The Libyan Investment Authority (LIA) welcomes the issuance by the United Nations Security Council on 1 May 2026 of the updated Implementation Assistance Notice No. 6. This update follows the LIA’s consistent engagement and formal requests for a definitive clarification of the correct interpretation of asset freeze measures and their protective legal framework.

The LIA emphasizes that this updated Notice addresses a core challenge encountered over recent years, that is, the misinterpretation of asset freeze resolutions by various States, banks, and international financial institutions. Notably, the LIA has frequently been mischaracterized and treated incorrectly as a sanctioned entity, whereas the freeze measures are strictly precautionary and intended to safeguard assets and preserve their value against erosion or depreciation.

In clear and unambiguous terms, the updated Notice confirms this position, affirming that the freezing of LIA assets is a protective and precautionary measure rather than a punitive one. It further prohibits the misuse or misappropriation of these assets and resolves a critical issue by requiring that all asset yields be credited to the LIA’s frozen accounts, while remaining subject to the freeze.

The issuance of this Notice is a testament to the strong cooperation and mutual trust established between the LIA, the United Nations Security Council’s Libya related Sanctions Committee, and the Panel of Experts. It reflects the successful joint efforts undertaken over the past years to maintain the value of these assets and prevent their exploitation.

The LIA trusts that this clarification will serve as a comprehensive and authoritative reference for States and financial institutions, leaving no room for further misinterpretation. Accordingly, it calls for full adherence to the provisions of this Notice in support of the true protective purpose of the asset freeze measures. In addition, the LIA invites full cooperation with its efforts to preserve and maximize the value of these assets, in particular by facilitating the reinvestment of idle cash balances so as to generate sustainable returns and prevent loss of value, in accordance with the precautionary objectives set forth by the relevant United Nations Security Council resolutions.
Libyan Investment Authority

Issued On : 9 May 2026