Page 226 - SC SCAR 2023 ENGLISH Flipbook

PART 6 MARKET STATISTICS
Structured Products
In 2023, a total of 12 issuers lodged 20 new structured product programmes with the SC under the LOLA Framework for unlisted capital market products. These programmes comprised a variety of underlying references and had an aggregate size of RM100 billion with each programme having a size limit of up to RM5 billion (Table 4).
TABLE 4
Structured product programmes
2023
2022
New programmes lodged
No. of programmes
Size (RM billion)
No. of programmes
Size (RM billion)
Principle
– Conventional – Islamic
18 2
90 10
20 2
100 10
TOTAL
20
100
22
110
Structured Product Series
The Malaysian structured product market reported a substantial increase of 24% of total new issuances in 2023 compared to 2022.
HNWIs continued to form the majority of investors accounting for 91.9% of investors in structured product. 2023 saw a significant increase of 24.4% on the offering of structured product to HNWIs from 2022. The balance of 8.1% of investors consisted of high-net-worth entities (HNWEs) and accredited investors and persons who acquire the unlisted capital market product for a consideration of not less than RM250,000 per transaction category (Chart 10).
Conventional structured products continued its market domination accounting for 98.3% of issuance in 2023 (Chart 11).
In 2023, a total of 167 structured product series were lodged under the LOLA Framework for the offering to sophisticated investors (2022: 153), representing an increase of 9%.
CHART 10
Breakdown by investor type
Accredited investors 0.7%
HNWEs 7.2%
Investor
≥ RM250,000 0.2%
CHART 11
Breakdown by principle
Islamic 1.7%
HNWIs 91.9%
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SECURITIES COMMISSION MALAYSIA ANNUAL REPORT 2023
Conventional 98.3%