A policy's status becomes Active when it is marked as approved by all Approvers on each step of the Approval Workflow process, and it is not scheduled to become effective at a later date.
For more on the potential statuses of any policy, see this article.
For more on Approval Workflows, see this article.
For more on the Approver role, see this article.
For more on Scheduled Effective Date, see this article.
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