The Commodity Futures Trading Commission and the Securities and Exchange Commission this week harmonized the disclosure requirements for mutual fund companies that operate commodity pools.

“It will help simplify things a little by eliminating the need for duplicate and different paperwork with the two agencies,” said Investment Adviser Association Special Counsel Paul Glenn.

The CFTC release adopted rules so SEC-registered mutual funds that are also commodity pool operators can be deemed in compliance with CFTC rules if they file a notice with the National Futures Association.

That result is something the IAA and others have requested, Glenn said.

The association sent out a “members-only” alert on the development Tuesday