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Notice2025-228562025-12-16

Self-Regulatory Organizations; Texas Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Adopt Certain Changes to the Governing Documents of the Exchange and Its Parent Company

Securities and Exchange Commission

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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. 34-104360; File No. SR-TXSE-2025-001] Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (the “Act”), [ 1 ] and Rule 19b-4 thereunder, [ 2 ] notice is hereby given that on December 8, 2025, Texas Stock Exchange LLC (the “Exchange” or “TXSE”) filed with the Securities and Exchange Commission (“Commission”) the proposed rule change as described in Items I and II below, which Items have been prepared by the Exchange. The Exchange filed the proposal as a “non-controversial” proposed rule change pursuant to Section 19(b)(3)(A)(iii) of the Act  [ 3 ] and Rule 19b-4(f)(6) thereunder. [ 4 ] The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. I. Self-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change The Exchange filed a proposal to amend and restate: (i) the Fifth Amended and Restated Stockholders' Agreement (the “Stockholders' Agreement”) of TXSE Group Inc. (“TXSE Group”), which was filed with the Commission as part of the Exchange's application for registration as a national securities exchange, [ 5 ] as the Sixth Amended and Restated Stockholders' Agreement of TXSE Group;  [ 6 ] (ii) the Fourth Amended and Restated Certificate of Incorporation of TXSE Group (the “Certificate of Incorporation”), which was filed

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Citation: 90 FR 58322