The Central Bank consultation, CP 50 also dealt with the proposed implementation of the ESMA guidelines on a common definition of European money market funds (which issued in May 2010 and is to be implemented by 1 July 2011). Both UCITS and non-UCITS money market funds (including Qualifying Investor Funds) must comply with ESMA's guidelines on a common definition of European money market funds by 1 July 2011 .The Central Bank have highlighted in CP 50 that an amendment to the prospectus of each money market fund to reflect whether it is a "short -term money market fund" or a "money market fund" will be necessary before 1 July 2011 and that draft prospectuses must be submitted by Friday, 29 April 2011.