Sec.  1.785   Annual financial reports.

   (a) An annual financial report shall be filed by telephone carriers and
   affiliates as required by part 43 of this chapter on form M.

   (b) Verified copies of annual reports filed with the Securities and Exchange
   Commission on its Form 10–K, Form 1–MD, or such other form as may be
   prescribed by that Commission for filing of equivalent information, shall be
   filed annually with this Commission by each person directly or indirectly
   controlling any communications common carrier in accordance with part 43 of
   this chapter.

   (c) Carriers having separate departments or divisions for carrier and
   noncarrier operations shall file separate supplemental annual reports with
   respect to such carrier and non-carrier operations in accordance with part
   43 of this chapter.

   [ 28 FR 12450 , Nov. 22, 1963, as amended at  31 FR 747 , Jan. 20, 1966;  47 FR 50697 , Nov. 9, 1982;  49 FR 36503 , Sept. 18, 1984;  50 FR 41152 , Oct. 9, 1985;
    58 FR 36143 , July 6, 1993]