### Question
How does the law define designated activity?


### Answer
Under *12 U.S.C. § 5462*, **designated activity** is defined as:

> a payment, clearing, or settlement activity that the Council has designated as systemically important under section 5463 of this title

#### Citation:
  - *12 U.S.C. § 5462*
  - Heading: **CHAPTER 53-WALL STREET REFORM AND CONSUMER PROTECTION > SUBCHAPTER IV-PAYMENT, CLEARING, AND SETTLEMENT SUPERVISION**

