On Monday, November 27, 2017, the Department of Labor (DOL) announced that some key provisions of the fiduciary rule will be extended for 18 months. The fiduciary rule, in its most basic context, requires brokers and advisors to act in the best interests of their clients who have retirement accounts, including IRAs and rollovers from qualified retirement plans, including 401(k) and 403(b) plans. The DOL first proposed the regulations in October 2010 but withdrew them in 2011 after opposition from the financial services industry as well as some members of Congress. The regulations were reintroduced in 2015 with the final rule becoming effective June 7, 2016. Compliance with the rules surrounding broker conduct and disclosure was delayed until April 10, 2017. A transition period for compliance with some of the provisions was put in place from April 10, 2017 until January 1, 2018. This latest delay will extend implementation of the enforcement provisions of the rule until July 1, 201