objAPI := newObjectLayerFn()
	if objAPI == nil {
		return np, grid.NewRemoteErr(errServerNotInitialized)
	}

	policyName := mss.Get(peerRESTPolicy)
	if policyName == "" {
		return np, grid.NewRemoteErr(errors.New("policyName is missing"))
	}

	if err := globalIAMSys.DeletePolicy(context.Background(), policyName, false); err != nil {
		return np, grid.NewRemoteErr(err)
	}

	return
}