Federal Register #SR-NYSETEX-2026-05

SEC Approves NYSE Texas Rule for Generic Listing and Trading of Class ETF Shares

This notice details the Securities and Exchange Commission's (SEC) accelerated approval of a rule change for NYSE Texas, Inc. regarding the generic listing and trading of Class Exchange-Traded Fund (ETF) Shares. - Government Buyer: - U.S. Securities and Exchange Commission (SEC) - OEMs and Vendors: - No specific OEMs or commercial vendors are mentioned; the rule applies to NYSE Texas, Inc. as the exchange operator - Products/Services Requested: - Generic listing and trading of Class ETF Shares under Rule 5.2(j)(9) - Part Number: Rule 5.2(j)(9) - Description: Permits listing and trading of Class ETF Shares under Multi-Class Fund Exemptive Relief, aligning with NYSE Arca standards - Surveillance and compliance monitoring services for Class ETF Shares - Description: NYSE Texas will implement and maintain surveillance procedures to ensure compliance with listing standards and federal securities laws - Unique or Notable Requirements: - Rule change allows Class ETF Shares to be listed and traded without prior SEC approval, provided they meet Rule 6c-11 of the Investment Company Act and applicable Multi-Class Fund Exemptive Relief - NYSE Texas must enforce trading halts and maintain surveillance to protect investors and ensure fair markets - The rule aligns NYSE Texas with other major exchanges, streamlining market entry for Class ETF Shares - Places of Performance/Delivery: - NYSE Texas, Inc. (exchange facility) - Miami International Securities Exchange, LLC (referenced for fee schedule context)

Description

This notice announces the filing and accelerated approval of Amendment No. 2 to a proposed rule change by NYSE Texas, Inc. The amendment adopts new Rule 5.2(j)(9) to permit the generic listing and trading of Class Exchange-Traded Fund (ETF) Shares, along with conforming rule changes to accommodate these listings. The rule change aligns NYSE Texas with other exchanges' standards for Class ETF Shares, facilitating their listing and trading without separate rule filings, subject to compliance with specified conditions under the Investment Company Act.

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