

14,494.41

4

15,119.40

11

7,324.62

Sukuk

8

8,165.00

13

18,559.00

14(2)

27,298.00

Combination(1)

Total

19

22,659.41

17

33,678.40

25

34,622.62

(1) Include 1 multi-currency issue amounting to RM1.0 billion.
(2) Include 3 multi-currency issues amounting to RM7.0 billion.
(3) Combination of sukuk and conventional notes.

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

Type

Q3 2013

Q2 2013

Q3 2012

No. of issues

Size

No. of issues

Size

No. of issues

Size

Conventional PDS

1

SGD2.0 billion

Sukuk

3(2)

USD35.0 million

3

USD4.15 billion

Combination

Total

3

USD35.0 million

1

SGD2.0 billion

3

USD4.15 billion

(1)   Offerings in Malaysia were part of global offerings.
(2)   Comprise 1 multi-currency issue amounting to USD12.0 billion and 2 global offerings which have yet to finalise the offer size at the point of authorisation.
(3)   2 issues have yet to finalise the offer size at the point of authorisation.
(4)    Include 5 global offerings wherein 2 issues have yet to finalise the offer size at the point of authorisation.

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

Type

Q3 2013

Q2 2013

Q3 2012

No. of issues

Size

No. of issues

Size

No. of issues

Size

Conventional PDS

1(1)

USD2.0 billion

Sukuk

1(1)

USD1.0 billion

1(1)

USD1.5 billion

Combination

Total

2

USD3.0 billion

1

USD1.5 billion

(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

Q3 2013

Q2 2013

Q3 2012

Clearance of offer document1

8

5

14

Exemption from mandatory offer obligation

7

12

2

Clearance of independent advice circular

8

7

14

Others2

14

6

15

Total

37

30

45

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

iv) Unit Trusts & Collective Investment Schemes

Table 9: Number of Applications Approved Relating to Unit Trusts, Other Collective Investment Schemes and Private Retirement Schemes

Type

Number of Submissions Approved

Q3
2013

Q2
2013

Q3
2012

Establishment of new funds

22

22

19

Establishment of retirement funds

3

4

24

Increase in fund size

1

1

35

Exemption/variation from Guidelines(1)

5

5

8

Other applications(2)

17

23

5

Total

48

55

91

(1)  Excludes applications submitted through the establishment of new schemes.
(2)  Including applications for change of trustee, extension of time, change of management company and clearance of audit scope.

Table 1 – Status of Licensing Applications in Q3, 2013

New licence application

Received

Withdrawn

Returned

Considered

Approved

Rejected

Pending

Representative

388

9

14

365

318

1

46

Corporation

19

0

0

19

9

0

10

Individual

0

0

0

0

0

0

0

Total

407

9

14

384

327

1

56

 

 

Table 2 – Processing Turnaround Time for Licensing Applications in Q3, 2013

New licence application

 

Within time charter

Exceeds time charter

Subtotal

Exception

Total approved

Total

%

Total

%

Total

%

Representative

318

100

0

0

318

0

0

318

Corporation

9

100

0

0

9

0

0

9

Individual

0

0

0

0

0

0

0

0

Total

327

100

0

0

327

0

0

327