Pope Innocent II issues the papal bull Omne Datum Optimum ("every perfect gift") endorsing the Order of the Poor Knights of Christ and of the Temple of Solomon (Knights Templar), formally approving of the rules of the order (commissioned by St. Bernard and recognized by the Council of Troyes in January, 1129), and granting them papal protection.
Most significant is that Pope Innocent II places the Knights Templar above all local laws. They will be able to cross borders at will, settle wherever they wanted, become exempt from any and all authority except the pope, and perhaps most importantly become exempt from every sort of duty or tax:
"As for the things that you will receive from the spoils, you can confidently put them to your own use, and we prohibit that you be coerced against your will to give anyone a portion of these."
This ensures that the Knights Templar will be able to accumulate massive wealth independent of any political and most ecclesiastical control.