### Question
What is the definition of designated activity?


### Answer
The definition of **designated activity** is as follows in *12 U.S.C. § 5462*:

> 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**

