# UNITED STATES OF AMERICA

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URL: https://www.frixlaw.com/law-library/documents/agency%3Asec%3Ad5a87f6f3d7cb55e

## 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. 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.”

1

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

2

17 C.F.R. § 201.1104.

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Source: Frix Law Library, https://www.frixlaw.com/law-library/documents/agency%3Asec%3Ad5a87f6f3d7cb55e. Public record. Not legal advice.