CAPITAL MARKET STATISTICS

SC Scorecard Q4 2013
&
Statistics of Submissions Approved by the SC in Q4 2013

A. Corporate Submissions to the SC – Q4 2013
Table 1: Status of Substantive Applications as at 31 December 2013

Applications   

Total

Balance brought forward from Q3 2013

26

Add: Applications received in Q4 2013

27

Total applications

53

Less: Applications Considered in Q4 2013

(39)

Less: Applications Withdrawn in Q4 2013

(1)

Balance carried forward to Q1 2014

13

Table 2: Substantive Applications Considered/Withdrawn in Q4 2013

Type of Applications

Considered

 

Withdrawn

Total

Approved/
Authorised

Not Approved

Returned

Initial Public Offering

  • Main Market

1

1

Acquisition/Reverse Take-Overs  and Restructurings

1

1

Transfer from ACE Market to Main Market

Private Debt Securities

37

1

38

Others

TOTAL

38

1

1

40

Table 3: Processing Turnaround Time for Substantive Applications Considered in Q4 2013

Total Substantive Applications Considered

Within Time Charter1

Exceed Time Charter2

39

No.

%

No.

%

38

97

1

3

Note:
(1)  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 acquisition 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 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 are the need for further explanation/clarification on certain pertinent issues and for enhanced disclosures.

B. Corporate Applications Approved by the SC – Q4 2013
i) Applications Approved

Table 4: Number of Applications Approved

Type of Applications

No. of Applications Approved/Authorised

Q4 2013

Q3 2013

Q4 2012

Initial Public Offering

  • Main Market

5

6

Acquisition/Reverse Take-Overs  and Restructurings

1

1

Transfer from ACE Market to Main Market

1

Private Debt Securities

37

24

26

Others

6

TOTAL

38

30

39

ii) Private Debt Securities (PDS)

Table 5: Approved and Authorised Ringgit-Denominated issues

Type

Q4 2013

Q3 2013

Q4 2012

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

Conventional PDS

14

13,683.49

11(1)

14,494.41

9

2,216.15

Sukuk

18

64,995.00

8

8,165.00

17

21,518.38

Combination(2S)

2

500.00

Total

34

79,178.49

19

22,659.41

26

23,734.53

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

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

Type

Q4 2013

Q3 2013

Q4 2012

No. of issues

Size

No. of issues

Size

No. of issues

Size

Conventional PDS

Sukuk

3(1)

USD10.1 billion

3(2)

USD12.1 billion

Combination

Total

3

USD10.1 billion

3

USD12.1 billion

Note:
(1) Comprise 1 multi-currency issue amounting to USD10.0 billion, 1 global offering amounting to USD70.0 million and 1 global offering which has yet to finalise the offer size at the point of authorisation.
(2) Comprise 1 multi-currency issue amounting to USD12.0 billion and 2 global offerings amounting to USD77.2 million.

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

Type

Q4 2013

Q3 2013

Q4 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

Combination

Total

2

USD3.0 billion

Note:
(1)   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

Q4 2013

Q3 2013

Q4 2012

Clearance of offer document(1)

12

8

6

Clearance of independent advice circular

14

7

10

Exemption from mandatory offer obligation

9

8

0

Others(2)

9

14

11

Total

44

37

36

Note:
(1)  Including documents relating to schemes 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 Applications Approved

Q4
2013

Q3
2013

Q4
2012

Establishment of new collective investment schemes

19

22

29

Establishment of retirement funds

5

3

8

Increase in fund size

0

1

35

Exemption/variation from Guidelines(1)

6

5

5

Other applications (2)

25

17

16

Total

55

48

93

 Note:
(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 10
Status of Licensing Applications in Q4 2013

New licence application

Received

Withdrawn

Returned

Considered

Approved

Rejected

Pending

Representative

285

8

11

266

251

0

15

Corporation

11

0

0

11

6

0

5

Individual

0

0

0

0

0

0

0

Total

296

8

11

277

257

0

20

Table 11
Processing Turnaround Time for Licensing Applications in Q4 2013

New licence application

Within time charter

Exceeds time charter

Subtotal

Exception

Total approved

Total

%

Total

%

Total

%

Representative

251

100

0

0

251

0

0

251

Corporation

6

100

0

0

6

0

0

6

Individual

0

0

0

0

0

0

0

0

Total

257

100

0

0

257

0

0

257