CAPITAL MARKET STATISTICS

SC Scorecard Q3 2016
&
Statistics of Submissions Approved by the SC in Q3 2016

A. Corporate Submissions to the SC – Q3 2016

Table 1: Status of Substantive Applications as at 30 September 2016

Applications   

Total

Balance brought forward from Q2 2016

7

Add: Applications received in Q3 2016

2

Total applications

9

Less: Applications Considered in Q3 2016

(3)

Less: Applications Withdrawn in Q3 2016

(1)

Balance carried forward to Q4 2016

5

Table 2: Substantive Applications Considered/Withdrawn/Lodged in Q3 2016

Type of Applications

Considered

 Withdrawn

Lodged

Total

Approved

Not Approved

Returned

Initial Public Offering

  • Main Market

2

2

Acquisition, Reverse Take-Overs  and Back-Door Listings

1

1

Transfer from ACE Market to Main Market

1

1

Corporate Bonds and Sukuk

8

8

TOTAL

3

1

8

12

 

Table 3: Processing Turnaround Time for Substantive Applications Considered in Q3 2016

Total Substantive Applications Considered

Within Time Charter*

Exceed Time Charter

3

No.

%

No.

%

3

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 – Q3 2016

i) Applications Approved/Lodged

Table 4: Number of Applications Approved/Lodged

Type of Applications

No. of Applications Approved/Lodged

Q3 2016

Q2 2016

Q3 2015

Initial Public Offerings

  • Main Market

2

1

2

Acquisition, Reverse Take-Overs and Back-Door Listings

1

1

Transfers from ACE Market to Main Market

Secondary Listing

1

Corporate Bonds and Sukuk

8

13

11

TOTAL

11

15

14

 

ii) Private Debt Securities (PDS) and Sukuk

Table 5: Approved and Lodged Ringgit-denominated Issues
 

Type

Q3 2016

Q2 2016

Q3 2015

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

Conventional PDS

3

15,120.00

3

20,100.00

4

14,000.00

Sukuk

4

4,450.00

10

25,330.00

5

14,410.00

Combination

Total

7

19,570.00

13

45,430.00

9

28,410.00

Table 6: Approved and Lodged Foreign Currency-denominated Issues by Foreign Corporations

Type

Q3 2016

Q21 2016

Q3 2015

No. of issues

Size
(USD mil)

No. of issues

Size
(USD mil)

No. of issues

Size
(USD mil)

Conventional PDS

1(1)

31.50

Sukuk

Combination

Total

1

31.50

Note:
(1) Offering in Malaysia was part of global offering.

Table 7: Approved and Lodged Foreign Currency-denominated Issues by Malaysian Issuers

Type

Q3 2016

Q2 2016

Q3 2015

No. of issues

Size
(USD mil)

No. of issues

Size
(USD mil)

No. of issues

Size
(USD mil)

Conventional PDS

1

80.00(1)

1

120.00

Sukuk

Combination

Total

1

80.00

1

120.00

Note:
(1) Equivalent in Thai Baht.

iii)  Take-Overs & Mergers

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

Type

Number of Submissions Considered

Q3 2016

Q2 2016

Q3 2015

Clearance of offer document(1)

5

8

7

Clearance of independent advice circular(2)

7

8

7

Exemptions from mandatory offer obligation

2

2

2

Rulings and other ancillary applications

5

3

4

Total

19

21

20

Note:
(1) Including documents relating to schemes for control.
(2) Including independent advice circular for whitewash applications.

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

Q3
2016

Q2
2016

Q3
2015

Establishment of new collective investment schemes

11

12

8

Establishment of new private retirement funds

0

3

1

Recognition of foreign ASEAN CIS

0

0

0

Increase in fund size

4

1

0

Exemption/variation from Guidelines(1)

9

4

1

Other applications(2)

8

14

18

Total

32

34

28

Note:
(1) Excludes applications submitted through the establishment of new schemes.
(2) Includes applications for renewal of trustee’s registration, variation to proposal, extension of time and application in relation to online activities.