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The Financial Services and Markets Act 2000 (Mutual Societies) Order 2001
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14. To the extent that the fees required to be paid by the rule relate to mutuals expenditure—
(a)the giving of the guidance is not to be treated as a general function of the Authority by virtue of subsection (4)(c) of section 2 (functions of the Authority to which the Authority’s general duties apply),
(b)section 155(2)(c) (requirement to include in consultation a statement that rules are compatible with general duties) does not apply in relation to the guidance, and
(c)the guidance is not to be treated as a regulating provision for the purposes of section 159(1) (interpretation of Chapter III of Part X).
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