Pope Leo's Motu Proprio on the financial investments of the Roman Curia. In the apostolic letter "Coniuncta Cura," Prevost rewrites the rules, stripping the IOR of its exclusive right to manage the Holy See's financial investments.
"In determining the financial investment activities of the Holy See," it states, "the Administration of the Patrimony of the Apostolic See generally makes effective use of the IOR's internal organizational structure, unless the competent bodies, as established by the statutes of the Investment Committee, deem it more efficient or convenient to use financial intermediaries established in other States ."
"Co-responsibility in communio is one of the principles for the service of the Roman Curia," the Apostolic Letter states, "as desired by Pope Francis and established in the Apostolic Constitution Praedicate Evangelium of March 19, 2022. This shared responsibility, which also concerns the curial institutions responsible for the Holy See's financial investment activities, requires that the provisions that have arisen over time be consolidated and the roles and responsibilities of each institution be clearly defined, enabling everyone to converge in a dynamic of mutual collaboration ."
"Considering these reasons," he continues, "having carefully evaluated the recommendations unanimously approved by the Council for the Economy and having consulted experts in this matter, with this Apostolic Letter issued Motu Proprio, I fully approve the recommendations and establish the following: the Rescriptum ex Audientia SS.mi, entitled 'Instruction on the Administration and Management of the Financial Activities and Liquidity of the Holy See and of the Institutions Connected with the Holy See', dated 23 August 2022, is repealed."
The Holy See's financial investment activities, which are dedicated to its own use and carried out in accordance with art. 219 of the Apostolic Constitution Praedicate Evangelium, must conform to the provisions established by the Investment Committee, in compliance with the approved Investment Policy . In determining the Holy See's financial investment activities, the Pontiff then orders, the Administration of the Patrimony of the Apostolic See generally makes effective use of the internal organizational structure of the Institute for the Works of Religion, unless the competent bodies, as established by the statutes of the Investment Committee, deem it more efficient or convenient to use financial intermediaries established in other States . I order that what is decided in this Apostolic Letter have firm and lasting force, notwithstanding anything to the contrary, even if worthy of special mention, and that it be promulgated by publication in L'Osservatore Romano, entering into force on the same day of publication, and subsequently inserted into the official commentary of the Acta Apostolicae Sedis.
The Letter was "given" "in Rome, at St. Peter's, on September 29, 2025, the Feast of the Holy Archangels Michael, Gabriel, and Raphael, the first of the Pontificate."
(Unioneonline)
