FTX Japan said the company is proceeding with the business improvement plan submitted to the regulator on Nov. 16, in a notice posted on its website today. Trading services, deposits and account opening will remain suspended.

It has been working on a plan to return user assets but has not released specifics on when users can expect to receive their funds back.

The FSA responded to a written enquiry from CoinDesk saying that it had ordered FTX Japan to return assets promptly, but had not given a specific deadline.