§  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]