Subject to paragraph (c) of this section, all information contained in the Disclosure Document and, where used, profile document, must be current as of the date of the Document; Provided, however, that performance information may be current as of a date not more than three months prior to the date of the Document.

No commodity pool operator may use a Disclosure Document or profile document dated more than twelve months prior to the date of its use.

The commodity pool operator must attach to the Disclosure Document the most current Account Statement and Annual Report for the pool required to be distributed in accordance with § 4.22; provided, however, that in lieu of the most current Account Statement the commodity pool operator may provide performance information for the pool current as of a date not more than sixty days prior to the date on which the Disclosure Document is distributed and covering the period since the most recent performance information contained in the Disclosure Document.

If the commodity pool operator knows or should know that the Disclosure Document or profile document is materially inaccurate or incomplete in any respect, it must correct that defect and must distribute the correction to:

All existing pool participants within 21 calendar days of the date upon which the pool operator first knows or has reason to know of the defect; and

Each previously solicited prospective pool participant prior to accepting or receiving funds, securities or other property from any such prospective participant.

The pool operator may furnish the correction by any of the following means:

An amended Disclosure Document or profile document;

With respect to a hard copy of the Disclosure Document, a sticker affixed to the Disclosure Document; or

Other similar means.

The pool operator may not use the Disclosure Document or profile document until such correction has been made.

Except as provided by § 4.8:

The commodity pool operator must electronically file with the National Futures Association, pursuant to the electronic filing procedures of the National Futures Association, the Disclosure Document and, where used, profile document for each pool that it operates or that it intends to operate not less than 21 calendar days prior to the date the pool operator first intends to deliver such Document or documents to a prospective participant in the pool; and

The commodity pool operator must electronically file with the National Futures Association, pursuant to the electronic filing procedures of the National Futures Association, the subsequent amendments to the Disclosure Document and, where used, profile document for each pool that it operates or that it intends to operate within 21 calendar days of the date upon which the pool operator first knows or has reason to know of the defect requiring the amendment.