The FIA is re-evaluating the grid penalty system which governs power unit use in Formula 1 amid concerns over its effectiveness.
Williams has extended its contract with Alexander Albon who will remain at the team in 2023 as part of a new, multi-year deal.
Fernando Alonso has pounced on the opportunity to join Aston Martin for 2023, taking the seat vacated by Sebastian Vettel.
Sergio Perez will remain at Red Bull for at least two more years, the team has confirmed, after they agreed a new contract.
Carlos Sainz Jnr will race with Ferrari until at least the end of the 2024 season after signing a contract extension with the team.
McLaren has agreed a new deal with Lando Norris which will keep the 22-year-old at the team until at least 2025.
Max Verstappen has extended his contract to drive for Red Bull. The 22-year-old has signed a new three-year deal to remain at the team.