Access Data said on Tuesday that it has launched a new format for reporting data to shareholders and regulators, furthering its efforts to improve transparency at the omnibus account level.

Using eXtensible Mark-Up Language (XML), the Pittsburgh-based service provider has established a standardized reporting format across recordkeeping sources. The tagged data format is designed to improve the quality of information from omnibus accounts for reporting to investors, trustees, auditors and regulators, the company said.

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