Is Parallax Wave legal in Standard, Modern, and Commander?

Parallax Wave is legal in: Legacy, Vintage, Commander.

Parallax Wave

Q: What type of card is Parallax Wave?

Parallax Wave is an Enchantment. Its oracle text reads: "Fading 5 (This enchantment enters with five fade counters on it. At the beginning of your upkeep, remove a fade counter from it. If you can't, sacrifice it.) Remove a fade counter from this enchantment: Exile target creature. When this enchantment leaves the battlefield, each player returns to the battlefield all cards they own exiled with it."

Enchantment

Fading 5 (This enchantment enters with five fade counters on it. At the beginning of your upkeep, remove a fade counter from it. If you can't, sacrifice it.)

Remove a fade counter from this enchantment: Exile target creature.

When this enchantment leaves the battlefield, each player returns to the battlefield all cards they own exiled with it.

Set Vintage Masters

Rarity Rare

Mana Value 4

Artist Greg Staples

Collector # 37

Scryfall