[Code of Federal Regulations]
[Title 29, Volume 9]
[Revised as of July 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 29CFR2584.8477(e)-2]

[Page 603]
 
                             TITLE 29--LABOR
 
 CHAPTER XXV--EMPLOYEE BENEFITS SECURITY ADMINISTRATION, DEPARTMENT OF 
                                  LABOR
 
PART 2584_RULES AND REGULATIONS FOR THE ALLOCATION OF FIDUCIARY 
RESPONSIBILITY--Table of Contents
 
Sec. 2584.8477(e)-2  Allocation of fiduciary duties.

    (a) The fiduciary duties of the Board as set forth at 5 U.S.C. 8472 
may not be allocated to any person other than a member or members of the 
Board.
    (b) The Executive Director may allocate authority and responsibility 
for the investment and management of the Fixed Income Investment Fund to 
a qualified professional asset manager(s).
    (c) The Executive Director may allocate authority and responsibility 
for the investment and management of the Government Securities 
Investment Fund, the Common Stock Index Investment Fund, the 
International Stock Index Investment Fund and the Small Capitalization 
Stock Index Investment Fund to an investment manager(s).
    (d) Notwithstanding any other provision of this part, no allocation 
may be made which would constitute:
    (1) A violation of an express policy of the Board; or
    (2) An invalid delegation according to the Act or any other law.
    (e) Except as provided in this part, no person who has or may 
acquire fiduciary responsibility in connection with the Thrift Savings 
Fund may allocate such responsibility to another person.

[53 FR 52687, Dec. 29, 1988, as amended at 65 FR 34394, May 30, 2000]