In the FIA World Motorsport Council meeting, held today in Paris, approval has been granted to the President to formalise the contract between the FIA and GP2 promoter to establish the FIA Formula 2 Championship.
This mover will complete the FIA’s single seater pyramid from Karting through the Formula One. The WMSC minutes do not reference a timeline to support the transformation, but 2016 is likely.
Any changes around the GP3 series have not been referenced.
F2 will likely maintain current GP2 technical regulations and retain it’s support race place in 10 rounds of the F1 championship.
Bernie Ecclestone and Flavio Briatore are the promoters and owners of the GP2 / GP3 series (incidentally they partners also hold the rights to the GP1 name) . Both series are powered by Mecachrome engines, branded as Renault in the GP2 series. Mecachrome are one of the manufacturers participating in the FIA’s recent request for an expression of interest in alternative engine supply within F1. It is possible this engine design could play a part in future engine development plans for F2.