Subset Cost Cap Reporting - Non-Submission Breach

In Simple Terms

If a Formula 1 team submits their cost cap report late (missing the deadline for their Subset Accounts), they've committed a rule breach. This violation gets reported to the Cost Cap Adjudication Panel, which will decide on appropriate penalties.

• Teams must submit Subset Cost Cap Reporting on time - late submissions count as a breach
• Missing applicable deadlines for Subset Accounts triggers a Non-Submission Breach
• The Cost Cap Administration automatically refers the case to the adjudication panel after issuing a Final Notice
• This breach can result in penalties determined by the Cost Cap Adjudication Panel