Risk of Extraordinary Contributions to the Investor Protection Fund
First written in FY2020. 1 of 2 entries say "Restated". Latest entry: FY2021.
1 other company's latest entry also says "Restated".
- FY2021RestatedAnnual report
「Securities and money deposited by investors with the failed firm are protected up to ¥10 million per investor. However, if the total amount required to protect investors following the failure of a member financial instruments business operator exceeds the fund’s total accumulated reserves, the member firms, including our company, may be required to make extraordinary contributions.」
The investor protection fund’s protection limit of ¥10 million per investor and the risk of extraordinary contributions if the fund is insufficient are reconfirmed. - FY2020First statedAnnual report
「The Japan Investor Protection Fund, of which our company is a member, protects securities and money deposited with a failed member firm by each investor up to ¥10 million. However, if the total amount required to protect investors following the failure of a member financial instruments business operator exceeds the fund’s total accumulated reserves, the member firms, including our company, may be required to make extraordinary contributions.」
The protection limit of ¥10 million per investor under the investor protection fund and the possibility that member firms may be required to make extraordinary contributions if the fund is insufficient are newly disclosed.