The Central Bank has confirmed its view that the scope of transactions caught by the requirement to disclose revenues arising from EPM techniques in a UCITS annual report would be that it is applicable only to revenue from securities lending arrangements and repurchase/reverse repurchase agreements. This view of the interpretation of the reference to “revenue” in Guideline 35(d) of the Guidelines is given subject to any clarification which may be provided by ESMA. Paragraph 35 of the Guidelines is repeated in the Central Banks UCITS Notice 8, Appendix A, paragraph 9(iv).