"One somewhat controversial issue raised by the proposed rule had been whether the requirement to disclose information about changes in the 'current year' if they occur more than 120 days before the due date for furnishing the AFN. Some practitioners had questioned whether 'current year' refers to the year being reported by the AFN or the year in which it is provided. DOL stuck with its view of reporting on changes in the year in which the AFN is reported. However, the definition of 'taking effect' was modified to mean the date the event takes effect for funding purposes. As a result, the need for reporting will need to consider factors such as the election in the funding rules to accelerate recognition of an amendment."