# GAZZETTA UFFICIALE DELL'ORDINE SOVRANO MILITARE DI MALTA
# OFFICIAL GAZETTE OF THE SOVEREIGN MILITARY ORDER OF MALTA (GUOSMM)

| Field | Value |
|-------|-------|
| Document ID | `GUOSMM-E-2026-004` |
| Series | E |
| Document type | Reserve Management Policy |
| Published | 2026-07-02T16:00:00Z |
| Effective | 2026-07-03T00:00:00Z |

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# Reserve Management Policy — Treasury and EMCB Oversight

## Section 1 — Policy

Governance for **reserve management** supporting SCUDO credibility — distinct from reserve asset eligibility (B-2026-002).

## Section 2 — Roles

| Role | Body |
|------|------|
| Issuer | Treasury |
| Administrator / sguardio | OMNL |
| Public reporting | Series E (this policy + E-2026-005) |

## Section 3 — Risk limits

Concentration, custody, and liquidity buffers published in quarterly reserve reports.

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*Signing authority: Sovereign Military Order of Malta · Tier 1 magistral instrument under 1113 delegated powers taxonomy*