SEC Issues Guidance
on Same-Sex Marriage
Certain aspects of the
securities laws require disclosure as to a spouse. For example, Section 16 reporting includes
the spouse of the person responsible to report.
Last Friday the SEC issued Release No. 33-9856 interpreting how the
terms “spouse” and “marriage” will be interpreted. Essentially, a same-sex couple will be
treated as married if lawfully married under state law irrespective of whether
their state of domicile recognizes same sex marriage.
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