CAPITAL MARKET STATISTICS

SC Scorecard Q3 2015
&
Statistics of Submissions Approved by the SC in Q3 2015

A. Corporate Submissions to the SC – Q3 2015

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

Applications   

Total

Balance brought forward from Q2 2015

10

Add: Applications received in Q3 2015

5

Total applications

15

Less: Applications Considered in Q3 2015

(5)

Less: Applications Withdrawn in Q3 2015

(1)

Balance carried forward to Q4 2015

9

Table 2: Substantive Applications Considered/Withdrawn/Lodged in Q3 2015

Type of Applications

Considered

 

Withdrawn

Lodged

Total

Approved/
Authorised

Not Approved

Returned

Initial Public Offering

  • Main Market

2

1

3

Reverse Take-Overs  and Back-Door Listings

1

1

Transfer from ACE Market to Main Market

Private Debt Securities
(PDS) and Sukuk

2

9

11

TOTAL

5

1

9

15

Table 3: Processing Turnaround Time for Substantive Applications Considered in Q3 2015

Total Substantive Applications Considered

Within Time Charter*

Exceed Time Charter

5

No.

%

No.

%

5

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
  • PDS and sukuk: Deemed approval or 14 working days.

B. Corporate Applications Approved by the SC – Q3 2015

i) Applications Approved and Lodged

Table 4: Number of Applications Approved and Lodged

Type of Applications

No. of Applications Approved/Lodged

Q3 2015

Q2 2015

Q3 2014

Initial Public Offerings

  • Main Market

2

1

1

Reverse Take-Overs and Back-Door Listings

1

1

Transfers from ACE Market to Main Market

PDS and Sukuk

11

26

28

TOTAL

14

28

29

ii) Private Debt Securities (PDS) and Sukuk

Table 5: Approved and lodged Ringgit-denominated issues

Type

Q3 2015

Q2 2015

Q3 2014

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

Conventional PDS

4

14,000.00

5

9,726.00

8

17,241.66

Sukuk

5

14,410.00

9(1)

16,960.00

11

8,435.00

Combination

6

8,500.00

Total

9

28,410.00

20

35,186.00

19

25,676.66

Note:

  • Include 2 multi-currency issues amounting to RM8.6 billion.

Table 6: Approved and lodged Foreign Currency-denominated issues by Foreign Corporations                             

Type

Q3 2015

Q2 2015

Q3 2014

No. of issues

Size (mil)

No. of issues

Size (mil)

No. of issues

Size (mil)

Conventional PDS

1(1,2)

1(3)

USD15,000.00

1(3)

USD2,500.00

Sukuk

3(2)

USD662.60

4(2)

USD480.00

1(2)

EUR33.00

Combination

Total

1

4

USD15,662.60

5

USD2,980.00

1

EUR33.00

Note:
(1)  Offer size has yet to be finalised at the point of approval.
(2)  Offerings in Malaysia were part of global offerings.
(3)  Multi-currency issue.

Table 7: Approved and lodged Foreign Currency-denominated issues by Malaysian issuers

Type

Q3 2015

Q2 2015

Q3 2014

No. of issues

Size (mil)

No. of issues

Size (mil)

No. of issues

Size (mil)

Conventional PDS

1

USD120.00

2

USD1,500.00

3(1)

USD15,000.00

Sukuk

Combination

Total

1

USD120.00

2

USD1,500.00

3

USD15,000.00

Note:

  • Multi-currency issues.

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 2015

Q2 2015

Q3 2014

Clearance of offer document(1)

7

4

3

Clearance of independent advice circular

7

7

2

Exemption from mandatory offer obligation

2

2

4

Others(2)

4

5

13

Total

20

18

22

Note:
(1)  Including documents relating to schemes for control.
(2) Including the eligibility to act as independent adviser for take-over proposals, ruling, ancillary applications 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

Q3
2015

Q2
2015

Q3
2014

Establishment of new collective investment schemes

8

36

29

Establishment of retirement funds

1

3

0

Increase in fund size

0

2

1

Exemption/variation from Guidelines(1)

1

7

2

Other applications(2)

18

30

14

Total

28

78

46

Note:
(1) Excludes applications submitted through the establishment of new schemes.
(2) Includes applications to act as adviser under the Guidelines of Offering, Marketing and Distribution of Foreign Funds, extension of time, variation to proposal and clearance of audit scope.