# 2026-22849: Texas Exchange Lets Products Upgrade Listing Tiers Midyear—for a Fee

2026-22849, Self-Regulatory Organizations; Texas Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Rule 17.180 To Permit an Issuer To Elect a Higher Listing Tier for an Exchange Traded Product During a Calendar Year and To Provide for the Related Incremental Listing Fee, is a Federal Register notice from Securities and Exchange Commission published 2026-11-10, effective 2026-10-27; PRIA reads it as touching household money (as of 2026-11-11).

- Canonical: https://policyrisk.com/federal-register/2026-22849
- As of: 2026-11-11
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-22849
- Title: Self-Regulatory Organizations; Texas Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Rule 17.180 To Permit an Issuer To Elect a Higher Listing Tier for an Exchange Traded Product During a Calendar Year and To Provide for the Related Incremental Listing Fee
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 91 FR 72595
- Published: 2026-11-10
- Effective: 2026-10-27
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-11-11

## In one line

Texas Exchange Lets Products Upgrade Listing Tiers Midyear—for a Fee

## Summary

The Texas Stock Exchange is making it easier for companies to upgrade their exchange traded products to a higher listing tier anytime during the year. This change means issuers can boost their product’s status without waiting for a new year, but they’ll pay a small extra fee for the upgrade. This update kicks in right away, helping issuers stay flexible and competitive.

## Effects PRIA read

- Issuers May Upgrade ETP Tier During Year: benefit, low. If you issue an exchange traded product (ETP) on TXSE, you may elect to move the ETP to a higher listing tier at any time during a calendar year (for example, Core → Premier or Premier → Signature). The upgrade takes effect on a trading day you specify in written notice and confirmed by the Exchang…
- Prorated Incremental Listing Fee for Upgrades: cost, high. If you upgrade an ETP during the year, you must pay an additional listing fee equal to the difference between the higher tier's annual fee and the prior tier's annual fee, prorated by trading days remaining including the effective date. TXSE's annual fees are: Signature $100,000, Premier $55,000, a…
- Higher Tier Standards and Stipend Rules Apply Immediately: mixed, medium. Beginning on the effective date of an upgrade, the Lead Market Maker (LMM) performance standards and daily stipend rules for the higher tier and the ETP's asset class apply. An LMM is eligible for a daily stipend only to the extent it meets the applicable performance conditions; the upgrade does no…
- Signature Tier Listing Fee Credit Is Preserved Post-Upgrade: benefit, medium. If an ETP is upgraded to the Signature Tier, the listing fee credit under Rule 17.180(a)(1)(A) applies to qualifying instances beginning on the upgrade effective date. Those credits are available to offset the issuer's listing fees in the following year and will expire if not used during that follo…

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## Sources
- [2026-22849 on federalregister.gov](https://www.federalregister.gov/documents/2026/11/10/2026-22849/self-regulatory-organizations-texas-stock-exchange-llc-notice-of-filing-and-immediate-effectiveness)
- [2026-22849 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-11-10/pdf/2026-22849.pdf)

## Related
- [Previous: 2026-22848, Order Cancelling Registrations of Certain Municipal Advisors Pursuant to Sectio…](https://policyrisk.com/federal-register/2026-22848)
- [Next: 2026-22850, Self-Regulatory Organizations; ICE Clear Credit LLC; Notice of Filing of Propos…](https://policyrisk.com/federal-register/2026-22850)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2026-22849 (as of 2026-11-11).