John, a CFP$$ professional, started his own financial planning practice five years ago. His client, Mark, approached John asking him for advice about a life insurance policy on his own life. John has no expertise in individual life insurance and refers Mark to Carly, a local insurance agent and John's daughter. Carly is not a CFP$$ professional. John does not tell Mark that Carly is his daughter. The following week, Carly meets with Mark in John's office to discuss insurance options. Mark completes an application for life insurance and explains that he does not have the $$5,000$ annual premium available at this time. John agrees to loan Mark $$5,000,$ which he repays two months later. Which of the following statements regarding John's adherence to CFP Board's Code of Ethics and Standards of Conduct is CORRECT?

John followed Standard A$\mathrm{.}3$Competence by referring Mark to Carly for insurance consultation.

John should have disclosed to Mark that Carly is his daughter to avoid any potential conflicts of interest.

John did not violate CFP Board's Standards of Conduct when he loaned Mark money because Mark repaid the entire balance within $90$ days.

Carly owes Mark the duty of care of a fiduciary as defined by CFP Board.