### Question
How is the "designated financial market utility" defined?


### Answer
The term **designated financial market utility** is defined in *12 U.S.C. § 5462* as follows -

> 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**

