diff --git a/CHANGELOG.md b/CHANGELOG.md
new file mode 100644
--- /dev/null
+++ b/CHANGELOG.md
@@ -0,0 +1,2 @@
+# monad-time-0.3.0.0 (2018-04-03)
+* Added a MonadTime instance for ReaderT UTCTime (#2).
diff --git a/README.md b/README.md
new file mode 100644
--- /dev/null
+++ b/README.md
@@ -0,0 +1,4 @@
+# monad-time [![Hackage version](https://img.shields.io/hackage/v/monad-time.svg?label=Hackage)](https://hackage.haskell.org/package/monad-time) [![Build Status](https://secure.travis-ci.org/scrive/monad-time.svg?branch=master)](http://travis-ci.org/scrive/monad-time)
+
+A `MonadTime` type class for monads which carry the notion of the
+current time.
diff --git a/monad-time.cabal b/monad-time.cabal
--- a/monad-time.cabal
+++ b/monad-time.cabal
@@ -1,16 +1,23 @@
 name:                monad-time
-version:             0.2
-synopsis:            Type class for monads which carry the notion of the current time.
-description:         'MonadTime' type class for monads which carry the notion of the current time.
+version:             0.3.0.0
+synopsis:            Type class for monads which carry
+                     the notion of the current time.
+description:         'MonadTime' type class for monads
+                     which carry the notion of the current time.
 homepage:            https://github.com/scrive/monad-time
 license:             BSD3
 license-file:        LICENSE
 author:              Andrzej Rybczak
-maintainer:          andrzej@scrive.com
+maintainer:          Andrzej Rybczak <andrzej@rybczak.net>,
+                     Jonathan Jouty <jonathan@scrive.com>,
+                     Mikhail Glushenkov <mikhail@scrive.com>
+copyright:           Scrive AB
 category:            Control
 build-type:          Simple
 cabal-version:       >=1.10
-tested-with:         GHC==7.4.2, GHC==7.6.3, GHC==7.8.4, GHC==7.10.3, GHC==8.0.1
+extra-source-files:  README.md CHANGELOG.md
+tested-with:         GHC == 7.4.2, GHC == 7.6.3, GHC == 7.8.4, GHC == 7.10.3,
+                     GHC == 8.0.2, GHC == 8.2.2, GHC == 8.4.1
 
 source-repository head
   type:     git
diff --git a/src/Control/Monad/Time.hs b/src/Control/Monad/Time.hs
--- a/src/Control/Monad/Time.hs
+++ b/src/Control/Monad/Time.hs
@@ -1,9 +1,8 @@
-{-# OPTIONS_GHC -fno-warn-deprecated-flags #-}
-{-# LANGUAGE FlexibleContexts, FlexibleInstances, OverlappingInstances
-  , UndecidableInstances #-}
+{-# LANGUAGE FlexibleContexts, FlexibleInstances, UndecidableInstances #-}
 module Control.Monad.Time (MonadTime(..)) where
 
 import Control.Monad.Trans
+import Control.Monad.Reader (ReaderT, ask)
 import Data.Time
 
 -- | Class of monads which carry the notion of the current time.
@@ -14,8 +13,11 @@
 instance MonadTime IO where
   currentTime = getCurrentTime
 
+instance {-# OVERLAPPING #-} Monad m => MonadTime (ReaderT UTCTime m) where
+  currentTime = ask
+
 -- | Generic, overlapping instance.
-instance (
+instance {-# OVERLAPPABLE #-} (
     MonadTime m
   , MonadTrans t
   , Monad (t m)