You will probably get an UAC prompt when importing the reg file. If you accept that, you have more rights.
Since you are writing to the 'policies' key, you need to have elevated rights. This part of the registry protected, because it contains settings that are administered by your system administrator.
Alternatively, you may try to run regedit.exe
from the command prompt.
regedit.exe /S yourfile.reg
.. should silently import the reg file. See RegEdit Command Line Options Syntax for more command line options.