While much of the SEC's Regulation Best Interest affects broker-dealers with its four obligations requirement (disclosure, care, conflicts of interest, and compliance), it also includes rollover recommendations from workplace retirement accounts, which advisors need to be aware of. Along with that more well-known part of the regulation package come new Form CRS requirements that advisors need to focus on. The date for compliance is June 30, 2020, despite possible legal or legislative action."This is huge," said Drinker Biddle's Fred Reish in a webinar. "The first thing a firm should do is sit down with your attorneys. My general view is that people don't realize how much has to be done, and how short one year is." Broker-dealers are certainly aware of the regulation, if not its compliance date. Over half of independent broker-dealer executives polled said the new SEC regulations will cause "confusion and other challenges." And only 27% of independent B-Ds felt the financial impact of compliance would be minor, according to the poll from our sister magazine, Investment Advisor. Do you anticipate challenges in complying with Reg BI or the other rules associated with it? Do you have a plan set for compliance?