Formula 1 will not undergo a radical overhaul of its rules and regulations in 2016 after the F1 Commission rejected proposals to shake up the sport earlier than planned.

The F1 Commission met in Geneva to discuss the possibility of green lighting processes that could have seen wider tyres and more aggressive designs implemented as early as next season.

However, according to Reuters, the proposals were rejected in favour of focusing on introducing changes possibly for 2017, where calls to increase the power output of the V6 engines to 1000bhp is also being seriously discussed.

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Amendments to the regulations for 2016 can still be made up to March 1st on a majority vote, but thereafter it would require unanimous votes - an unlikely occurrence where major changes are being considered - for any other regulation changes to be made.

Dwindling audiences in key markets and concerns over growing costs has forced teams and the FIA to begin a dialogue about the possibility of undergoing radical changes going forward, though teams are reportedly at odds over which direction to take and over what time frame.

With this decision, the teams will now look towards forming a basis for new regulations to take effect from 2017, utilising the considerably more favourable time available to them.

Ferrari has already made its vision for F1's future abundantly clear by revealing its surprise 'concept' design ahead of the F1 Commission vote in the hope it would spur a public debate and generate feedback.