Federal Register #SR-NASDAQ-2026-032

Nasdaq Proposes Amendments to Commodity-Based Trust Share Listing Standards

This notice announces a proposed rule change by The Nasdaq Stock Market LLC, reviewed by the Securities and Exchange Commission (SEC), regarding listing standards for commodity-based trust shares. - Government Buyer: - Securities and Exchange Commission (SEC) - OEMs and Vendors: - The Nasdaq Stock Market LLC (proposing the rule change) - Products/Services Requested: - No products or services are being procured; this is a regulatory notice - Proposed amendment to Rule 5711(d) for commodity-based trust shares - Unique or Notable Requirements: - Introduction of an 85% threshold for qualifying assets held by trusts issuing commodity-based trust shares - Enhanced eligibility criteria for commodities and commodity-based assets - Aimed at improving trading oversight, deterring violations, and reducing risks of fraud and manipulation - Public comments are invited on the proposed regulatory change

Description

This notice announces a proposed rule change by The Nasdaq Stock Market LLC to amend Rule 5711(d) concerning the generic listing standards for commodity-based trust shares. The amendment aims to modify eligibility criteria for commodities and commodity-based assets held by trusts issuing these shares, including an 85% threshold for qualifying assets. The proposal is intended to enhance the Exchange's ability to monitor trading and deter violations of rules and securities laws, thereby reducing fraud and manipulation risks. The notice invites public comments on the proposed rule change.

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