CAPITAL MARKET STATISTICS

SC Scorecard Q1 2013
&
Statistics of Submissions Approved by the SC in Q1 2013

A. Corporate Submissions to the SC – Q1 2013

Table 1: Status of Substantive Applications as at 31 March 2013

Applications

Total

Balance brought forward from Q4 2012

26

Add: Applications received in Q1 2013

20

Total applications

46

Less: Applications Considered in Q1 2013

(30)

Less: Applications Withdrawn in Q1 2013

(-)

Balance carried forward to Q2 2013

16

Table 2: Substantive Applications Considered/Withdrawn in Q1 2013

Type of Applications

Considered

Withdrawn

Total

Approved

Rejected

Returned

Initial Public Offering

  • Main Market

3

1

4

Reverse Take-Overs and Restructurings

1

1

Transfer from ACE Market to Main Market

1

1

Private Debt Securities

22

1

23

Others

1

1

TOTAL

28

2

30

Table 3: Processing Turnaround Time for Substantive Applications Considered in Q1 2013

Substantive Applications

Within Time Charter1

Exceed Time Charter

Total

No.

%

No.

%

No.

%

28

93

2

7

30

100

(1) The SC time charter for processing is computed from the date of receipt of complete information on the application up to the date of the decision letter, and this is applicable to the following proposals:

  • Initial public offerings (IPOs) and acquisition of assets resulting in a significant change in the business direction/policy of a listed company: 52 working days;
  • Large capitalisation IPOs applications and transfer of listing to the Main Market of Bursa Malaysia: 32 working days; and
  • Private debt securities: Deemed approval/authorisation and 14 working days.
(2) Main reasons for exceeding time charter include the need for SC to request for further clarification on certain pertinent issues and for enhanced disclosures.

B. Corporate Applications Approved by the SC – Q1 2013

i) Applications Approved

Table 4: Number of Applications Approved

Type of Applications

No. of Applications Approved

Q1 2013

Q4 2012

Q1 2012

Initial Public Offering

  • Main Market

3

6

1

Reverse Take-Overs and Restructurings

1

1

2

Transfer from ACE Market to Main Market

1

Private Debt Securities

22(1)

26(2)

16(3)

Others

1

6

3

TOTAL

28

39

22

(1) 22 applications comprising 18 Ringgit-denominated issues and 4 foreign currency-denominated issues of conventional PDS and sukuk (Tables 5, 6 & 7)
(2) 26 Ringgit-denominated issues of conventional PDS and sukuk (Table 5).
(3) 16 applications comprising 12 Ringgit-denominated issues and 4 foreign currency-denominated issues of conventional PDS and sukuk (Tables 5 & 6).

ii) Private Debt Securities (PDS)

Table 5: Approved and Authorised Ringgit-Denominated issues

Type

Q1 2013

Q4 2012

Q1 2012

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

Conventional PDS

8

5,148.00

9

2,216.15

8

10,412.08

Sukuk

10

7,410.00

17

21,518.38

4

11,525.00

Combination(1)

Total

18

12,558.00

26

23,734.53

12

21,937.08

(1) Combination of sukuk and conventional notes.

Table 6: Approved foreign currency-denominated issues by foreign corporations(1)

Type

Q1 2013

Q4 2012

Q1 2012

No. of issues

Size

No. of issues

Size

No. of issues

Size

Conventional PDS

1

SGD2.0 billion

Sukuk

3(2)

USD35.0 million

3

USD4.15 billion

Combination

Total

3

USD35.0 million

1

SGD2.0 billion

3

USD4.15 billion

(1) Offerings in Malaysia were part of global offerings.
(2) 2 issues have yet to finalise the offer size at the point of authorisation.

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

Type

Q1 2013

Q4 2012

Q1 2012

No. of issues

Size

No. of issues

Size

No. of issues

Size

Conventional PDS

Sukuk

1(1)

USD1.5 billion

Combination

Total

1

USD1.5 billion

(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

Q1 2013

Q4 2012

Q1 2012

Clearance of offer document1

8

6

7

Exemption from mandatory offer obligation

13

9

8

Clearance of independent advice circular

5

10

5

Others*

6

11

9

Total

32

36

29

Note:
(1) Including documents relating to scheme for control under the Companies Act 1965.
(2) Including rulings, ancillary applications and other related decisions.

iv) Unit Trusts & Collective Investment Schemes

Table 9: Number of Applications Approved Relating to Unit Trusts, Other Collective Investment Schemes and Private Retirement Schemes

Type

Number of Submissions Approved

Q1
2013

Q4
2012

Q1
2012

Establishment of new funds

15

29

14

Establishment of retirement funds

0

8

0

Increase in fund size

2

35

43

Exemption/variation from Guidelines(1)

3

5

1

Other applications(2)

17

16

20

Total

37

93

78

(1) Excludes applications submitted through the establishment of new schemes.
(2) Includes applications for extension of time, change of trustee, registration of new trustee and change of fund name.

Table 1:  Status of Licensing Applications as at 1 January – 31 March 2013 (Q1)

New licence application

Received

Withdrawn

Returned

Considered

Approved

Pending

Representative

294

3

14

277

190

87

Corporation

8

1

0

7

0

7

Individual

0

0

0

0

0

0

Total

302

4

14

284

190

94

 

 

 

 

 

 

 

Table 2: Processing Turnaround Time for Licensing Applications, 1 January – 31 March 2013 (Q1)

New licence application

 

Within time charter

Exceeds time charter

Subtotal

Exception

Total approved

Total

%

Total

%

Total

%

Representative

190

100

0

0

190

0

0

190

Corporation

0

0

0

0

0

0

0

0

Individual

0

0

0

0

0

0

0

0

Total

190

100

0

0

190

0

0

190