CAPITAL MARKET STATISTICS

SC Scorecard Q4 2017
&
Statistics of Submissions Approved by the SC in Q4 2017

A. Corporate Submissions to the SC – Q4 2017

Table 1: Status of Substantive Applications as at 31 December 2017

Applications   

Total

Balance brought forward from Q3 2017

4

Add: Applications received in Q4 2017

2

Total applications

6

Less: Applications Considered in Q4 2017

(2)

Less: Applications Withdrawn in Q4 2017

(-)

Balance carried forward to Q1 2018

4

Table 2: Substantive Applications Considered/Withdrawn/Lodged in Q4 2017

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Withdrawn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

Transfer from ACE Market to Main Market

Corporate bonds and sukuk

27

27

TOTAL

27

29

Table 3: Processing Turnaround Time for Substantive Applications Considered in Q4 2017

Total Substantive Applications Considered

Within Time Charter*

Exceed Time Charter

2

No.

%

No.

%

2

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 2017

i) Applications Approved/Lodged

Table 4: Number of Applications Approved/Lodged

Type of Applications

No. of Applications Approved/Lodged

Q4 2017

Q3 2017

Q4 2016

Initial Public Offerings

  • Main Market

2

2

Acquisition, Reverse Take-Overs and Back-Door Listings

1

2

Transfers from ACE Market to Main Market

1

Secondary listing

Corporate bonds and sukuk

27

22

22

TOTAL

29

24

26

ii) Corporate bonds and sukuk

Table 5: Approved and lodged ringgit-denominated issues

Type

Q4 2017

Q3 2017

Q4 2016

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

Conventional bonds

11

42,685.00

9

9,599.00

10

26,757.00

Sukuk

16

46,975.00

12

18,919.00

10

25,289.00

Combination(1)

Total

27

89,660.00

21

28,518.00

20

52,046.00

Note:
(1) Combination of sukuk and conventional notes.

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

Type

Q4 2017

Q3 2017

Q4 2016

No. of issues

Size
(USD mil)

No. of issues

Size
(USD mil)

No. of issues

Size
(USD mil)

Conventional bonds

1(1)

500.00

Sukuk

Combination

Total

1

500.00

Note:

(1)Multi-currency issue.

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

Type

Q4 2017

Q3 2017

Q4 2016

No. of issues

Size (mil)

No. of issues

Size (mil)

No. of issues

Size (mil)

Conventional bonds

Sukuk

1

2,500.00

Combination

Total

1

2,500.00

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 2017

Q3 2017

Q4 2016

Clearance of offer document1

11

1

8

Clearance of independent advice circular2

11

7

11

Exemption from mandatory offer obligation

6

7

2

Others3

9

2

7

Total

37

17

28

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

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
2017

Q3
2017

Q4
2016

Establishment of new collective investment schemes

9

16

2

Establishment of retirement funds

0

0

0

Recognition of foreign ASEAN CIS

0

0

0

Increase in fund size

2

0

0

Exemption/variation from Guidelines1

11

9

23

Other applications

81

9

11

Total

30

34

36

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