The staffs of the U.S. Securities and Exchange Commission and the Employee Benefits Security Administration will be joining in an effort to improve retirement plan investment account oversight.

Officials at the SEC and the U.S. Labor Department, the parent of EBSA, have signed a memorandum of understanding that calls for the staffs of EBSA and the SEC to meet regularly to discuss trends and share examination findings and enforcement cases.

The agreement will “expedite the sharing of non-public information regarding investment [advisors] and other subjects of mutual interest,” officials say.

The agencies will appoint regional office liaisons to improve communications at the regional level as well as in Washington.

In addition, to improve SEC staffers’ ability to understand EBSA staffers, and EBSA staffers’ ability to understand SEC staffers, the SEC and EBSA each will provide cross-training for employees from the other agency, officials say.