[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: 29CFR2584.8477(e)-4]

[Page 612-613]
 
                             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)-4  Revocation and termination of allocation.

    (a) Any allocation made pursuant to this part must be revocable at 
will by the allocating fiduciary, subject only to notice which is 
reasonable under the circumstances.
    (b) Any revocation by the allocating fiduciary or termination of an 
allocation by the fiduciary to whom duties have been allocated must set 
forth in writing the duties and responsibilities as to which the 
revocation or termination is effective, either in the body of the 
document or by reference to another document existing at the time of the 
revocation or termination.

[[Page 613]]

    (c) Any revocation of an allocation must--
    (1) In the case of an allocation which was made by the Board, be 
authorized by the concurring vote of a majority of the total membership 
of the Board and be signed by the Chairman of the Board, or
    (2) In the case of an allocation which was made by the Executive 
Director, be signed by the Executive Director.
    (d) Any termination of an allocation, to be effective, must--
    (1) In the case of an allocation which was made by the Board, be 
signed by the terminating fiduciary and acknowledged in writing by the 
Chairman of the Board, or
    (2) In the case of an allocation which was made by the Executive 
Director, be signed by the terminating fiduciary and acknowledged in 
writing by the Executive Director.
    (e) Any revocation or termination of an allocation must be 
communicated by the Executive Director in an appropriate written form to 
the participants and beneficiaries of the Thrift Savings Fund in a 
manner which identifies the person(s) assuming the responsibilities 
which were the subject of the revocation or termination.