Formula 1 teams and management have officially agreed to delay the presentation of the 2021 regulations until October.

The decision was made in a meeting with the FIA in Paris, following talks at last weekend’s Canadian Grand Prix, and was also attended by Lewis Hamilton, Nico Hulkenberg, and Grand Prix Drivers’ Association chairman Alexander Wurz.

The regulations were to have been finalised 18 months prior to implementation, meaning the end of June, as per the FIA Sporting Code, but could be put off until a later date with unanimous agreement from the teams.

A deadline as late as December had been suggested earlier this year, although that was considered too late, especially for smaller teams, given the dramatic nature of the changes which have been mooted.

Draft copies of the regulations, including a budget cap, were circulated at Montreal.

Full statement from Formula 1

Following discussions during the Canadian Grand Prix in Montreal and a meeting today, 13 June, in Paris between the FIA, Formula 1, Team Principals and Technical Directors from the ten teams, the championship’s single tyre supplier and a number of drivers – Lewis Hamilton, Nico Hulkenberg and Alexander Wurz – it has been 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.