Page 39 - 期货和衍生品行业监管动态（2023年12月刊）

期货和衍生品行业监管动态

ESAs Recommend Steps to Improve Activities of Innovation Facilitators Across

the European Economic Area (2023/12/11)

The three European Supervisory Authorities (EBA, EIOPA and ESMA – the

ESAs) today published a Report on innovation facilitators, a term encompassing

innovation hubs and regulatory sandboxes. The Report identifies a number of

benefits and challenges relating to the operation and design of such innovation

facilitators and presents recommendations and considerations towards national

competent authorities (NCAs), the ESAs and the European Commission to further

enhance the role and efficiency of innovation facilitators in the financial sector

across the European Economic Area (EEA).

Since the last Report in 2019, innovation hubs in the EEA have undergone

improvements in their operations while maintaining their focus on enhancing firms’

understanding of the regulation and supervisory expectations. Regulatory sandboxes

have offered the FinTech sector a safe environment to test their business ideas and
allowed NCAs to stay abreast of emerging innovations in the financial sector and to

better identify cases where a reassessment of regulatory perimeters may be needed.

To further improve the operation of innovation facilitators and to enhance the

experience for participating firms, the NCAs are invited to:

 improve their understanding of the concerns and interests of participating

firms;

 broaden the scope of innovations captured, including at the cross-sectoral

level;

 ensure an effective collaboration among NCAs;

 continuously evaluate the functioning of innovation hubs and regulatory

sandboxes.

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