SOCIAL NEWS: Facebook discusses privacy update
However, the update has been delayed after six consumer and privacy groups asked the US Federal Trade Commission to look into Facebook's plans.
Plus, many users have been critical of the update.
Once launched, the policy will make it clear when users have given Facebook permission to use their likenesses, names and personal information to endorse products and services.
In 2011, Facebook faced legal action launched in which saw it pay £13 million to compensate users who said it had used their data without explicit permission.