CAPITAL MARKET STATISTICS

SC Scorecard Q4 2014
&
Statistics of Submissions Approved by the SC in Q4 2014

A. Corporate Submissions to the SC – Q4 2014

Table 1: Status of Substantive Applications as at 31 December 2014

Applications   

Total

Balance brought forward from Q3 2014

32

Add: Applications received in Q4 2014

30

Total applications

62

Less: Applications Considered in Q4 2014

(36)

Less: Applications Withdrawn in Q4 2014

(0)

Balance carried forward to Q1 2015

26

Table 2: Substantive Applications Considered/Withdrawn in Q4 2014

Type of Applications

Considered

Withdrawn

Total

Approved/
Authorised

Not Approved

Returned

Initial Public Offering

  • Main Market

2

2

Reverse Take-Overs  and Back-Door Listings

2

2

Transfer from ACE Market to Main Market

2

2

Private Debt Securities

30

30

TOTAL

36

36

Table 3: Processing Turnaround Time for Substantive Applications Considered in Q4 2014

Total Substantive Applications Considered

Within Time Charter*

Exceed Time Charter

36

No.

%

No.

%

36

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
  • Private debt securities: Deemed approval/authorisation and 14 working days.

B. Corporate Applications Approved by the SC – Q4 2014

i) Applications Approved

Table 4: Number of Applications Approved/Authorised

Type of Applications

No. of Applications Approved/Authorised

Q4 2014

Q3 2014

Q4 2013

Initial Public Offering

  • Main Market

2

1

Reverse Take-Overs  and Back-Door Listings

2

1

Transfer from ACE Market to Main Market

2

Private Debt Securities

30

28

37

TOTAL

36

29

38

ii) Private Debt Securities (PDS)

Table 5: Approved and Authorised Ringgit-Denominated issues

Type

Q4 2014

Q3 2014

Q4 2013

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

Conventional PDS

12(1)

4,809.71

8

17,241.66

14

13,683.49

Sukuk

12

24,870.00

11

8,435.00

18

64,995.00

Combination(2)

2

20,000.00

2

500.00

Total

26

49,679.71

19

25,676.66

34

79,178.49

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 2014

Q3 2014

Q4 2013

No. of issues

Size

No. of issues

Size

No. of issues

Size

Conventional PDS

1(1)

USD2.5 billion

Sukuk

3(2)

USD125.5 million

4(2)

USD480.0 million

3(2)

USD10.1 billion

1(2)

EUR33.0 million

Combination

Total

3

USD125.5 million

1

EUR33.0 million

3

USD10.1 billion

5

USD3.0 billion

Note:
(1) Multi-currency issue.
(2) Offerings in Malaysia were part of global offerings.

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

Type

Q4 2014

Q3 2014

Q4 2013

No. of issues

Size

No. of issues

Size

No. of issues

Size

Conventional PDS

3(1)

USD15.0 billion

Sukuk

1(1)

USD2.5 billion

Combination

Total

1

USD2.5 billion

3

USD15.0 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 2014

Q3 2014

Q4 2013

Clearance of offer document(1)

5

3

12

Clearance of independent advice circular

9

2

14

Exemption from mandatory offer obligation

4

4

9

Others(2)

5

13

9

Total

23

22

44

Note:
(1)  Including documents relating to schemes for control.
(2)  Including the eligibility to act as independent adviser for take-over proposals, extension of time, rulings, ancillary applications and other related decisions.

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

Q4
2014

Q3
2014

Q4
2013

Establishment of new collective investment schemes

20

29

19

Establishment of retirement funds

2

0

5

Increase in fund size

1

1

0

Exemption/variation from Guidelines(1)

1

2

6

Other applications(2)

20

14

25

Total

44

46

55

 Note:
(1)  Excludes applications submitted through the establishment of new schemes.
(2)  Includes applications for variation to proposal, clearance of audit scope, extension of time and in relation to online activities.