What must I have in my privacy policy for my Xenforo site?

I have my adsense stuff down, I just need info on what I tell people about XF.

Examples: We collect cookies, your IP and your email and we use it ______ way.
 
Are there any global well known requirements for what you can and cannot do? I know that here the selling of emails is forbidden so I'll toss that in there.

I'm just looking for anyone who knows the low hanging fruit of the obvious stuff.
 
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