It seems to be a pain of an initiative but if you are looking for a starting point to find out what this means to you then check out:
- ico.gov.uk/for_organisations/privacy_and_electronic_communications/the_guide/cookies.aspx
- ico.gov.uk/for_organisations/privacy_and_electronic_communications/the_guide/~/media/documents/library/Privacy_and_electronic/Practical_application/guidance_on_the_new_cookies_regulations.ashx
- icc_uk_cookie_guide.pdf