F1's new 2021 rule changes: Five key things you need to know

A raft of new and updated rules for Formula 1 have been approved by the FIA after a vote of the World Motor Sport Council on Wednesday.

The revised regulations include details on a new and reduced cost cap – an innovation coming to the sport for the very first time and one which has now been taken even further because of the financial strain the coronavirus pandemic has inflicted on the teams.

READ MORE: The 2021 F1 cost cap explained – what has changed, and why?

There is also a brand new sliding scale rule for aerodynamic development that will help the smaller teams to close the gap on the front of the grid, as well as a tweak to the regulations to limit downforce on next year's cars.

To get the lowdown on all the new rules check out the video above, and click the links below to read more on all the key areas.