Overview
- The Apostolic Letter “Coniuncta Cura” reworks investment governance for the Holy See and removes the Vatican bank’s exclusivity.
- APSA is reinstated as the body that determines investment activity, generally using the IOR’s internal structure but without any obligation to use it exclusively.
- Investment operations must conform to dispositions set by the Committee for Investments and comply with the approved Investment Policy.
- The measure abrogates the 23 August 2022 Rescriptum that had centralized management of financial investments under the IOR.
- Dated 29 September 2025 and promulgated via L’Osservatore Romano, the Motu Proprio takes effect upon publication following unanimous recommendations from the Council for the Economy.