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I've created a content type and am trying to configure Policy Statement under Information Management Policy Settings.

You are meant to enter the policy statement in a multi-line text box. The description reads:

The policy statement is displayed to end users when they open items subject to this policy. etc, etc.

I've published the Content Type. I open the document and nothing appears? Is the Policy Statement meant to be a popup window or something?

I'm using SharePoint Online.

Thanks.

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I've resolved this. Per Microsoft:

Note: Information management policies are compiled by an Information Management Policy Timer Job, managed by Microsoft, which runs weekly. Therefore, your policies may not take effect immediately. The frequency and date of the Information Management Policy Timer Job cannot be changed.

The reference came from Here

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