The Libyan Investment Authority welcomes the issuance by the United Nations Security Council Committee established pursuant to Resolution 1970 (2011) concerning Libya of Implementation Assistance Notice No. 8, which provides implementation guidance for applying the exemption set out in paragraph 14 of Security Council Resolution 2769 (2025), allowing the Authority to reinvest certain frozen cash reserves.

The issuance of this Notice represents an important step towards operationalizing the implementation framework under which the relevant cash reserves may, following notification by the concerned Member State and prior approval by the Sanctions Committee, be reinvested in low-risk term deposits and fixed-income instruments, thereby preserving their value and serving the interests of the Libyan people.

Libyan Investment Authority affirms that reinvestment under this exemption does not constitute a lifting of the asset freeze. The principal amounts, together with all returns and income generated therefrom, will remain subject to the asset-freeze regime in accordance with the relevant Security Council resolutions.

The issuance of this Notice reflects the confidence of the international community and the Security Council in the Libyan Investment Authority’s ability to manage Libya’s investments efficiently and transparently.

Libyan Investment Authority reiterates its commitment to managing its assets in accordance with the highest standards of governance, transparency and compliance, and to continuing its efforts to protect the frozen funds from erosion and preserve their value for the benefit of current and future generations of the Libyan people.

The Importance of Issuing the Implementation Assistance Notice No. 8

• The purpose of the Notice is to clarify the mechanism through which certain frozen cash reserves may be reinvested, subject to obtaining the approval of the United Nations Security Council Committee responsible for the asset-freeze measures.
• It allows the relevant funds to be placed in low-risk deposits and fixed-income instruments, rather than remaining as uninvested cash.
• It also aims to mitigate the erosion of the real value of the frozen funds resulting from inflation and market fluctuations over time.
• The Notice identifies the entities responsible for submitting exemption requests, the required information, and the applicable follow-up and annual reporting mechanisms.
• It gives the Libyan Investment Authority a practical role in initiating reinvestment requests and coordinating with the relevant States and financial institutions.
• It further confirms that reinvestment does not constitute a lifting of the asset freeze or permit the disposal of the funds, as the principal amounts and all returns generated from them remain frozen and subject to the relevant Security Council resolutions.
• Overall, the Notice seeks to preserve the value of Libya’s frozen funds and enable their prudent and secure management without undermining the asset-freeze regime, thereby safeguarding the Libyan people’s rights to these funds in the future.

Implementation Assistance Notice # 8