A document signed by Cardinal Víctor Manuel Fernández, Prefect of the Dicastery for the Doctrine of the Faith, defines the rite celebrated on 1 July as an “act of a schismatic nature,” with an explanatory note providing details of the grave canonical sanction of excommunication.

Vatican News
The bishops of the Priestly Fraternity of Saint Pius X, Alfonso de Galarreta and Bernard Fellay—respectively principal consecrator and co-consecrator—and the newly consecrated bishops Pascal Schreiber, Michael Goldade, Michel Poinsinet de Sivry, and Marc Hanappier have incurred “ipso facto” the “latae sententiae” excommunication reserved . . .