Does the FSA have the right priorities?

We were recently trying to find the site where the FSA publishes the Disclosure Reports about Short Positions in the shares of companies that are staging a capital increase. The keyword 'disclosure' returns a staggering amount of entries from its website, more than a mere mortal can digest in a lifetime. But one item caught our attention. It is named 'Disclosure Requirements for the Accounts of Working Men's Clubs' (dated 4 July 2008) and runs to a full seven pages.
We did not know whether to cry or laugh about this gem that was penned by a faceless Civil Servant. With the whole structure of British Banking teetering on the brink, - do the regulators really have nothing better to do than concern themselves with the affairs of Working Men's Clubs? (by the way, we never met anyone who was a member of such a club and never heard that any such Club was causing major problems for the financial structure of the Kingdom).
Anyone who suffers too much stress in the markets and wants to relax for a moment can read the details on the FSA Website, Ref R/FS/AR 41D (and lest I forget, there are Notes attached!)