Under the SEC’s new guidance, undertaking ‘specific actions on a social, environmental, or political policy’ may be seen as a violation.

BlackRock has temporarily paused meetings with some portfolio companies while studying the impact of new reporting rules from the U.S. Securities and Exchange Commission, according to people familiar with the matter.

The big asset manager kiboshed meetings in the immediate aftermath but is just one of many companies retooling in the face of the Trump administrations rapid rulemaking.

The pause in meetings will remain in effect until BlackRock has fully reviewed the new rules and determined the best course of action to comply. The company's response to the SEC's interpretation will likely influence how other asset managers approach similar ESG engagements and reporting obligations.

BlackRock (BLK), the world’s largest asset manager, has recently paused meetings with companies involved in shareholder battles. This decision