# SECURITIES AND EXCHANGE COMMISSION

> Briefs, arguments, decisions, and more.

URL: https://www.frixlaw.com/law-library/documents/agency%3Asec%3Aa4370fd0db4997ae

## Record

- **Collection:** Agency decision
- **Document type:** Agency decision

## Text

SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-106448; File No. SR-ISE-2026-42]
Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Designation of a Longer
Period for Commission Action on a Proposed Rule Change to Amend the Criteria for
Underlying Securities
September 21, 2026.
On July 28, 2026, Nasdaq ISE, LLC (“Exchange”) filed with the Securities and Exchange
Commission (“Commission”), pursuant to Section 19(b)(1) of the Securities Exchange Act of
1934 (“Act”)1 and Rule 19b-4 thereunder,2 a proposed rule change to adopt listing criteria for
options on commodity-based trusts that hold one or more digital commodities. The proposed
rule change was published for comment in the Federal Register on August 13, 2026.3 The
Commission received no comments regarding the proposed rule change.
Section 19(b)(2) of the Act4 provides that within 45 days of the publication of notice of
the filing of a proposed rule change, or within such longer period up to 90 days as the
Commission may designate if it finds such longer period to be appropriate and publishes its
reasons for so finding, or as to which the self-regulatory organization consents, the Commission
shall either approve the proposed rule change, disapprove the proposed rule change, or institute
proceedings to determine whether the proposed rule change should be disapproved. The 45 th day
after publication of the notice for this proposed rule change is September 27, 2026. The
Commission is extending this 45-day time period.

1

15 U.S.C. 78s(b)(1).

2

17 CFR 240.19b-4.

3

See Securities Exchange Act Release No. 106067 (Aug. 10, 2026), 91 FR 52387.

4

15 U.S.C. 78s(b)(2).

The Commission finds it appropriate to designate a longer period within which to take
action on the proposed rule change so that it has sufficient time to consider the proposed rule
change. Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act, 5 designates
November 11, 2026, as the date by which the Commission shall either approve or disapprove, or
institute proceedings to determine whether to disapprove, the proposed rule change (File No. SRISE-2026-42).
For the Commission, by the Division of Trading and Markets, pursuant to delegated
authority.6

Sherry R. Haywood,
Assistant Secretary.

5

Id.

6

17 CFR 200.30-3(a)(31).

2

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Source: Frix Law Library, https://www.frixlaw.com/law-library/documents/agency%3Asec%3Aa4370fd0db4997ae. Public record. Not legal advice.