Period of sinister activity (3)
I believe the answer is:
era
'period' is the definition.
(era is a kind of period)
'of sinister activity' is the wordplay.
'of' indicates a hidden word.
'ERA' is hidden in the letters of 'sinister activity'.
(Other definitions for era that I've seen before include "Eon" , "Significant time" , "Memorable period" , "Series of years" , "Age of importance" .)