Not only does the Holy See possess its own assets, whose management requires appropriate attention, but it is also an entity that performs certain supervisory functions in relation to the assets of universal Church. A particularly important aspect of exercising this supervision by the Holy See is its control over specific alienation procedures regarding the universal Church’s assets. Therefore, the status quo leads to the question of whether the regulations contained in the Code of Canon Law of 1983 are sufficiently clear and comprehensible, whether they raise any doubts as to their interpretation, and whether they can guarantee the actual supervision of the Holy See over the alienation of assets, and thus the proper protection of church property. Furthermore, what is the form this supervision takes and — given the premises of Pope Francis’s reform — do the procedures connected with obtaining permission of the Holy See correspond with both the «demands of the times» and requirements of the Church in the contemporary economic and legal reality? The present article shall address and answer the aforementioned questions through an analysis of the regulations listed in the Code that govern the indicated matter.