Magistral Instrument establishing Monetary Authority Framework

---
guosmmDocumentId: GUOSMM-A-2026-001
title: "Magistral Instrument establishing Monetary Authority Framework"
language: en
publishedAt: 2026-07-02T14:00:00Z
effectiveAt: 2026-06-13T00:00:00Z
signingAuthority: Sovereign Military Order of Malta
republicationVersion: 3
---

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

| Field | Value |
|-------|-------|
| Document ID | `GUOSMM-A-2026-001` |
| Series | A |
| Document type | Magistral Legislative Instrument — Monetary Framework |
| Published | 2026-07-02T14:00:00Z |
| Effective | 2026-06-13T00:00:00Z |
| Republication | v3 (2026-07-02T14:00:00Z) |

---


# Magistral Instrument establishing Monetary Authority Framework

## Preamble

The Sovereign Military Hospitaller Order of St John of Jerusalem of Rhodes and of Malta ("the Order"), recognized by Pope Paschal II in the Bull *Pie Postulatio Voluntatis* (1113) and governed under the Constitutional Charter and Code promulgated 3 September 2022, exercises delegated magistral authority under Article 15 and Article 6(5) of that Charter. This instrument is published in the Gazzetta Ufficiale dell'Ordine Sovrano Militare di Malta (GUOSMM) as subordinate Order law. It is not an amendment to the Carta Costituzionale.

Legal effectiveness originates from Tier 1 GUOSMM publication under Order law. External notice serves transparency and interoperability — not creation.

This Instrument codifies the monetary architecture of the Order under 1113 property and treasury administration: **Treasury issues SCUDO**; **GRU** is **monetary policy** for a **tokenized reserve basket**; **OMNL** is the **EMCB institution of the Order**; **DBIS** is a **Tripartite Sovereign Body** for settlement among EMCBs and central banks within treatied nations — apart from the OMNL chain.

### Historical precedent (Rhodes and Malta)

Accreted Hospitaller mint practice from **Rhodes** (c. 1318) and **Malta** (1530–1798) evidences treasury administration of monetary instruments under the Order's legal order — including silver **grossi** and **gigliati**, the Maltese **scudo / tarì / grani** system aligned with Sicilian standards, and (after the Great Siege of 1565) fiduciary copper inscribed ***NON AES SED FIDES*** ("not bronze/copper, but faith/trust"). The **Codice de Rohan (1782)** distinguished *Del Comun Tesoro* (treasury) from *Dello Sguardio* (oversight) — an historical analogue to Treasury issuance and OMNL EMCB supervision under this Instrument and `GUOSMM-B-2026-001`.

Territorial minting ceased in **1800** following the loss of Malta (**1798**). Modern commemorative scudi (from **1961**) are not Tier 1 GUOSMM monetary instruments. Electronic **SCUDO** under this Instrument is issued by the **Monetary and Treasury Administration** — not a revival of circulating Maltese specie and not a claim of automatic nation-state legal tender abroad.

Institutional sources: Central Bank of Malta; Sovereign Military Order of Malta numismatic history; registry `config/hospitaller-numismatic-sources.v1.json`; companion notice `GUOSMM-A-2026-005`.

## Article 1 — Title and Authority

1.1 This Magistral Legislative Instrument is published in GUOSMM (Series A).  
1.2 The Order establishes the legal framework to charter, license, regulate, and supervise monetary authorities, electronic money central banks, settlement institutions, and related juridical persons under Order law.

## Article 2 — Objects

2.1 Enable the **Monetary and Treasury Administration** to issue **SCUDO** under delegated magistral authority.  
2.2 Establish the **GRU** monetary-policy framework for a tokenized reserve basket (commodities, currencies, securities, and additional eligible components).  
2.3 Charter **OMNL** as the Order's **Electronic Money Central Bank (EMCB)** institution on the domestic e-money plane.  
2.4 Charter the **International Settlements Bank (DBIS)** as a **Tripartite Sovereign Body** for inter-EMCB a

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