The 24 Championship clubs have voted against implementing four proposals aimed at changing the Financial Fair Play (FFP) rules.
Concerns regarding the effect that the increased Premier League parachute payments might have on the competitiveness of the division and threats of legal action by some clubs led to a review of the rules.
The four proposals, three to increase the permitted level of losses to £10 million, £11.4 million or £12.8 million, and one to move to a real-time assessment of financial figures rather than the current retrospective analysis, failed to reach the required 75 per cent mark in the vote.
Football League chief executive Shaun Harvey said: "While a majority of clubs did vote in favour of each of the four proposals, they did not achieve the 75 per cent support required.
"We will now continue the positive and collaborative dialogue we have had with Championship clubs on this issue to see if there is any appetite for alternative forms of change."
FFP was introduced by Championship clubs in 2012 but with sanctions only imposed from 2013/14.
During 2014/15 Championship sides will be limited to losses of £3 million plus a further £3 million via equity investment by owners, although some spending, such as that on academies, falls outside those limits.
A number of clubs appear to have ignored the introduction of FFP, risking transfer embargoes or hefty fines if they are promoted to the Premier League.