Federal Register #SR-NasdaqTX-2026-010

SEC Review of Nasdaq Texas, LLC Dual Listing Fee Proposal

This notice from the Securities and Exchange Commission (SEC) details a proposed rule change by Nasdaq Texas, LLC regarding dual listing fees for companies on its exchange. - Government Buyer: - Securities and Exchange Commission (SEC) - OEM/Vendor: - Nasdaq Texas, LLC (highlighted as the primary exchange and fee originator) - Products/Services Requested: - Establishment of a dual listing fee schedule for companies listing one or more classes of securities on Nasdaq Texas - Entry fee: $10,000 per company (single fee, regardless of number of classes) - Annual fee: $2,500 per company (single fee, regardless of number of classes) - Fee waiver: All fees waived for companies listing on or before December 31, 2026; waiver continues for entry fee in subsequent years for these companies - Unique/Notable Requirements: - Fees are intended to cover regulatory oversight and advocacy costs - Fee structure is designed to be competitive and non-discriminatory - No specific products, part numbers, or purchase quantities are involved - Reference to competitive fee structures from other exchanges (e.g., NYSE Texas) - No physical goods or services are being procured; this is a regulatory fee schedule proposal.

Description

Nasdaq Texas, LLC filed a proposed rule change with the Securities and Exchange Commission to establish dual listing fees for companies listing one or more classes of securities on the exchange. The proposal includes a single entry fee of $10,000 and an annual fee of $2,500, with waivers available through December 31, 2026, to incentivize listings. The fees are intended to cover regulatory oversight and advocacy costs and are designed to be reasonable and non-discriminatory in a competitive market. The rule change became effective immediately upon filing.

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