The European Commission has launched the European Forum for Innovation Facilitators (EFIF). It is intended to provide a platform for participating authorities to collaborate and share experiences from engagement with firms through innovation facilitators. The establishment of EFIF follows up on the 2019 ESA’s joint report on regulatory sandboxes and innovation hubs and is in line with the Commission’s FinTech Action Plan‘s objectives to support the competitiveness of the European financial sector and contribute to make Europe a hub for future innovation in FinTech. The ESAs and National Competent Authorities will be the members of the EFIF. In addition, and on ad-hoc basis, representatives from third-countries’ competent authorities will be invited to participate in the EFIF meetings.

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