From NFA's CPO Disclosure Documents website: If the firm is soliciting for new pool participants, the pool disclosure document must be updated at least every nine (9) months. However, a CPO may be required to update the pool disclosure document more often if there are any material changes that must be disclosed.
From NFA's CTA Disclosure Documents website: If the firm is soliciting for new customers, the CTA disclosure document must be updated at least every nine (9) months. However, a CTA may be required to update the disclosure document more often if there are any material changes that must be disclosed.