Hello
When moving an Azure Subscription within a Management Group, two things are going to be affected
- Azure Policy Assignments.
- Azure RBAC inheritance.
Any policies that were assigned at the management group level or higher that is no longer in the hierarchy will no longer be applicable and new ones will be. If you have policies that you still need, ensure that they are deployed to a management group within that hierarchy.
The same applies for Azure RBAC inheritance, any assignments within the structure will change.
Also consider any custom code you may have implemented, such as automation or dashboards, are they dependant on this subscription in the management group?
It's worth noting that because you aren't moving resources, like storage accounts or key vaults, the resources still have the same resource id and therefore anything referencing them will still work.
kind regards
Alistair