UNITED STATES OF AMERICA

UNITED STATES OF AMERICA

Before the

SECURITIES AND EXCHANGE COMMISSION

SECURITIES EXCHANGE ACT OF 1934

Release No. 93871 / December 29, 2021

ADMINISTRATIVE PROCEEDING

File No. 3-20162

In the Matter of

BlueCrest Capital Management

Limited,

Respondents.

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ORDER EXTENDING TIME TO

ENTER AN ORDER APPROVING OR

DISAPPROVING PLAN OF

DISTRIBUTION

On November 2, 2021, pursuant to Rule 1103 of the United States Securities and

Exchange Commission’s (“Commission”) Rules on Fair Fund and Disgorgement Plans

(“Commission’s Rules”), 17 C.F.R.§ 201.1103, the Commission published a Notice of Proposed

Plan of Distribution and Opportunity to 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 December 2, 2021. The Commission has

received public comments on the Plan (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.”

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Exchange Act Rel. No. 93508 (Nov. 2, 2021).

Thirty days from the end of the final period for comments on the Plan will lapse on

January 1, 2022. The Division requests additional time to present its recommendation to the

Commission regarding the Comments and the Plan and has demonstrated good cause to extend

the 30-day time period, provided in Rule 1104 of the Commission’s Rules, with entry of an order

extending time to approve, approve with modification, or disapprove the Plan until March 31,

2022.

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, approving with modification, or

disapproving the Plan is extended to March 31, 2022.

For the Commission, by its Secretary, pursuant to delegated authority.

Vanessa A. Countryman

Secretary

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17 C.F.R. § 201.1104.

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