| Page Range | 37536-37537 | |
| FR Document | 2015-15506 |
[Federal Register Volume 80, Number 126 (Wednesday, July 1, 2015)] [Rules and Regulations] [Pages 37536-37537] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-15506] [[Page 37536]] ======================================================================= ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION 17 CFR Parts 231, 241, 271, and 276 [Release Nos. 33-9850; 34-75250; IA-4122; IC-31684] Commission Guidance Regarding the Definition of the Terms ``Spouse'' and ``Marriage'' Following the Supreme Court's Decision in United States v. Windsor AGENCY: Securities and Exchange Commission. ACTION: Interpretation. ----------------------------------------------------------------------- SUMMARY: The Securities and Exchange Commission is publishing interpretive guidance to clarify how the Commission will interpret the terms ``spouse'' and ``marriage'' in light of the Supreme Court's ruling in United States v. Windsor. DATES: Effective July 1, 2015. FOR FURTHER INFORMATION CONTACT: Questions should be referred to Benjamin Schiffrin, Senior Litigation Counsel, Office of the General Counsel, at (202) 551-5003, Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549-9040. SUPPLEMENTARY INFORMATION: On June 26, 2013, the Supreme Court of the United States ruled in United States v. Windsor that Section 3 of the Defense of Marriage Act (``DOMA'') is unconstitutional.\1\ Section 3 provides that in ``determining the meaning of any Act of Congress, or of any ruling, regulation, or interpretation of the various administrative bureaus and agencies of the United States,'' the ``word `spouse' refers only to a person of the opposite sex who is a husband or a wife,'' and the ``word `marriage' means only a legal union between one man and one woman as husband and wife.'' \2\ This section, the Court stated, ``enacts a directive applicable to over 1,000 federal statutes and the whole realm of federal regulations.'' \3\ The Court found that this directive ``undermines both the public and private significance of state-sanctioned same-sex marriages'' and concluded that ``no legitimate purpose overcomes the purpose and effect to disparage and to injure those whom the State, by its marriage laws, sought to protect in personhood and dignity.'' \4\ The Court thus held that Section 3 of DOMA was invalid.\5\ --------------------------------------------------------------------------- \1\ 133 S. Ct. 2675 (2013). \2\ 1 U.S.C. 7. \3\ 133 S. Ct. at 2690. \4\ Id. at 2694, 2696. \5\ Id. at 2696. --------------------------------------------------------------------------- In light of this decision, the Commission will read the terms ``spouse'' and ``marriage,'' where they appear in the federal securities statutes administered by the Commission, the rules and regulations promulgated thereunder, releases, orders, and any guidance issued by the staff or the Commission, to include, respectively, (1) an individual married to a person of the same sex if the couple is lawfully married under state law, regardless of the individual's domicile, and (2) such a marriage between individuals of the same sex. This guidance is consistent with Windsor. List of Subjects in 17 CFR Parts 231, 241, 271, and 276 Securities. Amendments to the Code of Federal Regulations For the reasons set out above, the Commission is amending Title 17, chapter II of the Code of Federal Regulations as set forth below: PART 231--INTERPRETATIVE RELEASES RELATING TO THE SECURITIES ACT OF 1933 AND GENERAL RULES AND REGULATIONS THEREUNDER 0 1. Part 231 is amended by adding Release No. 33-9850 to the list of interpretive releases as follows: ---------------------------------------------------------------------------------------------------------------- Subject Release No. Date Fed. Reg. Vol. and Page ---------------------------------------------------------------------------------------------------------------- * * * * * * * Commission Guidance Regarding the 33-9850 June 19, 2015........ 80 FR [Insert FR Page Number] Definition of the Terms ``Spouse'' and ``Marriage'' Following the Supreme Court's Decision in United States v. Windsor. ---------------------------------------------------------------------------------------------------------------- PART 241--INTERPRETATIVE RELEASES RELATING TO THE SECURITIES EXCHANGE ACT OF 1934 AND GENERAL RULES AND REGULATIONS THEREUNDER 0 2. Part 241 is amended by adding Release No. 34-75250 to the list of interpretive releases as follows: ---------------------------------------------------------------------------------------------------------------- Subject Release No. Date Fed. Reg. Vol. and Page ---------------------------------------------------------------------------------------------------------------- * * * * * * * Commission Guidance Regarding the 34-75250 June 19, 2015........ 80 FR [Insert FR Page Number] Definition of the Terms ``Spouse'' and ``Marriage'' Following the Supreme Court's Decision in United States v. Windsor. ---------------------------------------------------------------------------------------------------------------- [[Page 37537]] PART 271--INTERPRETATIVE RELEASES RELATING TO THE INVESTMENT COMPANY ACT OF 1940 AND GENERAL RULES AND REGULATIONS THEREUNDER 0 3. Part 271 is amended by adding Release No. IC-31684 to the list of interpretive releases as follows: ---------------------------------------------------------------------------------------------------------------- Subject Release No. Date Fed. Reg. Vol. and Page ---------------------------------------------------------------------------------------------------------------- * * * * * * * Commission Guidance Regarding the IC-31684 June 19, 2015........ 80 FR [Insert FR Page Number] Definition of the Terms ``Spouse'' and ``Marriage'' Following the Supreme Court's Decision in United States v. Windsor. ---------------------------------------------------------------------------------------------------------------- PART 276--INTERPRETATIVE RELEASES RELATING TO THE INVESTMENT ADVISERS ACT OF 1940 AND GENERAL RULES AND REGULATIONS THEREUNDER 0 4. Part 276 is amended by adding Release No. IA-4122 to the list of interpretive releases as follows: ---------------------------------------------------------------------------------------------------------------- Subject Release No. Date Fed. Reg. Vol. and Page ---------------------------------------------------------------------------------------------------------------- * * * * * * * Commission Guidance Regarding the IA-4122 June 19, 2015........ 80 FR [Insert FR Page Number] Definition of the Terms ``Spouse'' and ``Marriage'' Following the Supreme Court's Decision in United States v. Windsor. ---------------------------------------------------------------------------------------------------------------- Dated: June 19, 2015. By the Commission. Robert W. Errett, Deputy Secretary. [FR Doc. 2015-15506 Filed 6-30-15; 8:45 am] BILLING CODE 8011-01-P
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Rules and Regulations | |
| Action | Interpretation. | |
| Dates | Effective July 1, 2015. | |
| Contact | Questions should be referred to Benjamin Schiffrin, Senior Litigation Counsel, Office of the General Counsel, at (202) 551-5003, Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549-9040. | |
| FR Citation | 80 FR 37536 | |
| CFR Citation | 17
CFR
231 17 CFR 241 17 CFR 271 17 CFR 276 |