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Hi Roger Roger
From my observation, your current policy allows all users (who do not have a more specific policy assigned) to: 1. Share simple free/busy calendar information with external recipients in any federated domain via the *:CalendarSharingFreeBusySimple entry.1. Publish calendars via anonymous URLs accessible to anyone with the link via the Anonymous:CalendarSharingFreeBusySimple entry. The proposed change removes both of these permissions by unchecking "Share your calendar folder" and "Share your contacts folder" for each entry, effectively leaving the Domains attribute empty.Given this, the following will be affected:
- External calendar sharing (all domains): Users will no longer be able to send sharing invitations that expose free/busy information to external recipients. Existing external sharing relationships governed by this policy will also stop working; recipients will see errors or an empty calendar view.
- Anonymous calendar publishing: Users will no longer be able to publish calendars via shareable URLs. Any existing published links already distributed externally will stop returning data immediately.
- External contact folder sharing: If currently permitted, users will no longer be able to share contact folders with external recipients under this policy.
- Existing shares break retroactively: This change does not only prevent new shares; all currently active external calendar subscriptions and anonymous published URLs governed by this policy will stop providing data as soon as the policy is updated.
In the contrast, the following will not be affected:
- Internal calendar sharing and free/busy lookup within your tenant remain fully functional, as these are controlled by mailbox folder permissions, not the external Sharing Policy.
- Email flow (sending and receiving) and meeting invitations to external attendees will continue to work normally; recipients still receive invites.
- Cross-tenant free/busy in hybrid or Teams scenarios is largely unaffected, as this is typically governed by Organization Relationships rather than individual Sharing Policies.
From my perspective view, I would recommend auditing current usage and notifying affected users before applying the change, and if cross-tenant free/busy is still needed for specific partner domains, consider configuring an Organization Relationship as a more secure, admin-controlled alternative.
You can read here for more information:
Modify, disable, or remove a sharing policy in Exchange Online
Sharing calendar and contacts in Microsoft 365
Hope my answer will help you.
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