LF anyone who can explain how advisers can keep advising EU-based clients post-Brexit

Post-Brexit, UK advisers can no longer rely on passporting rights to advise clients resident in the EU. The FCA's position is that firms must comply with the rules of the country where the client is resident, not where the adviser is based. Most EU regulators treat UK firms as "third-country" advisers, so local permissions, registration or an exemption may be needed, with requirements varying by country. For example, a UK client who retires to Spain cannot automatically continue receiving advice from their UK adviser. Some UK citizens living abroad choose to meet their adviser while visiting the UK once or twice a year, but that does not remove the need to consider the regulatory position in their country of residence. As a result, many firms have restricted cross-border advice or partnered with locally authorised firms because obtaining permissions across multiple jurisdictions can be expensive and complex.