Thank you for reaching out to us. Regarding your question related to External/Guest users collaboration with Azure Information Protection.
Unfortunately it is not possible to change the behavior of RMS client when Guest users accessing the protected documents. The user is first authenticated by using federation with a social identity provider or by using a one-time passcode. Then the email address specified in the protected email is used to authorize the user.
Reference:
https://learn.microsoft.com/en-us/previous-versions/azure/information-protection/secure-collaboration-documents
https://learn.microsoft.com/en-us/previous-versions/azure/information-protection/secure-collaboration-documents#supported-scenarios-for-opening-protected-documents
Let me know if you have any questions.
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