Following the submission of all required documentation by all ten Formula One Teams, the Cost Cap Administration carried out the first ever Review process under the FIA Formula One World Championship Financial Regulations. These new Financial Regulations are a very complex set of rules that competitors were required to adapt to for the first time.
Red Bull have entered an Accepted Breach Agreement (ABA) with the FIA following a breach of the 2021 Financial Regulations, F1’s governing body have said.