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Swiss exchange backtracks on IFRS

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27 Mar 2004

In August 2003, we Reported an announcement by the Swiss Exchange that starting in 2005 all listed companies would required to use either US GAAP or IFRS.

The Exchange has now announced an exception for companies that are not multinational: "From 2005, companies listed on the Swiss Exchange will have to carry out their accounting according to IFRS or US GAAP. Companies that are oriented towards their home markets in terms of financing may, however, continue to use the Swiss GAAP ARR standards which are tailored to the Swiss marketplace."

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.