Vatican, 06 December, 2022 / 7:25 pm (ACI Africa).
Pope Francis issued a decree on Tuesday aimed at improving the financial accountability of funds, foundations, and other legal entities inside the Vatican.
In the future, these entities — also known as juridical persons — will be controlled by the bodies such as the Secretariat for the Economy and not just supervised by their respective institutions.
The motu proprio is complemented by a law covering entities in the Vatican City State. Both were published Dec. 6 and come into force on Dec. 8.
Pope Francis noted in his apostolic letter that foundations and other affected entities “are instrumental in the realization of the ends proper to the curial institutions at the service of the ministry of the Successor of Peter.”
It was therefore necessary, he added, “that they be subject not only to the supervision of the curial institutions from which they depend, but also to the control and surveillance of the economic bodies of the Roman Curia.”
