rephrase

I can’t understand the following paragraph. Please rephrase it to a simpler form.

The approval of the IEEE’s Standard for Extensible Markup Language (XML) Schema Definition (XSD) Language Binding for Learning Object Metadata (LOM) as a formal accredited IEEE Standard.

Also, What does ‘a formal accredited IEEE Standard’ refer to?

As those are specific technical terms, it is not possible to simplify the vocabulary.

The statement wants this:
the IEEE’s Standard for Extensible Markup Language (XML) Schema Definition (XSD) Language Binding for Learning Object Metadata (LOM)
to be formally accredited.