diff --git a/docs/README.md b/docs/README.md
index 2f990f92fc..a2a6c62daf 100644
--- a/docs/README.md
+++ b/docs/README.md
@@ -86,4 +86,4 @@ If you have a suggestion for how we can improve the
 
 ### Toolchain Guidance
 
-* [Toolchain Guidance](./Toochain-Guidance.md)
+* [Toolchain Guidance](./Toolchain-Guidance.md)
diff --git a/docs/Toochain-Guidance.md b/docs/Toolchain-Guidance.md
similarity index 83%
rename from docs/Toochain-Guidance.md
rename to docs/Toolchain-Guidance.md
index 9d75dccd31..44bb65a186 100644
--- a/docs/Toochain-Guidance.md
+++ b/docs/Toolchain-Guidance.md
@@ -37,3 +37,10 @@ In practice this should mean that we bump our rust toolchain every six weeks, to
 of that version, if there were any.
 
 The rust-toolchain that we are using is recorded in [`rust-toolchain.toml`](../rust-toolchain.toml).
+
+> [!NOTE]
+> We don't currently have a firm policy on the minimum supported rust version (MSRV) for our components.
+> When bumping the toolchain version we attempt to stay up-to-date with new language features that
+> improve the current codebase (e.g. fixing new clipping warnings) and this often will result in
+> the MSRV being implicitly bumped so we can use these features, but we don't have a hard requirement
+> that bumps the MSRV to the same level as the toolchain.