# Federal Register #SR-TXSE-2026-041

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

**Buyer:** Securities and Exchange Commission
**Posted:** November 03, 2026
**Identifier:** SR-TXSE-2026-041

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](https://www.federalregister.gov/documents/2026/11/03/2026-22377/self-regulatory-organizations-texas-stock-exchange-llc-notice-of-filing-and-order-granting)