Local Traffic Policies Policy List

And you have answered your own question, sort of.

When you create an ASM policy and link it directly to a virtual, ASM will automatically create a simple L7 Policy called asm_auto_l7_policy_... that links the ASM policy to the virtual.

However, you can manually create a more complex L7 Policy that makes decisions about whether to apply policy or forward traffic to replace the automatically generated policy to meet your own requirements.