CFR > Title 29 - Labor > SUBTITLE B—Regulations Relating to Labor > CHAPTER XXV—EMPLOYEE BENEFITS SECURITY ADMINISTRATION, DEPARTMENT OF LABOR (parts 2509 to 2590) > SUBCHAPTER J—FIDUCIARY RESPONSIBILITY UNDER THE FEDERAL EMPLOYEES' RETIREMENT SYSTEM ACT OF 1986 (parts 2582 to 2584) > PART 2584—RULES AND REGULATIONS FOR THE ALLOCATION OF FIDUCIARY RESPONSIBILITY > 2584.8477(e)-5—Effect of allocation.

2584.8477(e)-5—Effect of allocation.

Where fiduciary responsibility has been allocated to another person or persons pursuant to the procedures contained in this part, the allocating fiduciary shall not be liable for any act or omission of such person or persons unless:
(a) The allocating fiduciary has violated 5 U.S.C. 8477(b) with respect to—
(1) The allocation or the continuation of the allocation,
(2) The implementation of these procedures, or
(3) The duty to monitor the performance of such person or persons in a reasonable manner during the life of the allocation, or
(b) The allocating fiduciary would otherwise be liable in accordance with 5 U.S.C. 8477(e)(1)(D).