Furthermore, there did not used to be a federal stock exchange law, and the cantonal stock exchanges in Zurich, Basel, Berne and Geneva did not require consolidated financial statements until 1996.
此外，以前并没有联邦证券交易所法，直到1996年，苏黎世、巴塞尔、伯尔尼和日内等州级证券交易所并不要求编制综合财务报表。