# 2025-15832: SEC Extends Review Period for Nasdaq ISE Commodity Options Rule Change

2025-15832, Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Designation of Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove Proposed Rule Change To Amend Options 4, Section 3, Criteria for Underlying Securities, is a Federal Register notice from Securities and Exchange Commission published 2025-08-20, effective 2025-10-24 (as of 2026-06-08).

- Canonical: https://policyrisk.com/federal-register/2025-15832
- As of: 2026-06-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2025-15832
- Title: Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Designation of Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove Proposed Rule Change To Amend Options 4, Section 3, Criteria for Underlying Securities
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 90 FR 40680
- Published: 2025-08-20
- Effective: 2025-10-24
- Comments close: not stated
- Significant: no
- Touches household money: no
- Regulation identifier numbers: none
- Last updated: 2026-06-08

## In one line

SEC Extends Review Period for Nasdaq ISE Commodity Options Rule Change

## Summary

Nasdaq ISE wants to change its rules to allow options trading on special trust units tied to commodities. The SEC is taking extra time to decide if this is a good idea, which could affect investors and traders interested in these new options. No money changes yet, but the decision deadline just got pushed back to give the SEC more time to review.

## Effects PRIA read

- Possible New Options on Commodity Trust Units: mixed, low. Nasdaq ISE filed a proposed rule change on February 7, 2025, to allow listing and trading of options on units that represent interests in a Commodity-Based Trust. The proposal was published for comment on February 26, 2025, and the SEC has set October 24, 2025 as the date by which it will decide. T…

## Related documents

- [2026-20466](https://policyrisk.com/federal-register/2026-20466): Adviser and Regulated Fund Custody Rules; Crypto Custody Rules, 2026-10-06
- [2026-19260](https://policyrisk.com/federal-register/2026-19260): Rescission of Rule 14a-8's Federal Regulation of Shareholder Proposals and Amendments to Rule 14a-4, 2026-09-21
- [2026-18424](https://policyrisk.com/federal-register/2026-18424): Political Contributions by Certain Investment Advisers, 2026-09-10
- [2026-18190](https://policyrisk.com/federal-register/2026-18190): Transfer Agent Rules, 2026-09-04
- [2026-17183](https://policyrisk.com/federal-register/2026-17183): Regulation Crypto Assets, 2026-08-21
- [2026-12163](https://policyrisk.com/federal-register/2026-12163): The Trade-Through Rule and Locked and Crossed Markets Provisions of Regulation NMS, 2026-06-17

## Sources
- [2025-15832 on federalregister.gov](https://www.federalregister.gov/documents/2025/08/20/2025-15832/self-regulatory-organizations-nasdaq-ise-llc-notice-of-designation-of-longer-period-for-commission)
- [2025-15832 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2025-08-20/pdf/2025-15832.pdf)

## Related
- [Previous: 2025-15831, Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Filing and I…](https://policyrisk.com/federal-register/2025-15831)
- [Next: 2025-15833, Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Designation of Longer…](https://policyrisk.com/federal-register/2025-15833)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2025-15832 (as of 2026-06-08).