Page 171 - SC Annual Report 2018 (ENG)

Securities
Commission
Malaysia
ANNUAL
REPORT
2018

INvesTMeNT PRoducTs A total of 1,037 term sheets for the offering of
structured warrants were registered in 2018,
structured warrants representing an increase of 12.11% compared to
the 925 term sheets registered in 2017. The increase
There were 6 eligible issuers of structured warrants was attributable to the active issuance by issuers in
in 2018. The SC received and registered 6 base meeting investor interest during the year.
prospectuses and 9 supplementary prospectuses
from these issuers in 2018 (Table 5). In 2018, there was an increase in issuances of
structured warrants based on shares from 788 in
2017 to 879. In addition, issuances of structured
Table 5 warrants based on indices increased to 140 in 2018
structured warrants considered compared to 120 in the previous year.

2018 2017 The term sheets registered in 2018 enabled the
structured warrants issuers to offer up to a total of
No. of eligible issuers 6 7
53.19 billion structured warrants.
Base prospectuses 6 5*
registered
Supplementary 9 12 structured products
prospectuses registered
Term sheets registered 1,037 925
In 2018, 16 issuers lodged 21 new structured
Issue size (billion 53.19 48.25 product programmes with the SC under the LOLA
warrants)
Framework for unlisted capital market products.
Note: These programmes comprised a variety of underlying
* 2 issuers did not renew their base prospectuses which had references and had an aggregate size of RM100.05
expired in 2017.
billion with each programme having a size limit of
up to RM5.0 billion (Table 6).

Table 6
structured product programmes considered
2018 2017
No. of issuers lodged new programmes 16 9

No. of Size No. of Size
New programmes lodged
programmes (RM billion) programmes (RM billion)
Principle
– Conventional 17 85.00 20 100.00
– Islamic 4 15.05 - -

ToTAL 21 100.05 20 100.00

PART 5 »» STATEMENTS, STATiSTiCS ANd ACTiviTiES | 161

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