diff --git a/libraries/chain/smt_evaluator.cpp b/libraries/chain/smt_evaluator.cpp
index 2f215bbf84..dd8c875e26 100644
--- a/libraries/chain/smt_evaluator.cpp
+++ b/libraries/chain/smt_evaluator.cpp
@@ -100,6 +100,7 @@ void smt_create_evaluator::do_apply( const smt_create_operation& o )
       FC_ASSERT( token_ptr->control_account == o.control_account, "You do not control this SMT. Control Account: ${a}", ("a", token_ptr->control_account) );
       FC_ASSERT( token_ptr->phase == smt_phase::setup, "SMT cannot be reset if setup is completed. Phase: ${p}", ("p", token_ptr->phase) );
       FC_ASSERT( !util::smt::last_emission_time( _db, token_ptr->liquid_symbol ), "Cannot reset an SMT that has existing token emissions." );
+      FC_ASSERT( util::smt::ico::ico_tier_size(_db, token_ptr->liquid_symbol ) == 0, "Cannot reset an SMT that has existing ICO tiers." );
 
       _db.remove( *token_ptr );
    }
diff --git a/tests/tests/smt_operation_tests.cpp b/tests/tests/smt_operation_tests.cpp
index 5109d04c6c..b7efb08c0d 100644
--- a/tests/tests/smt_operation_tests.cpp
+++ b/tests/tests/smt_operation_tests.cpp
@@ -1949,10 +1949,21 @@ BOOST_AUTO_TEST_CASE( smt_create_reset )
       op4.control_account = "alice";
       op4.symbol = alice_symbol;
 
+      smt_capped_generation_policy valid_capped_generation_policy;
+      valid_capped_generation_policy.generation_unit.steem_unit[ "alice" ] = 2;
+      valid_capped_generation_policy.generation_unit.token_unit[ "alice" ] = 2;
+
+      smt_setup_ico_tier_operation op5;
+      op5.control_account = "alice";
+      op5.steem_units_cap = 100000;
+      op5.generation_policy = valid_capped_generation_policy;
+      op5.symbol = alice_symbol;
+
       tx.operations.push_back( op1 );
       tx.operations.push_back( op2 );
       tx.operations.push_back( op3 );
       tx.operations.push_back( op4 );
+      tx.operations.push_back( op5 );
       tx.set_expiration( db->head_block_time() + STEEM_MAX_TIME_UNTIL_EXPIRATION );
       sign( tx, alice_private_key );
       db->push_transaction( tx, 0 );
@@ -1992,6 +2003,20 @@ BOOST_AUTO_TEST_CASE( smt_create_reset )
       sign( tx, alice_private_key );
       db->push_transaction( tx, 0 );
 
+      BOOST_TEST_MESSAGE( "--- Failure resetting SMT" );
+      op.smt_creation_fee = ASSET( "0.000 TBD" );
+      tx.clear();
+      tx.operations.push_back( op );
+      sign( tx, alice_private_key );
+      STEEM_REQUIRE_THROW( db->push_transaction( tx, 0 ), fc::assert_exception );
+
+      BOOST_TEST_MESSAGE( "--- Success deleting ICO tier" );
+      op5.remove = true;
+      tx.clear();
+      tx.operations.push_back( op5 );
+      sign( tx, alice_private_key );
+      db->push_transaction( tx, 0 );
+
       BOOST_TEST_MESSAGE( "--- Success resetting SMT" );
       op.smt_creation_fee = ASSET( "0.000 TBD" );
       tx.clear();