ENFORCEMENT ACTIVITIES | 2015 | 2016 | 2017 | 2018 |
---|---|---|---|---|
Cases referred to Enforcement | 22 | 27 | 20 | 16 |
Investigations initiated (no. of cases)
| 10 | 13 | 8 | 6 |
Investigations completed (no. of cases)
| 13 | 10 | 10 | 12 |
Persons charged in criminal proceedings
| 17 | 17 | 10 | 8 |
Criminal charges laid
| 220 | 61 | 39 | 14 |
Persons against whom civil actions initiated
| 5 | 2 | 20 | - |
Person involved in regulatory settlements
| 6 | 2 | 7 | 3 |
Administrative actions
| 41 | 37 | 32 | 80 |
The SC considered 15 submissions in relation to take-overs, mergers and compulsory acquisitions in Q2 2022, comprising the following:
The total number of submissions considered during Q2 2022 was similar to the corresponding quarter in 2021.
The 2 take-over offer documents cleared by the SC involved a total offer value of RM0.11 billion, comprising the offer by Dato’ Lim Kian Onn for ECM Libra Group Bhd with an offer value of RM43.1 million and the offer by Dato’ Sri Dr Pang Chow Huat for Computer Forms (Malaysia) Bhd with offer value of RM64.6 million.
Pursuant to the revised Rules issued on 28 December 2021, circulars for whitewash exemptions must be submitted to the SC for its comments and clearance on the contents relating to the whitewash exemptions. Following this, 1 circular was cleared by the SC in Q2 2022. Property RM0.36 billion Utilities RM12 billion Securities Commission Malaysia 2nd Quarter 2022 23 537.91
The 3 applications for exemption from the mandatory offer obligation involved acquisitions or transfer of shares within members of a group of persons acting in concert.
Of the 6 other applications considered by the SC, 2 applications sought its consent for the offerors to reduce their entitlements in relation to the voting shares in the offeree companies during the offer period which had commenced for the proposed take-over offers in the respective companies.
As at 30 June 2022 | As at 31 March 2022 | |
---|---|---|
Total no. of launched funds |
752 |
749 |
Units in circulation (billion units) |
764.91 |
768.23 |
Fund Category | NAV (RM billion) | % |
---|---|---|
Mixed asset |
240.52 |
49.41 |
Equity |
106.77 | 21.93 |
Money market |
61.98 | 12.73 |
Fixed income/Bond/Sukuk/Debenture |
51.64 | 10.61 |
Feeder |
11.31 | 2.32 |
Balanced |
6.68 | 1.38 |
Fund of funds |
3.95 | 0.81 |
Others |
3.95 | 0.81 |
TOTAL |
486.80 | 486.80 |
With the launch of Principal RetireEasy Income and Principal Islamic RetireEasy Income on 20 April 2022, there were 12 private retirement schemes (PRS) comprising 62 private retirement funds offered by 8 providers as at 30 June 2022, with a total NAV of RM5.09 billion. There were 32 conventional funds and 30 shariah-compliant funds. Of the total NAV, conventional funds accounted for 67.67% while Shariah-compliant funds accounted for the remaining 32.33%.
The SC considered 14 applications in Q2 2022 as compared to 25 applications in Q1 2022 in relation to the establishment of new collective investment schemes (CIS) and other applications. In addition, the SC considered 58 applications in relation to the registration of prospectuses, disclosure documents and deeds in Q2 2022 as compared to 45 applications in Q1 2022.
In Q2 2022, the SC authorised 8 unit trust funds.