Code · CFR · Title 12 — Banks and Banking · Part 1320 — Designation of Financial Market Utilities · § 1320.1

§ 1320.1. Authority and purpose.

76 words·~1 min read·/us/cfr/t12/s§ 1320.1·

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(a)Authority. This part is issued by the Financial Stability Oversight Council under sections 111, 112, 804, 809, and 810 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”) (12 U.S.C. 5321, 5322, 5463, 5468, and 5469).

(b)Purpose. The purpose of this part is to set forth the standards and procedures governing the Council's designation of a financial market utility that the Council determines is, or is likely to become, systemically important.

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U.S. Code

Financial Stability Oversight Council established
§ 5321

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§ 1320.1

Authority and purpose.

U.S.C.§ 5321

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