# 2025-04349: Nasdaq's Commodity Options Rule Gets SEC Extra Scrutiny Time

2025-04349, Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Amend Options 4, Section 3, Criteria for Underlying Securities, is a Federal Register notice from Securities and Exchange Commission published 2025-03-18, effective 2025-05-27 (as of 2026-06-08).

- Canonical: https://policyrisk.com/federal-register/2025-04349
- As of: 2026-06-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2025-04349
- Title: Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Amend Options 4, Section 3, Criteria for Underlying Securities
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 90 FR 12587
- Published: 2025-03-18
- Effective: 2025-05-27
- Comments close: not stated
- Significant: no
- Touches household money: no
- Regulation identifier numbers: none
- Last updated: 2026-06-08

## In one line

Nasdaq's Commodity Options Rule Gets SEC Extra Scrutiny Time

## Summary

Nasdaq ISE wants to update its rules to allow options trading on special units tied to commodity-based trusts. The SEC is taking extra time, now until May 27, 2025, to review this change carefully. This affects traders and investors who deal with options and could open new ways to invest in commodities through options.

## Effects PRIA read

- Options on Commodity-Trust Units: benefit, low. If you trade options or have investments, Nasdaq ISE proposed a rule to allow listing and trading of options on units that represent interests in a Commodity-Based Trust. The SEC is reviewing the proposal and set May 27, 2025 as the date by which it will act.

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## Sources
- [2025-04349 on federalregister.gov](https://www.federalregister.gov/documents/2025/03/18/2025-04349/self-regulatory-organizations-nasdaq-ise-llc-notice-of-designation-of-a-longer-period-for-commission)
- [2025-04349 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2025-03-18/pdf/2025-04349.pdf)

## Related
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Source: PRIA, https://policyrisk.com/federal-register/2025-04349 (as of 2026-06-08).