This setting lets you decide whether people can save passwords locally on their computers. This setting is enabled by default.If you enable this setting Password Manager is turned on and people can save passwords locally on their computers.If you disable this setting Password Manager is turned off and people cannot save passwords locally.
Allows you to configure password manager
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HKCU -> Software -> Policies -> Microsoft -> MicrosoftEdge -> Main!FormSuggest Passwords
Windows Components -> Microsoft Edge