Nigeria SEC sets T+1 settlement and collateral rules; Mexico and Iraq act

The Central Bank of Iraq grants Bee Company for Financial Services, Electronic Payment, Blockchain and Digital Technologies a final licence (No. 21 of 2026) to operate in Iraq as issuer, processor, collector and mobile wallet for managing local operations. The letter also approves the appointment of Hussein Saadi Wahib as the company's authorised manager and requires payment of a licensing fee via RTGS.

The Bank of Mexico is putting into circulation a 20-peso coin commemorating the 2026 FIFA World Cup, organized by Mexico-United States-Canada, with code 959 and specific characteristics including a dodecagonal shape, bimetallic composition, and security elements. Credit institutions must make their deposits in the Bank of Mexico in accordance with Circular 3/2025, separating this coin from those with code 810 and without combining dodecagonal coins with circular ones. The circular enters into force on the same date as its issuance.

The Bank of Mexico puts into circulation a twenty-peso coin commemorating the 2026 FIFA World Cup, of standard minting and dodecagonal shape, with key 959, which will coexist with the twenty-peso banknotes and coins currently in circulation. Credit institutions must adjust their deposits in the Bank of Mexico in accordance with the provisions of Circular 3/2025, separating this new coin from those with key 810 and without combining dodecagonal coins with circular ones. The circular enters into force on the same date as its issuance.

The Bank of Mexico puts into circulation a 20-peso coin commemorating the 2026 FIFA World Cup, Monterrey edition, with code 959, which will coexist with the 20-peso banknotes and coins currently in circulation. Credit institutions must adjust their deposits at the Bank of Mexico in accordance with Circular 3/2025, separating this new coin from those with code 810 and considering the content of 700 pieces per bag for the dodecagonal coins with code 959.

The Securities and Exchange Commission of Nigeria clarifies that all existing and prospective Collateral Management Companies, Warehouse Operators, and Warehouses linked to commodity exchanges or involved in issuing electronic warehouse receipts must register with the Commission under the Investments and Securities Act 2025 and related rules. Existing operators under informal or transitional arrangements must submit a complete registration application within 90 days of the circular, as current operations do not constitute automatic registration or exemption.

The Securities and Exchange Commission of Nigeria warns the public about the increasing promotion of unregistered online investment schemes on social media and websites, many of which exhibit characteristics of Ponzi or prohibited investment schemes. The Commission advises the public to refrain from investing in such platforms and to verify the registration status of any entity offering investment opportunities before transacting.

The Securities and Exchange Commission of Nigeria announces the transition from a T+2 to a T+1 settlement cycle for equities and commodities transactions cleared and settled by the Central Securities Clearing System (CSCS), effective June 1, 2026. The change is part of the Commission's market modernization initiatives to enhance efficiency, strengthen risk management, reduce counterparty exposure, improve liquidity, and align with international standards. All capital market operators and relevant stakeholders must ensure full operational readiness and compliance with the new framework.