It's very formal and it means 'to implement something'. The management effected a new policy. So, if you find this difference affecting your English, just remember that affect with an 'a' is a verb ...

Cozz set out to tell an important story on his debut album, Effected.After breaking into the game under J. Cole’s tutelage, the South Central rapper took his time, crafting a 14-song narrative ...

Also effected by the winter weather has been the Scottish leagues, but especially the amateur game across the continent has been hit hard. Many match venues are closed as are training grounds and ...