Federal Register #SR-NasdaqTX-2026-039

SEC Approval of Nasdaq Texas Rule Change for Commodity-Based Trust Shares

This opportunity involves a regulatory approval by the Securities and Exchange Commission (SEC) for a rule change proposed by Nasdaq Texas, LLC regarding Commodity-Based Trust Shares. - SEC has approved amendments to Nasdaq Texas Rule 5711(d) - Allows up to 15% of Commodity-Based Trust Shares holdings to be assets not meeting generic listing standards - Introduces a definition for digital commodity - Permits actively-managed Commodity-Based Trust Shares - No OEMs, vendors, or procurement of products/services are involved - Regulatory requirements focus on eligibility criteria, asset composition, and compliance obligations for issuers - Changes aim to increase flexibility for issuers while maintaining oversight to prevent fraud and manipulation

Description

This notice pertains to the Securities and Exchange Commission's approval of a proposed rule change by Nasdaq Texas, LLC to amend Rule 5711(d) concerning Commodity-Based Trust Shares. The amendment includes allowing a buffer of up to 15% of the net asset value (NAV) of the trust's holdings to consist of certain assets that do not meet the generic listing standards eligibility criteria, adding a definition for digital commodity, and permitting actively-managed Commodity-Based Trust Shares. The changes aim to provide more flexibility in the composition of Commodity-Based Trust Shares while maintaining regulatory oversight to prevent fraud and manipulation.

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