No, it doesn't, you are correct. Apple advised me there is a sort of equivalent to it and as per my post this is reset by:
On an M1 Mac you have to turn it off, disconnect from power and close the lid for 30 seconds.
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2021 M1 MacBook Pro, MacOS 12.01, Displaylink v1.6 (beta)
- USB-C to Dell U3219C
- Dell D6000 Dock (USB-C) with the August dell firmware update... which is connected, rotated to U2414H via Displayport
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