From the Identity and Access Management area, select the policies menu item (under the main Access management branch).
This shows you the list of all the policies that you have available to you in your system. The vast majority of them will be AWS created and managed including the ones listed in the previous section.
Press the Create policy button.
Change to the JSON tab and paste in the following text overwriting the existing content.
Press the Review policy button
Give the policy a name e.g. BasicIAMRoleManagement and a description to say why this was created i.e. for use with Audit Trail.
Press the Create Policy button.