So basically I just discovered there’s a bug in the Google Chrome Update ADMX files. These are usually used in an environment where Google Chrome for Enterprise is used.
It’s quite simple really. To disable the updates you see on the About Chrome page, you need to set a registry key:
HKEY_LOCAL_MACHINE\SOFTWARE\Policies\Google\Update
Here, create a new DWORD-value and name it UpdateDefault. Give it a value of 1.
It is possible to do this with the Google Chrome Update policy, mentioned earlier. However, to set this, you need to set the policy to “Always allow updates (recommend)”. This sets the value of the before mentioned DWORD-value to 1, whereas if you choose the “Updates disabled option”, the value gets set to 0.