Untitled Document

CAPITAL MARKET STATISTICS

SC Scorecard Q3 2012
&
Statistics of Applications Approved by the SC in Q3 2012

A. Corporate Applications to the SC – Q3 2012

Table 1: Status of Substantive Applicationsas at 30 September 2012

Applications

Total

Balance brought forward from Q2 2012

28

Add: Applications received in Q3 2012

35

Total applications

63

Less: Applications Considered in Q3 2012

(39)

Less: Applications Withdrawn in Q3 2012

(2)

Balance carried forward to Q4 2012

22

Table 2: Substantive Applications Considered/Withdrawn in Q3 2012

Type of Applications

Considered

Withdrawn

Total

Approved

Rejected

Returned

Initial Public Offering

  • Main Market

2

1

3

Transfer from ACE Market to Main Market

1

1

Private Debt Securities

32

2

34

Others

3

3

TOTAL

38

1

2

41


Table 3: Processing Turnaround Time for Substantive Applications Considered in Q3 2012

Substantive Applications

Within Time Charter1

Exceed Time Charter2

Total

No.

%

No.

%

No.

%

39

100

39

100

Note:

(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 IPO applications and transfer of listing from the ACE Market to the Main Market of Bursa Malaysia: 32 working days; and

  • Private debt securities: Deemed approval and 14 working days.

(2)

Main reasons for exceeding time charter include incomplete application from the applicant and/or SC’s request for further clarification on certain pertinent issues.

B. Corporate Applications Approved by the SC – Q3 2012

i) Applications Approved

Table 4: Number of Applications Approved

Type of Applications

No. of Applications Approved

Q3 2012

Q2 2012

Q3 2011

Initial Public Offering

  • Main Market

2

2

2

Reverse Take-Overs and Restructurings

1

Transfer from ACE Market to Main Market

1

1

Cross Listing of Malaysian Corporations

1

Private Debt Securities (PDS)

32(1)

24(2)

19(3)

Others

3

3

1

TOTAL

38

32

22

Note:

(1)

25 Ringgit-denominated issues and 7 foreign currency-denominated issues of conventional PDS and sukuk (Tables 5, 6 & 7).

(2)

18 Ringgit-denominated issues and 6 foreign currency-denominated issues of conventional PDS and sukuk (Tables 5, 6 & 7).

(3)

19 Ringgit-denominated issues of conventional PDS and sukuk (Tables 5, 6 & 7).


ii) Private Debt Securities (PDS)

Table 5: Approved Ringgit-Denominated issues

Type

Q3 2012

Q2 2012

Q3 2011

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

Conventional PDS

11

7,324.62

12

12,255.00

10

7,786.72

Sukuk

14(1)

27,298.00

6

10,750.00

8

4,845.00

Combination(2)

1

3,500.00

Total

25

34,622.62

18

23,005.00

19

16,131.72

Note:
(1) Include 3 multi-currency issues amounting to RM7.0 billion.
(2) Combination of sukuk and conventional notes.

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

Type

Q3 2012

Q2 2012

Q3 2011

No. of issues

Size

No. of issues

Size

No. of issues

Size

Conventional PDS

Sukuk

6(1)

USD12.7 billion

3(2)

USD4.15 billion

Combination

Total

6

USD12.7 billion

3

USD4.15 billion

Note:

(1)

Include 5 global offerings wherein 2 issues have yet to finalise the offer size at the point of approval.

(2)

Comprise 1 multi-currency issue amounting to USD3.0 billion and 2 global offerings.

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

Type

Q3 2012

Q2 2012

Q3 2011

No. of issues

Size

No. of issues

Size

No. of issues

Size

Conventional PDS

3(1)

USD8.00 billion

Sukuk

1(1)

USD1.5 billion

Combination

Total

1

USD1.5 billion

3

USD8.00 billion

Note:
(1) Multi-currency issues.


iii) Take-Overs & Mergers

Table 8: Number of Applications Considered under the Malaysian Code on Take-overs and Mergers 2010

Type

Number of Applications Considered

Q3 2012

Q2 2012

Q3 2011(2)

Clearance of offer document (1)

14

8

11

Exemption from mandatory offer obligation

2

7

8

Clearance of independent advice circular

14

14

10

Others(3)

15

12

11

Total

45

41

40

Note:

(1)

Include clearance of documents relating to scheme of arrangement and selective capital repayment which are considered as take-over offers.

(2)

Certain comparable figures for Q3 2011 have been restated to conform to the current quarter’s presentation.

(3)

Include applications for extension of time, ruling, waiver from provisions of the Code, other ancillary applications and related decisions.

iv) Unit Trusts, Collective Investment Schemes & Private Retirement Schemes

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

Type

Number of Applications Approved

Q3
2012

Q2
2012

Q3
2011

Establishment of new funds

19

21

20

Establishment of retirement funds

24

Increase in fund size

35

28

23

Exemption/variation from Guidelines(1)

8

3

4

Other applications (2)

5

18

6

Total

91

70

53

Note:
(1) Excludes applications submitted through the establishment of new schemes.
(2) Including applications for change of trustee and extension of time.

v) Applications for Licences

Table 10: Status of Licensing Applications as at 1 July – 30 September 2012

New licence application

Received

Withdrawn

Returned

Considered

Approved

Pending

Representative

365

7

34

324

295

29

Corporation

4

0

0

4

0

4

Individual

0

0

0

0

0

0

Total

369

7

34

328

295

33

Table 11: Processing Turnaround Time for Licensing Applications, 1 July – 30 September 2012

New licence application

Within time charter

Exceeds time charter

Subtotal

Exception

Total approved

Total

%

Total

%

Total

%

Representative

295

100

0

0

295

0

0

295

Corporation

0

0

0

0

0

0

0

0

Individual

0

0

0

0

0

0

0

0

Total

295

100

0

0

295

0

0

295