Leading Formula 1 stakeholders have unanimously agreed to defer the final presentation of the 2021 regulations until October, it was announced on Thursday evening.
Formula 1 has been in the process of defining the structure of the Technical and Sporting Regulations for the next generation in 2021, with substantial changes expected.
The FIA’s rules outline that such regulations must be presented before the end of June unless it is unanimously agreed between the relevant parties that a delay is necessary.
This was unanimously agreed, though five teams refused to sign without a guarantee that plans for a budget cap would remain a part of the 2021 rules package.
Several meetings were held among leading parties at last weekend’s Canadian Grand Prix, and on Thursday another gathering took place in Paris.
The FIA, Formula 1, Team Principals and Technical Directors from the 10 teams and Pirelli convened, along with reigning World Champion Lewis Hamilton, Renault’s Nico Hulkenberg, and GPDA Director Alexander Wurz.
It was confirmed that it was “unanimously agreed to defer the final presentation of the Technical, Sporting and Financial regulations for the FIA Formula 1 World Championship for 2021 and beyond until the end of October 2019.
“While the FIA Formula 1 World Championship’s key stakeholders feel the core objectives outlined for the future set of regulations have been defined, in the interests of the sport it was agreed that the best outcome will be achieved by using the extra time for further refinement and additional consultation.
“Furthermore, following today’s first meeting featuring the aforementioned stakeholders, a series of additional meetings will be held over the coming months.”
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