Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Order Granting Approval of a Proposed Rule Change, as Modified by Amendment No. 1, To Amend Nasdaq Rule 5711(d) (Commodity-Based Trust Shares)
Published Date: 7/30/2026
Notice
Summary
The Nasdaq Stock Market got the green light to update its rules for listing Commodity-Based Trust Shares, making it easier and clearer for these products to trade. This change affects investors and companies dealing with these shares, aiming for smoother market action without extra paperwork. The new rules kick in right away, helping the market run more efficiently without any extra costs.
Analyzed Economic Effects
3 provisions identified: 3 benefits, 0 costs, 0 mixed.
Permit actively managed commodity trusts
Nasdaq will permit actively managed Commodity-Based Trust Shares to be listed under the generic standards by removing the requirement that such shares be designed to track a reference asset or index and instead requiring holdings to be consistent with the trust's investment objective and policies. The rule also adds trading halt and firewall rules: trading must halt if required portfolio information is not disseminated to all market participants at the same time, and any person with access to non-public portfolio information must follow procedures to prevent misuse or dissemination of that information.
Faster listings under generic standards
By amending Nasdaq Rule 5711(d), Commodity-Based Trust Shares that meet the revised generic listing standards can be listed and begin trading without a separate Commission Section 19(b) filing, which shortens the time to market and reduces burdens on issuers and market participants. The Commission approved the proposed rule change on July 27, 2026.
Allow 15% 'digital' buffer
A Commodity-Based Trust Share may now hold up to 15% of its net asset value (NAV) in (i) "digital commodities" that do not meet Nasdaq's existing commodity criteria or (ii) securities that do not meet Nasdaq's existing securities criteria. When computing the 15% limit, any derivatives held by the trust are calculated based on their gross notional value.
Personalized for You
How does this regulation affect your finances?
Personalize government policy and PRIA will tell you what this federal register document means for your household, plus every other regulation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-12163, The Trade-Through Rule and Locked and Crossed Markets Provisions of Regulation NMS
The SEC wants to scrap some old rules that stop stocks from being traded at worse prices and prevent confusing market quotes. This change affects stock traders and exchanges, aiming to simplify trading and possibly speed things up. If you want to share your thoughts, you’ve got until August 17, 2026, so don’t miss out!
2026-10373, Registered Offering Reform
The SEC wants to make it easier and cheaper for more companies to sell their stocks and bonds to the public. They’re opening up special forms and benefits to more businesses, updating rules to be more modern, and cutting red tape by overriding some state rules. If you’re a company planning to raise money, these changes could speed things up and save you money, with feedback due by July 27, 2026.
2026-10222, Enhancement of Emerging Growth Company Accommodations and Simplification of Filer Status for Reporting Companies
The SEC is making it easier for companies that report their finances by simplifying their categories into just two groups: big and small filers. Smaller companies, including emerging growth ones, will get more time to file reports and enjoy simpler rules, while big companies keep stricter standards. These changes aim to save time and money, with feedback open until July 20, 2026.
2026-07651, Concept Release on Consolidated Audit Trail and Other Audit Trails and Data Sources
The SEC wants your thoughts on how it tracks stock market trades using the Consolidated Audit Trail and other data tools. They’re thinking about updating rules to keep up with new tech, privacy, and security needs, and to make sure the system is fair and cost-effective. If you’re involved in the stock market or data tracking, speak up by June 22, 2026!
2026-15320, Notice of an Application of the Securities Industry and Financial Markets Association for an Exemption Pursuant to Section 36 of the Securities Exchange Act of 1934 From Certain Conditions of Note H to Exchange Act Rule 15c3-3a
2026-15244, Self-Regulatory Organizations; Cboe EDGA Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Introduce a Data Vendor Program
Cboe EDGA Exchange is launching a new Data Vendor Program to clearly define who data vendors and service providers are, making rules easier to understand. This change affects companies that distribute market data and starts right away, helping them know their responsibilities and fees better. It’s a smart move to keep data flowing smoothly and fairly in the market.
Previous / Next Documents
Previous: 2026-15326, Agency Information Collection Activities: Proposed Collection; Comment Request
This notice announces the intention of the Agency for Healthcare Research and Quality (AHRQ) to request that the Office of Management and Budget (OMB) approve the extension without change of the information collection project "Generic Clearance for the Collection of Qualitative Feedback on Agency Service Delivery" (0935-0179).
Next: 2026-15328, Joan Rubinger, N.P.; Decision and Order