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The next version of 'HTML' is expected to be reformulated as an XML application, so that it will be based upon XML rather than upon SGML.
The Extensible Markup Language (XML) is descriptively identified in the XML 1.0 W3C Recommendation as "an extremely simple dialect [or 'subset'] of SGML" the goal of which "is to enable generic SGML to be served, received, and processed on the Web in the way that is now possible with HTML," for which reason "XML has been designed for ease of implementation, and for interoperability with both SGML and HTML." Note that the "HTML" referenced in the preceding sentence (bis) means HTML 4.0 and 3.2 which were in common use as of 10-February-1998, when the XML 1.0 specification was published as a W3C Recommendation.
XML was initially "developed by a W3C Generic SGML Editorial Review Board formed under the auspices of the W3 Consortium in 1996 and chaired by Jon Bosak of Sun Microsystems, with the very active participation of a Generic SGML Working Group also organized by the W3C." An XML WG (Working Group) under W3C served initially as an editorial board, which received input from an XML Special Interest Group.