The Commission presented for consultation new draft rules to exempt more subsidies from the notification obligation laid down in EC Treaty state aid rules. The new so-called “block exemption” Regulation would on the one hand simplify and consolidate into one text five existing block exemptions for aid to SMEs, research and development aid in favour of SMEs, aid for employment, training aid and regional aid. In addition, the new Regulation would also allow the block exemption of three new types of aid: environmental aid, aid in the form of risk capital and Research and Development aid in favour of large enterprises. Subsidies which fulfilled the conditions laid down in the new Regulation would be considered as compatible with state aid rules without requiring prior notification to the Commission. [24 April 2007]