(Reuters) – The Federal Deposit Insurance Corporation has given a new deadline of February 10 to BlackRock (NYSE: ) to resolve an issue regarding the management of the asset manager’s investments in FDIC-regulated banking organizations, Bloomberg News reported Sunday, citing three people with knowledge of the matter.

The FDIC may open an investigation into BlackRock and request more information from the company if it fails to make sufficient progress toward resolving the issues, the report said.

The FDIC’s move follows a Jan. 10 deadline that BlackRock failed to meet, according to the report.

Neither BlackRock nor the FDIC immediately responded to requests for comment on Sunday.

BlackRock has asked the FDIC to extend its deadline to reach an agreement on how the agency will handle the asset manager’s investments in FDIC-regulated banking organizations until March 31, according to a letter the company sent to regulators on Thursday and seen by Reuters.