### Question
Can you define what designated financial market utility means?


### Answer
**Designated financial market utility** is defined as the following in *12 U.S.C. § 5462*:

> a financial market utility 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**

