Although the FIA announced that nine F1 teams were found in compliance with the 2024 financial regulations, the governing body revealed that a procedural breach was identified for Aston Martin.

The financial regulations for F1 teams were introduced from the 2021 season following unanimous approval of the F1 Teams.

The primary intention of the financial regulations for F1 teams is to limit spending in the championship to ensure the long-term viability of the Championship and encourage convergence in performance between Competitors, thus creating more exciting racing.

The FIA confirmed that although nine F1 teams were found in compliance for 2024, and procedural breach was identified for Aston Martin. The CCA confirmed that although AMR has been found to be in procedural breach, it has not exceeded the Cost Cap level.

The CCA noted that the procedural breach was of a very minor nature, „originated by unpredictable circumstances outside the control of the F1 Team. AMR and FIA have entered an ABA on 29 September 2025 to resolve the matter.

The FIA confirmed that „a procedural breach had been committed by AMR in the form of a Late Submission, i.e., a procedural breach under Article 8.2(a) due to AMR’s failure to submit signed versions of its audited annual financial statements and its assessment report by the Full Year Reporting Deadline of 31 March 2025.”

The governing body explained that the „procedural breach occurred in exceptional and unpredictable circumstances entirely beyond AMR’s control and which prevented AMR’s Independent Audit Firm from signing the 2024 Full Year Reporting Documentation thus preventing AMR’s submission of the same by the Full Year Reporting deadline.”

The FIA continued: „The Cost Cap Administration offered to AMR an Accepted Breach Agreement (“ABA”) to resolve the matter. The offer was accepted by AMR.

„The Cost Cap Administration recognised that exceptional and unpredictable circumstances led to the Procedural Breach and that AMR have acted cooperatively and in good faith throughout the review process.

„No financial penalties were levied to AMR due to these exceptional and unpredictable circumstances and the Cost Cap Administration confirm that there is no accusation or evidence that AMR has sought or obtained any undue advantage as a result of the breach”

Things to know about the financial regulations

The financial regulations are detailed, reflecting the complexity of the sport as a whole. The F1 teams and the power manufcaturer are requiered to hand in their submissions which are then reviewed by the CCA.

„It is possible that certain delays are encountered in the finalization of the CCA review activities, due to the necessity to perform detailed assessment on complex transactions and on treatment of costs of activities having a very specific technical content.

„The FIA considers that the timeframe needed to complete the review of the submissions to be substantially analogous to the timeframe seen in other major international sporting competitions”

The CCA is responsible for administering and monitoring compliance with the financial regulations, investigating instances of suspected non-compliance with the financial regulations through the review process, including by launching full investigations if it considers this warranted, and taking appropriate enforcement action in respect of any alleged breaches of the financial regulations.

The CCA has several options available to it when dealing with an alleged breach of the Financial Regulations. It can enter, when deemed appropriate, into a settlement referred to as an Accepted Breach Agreement with the F1 Team or PU.

Manufacturer concerned in case of a procedural breach or minor overspend breach, or, if no agreement can be reached or the CCA considers it more appropriate, it can refer the case to the cost cap adjudication panel.

In the event of an alleged major overspend breach the CCA must refer the case to the Cost Cap Adjudication Panel.

The Cost Cap Adjudication Panel comprises a panel of 12 judges elected by the FIA General Assembly in accordance with the FIA Statutes from among the candidates proposed by either the FIA Sport Member Associations entitled to vote, or a group of not less than five F1 Teams, or a group of not less than three PU Manufacturers.

For both F1 Teams and PU Manufacturers, a Minor Overspend Breach (<5% of the Cost Cap) can result in Financial Penalties and/or Minor Sporting Penalties.

A material overspend breach (>5% of the Cost Cap), if confirmed before the Cost Cap Adjudication Panel, will result in a mandatory Constructors’ Championship points deduction and can result in Financial Penalties and/or Material Sporting Penalties.