World Motor Sport Council (WMSC) have approved a series of changes to Formula One regulations across coming seasons.
The changes will apply to Sporting, Technical and Financial Regulations and is related to the need to reduce costs as a result of the Coronavirus pandemic.
Technical rule changes will include the freezing of various components between this and next season, meaning that no alterations can be made to chassis, gearbox and various mechanical parts plus impact structures whilst there will be a limit on power unit upgrades in 2021.
A token system however has been devised to allow for a few modifications in accordance to specific needs of individual teams.
Next season will see teams permitted to make changes to the floor ahead of rear tyres to allow moderation in the increase of downforce between seasons, whilst the minimum mass will be increased to 749kg.
Sporting regulation tweaks include provision to allow for tyre testing during Free Practice Two if necessary to approve a new tyre specification by Pirelli, in the event of a wet Free Practice One which will allow extended use of wet tyres.
Aerodynamic testing meanwhile will be reduced across this and next season for cost reasons, although next season will see bias introduced between championship position and aerodynamic testing.
2022 will see a series of new key aspects rolled out covering curfews, restriction on components, scrutineering and parc ferme prescriptions and work as a package alongside 2022 Technical regulations.
WMSC have also approved the new budget cap plans which will see next season’s spend set at $145m, before dropping to $140m in 2022 then settle at $135m between 2023-2025 based on a 21 race season.
There are also amendments and additions to the exclusions aspect of the Financial regulations, including an increase in year-end bonus exclusion cap for exceptional sporting results from $10m to $12m.
Staff entertainment costs meanwhile have been capped at $1m whilst there will be various cost exclusions ranging from medical programmes made available for all staff to maternity and paternity related leave in salary costs.
The FIA have meanwhile designed a new Notional Values for Transferable components (TRCs), which will allow smaller teams to avoid the need to establish and maintain the designing, development and manufacturing of parts which have been designated under the TRCs section.
Project flipping in which small teams supply big teams will not be permitted if attempting to cheat the budget cap restrictions, with smaller constructors enabled to make genuine savings.