Nasdaq Texas filed a proposed rule change with the SEC on August 20 to amend Rule 5711(d), governing generic listing standards for Commodity-Based Trust Shares. The alleged unpublished documents show that the SEC published notice of the filing, with an order granting accelerated approval, on September 3, with the document scheduled to appear in the Federal Register on September 9.
The proposed changes would reportedly allow up to 15% of a trust’s net asset value to consist of assets that don’t meet standard eligibility criteria, introduce a formal definition for “digital commodity,” and permit actively managed strategies within these products.
