12 CFR § 1320.1 - Authority and purpose.

---
identifier: "/us/cfr/t12/s1320.1"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 1320.1 - Authority and purpose."
title_number: 12
title_name: "Banks and Banking"
section_number: "1320.1"
section_name: "Authority and purpose."
chapter_name: "FINANCIAL STABILITY OVERSIGHT COUNCIL"
part_number: "1320"
part_name: "DESIGNATION OF FINANCIAL MARKET UTILITIES"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 5321; 12 U.S.C. 5322; 12 U.S.C. 5463; 12 U.S.C. 5468; 12 U.S.C. 5469"
regulatory_source: "76 FR 44773, July 27, 2011, unless otherwise noted."
cfr_part: "1320"
---


# 1320.1 Authority and purpose.

(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.