CAPITAL MARKET STATISTICS

SC Scorecard Q4 2015
&
Statistics of Submissions Approved by the SC in Q4 2015

A. Corporate Submissions to the SC – Q4 2015

Table 1: Status of Substantive Applications as at 31 December 2015

Applications   

Total

Balance brought forward from Q2 2015

9

Add: Applications received in Q3 2015

5

Total applications

14

Less: Applications Considered in Q3 2015

(7)

Less: Applications Withdrawn in Q3 2015

(-)

Balance carried forward to Q4 2015

7

Table 2: Substantive Applications Considered/Withdrawn/Lodged in Q4 2015

Type of Applications

Considered

 

Withdrawn

Lodged

Total

Approved/
Authorised

Not Approved

Returned

Initial Public Offering

  • Main Market

3

3

Reverse Take-Overs  and Back-Door Listings

1

1

Transfer from ACE Market to Main Market

Offering of Securities

1

1

Private Debt Securities
(PDS) and Sukuk

2

13

15

TOTAL

7

13

20

Table 3: Processing Turnaround Time for Substantive Applications Considered in Q4 2015

Total Substantive Applications Considered

Within Time Charter*

Exceed Time Charter

7

No.

%

No.

%

6

86

1

14

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 – Q4 2015

i) Applications Approved and Lodged

Table 4: Number of Applications Approved and Lodged

Type of Applications

No. of Applications Approved/Lodged

Q4 2015

Q3 2015

Q4 2014

Initial Public Offerings

  • Main Market

3

2

2

Reverse Take-Overs and Back-Door Listings

1

1

2

Transfers from ACE Market to Main Market

2

Offering of Securities

1

PDS and Sukuk

15

11

30

TOTAL

20

14

36

ii) Private Debt Securities (PDS) and Sukuk

Table 5: Approved and lodged Ringgit-denominated issues

Type

Q4 2015

Q3 2015

Q4 2014

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

Conventional PDS

6

32,404.00

4

14,000.00

12(1)

4,809.71

Sukuk

7(2)

10,664.00

5

14,410.00

12

24,870.00

Combination

2

20,000.00

Total

13

43,068.00

9

28,410.00

26

49,679.71

Note:
(1) Include 1 multi-currency issue amounting to RM1.0 billion.
(2) Include 1 multi-currency issue amounting to RM5.0 billion.

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

Type

Q4 2015

Q3 2015

Q4 2014

No. of issues

Size (mil)

No. of issues

Size (mil)

No. of issues

Size (mil)

Conventional PDS

1(1)

42.50

1(1)

31.50

Sukuk

1

15,000.00

3(1)

125.50

Combination

Total

2

15,042.50

1

31.50

3

125.50

Note:
(1) Offerings in Malaysia were part of global offerings.

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

Type

Q4 2015

Q3 2015

Q4 2014

No. of issues

Size (mil)

No. of issues

Size (mil)

No. of issues

Size (mil)

Conventional PDS

1

120.00

Sukuk

1(1)

2,500.00

Combination

Total

1

120.00

1

2,500.00

Note:
(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

Q4 2015

Q3 2015

Q4 2014

Clearance of offer document(1)

5

7

5

Clearance of independent advice circular

6

7

9

Exemption from mandatory offer obligation

0

2

4

Others(2)

2

4

5

Total

13

20

23

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 & 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

Q4
2015

Q3
2015

Q4
2014

Establishment of new collective investment schemes

7

8

20

Establishment of retirement funds

0

1

2

Recognition of foreign ASEAN CIS

1

0

0

Increase in fund size

2

0

1

Exemption/variation from Guidelines(1)

4

1

1

Other applications(2)

22

18

20

Total

36

28

44

Note:
(1) Excludes applications submitted through the establishment of new schemes.
(2) Includes applications for variation to proposal, renewal of trustee’s registration, application to act as adviser under Guidelines for the Offering, Marketing and Distribution of Foreign Funds, clearance of audit scope, extension of time and application in relation to online activities.