The review, which runs from July 17 through October 30, 2026, seeks to ensure that the GICS framework remains an accurate reflection of modern market realities. By November, the firms intend to announce whether these proposed structural changes will be implemented. The scope of the inquiry is broad, focusing on the classification of AI-related business models, the definition of foundation model developers, and the categorization of high-performance computing services.
Beyond artificial intelligence, the consultation targets technical updates to the semiconductors sub-industry and the application software sector, alongside a review of how listed investment companies are classified. Interested market participants are invited to submit feedback via online surveys or direct email communication to the respective indices providers. While the current proposals are under review, the firms noted that the process may conclude without any formal adjustments to the existing classification system.
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