Thiru is an FPI member, a CFP$,$ a representative, and employee, of RichPlan $($Pty$)$ Ltd $($RichPlan$),$ a Category I FSP$.$ RichPlan received a complaint from a client that an investment statement that he received from a product supplier does not reflect the full amount that he invested. RichPlan holds client funds$/$assets$.$ Clients pay their funds to RichPlan, which pays the amount to be invested, on instruction of the representative, to the product supplier. After RichPlan investigated, it discovered that Thiru had transferred R$150000$ of the client$$s funds into his personal bank account, from RichPlan$$s bank account. Thiru has admitted to taking the money. Which of the following statements are correct? $($i$)$ RichPlan has found that Thiru no longer meets the fit and proper requirement of honesty, integrity and good standing. RichPlan does not have to debar Thiru, if he resigns from RichPlan$$s employment. $($ii$)$ RichPlan will be vicariously liable to the client, for Thiru$$s theft of the client$$s money. $($iii$)$ Assume that RichPlan is vicariously liable for Thiru$$s actions. RichPlan maintains professional indemnity insurance cover of R$2\mathrm{.}5$ million, to provide for instances like this, where RichPlan must reimburse the client. RichPlan has met the regulatory requirement applicable to it$,$ in this regard. i; ii ii; iii i; iii All the options are correct None of the options are correct