Overview

• APSA regains primary authority to determine the Holy See’s investment activities, reversing the centralization enacted in 2022.
• The IOR’s internal structure will generally be used for implementation unless competent organs judge external intermediaries more efficient or convenient.
• The 23 August 2022 Rescriptum on managing Holy See finances is formally abrogated in the new decree.
• Pope Leone XIV approved recommendations unanimously adopted by the Council for the Economy as the basis for the reform.
• The letter, dated 29 September 2025 at St. Peter’s, is promulgated via L’Osservatore Romano with same‑day entry into force and subsequent insertion in the Acta Apostolicae Sedis.