Treasury and the Department for Business, Innovation and Skills have responded to feedback on the Government's Green Paper on financing a private sector recovery. Many of the comments raised issues on regulation of banks and availability of finance. Respondents wanted it to be easier for smaller entities to access the debt and equity markets. To help, the Government intends to introduce two of the changes to the Prospectus Directive ahead of schedule, to exempt from the requirement to produce a prospectus offers to 150 investors in any Member State (rather than the current 100) and to exempt offers for up to €5 million (rather than the current €2.5 million). It will consult in the New Year on how to do so.