Securities and Exchange Commission
Document Headings Document headings vary by document type but may contain the following: the agency or agencies that issued and signed a document the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to the agency docket number / agency internal file number the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details. Securities and Exchange Commission [Release No. 34-103995; File Nos. SR-NASDAQ-2025-056; SR-CboeBZX-2025-104; SR-NYSEARCA-2025-54] I. Introduction Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Exchange Act”)  [ 1 ] and Rule 19b-4 thereunder (“Rule 19b-4”), [ 2 ] The Nasdaq Stock Market LLC (“Nasdaq”), Cboe BZX Exchange, Inc. (“BZX”), and NYSE Arca, Inc. (“NYSE Arca”) (Nasdaq, BZX, and NYSE Arca, each an “Exchange,” and collectively, the “Exchanges”), filed with the Securities and Exchange Commission (“Commission”) proposed rule changes to adopt generic listing standards for Commodity-Based Trust Shares. [ 3 ] Each of the foregoing proposed rule changes, as modified by its respective amendment is referred to herein as a “Proposal” and collectively as the “Proposals.”  [ 4 ] The Proposals were subject to notice and comment. [ 5 ] This order approves the Proposals on an accelerated basis. [ 6 ] II. Description of the Proposals As described in more detail in the Proposals' respective amended filings, [ 7 ] each Exchange proposes to adopt substantially identical “generic” listing standards for Commodity-Based Trust Shares, [ 8 ] such that it would be permitted, pursuant to Rule 19b-4(e) under the Exchange Act (“Rule 19b-4(e)”), to list and trade Commodity-Based Trust Shares without first submitting a p…
Citation: 90 FR 45414
