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

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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]