MiFID requires a process called the Suitability test, where the firm asks you some questions to reach an understanding of the types of investments that will be suitable for you. If you provide only limited StepThe firm is asked to complete the following suite of forms; the status of each form is updated as the user progresses: StepIn the ‘Additional Details’ form the firm will have to confirm its current non-MiFID status and its expected MiFID status once the VoP is approved If a firm does not,