Page 35 - SC SCAR 2023 ENGLISH Flipbook

TABLE 10
Service charter performance – CIS
PART 2 REGULATORY PERFORMANCE AND OUTCOMES
Service
Measure
Target
Results
2023
2022
Authorisation of new unit trust fund
Decision issued within:
• 10 business days from the date of receiving the complete submission (for submission under the expedited approval process)
• 21 calendar days, excluding public holidays
(for submission received under the standard authorisation process) subject to the management company having fully addressed all the SC’s comments
90%
99%
99%
Investment Products
TABLE 11
Structured warrants considered
Structured warrants
2023
2022
No. of eligible issuers
7
7
No. of base prospectuses registered
7
7
No. of supplementary prospectuses registered
20
22
No. of term sheets registered
1,515
1,456
In 2023, the SC registered 1,515 term sheets for the offering of structured warrants, representing a 4% increase from 1,456 term sheets registered in 2022 (Table 11). Further, one new eligible structured warrants issuer registered its first structured warrants term sheet in 2023. These developments highlight the structured warrants market’s role in Malaysia’s capital market ecosystem, offering investors a wide range of investment opportunities as investors continue to seek avenues for portfolio diversification and potential returns.
TABLE 12
Service charter performance – investment products
Service
Measure
Target
Results
2023
2022
Registering a base prospectus for the offering of structured warrants
Registration of base prospectus before the intended date of the base prospectus, upon receipt of a complete application at least 14 market days prior to the intended date of registration of the base prospectus
100%
100%
100%
Registering a supplementary base prospectus for the offering of structured warrants
Registration of supplementary base prospectus before the intended date of the supplementary base prospectus, upon receipt of a complete application at least three market days prior to the intended date of registration of the supplementary base prospectus
100%
100%
Registering term sheets for the offering of structured warrants
Registration of term sheet before the intended date of the term sheet, upon receipt of a complete application at least one market day prior to the intended date of registration of the term sheet
100%
100%
SECURITIES COMMISSION MALAYSIA ANNUAL REPORT 2023 33