KPMG invites 83,000 Alpari (UK) clients to use Claims Portal

KPMG, the firm responsible for the special administration of ill-fated Forex broker Alpari (UK) Limited, has issued another update to (former) clients of the broker.

This time the joint special administrators focus on the work of the Claims Portal. After soft-launching the dedicated portal on February 26, 2015, offering access only to 500 clients of the insolvent company, KPMG has now markedly increased the number of those who can access the designated resource.

According to the latest update, KPMG has invited 83,000 Alpari (UK) clients to make their claims regarding the return of their funds in the special portal. The administrators stress in their announcement that it is unlikely that further clients will be able to access the Claims Portal prior to the Initial Meeting on 12 March 2015.

Those who do not have access to the Claims Portal but would like to vote at the Initial Meeting have to submit a Statement of Claim prior to 12 noon on 11 March 2015.

Clients of Alpari UK got another useful piece of news yesterday, as the Financial Services Compensation Scheme (FSCS) officially confirmed that they are entitled to claim compensation for funds of up to GBP 50,000. Anyone willing to transfer their claim to the FSCS should state their intention on the KPMG-run Claims Portal.

To view the full announcement by KPMG, click here.

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