Pope Francisco promulgates motu proprio on the financial control of institutions

Pope Francis promulgated an Apostolic Letter in the form of a «Motu Proprio» on the «juridical persons instrumental to the Roman Curia» in which he reaffirms the importance of the control and surveillance of financial transactions.

The Press Office of the Holy See released this new «Motu Proprio» signed by Pope Francis on December 6, together with the law «on juridical persons in the Vatican City State» which is scheduled to begin on December 8.

The new law is composed of 22 articles and is signed by the President of the Governorate of the Vatican City State, Cardinal Fernando Vergez Alzaga, and by the Secretary General of the same Dicastery, Sr. Raffaella Petrini.

“The person who is trustworthy in very small matters is also trustworthy in great ones.”

Pope Francis quotes Luke (16:10a) at the start of the Motu Proprio. The Motu Proprio consists of 8 articles. In the introduction, the Pope points out that after the promulgation of the apostolic constitution «Praedicate Evangelium» it is also «necessary to regulate the various funds, foundations and entities which, over the years, have arisen within the curial institutions and depend directly on them.»

For this reason, the Pope established that this «regulation applies to the instrumental juridical persons» that refer to the Holy See, registered in Article 1 of the Statute of the Council of the Economy and located in the Vatican City State, «to the exclusion of the Curial Institutions and the offices of the Roman Curia, of the Institutions connected to the Holy See and of the Governorate of the Vatican City State.»

Among the technical aspects addressed in the document, it highlights the importance of the supervision and «vigilance and control in economic-financial matters» carried out by the Secretariat for the Economy.

Source: Vatican news

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