Saffire provides a standard privacy document which fulfills the requirement to disclose the methods your site gathers, uses, discloses, and manages a customer or client's data. The document includes several insertion points where you will need to add the name of your business or your site URL. Or, if you choose, you can replace this text with your own policy.
Spark location: Settings > General Site Info > Privacy & Terms
Insertion points that you need to update - there are multiple instances of these: