(Bloomberg) -- Securities regulators are considering a change in how they exempt retail investors from proposed restrictions on money-market mutual funds after fund companies complained the original plan was too onerous, according to three people familiar with the matter.

The new plan would allow retail funds that only have individuals as shareholders to keep their stable $1 share price, according to the people, who asked to not be named because the plan isn’t public. The Securities and Exchange Commission initially proposed defining retail funds as those limiting an investor’s redemptions to $1 million per day.

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