The Google Ads policy on political advertising will be reorganised around mid-January 2012. The policy will be broken out as its own policy called "Political advertising" and will provide additional information on electoral bans. The change will affect all countries. We made this decision for legal reasons and to increase user clarity. We'll send notifications to affected advertisers. After the new policy goes into effect, the policy description will be updated to reflect this change.
(Posted on 3 January, 2012)