# 2026-11682: Texas Exchange Tweaks Proxy Rules for Uninstructed Shares

2026-11682, Self-Regulatory Organizations; Texas Stock Exchange LLC; Notice of Filing of a Proposed Rule Change To Amend Rule 13.003 Related to Proxy Voting, is a Federal Register notice from Securities and Exchange Commission published 2026-06-11; PRIA reads it as touching household money (as of 2026-06-18).

- Canonical: https://policyrisk.com/federal-register/2026-11682
- As of: 2026-06-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-11682
- Title: Self-Regulatory Organizations; Texas Stock Exchange LLC; Notice of Filing of a Proposed Rule Change To Amend Rule 13.003 Related to Proxy Voting
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 91 FR 35593
- Published: 2026-06-11
- Effective: unknown
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-06-18

## In one line

Texas Exchange Tweaks Proxy Rules for Uninstructed Shares

## Summary

The Texas Stock Exchange is changing its rules to make sure members vote uninstructed shares fairly by matching how other shareholders vote. This affects anyone holding TXSE-listed stocks and aims to make proxy voting more transparent and balanced. The new rule kicks in soon and could impact how shareholder meetings run, but it doesn’t involve extra costs.

## Effects PRIA read

- Brokers lose discretionary voting: benefit, low. If you hold TXSE-listed shares, brokers (Members) would no longer vote uninstructed shares using their own judgment or house policies. Instead, the Exchange requires a formula-driven, mandatory proportional allocation tied only to instructions submitted by participating beneficial owners for TXSE-l…
- Uninstructed shares allocated proportionally: benefit, low. For each proposal at a TXSE-listed company, uninstructed shares must be cast FOR, AGAINST, and ABSTAIN in the same proportion as the aggregate voting instructions the Member received from beneficial owners as of the applicable "Calculation Date." Any fractional share allocations are rounded down to…
- Fiduciary and ERISA accounts excluded: benefit, low. The proportional allocation requirement does not apply to shares held or voted by a Member acting as an executor, administrator, guardian, trustee, or similar fiduciary, nor to shares voted by a named ERISA Plan investment manager or a designated investment adviser. Shares excluded in this way are…
- Uniform rule may change meeting outcomes: benefit, medium. The rule replaces the current routine/non-routine framework so every matter on a ballot is treated the same way; this change can affect quorum determinations and approval thresholds because uninstructed shares will be represented and allocated based on participating beneficial-owner instructions ra…

## 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
- [2026-11682 on federalregister.gov](https://www.federalregister.gov/documents/2026/06/11/2026-11682/self-regulatory-organizations-texas-stock-exchange-llc-notice-of-filing-of-a-proposed-rule-change-to)
- [2026-11682 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-06-11/pdf/2026-11682.pdf)

## Related
- [Previous: 2026-11681, Agency Information Collection Activities Under OMB Review](https://policyrisk.com/federal-register/2026-11681)
- [Next: 2026-11683, Self-Regulatory Organizations; Nasdaq Phlx, LLC; Notice of Filing and Immediate…](https://policyrisk.com/federal-register/2026-11683)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2026-11682 (as of 2026-06-18).