Computer Configuration > Administrative Templates > Microsoft Edge > Manageability
Both
HKLM\Software\Policies\Microsoft\Edge
If you enable this policy, cloud-based Microsoft Edge management service user policies takes precedence if it conflicts with local user policy. If you disable or don't configure this policy, Microsoft Edge management service user policies will take precedence. The policy can be combined with 'EdgeManagementPolicyOverridesPlatformPolicy' (Microsoft Edge management service policy overrides platform policy.). If both policies are enabled, all cloud-based Microsoft Edge management service policies will take precedence over conflicting local service policies.