RE: Morning all2 Dec 2025 10:12
Regulators dislike anything
that looks like "managing
sentiment"
During a licence application, regulators
scrutinise governance, conduct, and market
behaviour.
Directors suddenly buying stock while awaiting
approval can look like:
• trying to signal insider confidence to move
the share price
• attempting to influence market perception of
the company
• acting on non-public regulatory information
even unintentionally
MiCA-related approvals involve the FCA-style
assessment of "fit and proper" behaviour and
market-conduct expectations. Directors
generally stay clean and quiet during this period.