CAPITAL MARKET STATISTICS

SC Scorecard Q4 2016
&
Statistics of Submissions Approved by the SC in Q4 2016

A. Corporate Submissions to the SC – Q4 2016

Table 1: Status of Substantive Applications as at 31 December 2016

Applications   

Total

Balance brought forward from Q3 2016

5

Add: Applications received in Q4 2016

4

Total applications

9

Less: Applications Considered in Q4 2016

(5)

Less: Applications Withdrawn in Q4 2016

(-)

Balance carried forward to Q1 2017

4

Table 2: Substantive Applications Considered/Withdrawn/Lodged in Q4 2016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 Withdrawn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

2

2

Transfer from ACE Market to Main Market

Corporate bonds and sukuk

1

21

22

TOTAL

5

21

26

Table 3: Processing Turnaround Time for Substantive Applications Considered in Q4 2016

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
  • 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 – Q4 2016

i) Applications Approved/Lodged

Table 4: Number of Applications Approved/Lodged

Type of Applications

No. of Applications Approved/Lodged

Q4 2016

Q3 2016

Q4 2015

Initial Public Offerings

  • Main Market

2

2

3

Acquisition, Reverse Take-Overs and Back-Door Listings

2

1

1

Transfers from ACE Market to Main Market

Offering of securities

1

Corporate bonds and sukuk

22

8

15

TOTAL

26

11

20

ii) Corporate bonds and sukuk

Table 5: Approved and lodged ringgit-denominated issues

Type

Q4 2016

Q3 2016

Q4 2015

No. of issues

Size
(RM mil)

No. of issues

 

No. of issues

Size
(RM mil)

Conventional bonds

11

26,856.27

3

15,120.00

6

32,404.00

Sukuk

10

25,289.00

4

4,450.00

7 (1)

10,664.00

Combination(2)

Total

21

52,145.27

7

19,570.00

13

43,068.00

Note:
(1) Include one multi-currency issue amounting to RM5.0 billion.
(2) Combination of sukuk and conventional notes.

Table 6: Approved and lodged foreign currency-denominated issues by foreign corporations

Type

Q4 2016

Q3 2016

Q4 2015

No. of issues

Size
(US$ mil)

No. of issues

 

No. of issues

Size
(US$ mil)

Conventional bonds

1(1)

42.50

Sukuk

1

15,000.00

Combination

Total

2

15,042.50

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

Table 7: Approved and lodged foreign currency-denominated issues by Malaysian issuers

Type

Q4 2016

Q3 2016

Q4 2015

No. of issues

Size
(US$ mil)

No. of issues

 

No. of issues

Size
(US$ mil)

Conventional bonds

1

80.00(1)

Sukuk

1(2)

2,500.00

Combination

Total

1

2,500.00

1

80.00

Note:
(1) Equivalent in Thai Baht.
(2) Multi-currency issue.

(iii)  Take-Overs & Mergers

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

Type

Number of Submissions Considered

Q4 2016

Q3 2016

Q4 2015

Clearance of offer document1

8

5

5

Clearance of independent advice circular2

11

7

6

Exemption from mandatory offer obligation

2

2

Others2

7

5

2

Total

28

19

13

Note:
1  Including documents relating to schemes for control.
2  Including independent advice circulars for whitewash exemptions.
3 Including rulings and exemptions from the provisions of Malaysian Code on Take-overs and Mergers 2010, Malaysian Code on Take-overs and Mergers 2016/ Rules on Take-overs, Mergers and Compulsory Acquisitions (as the case may be) and other ancillary 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

Q4
2016

Q3
2016

Q4
2015

Establishment of new collective investment schemes

2

11

7

Establishment of retirement funds

Recognition of foreign ASEAN CIS

1

Increase in fund size

4

2

Exemption/variation from Guidelines(1)

23

9

4

Other applications

11(2)

9

22

Total

36

33

36

Note:
(1) Excludes applications submitted together with the establishment of new schemes.
(2) Includes applications for renewal of trustee’s registration, variation to proposal and extension of time.