# UNITED STATES OF AMERICA

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URL: https://www.frixlaw.com/law-library/documents/agency%3Asec%3A52f163a00e8c1d93

## Record

- **Collection:** Agency decision
- **Document type:** Agency decision

## Text

UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION

SECURITIES EXCHANGE ACT OF 1934
Release No. 102926 / April 24, 2025
ADMINISTRATIVE PROCEEDING
File No. 3-21181

In the Matter of
Barclays PLC and Barclays Bank
PLC,
Respondents.

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ORDER EXTENDING TIME TO ENTER
ORDER APPROVING OR DISAPPROVING
PLAN OF DISTRIBUTION

On January 22, 2025, pursuant to Rule 1103 of the United States Securities and Exchange
Commission’s Rules on Fair Fund and Disgorgement Plans (the “Commission’s Rules”), 17
C.F.R. § 201.1103, the Commission published a Notice of Proposed Plan of Distribution and
Opportunity for Comment (“Notice”)1 for the distribution of monies placed into a Fair Fund in
the above-captioned matter. The Notice invited public comment on the proposed plan of
distribution (“Plan”) through February 21, 2025, and the Commission received two public
comments that raised various issues (the “Comments”).
Rule 1104 of the Commission’s Rules, 17 C.F.R. § 201.1104, provides in relevant part,
“[t]he order approving or disapproving the plan should be entered within 30 days after the end of
the final period allowed for comments on the proposed plan unless the Commission or the
hearing officer, by written order, allows a longer period for good cause shown.”

1

Exchange Act Rel. No. 102254 (Jan. 22, 2025).

Thirty days from the end of the final period for comments on the Plan will lapse on
March 24, 2025. The Division states additional time is needed to present its recommendation to
the Commission regarding the Comments and the Plan, and therefore, good cause has been
shown to enter an order extending time to approve or disapprove the Plan until June 30, 2025.
Accordingly, IT IS ORDERED that pursuant to Rule 1104 of the Commission’s Rules,2
for good cause shown, the time for entering an order approving or disapproving the Plan is
extended to June 30, 2025.
For the Commission, by its Secretary, pursuant to delegated authority.3

Vanessa A. Countryman
Secretary

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17 C.F.R. § 201.1104
17 C.F.R. § 200.30-7(a)(4).

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Source: Frix Law Library, https://www.frixlaw.com/law-library/documents/agency%3Asec%3A52f163a00e8c1d93. Public record. Not legal advice.