VMware vCenter Server 7.0.x
The role model in vCenter Server versions up until 6.5 did include VRMPolicy privileges natively for use by vSphere Replication.
Current vSphere Replication versions compatible with vSphere 7.0.x and later do no longer require these privileges, hence with vSphere 6.7 those privileges have been disabled.
The VRMPolicy privilege category has been removed since vCenter Server 6.7. In some situations (e.g. when the vCenter was upgrade from 6.5 in the past) there might still be leftovers like the aforementioned "privilege VRCMPolicy.label". This category might even still contain 2 privileges:
However, these are no longer functioning.
If a 3rd party application requires these permissions to function, please work with the application vendor to evaluate if the application has been certified as compatible with vSphere 7.0.x (or 8.0.x). If the vendor confirms the compatibility, the application needs to be able to function without requiring these privileges, in which case please work with the vendor to assign the correct permissions instead.