Per the announcement on the OASIS website:

The purpose of the Message Queuing Telemetry Transport (MQTT) Technical Committee is to define an open publish/subscribe protocol for telemetry messaging designed to be open, simple, lightweight, and suited for use in constrained networks and multi-platform environments. The TC will accomplish this purpose through the refinement of an input specification.

The intention is to use the current MQTT v3.1 specification as the input to the Technical Committee and incorporate clarifications that the community has been curating on the wiki.

The deadline for joining the process is March 18th 2013 – please take part if this is of interest to you and/or your organisation.

[…] MQTT (Message Queue Telemetry Transport) was originally developed by IBM and its partners from the industrial sector (Dr Andy Stanford-Clark of IBM, and Arlen Nipper of Eurotech, in 1999). Since, the protocol has been opened to open source community and has significant growth in popularity, as mobile applications have taken off (version 3.1 of the protocol has been posted in 2010). Now there is a will of making a standard : mqtt.org/2013/02/mqtt-proposed-as-an-oasis-standard […]