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German stock exchange to require IAS or US GAAP for small-cap companies

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29 Apr 2001

Deutsche Bourse will require small-cap companies listed on the Smax index to use IAS or US GAAP starting in 2002. The goal is to enhance understandability of financial information for international investors.

Currently, 127 companies are included in the Smax list. Smax is intended to be a "quality segment" of companies that have agreed to "meet increased criteria of transparency and publicity according to international standards".

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