The European Forum for Innovation Facilitators (EFIF) is the platform for EU financial supervisors to meet regularly and share experiences from engagement with firms through "innovation facilitators" (a catch-all term for regulatory sandboxes and innovation hubs). The objectives are to share technological expertise, reach common views on the regulatory treatment of innovative products, services and business models, and encourage bilateral and multilateral coordination on sandbox testing where relevant.

The European Forum for Innovation Facilitators was established further to the January 2019 Joint ESA report on regulatory sandboxes and innovation hubs which identified a need for action to promote greater coordination and cooperation between innovation facilitators to support the scaling up of fintech firms across the single market.

For further information about the European Forum for Innovation Facilitators, see the Terms of reference below.