Apple has also not made it clear how it would be reviewing the apps before approval. This process could make be even longer considering the new changes. Recently, Apple removed an app called Onavo which collected data and shared it with Facebook. This indicates that Apple will take a tougher stance on apps that collect user data in the future.
Apple's new developer policy was announced in a report which explains developers how they can can add or edit privacy policies for the App Store as part of the new rule.