Registered CPOs and CTAs must prepare and file with the NFA Annual Questionnaires and Annual Registration Updates. Additionally, registered CPOs must prepare and file with the NFA an annual report for each commodity pool. Finally, unless the applicable funds qualify for an exemption, registered CPOs and CTAs must update their disclosure documents periodically, as they may not use any document dated more than nine (9) months prior to the date of its intended use. Disclosure documents that are materially inaccurate or incomplete must be promptly corrected and the correction must be promptly distributed to pool participants.