This is basically a key HKEY_CURRENT_USER\Software\Policies, i.e. a key in the user part of the registry, which by default is read-only to the user.
By convention, a key hierarchy should complement the one you already have under HKEY_CURRENT_USER\Software, for example. if your normal user settings are stored in HKEY_CURRENT_USER\Software\MyCompany\MyProgram, then the protected user settings (or "policies" in MS lingo) should be stored inHKEY_CURRENT_USER\Software\Policies\MyCompany\MyProgram
Please note that it is recommended that you only set values under this key using Group Policy objects and never directly with registry access.
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