As used in this part the term:
(a) Fiscal year means the calendar year or other period of 12
consecutive calendar months, on the basis of which financial accounts
are kept by an employer. Where an employer designates a new fiscal year
period prior to the expiration of a previously established fiscal year
period, the resultant period of less than 12 consecutive calendar
months, and thereafter the newly established fiscal year, shall in that
order constitute the fiscal year for purposes of
the reports required to be filed by section 203(a) of the Act and of the
regulations in this part.
(b) Corresponding principal officers shall include any person or
persons performing or authorized to perform principal executive
functions corresponding to those of president and treasurer, of any
employer engaged in whole or in part in the performance of the
activities described in section 203(a) of the Act.
[28 FR 14384, Dec. 27, 1963, as amended at 42 FR 59070, Nov. 15, 1977]
