I'm sorry that some posters on these boards feel the only good response is a brusque one. I'd like to respond in a more understanding way to your post if I can.
Yes, eBay currently does have a very stringent policy on outside links -- here is the link, for reference:
http://pages.ebay.ca/help/policies/listing-links.html
and I think the following will be the section of the policy that likely was applied in your case by eBay:
"You can include a single link to a page that gives additional detail about the terms and conditions of the sale. However, the page you link to can't include links to web pages outside of eBay, and the information on that linked page can't contradict the information in your listing.
Note: Remember that the most important parts of your terms and conditions have to be included in your listing, including shipping and handling information, types of payments you accept, terms of payment, and applicable taxes."
For those of us who can recall, it's true that years ago links of all kinds used to be happily permitted in listings, and it's also true that I've seen outside links still showing up on the occasional listing. It's possible you may have been overlooked up to this point (i.e. possibly the eBay 'bots' hadn't yet found you), and having finally discovered the policy violation they first limited the account, then took down the listings involved. Most sellers revised our listings to avoid the hammer coming down.
As you may know, links are still permitted, but on a very limited basis (see above policy). It's a pain for sellers (like me) who have their own website not to be able to put a link in listings, but on the other hand I recognize that as long as eBay enforces this policy across the board, it's a level playing field and is fair to all sellers. I agree with others' opinions who have said eBay is very protective, almost to the point of paranoia, of its site, but at least this policy, unlike some, is pretty clear, and there are a few minor permissions (e.g. outside links allowed on the "Me") page.
In the end, we sellers have to bend to eBay's rules, since they are providing the platform. This problem of links reminds me of issues I dealt with years ago in the legal field where disputes arose between shopping centre/mall owners and individual shop owners over what sort of colours and size of signage, etc. was permitted -- over the years, contracts with very specific restrictions were the general result. It amounts to the same thing here on eBay.
I'm not saying it hasn't been a tough ride for sellers -- it has, especially in the last 2 years! As I keep saying, I now have a 3" binder full of eBay policy "stuff" that is getting thicker all the time. However, up to this point, I always manage to find a way to comply and still survive as a seller. So far at least...
Instead of having a link to policies on an outside website, why not prepare the same text using Word, have the Word document in the background on your computer when you prepare your listings, and just "cut and paste" the text into your listings? I use a 3rd party listing service on which I can set up "boilerplate" for such things, but eBay is rolling out a new "Business Policies" tool soon that apparently does the same thing (how well, I can't yet say -- that's for another day).
If you've done well here on eBay for years, you can probably make this minor adjustment and still continue to do well. It's a matter of mindset, and eBay is in control, for better or for worse. I have a feeling it's not much different on most other major internet selling platforms now, and eBay has the visibility edge over them all.
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