(1) The Authority may give guidance consisting of such information and advice as it considers appropriate -

(a) with respect to the operation of these Regulations;

(b) with respect to any matters relating to functions of the Authority under these Regulations;

(c) with respect to any other matters about which it appears to the Authority to be desirable to give information or advice.

(2) The Authority must give guidance consisting of -

(a) information as to which government securities, credit institutions and currencies are specified for the purposes of the definition of "liquid assets" in regulation 1(2);

(b) information and advice about the quality of an asset pool for the purposes of the requirement specified in regulation 17(2)(d) and the manner in which it will assess the issuer's and owner's compliance with that requirement;

(c) information and advice about the contents of the annual report required for the purposes of regulation 17A(3)(b).