Vatican website translation:
80. The rite for the consecration of virgins at present found in the Roman Pontifical is to be revised.
Moreover, a rite of religious profession and renewal of vows shall be drawn up in order to achieve greater unity, sobriety, and dignity. Apart from exceptions in particular law, this rite should be adopted by those who make their profession or renewal of vows within the Mass.
Religious profession should preferably be made within the Mass.
Latin text:
80. Ritus Consecrationis Virginum, qui in Pontificali romano habetur, recognitioni subiciatur.
Conficiatur praeterea ritus professionis religiosae et renovationis votorum, qui ad maiorem unitatem, sobrietatem et dignitatem conferat, ab iis qui professionem vel votorum renovationem intra Missam peragunt, salvo iure particulari, assumendus.
Professio religiosa laudabiliter intra Missam fiet.
Slavishly literal translation:
80. Let the Rite of Consecration of Virgins, which is preserved in the Roman Pontifical, undergo revision.
In addition, let a rite of religious profession and of renewal of vows be constructed, which is to confer greater unity, sobriety and dignity [upon it], to be assumed by those who enact [religious] profession or renewal of vows within Mass, with particular law preserved.
Religious profession may praiseworthily be made within Mass.
Over the centuries, religious communities have developed a great variety of ritual expressions for initiating members. Here the Council Fathers assert that the older Rite of Consecration of Virgins found in the Roman Pontifical should be revised and they further propose constructing a new rite of Religious Profession that could also be modified for the renewal of vows. By the exception clause โsalvo iure particulari,โ the Council Fathers recognize that the lawful texts and ceremonies for initiation into religious institutes are worthy of respect, even if those institutes are encouraged to examine their rituals of profession and renewal of vows in the light of criteria of unity, sobriety and dignity. Perhaps the most important wish expressed by the Council Fathers is that a clear connection be made between initiation/renewal of religious life and the โsacrament of on-going initiation,โ the Holy Eucharist.
Since I do not belong to a religious community, I feel incompetent to comment on how the Council Fathers desires have been met in the last half century. I would invite members of religious communities (monastic, mendicant, contemplative, active, etc.) to share how their initiatory rituals have changed in the light of article 80.

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