Federal Register #SR-TXSE-2026-041

SEC Approval of TXSE Generic Listing Standards for Commodity-Based Trust Shares

The U.S. Securities and Exchange Commission approved Texas Stock Exchange LLC’s proposal to set generic listing standards for Commodity-Based Trust Shares. - Government agency: U.S. Securities and Exchange Commission (SEC). - Company named: Texas Stock Exchange LLC (TXSE), which filed the proposed rule change. - The standards allow qualifying Commodity-Based Trust Shares to be listed and traded without a separate rule change for each product. - Key requirements cover trust asset eligibility, disclosure, liquidity, market surveillance, trading halts, information barriers, and other investor protections. - Certain otherwise-ineligible digital commodities and securities may make up no more than 15% of a trust’s net asset value; actively managed shares are also permitted. - This is a regulatory rulemaking action, not a procurement or contract award. No products or services, quantities, part numbers, contract value, or performance period are specified.

Description

Texas Stock Exchange LLC proposes to amend Rule 17.111(d), which governs listing and trading of Commodity-Based Trust Shares. The proposal would establish generic listing standards allowing qualifying shares to be listed and traded under Rule 19b-4(e) without a separate proposed rule change for each product. It includes eligibility criteria for trust holdings, allows certain digital commodities and securities to comprise up to 15% of a trust’s net asset value, and permits actively managed shares. The proposal also establishes related disclosure, liquidity, trading halt, surveillance, firewall, and investor-protection requirements; the SEC notice states that it grants accelerated approval.

View original listing