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FIA

FIA announces delay to F1 cost cap Certificates of Compliance

The governing body has said that there will be a delay to the issuing of Certificates of Compliance and will not take place today.

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The FIA has announced there will be a delay in issuing the Certificates of Compliance to Formula 1 teams regarding their adherence to the 2021 cost cap rules.

In a statement the governing body confirmed that it will not issue the certificates today, as previously planned.

The statement reads: "The FIA informs that the conclusion of the analysis of the 2021 financial submissions of the Formula 1 teams and the subsequent release of Certificates of Compliance to the Financial Regulations will not take place on Wednesday, 5 October.

"The analysis of financial submissions is a long and complex process that is ongoing and will be concluded to enable the release of the Certificates on Monday, 10 October.

"The Financial Regulations were agreed unanimously by all Competitors, who have worked positively and collaboratively with the FIA Cost Cap Administration throughout this first year under the Financial Regulations."

FIA double down on 'unsubstantiated speculation' over 2021 finances

The FIA has doubled down on the recent speculation among teams over whether any have broken the cost cap rules.

Most of the team bosses are unanimous in wanting to see firm action against any team who has breached the rules due to the performance gains, however the FIA has reiterated that until the matter has been finalised there will not be any more information provided.

They added: "As previously communicated, there has been significant and unsubstantiated speculation and conjecture in relation to this matter, and the FIA reiterates that until it is finalised, no further information will be provided.

"The FIA also reiterates that any suggestion that FIA personnel have disclosed sensitive information is equally baseless."

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