Just under one month ago, LeapRate reported that Japan’s Financial Services Agency had confirmed that the Japanese division of Alpari has gone into administration, and that customer funds will be returned in full.
This resulted from Alpari Japan’s parent company Alpari UK having entered administration following the exposure to losses which resulted from the Swiss National Bank’s decision on January 15 to remove the 1.20 peg on the EURCHF pair.
The Japanese Kanto Local Finance Bureau has now extended the period of administrative actions on Alpari Japan K.K. pertaining to the Financial Instruments and Exchange Act.
Regarding the current situation of Alpari Japan K.K. with its parent company Alpari (UK) K.K., in order to ensure the interests of creditors and investors, it is necessary to extend the period of administrative actions for one month from February 16, 2015.
For the official announcement from the Japanese Financial Services Agency, click here.