Which statement BEST describes the distinction between a state notice filing and state registration of a mutual fund under the Uniform Securities Act?

1. ANotice filing allows the Administrator to review and approve the mutual fund's offering documents
2. BA notice filing is only informational and does not constitute a review or approval process by the state✓ Correct answer
3. CNotice filing means the mutual fund must comply with all state registration requirements
4. DState registration and notice filing are functionally equivalent procedures

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