The security council commends The LIA’s fruitful cooperation with the Panel of experts, encouraging the LIA to further enhance its efforts and improvement in reporting accurate consolidated financial statements in accordance with international standards, including the subsidiaries’, as outlined in the resolution

Welcoming the Libyan Investment Authority’s (LIA) increasing cooperation with the Panel of Experts and calling on the LIA to continue to improve its efforts to offer accurate consolidated financial statements in accordance with international standards and to provide financial statements of its  subsidiaries 

The Security Council welcomes the LIA’s exerted efforts in enhancing transparency and compliance by leveraging specialised international accounting and auditing firms to provide accurate financial statements that adhere to International standards. Moreover, the Council encourages the LIA to continue these efforts for the benefit of the Libyan people, as outlined in paragraph 15 of the resolution .

Welcomes the LIA’s efforts to enhance transparency and compliance by working with international accounting and auditing firms to provide accurate audited consolidated financial statements in accordance with international standards, requests the LIA to continue these efforts and to further improve the accuracy and comprehensiveness of its investment plan, risk management policy and asset allocation guidelines, clarifying data inaccuracies and inconsistencies and addressing conflict of interest issues, and requests the Panel of Experts to provide an updated assessment of the LIA’s updated investment plan in their final report

In accordance to paragraph 17 of resolution 1970 (2011), the Security Council emphasises the importance of preserving the frozen assets in order to be available in the future for the benefit of the Libyan people.  It emphasize  that the aim of the freezing measures is to preserve their value,  and calls for all  Member States to ensure their preservation and prohibit any illegal misuses,  as outlined in paragraph 13 of the resolution( Emphasises that assets frozen pursuant to paragraph 17 of resolution 1970 (2011) shall at a later stage be made available to and for the benefit of the Libyan people, further emphasises that the asset freeze measures are intended to be protective, and calls upon all relevant Member States to protect frozen assets for the future benefit of the Libyan people, including by preventing misuse and misappropriation of frozen assets)

The UN Security Council calls on member states and relevant financial institutions to cooperate with the LIA by enhancing the exchange of any  information related to the frozen assets, which will contribute in improving their managements in accordance with international best practices, as outlined in paragraph 16 of the resolution

Urges Member States to minimise the risk of asset diversion, misappropriation and non-compliance with the asset freeze, and to ensure that the asset freeze is complied with, and encourages Member States and relevant financial institutions to cooperate with the LIA by providing relevant information regarding their frozen assets, as appropriate and applicable

In response of the exerted efforts, the UN security council has decided to permit the LIA to invest its frozen cash reserves in low-risks time deposits with selected financial institutions while remaining under freeze, and to reinvest accumulated cash returns with investment fund managers ,while keeping these returns under freeze. The resolution also provides for a review of the  remaining provisions of the LIA’s  short term investment plan ;which was submitted in early 2024 , during the coming period, as stated in paragraph 14 of the resolution ( Welcomes the recommendations by the Panel of Experts in its final report (S/2024/914) on possible actions that could enable the reinvestment of the LIA’s frozen assets for the purpose of preserving their value and benefiting the Libyan people at a later stage)