Formula Regional (FR) is an FIA-approved moniker for certified regional one-make Formula Three championships with the concept being approved during the FIA World Motor Sport Council meeting in December 2017.[1] The first series under new regulations were launched in Asia and North America in 2018, followed by European counterpart in 2019 and Japanese in 2020.[2][3][4][5] On 13 December 2022, the Toyota Racing Series was rebranded as the Formula Regional Oceania Championship.[6]
This step of the FIA Global Pathway ladder serves to close the performance gap between Formula 4 (160 bhp) and global Formula 3 Championship (380 bhp), being powered by 270 bhp engines.[2][7]