Chrome cannot be started with the required by Test Studio arguments when the "Application Identity" service is enabled in Windows 10 and as a result cannot record or execute tests with Test Studio. 

It will be beneficial to investigate the case on our end and identify if there is anything we could improve or at least document the known issue. 

A workaround could be to either disable that service or to add an exception for Chrome in an AppLocker rule to exclude it from the respective GPO.