In the news this month:

On the domestic front, the New Fitness and Probity Regime issued on 1 September, 2011 with draft Guidelines open for comment until 30 September, 2011 and from 1 September, 2011 a new funds information reporting system takes effect for fund service providers who submit returns to the Central Bank in an electronic format through a web-based electronic reporting system.

On the international front, ESMA will hold open hearings on 26 September, 2011 on AIFMD and on UCITS Exchange Traded Funds (ETFs) and Structured UCITS. ESMA issued a Q&A on its common definition of EU money market funds and a further compromise text of EMIR issued dated 29 August, 2011.