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CRA Subtitle C Reporting Instructions and Forms EPA Forms 870012, 870013 A/B, 870023(OMB #20500024; Expires 04/30/2024)Table of Contents INTRODUCTION .....................................................................................................................................................
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Identify the changes needed in the current definition.
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Who needs important definition changes?

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Organizations seeking to align their definitions with current standards.
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Important definition changes refer to modifications in the terminology or criteria used in legal or regulatory documents that impact compliance and reporting obligations.
Entities that are subject to regulatory requirements or compliance obligations must file important definition changes, typically including businesses, organizations, and financial institutions.
To fill out important definition changes, entities should follow the specific guidelines provided by the relevant authority, ensuring that all required information is accurately completed and submitted in the prescribed format.
The purpose of important definition changes is to clarify, update, or refine definitions that are essential for compliance, ensuring all parties have a clear understanding of obligations and terms used in regulatory contexts.
The information that must be reported includes the revised definitions, rationale for the changes, effective dates, and any relevant contextual information that may impact compliance.
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