On 17 December 2012, ESMA published guidelines on ETFs and UCITS which came into effect on 18 February 2013. In February 2013 the Central Bank updated the UCITS Notices to reflect these guidelines. The Technical Committee of the Irish Funds Industry Association (IFIA) has issued guidance on the application of the amended Notices as they pertain to the annual and half-yearly reports for Irish authorised UCITS.