Great mod, but could we please get it to recognise BBCode?
Also if the link could be something more general other than "privacy_policy.php" it would also be great, considering that this mod is labeled to be for displaying "Terms & conditions" which isn't exactly the same as a privacy statement.
Otherwise you may want to consider changing the name or advertised use for it to reflect that its actually for privacy statements/policies, not T&C
I look forward to the next version