CAPITAL MARKET STATISTICS

SC Scorecard Q3 2011
&
Statistics of Submissions Approved by the SC in Q3 2011

A. Corporate Submissions to the SC – Q3 2011

Table 1: Status of Substantive Applications as at 30 September 2011

Applications

Total

Balance brought forward from Q2 2011

19

Add: Applications received in Q3 2011

^31

Total applications

50

Less: Applications Considered/Withdrawn in Q3 2011

(29)

Balance carried forward to Q4 2011

21

^Includes 14 equity proposals and 17 PDS proposals

Table 2: Substantive Applications Considered/Withdrawn in Q3 2011

Type of proposals

Considered

Withdrawn

Total

Approved

Rejected

Returned

Initial public offering

  • Main Market

2

3

4

9

Reverse Take-Overs and Restructurings

1

1

Transfer to Main Market

1

1

2

Private Debt Securities

15

1

16

Others

1

1

TOTAL

18

5

6

29

Table 3: Processing Turnaround Time for Substantive Applications Considered in Q3 2011

Substantive Applications

Within Time Charter1

Exceed Time Charter

Total

No.

%

No.

%

No.

%

23

100

23

100

(1)

The SC time charter for processing is computed from the date of receipt of complete information of 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 applications: Deemed approval and 14 working days.

B. Corporate Submissions Approved by the SC – Q3 2011

i) Proposals Approved

Table 4: Number of Corporate Proposals Approved

Type of Proposals

No. of Corporate Proposals Approved

Q3 2011

Q2 2011

Q3 2010

Initial public offering

  • Main Market

2

9

5

Reverse Take-Overs and Restructurings

2

Transfer to Main Market

1

1

Private Debt Securities

15

26

11

Others

1

4

1

TOTAL

18

42

18

ii) Private Debt Securities

Table 5: Approved RM-Denominated PDS

Type

Q3 2011

Q2 2011

Q3 2010

No. of proposals

Approved size
(RM mil)

No. of proposals

Approved size
(RM mil)

No. of proposals

Approved size
(RM mil)

Conventional

8

7,538.03

7

9,676.80

6

3,894.27

Sukuk

6

4,845.00

14

24,590.00

3

10,300.00

Combination(1)

1

3,500.00

1

2,000.00

Total

15

15,883.03

21

34,266.80

10

16,194.27

(1) Combination of conventional and sukuk.

Table 6: Approved Foreign Currency-denominated PDS by Foreign Corporations(1)

Type

Q3 2011

Q2 2011

Q3 2010

No. of proposals

Approved size (mil)

No. of proposals

Approved size (mil)

No. of proposals

Approved size (mil)

Conventional

1

CNY3,000.00

Sukuk

2

USD1,050.00

1

USD3,500.00

Combination

Total

1

CNY3,000.00

1

USD3,500.00

2

USD1,050.00

(1) Offers in Malaysia were part of global offering.


Table 7: Approved Foreign Currency-denominated PDS by Malaysian Issuers

Type

Q3 2011

Q2 2011

Q3 2010

No. of proposals

Approved size
(USD mil)

No. of proposals

Approved size
(USD mil)

No. of proposals

Approved size
(USD mil)

Conventional

2

2,500.00

Sukuk

Combination

Total

2

2,500.00

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

Q3 2011

Q2 2011

Q3 2010

Clearance of offer document

9

2

6

Exemption from Mandatory Offer (MO) obligation

8

7

11

Clearance of Independent Advice Circular (IAC)

10

11

12

Confirmation of Appointment of Independent Adviser (IA)

14

13

13

Others*

13

8

11

Total

54

^41

53

*

Includes extension of time, rulings, waiver from provisions of the Code and other ancillary applications.

^

Includes one rejection case (i.e. confirmation of the appointment of IA) which was not reported in Q2 2011 report as Q2 reporting was based on application approved. From Q3 onwards, reporting will be based on submissions considered.


iv) Unit Trusts & Collective Investment Schemes

Table 9: Number of Submissions Relating to Unit Trusts and Other Collective Investment Schemes Approved

Type

Number of Submissions Approved

Q3
2011

Q2
2011

Q3
2010

Establishment of new funds

20

31

28

Increase in fund size

23

21

8

Exemption/variation from Guidelines1

4

5

4

Other applications 2

6

17

16

Total

53

74

56

1

Excludes applications submitted through the establishment of new schemes.

2

Includes applications for extension of time

 

Table 10: Status of Licensing Applications in Q3 2011

Type of licence application

Received

Withdrawn

Returned

Considered

Approved

Rejected

Pending

Representative

New

361

0

20

341

309

0

32

Renewal

1,129

0

6

1,123

1,122

0

1

Corporation

 

 

 

 

 

New

7

0

0

7

1

0

6

Renewal

66

0

0

66

63

0

3

Individual

 

 

 

 

 

 

 

New

0

0

0

0

0

0

0

Renewal

1

0

0

1

1

0

0

Total

1,564

0

26

1,538

1,496

0

42

Table 11: Processing Turnaround Time for Licensing Applications in Q3 2011

Type of licence application

Within time charter

Exceeds time charter

Sub-
total

Exception

Total approved

Total

%

Total

%

Total

%

Representative

New

305

98.71

4

1.29

309

0

0

309

Renewal

1,122

100

0

0

1,122

0

0

1,122

Corporation

New

1

100

0

0

1

0

0

1

Renewal

55

88.71

7

11.29

62

1

1.59

63

Individual

New

0

0

0

0

0

0

0

0

Renewal

1

100

0

0

1

0

0

1

Total

1,484

99.26

11

0.74

1,495

1

0.07

1,496