Only Times dissembles with such dignified formality (9)

I believe the answer is:

solemnity

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'formality' is the definition.
(thesaurus)

'only times dissembles with such dignified' is the wordplay.
'only times' anagrams to 'SOLEMNITY'.
However, I'm unsure how the anagram is indicated.

Can you help me to learn more?

(Other definitions for solemnity that I've seen before include "Portentousness" , "Rite" , "seriousness" .)

I've seen this clue in the Sydney Morning Herald.

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