Definitely, thus the repeat warnings.
But some instances must really get on this sooner than later depending on their location, and this at least provides a starting framework to consult with someone on the laws locally.
Providing such a thing even when not required goes a long way in establishing trust with users, and honestly gives admins a reference on how they should be configuring and managing their instance data.
Plan to expand into templates for terms of service, moderator policies, mission statements, etc.
Testing from .world