SEC Grants Accelerated Approval to Nasdaq Texas Rule Change for Commodity Trust Shares
Nasdaq Texas' amendment to Rule 5711(d) permits a 15% NAV buffer, defines digital commodities and allows active management, effective upon SEC approval.
On August 20, 2026 Nasdaq Texas, LLC filed a proposed rule change with the Securities and Exchange Commission under Section 19(b)(1) of the Securities Exchange Act and Rule 19b-4. The Commission published a notice on September 3, 2026 and is granting accelerated approval of the proposal.
The amendment to Rule 5711(d) modifies the generic listing standards for Commodity-Based Trust Shares to allow a buffer of up to 15% of the net asset value of the shares' holdings to consist of assets that do not satisfy the existing eligibility criteria.
The proposal also adds a definition for "digital commodity" and authorizes actively-managed Commodity-Based Trust Shares, making Nasdaq Texas' standards materially identical to Rule 5711(d) of its affiliate, The Nasdaq Stock Market LLC.
The full text of the proposed rule change is posted on the Exchange's website at https://listingcenter.nasdaq.com/rulebook/nasdaqtx/rulefilings and is available at the Exchange's principal office. The Commission is proceeding on an accelerated basis after reviewing any comments received.
The order approving the amendment is effective upon issuance.
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