[Code of Federal Regulations]
[Title 29, Volume 9]
[Revised as of July 1, 2005]
From the U.S. Government Printing Office via GPO Access
[CITE: 29CFR2570.37]

[Page 559]
 
                             TITLE 29--LABOR
 
 CHAPTER XXV--EMPLOYEE BENEFITS SECURITY ADMINISTRATION, DEPARTMENT OF 
                                  LABOR
 
PART 2570_PROCEDURAL REGULATIONS UNDER THE EMPLOYEE RETIREMENT INCOME 
SECURITY ACT--Table of Contents
 
 Subpart B_Procedures for Filing and Processing Prohibited Transaction 
                         Exemption Applications
 
Sec. 2570.37  Duty to amend and supplement exemption applications.

    (a) During the pendency of his exemption application, an applicant 
must promptly notify the Division of Exemptions in writing if he 
discovers that any material fact or representation contained in his 
application or in any documents or testimony provided in support of the 
application is inaccurate, if any such fact or representation changes 
during this period, or if, during the pendency of the application, 
anything occurs that may affect the continuing accuracy of any such fact 
or representation.
    (b) If, at any time during the pendency of his exemption 
application, an applicant or any other party in interest who would 
participate in the exemption transaction becomes the subject of an 
investigation or enforcement action by the Department, the Internal 
Revenue Service, the Justice Department, the Pension Benefit Guaranty 
Corporation, or the Federal Retirement Thrift Investment Board involving 
compliance with provisions of ERISA, provisions of the Code relating to 
employee benefit plans, or provisions of FERSA relating to the Federal 
Thrift Savings Fund, the applicant must promptly notify the Division of 
Exemptions.
    (c) The Department may require an applicant to provide documentation 
it considers necessary to verify any statements contained in the 
application or in supporting materials or documents.